Swine flu posts
FeedPosted Dec 12th 2009 4:10PM by Daleela Farina (RSS feed)
Filed under: Newspapers, Interviews, Columns, Books, Entrepreneurs
James Altucher is a financial journalist for The Wall Street Journal and founder of Stockpickr.com. His articles cover every angle of the market; he also stars in feature videos with other financial luminaries. He is the author of Trade Like a Hedge Fund, Trade Like Warren Buffett, SuperCa$h, and The Forever Portfolio.
He has taken a controversial path lately with numerous articles in the New York Post and Huffington Post. Some articles include: "Global Warming Is a Myth," "Should Insider Trading Be Made Legal?" "School of Hard Cash," "The Internet Is Dead (as an Investment)," and "5 Myths the Recession Taught Us."
Rumors of a new addition to the James Altucher library have entered the blogosphere, so I met with James to discuss a possible new book and the response from his recent aggressive views on finance and the stock market.
Continue reading You can profit from James Altucher's insanity
Posted Sep 14th 2009 1:00PM by Joseph Lazzaro (RSS feed)
Filed under: Tyson Foods'A' (TSN), Stocks to Buy
Even though eating properly handled and cooked pork products is safe, some Americans and international consumers will still avoid pork, due to the H1N1 flu.
That would typically hurt protein food producers, but Tyson Foods (NYSE: TSN) has alternatives, namely chicken, which is a major reason I'm reiterating my Buy rating for Tyson Foods, first recommended on May 11, 2009, at a price of $12.35.
Continue reading Consider Tyson, because it will be a 'frugal consumer' era winner
Posted Sep 8th 2009 12:40PM by Elizabeth Harrow (RSS feed)
Filed under: Earnings Reports, Smithfield Foods (SFD), Options
Pork producer Smithfield Foods (NYSE: SFD) confessed Tuesday morning to a first-quarter loss of $107.7 million, or 75 cents per share, notably worse than its year-ago loss of just $13.2 million, or 10 cents per share. Excluding one-time charges, SFD would have swallowed a loss of 56 cents per share for the recently concluded quarter. Revenue for the period fell by more than 13% to $2.72 billion.
Both figures fell short of analysts' expectations, which called for a loss of 53 cents per share on $2.82 billion in revenue. Thanks to the twin factors of the recession and the still-spreading H1N1 virus -- a.k.a. the "swine flu" -- Chief Executive Larry Pope said, "I feel like the world has been against us for 12 months." (While H1N1 cannot be contracted by consuming pork products, the pork industry has suffered nevertheless by association.)
Continue reading Smithfield Foods suffers widened quarterly loss
Posted Jul 23rd 2009 8:00AM by Mark Fightmaster (RSS feed)
Filed under: Earnings Reports
Bright and early this morning, Roche Group (OTC: RHHB) announced first-half earnings and upped its annual earnings goal, thanks to impressive sales of Tamiflu. Roche's first-half profit (it only reports earnings twice) dropped 29% to $3.8 billion as the company was hit by costs related to its purchase of Genentech. That said, Roche upped its earnings guidance and forecast double-digit core earnings growth in both 2009 and 2010 -- the earlier forecast called for earnings to stay at 2008 levels.
Continue reading Roche sees solid first-half profits
Posted Apr 30th 2009 9:30AM by Steven Mallas (RSS feed)
Filed under: Earnings Reports, American Express (AXP), MasterCard Inc'A' (MA), Visa Inc. (V)
Visa (NYSE: V), whose colleagues include American Express (NYSE: AXP), MasterCard (NYSE: MA), and Discover Financial Services (NYSE: DFS), reported a Q2 profit on Wednesday that was surprisingly strong. On an adjusted basis, earnings came in at 73 cents per share. Analysts were banking on only 64 cents per share, according to Reuters.
Quite frankly, I can see the disparity between Wall Street's thinking and the ultimate reality. I mean, the economy has been bad (to state the obvious), and people aren't spending as much. This means that they aren't using their credit cards like they used to. Ergo, you might expect Visa to post a lower number.
Continue reading Let's give Visa some credit for its Q2 performance
Posted Apr 30th 2009 9:00AM by Steven Mallas (RSS feed)
Filed under: Earnings Reports, McDonald's (MCD), Yum Brands (YUM), Wendy's Intl (WEN), Burger King Hldgs (BKC)
Burger King (NYSE: BKC), a fast-food joint that competes with McDonald's (NYSE: MCD), Yum! Brands (NYSE: YUM), and Wendy's/Arby's Group (NYSE: WEN), issued its Q3 report on Wednesday. The top line didn't do much, rising only 1% in the face of difficulties with currency translations. Earnings came in at 34 cents per share. That was one penny better than Wall Street's expectations, according to Reuters.
It's always good to beat the earnings call. But Burger King didn't get much mileage out of that victory. The stock actually sold off 3% on the news, closing yesterday at a fresh 52-week low of $16.55. The big catalyst was the conservative fiscal-year guidance.
Continue reading Burger King beats expectations, but will swine flu affect the fiscal year?
Posted Apr 28th 2009 4:00PM by Jon Ogg (RSS feed)
Filed under: Citigroup Inc. (C), American Express (AXP), Bank of America (BAC), Mattel, Inc (MAT), Alcatel-LucentADS (ALU)

Less-bad
housing data from Case-Shiller was trumped after a
much more positive consumer confidence report came out this morning. Swine flu was all over the media today, but not with as much financial impact.
Here are today's unofficial closing bell levels:
Dow 8,016.95 -8.05 (-0.10%)
S&P 500 855.16 -2.35 (-0.27%)
Nasdaq 1,673.81 -5.60 (-0.33%)
Top Analyst UpgradesTop Analyst DowngradesContinue reading Closing Bell: Mixed day, traders in the blender (ALU, AXP, BAC, C, MAT)
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