Category Archive for ‘Daily Update’

Research In Motion Update

Research In Motion (RIMM, $123.46, down $18.88) got one yesterday, falling 13%, after the market digested its earnings report. The stock peaked as high as $148 just a week ago, and has now fallen to its lowest level in two months. The stock was down another $1.26 in after-hours tradingRead more

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Straw and Camel

It was a nasty day for the market as all three major indexes took a major blow by falling an average of 3%. A wave of bad news hit Wall Street like a tsunami as oil topped the $140 level and could ultimately be the straw that breaks the market’sRead more

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General Motors Gets Sacked, Ford Puts Double

General Motors (GM, $11.46, down $1.35) is at a 50-year low. Yes, that’s right, GM is at multi-decade lows after Goldman Sachs (GS, $178.97, down $4.68) downgraded the stock to a “conviction sell” saying the company may have to raise capital to shore up its balance sheet. The stock isRead more

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RIMM Tumbles On Outlook

It’s hard to please Wall Street. In a much anticipated earnings announcement, Research In Motion (RIMM, $142.34, up $1.86) failed to impress analysts and the stock is being taken out to the wood shed in after-hours trading. Shares have fallen $12.40, or 9%, as the stock has dipped below theRead more

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RIMM On Deck

Research In Motion (RIMM, $139.00, down $1.48) is trading slightly lower ahead of its 1Q earnings release after the bell today. The company is expected to post earnings of $0.85 a share, more than double the profits of $0.39 versus last year’s quarterly comparisons. Wall Street is expecting sales toRead more

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What's Wrong With General Electric?

Shares of General Electric (GE, $27.59, up $0.19) hit a 52-week low yesterday before rebounding to close in positive territory. The stock hit a new low of $27.20 and is now down 25% for the year. GE has been in a major downtrend since announcing crappy 1Q earnings back inRead more

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Cooper Tire Going Flat

Cooper Tire & Rubber (CTB, $7.92, down $0.37) delivered more bad news on Tuesday. The company said it is cutting 2Q production at its North American facilities, blaming lower tire demand and a possible shortage of raw materials. Cooper Tire was vague in its statement and did not say howRead more

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Breaking News: Microsoft/ Yahoo Talks Back On

1:10PM EST It looks like Microsoft (MSFT, $27.82, down $0.15) and Yahoo (YHOO, $22.43, up $0.98) are crying “wolf” again. Yahoo was getting spanked earlier in the session after a downgrade out of Thomas Weisel Partners. The stock was headed below $20 after the firm said Yahoo’s “outlook remains cloudyRead more

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Reliance Steel Keeping Busy

Reliance Steel & Aluminum (RS, $75.10, up $1.62) is trading higher after boosting its 2Q guidance by 35% citing “larger and faster-than-expected increases in carbon steel product prices.” The company raised its earnings forecast to $2.00-$2.10 a share, way up from its previous forecast of $1.50-$1.60. Wall Street was expectingRead more

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UPS Warns

United Parcel Service (UPS, $63.48, down $2.78) came out this morning and said that 2Q earnings would be below expectations citing higher fuel prices and a sluggish U.S. economy. The company lowered earnings to $0.83-$0.88 a share for the quarter, down from a previous estimate of $0.97-$1.04. This was hardlyRead more

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