Monthly Archive:: January 2013

SanDisk’s quarterly revenue tops expectations

Chipmaker SanDisk Corp’s fourth-quarter revenue topped analysts’ expectations,  helped by strong growth in solid-state drives. SanDisk earned $214 million, or 87 cents per share, in the December quarter, on revenue of $1.54 billion. Excluding items, it earned $1.05 a share. Analysts on average were expecting revenue of $1.526 billion, according to Thomson

McDonald’s Net Up 1.4%, U.S. Business Rebounds

  McDonald’s Corp.’s (MCD) fourth-quarter profit rose 1.4% as the company’s U.S. sales trends rebounded and its profitability improved, though business in Europe and Japan continued to lag. McDonald’s, the world’s largest fast-food chain, has seen its quick fixes for the U.S. business prove successful. It recently went back to advertising its

Apple May See Earnings Drop, but Outlook is Key

Apple Inc. (AAPL) may report its first quarterly earnings decline in nearly 10 years Wednesday afternoon, though investors’ attention is already fixated on the company’s outlook amid worries of a rapid slowdown in iPhone 5 demand. The launch of so many new products–including the iPhone 5 and iPad mini–in the last part

This Earnings Season, Company Revenue Is Up to Snuff

Companies’ sales look like they are starting to recover from a six-month slump. So far this quarter, 66% of companies have reported revenue higher than Wall Street expected, according to Thomson Reuters. While that is slightly above the historical percentage–an average of 62% have beaten sales expectations since 2002–it constitutes a shift

AMR Swings to 4th-Quarter Profit on Tax Benefit; Posts Annual Loss of $1.88 Billion

AMR Corp. (AAMRQ) swung to a fourth-quarter profit as the parent of American Airlines posted a net benefit of $350 million from an income tax benefit and the settlement of a commercial dispute. Still the carrier posted an annual loss of $1.88 billion, mostly on a net $1.7 billion in reorganization-related and

U.S. Retail Sales Climb in Dec.; N.Y. Manufacturing Falls

 U.S. retail sales rose more than expected in December as holiday shoppers appeared to shrug off fiscal-cliff worries, though future gains could be limited as workers’ paychecks are set to shrink. Retail and food-service sales increased 0.5% in the final month of 2012 to a seasonally adjusted $415.70 billion, the Commerce Department

Scans – 15th January 2013

AAMRQ – Top short on any weak bounce. AVTC – This is a classic breakout. Unfortunately I am long-term short and holding my short painfully. BIOL – Watching this one for a parabolic move to take a short position. NENE UNXL – This one is getting choppy and might not be great

UPS, TNT Deal Falls Apart

  United Parcel Service Inc. (UPS) said Monday it has abandoned its protracted, $6.8 billion bid to take over smaller Dutch parcel-delivery company TNT Express NV (TNTEY), after encountering unexpectedly stiff objections to the deal from the European Commission’s antitrust regulator. Despite months of negotiations, UPS said it expects the Commission to

Apple Cuts Orders for iPhone Parts as Demand Slips

 Apple cuts orders for iPhone 5 components due to weaker-than-expected demand, people familiar with the situation say. iPhone 5 screens for January-March quarter have dropped roughly half of what the company had previously planned to order, they say Apple Inc. (AAPL) has cut its orders for components for the iPhone 5 due

Scans – 14th January 2013

AAMRQ – Great squeezer. Looking to short this one into any big parabolic move. Ideally would love the 1.90s to short into. TELK – Get mid-day spike along with volume. Won’t touch this one yet on the short side. Let it show signs of weakness first. Ideally looking for morning spike and