Economy Blog

some good tips…
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Wal-Mart Stores Inc. (NYSE: WMT) is set to report earnings this coming Tuesday morning before the open. The company already gave an approximate revenues number of $94 Billion. As you will see below, Wall Street is under what the company already gave for guidance, and it looks like even the highest estimate is right under $93.7 Billion. The retail behemoth’s estimates from First Call are $0.75 EPS on $92.44 Billion in revenues. Estimates for next quarter are $0.81 EPS on $99.7 Billion in revenues, and Fiscal Jan-2009 estimates are $3.44 EPS on $405.27 Billion in revenues. Wal-Mart already gave its…
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China Watch Mail Bag

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China Watch Mail Bag

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Extreme stock picks: HouseValues, Markel Corporation

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Monday may be quite an interesting day for satellite radio investors. Sirius Satellite Radio Inc. (NASDAQ: SIRI) and XM Satellite Radio (NASDAQ: XMSR) will both report earnings. While everyone will be breaking down the subscriber additions and the marketing costs, you know everyone wants to know what the companies each think is going on inside the FCC merger approval process. Sirius Satellite Radio Inc. (NASDAQ: SIRI) will have its results on Monday after the close, with a conference call to follow at 4:30 PM EST. First Call has estimates at -$0.07 EPS on $272.3 million in revenues. For the coming…
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They Just Don’t Get Retail!

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China Watch Mail Bag: American Oriental Bioengineering

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News You Need: Macy’s, J.C. Penney

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Every now and again, CNBC puts on a superlative show.  Friday morning’s Squawk Box was one of those times when they hit the ball out of the park.
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A quick plug for Specator Business, a brand-new magazine that’s just launched in the UK. Its blog, Trading Floor, features the very smart Tim Worstall, and the magazine proper is full of smart columns from the like of my old student newspaper colleague F…
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