Posts Tagged ‘Bank of America’
October 16th, 2009
(Lee Siler) - This week, it's all about earnings and some of the biggest companies in the world are giving Wall Street a reason to stand up and cheer. Last night Intel beat expectations in every way. Not only did they beat with their earnings and revenue, but also beat on profit margin, while raising their revenue guidance. That was the tri-fecta of earnings reports. That said the stock is trading up pre-market and taking the rest of the market with it.
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Tags: Bank of America, biggest companies in the world, citi, earnings reports, estimates, intel, j p morgan, jpm, pre market, profit margin, research in motion, revenue guidance, stock, Wall Street
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| Posted in News and Opinion |
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August 13th, 2009
(Lee Siler) - Positive earnings news out of Wal-Mart is being over shadowed by surprisingly negative news in the over-all retail sector. The world's largest retailer reported flat earnings from the previous year, but beat analysts' expectations. Wal-Mart's quarterly profit came in at 88 cents a share versus the 85 cents Wall Street was expecting. Cost cutting measures helped the retail giant achieve higher profit margins as well. What's more, the company raised the lower end of their profit guidance. On the news, Wal-Mart is trading higher in the pre-market.
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Tags: Bank of America, commerce department, credit crisis, earnings news, flat earnings, Goldman Sachs, hedge fund manager, john paulson, monetary commitments, money center bank, negative news, pre market, profit margins, quarterly profit, recovery stocks, regions financial, retail giant, retail sector, software sector, wal mart
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July 20th, 2009
(Lee Siler) - Stocks had their best week in months, as some of the old school companies blew out earnings estimates. Companies like Goldman Sachs, Intel and IBM all beat a pessimistic outlook, as it seems analysts may have taken their estimates way too low. Even the banks stocks are coming in better than expected. Bank of America and Citigroup beat views despite a credit loss. Thus far, the majority of companies reporting second quarter earnings are beating views. However, it is still very early in the season. This week will be extremely busy on the earnings front, especially in the tech sector.
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Tags: Bank of America, banks, caution, citigroup, earnings estimates, Goldman Sachs, intel, momentum, old school, pessimistic outlook, profits, quality stocks, second quarter earnings
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| Posted in News and Opinion, Strategies |
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May 20th, 2009
(Lee Siler) - Stocks are pointing to a higher opening, as investors are in relief that Bank of America was able to raise some capital with relative ease. Even though B of A is selling 1.25 billion shares to the market, diluting the stock by about 19%, the stock is trading higher in the pre-market. I believe this enthusiasm will wane as investors realize that these financial institutions are flooding the market with shares of their stock. It's your basic law of supply and demand. But, for now the market is looking past that. However, eventually you always have to pay the piper.
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Tags: Bank of America, daily basis, earnings, economy, encouraging news, financial institutions, guidance, hewlett packard, investors, law of supply and demand, NASDAQ, naz, nyse volume, path of least resistance, piper, pre market, pullback, quarterly sales, stocks, supply and demand
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April 28th, 2009
(Lee Siler) - This morning's financial headlines are being dominated by the spread of the Swine Flu. The Swine Flu, which started in Mexico and has made its way to several U.S. cities, is putting pressure on the financial markets. There have been 150 suspected deaths in Mexico, but none reported anywhere else.
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April 23rd, 2009
(Lee Siler) - The market staged and impressive reversal in the midst of a mixed bag of earnings. After trading down triple digits, the Dow Jones and the other major averages rallied mid-day and continued its momentum through the close. After getting pummeled on the open, bank stocks also saw some buying and closed in positive territory.
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April 21st, 2009
(Lee Siler) - Stocks continue to be on the defensive, as the big banks get blasted on credit quality fears. Although Bank of America beat analysts' estimates by a wide margin, Wall Street took no prisoners and punished its stock by 24% yesterday. B of A followed the trend of good earnings out of the money center banks, but like Goldman and Citigroup, good earnings wasn't enough to keep their common stock trading near recent highs.
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