Posts Tagged ‘wall street’

Retail Earnings Previews: Gamestop (GME), Sears Holding (SHLD) and Gap (GPS)

Posted by Michael on November 18th, 2009

wall-streetWe have three big name stocks due to report earnings tomorrow. Here is a quick glance at what Wall Street is expecting to see.

1. Gamestop (NYSE: GME): The video game retailer is due to report its third quarter numbers tomorrow morning before the opening bell. Analysts are expecting the company to show earnings of 30 cents per share. For the same period last year, the company had earnings of 34 cents per share. The stock is trading up 0.6% on the day.

2. Sears Holding (NASDAQ: SHLD): The retailer is going to be reporting its third quarter numbers tomorrow, and analysts are expecting to see a loss of $1.09. For the same period last year the company had a loss of 90 cents a share. The stock is trading down 1.2% on the day. The company will be reporting its numbers before the market opens.

3. Gap Inc. (NYSE: GPS): The clothing retailer is going to be reporting its third quarter results tomorrow, and Wall Street is looking to see the company show 44 cents per share. For the same period last year the Gap had earnings of 35 cents per share. The stock is trading down 0.8% in today’s market.

A big day for retailers, and will give us a better view of just how strong the current recovery actually is.

You can read more from Michael on AOL’s Bloggingstocks

If you enjoyed this post, get all our posts with our Email Feed!

Popularity: 2% [?]

Posted in After the Bell, Before the Bell, Earnings, Forecasts, Retailers Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , No Comments »

DOW closes over 10,000, some big names hit new highs: INTC, JPM, EMC

Posted by Michael on October 14th, 2009

bull.jpgThe DOW closed above the psychological 10,000 mark today for the first time in a year, and ended the day up 1.47% to 10,115.86.

The first time that the DOW rose above the 10,000 mark was all the way back in 1999, and at that time investors celebrated, and drank champagne, but this time it was not so much a reason to celebrate as a reason to relax a bit, as Wall Street continues to claw its way back from the lows set in March of this year.

It has been an impressive run for the DOW, which is now up 53% from the lows it set earlier this year. The market had a good day on the back of strong earnings from Intel Corp. (NYSE: INTC) and JP Morgan (NYSE: JPM).

A few stocks that hit new 52 week highs today include:

  • Intel Corp (NYSE: INTC): The company hit a high of $21.27 and closed the day up 1.6% at $20.83. The company reported 33 cents per share, which was higher than the 28 cents that analysts had been expecting to see.
  • JP Morgan (NYSE: JPM): JP Morgan hit a high of $47.47 on the day, and closed the session up 3.3% to $47.16, up $1.50. The company reported earnings of 82 cents per share for its third quarter, above analyst estimates for 52 cents a share.
  • EMC Corp. (NYSE: EMC): EMC set a new 52 week high today after the stock was upgraded this morning by Thomas Weisel to Overweight from Market Weight, and the broker raised its price target on the stock to $24 from $15. The stock hit a new high of $18.33 and closed today’s trading up 1.3% to $18.16, up $0.24.

Other big names hitting new highs today were Cisco Systems (NASDAQ: CSCO), Wyeth (NYSE: WYE), Merck (NYSE: MRK), and Goldman Sachs (NYSE: GS).

You can read more from Michael on AOL’s Bloggingstocks

If you enjoyed this post, get all our posts with our Email Feed!

Popularity: 2% [?]

Posted in After the Bell, Earnings, Major Moves Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , No Comments »

Wall Street has best week in 2 months

Posted by Michael on October 9th, 2009

wall-streetThe DOW closed at its highest in a year, as the market had its best week in the past 2 months, and snapping a two week losing streak.

For the week, the DOW was up 4%, with the Nasdaq and S&P both up an impressive 4.5%.

We got a couple pieces of good news today. The Commerce Department noted that the trade deficit fell by 3.6%, and we also got news that first time jobless claims fell last week to their lowest levels since January.

Major stocks hitting new 52 week highs were: Cisco Systems (CSCO), International Business Machines (IBM), Brocade (BRCD), Target (TGT), Schering Plough (SGP) and Pier One (PIR).

Today also marks the two year anniversary of the DOW’s all-time closing high of 14,165 on Oct. 9, 2007.

You can read more from Michael on AOL’s Bloggingstocks

If you enjoyed this post, get all our posts with our Email Feed!

Popularity: 1% [?]

Posted in After the Bell, Good News, Market Updates Tags: , , , , , , , , , , , , , , , , , , No Comments »

PepsiCo (PEP) earnings preview

Posted by Michael on October 8th, 2009

pepsiSoft drink giant PepsiCo (PEP) will get its turn to impress Wall Street in the morning when it reports its third quarter earnings numbers.

The last time that the company reported earnings was back on July 22 when it outpaced analyst estimates by 2 pennies with a reported $1.02 per share for its second quarter.

Going into tomorrow’s report analysts are looking for the company to show earnings of $1.02 per share. Should the company beat analyst estimates, it would mark the fourth straight quarter that the company was able to surprise to the upside.

PepsiCo recently announced a major $7.8 billion deal to acquire 2 of its main bottlers in an attempt to cut costs, and get new products to the market quicker.CEO Indra Nooyi stated that the deal is a major step to helping the company compete in a market where soda sales are falling.

The company has been facing a tougher market, as more consumers are drifting away from soft drinks and replacing them with healthier drinks such as juices and teas. One thing that has helped PepsiCo deal with the drop in soda sales has been its successful Frito-Lay food line.

Analyst take: Michael Branca, an analyst with Barclays Capital recently boosted his forecast for the quarter to $1.03, stating that he believes Frito-Lays sales will help offset falling soda sales.

You can read more from Michael on AOL’s Bloggingstocks

If you enjoyed this post, get all our posts with our Email Feed!

Popularity: 1% [?]

Posted in Earnings, Forecasts Tags: , , , , , , , , , , , , , , , , , , , , , 1 Comment »

First quarter ends on positive note

Posted by Michael on March 31st, 2009

The first quarter was a strange three months for the stock market. All the major indexes finished in the green to cap off a period that saw massive swings in both directions.

The DOW lost about 25% between the second week of January and early March, but has made up a lot of lost ground over the past couple of weeks, as investors are starting to believe that the worst is behind us. We have been getting a little encouragement in the form of consumer confidence rising a bit, some faith that Obama is going to be able to free up the credit market a little and help boost both the financial and automotive industries.

It is still unclear as to what shape the economy is really in at this time, and how quickly we can break out of the current recession, but investors have been expressing optimism the past couple weeks, and we will see just how strong that momentum is, and if we can carry it into the next quarter.

You can read more from Michael on AOL’s Bloggingstocks

If you enjoyed this post, get all our posts with our Email Feed!

Popularity: 2% [?]

Posted in After the Bell, Economy, Recession Tags: , , , No Comments »
« Older Entries