It takes all kinds to make a world. Trip Chowdhry of Global Equities Research may not be very bright, but he is intrepid. According to an account in Barron's, the analyst thinks Google's (GOOG) revenue will drop for each of the next two years. "He sees the company posting revenues of $15.71 billion this year, $15.23 billion next year and $14.57 billion in 2010, with profits of $19.44 a share th...
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Marvell (MRVL) this afternoon told investors on a post-earnings conference call that it expects to report revenue for its fiscal fourth quarter ending in January of $690 million to $730 million, short of the Street consensus of $736.7 million. That is down 14%-18% versus a year earlier, and off 8%-13% sequentially. The company expects non-GAAP profits for the quarter of 14-20 cents a share. The...
Click charts to ENLARGE.Pivot Points for some asset allocation choices for Wednesday__________________________________________________________Most divergent stocks/ETFs from the 100 MUST CHARTS from the 50 period average________________________________________Terex (TEX)...trying to change character? Long TEX call spreads (March).________________________________________________________BIDU feel...
Rob Curran reports: The quote for the Nasdaq Composite index was frozen for 48 minutes on platforms, screens, Web sites and other sources because of a glitch at the exchange’s index arm Tuesday. The Nasdaq Composite was up 18.13, or 1.3%, at 1416.2 for 48 minutes. A spokesperson for Nasdaq OMX Group said the freeze began at 3:07 p.m. and was resolved at 3:55 p.m. The Nasdaq finished up 51...
Excel Maritime (EXM) Bad period for shipping business. Falls to $3.25 from 52-week high of $60.99. Xenoport (XNPT) New drug fails in study. Drops to $17.90 from 52-week high of $66.34. Sierra Wireless (SWIR) Will be buying Wavecom. Wall St. hates deal. Falls to $5,42 from 52-week high of $21.18. Palm (PALM) Smartphone also-ran revised quarter down. Falls to $1.14 from 52-week high of $8.94. Dou...
Options traders have descended on the smart phone sector Tuesday, with heavy activity in Research in Motion, Nokia and Palm, following poor earnings by the latter, and news of an introduction of Nokia’s entrée into this market. Research in Motion’s options were the most actively traded. The stock was getting hit, down 7.5% after Palm reported less-than-stellar results for its most r...
Filed under: Rants and raves, Money and Finance Today, Wachovia Corp (WB), Wells Fargo (WFC), Chasing Value, Stocks to Buy, Best Stocks for 2008This has been a terrible year for financial institutions. However, Wells Fargo (NYSE: WFC) has been able to make it through the obstacle course better than most.The stock has been up and down with the market but the scandals and large write-downs that h...
Filed under: Good newsIt must be something in the water in Bentonville, Arkansas. The tiny town is home to Wal-Mart (NYSE: WMT), of course, but also the less famous America's Car-Mart (NASDAQ: CRMT), which operates 92 used car dealerships in the South-Central United States.While the auto industry is mired in the biggest downturn in its history, America's Car-Mart is posting some pretty impressi...
The skyrocketing value of commodities sliced into profits at many a corporation in early 2008, as companies suddenly found raw materials costs had doubled or tripled. But anyone who responded to that by trying to hedge against a repeat of that is going to be hit again — this time on the way down. Already, several major corporations have taken hedging-related losses in the third quarter as...
Filed under: Products and services, Hewlett-Packard (HPQ), Best Buy (BBY), Black Friday Dell Inc. (NASDAQ: DELL) came in second to global PC sales leader Hewlett-Packard Co. (NYSE: HPQ) during the Black Friday shopping frenzy and the ensuing weekend, according to analyst firm Thomas Weisel Partners. The report, however, analyzed sales only at a single retailer, Best Buy Co. (NYSE: BBY).Thomas W...