FeedPosted Nov 16th 2009 2:00PM by Elizabeth Harrow (RSS feed)
Filed under: Major movement, Analyst reports, Analyst upgrades and downgrades, Good news, Sprint Nextel Corp (S), Options, Technical Analysis
Sprint Nextel (
S) reported this morning that it
paid off an outstanding loan worth $1 billion on its $4.5 billion revolving credit facility. As a result, the wireless company no longer has an outstanding balance on its revolving credit facility. At the end of the third quarter, Sprint had $5.9 billion on hand in cash, cash equivalents, and short-term investments, plus $1.6 billion in borrowing capacity under its revolving bank credit facility.
In other Sprint news this morning, Sprint shares were upped from "neutral" to "outperform" at Credit Suisse. Analyst Jonathan Chaplin set his price target at $6, asserting that the company will benefit from cost cutting, stronger sales of prepaid service, and improved customer retention trends. Sprint's stock settled Friday at $3.10, so Chaplin's price target implies expected upside of nearly 94%.
Continue reading Sprint Nextel scores upgrade, pays off $1B loan
Posted Nov 13th 2009 3:40PM by Joseph Lazzaro (RSS feed)
Filed under: International markets, Good news, Recession
Europe, font of western civilization, is growing again. The euro-zone officially entered a recovery with GDP in the 16-nation zone increasing 0.4% in Q3 compared to the previous quarter, Eurostat, the European Union's official statistics agency,
announced Friday. Europe's economy had contracted for the five previous quarters.
Meanwhile, growth in the 27-nation E.U. (EU27), which includes nations that aren't members of the euro monetary system, increased 0.2% in Q3.
Continue reading Ray of light: Euro-zone GDP increased 0.4% in Q3
Posted Nov 11th 2009 6:00PM by Michael Fowlkes (RSS feed)
Filed under: Earnings reports, Forecasts, Good news, Competitive strategy, Employees, Market matters, Applied Materials (AMAT), Technology, Recession
Semiconductor maker Applied Materials (
AMAT) reported
its fiscal fourth quarter numbers this afternoon following the market close, and the company easily outpaced analyst estimates.
Going into this afternoon's earnings report, analysts had been expecting to see the company show earnings of 3 cents per share, but the company surprised to the upside by posting actual Q4 earnings of 13 cents.
Continue reading Applied Materials (AMAT) tops analyst estimates
Posted Nov 11th 2009 4:40PM by Sheldon Liber (RSS feed)
Filed under: Good news, Exxon Mobil (XOM), Market matters, Diageo plc (DEO), Anadarko Petroleum (APC), Chasing Value, Commodities, Oil, Anglo American (AAUKY), Stocks to Buy, American Eagle Outfitters (AEO)
There are only seven weeks left in the year, so it is time to start thinking about 2010. If you have been keeping up with my 2009 picks (see:
Chasing Value: 2009 blazing picks -- Q3 review ) than you would be aware that the group is up 40% through the third quarter.
This year I bought all of my picks so that I would be riding in the same ship as anyone that might have considered my suggestions.
I will be breaking up my potential picks into three categories; contender, on the fence, and out of the running, until I finalize the list in the last week of the year.
Continue reading Chasing Value: Ten stocks for 2010 -- Part 1
Posted Nov 5th 2009 11:50AM by Mark Fightmaster (RSS feed)
Filed under: Good news, Employees
Last week, the number of people filing initial claims for state unemployment dropped by 20,000. As a result, benefits dropped to a seasonally adjusted 512,000. This drop in filings was the first in the past two weeks, and it is the lowest level of initial claims seen since early January.
That said, initial jobless claims have come in atop 500,000 for the past 51 weeks. In addition, the four-week average of claims dropped 3,000 to 523,700. This total is the lowest since the beginning of the year. Expectations called for initial jobless claims to drop to 520,000 last week, so it may be time to sound the rally bell.
Continue reading Jobless claims drop during the last week of October
Posted Nov 4th 2009 6:00PM by Michael Fowlkes (RSS feed)
Filed under: Earnings reports, Forecasts, Good news, Cisco Systems (CSCO), Market matters, Technology, Recession
Following today's market close, technology giant
Cisco Systems (NASDAQ:
CSCO) had its chance to impress Wall Street with
its fiscal first quarter results, and the company did not disappoint.
Going into this afternoon's earnings report, analysts had been expecting to see the company show earnings of 31 cents per share, but the company surprised to the upside by posting actual earnings of 36 cents per share for its fiscal first quarter. For the same period last year the company had earnings of 42 cents per share.
Continue reading Cisco posts strong Q1 earnings
Posted Nov 4th 2009 2:40PM by Sheldon Liber (RSS feed)
Filed under: Good news, Management, Rants and raves, Berkshire Hathaway (BRK.A), Serious Money, Headline news, Burlington Northern Santa Fe (BNI), Best Stocks for 2009
Yesterday it was announced very loudly that
"my pal Warren" was
going to acquire the 77.4% of the
Burlington Northern Santa Fe (NYSE:
BNI) railroad, that Berkshire Hathaway (BRK.A) does not already own, for $100 per share, offering about a $24 premium to Mondays closing price.
Talk about putting your money where your mouth is --
yikes! Buffett has gone all in, betting the economy is healing, and silencing anyone that questioned his integrity or motives for cautious optimism saying it was all talk!
Continue reading Serious Money: Questions as Buffett's money & mouth converge on BNI
Next Page »
Nokia (NOK - option chain) shares are rising today after the company announced that its Nokia N900 is now on sale in the United States. The phone retails for $649. 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 NOK.
Under the radar: Some trends are obvious enough and visible to all investors. Others are more-subtle, but are just as potent, and these often slip 'under the radar.'
To say the current economic climate has been "thin on good news" would be an understatement.
Shares of 
Entrepreneur's Journal: Want to get a piece of the Buffett/Goldman honeypot?
The week in preview: No turkey earnings from Tyson, Hormel, Cracker Barrel ...
Comfort Zone Investing: Intel is saying something ... can you hear it?
