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It's the Earnings, Stupid
Friday, May 27, 2011 - 2:28am | 1028Source: MaxMillionaire.WordPress.com Political strategist James Carville famously stated, “It's the economy stupid,” during the 1992 presidential campaign. Despite a historic record approval rating of 90 by President George H.W. Bush after the 1991 Gulf War victory, Bush Sr. still managed to...
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Microsoft (MSFT): Time for new CEO?
Thursday, May 26, 2011 - 8:00pm | 127by Geoffrey Seiler, editor BullMarkets.com At the Ira Sohn Investment Conference, high-profile hedge fund manager David Einhorn of Greenlight Capital called for the firing of the CEO Ballmer of Microsoft (MSFT). "His continued presence is the biggest overhang on Microsoft's stock," Einhorn said....
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Microsoft (MSFT): Time for new CEO?
Thursday, May 26, 2011 - 8:00pm | 127by Geoffrey Seiler, editor BullMarkets.com At the Ira Sohn Investment Conference, high-profile hedge fund manager David Einhorn of Greenlight Capital called for the firing of the CEO Ballmer of Microsoft (MSFT). "His continued presence is the biggest overhang on Microsoft's stock," Einhorn said....
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Squeeze Trade 05-26-2011
Thursday, May 26, 2011 - 7:05pm | 934Cusick's Corner Sorry folks -- the Midday edition was not emailed but it is posted on the blog, www.xpoundblog.com. I did get some emails about what I meant when I said yesterday that the market looks like it will "pop." I was referring to the upside and that is what we saw into the After Hours....
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Disappointing Data 05-26-2011
Thursday, May 26, 2011 - 6:23pm | 865Cusick's Corner Stocks are trading mixed in the wake of disappointing economic data. A report released early Thursday showed Gross Domestic Product increasing at an annual rate of just 1.8 percent during the first quarter of this year. Economists were looking for an increase of 2 percent....
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Holiday Float Begins: How To Profit
Thursday, May 26, 2011 - 2:09pm | 390The markets are heading slowly north as predicted in my article yesterday. This is classic pre-holiday action caused by the Federal Reserve and their POMO, along with light volume and an overbought Dollar short term. The SPDR S&P 500 ETF (NYSE: SPY) is trading at $132.88, +0.49 (+0.37%) while...
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4 of Ballmer's Best Blunders at Microsoft
Thursday, May 26, 2011 - 1:50pm | 125(TheStreet) -- Why is Microsoft (NASDAQ: MSFT) CEO Steve Ballmer on the hot seat? Maybe it's the meandering trail of missteps that got him there. Let's consider the humble Windows Vista fiasco, the failed Yahoo! (NASDAQ: YHOO) takeover, maybe the recent Skype Hail Mary, and who can forget the...
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Quality Systems Falls After Earnings
Thursday, May 26, 2011 - 12:59pm | 94Shares of Quality Systems (NASDAQ: QSII) have been hit hard on Thursday. The stock has lost 4.30% and is currently trading at $84.94. The company reported fiscal Q4 net income of $18.55 million or $0.64 per share, versus $13.06 million or $0.45 per share in the year ago period. Wall Street analysts...
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Earnings Roundup For May 26
Thursday, May 26, 2011 - 8:40am | 1113H.J. Heinz Co (NYSE: HNZ) reported its fourth-quarter profit at $223.9 million, or $0.70 per share, up from $192.4 million, or $0.61 per share, in the year-earlier period. Its income from continuing operations climbed to $0.69 per share from $0.60 per share. Breaking out closing costs of $0.02 per...
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J.P. Morgan Maintains Overweight on Quality Systems
Thursday, May 26, 2011 - 8:22am | 111J.P. Morgan is out with its report today on Quality Systems (NASDAQ: QSII), maintaining Overweight. In a note to clients, J.P. Morgan writes, "QSII reported 4QF11 GAAP EPS of $0.64 vs our $0.60 est and consensus of $0.62. Revenue and gross profit were well ahead of our expectations, driven by...
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David Einhorn: "I'm Not A Homerun Hitter"
Thursday, May 26, 2011 - 8:02am | 731David Einhorn of Greenlight Capital spoke at the Ira Sohn Conference yesterday and gave a couple of investment ideas, and showed his love for baseball, by starting his presentation off with a quote from Ken Griffey Jr. and ended it with a "Let's go Mets" chant. Einhorn quoted Griffey to start by...
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Hedge Fund Titan David Einhorn to Microsoft CEO Steve Ballmer: Leave!
Thursday, May 26, 2011 - 6:26am | 203Hedge fund titan and notorious short-seller David Einhorn has an unsettling suggestion for Microsoft (NASDAQ: MSFT) CEO Steve Ballmer: Leave! Steve Ballmer is the only other CEO to run Microsoft besides Bill Gates. He has been criticized for the company's stagnant stock price and failed efforts in...
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Earnings Scheduled For May 26
Thursday, May 26, 2011 - 12:45am | 491Big Lots Inc (NYSE: BIG) is projected to report its Q1 earnings at $0.69 per share on revenue of $1.23 billion. Fred's Inc (NASDAQ: FRED) is expected to post its Q1 EPS at $0.24 on revenue of $485.05 million. Tiffany & Co (NYSE: TIF) is projected to report its Q1 EPS at $0.57 on revenue of $...
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Mad Money Lightning Round: Cramer Likes Annaly Capital, OpenTable
Thursday, May 26, 2011 - 12:39am | 223On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Google (NASDAQ: GOOG) is “taking a very long-term view and doing a lot of spending. People don't like that, which is why I'm no longer recommending Google." Cramer said that he is “not going to recommend Shanda Games (NASDAQ:...
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South African macro picture, rand remain vulnerable
Wednesday, May 25, 2011 - 4:07pm | 798With 500 blog entries now under our belt (salut!) we persevere onwards and reexamine South Africa, the impetus being Macro Man's recent roast–”to summarize, you have a labor market with excess supply and pockets of rapid wage inflation and your most profitable and export-friendly sector cannot seem...