- DJIA 12,890.64 (+58.46; +0.46%)
- S&P500 1,407.87 (+4.83; +0.34%)
- NASDAQ 2,495.66 (+0.54; +0.02%)
- 10YR-TBond 3.938% (+0.029)
- 52-WEEK LOWS
- 10 ANALYST CALLS
Deere & Co. (NYSE: DE) saw a sharp drop in shares after reporting earnings, and it pulled down other ag-stocks. The company said it was being impacted by tight part supplies and rising materials costs, and that sent shares tumbling 10% to $81.10 in the final minutes today.
Fushi Copperweld, Inc. (NASDAQ: FSIN) rose a sharp 14% to $21.90 late in the day after it blew past revenue targets with a 155% gain in revenues.
Jack in the Box Inc. (NYSE: JBX) must be more economically sensitive than other fast-food restaurants out there. Its shares were down over 10% at $$25.00 late in the day after its earnings report.
Macy's Inc. (NYSE: M) saw a 4% rise late in the day to $25.07 after the company's earnings came in better than the reduced estimates; the company also reaffirmed its prior sales forecasts for 2008.
Whole Foods Markets (NASDAQ: WFMI) saw shares pounced after the company's earnings and guidance failed to impress investors. In fact, the results were very unimpressive. Shares were down over 12% at $29.40 late in the day.
Nuclear power is on the comeback trail
Apple backs AT&T in continuing spat with Verizon
Closing Bell: The recession is still over, still... do you feel it?
Reader Comments (Page 1 of 1)
5-14-2008 @ 8:39PM
Americas Watchdog said...
Jon;
We have the Corporate Whistle Blower Center & inflation is down? What a bunch of bull S%$T. Once again we have the government involved in cooking the books & once again the please buy stock(s) market buys it hook line & sinker.
Please ask any consumer if inflation was done in April. Just find one. We would suggest any investor in the US stock market get out & sit on the side lines. This is going to end really ugly. The March 2008 Bull Sh*! Run. & no inflation in April of 2008? "The credit crisis is almost over=more BS!
We were impressed that CNBC bought into it as well. Perhaps some day they will mention the auction rate securities $320 billion dollar fraud. But the again what would their stock brokerage clients say?