Archive for the ‘Stock Market’ Category
Tuesday, November 11th, 2008
Ever since the panic low on Oct. 10, the stock market has been bouncing around like a super-heated atom in a 10 by 10 room. Well, get used to it; we just expect the room to expand to 20 by 20 as we move into the end of the year ...
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Tuesday, November 11th, 2008
S&P KEEPS HOLD RECOMMENDATION ON SHARES OF AMERICAN INTERNATIONAL GROUP (AIG; 2.11):Third quarter operating loss of $3.42, vs. operating EPS of $1.35, is worse than our estimate. AIG also unveils revised Treasury bailout plan. Most significant, in our view, is increased commitment to some $150 billion (including purchase of $40 ...
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Tuesday, November 11th, 2008
GOLDMAN SAYS BUY NVIDIA STOCK AS STREET ESTIMATES PROPERLY RESETGoldman Sachs analyst James Schneider notes that Nvidia's (NVDA) $0.13 operating EPS (including $0.07 ESO) is well above his $0.07, mainly due to higher gross margin, lower opex, tax credit; $0.20 pro forma EPS (excluding ESOs, one-time charges) $0.08 ahead of ...
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Tuesday, November 11th, 2008
S&P MAINTAINS SELL OPINION ON SHARES OF GENERAL MOTORS (GM; 4.20):GM posts adjusted fourth quarter loss of $7.35, vs. EPS of $2.86, is wider than our $5.68 loss forecast as industry demand deteriorated. GM seems to be building its case for access to accelerated government aid, we believe, given its ...
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Tuesday, November 11th, 2008
U.S. stocks moved solidly higher Friday as a weak jobs report failed to prevent a rebound from steep declines earlier in the week. Some observers argue that Friday's release of the U.S. employment report for October, which showed nonfarm payrolls falling by a greater than expected 240,000 on the month, ...
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Tuesday, November 11th, 2008
Though fourth-quarter earnings estimates still paint a rosy picture, they are likely to be cut significantly by the end of November.After all, this is the time of the year when the next year begins to become a reality. The fourth quarter is infamous for writedowns and Standard & Poor’s Index ...
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Tuesday, November 11th, 2008
General Motors (GM) shares are halted pending third quarter results, which have been delayed from original 10:30 am release time. Nvidia (NVDA) posts better-than-expected $0.20, vs. $0.44, third quarter non-GAAP EPS on 20% revenue drop. Street was looking for $0.12. Goldman Sachs says buy NVDA stock as Street estimates are ...
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Tuesday, November 11th, 2008
CITIGROUP CUTS ESTIMATES ON GENERAL MOTORS Citigroup analyst Itay Michaeli says for General Motors (GM), he is widening $3.64 third quarter loss estimated to $5.30 loss largely to reflect GMAC's third quarter loss. He models a $4.8 billion cash burn, which he expects to largely be offset by a revolver ...
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Tuesday, November 11th, 2008
As the U.S. faces a serious economic downturn, many Americans are seeking out the cheapest possible option when buying necessities. Enter ultra-discounters like Dollar Tree (DLTR), 99 Cents Only (NDN), and Family Dollar Stores (FDO).All three retail chains have seen their stock prices surge this year, a rare bright spot ...
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Tuesday, November 11th, 2008
The U.S. election is over. The die is cast. The Democrats have won the White House. In addition, the party has increased its majority in Congress, even though it fell short of the filibuster-beating level. While some worry about a single-party government with a blank checkbook and little oversight, history ...
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