Stock Blogs
Mark Hurd to Replace Oracle's Larry Ellison?
Filed under: Hewlett-Packard (HPQ), Oracle Corp (ORCL)
The Wall Street Journal reports that the former chief executive of Hewlett-Packard (HPQ), Mark Hurd, is in talks with enterprise software maker Oracle (ORCL) about becoming an executive there. Hurd left HP in early August following allegations of sexual harassment by a former contractor. An investigation failed to find any evidence of sexual misconduct by Hurd.
What position Hurd may take up is unknown; Oracle's founder and CEO, Larry Ellison, will not be stepping down from his position, according to people familiar with the matter. Ellison did criticize HP's board for ousting Hurd, telling the New York Times that the board had failed to act in the best interest of its shareholders, employees and customers.
Continue reading Mark Hurd to Replace Oracle's Larry Ellison?
Mark Hurd to Replace Oracle's Larry Ellison? originally appeared on BloggingStocks on Mon, 06 Sep 2010 11:30:00 EST. Please see our terms for use of feeds.
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Laboring Through My Long-Term Portfolio
Filed under: Microsoft (MSFT), General Electric (GE), Coca-Cola (KO), Walt Disney (DIS)
Even though it's Labor Day, I thought I'd do a little work and take a look at my current long-term portfolio to see which stock I respect the most. I wish I respected them all equally, but alas, I don't.
Take Disney (DIS). I've talked ad infinitum of my displeasure with this holding. I know, I know, I should just sell already. Not a bad idea, and I hope to do it one of these days. Guess it's that long-term discipline in me. When I first bought the shares back in 1998, I didn't want to hop in and out of them; I wanted to dollar-cost-average into them over time. Unfortunately, the decade-plus performance hasn't been too rewarding. Set the following chart to the ten-year mark; see what I mean? And dividend growth has been awful. No, this has not been a very respectable equity for me.
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Laboring Through My Long-Term Portfolio originally appeared on BloggingStocks on Mon, 06 Sep 2010 10:00:00 EST. Please see our terms for use of feeds.
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Corn Prices Soar to a Record High for the Year
Filed under: International Markets, Commodities, Oil, Agriculture
Rumors move markets, especially the commodity markets. The story of the day is a rumor that corn yields will be lower than forecast. The United States Department of Agriculture (USDA) originally forecast corn yields to be 165 bushels per acre. However, with the weather being hotter and drier east of the Mississippi, yields could come in lower, as reported by the Associated Press.
That sparked a rally in corn futures with the December contract up 17 cents to $4.64 per bushel (each one cent equals $50). Wheat prices are benefiting from the drought in Russia and Russia's export ban. December wheat futures shot up 27.5 cents to $7.41 per bushel. Soybeans also were higher by 26 cents to $10.35 per bushel for the November contract.
Continue reading Corn Prices Soar to a Record High for the Year
Corn Prices Soar to a Record High for the Year originally appeared on BloggingStocks on Mon, 06 Sep 2010 09:00:00 EST. Please see our terms for use of feeds.
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GM CEO Pledges to Work with UAW; Concerns About IPO Arise
Filed under: General Motors (GM), Employees, Initial Public Offerings
In a Labor Day message to General Motors employees, his first companywide statement since becoming CEO, Dan Akerson pledged to cooperate with the United Auto Workers (UAW). "Coming from a union family, I know on a very personal level the good things that unions can do," said Akerson, GM's fourth chief executive since 2009.
The UAW will negotiate a new contract with GM next year, and it may attempt to restore losses it agreed to ahead of GM's bankruptcy. This is expected to be a challenge for Akerson, who has a reputation for telling subordinates to "stop complaining and start working."
Continue reading GM CEO Pledges to Work with UAW; Concerns About IPO Arise
GM CEO Pledges to Work with UAW; Concerns About IPO Arise originally appeared on BloggingStocks on Sun, 05 Sep 2010 13:40:00 EST. Please see our terms for use of feeds.
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GM CEO Pledges to Work with UAW; Concerns About IPO Arise
Filed under: General Motors (GM), Employees, Initial Public Offerings
In a Labor Day message to General Motors employees, his first companywide statement since becoming CEO, Dan Akerson pledged to cooperate with the United Auto Workers (UAW). "Coming from a union family, I know on a very personal level the good things that unions can do," said Akerson, GM's fourth chief executive since 2009.
The UAW will negotiate a new contract with GM next year, and it may attempt to restore losses it agreed to ahead of GM's bankruptcy. This is expected to be a challenge for Akerson, who has a reputation for telling subordinates to "stop complaining and start working."
Continue reading GM CEO Pledges to Work with UAW; Concerns About IPO Arise
GM CEO Pledges to Work with UAW; Concerns About IPO Arise originally appeared on BloggingStocks on Sun, 05 Sep 2010 13:40:00 EST. Please see our terms for use of feeds.
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The Week in Preview: Beige Book, Smithfield Foods, Talbots, Men's Wearhouse
Filed under: Earnings Reports, Forecasts, Smithfield Foods (SFD), Economic Data, Federal Reserve
The Federal Reserve's next Beige Book report is scheduled to be released this week. This report is a compilation of anecdotal information on current economic conditions from each of the 12 Federal Reserve Bank districts, and it is released eight times a year. The data comes from interviews with business contacts, economists, market experts, and other sources. While the June report showed modest growth across the districts, the July report showed that the economic recovery had slowed, even stalled in some districts.
Other economic data due out this holiday-shortened week include:
Continue reading The Week in Preview: Beige Book, Smithfield Foods, Talbots, Men's Wearhouse
The Week in Preview: Beige Book, Smithfield Foods, Talbots, Men's Wearhouse originally appeared on BloggingStocks on Sun, 05 Sep 2010 12:30:00 EST. Please see our terms for use of feeds.
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The Week in Preview: Beige Book, Smithfield Foods, Talbots, Men's Wearhouse
Filed under: Earnings Reports, Forecasts, Smithfield Foods (SFD), Economic Data, Federal Reserve
The Federal Reserve's next Beige Book report is scheduled to be released this week. This report is a compilation of anecdotal information on current economic conditions from each of the 12 Federal Reserve Bank districts, and it is released eight times a year. The data comes from interviews with business contacts, economists, market experts, and other sources. While the June report showed modest growth across the districts, the July report showed that the economic recovery had slowed, even stalled in some districts.
Other economic data due out this holiday-shortened week include:
Continue reading The Week in Preview: Beige Book, Smithfield Foods, Talbots, Men's Wearhouse
The Week in Preview: Beige Book, Smithfield Foods, Talbots, Men's Wearhouse originally appeared on BloggingStocks on Sun, 05 Sep 2010 12:30:00 EST. Please see our terms for use of feeds.
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Apple's Ping Gets Off to a Rocky Start
Filed under: Launches, Consumer Experience, Apple Inc (AAPL)
Apple's (AAPL) new iTunes-based social networking service, Ping, has gotten off to a somewhat rocky start. The service allows iTunes users to see what others like and to recommend music.
But within 24 hours of Ping's launch it was inundated with comment spam. While Apple filters Ping for other offensive material, it apparently forgot about such spam, an obvious oversight.
Continue reading Apple's Ping Gets Off to a Rocky Start
Apple's Ping Gets Off to a Rocky Start originally appeared on BloggingStocks on Sun, 05 Sep 2010 11:40:00 EST. Please see our terms for use of feeds.
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Inflation, Deflation and Stock Performance
Filed under: Major Movement, Forecasts, Newsletters, S and P 500, DJIA, Recession
"While traditionally many investors worry about the potential effects of runaway inflation on stock prices, lately others worry more about the potential effects of deflation, a falling price level," observes Mark Salzinger.
"There's certainly plenty of common sense behind worries that either deflation or significant inflation would be bad for equity prices, but does the history of stock prices agree?" asks the editor of No-Load Fund Investor.
"We believe that for the next year or two, likely low demand for loans and considerable slack in employment and capacity utilization greatly limit the possibility of rapidly increasing inflation. The odds of deflation are higher, but still not high.
Continue reading Inflation, Deflation and Stock Performance
Inflation, Deflation and Stock Performance originally appeared on BloggingStocks on Sat, 04 Sep 2010 12:40:00 EST. Please see our terms for use of feeds.
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Krispy Kreme: Time to Take a Chance?
Filed under: Earnings Reports, Krispy Kreme Doughnuts (KKD)
So I haven't been fully behind the Krispy Kreme Doughnuts (KKD) thesis. Sorry, it's just the way I am; I haven't been able to gather the amount of courage that is necessary to allow me to buy this low-priced equity.
Yet the stock is firmly above its 52-week low of $2.56. It rose 4.7% on Friday, settling out at a quote of $4.46. That price may be well below the 52-week high of $5.15, but it doesn't matter to the speculators who bought ahead of the second-quarter earnings report that was posted after the bell this past Thursday. They made money.
Continue reading Krispy Kreme: Time to Take a Chance?
Krispy Kreme: Time to Take a Chance? originally appeared on BloggingStocks on Sat, 04 Sep 2010 11:40:00 EST. Please see our terms for use of feeds.
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Comfort Zone Investing: M&A: Good News ... or Bad?
Filed under: Dell (DELL), Hewlett-Packard (HPQ), Intel (INTC), Deere and Co (DE), Comfort Zone Investing
M & A. That's mergers and acquisitions. They're all over the financial pages. Intel (INTC) is buying Infineon's wireless division for $1.4 billion so the chip manufacturer can diversify beyond computers. HP (HPQ) or Dell (DELL) will end up with 3PAR, a cloud-computing company, at a cost of $2 billion or more. Carl Icahn, the billionaire financier, is making a hostile tender bid for Lions Gate (LGF), the film and television producer. 3M (MMM) is buying Attenti Holdings, an Israeli maker of remote monitoring technology used to track people, for $230 million. Exelon (EXC) is picking up a division of Deere (DE), a renewable energy unit, for about $900 million so it can enter the wind-power segment. Sanofi-Aventis (SNYNF) is trying to buy Genzyme (GENZ) but the board won't accept the bid of $18.5 billion. The board is open to better numbers. There are many more.
Is all this good for investors? Or is there some bad in there?
Continue reading Comfort Zone Investing: M&A: Good News ... or Bad?
Comfort Zone Investing: M&A: Good News ... or Bad? originally appeared on BloggingStocks on Sat, 04 Sep 2010 10:30:00 EST. Please see our terms for use of feeds.
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China Warns of Currency Depreciation
Filed under: China, Market Matters, Currency
China's currency reserves are estimated at $2.45 trillion dollars. While hard data is a state secret, some information was obtained from the China Security Journal and reported by Reuters.
Roughly 65% of China's currency reserves are in U.S. dollars, 26% in euros, 5% in pounds and 3% in yen. With such a huge sum outstanding, Chinese officials are afraid of depreciation. Hu Xiaolian, vice governor of the Peoples Bank of China, writing in China Finance said: "Once a currency's value becomes unstable, there will be quite large depreciation risks for assets."
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China Warns of Currency Depreciation originally appeared on BloggingStocks on Sat, 04 Sep 2010 09:40:00 EST. Please see our terms for use of feeds.
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Del Monte Falls Despite Market Rally
Filed under: Earnings Reports, ConAgra Foods (CAG), Kraft Foods'A' (KFT)
Del Monte Food Company's (DLM) stock wasn't one you wanted to be in today. Especially at a time when the bulls are in charge. The company, whose colleagues include ConAgra Foods, Inc. (CAG) and Kraft Foods Inc. (KFT), was down 2.1% to $12.56 about thirty minutes before the close of the session.
First-quarter data was reported by the business this morning. The market obviously wasn't too pleased. According to an article over at TheStreet.com, profit from continuing operations was 29 cents per share. This figure was two pennies above the estimate generated by the analysts. No matter what the traders are doing to the stock, at least shareholders can be happy about that aspect of the period.
Continue reading Del Monte Falls Despite Market Rally
Del Monte Falls Despite Market Rally originally appeared on BloggingStocks on Fri, 03 Sep 2010 18:30:00 EST. Please see our terms for use of feeds.
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Cogent Calls and CB Richard Ellis Puts Heating Up
Filed under: Stocks to Buy, Stocks to Sell
Option traders appear to be setting up for a bullish move on Cogent Inc. (COGT). Traders plowed into 1,571 new call option contracts -- 3.27 times the average volume -- on the stock on Friday. And we know that traders were eager to get into this trade because 99% of the trades came in on the ask price.
Recently, 3M Company (MMM) announced that it was going to acquire Cogent for $10.50 per share. The stock closed Friday at $11.01, up 19.53% during the past month.
Continue reading Cogent Calls and CB Richard Ellis Puts Heating Up
Cogent Calls and CB Richard Ellis Puts Heating Up originally appeared on BloggingStocks on Fri, 03 Sep 2010 18:00:00 EST. Please see our terms for use of feeds.
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Options Update: Petroleo Brasiliero and Expedia Rise
Filed under: Expedia Inc (EXPE), Petroleo Brasileiro (PBR)
Petroleo Brasiliero (PBR) closed up $1.49 to $37.48. PBR aims to raise $64 billion to fund PBR's plans to develop offshore oil fields. Crude oil futures are recently down 1.41% to $73.96 a barrel according to Bloomberg. PBR call option volume of 31K contracts compared to put volume of 33K contracts. September put option implied volatility is at 30, October is at 36, January is at 40 versus its 26-week average of 35, according to Track Data, suggesting larger price movement. Expedia, Inc. (EXPE) closed at $25.43. EXPE shares have recently rallied; likely due to the news Google, Inc. (GOOG) proposed acquisition of ITA may face a lengthy review process by the U.S. Department of Justice. October put option implied volatility is at 41, January is at 45: versus its 26-week average of 40 according to Track Data, suggesting larger January price movement.
Options Update is by Stock Specialist Paul Foster of theflyonthewall.com.
Options Update: Petroleo Brasiliero and Expedia Rise originally appeared on BloggingStocks on Fri, 03 Sep 2010 17:30:00 EST. Please see our terms for use of feeds.
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A Moderate Gas Price for Labor Day: Enjoy It While It Lasts
It's been a trying summer for many Americans, with a job market that's underperforming, and a listless Dow that's exhibited sideways action for three months, but there has been one encouraging trend of late: gasoline prices.
Although at an average U.S. price of $2.70 per gallon for regular unleaded and about 4% higher than last Labor Day, 'the trend has been the motorist's friend,' as they say on Wall Street, with prices moving lower, with a few hiccups, essentially since spring. In early May, the average price for unleaded regular hit $2.78 per gallon.
Continue reading A Moderate Gas Price for Labor Day: Enjoy It While It Lasts
A Moderate Gas Price for Labor Day: Enjoy It While It Lasts originally appeared on BloggingStocks on Fri, 03 Sep 2010 17:00:00 EST. Please see our terms for use of feeds.
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Coinstar Could Be a Short Candidate
Filed under: Stock Picks
Bearish traders should be using the recent strength in the equity markets to identify short opportunities. The S&P 500 is currently trading above 1,100 and has rallied very sharply off of the 1,040-1,050 level in just a matter of days.
This surge in equities appears to be driven by a combination of short covering and better than expected economic numbers. Rather than getting bullish here, however, it may be time to put out some tactical shorts. Traders that have been buying the highs and selling the lows in anticipation of a breakout of the current trading range have been consistently burned.
Continue reading Coinstar Could Be a Short Candidate
Coinstar Could Be a Short Candidate originally appeared on BloggingStocks on Fri, 03 Sep 2010 16:30:00 EST. Please see our terms for use of feeds.
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Closing Bell: Unemployment Pink-Slips the Bears (BRCD, CPB, ZQK, TTWO, PBR, ULTA)
Filed under: Campbell Soup (CPB), Petroleo Brasileiro (PBR), Take-Two Interactive (TTWO)
Unemployment and non-Farm payrolls managed to keep the bears in hibernation this Friday, although that post-release gain and cheer was a bit more muted through most of the trading day. The fact that most trading desks were light and that a hurricane was off the east coast and most investors were either not in at all or gone by 11 AM made for a quiet rest of the day. Here were the unofficial closing bell levels:
Dow Jones 10,447.86 +127.76 (1.24%)
S&P 500 1,104.44 +14.34 (1.32%)
Nasdaq 2,233.75 +33.74 (1.53%)
Top Analyst Calls
Continue reading Closing Bell: Unemployment Pink-Slips the Bears (BRCD, CPB, ZQK, TTWO, PBR, ULTA)
Closing Bell: Unemployment Pink-Slips the Bears (BRCD, CPB, ZQK, TTWO, PBR, ULTA) originally appeared on BloggingStocks on Fri, 03 Sep 2010 16:00:00 EST. Please see our terms for use of feeds.
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