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Soft drink giant The Coca-Cola Company (NYSE: KO) will be reporting its third quarter numbers tomorrow before the market opens.
Bank of America Corporation (NYSE: BAC) stock is falling with other banks this morning after an analyst at Oppenheimer cut earnings estimates for many major banks, predicting bank losses will be the highest in the past 20 years or more due to greater individual defaults on mortgages and other loans. The analyst cut BAC's first-quarter EPS estimate to $0.92 per share from $1.01 per share, and cut BAC's fiscal-2008 estimate to $3.65 per share from $4.10 per share. Also contributing to the finance woes is Goldman Sach (NYSE: GS)'s news it expects further writedowns. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on BAC.Continue reading Bank of America (BAC) pushed down by finance woes
Will eBay (NASDAQ: EBAY) swing wildly on earnings? It is a possibility looking back at some of the past moves of this stock. While I can't tell you what will happen, I can tell you what has happened the last time the company has failed to meet expectations ... it plummeted 21%!
Looking back over the last three years, the stock has moved on average of 8.1% on earnings. (That is the close of the day before earnings to the close the day after earnings.) Sometime it was up; sometimes down. In the fourth quarter of '04, the stock reported 16 cents per share against expectations of 18 cents per share and plummeted 21.7%. But don't auction off those shares just yet. In the second quarter of '05 the stock surprised with 22 cents when Wall Street was expecting 18 cents and the stock surged a whopping 19%. More recently, in the fourth quarter of 06, the stock came in with 31 cents, beating 28 cents expectations and gained 13.4%.
| # | Blogger | Posts | Cmts |
|---|---|---|---|
| 1 | Joseph Lazzaro | 107 | 0 |
| 2 | Tom Johansmeyer | 98 | 3 |
| 3 | Connie Madon | 50 | 0 |
| 4 | Steven Mallas | 43 | 0 |
| 5 | Mark Fightmaster | 42 | 0 |
| 6 | Tom Taulli | 40 | 0 |
| 7 | Steven Halpern | 31 | 0 |
| 8 | Trey Thoelcke | 29 | 0 |
| 9 | Melly Alazraki | 26 | 0 |
| 10 | Zac Bissonnette | 24 | 0 |
| 11 | Paul Foster | 24 | 0 |
| 12 | Brian White | 22 | 0 |
| 13 | Brent Archer | 21 | 0 |
| 14 | Jon Ogg | 21 | 0 |
| 15 | Jim Cramer | 21 | 0 |
| 16 | Elizabeth Harrow | 18 | 0 |
| 17 | Eric Buscemi | 17 | 0 |
| 18 | Sheldon Liber | 13 | 0 |
| 19 | Michael Fowlkes | 8 | 0 |
| 20 | Beth Gaston Moon | 8 | 0 |
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