Shares of search giant Google (GOOG: Charts, News, Offers) slid last Friday despite posting strong first quarter earnings that topped analyst estimates. The Mountain View, California-based company posted a profit of $8.75 per share, or $2.89 billion…
Market Commentary
Google (GOOG) Faces Major Challenges in 2012
April 16th, 2012Stocks End Down on Uncertain Economic Picture
April 13th, 2012 Weekly Wrap Up
Major indices were down this week even as low foreclosures rates gave investors some signs of hope, but other signs from the economy were negative. For instance, jobless claims rose, and signs from the Chinese economy seem to point to…
Game Over for Sony (SNE)
April 13th, 2012This week, shares of electronics giant Sony (SNE: Charts, News, Offers) plunged to fresh lows after it doubled its annual loss forecast to a record $6.4 billion. The Tokyo-based company, which has seen its shares plunge nearly 40% over the past twel…
Markets Rally on Low Foreclosure Rates (HPQ, GS)
April 12th, 2012Major indices rallied today, increasing by almost 1.5 percent each. The biggest cause of this increase was data on foreclosures, which are at a 5-year low, the lowest they have been since before the onset of the recession. Leading the Dow up today …
Alcoa (AA) Posts a Surprising Profit, Defying Bearish Expectations
April 12th, 2012Aluminum producer Alcoa (AA: Charts, News, Offers) kicked off earnings season on Wall Street on Tuesday, reporting a massive improvement over its previous quarter and forcing analysts to rethink their bearish sentiments. Alcoa reported its first qua…
SuperValu (SVU) Stock Up Sharply Despite Loss
April 11th, 2012Shares of supermarket operator SuperValu Inc. (SVU: Charts, News, Offers), rose sharply on Tuesday after the company reported significantly lower fourth quarter earnings. SuperValu stock rose +0.81 or +15.2 percent Tuesday, on heavy volume of 38,452…
America Online (AOL) Sells its Patents to Microsoft (MSFT) for $1.1 Billion
April 10th, 2012On Monday, shares of America Online (AOL: Charts, News, Offers) surged over 40% after it announced that it was selling 800 patents to Microsoft (MSFT: Charts, News, Offers) for $1.1 billion in cash. The huge infusion of cash increases AOL’s cash per share by $15, a massive boost for a stock that ended last week
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Disappointing Employment Numbers Send Down Major Indices (MSFT, SNE)
April 9th, 2012Stocks fell sharply today, as an employment report on March disappointed investors. Only 120,000 jobs were created in March, nearly half the monthly job creation of the two prior months. In corporate news, Microsoft (MSFT) will be buying 800 AOL (A…
Bed Bath & Beyond (BBBY) Tops Estimates, Shares Surge
April 9th, 2012Last Thursday, shares of Bed Bath & Beyond (BBBY: Charts, News, Offers) rallied 8.5% into the end of the week after it reported strong fiscal 2011 earnings along with optimistic guidance for 2012. Shares were notably trading at five times normal…
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Stocks Down on Chinese Economic Worries (JPM, GOOG)
April 13th, 2012Stocks were down today as news about a decline in GDP growth in China and reduced consumer sentiment in the US created pessimism among investors. In corporate news, JPMorgan (JPM) had a remarkable Q1, bringing in $27 billion in revenue. Meanwhile, …
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