6:00AM Altria Group (MO, $22.30, up $0.25). The company spun-off Philip Morris (PM, $52.00, up $1.93) last month so this will be its first quarterly report without the tobacco business. The move was designed to separate the fast-growing international business from all the litigation and headaches associated with the tobaccoRead more
Yahoo (YHOO, $28.54, down$0.01) posted better-than-expected earnings last night but the numbers fell short in what investors were hoping would be a blowout quarter. The company reported 1Q profits of $542 million, or $0.37 a share. The earnings were only a couple of pennies higher than what Wall Street hadRead more
McDonald’s (MCD, $58.31, down $0.37) reported earnings this morning and despite overall good numbers the stock is trading lower. The company said earnings grew 24% as net income reached $946 million, or $0.81 a share, helped by strong international sales. However, investors focused on the fact that sales fell slightlyRead more
Every now and then an IPO (initial public offering) comes along that you know the minute it becomes public the demand is going to be strong. Some IPO’s go on to be huge winners like Chipotle (CMG, $118.28), Google (GOOG, $537.79) and Mastercard (MA, $236.00). Intrepid Potash (Ticker Symbol: IPI)Read more
I said yesterday before the market closed to be aware of Netflix (NFLX, $39.32, up $0.76) going into earnings. I mentioned the stock could fall victim to the classic “buy the rumor, sell the news” event and that is what appears to be transpiring. Despite reporting the company’s biggest increaseRead more
Apple (AAPL, $164.37, up $3.36) has added 15 points over the past week and is set to report earnings Wednesday. Expect continued improvement with Mac sales while a continuing decline in iPods is expected. The option chains are full of action as people place their bets on where Apple willRead more
Here’s a look at companies that are reporting today: Bank of America (BAC, $38.56). The company just reported earnings of $1.2 billion, or $0.23 a share on $17 billion in revenue. Analysts had expected earnings of $0.41 and revenue of $16.5 billion. Here again, a mixed report as earnings wereRead more
6AM Week in Review Last weekend (4/12) we discussed the Airline Sector and I was pretty negative on it. Here are the big three with their closing stock price from Friday (4/11) to Friday (4/18): AMR Corp’s (AMR, $9.48, $8.77) Delta (DAL, $10.01, $8.75) Northwest (NWA, $10.96, up $9.69) DeltaRead more
When Microsoft (MSFT, $30.01, up $0.79) announced plans to buy Yahoo (YHOO, $28.51, up $0.48) back in February the stock was trading for $32.60. Sure, you can expect a drop in the acquiring company’s stock price and a premium in the company that is being acquired. After analyzing the deal,Read more
