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23 hours ago — Zacks.com: Analyst Blog
We are continuing our Sell on Werner Enterprises, Inc. (WERN) as the shares are expensive on a fundamental basis, but raising our target price to $20. Second quarter EPS of $0.25 was down 15% year over year, but beat the consensus by a nickel and our $0.22 estimate, due to higher-than-exp...
23 hours ago — SchaeffersResearch
The Street was greeted with another deluge of tech-sector earnings after the close this evening, and the results can be broken down into the good, the bad, and the ugly.
The Good
Shares of Broadcom
(BRCM:
sentiment,
chart,
options)
rose more than 3% in after-hours activity on...
24 hours ago — SchaeffersResearch
After posting a gain of more than 10% during the regular session of trading, shares of E*Trade Financial
(ETFC:
sentiment,
chart,
options)
were halted in electronic trading just ahead of the company's second-quarter earnings report. For the quarter, ETFC posted a net loss of $94...
24 hours ago — Zacks.com: Analyst Blog
Taiwan Semiconductor Manufacturing Company (TSM) is one of the world's largest pure play foundries. March top and bottom-line results met consensus estimates. The majority of excess inventory in the channel has been worked through, and management has guided weaker capital expenditures in ...
Yesterday 3:28am — Zacks.com: Analyst Blog
Sohu.com Inc. (SOHU) is a leading online brand in China. The company reported blockbuster financial results for the first quarter of 2008. Both the company's revenue and earnings were significantly higher than market expectations because of strong growth in online games.
Gross margin of...
Yesterday 3:08am — SchaeffersResearch
I was just looking at the Wall Street Journal's Internet site and I found a story about XM Satellite Radio
(XMSR:
sentiment,
chart,
options)
and Sirius Satellite Radio
(SIRI:
sentiment,
chart,
options)
that focuses on the Federal Communications Commission's (FCC) rev...
Yesterday 3:05am — Zacks.com: Analyst Blog
Reinsurance Group of America (RGA) second quarter operating results came in at $1.71 per share, versus $1.31 per share in the year-ago period, as all operating segments contributed to solid earnings, with mortality experience rebounding from the 1Q08 level. We remain cautious with respect...
Yesterday 2:10am — Zacks.com: Analyst Blog
The growth potential of the solar industry as a whole - and Evergreen Solar Inc. (ESLR)in particular with a $3 billion contractual backlog - remains a compelling story. Capacity expansion and progress toward near-term break-even earnings make it one of the fastest growing alternative ener...
Yesterday 2:04am — Wang's Happy Trading Daily Posts
The market started out weak today, pressured by earnings from AAPL, TXN, and AXP. But, after the gap-down open, the market climbed all day and accelerated upwards into the close. AAPL traded down nearly $20 in the morning, and ended down only $4.27 at $162.02. One of our brilliant members, Make...
Yesterday 1:43am — Zacks.com: Analyst Blog
With a solid product portfolio, strong order bookings, and a large backlog position complementing revenue and earnings growth potential, DRS Technologies, Inc. (DRS is a leading supplier of defense electronic systems with exposure to the high-growth C4ISR area of the defense budget. Vario...
Yesterday 1:39am — SchaeffersResearch
Are you familiar with QLogic Corporation (QLGC)? If not, I think you should be, and here's why.
I have been following the stock since last fall when I wrote this piece - Is the Worst Now Behind QLogic Corporation (QLGC)?. In that post I said this - "Now that we have had a 'shakeout phase' an...
Yesterday 1:33am — SchaeffersResearch
XTO Energy
(XTO:
sentiment,
chart,
options)
shares are down about 10%, despite a stronger-than-expected second-quarter report. The company earned $575 million, or $1.11 per share, while revenue rose to $1.94 billion. Adjusted earnings came in at $1.07 per share. Analysts wer...
Yesterday 1:11am — Zacks.com: Analyst Blog
We maintain our Buy rating and the same valuation target for NTT DoCoMo, Inc. (DCM), the largest wireless service provider in Japan. The company commands approximately 50% of the Japanese cellular market. The introduction of discount-priced service plans progressed as DCM's customer churn...
Yesterday 12:50am — sabrient
REVERSAL OF FORTUNE July 22, 2008
By David Brown
Monday, July 21, 2008, 3:12 PM PDT
traderstalk@sabrient.com
Financials spiked higher last week after the market bottomed out in
capitulatory fashion on Tuesday. Better than expected earnings news
from a slate of bi...
Yesterday 12:48am — SchaeffersResearch
Wachovia Corporation
(WB:
sentiment,
chart,
options)
has effectively captured the Street's attention following its second-quarter earnings report. While the beleaguered bank confessed to a wider-than-expected loss, the shares are nonetheless 7% higher at midday.
The stock has a...
Yesterday 12:41am — SchaeffersResearch
We head into the second half of the session with a mixed market. The S&P 500 (SPX), Dow Jones Industrial Average (DJIA), and Nasdaq Composite (COMP) are flat while the Russell 2000 (RUT) gains more than 1%.
The sector action is also mixed. We have weakness in the Semiconductor HOLDRS (S...
Yesterday 12:29am — Zacks.com: Analyst Blog
BHP Billiton Ltd. (BHP)is the world's largest diversified resource company with operations in 25 countries. Notwithstanding the associated anti-trust issues, we believe a potential merger between BHP and Rio Tinto Plc (RTP) can deliver synergy benefits and offset rising operating costs, w...
Yesterday 12:08am — Zacks.com: Analyst Blog
Aon Corporation (AOC) will release its 2Q08 earnings results after the market closes on July 31, 2008. A conference call is scheduled for the next morning. First-quarter adjusted operating earnings from continuing operations came in at 71 cents per share, a nickel ahead of our estimate, s...
Yesterday 12:08am — SchaeffersResearch
The biotechnology sector is seeing a boost today, rounding out the list of the top five performing sectors for this afternoon. The good performance is due to earnings news from Biogen (BIIB), which posted strong second-quarter earnings, lifted by overseas sales of its multiple sclerosis drugs Avo...
Yesterday 11:55pm — SchaeffersResearch
In addition to a bevy of earnings reports, the market is also digesting some economic data from the housing and retail sectors. First up, the Office of Federal Housing Enterprise Oversight (OFHEO) reported that U.S. home values fell 0.3% in May, marking the twelfth drop during the past 13 month...
Yesterday 11:35pm — Zacks.com: Analyst Blog
We are maintaining our estimates on Wright Medical Group Inc. (WMGI), which reports earnings on July 28. The Securities and Exchange Commission's (SEC) informal investigation into the industry's foreign selling practices, along with the ongoing Department of Justice (DOJ) investigation, m...
Yesterday 11:15pm — Zacks.com: Analyst Blog
Boasting a track record of strong annual growth and a viable strategy, Buffalo Wild Wings (BWLD) is well positioned in our view to attain its annual 25% net income growth over the next three years. A key growth driver will be the company's ability to continue its recent improvement in com...
Yesterday 11:08pm — Zacks.com: Analyst Blog
JA Solar Holdings Co., Ltd. (JASO) is enjoying strong global demand for its PV cells. The growth potential for the solar industry as a whole is very promising. Going forward, JASO's growth story will be boosted by increasing demand for solar energy, ongoing capacity expansions and committ...
Yesterday 10:59pm — Condor Options
In another month of fast-moving, trending price action—one of the two worst scenarios for the Calendar Options strategy (the other being a plunge in implied volatility)—we were able to come away with only a small average loss. We played it cautiously from the beginning, expecting the resumption of...
Yesterday 10:14pm — SchaeffersResearch
It's been a rough couple of days for pharmaceutical giant Merck
(MRK:
sentiment,
chart,
options). After delaying its date in the earnings confessional yesterday, the company announced disappointing results regarding a study of cholesterol drug Vytorin a joint venture with Schering-Plou...