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Intel (INTC) To Cruise On Semiconductor Recovery
Monday, January 25, 2010 - 2:27pm | 140Analysts from Oakmark and UBS Securities (NYSE: UBS) have zeroed in on Intel (NASDAQ: INTC) as one of the most attractive large holdings available. The computer-chip giant has rebounded strongly from the recession, and will benefit from the PC-upgrade cycle as well as the introduction of new, more...
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Barclays (BCS) To Defer Bonuses Up To 3 Years
Monday, January 25, 2010 - 11:16am | 153The Financial Times reports that Barclays (NYSE: BCS) is planning to defer paying bonuses, up to 100% for its top staff, in an attempt to smooth over controversial pay issues. Deferment could amount to anything from 50% to 100% of the bonus amount for a period of three years. Credit Suisse (NYSE:...
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Company News for January 22, 2010 - Corporate Summary
Friday, January 22, 2010 - 9:27am | 228• Air Products (NYSE:APD) reported fiscal first quarter earnings of $1.16, two cents higher than anticipated, on inline revenues of $2.2 billion, off 1% from a year ago • BB&T (NYSE:BBT) posted fourth quarter results of 27 cents, 6 cents better than expected • GE (NYSE:GE) beat estimates by 2...
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Widening Of Corporate Spreads As Obama Plans To Curb Trading By Banks (BAC, MS, UBS)
Friday, January 22, 2010 - 8:53am | 139Bloomberg reports that many US corporate bonds seem to have stopped in their tracks even as President Obama determined to curb trading by banks. This was in the backdrop of fears and worries about the economy. The Bank of America Merrill Lynch Corporate & High Yield Master Index indicated that...
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Company News for January 21, 2010 - Corporate Summary
Thursday, January 21, 2010 - 9:29am | 337• eBay (NASDAQ:EBAY) reported fourth quarter earnings of 44 cents a share, 4 cents better than expected, on revenues of $2.37 billion, which topped projections of $2.28 billion. According to CEO Donahoe, "We delivered a strong fourth quarter with double-digit revenue growth driven by exceptional...
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Trading Idea: HFF Inc. (HF) On The Verge of Complete Breakout Pattern
Wednesday, January 20, 2010 - 3:14pm | 171It may be a little pre-emptive, but with HFF Inc. (NYSE: HF) on the verge of completing the handle portion of a cup and handle pattern, the time to step in may be sooner than later. Why? Stocks tend to accelerate pretty quickly once the barrier’s been broken. In this instance, the chart’s renewed...
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Stock Market News for January 20, 2010 - Market News
Wednesday, January 20, 2010 - 9:23am | 492U.S. stocks rebounded Tuesday, with healthcare shares leading the charge as speculation grew results of an election in Massachusetts would make the passage of the healthcare bill difficult. Technology shares also rallied ahead of bellwether IBM’s earnings. If Democrats fail to win the seat of...
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JPMorgan To Buy RBS Sempra? (JPM, RBS, DB)
Wednesday, January 20, 2010 - 6:16am | 142JPMorgan (NYSE: JPM) has entered into exclusive talks to buy the RBS Sempra (NYSE: RBS) commodities joint venture, in a deal expected to be worth about $4 billion. JPMorgan, Deutsche Bank (NYSE: DB) and Australia's Macquarie had each submitted offers worth nearly $4 billion for the RBS Sempra unit...
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Big Move In Ciena Corporation (CIEN)
Tuesday, January 19, 2010 - 12:20pm | 93Credit Suisse (NYSE: CS) cited revenue growth and improved operational leverage in upgrading Ciena Corporation (NASDAQ: CIEN) to Outperform today. The stock has appreciated 9.61% to $12.75 on the back of this upgrade. Ciena Corp. (CIEN) has a market cap of $1.17 billion. According to Google...
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Company News for January 19, 2010 - Corporate Summary
Tuesday, January 19, 2010 - 9:07am | 305• After months of wrangling over price, Kraft (NYSE:KFT) raised its bid to $19.5 billion and Cadbury’s (NYSE:CBY) board recommended its acceptance • Tyco (NYSE:TYC) plans to buy Brink's Home Security (NYSE:CFL) for $2 billion, with Tyco paying $42.50 in cash and stock • Tyco (NYSE:TYC) yesterday...
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Time Warner Cable Inc. (TWC) 4Q09 Preview
Friday, January 15, 2010 - 2:46pm | 128Analysts at Credit Suisse (ADR) (NYSE: CS) have released a report on Time Warner Cable Inc. (NYSE: TWC). Analysts expect Time Warner Cable to announce return of capital in 1Q10 when the company announces its 4Q09 results. According to analysts, Time Warner has shown that it favors dividends over...
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Company News for January 15, 2010 - Corporate Summary
Friday, January 15, 2010 - 9:27am | 203• Intel (NASDAQ:INTC) bested buoyant estimates with final quarter earnings of 40 cents, beating Zacks estimates of 34 cents, versus 4 cents a year ago on revenues of $10.6 billion, ahead of Zacks expectations of $10.1 billion and last year's $8.2 billion. The firm also provided upside first quarter...
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Ford (F) Bonds Rise On The Back Of Highest Ratings Since ’07 (F, JPM, DB)
Friday, January 15, 2010 - 6:21am | 200Corporate credit quality is improving at the fastest pace in almost three years, underpinning the surge in bond sales as economies rebound. Moody’s Investors Service is upgrading more U.S. companies than it’s downgrading for the first time since the second quarter of 2007, according to data...
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Do Not Bank On The Investment Banking Sector (C, JPM, GS, BAC, CS)
Thursday, January 14, 2010 - 2:51pm | 212At a time when the pressure to separate retail and investment banking is growing, the investment banking sector is facing a disaster, with top-notch investment banks likely to post devastating results for Q4. Some of the investment banks that are expected to report grim earnings are Bank of America...
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Credit Suisse Looks for Growth in Businesses Other Than its Core Investment Banking Business (CS)
Thursday, January 14, 2010 - 11:20am | 109Credit Suisse (NYSE: CS) expects a huge growth in its private banking business because of strong asset inflows and stable interest margins. Credit Suisse’s CFO Renato Fassbind said that the bank is also equipped to face any regulatory changes in the banking industry which is so volatile at this...