With tax refunds hitting consumer pockets over the next few days and weeks, Wal-Mart (WMT, $57.96, up $0.61) could be the “Retailer of Choice” as people spend their rebates on the 800-pound discount gorilla. The company is offering to cash the checks for free and said no purchase will beRead more
The Perfect Storm for Wal-Mart?
Follow-Ups
10:00AM (MSFT, $28.69, down $0.30) and Yahoo (YHOO, $26.22, down $0.21) continue to trade lower today. Microsoft lost $0.84 yesterday while Yahoo fell $0.37. With no deal in place in only makes sense that both stocks have suffered. I can only imagine what Microsoft’s “war room” is planning next. AsRead more
Ford Continues to Rise
Ford Motor’s (F, $8.21, up $0.71) stock has been active over the past few trading sessions after better-than-expected earnings and news that billionaire Kirk Kerkorian will expand his stake in Ford to 5.6%. Last Thursday, Ford Motor said it recorded a $100 million profit which pushed the stock up 12%Read more
Tax-Refund Plays
Deal or No Deal?
The weekend has come and gone without a deal getting done between Microsoft (MSFT, $29.83) and Yahoo (YHOO, $26.80). Microsoft had given Yahoo’s board of directors until Saturday to agree to its proposal or face a the possibility of a tender offer and proxy battle. Although Microsoft hasn’t revealed itsRead more
Monday's Happenings
MasterCard (MA, $237.39) and Visa (V, $75.10) report earnings this morning. Both of these companies had huge IPO’s. MasterCard become public two years ago at $40 and is up six-fold since its debut. Visa went public March 19th and closed at $56.50 on its first day of trading. In early-morningRead more
Microsoft Disappoints, Share Fall
10:00AM Microsoft (MSFT, $29.95, down $1.85) dropped the ball on its latest earnings report and the stock is taking a hit. Shares are currently trading below $30 after the company reported that earnings per share fell from $0.50 to $0.47 on revenue of $14.45 billion. The numbers were slightly higherRead more
Microsoft Up Before Earnings
Chipotle Earnings Review
11:15AM Chipotle Mexican Grill (CMG, $102.95, down $6.95) reported higher-than-expected profits for the quarter yesterday as new restaurant openings fueled higher sales. Income was $17.3 million/ $0.52 a share, up from $12.4 million/ $0.38 a share from Q107. Revenue came in at $305.3 million, up from $235.5 million. Wall StreetRead more