Amazon.com Inc. (NASDAQ:AMZN) was upgraded to buy from hold at Stifel Nicolaus. Merrill Lynch, on the other hand, sees pressure on Amazon shares before the company reports earnings. AMZN shares are up 1.3% in pre-market on the upgrade.
Hewlett-Packard Co. (NYSE:HPQ) announced it plans to open a research and development facility in St. Petersburg, Russia.
International Business Machine Corp.'s (NYSE:IBM) Lotus unit will introduce today a set of social networking services that functions like a MySpace for office workers. This could renew the rivalry with Microsoft Corp. (NASDAQ:MSFT). IBM is expected to collaborate with Hewlett-Packard and Intel Corp. (NASDAQ:INTC).
France Telecom is considering dropping Yahoo Inc (NASDAQ:YHOO) as the supplier of advertising to its Internet portal, the Financial Times reported.
Reporting this week:
- Johnson & Johnson (NYSE:JNJ) reports Tuesday. Analysts expect it will earn 79 cents per share for the fourth quarter.
- Still Tuesday, United Technologies Corp (NYSE:UTX) is expected to report earning of 85 cents per share.
- Also on Tuesday, Yahoo Inc. (NASDAQ:YHOO and Sun Microsystems Inc. (NASDAQ:SUNW) are expected to report.
- eBay Inc. (NASDAQ:EBAY) should report fourth quarter results on Wednesday. Wall Street is looking for earnings of 28 cents per share.
- Still on Wednesday, McDonald's Corp. (NYSE:MCD) is reporting and is expected to earn 61 cents per share.
- Thursday will see Ford Motor Co. (NYSE:F) and Microsoft Corp. (NASDAQ:MSFT) reporting. Ford is expected to show a loss of 97 cents per share for its fourth quarter. Microsoft is expected to earn 23 cents per share for its fiscal second quarter.
- AT&T Inc. (NYSE:T) will also report Thursday.
- Caterpillar Inc. (NYSE:CAT) is scheduled to report fourth-quarter on Friday. Analysts expect earnings of $1.34 per share. CAT closed at $59.37 on Friday. Its 52-week range has been $58.82 to $82.03.
Fortune has another great article about forecasting auto industry trends, winners and losers for 2007. In 2006, six of General Motors Corp.'s (NYSE:GM) brands lost ground. Sic of Ford's (Ford, Lincoln, Mercury, Volvo, Jaguar and Aston Martin) and all three of DaimlerChrysler's (NYSE:DCX) U.S. brands (Chrysler, Dodge, and Jeep).











Reader Comments (Page 1 of 1)
1-22-2007 @ 11:13AM
Chiesa said...
Wow market is really bad today, any chances it will rebound by the end of the afternoon?