In this environment it’s best to take things slow says David Henderson, floor broker for Raven Securities. … [visit site to read more] Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content.
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Marvell (MRVL) this afternoon posted revenue for its fiscal third quarter ended November 1 of $791 million, with non-GAAP profits of 23 cents a share. The Street had expected the chip maker to post $793 million and 21 cents. In a statement, CEO Sehat Sutardja said that while results were in line with expectations, “we continue to experience limited visibility into the near-term demand for...
Upon reflection, the odd thing about the past ten years is how I have felt about the market through much of this time. And my dominant feeling for the majority of the past ten years, depending on the market, has been “Wow, this market sure is stupid.”
Voice of America Africa's Largest Coffee Producer Revamps Trading SystemVoice of America- 1 hour ago2008 It is the opening bell on the opening day of coffee trading on Ethiopia's fledgling commodity exchange. And it is busy. Since all coffee trading must … Written by "futures trading" - Google News and Powered by WordPress
J.P. Morgan analyst Paul Coster today trimmed his profit forecasts for Research In Motion (RIMM) to reflect his view that “consumer and enterprise sales will be slower than originally forecast, owing to a global economic downturn.” Nonetheless, he says the stock is still too cheap, and repeats his Overweight rating. Coster still sees the company posting results for the fiscal third ...
Filed under: General Electric (GE)Remember how admired General Electric (NYSE: GE) used to be? After its stock has tumbled 71% from its all-time high in 2000 of $58.13, I don't think people admire it much anymore. You may have missed that GE got $139 billion in loan guarantees from the FDIC a few weeks ago but nobody blinked an eyelash. Meanwhile today, GE is reporting more disappointing earnin...
Multinational corporations, for several quarters, saw their earnings grow as a result of the weakness of the U.S. dollar. Since the dollar reversed course and began to strengthen in the mid-summer, this advantage has eroded. After reporting third-quarter earnings, the guidance issued by many multinational companies was based on certain assumptions of the dollar’s strength. Some of those c...
Cell Phones: Oppenheimer Sees Q4 Units Flat Vs. Q3; Cuts ‘09 View; Trims Ests On MOT, NOK, RIMM, RFMD, CELL
Tue, Dec 2, 11:28 AM ET
Conditions in the global handset market continue to deteriorate, according to Oppenheimer analyst Ittai Kidron. Kidron now sees global handset sell-in for Q4 of 315 million units, flat with Q3, and below the recent Nokia forecast of 330 million units. He says that checks find production cuts by OEMs, inventory reduction by carriers and weaker sell through in most regions, especially in November...
Goldman Sees ‘09 GDP Down 1.6%, IT Spend Down 4%; Cuts Targets, Estimates On A Zillion Software Stocks
Tue, Dec 2, 10:48 AM ET
Goldman Sachs has sliced its estimates and price targets on most of the enterprise software companies it covers to reflect a more dire outlook for the U.S. economy and IT spending. In a research note, Goldman’s Sarah Friar notes that the firm’s economics team now sees real GDP shrinking 5% in Q4 and 1.6% in 2009, worse than their previous forecast of down 3.5% and down 0.8%. Goldman...
If you were counting on gold to boost your returns this year, chances are you’ve been cruelly disappointed. In fact, when it comes to gold-related investments, virtually every category is down, making this one of the worst years in history for gold investors. So, why is it that the largest of the large futures traders have some of the lowest net short positions in years? And what does thi...