-
Zings Of The Day July 19, 2011
Tuesday, July 19, 2011 - 3:38pm | 145Borders Group canceled an upcoming bankruptcy auction and will close its doors for good, as it liquidates. The final chapter is titled "End game." Or 50% off. Whichever works for you. Bank of America Corporation (BAC) today reported a net loss of $8.8 billion, or $0.90 per diluted share....
-
Will AAPL Succumb to Gravity? 07-19-2011
Tuesday, July 19, 2011 - 3:21pm | 1030Cusick's Corner GS reports bad numbers, the market goes up -- that is strong. Finance continues to lag the market, but one thing that traders and investors cannot ignore is that when rates do move, money will cycle into this sector. At this stage the conviction is in Tech and traders are waiting...
-
Trade Alert: Markets Rally As Fear Fades
Tuesday, July 19, 2011 - 12:14pm | 206The markets are in rally mode as fear is fading around the globe. Earnings are giving investors a fresh reason to buy the markets and the Dollar is dropping. Yesterday, International Business Machines Corp. (NYSE: IBM) reported solid quarterly results. This morning, more great reports emerged from...
-
Tuesday's Mid-Day Options Volume Leaders
Tuesday, July 19, 2011 - 12:10pm | 84Here are today's mid-day options volume leaders… 1. Bank of America (NYSE: BAC) 527,458 contracts, 67.2% calls, 32.8% puts 2. Apple Inc. (NASDAQ: AAPL) 229,271 contracts, 68.2% calls, 31.8% puts 3. Microsoft Corp. (NASDAQ: MSFT) 96,035 contracts, 56.4% calls, 43.6% puts 4. International Business...
-
SunTrust Banks Earnings Preview: Revenue, Earnings Expected to Fall from Previous Quarter
Tuesday, July 19, 2011 - 11:37am | 618It's time to get ready for SunTrust Banks (NYSE: STI) earnings! Don't be caught off-guard: The company releases its next round of earnings this Friday, July 22, 2011. Need to brush up a bit ahead of Friday's announcement? We've got just the thing. Here's your essential guide to SunTrust Banks'...
-
Some Financial Stocks See Sunlight
Tuesday, July 19, 2011 - 11:02am | 245This morning, some of the leading financial stocks have caught bids higher and some are still looking like fish out of water. Goldman Sachs Group Inc.(NYSE: GS), and Bank of America Corp.(NYSE: BAC) both reported earnings today before the opening bell. These two financial giants have been very weak...
-
Deutsche Bank Comments on Bank of America
Tuesday, July 19, 2011 - 9:47am | 103Deutsche Bank has published a company alert on Bank of America (NYSE: BAC). In the report, Deutsche Bank wrote, "Consistent with BAC's preannouncement from the other week, 2Q results were a loss of $0.90. Excluding a number of items BAC points to, EPS was $0.33--which included $2.4b of reserve...
-
Earnings Roundup
Tuesday, July 19, 2011 - 9:01am | 896Harley-Davidson Inc (NYSE: HOG) reported a strong rise in its second-quarter net income and lifted its forecast of shipments for the full year. HOG's quarterly profit increased to $190.6 million, or $0.81 per share, from $71.2 million, or $0.30 per share, in the year-ago quarter. Its revenue...
-
Goldman Sachs Earnings Prove Detrimental, But Not All Banks Are Taking a Hit
Tuesday, July 19, 2011 - 8:48am | 325Goldman Sachs (NYSE: GS) reported disappointing earnings this morning, with a Q2 EPS of $1.85 vs. $2.27 and revenues of $7.28 billion vs. $8.14 billion. This news comes just one day after Goldman Sachs hit a new 52-week low at $128.29. Following today's announcements, the company's shares continued...
-
News Summary for July 19, 2011
Tuesday, July 19, 2011 - 7:53am | 601This is your Benzinga news summary and traders' outlook for Tuesday, July 19, 2011, covering headlines from overnight and Tuesday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading higher after several blue-chip companies reported positive quarterly...
-
A Peek Into The Market Before The Trading Starts
Tuesday, July 19, 2011 - 7:35am | 380Pre-open movers US stock futures are higher this morning, as investors are awaiting quarterly earnings from major companies. Futures on the Dow Jones Industrial Average surged 68 points to 12,396.00 and futures on the S&P 500 stock index rose 8.30 points to 1,308.70. Nasdaq 100 futures gained...
-
UPDATE: Bank of America Posts Q2 Net Loss of $8.8B
Tuesday, July 19, 2011 - 7:31am | 74Bank of America Corp (NYSE: BAC) released its results for the second quarter on Tuesday. Bank of America posted a quarterly net loss of $8.8 billion, or $0.90 per share, versus a net income of $3.1 billion, or $0.27 per share, in the year-ago period. Its adjusted net income came in at $0.33 per...
-
US Stock Futures Up As Investors Await Earnings Reports
Tuesday, July 19, 2011 - 6:26am | 417US stock futures are higher this morning, as investors are awaiting quarterly earnings from major companies. Futures on the Dow Jones Industrial Average surged 71 points to 12,399.00 and futures on the S&P 500 stock index rose 8.30 points to 1,308.70. Nasdaq 100 futures gained 15.75 points to 2...
-
Earnings Scheduled For July 19
Tuesday, July 19, 2011 - 3:20am | 474Harley-Davidson Inc (NYSE: HOG) is projected to report its Q2 EPS at $0.71 on revenue of $1.26 billion. Yahoo! Inc (NASDAQ: YHOO) is projected to report its Q2 earnings at $0.18 per share on revenue of $1.11 billion. Bank of America Corporation (NYSE: BAC) is expected to post a Q2 loss at $0.90...
-
Fast Money Picks For July 19th (JPM, IPI, LVS, TGT, SWN, CNX)
Monday, July 18, 2011 - 7:43pm | 279On CNBC's Fast Money, Scott Nations suggested that investors should buy a call calendar in JPMorgan Chase & Co. (NYSE: JPM) on Tuesday. JPMorgan Chase & Co. (JPM) fell 0.38% on Monday, and closed at $39.83. Brian Kelly thinks that Intrepid Potash, Inc. (NYSE: IPI) is a buy. He is...