Costco Wholesale (COST, $53.37, down $0.32) is recovering from its morning low of $50.70 after reporting a 1% gain in same-store sales for the quarter. The company earned $263 million, or $0.60 a share, compared with $262 million, $0.59 a share, a year ago. Revenue came in at $16 billion,Read more
Earnings: COST, KKD, LULU and a Nike Trade
Market Flat Despite Unemployment Claims
Yahoo Shareholder Urges Sale
Yahoo (YHOO, $12.83, up $0.64) is trading higher this morning after one of the company’s largest shareholders has made a plea for the company to pursue a sale of its search unit to Microsoft (MSFT, $20.77, up $0.17). Ivory Investment Management owns a little over 21 million shares of Yahoo,Read more
Ford And General Motors Get Wish
After rubbing the genie bottle for weeks, the auto companies will likely get their wish finally granted to them. The market has opened higher after reports that the White House and congressional Democrats have finally reached an agreement in principle on a $15-billion bailout plan. Shares of Ford Motor (F,Read more
DryShips Continues Push Higher
Trading just got underway and DryShips (DRYS, $8.75, up $1.58) is surging another 20%. I mentioned the stock yesterday morning and how the bulls were pushing the stock higher. Some of this may also be short-covering as DryShips has gotten hammered so low that the shorts are now being forcedRead more
Market All Smiles
The market powered higher on Monday following news that President-elect Obama will increase infrastructure spending to lift the economy once he takes the keys to the White House. The Dow blasted though the all-important 9,000 barrier but closed slightly below this level. Still, its 300-point gain to 8,934 put theRead more