All Posts Tagged With: "MSFT"
Buy, Sell or Hold: General Electric Co.
GE is poised to enjoy very fast rates of growth in the years to come as its business line-up potential starts kicking in, as we are already seeing in the infrastructure business.
The Top 3 Misconceptions About Penny Stocks
Investors tend to stereotype penny stocks as risky no-gainer gambles, says Mark Louie in Penny Sleuth. But this is simply untrue. Learning the truth about what you heard in the past might prove to be a wealth-generating opportunity for the future. Below Mark lists the top three commonly-held misconceptions about penny stocks…
Cisco Says ‘No Deal’ for EMC; Shares Jump on Better-Than-Expected Financial Results
Cisco Systems Inc. (CSCO), the world’s biggest maker of networking gear and the focus of a recent “Buy, Sell or Hold” feature in Money Morning, is not in any deal talks with any big companies, and apparently won’t be a bidder for data storage giant EMC Corp. (EMC), Cisco Chief Executive John T. Chambers told CNBC in an interview late yesterday (Wednesday).
Blue Chips At Risk If SEC Shuts Down Naked Short Selling
Much has been written about the new drive by the Securities and Exchange Commission (SEC) to eliminate naked short selling of stocks. (Read the Mogambo Guru scathing criticism here.)
Rick Pendergraft in Investor’s Daily Edge has no problem in principle with the clamp down on naked shorting. But it may create more problems than it solves.
If hedge funds and brokerages suddenly have to settle all unsettled short sells, they will have to sell assets to cover their naked shorts. Blue chips with high institutional ownership are most vulnerable…
Global Investing Roundups Friday, August 1st, 2008
Bristol Myers Moves for ImClone; Kodak Earnings Fade; Diana Shipping Doubles Earnings; Crude Stumbles Again; Google to Start VC Fund; Primetime Ad Drama; MasterCard Slumps on Less Spending; S&P Says U.S. Car Companies are “Junk”
- Bristol-Myers Squibb Co. (BMY) yesterday (Thursday) offered $4.5 billion in cash for biotechnology company ImClone Systems Inc. (IMCL), the Associated Press reported. ImClone’s board has yet to comment on the proposal, which offers its stockholders $60 per share, a 30% premium to its Wednesday closing price of $46.44. Bristol-Myers already owns about 17% of ImClone.
- Eastman Kodak Co. (EK) said yesterday (Thursday) that second-quarter profit fell, as traditional film-based revenue slumped 14% to $847 million. Sales climbed 1% from $2.47 billion to $2.49 billion, and revenue from digital businesses rose 10% to $1.64 billion.
- Diana Shipping Inc. (DSX) said yesterday (Thursday) that second-quarter profit more than doubled due to higher charter rates and an increase in operating days, the Associated Press reported. The company said its earnings for the quarter ended June 30 increased to $56.7 million, or 76 cents per share, up from $26 million, or 41 cents per share, for the same period last year.
- Light, sweet crude oil for September delivery fell $2.69 to settle at $124.08 a barrel on the New York Mercantile Exchange yesterday (Thursday). Prices are up 59 percent from a year ago, but have dropped 11% this month on concerns demand in the U.S. is pulling back.
- Google Inc. (GOOG) has plans to start-up a venture capital fund to provide seed money to promising start-ups, MarketWatch reported. Google follows in the footsteps of other tech giants with similar funds such as Intel Corp. (INTC), Cisco Systems Inc. (CSCO) and Microsoft Corp. (MSFT).
- CBS Corp. (CBS) shares slumped 3% after the television network lowered its outlook based on slackening advertising sales, Forbes reported. Advertising sales fell 6% due to fewer primetime viewers and less spending by local stations. CBS reduced its guidance to the nearly flat from a prior estimate of growth of 3% - 5%.
- MasterCard Inc. (MA) fell almost 10% yesterday (Thursday), as investors worried about the effect waning consumer spending would have on debit and credit card use, Bloomberg News reported. MasterCard shares dropped $26.58 to close at $244.15.
- Standard & Poor’s lowered the rating on the three major U.S. automakers yesterday (Thursday), as domestic car companies continue to lose ground to foreign competition. General Motors Corp. (GM), Ford Motor Co. (F) and Chrysler LLC were all lowered to a rating of “B-minus,” six levels below investment grade, Reuters reported.
Global Investing Roundups Thursday, July 31st, 2008
Crude Gains on Lower Supply; Comcast Earnings Boost; Garmin Shares Plunge on Lowered Outlook; United’s Pilot Trouble; Private Employers Add Jobs; Nissan Buys Out TN Plants; ArcelorMittal’s Strong Second Quarter; Nintendo Brings Its A-Game
- Crude oil for September delivery gained $4.58 yesterday (Wednesday) to close at $126.77 a barrel on the New York Mercantile Exchange, MarketWatch reported, after the Energy Information Administration announced crude supplies fell 100,000 barrels to 295.2 million barrels for the week ended July 25.
- Comcast Corp. (CMCSA), the largest U.S. cable television provider, announced yesterday (Wednesday) that net profit in the second quarter rose to $632 million, or 21 cents a share, from $588 million, or 19 cents a share, in the prior year, Reuters reported. Comcast stock gained 89 cents, a 4.64% increase, to close at $20.07 on the news.
- Navigation system maker Garmin Ltd. (GRMN) lowed its full-year outlook to $4.13 per share from an earlier estimate of $4.40 per share in light of the weakening U.S. economic conditions, Forbes reported. Yesterday (Wednesday), the firm missed earnings expectations for the quarter ended June 28, causing shares to plunge over 20%.
- UAL Corp. (UAUA), parent of United Air Lines Inc., filed suit yesterday (Wednesday) against the Air Line Pilots Association union, The Wall Street Journal reported. UAL is seeking an injunction against an unlawful sickout, which caused United to cancel an abnormal number of flights.
- Private employers added 9,000 jobs in July, a private report by ADP Employer Services said yesterday (Wednesday). In June, the private sector slashed 77,000, according to revised data. June was originally reported as 79,000 jobs lost.
- Nisssan Motor Co. Ltd. (ADR: NSANY) said yesterday (Wednesday) that it plans to offer buyouts to about 6,000 workers at its two Tennessee plants and eliminate a night shift at one of them, Reuters reported. Citing lower demand for pickup trucks and sport utility vehicles the company said it would offer technicians and salaried employees a lump sum of $100,000 or $125,000, depending on tenure, as well as medical and car purchase benefits.
- ArcelorMittal (ADR: MT) had a second-quarter surge in earnings, as high steel prices offset soaring mineral costs. Net income rose to $5.84 billion from $2.72 billion a year earlier. Revenue was $37.84 billion, from $27.2 billion a year earlier.
- Nintendo Co. Ltd.’s (OTC ADR: NTDOY) quarterly profit rose 31.5% on the runaway success of its Wii game console. The Wii outsold Sony Corp.’s (SNE) PlayStation 3 and Microsoft Corp.’s (MSFT) Xbox 360, putting Nintendo in the leading position in the three-way game console battle, Reuters reported. April-June net profit rose 33.7% to $1 billion (¥107.27 billion) on sales of $3.9 billion (¥423.38 billion), up 24.4%.
It’s Time to Keep Your Eye On More Than Just Hurricanes
The last time we checked in, I had written about a potential Dow Theory buy signal. Lo and behold, the very next day the indexes reversed and started moving higher. Primarily due to frantic short covering in the financial sector, it was still helped along by declining oil prices and a little government intervention in the short sale department.
Global Investing Roundups Tuesday, July 22nd, 2008
Icahn’s Yahoo Victory; XM Gains Listeners; Gloomy Economic Outlook; Crude Gains on Tropical/Political Storms; Hasbro Beats Expectations; Corn Cut Down; Goldman Banker Summoned by Paulson; Union Asks Citi to Break Up Operations
Slack Spending Means Bear Market Will Roar Some More
Are we seeing a bottom to the bear market?
US stocks are heading for weekly gains. This despite big quarterly losses results from financials Citigroup (C) and Merrill Lynch (MER) and missed estimates from tech giants Google (GOOG) and Microsoft (MSFT).
Think of it this way, says Penny Sleuth editor Wayne Mulligan: “If you want to know whether or not we’ve reached a bottom, then all you need to do is think about the consumer.”
Global Investing Roundups Friday, July 18th, 2008
Piracy Robs Microsoft; BlackRock Profits Rise 23%; Nokia Beats Expectations; Venezuela Lights Up U.S.; BOE’s Sentance “Struck”; Coke’s Earnings Hiccup; JPMorgan Earnings Surprise; Investor Outrage in Pakistan
Latest News
- Base Metals Move Higher10:49pm CDT
- Crude Pushes Higher as Gustav Threatens Gulf10:46pm CDT
- Dollar Drops10:42pm CDT
- Precious Metals Uncertain10:38pm CDT
- FDIC Braces for More Bank Failures, Expands Offices4:32pm CDT
- Global Investing Roundups Thursday, August 28th, 20083:16pm CDT
- Dow’s (DJI) Earnings Slump Will Lead to More Inflationary Policies3:10pm CDT
- Chrysler Considers Sale of Gas-Guzzling Viper1:10pm CDT
- Look Deeper Into Housing Numbers And You Will See A Different Picture1:04pm CDT
- Bank Failures Could Mean 79% Gains on XLF December 20 Puts9:32am CDT
- Vangard Wellington (VLEX) Is a Great Bear Market Play7:29am CDT
- Why AIG (AIG) Is a Bargain and Ford (F) Is Not6:36am CDT
- Resource Stock Roundup Wednesday August 27, 20084:24pm CDT
- Base Metals Plummet, Weakness in Europe Suggests Recession is Spreading2:58pm CDT
- Dollar Strengthens, Weak German Data Send Euro Lower2:47pm CDT
- Crude Rises, threat of Hurricane Gustav to Gulf Facilities Drives Market2:41pm CDT
- Gold Erases Big Early Losses, Posts Small Gain2:20pm CDT
- Fed Signals Rate Hike for Next Move, But Timing Uncertain12:24pm CDT
- 2 ETFs and 4 Mining Stocks to Profit from $1,500 Gold11:34am CDT