Tag Archive
Bove Says Sell Bank Stocks – US-FOREX.US
Dick Bove, vice president of equity research at Rochdale Research, thinks the banking industry is an attractive long-term investment, but for now he believes bank stocks are running on fumes and recommends investors take short-term profits.”The issue as I see it is that bank earnings will not improve in the third or even fourth quarter… »
Attention Retail Shoppers – US-FOREX.US
Sales may be down while unemployment is up but retailers are doing well, nonetheless. Since the start of the year the sector has walloped the broad market by a wide margin. The SPDR S&P Retail ETF
gained 55% since Jan. 1 while the S&P 500 is up just over 10%. Now, with the biggest retailers reporting… »
Applied Materials Weathers Storm – US-FOREX.US
Investors have accepted that 2009 isn’t the year for Applied Materials, making Tuesday’s fiscal-third quarter report an assessment of how well the semiconductor equipment maker has handled the downturn and positioned itself for the future.
In June, Applied Materials
‘ chief executive Mike Splinter warned of more failures in the industry as the number of customers declines…. »
Derivatives Fuel Berkshire Hathaways 14 Q2 Earnings Rise – US-FOREX.US
Even Berkshire Hathaway Chairman and Chief Executive Warren Buffett has taken his knocks this recession, but Friday he announced his company’s best quarterly results for nearly two years. A rising stock market boosted the value of his equity investments and derivatives bets, more than offsetting the continuing recession-induced softness in many of the group’s… »
AIG Shares On Giddy Tear – US-FOREX.US
Shares of American International Group closed Friday trading in New York at more than double their price of a week earlier. Investors had been expecting the insurer that was only saved from collapse last year by 180 billion in federal bailout funds, to report Friday its first profit since the third quarter of 2007. AIG… »
AIG Declares Quarterly Profit – US-FOREX.US
American International Group, the insurer that, on the brink of collapse, in 2008 received 180 billion in federal bailout funds, has reported its first profit since the third quarter of 2007. Second quarter net earnings were 1.8 billion, or 2.30 a share, against a net loss of 5.4 billion, or 41.13 a share in the… »
MBIAs Split – US-FOREX.US
The housing industry appears to be working its way back to health, and investors will find out Thursday if the same can be said for bond insurer MBIA.Wall Street expects MBIA
to report a loss of 92 cents per share on Thursday. MBIA’s report will be followed Friday by fellow bond insurer Ambac Financial
which is expected… »
Write Down Your Own Debt – US-FOREX.US
The debate over mark-to-market accounting—whether to value assets at market prices—will take on a strange twist once banks, investors and regulators get wind of the latest proposal from the group that sets accounting standards. Under new rules being reviewed by the Financial Accounting Standards Board, companies will have to record gains or losses in the… »
Disney Seeks Digital Magic – US-FOREX.US
Walt Disney hopes to show its movies overcame the weak economy and waning ad market during its fiscal third quarter, but Wall Street is more interested in its ideas about how to monetize the Internet.
Disney
’s market value has risen 14.1% since the beginning of the year. The Street expects the media conglomerate’s quarterly earnings will… »
Volumes Could Hurt NYSE Earnings – US-FOREX.US
Some analysts are lowering their quarterly and 2009 forecasts for NYSE Euronext’s earnings after cash equities, options and futures volumes have been slowing or declining as volatility works its way out of the markets. Though the NYSE has been strong in derivatives with NYSE Liffe up 9% this quarter, that’s unlikely to make up for… »