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Disney’s Earnings Surge Propels Major Share Buybacks (DIS)

The Walt Disney Company (NYSE:DIS) has posted earnings of $0.63 EPS, although excluding gains its EPS increased 29% to $0.63 for the quarter. It also posted $10.452 Billion in quarterly revenues. First Call had estimates at $0.52 EPS and $10.04 Billion in revenues. Mickey Mouse and Hannah Montana also bought a more than a lot of Disney stock. During the first quarter of fiscal 2008, it repurchased some 31 million shares for $1.0 billion. Disney shares closed down 2.7% at $30.07 in regular trading, yet shares are up over 4% to $31.35. Its 52-week trading range is $26.30 to $36.79….
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5 February, 2008| Economy | Comments (0) @ 21:24

Midday Tidbits — The Day’s Winners

As major indexes continue to weaken, it’s interesting to note the two stocks among the Dow Jones Industrial Average’s 30 components that are in positive territory on the day: McDonald’s and W…
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5 February, 2008| Economy | Comments (0) @ 21:23

Fedspeak Highlights: Lacker Says ‘Mild Recession’ Possible

Kicking off the first round of Fed speeches since last month’s steep rate cuts, Richmond Fed President Jeffrey Lacker said further easing “ultimately may be warranted.” Mr. Lacker said he expects “lethargic” job growth and “sluggish” overall economic activity — raising the prospect of a mild recession. He also expressed concerns about rising prices and inflation expectations. Excerpts:…
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5 February, 2008| Economy | Comments (0) @ 21:19

Bankrate Shares Hit On Ad Cancels & 2 Acquisitions (RATE)

Bankate Inc. (NASDAQ: RATE) has just posted earnings of $0.33 non-GAAP EPS on revenues of $25.3 million. First Call has estimates at $0.39 EPS on revenues of $26.83 million. The company also gave some raised guidance of $167 to $172 million for fiscal 2008 revenues, and fiscal 2008 and EBITDA of between $64 and $68 million. First Call has a revenue target for 2008 of $142.75 million, although this guidance likely includes two new additions. Bankrate has also announced that it has acquired and completed the acquired the assets of two companies in separate transactions: InsureMe, Inc. for $65 million…
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5 February, 2008| Economy | Comments (0) @ 21:15

The 52-Week Low Club (SIRF)(RMKR)(WOOF)

Primus Guaranty (NYSE: PRS) Bad quarterly earnings. Shares drop to $3.64 from 52-week high of $12.96. SiRF Technology (NASD: SIRF) Big miss on earnings takes half of stock’s value in one day. Trades down to $6.97 from 52-week high of $34.15. Rainmaker Systems (NASD: RMKR) Company loses biggest client and is downgraded. Drops to $2.81 from 52-week high of $11.08. ARM Holdings (NASD: ARMHY) Weak quarterly numbers.Down to $5.57 from 52-week high of $10.07. VCA Antech (NASD: WOOF) Quarterly guidance is off the mark. Falls to $31.40 from 52-week high of $46.23. Douglas A. McIntyre:
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5 February, 2008| Economy | Comments (0) @ 21:10

The 52-Week Low Club (SIRF)RMKR)(WOOF)

5 February, 2008| Economy | Comments (0) @ 21:10

FX: Asian Currencies Fall on Renewed Risk Aversion

U.S. recession fears and equity market losses undermine support for regional currencies….
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5 February, 2008| Economy | Comments (0) @ 21:00

They Just Don’t Get Economic Cycles!

They Just Don’t Get Economic Cycles!

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5 February, 2008| Economy | Comments (0) admin @ 20:58

Barely Bulge Bracket Bankers Bitten in the Bonus by BoA*

From the e-mail bag:
“…equity sales received 20% of their expected commissions for 4q07,
everyone super-pissed and polishing CVs. Also, people with guarantees who were laid off received only $5k due to an out clause in the employment contracts.”

*Apparently a gaggle of conspiracy theorists take pains to label Bank of America “BoA” (rather than B of A) because of the reptilian connotation associated with the former. It seems there is even an official policy on the proper acronymizing of the winding, carnivorous, cold-blooded financial institution. I guess certain higher-ups at the Bank absolutely fly off the handle if you provoke them this way. Since we are endlessly amused by the idea that the senior management can be distracted from returning to profitability this way, won’t you join us in adding “BoA” to your iPhone auto-correct for “B of A” and “Bank of America”? (Right after you join us in shorting their stock.) K? K.
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5 February, 2008| Economy | Comments (0) @ 20:43

Jim Cramer’s Stop Trading

On any dips foreign markets should be invested in. The weakness here is leaking into the world’s economy. Cited was Petroleo Brasileiro S.A. (PBR) down big. We may get another couple days of a sell off and then it will be refreshed again. In the case of buy and hold investors it may be tougher. You can’t buy and hold Monsanto Company (M…
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5 February, 2008| Economy | Comments (0) @ 20:37

A Rally Made for Selling Gets Sold

Stocks are taking things hard today, racked by a bad report on the U.S. service sector, which makes up the bulk of the economy, along with debt downgrades and worries that perhaps the recent rally ran a bit too far, too fast.
The Dow is down 206 points, or 1.6%, while the S&P 500 has given up 1.6% as investors pull back from the recent gains in financials and retailers,…
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5 February, 2008| Economy | Comments (0) @ 20:16

New Data Slams Bank Stocks

addslashes(New Data Slams Bank Stocks

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5 February, 2008| Economy | Comments (0) admin @ 20:12

I’ve Got your BOTTOM right HERE!

I am always stunned by the amount of top and bottom callers there are for the market. They leave comments here and email me at strange hours with retracement questions, fibonacci crap and other hoodooisms.
It comes down to mood and right now, we have much bigger fish to fry, even the plunge protection team has other worries, than the market.
I was reading FLY’s recent commentary about what CRAMER was babbling about on CNBC and he said that market’s were going to ramp right into this recession. You know ahow I feel about Cramer, good at remembering symbols, bad at remebering what he said 5 minutes ago. Buyer Beware.
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5 February, 2008| Economy | Comments (0) @ 20:09

Why Did Overall Course Quality at GMU Suddenly Decline?

(February 5, 2008 12:05 PM, by Bryan Caplan) At the end of every semester, GMU students evaluate their courses on a scale of 1-5. As I’ve discussed before,……
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5 February, 2008| Economy | Comments (0) @ 20:05

China?s Consumption Puzzle

Consumption as a share of GDP remains low….
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5 February, 2008| Economy | Comments (0) @ 20:00

Do You Care Who Owns the Brands You Buy?

“So how do we move from the ideal to the real without screwing up what we?ve created?”
That’s what entrepreneur Seth Goldman, founder of Honest Tea Inc., asks in his blog this morning following an announcement that he’s s…
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5 February, 2008| Economy | Comments (0) @ 19:59

Live, from New York, It’s Money:Tech!

I’m at the Money:Tech conference this week in New York tomorrow and Thursday at the Waldorf Astoria. Oodles of great speakers — Nouriel Roubini, Jim Cramer, Henry Blodget, David Leinweber, Rick Bookstaber, and many others — plus hot panels, product/company launches, and more, more, more. Hope to see you there. And if weren’t planning to be there, your assignment is to come by anyway. I love to meet readers.
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5 February, 2008| Economy | Comments (0) @ 19:58

How to Beat the Market with Mutual Funds

Cam Hui seems to have found a simple and low-risk way of outperforming the S&P 500 by 6% a year. If you want to try this at home - and I wouldn’t recommend it - here’s what you do:

At the beginning of the year, go to morningstar.com and look at the "growth" funds. Pick the best-performing no-load fund with assets of over $1 billion and an expense ratio of less than 1%. Do the same for "value" funds. Put half of your money into each fund.
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5 February, 2008| Economy | Comments (0) @ 19:51

Inflation Eases in Taiwan

But CPI growth still remains at elevated levels….
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5 February, 2008| Economy | Comments (0) @ 19:45

AbsurdISM in Services Report

The release of this morning’s index of nonmanufacturing activity by the Institute for Supply Management sent markets tumbling and recession odds rising with its indication of a contracting services sector. But even beyond the data, the release was one of the most unusual in recent memory.
T…
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5 February, 2008| Economy | Comments (0) @ 19:31

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