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WHAT’S ON TAP?
Sunday, April 25, 2010 - 3:04am | 941One third of the S&P 500 reports earnings this week, but the vast majority of the big market moving names have already reported. The week will be dominated by the FOMC decision on Wednesday and what is expected to be another strong GDP report on Friday. Let’s take a look at what’s on tap (in...
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Now Ford (F) Recalls Vehicles
Friday, April 23, 2010 - 4:50pm | 93Ford Motor Co. (NYSE: F) announced today that it will recall 33,256 of its vehicles to fix a problem related to front-seat recliners. According to the Wall Street Journal, the problem exists in the company’s 2010 models of Fusion and Mercury Milan sedans along with several Explorer, Explorer Sport...
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Morning Market Update (PEP, GMGMQ.PK, TM, C, GS, JPM, BAC, MS)
Thursday, April 22, 2010 - 11:42am | 365PepsiCo (NYSE: PEP) reported net income of $1.43 billion, or $0.76 a share, on revenues of $9.37 billion, marking a rise from the profits of $1.14 billion, or $0.71 a share, on revenues of $8.26 billion the previous year. Analysts surveyed by Thomson Reuters were expecting earnings of $0.75 a share...
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Apple Revolution (NASDAQ:AAPL)
Wednesday, April 21, 2010 - 4:36pm | 1036In economics, “disintermediation” refers to “the removal of intermediaries in the supply chain.” Today, Apple (NASDAQ:AAPL) released their quarterly earnings numbers, absolutely blowing away Wall Street estimates. The company reported EPS of $3.33 compared to consensus estimates of $2.45. In the...
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Apple Revolution (NASDAQ:AAPL)
Wednesday, April 21, 2010 - 4:36pm | 1036In economics, “disintermediation” refers to “the removal of intermediaries in the supply chain.” Today, Apple (NASDAQ:AAPL) released their quarterly earnings numbers, absolutely blowing away Wall Street estimates. The company reported EPS of $3.33 compared to consensus estimates of $2.45. In the...
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Americans Prefer U.S Cars – Poll Finds
Wednesday, April 21, 2010 - 1:00pm | 224According to an Associated Press article, Americans, for the first time in years, believe that U.S. auto companies are making higher quality vehicles than Asian companies. The findings were in a a new Associated Press-GfK Roper Public Affairs and Media poll. The poll, conducted in March, found...
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US Stock Futures Rise Marginally Even As GS Is Hit By A Fresh Investigation
Tuesday, April 20, 2010 - 8:46am | 356US stock market futures moved up slightly today, even as nervous investors absorbed reports of a fresh investigation into Goldman Sachs (NYSE: GS) just ahead of the results. While futures for the Dow Jones Industrial Average gained 11 points to 11055, those for the S&P 500 added 1.4 points to...
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Toyota Motor Co. (TM) To Pay Fine To U.S. Safety Regulators
Monday, April 19, 2010 - 12:26pm | 128Japanese auto maker Toyota Motor Corp. (ADR) (NYSE: TM) said today that it will pay a fine of $16.4 million to safety regulators in U.S. The fine is being paid by the company to settle claims that it had not recalled its vehicle in time after complaints about defective accelerator pedals. However,...
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Will Crude Oil Continue To Drop?
Monday, April 19, 2010 - 12:00pm | 1833Will Crude Oil Continue To Drop? Over the past week, Crude Oil saw an extremely volatile session. After peaking at $86.60 a barrel, crude oil sharply dropped and is currently trading at $83.30 a barrel. At the same time, the Dollar is correcting losses against the Euro and the two trends seem to be...
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Will Crude Oil Continue To Drop?
Monday, April 19, 2010 - 12:00pm | 1833Will Crude Oil Continue To Drop? Over the past week, Crude Oil saw an extremely volatile session. After peaking at $86.60 a barrel, crude oil sharply dropped and is currently trading at $83.30 a barrel. At the same time, the Dollar is correcting losses against the Euro and the two trends seem to be...
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Toyota’s Quality Problems Are Helping Ford
Saturday, April 17, 2010 - 1:07am | 564When it rains, it pours. Things just keep getting worse and worse for Toyota. On Friday Toyota Motor Corp. (TM)recalled 600,000 Sienna minivans due to rusting spare tire cables. This is just the latest in a series of recalls for the Japanese automaker. In 2009 Toyota recalled millions of Toyota...
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Toyota (TM) May Continue With U.S Discounts
Friday, April 16, 2010 - 9:25pm | 319Bloomberg reports that according to industry analysts, Toyota Motor Corp. (ADR) (NYSE: TM) may continue to offer discounts in the U.S. for months to lure buyers as the Japanese auto maker looks to recover its reputation, which was dented by the vehicle recall issue. The no-interest loans and...
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Toyota Motor Corp. (TM) Recalls Sienna Minivans
Friday, April 16, 2010 - 6:54pm | 108The Wall Street Journal reports that Japanese auto maker Toyota Motor Corp. (ADR) (NYSE: TM) has announced today a voluntary recall of 600,000 Sienna minivans. The vehicles have been recalled on concerns that the spare tire could possibly fall on the road and pose a risk to other vehicles. In a...
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Fast Money Picks For April 16th (FST, SONC, GLW, F)
Thursday, April 15, 2010 - 6:55pm | 187Tim Seymour suggested on CNBC's Fast Money that investors should buy Forest Oil Corporation (NYSE: FST) tomorrow. Forest Oil Corporation (FST) opened sharply up today, but sellers soon prevailed and it closed 0.99% down, at $26.99. Joe Terranova thinks that Sonic Corporation (NASDAQ: SONC) should...
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Afternoon Market Update – Morgan Stanley (NYSE:MS), Bank of America (NYSE:BAC), Ford (NYSE:F), Sirius (NASDAQ:SIRI), TD Ameritrade (NASDAQ:AMTD), E*Trade (NASDAQ:ETFC)
Thursday, April 15, 2010 - 12:28pm | 896Morgan Stanley (NYSE:MS) investment firm has announced a prediction for Bank of America (NYSE:BAC), predicting the American megabank’s stock is poised to rise. The price of the stock, according to Morgan Stanley’s note written to clients on Tuesday, is set to increase during the next 45 days after...