Shares of wireless chip maker Qualcomm (QCOM: Charts, News, Offers) plunged this week after the company reported its second quarter earnings, which topped analyst estimates but fell short on guidance. Qualcomm reported earnings of $1.01 per share on…
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Qualcomm’s (QCOM) Weak Guidance Sinks Shares
April 23rd, 2012Earnings Bring Stocks Slightly Up (GE, NFLX)
April 20th, 2012Markets were mixed but for the most part slightly up today, as the week’s corporate earnings calls outweighed less than inspiring economic data. General Electric (GE) saw a 1 percent increase in its operating earnings, though general revenue was do…
Weekly Winners and Losers: GE, MS, C
April 20th, 2012 Weekly Wrap Up
Markets were largely flat for the week, as several big earnings calls beat expectations but economic data remained mixed. Jobless claims fell by far less than economists had forecasted last week. On the other hand, consumer retail spe…
American Express (AXP) Tops Street Expectations on Strong Affluent Spending
April 20th, 2012On Wednesday, credit card giant American Express (AXP: Charts, News, Offers) topped Wall Street expectations with strong first quarter earnings fueled by increased spending from its affluent customer base. The firm reported first quarter net income …
Jobless Data Sends Down Major Indices (SBUX, MS)
April 19th, 2012Major indices were down by over half a percent today, as investors reacted to negative economic data. In particular, despite the fact that there were 2,000 fewer jobless claims last week than the week before, economists had expected there to be 18,…
Can Pepsi (PEP) Follow Coca-Cola’s (KO) Lead?
April 19th, 2012This week, Coca-Cola’s (KO: Charts, News, Offers) stronger than expected earnings has caused investors to think twice about its often overlooked peer, Pepsico (PEP: Charts, News, Offers) – the producer of Pepsi, Mountain Dew, Gatorade, Doritos, Ruff…
SELL OFF – Half of Tuesday’s Gains Erased (XOM, VZ)
April 18th, 2012A day after thrilling broad market gains, finishing at the highest peaks this months, exchanges pulled back Wednesday. Growing negative sentiment among some investors who affirm the temporary global hubris and stock price boosts as a result of cent…
Stocks Rally on German Confidence (GS, FSLR)
April 17th, 2012Survey results on German sentiment as well as a decline in Spanish bond yields led to a tremendous market rally today, with major indices up around 1.5 percent. In corporate news, Goldman Sachs (GS) experienced a year over year decline in Q1; a 16 …
Coinstar (CSTR) Shares Surge on Increased First Quarter Guidance
April 17th, 2012Shares of Coinstar (CSTR: Charts, News, Offers), the parent company of movie-rental kiosk operator Redbox, rallied strongly at the end of last week, topping off its 44% increase over the past year. Coinstar revised its first quarter estimates on bot…
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Uncertainty in Europe Brings Major Indices Down (GE, NFLX)
April 23rd, 2012Political turnover in the Dutch and French governments was a source of investor unease today, as most major indices fell by nearly 1 percent. Also of concern was a report from China that manufacturing had slowed down. Facebook reported that its sal…
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