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...
General Motors Inc. is sort of the anti-Ross Perot, the company that informs you that no matter what the circumstance, it still needs a boatload of money just to make getting up in the morning worth it. The automotive giant (ish) asked for $18 billion in federal loans, one-and-a-half times the size of what it asked for a few weeks ago, amid a 41% decline in auto sales in November. But the thin...
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...
Closing Bell: Markets bounce after yesterday's sell-off; BA, F, GE, DOW all up, GS down
Tue, Dec 2, 4:22 PM ET
Filed under: After the bell, General Electric (GE), Ford Motor (F), Market matters, Boeing Co (BA), Goldman Sachs Group (GS), Dow Chemical (DOW)Equities managed a comeback after yesterday's huge sell-off. Today was on little economic data, but "less bad" data from companies helped as well as overseas markets stabilizing before U.S. traders woke up this morning. We also did not see the continued...
Shares of Palm Inc. plunge to a new record-low after the wireless device maker’s warning of a drop in revenue underscored concerns about the company’s viability. The stock got a boost from the market upswing late in the day, which erased the earlier losses.
GM (GM) distributed its turnaround plan to Congress. It was almost exactly what the market expected, but it fudges one key issue, which is what happens to the company's finances if it loses a great deal more market share. According to the firm, "GM is seeking a term bridge loan facility from the Federal government of $12 billion to cover operating requirements under a baseline forecast of 12 mi...
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.”
Late-traded shares of General Motors Corp. move higher after the automaker submits its long-term business plan to U.S. lawmakers as it works to secure federal loans to keep afloat and eventually return to profitability.