FeedPosted Nov 19th 2009 7:40AM by Melly Alazraki (RSS feed)
Filed under: Before the bell, Microsoft (MSFT), Dell (DELL), Hewlett-Packard (HPQ), Market matters, JPMorgan Chase (JPM), Sears Holdings (SHLD), Gap Inc (GPS), Economic data, salesforce.com inc (CRM)

U.S. stock futures declined Thursday morning, pointing to a lower start on Wall Street as investors started weighing the possibility that stocks have run up too far and too fast ahead of the economy -- the economic recovery may not be as robust. The retail sector is in focus with several retailers reporting earnings. The tech sector could also experience pressure.
On Wednesday, stocks ended lower with technology shares leading the decline, and the Nasdaq composite down nearly half a percent. Results from Salesforce.com (CRM) and Autodesk (ADSK) weighed on the sector as Hewlett-Packard (HPQ) and Microsoft (MSFT) were among the leading decliners in the Dow.
Continue reading Before the bell: Futures lower on economic concerns; retail, tech in focus
Posted Nov 18th 2009 2:30PM by Tom Taulli (RSS feed)
Filed under: JPMorgan Chase (JPM), Morgan Stanley (MS), Initial public offerings

As companies get more reliant on technologies, the risks increase substantially because of the explosion of security threats. As a result, spending on information technology (IT) security software continues to grow at a hefty rate -- despite the recession.
One of the clear beneficiaries is Fortinet, which
launched its IPO today. The company issued 12.5 million shares at $12.50 each (the price range was $9 to $11). The underwriters on the deal included Morgan Stanley (
MS), JP Morgan (
JPM) and Deutsche Bank Securities (
DB).
What makes Fortinet different? Keep in mind that the traditional approach to IT security is to implement a variety of different products, like firewalls, filtering, etc. However, this can be expensive and bog down network performance.
Continue reading Investors feeling secure with Fortinet
Posted Nov 13th 2009 4:40PM by Tom Johansmeyer (RSS feed)
Filed under: Management, JPMorgan Chase (JPM), Bank of America (BAC), CIT Group (CIT)

It's still a tough time to be a
CEO. In October, 89 top dogs moved on (by choice
or not). Though this is 15% lower than the 105 in September and 29% off the whopping 125 CEOs who turned over a year earlier, it's still a sign that "stability" doesn't equal "recovery."
The latest study that Challenger, Gray & Christmas revealed to BloggingStocks reports that October was the eighth month this year in which CEO turnover was down year-over-year. Through the end of last month, 1,028 CEO positions changed hands -- down 18% from the 1,257 by the same point in 2008. In fact, the tally for the first 10 months of 2009 is the lowest since 2004, when the big office found only 561 new inhabitants.
The financial industry remains the toughest place for CEOs, with 19 leaving the job last month. Even though the situation has gotten easier, this industry still has the highest turnover. For the year, approximately 10% of all CEO departures (106) have been in the financial sector. "The financial industry is still incredibly volatile, as both October and September saw major announcements from leading companies including JP Morgan Chase (JPM), Bank of America (BAC) and last month's bankruptcy of CIT Group, which led to the exit of CEO Jeffrey Peek," John A. Challenger, chief executive officer of Challenger, Gray & Christmas, says.
Continue reading CEO turnover down, not out
Posted Nov 13th 2009 2:40PM by Tom Taulli (RSS feed)
Filed under: JPMorgan Chase (JPM), Bank of America (BAC), Goldman Sachs Group (GS), Initial public offerings

The teen market can be extremely difficult and competitive, especially with the fickle changes in tastes. But, rue21 has been able to beat the odds and as a result, has become a strong growth company.
To continue the momentum, rue21
launched its IPO today. The company issued 6.77 million shares at $19 each (the price range was $16 to $18). The lead underwriters included BofA Merrill Lynch (
BAC), Goldman Sachs (
GS) and J.P.Morgan (
JPM).
Interestingly enough, rue21 has a spotty past. Keep in mind that in 2002 the company filed for bankruptcy. However, a new management team has certainly made the right moves to get things back on track.
Continue reading rue21 tries on an IPO
Posted Nov 10th 2009 10:00AM by Jim Cramer (RSS feed)
Filed under: Microsoft (MSFT), Apple Inc (AAPL), Cisco Systems (CSCO), Dell (DELL), Hewlett-Packard (HPQ), Intel (INTC), Home Depot (HD), Motorola (MOT), Market matters, International Business Machines (IBM), JPMorgan Chase (JPM), Goldman Sachs Group (GS), Lowe's Cos (LOW), Cypress Semiconductor (CY), Stocks to Buy, Cramer on BloggingStocks
TheStreet.com's Jim Cramer says that as numerous stories are mulled over anew, the reasons for selling seem silly. The lack of important data today forces market participants to revisit stories that got tossed out over the last few weeks simply because of earnings ennui. People are now doubling back to see what they have forgotten, or more important, why they sold certain stocks they most likely shouldn't have.
For example, why did JPMorgan (
JPM) (
Cramer's Take) go from $47 to $44? Bad loans? Credit quality? No, not really. Nothing like that. Why did Goldman Sachs (
GS) (
Cramer's Take) go from $192 to the $170s? Some of it was Meredith Whitney, but there is also a sense of entitlement that makes the firm hated, as if somehow it is too much of a pariah to invest in.
Continue reading Cramer on BloggingStocks: Investors are rethinking their snap judgments
Posted Oct 26th 2009 3:40PM by Zac Bissonnette (RSS feed)
Filed under: JPMorgan Chase (JPM), Bank of America (BAC), Financial Crisis

The rally in the stock market and the return to profitability for some of the top banks has been hailed as a sign of a turnaround -- and proof that the interventionist financial policies of the past year worked.
But not so fast. In reality, a huge chunk of the profits banks are earnings can be directly attributed to their ability to borrow money at artificially low interest rates.
According to a report from the Center for Economic and Policy Research found that below market interest rates offered by The Federal Reserve accounted for 41% of JPMorgan's profits. At Bank of America, the number was 47%.
Continue reading Bank profits come directly out of your pocket
Posted Oct 17th 2009 2:40PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Google (GOOG), General Electric (GE), Intel (INTC), International Business Machines (IBM), Nokia Corp. (NOK), Citigroup Inc. (C), Johnson and Johnson (JNJ), JPMorgan Chase (JPM), Advanced Micro Dev (AMD), Abbott Laboratories (ABT), Bank of America (BAC), Domino's Pizza (DPZ), Goldman Sachs Group (GS), Mattel, Inc (MAT), Allegheny Technologies (ATI), Harley-Davidson (HOG)
Continue reading Earnings highlights: C, GE, GOOG, HOG, INTC, IBM, JNJ, JPM, MAT, NOK ...
Posted Oct 17th 2009 11:40AM by Steven Mallas (RSS feed)
Filed under: Earnings reports, Citigroup Inc. (C), JPMorgan Chase (JPM), Bank of America (BAC), Goldman Sachs Group (GS), Financial Crisis
I don't think anyone could have had a positive reaction to Bank of America's (NYSE: BAC) third-quarter report, which was released on Friday. According to Bloomberg, management lost $1 billion in the past three months. Big ouch on that one. The financial institution bled 26 cents per diluted share. No earnings beat here, either. Wall Street sent shares down 4.6% by the end of yesterday's trading session.
The year-ago period was a happier time. Back then, Bank of America was rolling in the dough, posting a profit of 15 cents per share. What a difference 12 months makes. Looking at the nine-month record perhaps gives a small amount of comfort to shareholders. The company made 39 cents per diluted share. Of course, that doesn't sit too well next to the $1.09 per diluted share booked in the comparable period. But at least it's not a loss, know what I mean?
Continue reading Bank of America loses a lot of money in Q3
Posted Oct 16th 2009 9:20AM by Sheldon Liber (RSS feed)
Filed under: Major movement, Earnings reports, Forecasts, Good news, Rants and raves, General Electric (GE), Intel (INTC), Market matters, International Business Machines (IBM), JPMorgan Chase (JPM), Goldman Sachs Group (GS), Serious Money, DJIA

For the past 48 hours people have been asking me if I thought the market would pull back after the Dow Jones Industrial Average surpassed the milestone of 10,000. Business journalist's and guru's alike have suggested that there might be some profit taking or "selling into strength" and the recent highs would not hold.
As the market proved yesterday, up about a half percent across the board, with the Dow closing at 10,062.94, up 47.08 in last-minute buying -- that is just a lot of noise.
Continue reading Serious Money: Dow 10,000 is meaningless
Posted Oct 15th 2009 7:35AM by Melly Alazraki (RSS feed)
Filed under: Before the bell, International markets, Earnings reports, Intel (INTC), Market matters, Citigroup Inc. (C), JPMorgan Chase (JPM), Goldman Sachs Group (GS), Economic data

U.S. stock futures were mixed to lower Thursday morning, trading in a tight range as investors look beyond Dow 10,000. Another wave of earnings is due out today, including from financial giants Citigroup (NYSE: C) and Goldman Sachs (NYSE: GS). Also, a slew of economic releases will be reported, including inflation and two key regional indexes. [[
Update 8:15 a.m.: Futures turned lower after Goldman's results.]]
Wall Street rallied Wednesday on earnings optimism, following upbeat profit reports from Intel (NASDAQ: INTC) and JPMorgan Chase (NYSE: JPM). It was enough to lift the Dow industrials to its first close above 10,000 in a year. But some, like my colleague Dan Burrows, think it
won't last.
Continue reading Before the bell: Futures turn lower after Goldman's results
Posted Oct 14th 2009 7:40AM by Melly Alazraki (RSS feed)
Filed under: Before the bell, International markets, Earnings reports, Intel (INTC), Market matters, JPMorgan Chase (JPM), Economic data, Oil, Federal Reserve

U.S. stock futures were sharply higher Wednesday morning following surprisingly strong profit and outlook from Intel and much stronger-than-forecast results from J.P. Morgan Chase. In fact, stock futures rallied enough to send the Dow Jones Industrial Average within reach of the 10,000 mark.
Giant chip maker
Intel (NASDAQ:
INTC) reported late Tuesday earnings and revenue that
topped Wall Street's estimates. It also issued an upbeat outlook, saying that as it has been saying for months, the PC market has been rebounding.
JPMorgan Chase (NYSE: JPM) reported third-quarter earnings Wednesday morning. Its reported 82 cents earnings per share is much more than the 49 cents EPS that was expected by Street analysts. However, somewhat sobering is its loan losses, which are still high and are expected to remain that way for the foreseeable future.
Continue reading Before the bell: Futures sharply higher following Intel, JPMorgan Chase results
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