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US Stock Futures Up; GE Earnings In Focus
Friday, July 22, 2011 - 5:27am | 441US stock futures are higher this morning, as investors are awaiting quarterly earnings from General Electric Co (NYSE: GE). The Eurozone leaders agreed on the form of the second Greek bailout. Futures on the Dow Jones Industrial Average surged 48 points to 12,738.00 and futures on the S&P 500...
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Earnings Scheduled For July 22
Friday, July 22, 2011 - 3:34am | 353General Electric Co (NYSE: GE) is expected to report its Q2 EPS at $0.32 on revenue of $34.72 billion. Schlumberger NV (NYSE: SLB) is projected to report its Q2 EPS at $0.85 on revenue of $9.17 billion. Verizon Communications Inc (NYSE: VZ) is estimated to report its Q2 EPS at $0.55 on revenue of...
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Running of the Bulls 07-21-2011
Thursday, July 21, 2011 - 6:18pm | 886Cusick's Corner Major markets continue to be in full bull mode while the debt talks continue. The Volatility Index (VIX) is down to 17.56 (see Index Trading) because the latest earnings-reporting season has been mostly upbeat. Merger mania is on -- pharmacy benefits management company Express...
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Rally Broad-Based 07-21-2001
Thursday, July 21, 2011 - 2:48pm | 971Cusick's Corner Stocks are up on earnings and Europe appears closer to a Greek bailout plan. This rally is broad-based; all sectors are in the green with Financials, XLF, and Energy, XLE, leading the pack. See you After Hours. Stocks are broadly higher with help from earnings and diminishing...
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What's Hot On TheStreet
Thursday, July 21, 2011 - 12:40pm | 262Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet Verizon Should Benefit from iPhone Demand Verizon (NYSE: VZ) is scheduled to report quarterly earnings before the market open on Friday. Investors will on the lookout for subscriber growth related to Apple's (...
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Bank of America Comments on Verizon
Thursday, July 21, 2011 - 8:23am | 123Bank of America has published a report on Verizon Communications (NYSE: VZ) as update nears. In the report, Bank of America wrote, "2011 guidance update We are looking for commentary with regard to 2011 EPS, margin, subscriber and capex trends. Guidance provided at YE2010 was predicated on the...
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AT&T Earnings: Comes Out Ahead of Expectations
Thursday, July 21, 2011 - 8:03am | 430AT&T (NYSE: T) announced its results for the most recent quarter on July 21, 2011. Let's take a closer look at the numbers and see what steps you can take. Earnings and Revenue: Wall Street watched as AT&T topped expectations with its latest EPS and revenue figures. The company reported...
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UPDATE: AT&T Reports 10% Decline In Q2 Net Income
Thursday, July 21, 2011 - 7:44am | 73AT&T Inc (NYSE: T) reported a 10% drop in its second-quarter net income. The company's earnings fell to $3.59 billion, or $0.60 per share, from $4 billion, or $0.67 per share, in the year-ago period. Its adjusted earnings came in at $0.60 per share. Its revenue rose to $31.5 billion from $30....
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AT&T Expects 2011 Capital Expenditures in the $20B Range
Thursday, July 21, 2011 - 6:39am | 44AT&T (NYSE: T) now expects capital expenditures in the $20 billion range for full-year 2011. Previously, the company expected capital expenditures in the low-to-mid $19 billion range. Free cash flow guidance remains unchanged, with expected growth over 2010 levels.
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Pharmacy Benefit Manager Express Scripts to Buy Medco for Staggering $29.1 Billion
Thursday, July 21, 2011 - 5:32am | 255Pharmacy benefit management company Express Scripts (NASDAQ: ESRX) has agreed to buy competitor Medco Health Solutions (NYSE: MHS) for $29.1 billion, making it one of the largest M&A deals of the year. Under the agreement, Medco stockholders will receive $71.36 per share, or more than a 20%...
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US Stock Futures Down As Investors Await Earnings Reports
Thursday, July 21, 2011 - 5:28am | 608US stock futures are lower this morning, as investors are awaiting earnings reports. Futures on the Dow Jones Industrial Average dipped 25 points to 12,482.00 and futures on the S&P 500 stock index fell 3.90 points to 1,317.40. Nasdaq 100 futures dropped 10.25 points to 2,371.50. US stocks...
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Stocks to Watch for Thursday 7/21/2011: Fresh 52 Week Highs and Lows
Thursday, July 21, 2011 - 4:36am | 2699Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Wednesdays's trading session (listed from highest total volume to lowest): 1) Nalco Holding (NYSE: NLC): Shares...
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Earnings Scheduled For July 21
Thursday, July 21, 2011 - 2:30am | 479Advanced Micro Devices Inc (NYSE: AMD) is expected to report its Q2 EPS at $0.08 on revenue of $1.58 billion. Pepsico Inc (NYSE: PEP) is projected to report its Q2 EPS at $1.21 on revenue of $16.41 billion. Eli Lilly and Company (NYSE: LLY) is projected to report its Q2 EPS at $1.17 on revenue...
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T-Mobile Says It's Confident AT&T Merger Complies with Antitrust Laws and Advances Public Interest
Wednesday, July 20, 2011 - 2:26pm | 128Tom Sugrue, T-Mobile senior vice president of Government Affairs, issued the following statement on Sen. Herb Kohl's (D-Wis.) decision to oppose the AT&T (NYSE: T)/T-Mobile transaction. "We are disappointed to learn of the position taken by Sen. Kohl on the proposed merger between AT&T and...
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Options Brief: Frontier Communications
Wednesday, July 20, 2011 - 11:13am | 71Shares of Frontier Communications (NYSE: FTR) are lower on the session by 1.09%, trading at $7.68. Overall call volume is now running at 2.63x the daily average, with 74% of all calls traded being purchases on the offer. 1,592 contracts have traded on the session so far. Frontier Communications...