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American Express On Firm Footing (AXP)
Friday, January 22, 2010 - 1:52pm | 100Analysts at Citigroup Global Markets have reiterated a Buy rating on American Express (NYSE: AXP) with a price target of $48. American Express reported a Q4 EPS from continuous operations of $0.59 beating consensus estimates of $0.57. Billed business growth was healthy at 8% on a year on year...
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Solid Earnings Reports Fail To Support US Stock Futures
Friday, January 22, 2010 - 9:28am | 176US stock futures have moved lower in early trading, despite several large cap companies reporting earnings after last night’s close and early this morning. While futures for the Dow Jones Industrial Average reversed gains earlier in the day to lose 12 points to 10326, those for the S&P 500...
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Mad Money Lightning Round: Cramer Favors GOOG, WMT, INTC, S, ERTS; Shows Dislike For AMD, SLM, PCS, GME
Friday, January 22, 2010 - 9:07am | 254In his "Mad Money Lightning Round," Jim Cramer said that he had reduced the target price for GOOG just because of the China issue. However, all the growth metrics are there in GOOG and that he would buy a little at this time. GOOG lost 3.21% to $564.27 in pre-market trading. Jim expressed his...
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American Express Beats Estimates (AXP)
Thursday, January 21, 2010 - 5:31pm | 121American Express (NYSE: AXP) released quarterly results after the bell today. The company reported EPS of 59 cents per share which was ahead of Wall Street estimates which came in at $0.57. Revenue was just slightly less than the year ago period, at $6.49 billion. Analysts were only expecting...
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SLM Stock To Benefit From Increased Political Clarity
Thursday, January 21, 2010 - 1:25pm | 127Analysts at FBR Capital Markets reiterate their “outperform” rating on SLM Corporation (NYSE: SLM). The price target for SLM is set to $15. SLM reported its earnings ahead of expectations. The analysts believe that although “more political clarity is needed before the stock can truly perform, that...
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Stock Market News for January 21, 2010 - Market News
Thursday, January 21, 2010 - 10:26am | 554Disappointing earnings reports in the U.S. and concerns that a tighter lending in China would hurt the global economic recovery led to a broad sell-off on the Street Wednesday. A stronger dollar hurt commodities, sending energy and material companies lower. Investors also had their focus on an...
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Earnings Round-up For January 20 (MS, BK, NTRS, COH, STT, SLM, PGR, MI, HCBK, MTB, EBAY, SBUX, STX)
Thursday, January 21, 2010 - 8:35am | 792It was a day when financials ruled, with companies like Bank of New York Mellon, Bank of America and Morgan Stanley reporting their earnings. The earnings reported before the bell are: Morgan Stanley (NYSE: MS): The financial services firm reported $0.14 a share of continuing operating earnings on...
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Sallie Mae Reports Profit (SLM)
Wednesday, January 20, 2010 - 5:40pm | 87SLM Corp. (NYSE: SLM) reported a fourth-quarter profit of $309 million versus a loss of $216 million in the year ago period. This worked out to earnings per share of 52 cents versus analysts' estimates of $0.44. In the after hours, SLM is trading 0.58% lower after posting strong gains in the...
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Rating Downgraded For Capital One Financial (COF)
Wednesday, January 20, 2010 - 1:31pm | 108Ladenburg Thalmann lowered the rating for Capital One Financial Corp. (NYSE: COF) to Neutral due to increased concerns about a potential spike in US Card net charge-offs in 1Q10, which is supported by the analysis of delinquency roll-rates. The firm however maintained the price target of $45. The...
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Company News for January 20, 2010 - Corporate Summary
Wednesday, January 20, 2010 - 10:26am | 208• Bank of America (NYSE:BAC) reported a larger-than-expected fourth quarter loss of 60 cents a share ahead of Zacks expectations of 54 cents a share versus a 48 cents year-ago loss. Revenues rose 59%, helped by the Merrill acquisition, to $25.4 billion. Increased credit costs, lower net income...
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Capital One Prospects Look Bright (COF)
Tuesday, January 19, 2010 - 11:10am | 99Analysts at Macquarie have reiterated an Outperform rating on Capital One Financial Corporation (NYSE: COF). Capital One is expected to report its 4Q earnings on Thursday January 21st. It is expected to report slight revenue compression this quarter partly due to the Card Act which limits re-...
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Stock Market News for January 19, 2010 - Market News
Tuesday, January 19, 2010 - 10:01am | 543A day after closing at their multi-month peak, U.S. stocks registered their worst one-day decline of the year on Friday as concerns ranging from China’s move to curb bank lending to JP Morgan’s rising loan losses had investors selling shares. An unsatisfying reading on consumer sentiment also...
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Bookkeeping: Weekly Changes to Fund Positions Year 3, Week 24
Monday, January 18, 2010 - 4:21pm | 4125Year 3, Week 24 Major Position ChangesTo see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'.Cash: 48.3% (v 34.9% last week)26 long bias: 50.4% (v 64.5% last week) [Includes 1 option position]2 short bias: 1.3% (v 0.6% last week) 28...
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Reviewing Recent Sales
Friday, January 15, 2010 - 4:10pm | 1660Thought it would be helpful to review positions we have exited over the past 3-4 weeks to see how they have done since we left. Almost all of these (perhaps all) were sold due stocks that had broken support, and I believed better near term money making opportunities could be found somewhere else...
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Capital One Financial Corp’s. (COF) Credit Card Charges Rise To Double Digits
Friday, January 15, 2010 - 12:20pm | 103Capital One Financial Corp’s. (NYSE: COF) credit-card charge-offs rose to double digits in December, showing that consumers became increasingly stressed in the holiday shopping month. Capital One Financial Corp and many others have been struggling with credit concerns as the weak economy and high...