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Applied Materials Beats Lowered Estimates; No Guidance (AMAT)

Applied Materials Inc. (NASDAQ: AMAT) has just posted earnings of $0.25 EPS non-GAAP (GAAP $0.19 EPS) on $2.09 Billion in revenues; First Call had estimates pegged at $0.20 non-GAAP EPS on $2.01 Billion revenues. While that number is 4% above its estimates on revenues, that is down about 8% year over year. Margins were slightly above estimates but also eroded for the first quarter of fiscal 2008 to 44.8%, down from 46.7% for the first quarter of fiscal 2007. New orders were listed as $2.5 Billion. Applied already announced 1,000 layoffs and a reorganization in January, So this was just…
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12 February, 2008| Economy | Comments (0) @ 21:13

Badge for Forbes Financial Blog Network.

I already wrote about bloggers network associated by Forbes. Business and Financial Blog Network is planned to be launched at the beginning of year 2008.There are basically two benefits coming from this partnership. First, some of your posts / articles can be published on Forbes page which lead for higher readership. Second, you will be involved in Forbes advertising program.Requirements for participation are:…
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12 February, 2008| Economy | Comments (0) @ 21:11

South Korean Interest Rates On Hold

But likely to be cut by mid-year….
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12 February, 2008| Economy | Comments (0) @ 21:00

Play It Safe With REITs in ‘08

Play It Safe With REITs in ‘08

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12 February, 2008| Economy | Comments (0) @ 20:45

Sports Illustrated Market Indicator

The markets have been off to a rocky start this year but maybe the bulls can breath a sigh of relief now that the Sports Illustrated Swimsuit issue is on the newsstands with Marisa Miller on the cover. The folks over at Bespoke Investment have run the numbers and created a Sports Illustrated Swimsuit Issue Indicator. As it turns out, having an American on the cover is a bullish indicator.
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12 February, 2008| Economy | Comments (0) @ 20:31

Economists Divided on Stimulus Effects

The Federal Reserve Bank of Philadelphia released its latest survey of professional forecasters and panelists were divided on when the effects of a government fiscal stimulus package would be apparent and how large the effects would be.
Thirteen economists reported an effect beginning in the second quarter and 19 think the effect will begin in the third quarter. Two estimated that the effect won’t begin until the fourth quarter, and the remainder didn’t provide answers.
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12 February, 2008| Economy | Comments (0) @ 20:27

Best Recent IPO: Titan Machinery (TITN)

If you have been following our IPO index over the last few weeks you have probably noticed that many IPO’s are being withdrawn “due to market conditions” or that SPAC IPO’s are coming out more than ever. But there are actually some bright spots out there in IPO’s. Titan Machinery, Inc. (NASDAQ: TITN) is a post-IPO stock that has been on fire. Titan owns and operates a network of full service agricultural and construction equipment stores, it might not come as that much of a surprise. Three years ago or more no one cared about any of these agriculture plays,…
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12 February, 2008| Economy | Comments (0) @ 20:00

Taiwan?s Foreign Trade Surplus Narrows

But still a hope for further growth….
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12 February, 2008| Economy | Comments (0) @ 20:00

GM, Warren Buffett, and Fertilizer

So is this a Warren Buffett rally, or a General Motors rally, or something else?
It used to be said that what was good for the automaker was good for America, but for today, what’s good for GM (or at least, what isn’t too terrible) is good for a few sectors in the market. GM swung to a loss in its North American operations and lost more money in the fourth quarter of 2007 in Europe — …
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12 February, 2008| Economy | Comments (0) @ 19:54

The Muni Insurance Racket

In the March issue of Portfolio, Jesse Eisinger says that the municipal bond-insurance business is a racket. Back in December I noted that US municipalities pay $2 billion a year to the monolines for the dubious privilege of receiving a triple-A credit rating which most of them should properly have in the first place anyway. Jesse moves the story forwards by noting that this isn’t only a racket for the monolines (who insure something which really needn’t be insured in the first place) but also a racket for the ratings agencies. They do much less work rating wrapped bonds, but get the same fee; they also charge clients for what Jesse calls the "secret decoder ring" which converts muni ratings into the equivalent corporate rating.
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12 February, 2008| Economy | Comments (0) @ 19:52

Bankruptcy Momentum

The only momentum worth betting on right now is financial ruin in real estate and bankruptcy lawyers.
I was chatting with the top bankruptcy firm lawyers this afternoon in Phoenix. My wife used to work for them. They are my pulse on business. They are always busy but I just knew this was THE year. I did not need to ask, but of course it was my second question after how’s the family?
Although they are lawyers, these are indeed good people …
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12 February, 2008| Economy | Comments (0) @ 19:47

Fed Auction Draws Stronger Bidding

The newest penalty for borrowing directly from the Federal Reserve: one-hundredth of a percentage point.
The central bank’s term auction facility offering this week drew strong interest, with 66 bidders (up from 52 last time). The banks submitted $58.4 billion in bids for the $30 billion auction. The p…
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12 February, 2008| Economy | Comments (0) @ 19:41

New ETFs specialty.

Van Eck Global launched new specialty ETFs in Market Vector group. After several municipal bonds ETF there are 2 really unique exchange traded funds.Gaming ETF (BJK)This investment is following up S-Network Global Gaming Index covering 69 worldwide companies from gaming industry. Industry segments are casino and race track operations, horse race and sport betting. Major Index constituents are International Game Technology (IGT)11,6%, Las Vegas Sands (LVS) 7,6%, MGM Mirage (MGM) 7,1%, Wynn Resorts Ltd (WYNN) 5,4%. Country breakdown: United States 43%, Australia 15%, Malaysia 9%….
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12 February, 2008| Economy | Comments (0) @ 19:38

Barton Biggs: History Says Be a Buyer

addslashes(Barton Biggs: History Says Be a Buyer

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12 February, 2008| Economy | Comments (0) @ 19:14

Rethinking What You Wear While Taking Care Of Business

The above is a clip from Fox Business on which clothing trends don’t work at the office. I disagree with all of them.

#1 FBN SAYS: Don’t Overaccessorize because too much jewelry can make too much noise and just make you look plain silly. Wrong because: too few investment bankers dress like Mr. T these days. You see it at the hedge funds, because they’re a little more, you know, out there, but not enough at the banks. Also, it’s nice to announce yourself via jingle jangle instead of the vanilla, “Here I come.”
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12 February, 2008| Economy | Comments (0) @ 19:05

SunTrust: A Bank Raising Its Dividend! (STI)

Most banks have been having to be quiet as a church mouse not let their CDO and mortgage operation murder their books all at once. many banks and financials have had to lower their dividends. Some are failing and some are destined to fail Companies that RAISE their dividends are deemed as “confident in their future and their ability to post consistent earnings.” Enter the news from SunTrust Banks. Inc. (NYSE: STI). Today it hiked its dividend by 5% and its previous $2.92 annualized dividend is now going to be a higher level at $3.08 EPS. This will now carry…
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12 February, 2008| Economy | Comments (0) @ 19:03

Indonesian Consumer Confidence Falls to Fresh Lows

As households are hit with rising prices….
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12 February, 2008| Economy | Comments (0) @ 19:00

Yahoo: Bill Miller Weighs In, Says Sell

Legg Mason fund manager Bill Miller has apparently given up on his Yahoo holdings. He’s recommending in his quarterly letter to Legg Mason investors they Yahoo get on with it already — so long as Microsoft juices the offer a little: On January 31, Microsoft made an unsolicited offer to acquire Yahoo at a price that represented over a 60% premium to where YHOO’s shares were trading. LMCM is YHOO’s second-largest shareholder, owning over 80 million shares. Subsequent to the deal being announced, we have met with Steve Ballmer, MSFT’s CEO, and spoken with Jerry Yang, CEO of YHOO. …
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12 February, 2008| Economy | Comments (0) @ 18:53

Blogonomics dissected

We have had a long-standing interest in the state of the investment blogosphere. In a couple of posts we discussed the challenges of becoming an A-list blogger and the challenges encountered by investment bloggers looking to maintain and grow their blogs.
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12 February, 2008| Economy | Comments (0) @ 18:53

Health Insurance Innovation?

(February 12, 2008 10:41 AM, by Arnold Kling) Tyler Cowen waxes romantic. Let me also tell you my ideal world. Insurance companies are judged by honest third party……
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12 February, 2008| Economy | Comments (0) @ 18:41

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