SchaeffersResearch.com Daily Market Blog

Another Mac-Clone Maker Crawls Out of the Woodwork

Thu, 24 Jul 2008 19:49:00 GMT

By now, you have probably heard about Mac-clone maker Psystar and the wrath that Apple (AAPL: sentiment, chart, options) has unleashed against the company...(Read More)

Checking in on GT Solar and its IPO

Thu, 24 Jul 2008 19:30:00 GMT

A couple of days back, I took a look at GT Solar (SOLR: sentiment, chart, options) and its initial public offering (IPO), which took place today...(Read More)

Happy Birthday, Barry! My, How You've Changed

Thu, 24 Jul 2008 18:49:00 GMT

I remember watching my beloved (and nearly at .500) Reds battling the Pittsburgh Pirates in the fall of 1990 to see who would advance to the World Series...(Read More)

Microsoft (MSFT) Shakeup Nets Juniper Networks (JNPR) a New CEO

Thu, 24 Jul 2008 18:48:00 GMT

Quite a bit is shaking down at Microsoft (MSFT: sentiment, chart, options) this week, with a shakeup in the company's online business and CEO Steve Ballmer making his case in the company's analyst day presentations...(Read More)

Chipotle Mexican Grill Hammered by Analysts on Second-Quarter Earnings Miss

Thu, 24 Jul 2008 18:23:00 GMT

The shares of Chipotle Mexican Grill (CMG: sentiment, chart, options) plunged to a new annual low of %2467.40 today after the burrito chain's second-quarter earnings fell short of analysts' expectations...(Read More)

Snap-On Shocks Bearish Bettors with Strong Earnings and an Upbeat Outlook

Thu, 24 Jul 2008 17:39:00 GMT

Snap-On Inc. (SNA: sentiment, chart, options) has surged 9% so far today following a positive earnings surprise...(Read More)

Put Activity Pops on UBS as New York Attorney General Andrew Cuomo Files Suit

Thu, 24 Jul 2008 17:25:00 GMT

New York Attorney General Andrew Cuomo has filed a lawsuit against Swiss investment bank UBS AG (UBS: sentiment, chart, options) for allegedly misrepresenting investment risks to its clients...(Read More)

Sector Update: Broadband Soars After Qualcomm, Nokia Settlement

Thu, 24 Jul 2008 16:25:00 GMT

The broadband sector is up sharply this afternoon, topping the list of the best performing sectors today...(Read More)

Extreme Makeover: Ford Edition - Will it Help?

Thu, 24 Jul 2008 16:11:00 GMT

In this morning's Opening View, my colleagues reported on Ford Motor's (F: sentiment, chart, options) earnings report...(Read More)

Pulte Home (PHM) Tumbles Sharply on Earnings Report

Thu, 24 Jul 2008 15:20:00 GMT

Sticking with the housing sector for a moment, we find that Pulte Homes (PHM: sentiment, chart, options) didn't give investors any reason to cheer this morning when it announced its quarterly results...(Read More)

Existing Home Sales Drop 2.6 Percent in June

Thu, 24 Jul 2008 15:06:00 GMT

The housing sector is taking a hit today following the latest existing-home-sales figures...(Read More)

Newmont Mining (NEM) Soars 6 Percent on Strong Earnings

Thu, 24 Jul 2008 14:07:00 GMT

The shares of Newmont Mining (NEM: sentiment, chart, options) are up more than 6% this morning after the firm announced that its second-quarter net income came in at %24277 million, or 61 cents per share, compared to its year-ago loss of %242.06 billion, or %244.57 per share...(Read More)

Initial Jobless Claims Surge By 34,000

Thu, 24 Jul 2008 13:55:00 GMT

A little economic news trickled in from the Labor Department this morning. The agency reported that initial jobless claims surged last week by 34,000 to 406,000 - hitting their highest level since late March...(Read More)

Sirius-XM Merger to Receive FCC Approval - Finally!

Wed, 23 Jul 2008 20:49:00 GMT

We have a bit of breaking news after the close, as reports from Bloomberg and The Wall Street Journal are confirming that the Sirius-XM merger has finally gained approval from the Federal Communications Commission (FCC)...(Read More)

Amazon.com's (AMZN) Second-Quarter Earnings Double Despite Slowing Economy

Wed, 23 Jul 2008 20:35:00 GMT

Amazon.com (AMZN: sentiment, chart, options) is an after-hours success in late-Wednesday trading, as the shares have vaulted nearly 9% higher following a strong second-quarter earnings report...(Read More)

MEMC Electronic Materials (WFR) Punished Following Second-Quarter Earnings

Wed, 23 Jul 2008 20:28:00 GMT

Shares of solar-sector concern MEMC Electronic Materials (WFR: sentiment, chart, options) have plunged sharply lower in after-hours trading after the company missed analyst expectations by 8 cents per share...(Read More)

Hershey Company (HSY) Jumps on Consensus-Beating Earnings

Wed, 23 Jul 2008 17:01:00 GMT

Hershey Co. (HSY: sentiment, chart, options) provided investors with some sweet news today when it reported that its second-quarter earnings rose to %2441.5 million, or 18 cents per share, from its year-ago profit of %243.6 million, or 1 cent per share...(Read More)

Sector Update: Earnings News Lifts Telecommunications, Internet Sectors

Wed, 23 Jul 2008 16:16:00 GMT

Positive earning news are pushing both telecommunication and Internet stocks upward, as both sectors top the list of the best performing sectors this afternoon...(Read More)

Rising Fuel Prices Eat into Arkansas Best's (ABFS) Earnings

Wed, 23 Jul 2008 14:42:00 GMT

Not everything is rosy in the transportation sector this morning. Arkansas Best (ABFS: sentiment, chart, options) announced this morning that its second-quarter net income slipped to %2416.2 million, or 64 cents a share, from its year-ago profit of %2419.6 million, or 78 cents per share...(Read More)

Toyota Motor Warns of Lower Sales

Wed, 23 Jul 2008 14:20:00 GMT

Late yesterday, Toyota Motor (TM: sentiment, chart, options) cut its 2008 worldwide group-sales target...(Read More)

Norfolk Southern Corp. (NSC) Soars to a New All-Time High on Strong Earnings

Wed, 23 Jul 2008 14:18:00 GMT

This morning, Norfolk Southern Corp. (NSC: sentiment, chart, options) chugged into the earnings spotlight to reveal that its second-quarter earnings came in at %24453 million, or %241.18 a share, while sales jumped 16% to %242.8 billion...(Read More)

Tech Earnings Roundup: Yahoo! (YHOO), VMWare (VMW), and Broadcom (BRCM)

Tue, 22 Jul 2008 20:50:00 GMT

The Street was greeted with another deluge of tech-sector earnings after the close this evening, and the results can be broken down into the good, the bad, and the ugly.The GoodShares of Broadcom (BRCM: sentiment, chart, options) rose more than 3% in after-hours activity on Tuesday after the company reported a second-quarter net profit of %24134.8 million, or 25 cents per share...(Read More)

E*Trade Financial's (ETFC) Second-Quarter Loss Widens Unexpectedly

Tue, 22 Jul 2008 20:33:00 GMT

After posting a gain of more than 10% during the regular session of trading, shares of E*Trade Financial (ETFC: sentiment, chart, options) were halted in electronic trading just ahead of the company's second-quarter earnings report...(Read More)

Is the XM Satellite and Sirius Merger in Dire Straits?

Tue, 22 Jul 2008 19:08:00 GMT

I was just looking at the Wall Street Journal's Internet site and I found a story about XM Satellite Radio (XMSR: sentiment, chart, options) and Sirius Satellite Radio (SIRI: sentiment, chart, options) that focuses on the Federal Communications Commission's (FCC) review of the merger...(Read More)

XTO Energy Beat Profit Estimates, So Why Is the Stock Dropping?

Tue, 22 Jul 2008 17:33:00 GMT

XTO Energy (XTO: sentiment, chart, options) shares are down about 10%, despite a stronger-than-expected second-quarter report...(Read More)

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Thu, 24 Jul 2008 22:43:00 GMT

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