New technology spawns still more technology. Such is the case with smart phones. Entrepreneurs have found a way to facilitate buying with your smart phone. Companies like Intuit (INTU) and VeriFone (PAY) have created a card reader that can be inserted into your iPhone (AAPL) or other smart phone. Then you can swipe a credit card through the reader and use it to make online purchases.

The potential of this new technology is enormous. Analysts estimate that the industry will grow to $11 billion this year.

Continue reading Card Readers to Generate $11 Billion in Sales

Card Readers to Generate $11 Billion in Sales originally appeared on BloggingStocks on Mon, 14 Feb 2011 09:40:00 EST. Please see our terms for use of feeds.

"You may currently use your smartphone for making calls, checking the Internet and snapping the occasional photo; but wouldn't it be convenient if it served as a credit card as well?" asks Dr. Melvin Pasternak.

The editor of Double-Digit Trading suggests, "Sound unreal? It's not. Mobile banking is a new and fast-growing trend. And one company making this possible is VeriFone Systems (PAY).

"Using small chips that emit short-wave signals, banking information can be securely transmitted from your smartphone to the cash register. You can make purchases by simply waving your phone over the store's chip.

Continue reading VeriFone (PAY): Smartphone Credit Cards?

VeriFone (PAY): Smartphone Credit Cards? originally appeared on BloggingStocks on Thu, 30 Sep 2010 13:30:00 EST. Please see our terms for use of feeds.

Continue reading Investors Pay-Up for VeriFone

Investors Pay-Up for VeriFone originally appeared on BloggingStocks on Wed, 25 Aug 2010 14:00:00 EST. Please see our terms for use of feeds.

Continue reading VeriFone Gets Some iPhone Pizazz

VeriFone Gets Some iPhone Pizazz originally appeared on BloggingStocks on Wed, 03 Mar 2010 14:40:00 EST. Please see our terms for use of feeds.

Continue reading Could Mobile Payment Become a Common, Easy Reality?

Could Mobile Payment Become a Common, Easy Reality? originally appeared on BloggingStocks on Wed, 30 Dec 2009 10:40:00 EST. Please see our terms for use of feeds.

In last week's preview we took a peek at expectations for Campbell Soup earnings, but now the company is scheduled to report fiscal fourth quarter results this coming Thursday. With Krispy Kreme also among the handful of companies scheduled to report this week, we may yet see whether consumers are turning to comfort foods in these uncertain times.

Campbell Soup Co. (NYSE: CPB), the world's biggest soup maker, is still expected by analysts surveyed by Thomson Financial to post net income of 25 cents per share (up 44.0% from a year ago) on revenue of $1.7 billion (up 7.4%). The Camden, N.J.-based company has just missed earnings estimates in the past few quarters. Its long-term EPS growth forecast is 7.9%, which is less than the industry average, but about the same as rivals Kraft Foods (NYSE: KFT) and HJ Heinz (NYSE: HNZ). The analysts' consensus recommendation is currently to buy Campbell.

Hip, Canadian apparel retailer Lululemon Athletica Inc. (NASDAQ: LULU) is also anticipated to be a big earnings gainer when it reports this week. Net income is expected to come in at 13 cents per share (up 46.2% from a year ago) on revenue of $88.2 million (up 50.3%). Lululemon met expectations when it reported 12 cents per share in the previous quarter. Its long-term EPS growth forecast is a healthy 40.2%, which is better than the industry average and that of rival Under Armour Inc. (NYSE: UA). The analysts' consensus recommendation is currently to buy Lululemon.

Continue reading The week in preview: Chicken soup (or a doughnut) for the recession-weary soul?

The week in preview: Chicken soup (or a doughnut) for the recession-weary soul? originally appeared on BloggingStocks on Sun, 07 Sep 2008 12:30:00 EST. Please see our terms for use of feeds.

Here are some highlights from this past week's earnings coverage from BloggingStocks:

• Amgen Inc. (NASDAQ: AMGN) earnings potential due to its denosumab is expected to rise substantially.
• Barnes & Noble Inc. (NYSE: BKS) beat low Q2 expectations but forecast a loss in Q3.
• BJ's Wholesale Club Inc. (NYSE: BJ) beat Q2 profit estimates and announced share buybacks.
• BWAY Holding Co. (NYSE: BWY) topped Q3 expectations on cost containment and increased productivity.
• Fuqi International Inc. (NASDAQ: FUQI) beat Q2 expectations and offered Q3 and full-year guidance.
• Gap Inc. (NYSE: GPS) reported higher Q2 earnings but lower sales, dragged down by Old Navy.
• Hewlett-Packard Corp. (NYSE: HPQ) reported strong Q3 earnings results due to its global reach.
• Home Depot Inc. (NYSE: HD) Q2 results fell more than expected, but it reaffirmed its earnings forecast.
• Lehman Brothers Holdings Inc. (NYSE: LEH) may post preliminary results (another loss) before Sept.
• Lowe's Cos. Inc. (NYSE: LOW) posted better-than-expected Q2 profits but offered a cautious sales forecast.
• Pacific Sunwear of California Inc. (NASDAQ: PSUN) weak guidance lead to analyst downgrades.
• Salesforce.com Inc. (NYSE: CRM) posted strong Q2 results and announced an aquisition.
• VeriFone Holdings Inc. (NYSE: PAY) offered a positive outlook, which sent shares soaring.

For more highlights from this week, see: Hershey, Heinz, Burger King, Foot Locker, Saks and others

Upcoming quarterly reports include Big Lots (NYSE: BIG), Borders (NYSE: BGP), Rio Tinto (NYSE: RTP), Tivo (NASDAQ: TIVO), Novell (NASDAQ: NOVL), Dell (NASDAQ: DELL), Sears (NASDAQ: SHLD), and Tiffany (NYSE: TIF).

Visit AOL Money & Finance for more earnings coverage.

Earnings highlights: Home Depot, Lehman, Hewlett-Packard, Gap, BJ's and others originally appeared on BloggingStocks on Sat, 23 Aug 2008 09:40:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• JMP Securities said checks indicate Oracle's (NASDAQ:ORCL) business is slowing along with enterprise software spending. The firm downgraded shares to Market Outperform from Strong Buy.
  
• VeriFone (NYSE:PAY) was downgraded to Neutral from Buy at Merrill Lynch following its announcement it would restate 2007 financials due to errors.
  
• Goldman lowered its rating on Air France (NYSE:AKH) to Neutral from Buy to reflect lower revenue and higher fuel cost assumptions.

• Punk Ziegel downgraded Lehman (NYSE:LEH), Goldman (NYSE:GS) and Bear Stearns(NYSE:BSC) to Sell from Market Perform. Banc of America lowered Tiffany (NYSE:TIF) To Neutral from Buy.
  

Analyst downgrades: ORCL, PAY and AKH originally appeared on BloggingStocks on Tue, 04 Dec 2007 11:07:00 EST. Please see our terms for use of feeds.

Continue reading VeriFone (PAY) plunges on accounting gaffe

VeriFone (PAY) plunges on accounting gaffe originally appeared on BloggingStocks on Tue, 04 Dec 2007 09:22:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Friedman Billings views Marriott International's (NYSE: MAR) relatively low-risk, capital efficient fee income model as an attractive investment opportunity and started shares with an Outperform rating.

• Wedbush believes VeriFone Holdings (NYSE: PAY) is on the highest quality names in the space given the company's superior growth, high margins and consistent execution and started shares with a Strong Buy rating.

• Rodman believes Generex Biotech's (NASDAQ: GNBT) oral insulin, Oral-lyn could be a significant player in the non-injectable insulin market and initiated shares with an Outperform rating.

• Quality Systems (NASDAQ: QSII) was initiated with a Market Weight rating at Thomas Weisel.

• Morgan Keegan started Owens Corning (NYSE: OC) with a Market Perform rating citing the slowdown in the North American housing market.

• William Blair started Cepheid (NASDAQ: CPHD) with an Outperform rating.

• Kaufman started Glu Mobile Inc (NASDAQ: GLUU) with a Buy rating.

• Fuel Tech Inc (NASDAQ: FTEK) was started with a Buy rating.

• Wedbush initiated shares of Hypercom Corp (NYSE: HYC) with a Hold rating.

• Archer Daniels Midland Co (NYSE: ADM) was initiated with an Accumulate rating at Buckingham.

Analyst initiations 6-12-07: ADM, GNBT, MAR and PAY originally appeared on BloggingStocks on Tue, 12 Jun 2007 11:21:00 EST. Please see our terms for use of feeds.

• Markets closed for Memorial Day holiday.
• PDUFA date for MedImmune Inc's (NASDAQ: MEDI) sBLA for CAIV-T.

• Cisco Systems Inc (NASDAQ: CSCO) to hold webcast at 4:30pm to discuss newly announced Mobility Solutions.
• Verifone Holdings Inc (NYSE: PAY) to report Q2 earnings; conference call at 4:30pm.
• BMC Software Inc (NYSE: BMC) to report Q4 earnings; conference call at 5pm.

• Polo Ralph Lauren Corporation (NYSE: RL) to report Q4 earnings; conference call at 9am.
• ExxonMobil Corporation (NYSE: XOM) to hold shareholders meeting at 10am.

• Tiffany & Co. (NYSE: TIF) to report Q1 earnings; conference call at 8:30am.
• Costco Wholesale Corporation (NASDAQ: COST) to report Q3 earnings; conference call at 11am.
• Dell Inc (NASDAQ: DELL) to report Q1 earnings after market close.
• Novellus Systems Inc (NASDAQ: NVLS) to hold mid-quarter update conference call at 4:30pm.

• Weyerhauser Company (NYSE: WY) to hold analyst meeting at 9am.

Market highlights for next week: Markets closed Monday originally appeared on BloggingStocks on Fri, 25 May 2007 15:30:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• UBS initiated shares of Activision, Inc (NASDAQ: ATVI), THQ Inc (NASDAQ: THQI) and GameStop Corp (NYSE: GME) with Buy ratings. Electronic Arts Inc (NASDAQ: ERTS) and Take-Two Interactive Software, Inc (NASDAQ: TTWO) were initiated with Neutral ratings...

• Aeropostale, Inc (NASDAQ: ARO) was initiated at CIBC with a Sector Outperform rating.

• NYSE Euronext (NYSE: NYX) was started with a Sell rating and $75 target at Banc of America.

• Wachovia initiated VeriFone Holdings, Inc (NYSE: PAY) with an Outperform rating.

• CastlePoint Holdings (NASDAQ: CPHL) was started at both Keefe Bruyette and Friedman Billings with an Outperform rating.

Analyst initiations 5-02-07: ATVI, ERTS, NYX and TTWO originally appeared on BloggingStocks on Wed, 02 May 2007 11:32:00 EST. Please see our terms for use of feeds.

Cramer's Christmas stock(ing) stuffers originally appeared on BloggingStocks on Tue, 19 Dec 2006 18:21:00 EST. Please see our terms for use of feeds.