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Nuclear power is on the comeback trail

Nuclear power is coming back into style, and perhaps just in time for the climate, and for the United States.

Environmental groups, previously opposed to nuclear power, are starting to support the technology, as it represents the lesser of two evils compared to coal-fired electric power generation plants, The Washington Post reported Wednesday. And the choice is obvious enough: faced with either processing nuclear waste or seeing the atmosphere heat up to irreversible levels, via coal-producing climate change, nuclear technology wins.



Continue reading Nuclear power is on the comeback trail

Wall Street hates Warner Music Group's Q4 report

Warner Music Group (WMG) was out of favor with the market today. At the time of this writing, shares of the company were down over 16% on big volume. Wall Street did not appreciate the fourth-quarter release.

According to TheStreet.com, a loss, on an adjusted basis, of 3 cents per share was recorded. Analysts were hoping for a profit of 5 cents per share. The cited article goes on to report a not-so-comforting outlook for the near future. And in further bad news, TheFlyOnTheWall.com mentions a downgrade on the stock.

Continue reading Wall Street hates Warner Music Group's Q4 report

Third quarter earnings preview for Tiffany

tiffany TIF third quarter earnings previewBefore tomorrow's open, jewelry retailer Tiffany & Co. (TIF) will be reporting its third quarter results. Analysts are expecting to see the company show earnings of 23 cents per share.

For the same period last year the company had earnings of 35 cents.

Continue reading Third quarter earnings preview for Tiffany

GM's sale of Saab collapses; now what?

It looks like General Motors won't be unloading SAAB to Swedish company Koenigsegg Group, the automaker announced just a while ago. GM CEO Fritz Henderson expressed disappointment, saying "we're obviously very disappointed with the decision to pull out of the SAAB purchase... given the sudden change in direction, we will take the next several days to assess the situation and will advise on the next steps next week."

Continue reading GM's sale of Saab collapses; now what?

O'Reilly Automotive: A used car maintenance play

The used car trend in the United States isn't ending anytime soon, which is why I'm reiterating my buy rating for auto parts giant O'Reilly Automotive Inc. (ORLY), first recommended on May 18, 2009 at a price of $37.02.

One argument holds that frugal consumers in U.S. will delay getting maintenance done on their used vehicles, due to tight budgets. But that delay can only occur for so long: critical maintenance must be performed, eventually. Further, the U.S. auto fleet's increasing age provides another tailwind for ORLY's sales. The First Call FY2009/FY2010 EPS estimates for ORLY are $2.24 to $2.59.

Continue reading O'Reilly Automotive: A used car maintenance play

Apple backs AT&T in continuing spat with Verizon

AT&T, Inc. (T) has been getting itself into a wad about recent commercials from larger competitor Verizon Wireless. In those ads, Verizon touts its advanced 3G wireless coverage over AT&T's tepid 3G coverage as a way to battle the ubiquitous popularity of the Apple (AAPL) iPhone that no carrier seems to be able an unseat as the phone to exclusively sell.

Continue reading Apple backs AT&T in continuing spat with Verizon

Closing Bell: The recession is still over, still... do you feel it?

The GDP for Q3 showed a revision confirming that the end of the recession is still 'unofficially' official. The Case Shiller data was more mixed despite another small gain, but it has a farther look-back than most new data has been showing.

And the FOMC released its minutes from the November 3 and 4 meeting that gave low inflation forecasts, higher GDP, and even less-bad unemployment. The FDIC fund going red had no solid impact on financials today. We even had a 2% drop in the price of oil despite a small gain in gold. Here were today's unofficial index closing bell levels:

DJIA 10,433.71 (-17.24)
NASDAQ 2,169.18 (-6.83)
S&P500 1,105.66 (-0.58)

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Deere earnings preview: Low expectations for Q4

Deere & Co. (DE), maker of the iconic John Deere tractor, is scheduled to discuss its fiscal fourth-quarter 2009 financial results in a conference call Wednesday, November 25, at 10:00 AM ET, hosted by Chief Financial Officer Jim Field. You can catch the live webcast of the call on the company's website.

During the three months that ended in October, Deere planned to invest in Russia, reached a tentative agreement with the UAW and announced some layoffs. Analysts surveyed by Thomson Reuters expect the agricultural equipment maker to report that earnings for that period plunged from $0.81 per share a year ago to $0.03 per share. And revenue for the quarter is expected to be 34.1% lower to $4.4 billion.

Continue reading Deere earnings preview: Low expectations for Q4

Why is Ben Bernanke on the hot seat?

Ben Bernanke, Chairman of the Federal Reserve, is scheduled to testify before Congress on December 3rd. The hearings will determine whether he will be confirmed for another term.

Bernanke is faced with increasing criticism for his handling of the financial crisis and lack of transparency. Representative Ron Paul has a bill before the House demanding an accounting of what the Fed has done with all the money it is spending.

Continue reading Why is Ben Bernanke on the hot seat?

Freeport McMoRan: Back up the truck

Everything's coming up roses with Freeport McMoRan (FCX), to cite a famous song by the late, great Ethel Merman, which is why I'm reiterating my buy rating for the company, first recommended on March 23, 2009 at a price of $41.88.

If you bought FCX in March, you're up an astounding 103%; but if you missed the entry point, don't fret - there's more ahead.

Continue reading Freeport McMoRan: Back up the truck

U-6 unemployment number suggests recovery has not started

While this article is a few days old, I still found its message rather interesting. Jeff Cox's article takes a look at the U-6 number of unemployment. This number is the "broadest" measure of unemployment, and it shows that roughly 17.5% of Americans are either without a job or underemployed. This is the highest reading since the U-6 number became an official labor statistic in 1994. The U-3 rate (which is what most investors follow) came in at 10.2% in October, which was the highest reading since June 1983.

Continue reading U-6 unemployment number suggests recovery has not started

With Lowe's, $20 could be the low stock price for 2010

Lowe's (LOW) stock has meandered since the September 16, 2009 Buy rating at $21.60 per share, but I'm nevertheless reiterating my buy rating. Here's why:

Lowe's has now posted three straight less-worse-than-expected quarterly earning performances, and the view from here argues that both home improvement revenue, and more broadly, U.S. home sales (new and existing) have bottomed, providing an adequate tailwind for the stock. Further, any higher-than-expected store traffic in 2010 will be a bonus. The First Call FY2009/FY2010 EPS estimates for LOW are $1.22 to $1.35.

Continue reading With Lowe's, $20 could be the low stock price for 2010

eBay pushes new iPhone app to propel $500M in mobile sales

Last summer, eBay (EBAY) launched its iPhone app, which turned into an instant hit. If anything, it showed that mobile commerce was not a pipe dream as the downloads reached more than five million.

So, in anticipation of the Christmas shopping season, eBay has launched a new iPhone app. It's called "Deals."

Continue reading eBay pushes new iPhone app to propel $500M in mobile sales

Nuance Communications (NUAN) Q4 earnings beat estimates

NUAN logoNuance Communications (NUAN - option chain) shares are rising today after the company reported earnings last night, posting a fourth-quarter profit of $6.3 million, or 2 cents per share. Excluding one-time items, NUAN earned 32 cents per share on revenue of $275 million, beating analysts' forecasts of 29 cents per share on revenue of $272 million. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on NUAN.

NUAN opened this morning at $14.15. So far today the stock has hit a low of $14.00 and a high of $14.87. As of 11:55, NUAN is trading at $14.75 up 1.00 (7.3%). The chart for NUAN looks bearish.

Continue reading Nuance Communications (NUAN) Q4 earnings beat estimates

Baxter (BAX): Bank on blood products

"Baxter International (BAX) benefits from a robust balance sheet, solid operating momentum, and rising earnings estimates," says blue chip advisor Richard Moroney in Dow Theory Forecasts.

The advisor explains, "The first company to commercially prepare intravenous treatments, Baxter has manufactured and distributed medical products since 1931. It primarily works with blood and plasma, a business with recession-resistant tendencies.

"Its BioScience unit produces clotting agents for hemophilia and biotech drugs that treat both immune deficiencies and cancer.

Continue reading Baxter (BAX): Bank on blood products

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Symbol Lookup
IndexesChangePrice
DJIA-17.2410,433.71
NASDAQ-6.832,169.18
S&P 500-0.591,105.65

Last updated: November 24, 2009: 11:14 PM

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