Monthly Archive:: January 2009

What Happened In The Market Today…28 Jan 09

What’s Happening In The Market Now…… Stocks jumped up at the open this morning. Investors appear to be looking to the massive government spending to jolt the economy out of a yearlong recession that is the most severe in decades. Investors think the Federal Reserve is all but certain to leave its

FDIC May Run "Bad Bank"

Bloomberg has an article on: FDIC may run Bad Banks The Federal Deposit Insurance Corp. may manage the so-called bad bank that the Obama administration is likely to set up as it tries to break the back of the credit crisis. U.S. stocks gained, extending a global rally, on optimism the bad-bank

Are Stocks Undervalued Right Now ?

In 2008, the U.S. stock market went from gangbusters to just plain busted: The world’s most watched equity index, the Dow Jones Industrial Average, plummeted 30%, while the S&P 500 plunged 45% to an 11-year low. All in all, it was the most severe annual loss for both indexes since the Great

Earning News – 27th Jan 09

Lexmark Guides Above EstimatesLexmark International Inc. (LXK) said it expects first quarter earnings of $0.65 to $0.75 per share, excluding a restructuring charge of $0.13 per share. The current consensus earnings estimate is $0.63 per share for the quarter ending March 31, 2009. Kinetic Concepts Guides Above EstimatesKinetic Concepts Inc. (KCI) said

What Happened In The Market Today…27 Jan 09

What’s Happening In The Market Now… The markets opened the day mixed as earnings reports continue to paint a mixed picture. States Steel Corp. (X) and American Express Co. (AXP) managed to post profits while DuPont (DD) said it swung to a fourth quarter loss and Yahoo (YHOO) fourth-quarter earnings are expected

Earning News – 26th Jan 09

McKesson Raises GuidanceMcKesson Corp. (MCK) said it now expects 2009 earnings of $4.15 to $4.30 per share, excluding items. The company’s previous guidance was earnings of $4.00 to $4.15 per share and the current consensus earnings estimate is $4.01 per share for the year ending March 31, 2009. Coventry Health Care ReaffirmsCoventry

71400: Number Of Jobs Cut In A Single Day

CNN Money has an article on the current job loss: Bloody Monday: Over 71,400 jobs lost The final week of January began with a bloodbath for the job market, as over 71,400 more cuts were announced on Monday alone. At least six companies from manufacturing and service industries announced cost-cutting initiatives that

What Happened In The Market Today…26 Jan 09

What’s Happening In The Market Now… Stocks were cautiously up at the open this morning. The announcement of Pfizer’s (PFE) acquisition of Wyeth (WYE) shows deals are possible even in a recession. Caterpillar (CAT) said it was “whipsawed” in the final three months of 2008 as a sharp drop in economic conditions

What Happened In The Market Today…23 Jan 09

What’s Happening In The Market Now… The market was down sharply at the open once again this morning. Corporate earnings reports continue to come in short of estimates and increase fears about the extent of the recession. The British government released data showing the country’s economy shrank 1.5 percent in the fourth

Earning News – 22nd Jan 09

LSB Industries Guides Above Revenue EstimatesLSB Industries Inc (LXU) said it expects fourth quarter revenue of approximately $179.1 million. The current consensus estimate is revenue of $148.3 million for the quarter ending December 31, 2008. Matthews Reaffirms Above EstimatesMatthews International (MATW) said it is cautious about 2009, but continues to expect earnings