ANZ - News and Analysis from Seeking Alpha 'ANZ' Tag RSS Syndication from SeekingAlpha.com SeekingAlpha.com http://seekingalpha.com/symbol/anz Preview from Europe: The Bear Comes to Town http://seekingalpha.com/article/156694-preview-from-europe-the-bear-comes-to-town?source=feed 156694

Stock Market BearMarkets rediscovered Isaac Newton yesterday. It was a 10 minute day though. If you went for a caffeine fix at the U.S. opening bell you missed the move as the market flat lined after the gap down. Stocks fell hard and treasuries rose smartly, and so it goes. Rising risk-aversion pulled Treasury yields down to levels not seen since the end of July. The back to school sales season (one of the three key buying periods along with Xmas and Thanksgiving) has proved a dud and valuations don’t appear justified by the murky outlook for 2010. Lowes (LOW) (the number two home improvement store) was the big loser sliding more than 10% after reporting a 19% drop in profits and giving lower guidance. Financials were soft on the back of a reported rise in credit card delinquency rates. Note the VIX index also jumped by 15%. When the perfect recovery gets priced in, it’s best to expect a perfect storm!

]]> Tue, 18 Aug 2009 06:10:58 -0400 The Mole The Mole submits:

Stock Market BearMarkets rediscovered Isaac Newton yesterday. It was a 10 minute day though. If you went for a caffeine fix at the U.S. opening bell you missed the move as the market flat lined after the gap down. Stocks fell hard and treasuries rose smartly, and so it goes. Rising risk-aversion pulled Treasury yields down to levels not seen since the end of July. The back to school sales season (one of the three key buying periods along with Xmas and Thanksgiving) has proved a dud and valuations don’t appear justified by the murky outlook for 2010. Lowes (LOW) (the number two home improvement store) was the big loser sliding more than 10% after reporting a 19% drop in profits and giving lower guidance. Financials were soft on the back of a reported rise in credit card delinquency rates. Note the VIX index also jumped by 15%. When the perfect recovery gets priced in, it’s best to expect a perfect storm!


Complete Story »]]> AIB ANZ BTLCY.PK DIA HBC IEV IVV LOW QQQQ RTP SPY XHB The Mole Analysis of Australian Bank Fundamentals http://seekingalpha.com/article/146889-analysis-of-australian-bank-fundamentals?source=feed 146889 The following is a follow up article about the Australian housing and banking sectors. This one focuses specifically on the individual bank fundamentals. It is a bit long for this format so if you would rather read it in Scribd format feel free to do so here.

In their fifth annual international housing affordability survey based on Q3 2008 data, researchers Wendell Cox of Demographia.com and Hugh Pavletich of Performance Urban Planning ranked 265 separate markets in Australia, New Zealand, Canada, Ireland, the UK and the US in terms of affordability.

]]> Sun, 05 Jul 2009 03:15:39 -0400 The Inoculated Investor The following is a follow up article about the Australian housing and banking sectors. This one focuses specifically on the individual bank fundamentals. It is a bit long for this format so if you would rather read it in Scribd format feel free to do so here.

In their fifth annual international housing affordability survey based on Q3 2008 data, researchers Wendell Cox of Demographia.com and Hugh Pavletich of Performance Urban Planning ranked 265 separate markets in Australia, New Zealand, Canada, Ireland, the UK and the US in terms of affordability.


Complete Story »]]> ANZ CBAUF.PK CYN EWA FXA JPM WAL ZION The Inoculated Investor Sustainable Bio-Fuel Aviation Performs Well http://seekingalpha.com/article/146586-sustainable-bio-fuel-aviation-performs-well?source=feed 146586 The Boeing Company (BA) and a team from across the aviation industry just released high-level elements of a June 2009 study that shows that sustainable biofuels analyzed in a series of pioneering test flights performed favorably in comparison to petroleum-based fuel.

According to the study, Evaluation of Bio-Derived Synthetic Paraffinic Kerosene (Bio-SPK), a series of laboratory, ground and flight tests conducted between 2006 and 2009 indicated the test fuels performed as well as or better than typical petroleum-based Jet A. The testing included several commercial airplane engine types using blends of up to 50 percent petroleum-based Jet A/Jet A-1 fuel and 50 percent sustainable biofuels.

]]> Thu, 02 Jul 2009 05:18:39 -0400 James Rickman James Rickman submits:

The Boeing Company (BA) and a team from across the aviation industry just released high-level elements of a June 2009 study that shows that sustainable biofuels analyzed in a series of pioneering test flights performed favorably in comparison to petroleum-based fuel.

According to the study, Evaluation of Bio-Derived Synthetic Paraffinic Kerosene (Bio-SPK), a series of laboratory, ground and flight tests conducted between 2006 and 2009 indicated the test fuels performed as well as or better than typical petroleum-based Jet A. The testing included several commercial airplane engine types using blends of up to 50 percent petroleum-based Jet A/Jet A-1 fuel and 50 percent sustainable biofuels.


Complete Story »]]> ANZ BA CAL GE HON JALSY.PK TM UTX James Rickman Preview from Europe: Stocks End Quarter with a Whimper http://seekingalpha.com/article/146376-preview-from-europe-stocks-end-quarter-with-a-whimper?source=feed 146376

The unexpected fall in US consumer confidence and a Fannie Mae (FNM) report showing a rise in mortgage delinquencies startled still-sleepy markets yesterday. The Conference Board’s measure fell by nearly six points in June to 49.3, as both the current conditions and expectations indices fell. That spooked equities, with the Dow Jones going from up about 20 points to down 85 points in short order. The entrails of the confidence report were not encouraging.

Consumers were noticeably less upbeat about the labour market – apparently they didn’t view a decline of “only” 345,000 jobs in May and a rise in the unemployment rate to 9.6% as another “green shoot” – and seemed to have gloomier attitudes due in part to rising gasoline prices. Commodities were hammered across the board. Wheat and corn futures traded limit down, oil fell 2%, natural gas lost 2.2%, and gold lost 1.5%. That said, taking a step back, the bulls won in Q2 as US stocks have amazingly managed to deliver their best quarterly return since 1998 with the Dow up 11% and the Nasdaq up 20%.

]]> Wed, 01 Jul 2009 05:03:11 -0400 The Mole The Mole submits:

The unexpected fall in US consumer confidence and a Fannie Mae (FNM) report showing a rise in mortgage delinquencies startled still-sleepy markets yesterday. The Conference Board’s measure fell by nearly six points in June to 49.3, as both the current conditions and expectations indices fell. That spooked equities, with the Dow Jones going from up about 20 points to down 85 points in short order. The entrails of the confidence report were not encouraging.

Consumers were noticeably less upbeat about the labour market – apparently they didn’t view a decline of “only” 345,000 jobs in May and a rise in the unemployment rate to 9.6% as another “green shoot” – and seemed to have gloomier attitudes due in part to rising gasoline prices. Commodities were hammered across the board. Wheat and corn futures traded limit down, oil fell 2%, natural gas lost 2.2%, and gold lost 1.5%. That said, taking a step back, the bulls won in Q2 as US stocks have amazingly managed to deliver their best quarterly return since 1998 with the Dow up 11% and the Nasdaq up 20%.


Complete Story »]]> ALNPY.PK ANZ C FNM MAKSY.PK NMR NVO RBS SDX TSCDY.PK The Mole Looking for a Few Good Banks http://seekingalpha.com/article/128656-looking-for-a-few-good-banks?source=feed 128656 For the past few weeks I have been on the hunt for one or two solid international bank stocks. My goal was to find a conservatively managed bank presently benefiting from the favorable interest rate environment that I would want to hold on to for awhile. I know, “Buy and Hold? How old fashioned!” This is to fill a spot in a portfolio that contains about ten individual stocks of companies from different industries based in different parts of the world. About half are to be high-risk, high-reward stocks from cyclical and distressed industries. The others are intended to be solid, steady companies paying good dividends. The bank stock is intended to be in that latter, safe category and I have a preference for non-U.S. bank to give my portfolio a higher non-dollar weighting.

I thought I had the perfect stock a number of years ago in Lloyds TSB (LYG). Lloyds looked to be weathering the subprime storm well until the U.K. government asked them to acquire the bad bank HBOS last fall. The story is similar to Bank of America’s (BAC) government-encouraged acquisition of Merrill Lynch. Thus Lloyds (now called Lloyds Banking Group) went from the conservative side of my portfolio to the high risk side overnight.

]]> Tue, 31 Mar 2009 05:55:11 -0400 Individual Global Investor Individual Global Investor submits:

For the past few weeks I have been on the hunt for one or two solid international bank stocks. My goal was to find a conservatively managed bank presently benefiting from the favorable interest rate environment that I would want to hold on to for awhile. I know, “Buy and Hold? How old fashioned!” This is to fill a spot in a portfolio that contains about ten individual stocks of companies from different industries based in different parts of the world. About half are to be high-risk, high-reward stocks from cyclical and distressed industries. The others are intended to be solid, steady companies paying good dividends. The bank stock is intended to be in that latter, safe category and I have a preference for non-U.S. bank to give my portfolio a higher non-dollar weighting.

I thought I had the perfect stock a number of years ago in Lloyds TSB (LYG). Lloyds looked to be weathering the subprime storm well until the U.K. government asked them to acquire the bad bank HBOS last fall. The story is similar to Bank of America’s (BAC) government-encouraged acquisition of Merrill Lynch. Thus Lloyds (now called Lloyds Banking Group) went from the conservative side of my portfolio to the high risk side overnight.


Complete Story »]]> ANZ BAC BBT BMO C KBE LYG NABZY.PK PNC RBS RY TD WBK XLF Individual Global Investor Wall Street Breakfast: Must-Know News http://seekingalpha.com/article/102926-wall-street-breakfast-must-know-news?source=feed 102926
  • Fed cuts to 1%. In a unanimous decision, the Fed dropped its key fed funds target to 1% from 1.5%, while the discount rate fell to 1.25% from 1.75%. "The pace of economic activity appears to have slowed markedly, owing importantly to a decline in consumer expenditures," it said. The Fed hinted it may not be done with rate cuts: "... downside risks to growth remain. The Committee will monitor economic and financial developments carefully and will act as needed to promote sustainable economic growth and price stability." New in its statement were its reference to "slowing economic activity in many foreign economies" that "is damping the prospects for U.S. exports," and its more dovish stance on inflation, which it now "expects" to moderate.
  • Fed moves free cash. Credit markets continued to thaw Thursday after the Fed lowered its target lending rate to 1% and agreed to pump $120B into Brazil, Mexico, Singapore and South Korea through swap agreements. Three-month Libor is expected to drop 20 BPs to 3.22%. Libor has declined for 13 days in a row. "The swap lines are not unlimited but at least they will take a lot of tension out of the credit markets," economist Mark Tan said. "The inclusion of Singapore is an extension to the region because it's the center for Asia's dollar markets." Taiwan, Hong Kong and China all lowered their key lending rates.
  • ECB bank loans top $1T. The ECB says it has now loaned an unprecedented $1T (€774B) to banks, not including dollar loans. Still, while credit markets are looser than they were two weeks ago, they're by no means back to normal. "Short-term money markets are responding to the liquidity flood from the ECB and the prospect of lower interest rates, but we are not out of the woods on longer-term lending," ING's Padhraic Garvey said.
  • FDIC to help troubled homeowners. The government is preparing to unveil a plan that will guarantee $500B in loans to troubled borrowers, sources say. The program would use $50B from the $700B TARP pot to lower loan interest rates for five years. FDIC will run the program, which could affect 3 million distressed loans. "It will take a massive and quick infusion of funds for refinancings and other foreclosure prevention to turn the tide," researcher David Abromowitz said.
  • Poor DB earnings beat expectations. Deutsche Bank (DB) reports Q3 net income fell 73% to €435M from €1.62B the previous year. The results were better than the expected net loss of €251M thanks to new EU accounting rules and a tax benefit. Q3 results included €1.2B in writedowns related to the credit crisis, bringing the bank's total writedowns to €8.5B since the crisis began. Revenue fell 14% to €4.37B from €5.10B. CEO Josef Ackermann cautioned on dividend expectations for 2008, saying the dividend policy will be balance with 'our commitment to conserving capital strength in a highly uncertain environment.'
  • High crude helps Shell. Royal Dutch Shell (RDS.A) reports Q3 profit climbed 22% as record high oil prices offset production cuts in Nigeria and the Gulf of Mexico. Net income rose to $8.45B from $6.92B the previous year. Profit was $8.04B with $800M of gains in fair-value adjustments, vs. expectations of $7.22B. With oil prices now down from July's highs and lost production in Nigeria and Russia, Shell plans to mine Canadian oil sands and develop a gas-to-liquids venture in Qatar. Shares -1.6% premarket.
  • Investors eye premium on RTP deal. Rio Tinto (RTP) is facing pressure from some institutional investors to start talks with BHP Billiton (BHP) on its $87B hostile takeover bid. Investors have seen Rio's share price battered in recent weeks and are interested in BHP's premium of 3.4 of its shares for each Rio share vs. the current ratio of roughly 2.7 to 1. An inside source said a few small funds are in favor of the deal but Rio is not facing a wave of investor pressure to begin negotiations. Rio CEO Tom Albanese said recent movements in stock or commodity prices have not changed the company's views that BHP's offer undervalues the company's operations and growth projects. Premarket: RTP +6.9%.
  • Tysabri suffers another setback. Shares of Irish drugmaker Elan (ELN) plunged as much as 49% in Dublin after a patient taking its multiple sclerosis treatment Tysabri contracted a life-threatening brain illness, the third case since July. Elan's ADRs are -18.4% in U.S. premarket trading. Elan markets the drug together with U.S. firm Biogen Idec (BIIB).
  • More work, less oil. As more governments shut out Western oil companies, the pickings get slimmer. Chevron's (CVX) $3B investment in the Frade prospect off Brazil is expected to yield just 270M barrels over the next 18 years, despite CEO Ali Moshiri's best efforts to secure equipment and fast-track the project. He now concedes Frade is mediocre compared with some of the company's previous efforts.
  • Bleak outlook for pension plans. Corporate pension plans may be in serious trouble. At the end of last year S&P 500 companies had a combined pension plan surplus of about $60B; through September of this year that figure likely turned into a combined deficit of $75B, which may by now be -$300B or more.
  • Japan announces $50B stimulus package. Japan said it will pump ¥5T ($51B) into its economy, including funds for households and local governments. "We're facing a storm that comes once in every 100 years," Prime Minister Taro Aso said. "While Japan's financial system remains relatively sound there will surely be an impact on the real economy." The Bank of Japan is expected to cut interest rates tomorrow after a Nikkei newspaper report raised expectations of a rate cut, causing the yen to slump and stocks to rise. If BoJ holds its rate steady, the yen could appreciate again as the stock market resume its fall.
  • Factory orders stronger than expected. Durable goods orders increased by 0.8% ($1.6B) in September to $208B, beating the consensus of -1.1%. Inventories increased by $1.2B to $340B. Shipments were up 0.2% following August's 4.2% drop. Excluding transportation, new durable goods orders fell 1.1%. It's still better than the -1.5% consensus, but clearly transport orders were a large part of the upside surprise.
  • EIA's petroleum inventories. Crude +0.49M vs. consensus of +1.55M. Gasoline -1.5M vs. +1.5M. Distillate +2.3M vs. +1.05M. Crude futures are up 0.3% to $67.70.

Earnings: Thursday Before Open

  • Apache (APA): Q3 EPS of $3.52 misses by $0.20. Revenue of $3.36B vs. $3.63B. Shares +1.1%. (PR)
  • AstraZeneca (AZN): Q3 EPS of $1.32 beats by $0.18. Revenue of $7.8B vs. $7.6B. Shares +5.2%. (PR)
  • Avon (AVP): Q3 EPS of $0.52 beats by $0.02. Revenue of $2.64B in-line. Avon believes it will continue to generate strong operating cash flow. Shares -0.6%. (PR)
  • BJ Services (BJS): FQ4 EPS of $0.59 beats by $0.03. Revenue of $1.53B (+15%) vs. $1.47B. Sees FQ1 EPS of $0.48-0.51 vs. $0.56. "We expect drilling activity in North America to begin to decline during our first fiscal quarter and anticipate moderate reductions in certain international markets." (PR)
  • Brink's (BCO): Q3 EPS of $1.00 beats by $0.11. Revenue of $949M (+16.1%) vs. $921M. Shares +4.5%. (PR)
  • CBS (CBS): Q3 EPS of $0.43 beats by $0.03. Revenue of $3.38B (+2.9%) in-line. For the first time in 20 years, CBS TV was #1 in all key categories through the first five weeks of the season. (PR)
  • Colgate-Palmolive (CL): Q3 EPS of $0.99 beats by $0.01. Revenue of $3.99B (+13%) in-line. (PR)
  • Commercial Metals Company (CMC): FQ4 EPS of $0.55 misses by $0.39. Revenue of $3.1B vs. $3.19B. Shares -2.9%. (PR)
  • CVS Caremark (CVS): Q3 EPS of $0.60 in-line. Revenue of $20.86B (+1.8%) vs. $21.06B. (PR)
  • Deutsche Bank (DB): Q3 EPS of €0.39 vs. €1.57 consensus. Revenue of €4.37B in-line. Shares +14.5% in Frankfurt. (AP)
  • Dominion Resources (D): Q3 EPS of $0.94 beats by $0.04. Revenue of $4.23B (+17.9%) vs. $3.55B. (PR)
  • Eastman Kodak (EK): Q3 EPS of $0.33 beats by $0.05. Revenue of $2.4B (-5.1%) vs. $2.53B. (PR)
  • Energizer (ENR): Q3 EPS of $1.67 beats by $0.49. Revenue of $1.12B (+28.3%) vs. $1.05B. "Lower advertising and promotion spending, which we previously disclosed, was augmented by strong hurricane battery volumes." Shares +8.7%. (PR)
  • ExxonMobil (XOM): Q3 EPS of $2.59 beats by $0.20. Revenue of $137.7B vs. $131.4B. Shares +1.15%. (MW)
  • International Paper (IP): Q3 EPS of $0.84 beats by $0.07. Revenue of $6.81B (+22.9%) vs. $7.01B. While Q3 results were solid, International Paper (IP) CEO John Faraci says, higher prices did not offset higher input costs which negatively impacted earnings. "Costs for wood and some key chemicals are still rising. Currently, in aggregate input and transportation costs remain high." Shares +8.9%. (PR)
  • Jarden (JAH): Q3 EPS of $0.98 beats by $0.02. Revenue of $1.46B (+10.1%) in-line. (PR)
  • Marathon Oil (MRO): Q3 EPS of $2.76 beats by $0.43. Revenue of $22.48B vs. $23.4B. Shares +5.7%. (PR)
  • Motorola (MOT): Q3 EPS of $0.05 beats by $0.03. Revenue of $7.48B (-15.1%) vs. $7.82B. Sees Q4 EPS of $0.02-0.04 vs. $0.07. "While our strategic intent to separate the company remains intact, we are no longer targeting the third quarter of 2009, primarily due to the macro-economic environment, stresses in the financial markets and the changes underway in Mobile Devices," co-CEO Sanjay Jha says. (PR)
  • Mylan (MYL): Q3 EPS of $0.23 beats by $0.12. Revenue of $1.66B vs. $1.15B. Shares +2.4%. (PR)
  • Newell Rubbermaid (NWL): Q3 EPS of $0.36 beats by $0.02. Revenue of $1.76B in-line. Sees Q4 EPS of $0.29-0.34 vs. $0.38. Shares -1.8%. (PR)
  • Penske Auto (PAG): Q3 EPS of $0.30 misses by $0.01. Revenue of $3B (-11.4%) vs. $3.12B. "We experienced a rapid decline in consumer interest for new vehicles in both the U.S. and the UK. We believe the challenges in our markets relate mainly to consumer confidence, not credit availability." (PR)
  • Shaw Group (SGR): FQ4 EPS of $0.40 misses by $0.05. Revenue of $1.83B vs. $1.94B. (PR)
  • Shell (RDS.A): Q3 EPS of $2.62 misses by $0.05. Revenue of $131.57B vs. $123.81B. Shares -1.3%. (PR)
  • Taiwan Semi (TSM): Q3 EPS of $0.19 in-line. Revenue of $2.98B (-88.9%) in-line. Sees Q4 revenue of NT$69-71B vs. NT$84.64B. Shares +6.9% in Taiwan. (PR)
  • Unilever (UL): Q3 earnings of $0.51 beats by $0.02. Revenue of $13.40B vs. $14.36B. Sees full-year sales growth "well in excess" of its target. Shares +3.4% in London. (PR)
  • Waste Management (WMI): Q3 EPS of $0.63 beats by $0.01. Revenue of $3.52B (+3.6%) in-line. "The recycling commodity markets have become very volatile over the last two weeks... We do not expect a year-over-year benefit in the fourth quarter." (PR)
  • Wyndham (WYN): Q3 EPS of $0.83 beats by $0.03. Revenue of $1.23B (+0.8%) in-line. 2009 is uncertain "given the disruptions in the global economy and capital markets, and uncertainty about how these will impact employment, consumer spending and other macroeconomic drivers." Shares +0.9%. (PR)

Earnings: Wednesday After Close

  • Advance Auto Parts (AAP): Q3 EPS of $0.59 beats by $0.02. Revenue of $1.19B (+2.6%) in-line. Shares -1.2%. (PR)
  • Allied Waste (AW): Q3 EPS of $0.28 beats by $0.02. Revenue of $1.61B (+3.2%) in-line. Shares +0.2%. (PR)
  • Ameriprise Financial (AMP): Q3 EPS of $0.14 misses by $0.68. Revenue of $2.03B (-6.4%) vs. $1.95B. Shares flat. (PR)
  • Amkor Technology (AMKR): Q3 EPS of $0.44 beats by $0.12. Revenue of $720M (+4.4%) vs. $725M. Shares -2.8%. (PR)
  • Atmel (ATML): Q3 EPS of $0.09 beats by $0.08. Revenue of $400M (-5%) in-line. Shares +2%. (PR)
  • CA Inc. (CA): FQ2 EPS of $0.41 beats by $0.04. Revenue of $1.11B (+3.7%) in-line. Approves $250M share repurchase. Shares +1.8%. (PR)
  • Cliffs Natural Resources (CLF): Q3 EPS of $1.61 misses by $0.66. Revenue of $1.19B (+92%) vs. $1.23B. Shares -0.5%. (PR)
  • CME Group (CME): Q3 EPS of $4.13 beats by $0.15. Revenue of $681M (+20.5%) vs. $644M. Shares -3.2%. (PR)
  • Curtiss-Wright (CW): Q3 EPS of $0.60 in-line. Revenue of $436M (+9.9%) vs. $441M. (PR)
  • Grey Wolf (GW): Q3 EPS of $0.12 misses by $0.05. Revenue of $234M (+2.4%) in-line. (PR)
  • Hartford Financial (HIG): Q3 EPS of -$8.74 vs. -$1.54 consensus. Says volatile credit and equity markets and the largest catastrophe in the past three years significantly affected results. Shares -1.8%. (PR)
  • JDS Uniphase (JDSU): FQ1 EPS of $0.11 beats by $0.02. Revenue of $380M in-line. Shares -1.7%. (PR)
  • MetLife (MET): Q3 EPS of $0.88 misses by $0.01. Revenue of $13.38B (+14.6%) vs. $13.26B. Shares +1.3%. (PR)
  • Murphy Oil (MUR): Q3 EPS of $3.04 beats by $0.39. Revenue of $8.19B (+71.3%) vs. $6.93B. Sees Q4 EPS of $1.00-1.40 vs. $1.99. Shares -1.1%. (PR)
  • Oil States International (OIS): Q3 EPS of $1.66 beats by $0.41. Revenue of $815M (+54.5%) vs. $677M. Sees Q4 EPS of $1.45-1.55 vs. $1.32. Shares +11.5%. (PR)
  • O'Reilly Automotive (ORLY): Q3 EPS of $0.40 in-line. Revenue of $1.11B (+67.9%) in-line. (PR)
  • Owens-Illinois (OI): Q3 EPS of $0.90 beats by $0.05. Revenue of $2.01B (+4.2%) in-line. Shares +0.5%. (PR)
  • Prudential Financial (PRU): Q3 EPS of $0.74 misses by $0.20. Revenue of $6.15B (-9.2%) vs. $6.72B. "Unfavorable financial market conditions are having a substantial negative effect on reported results of our domestic businesses and market values in our investment portfolio." Shares flat. (PR)
  • RealNetworks (RNWK): Q3 EPS of -$0.03 in-line. Revenue of $152M in-line. Shares +2.2%. (PR)
  • Smith Micro Software (SMSI): Q3 EPS of $0.19 beats by $0.04. Revenue of $26.6M (+30.6%) vs. $26.1M. Shares +8.7%. (PR)
  • Standard Pacific (SPF): Q3 EPS of -$0.07 beats by $0.40. Revenue of $400M (-37.8%) vs. $421M. (PR)
  • Symantec (SYMC): FQ2 EPS of $0.37 beats by $0.02. Revenue of $1.52B (+7%) in-line. Sees Q3 EPS of $0.30-0.33 vs. $0.36 and revenue of $1.45-1.5B vs. $1.61B. Shares -5.6%. (PR)
  • Tesoro (TSO): Q3 EPS of $1.63 beats by $0.15. Revenue of $8.7B (+47.4%) vs. $7.81B. Shares +4.5%. (PR)
  • TheStreet.com (TSCM): Q3 EPS of -$0.04 misses by $0.10. Revenue of $16.7M (+3.8%) vs. $19.2M. Names Jim Cramer Chairman, allowing CEO Thomas Clarke to focus "on navigating the company through this difficult economic environment." Shares -0.3%. (PR)
  • ValueClick (VCLK): Q3 EPS of $0.15 in-line. Revenue of $153M (-2.5%) in-line. Sees Q4 EPS of $0.15-0.16 vs. $0.19, and revenue of $140-150M vs. $168M. Shares +2.9%. (PR)
  • Visa (V): FQ4 EPS of $0.58 beats by $0.02. Revenue of $1.71B (+16.7%) in-line. Sees full-year revenue growth at the lower end of the 11-15% range. Shares -0.4%. (PR)
  • Whiting Petroleum (WLL): Q3 EPS of $2.49 beats by $0.16. Revenue of $425M (+106.9%) vs. $358M. (PR)

Today's Markets

  • Asia markets had a stellar day. Nikkei +9.96% to 9,030. Hang Seng +12.82% to 14,330. Shanghai +2.55% to 1,764. India closed.
  • Europe is notably higher at midday. London +1.8%. Paris +1.5%. Frankfurt, yesterday's laggard, +4.7%.
  • U.S. futures indicate a strong open. Dow +3.5%. to 9,160. S&P +3.1% to 956. Nasdaq +3.2%. Crude +1.5% to $68.49. Gold +2.3% to $771.50.

Thursday's Economic Calendar

Seeking Alpha editor Rachael Granby contributed to this post.


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]]> Thu, 30 Oct 2008 07:19:54 -0400 SA Editor Eli Hoffmann
  • Fed cuts to 1%. In a unanimous decision, the Fed dropped its key fed funds target to 1% from 1.5%, while the discount rate fell to 1.25% from 1.75%. "The pace of economic activity appears to have slowed markedly, owing importantly to a decline in consumer expenditures," it said. The Fed hinted it may not be done with rate cuts: "... downside risks to growth remain. The Committee will monitor economic and financial developments carefully and will act as needed to promote sustainable economic growth and price stability." New in its statement were its reference to "slowing economic activity in many foreign economies" that "is damping the prospects for U.S. exports," and its more dovish stance on inflation, which it now "expects" to moderate.
  • Fed moves free cash. Credit markets continued to thaw Thursday after the Fed lowered its target lending rate to 1% and agreed to pump $120B into Brazil, Mexico, Singapore and South Korea through swap agreements. Three-month Libor is expected to drop 20 BPs to 3.22%. Libor has declined for 13 days in a row. "The swap lines are not unlimited but at least they will take a lot of tension out of the credit markets," economist Mark Tan said. "The inclusion of Singapore is an extension to the region because it's the center for Asia's dollar markets." Taiwan, Hong Kong and China all lowered their key lending rates.
  • ECB bank loans top $1T. The ECB says it has now loaned an unprecedented $1T (€774B) to banks, not including dollar loans. Still, while credit markets are looser than they were two weeks ago, they're by no means back to normal. "Short-term money markets are responding to the liquidity flood from the ECB and the prospect of lower interest rates, but we are not out of the woods on longer-term lending," ING's Padhraic Garvey said.
  • FDIC to help troubled homeowners. The government is preparing to unveil a plan that will guarantee $500B in loans to troubled borrowers, sources say. The program would use $50B from the $700B TARP pot to lower loan interest rates for five years. FDIC will run the program, which could affect 3 million distressed loans. "It will take a massive and quick infusion of funds for refinancings and other foreclosure prevention to turn the tide," researcher David Abromowitz said.
  • Poor DB earnings beat expectations. Deutsche Bank (DB) reports Q3 net income fell 73% to €435M from €1.62B the previous year. The results were better than the expected net loss of €251M thanks to new EU accounting rules and a tax benefit. Q3 results included €1.2B in writedowns related to the credit crisis, bringing the bank's total writedowns to €8.5B since the crisis began. Revenue fell 14% to €4.37B from €5.10B. CEO Josef Ackermann cautioned on dividend expectations for 2008, saying the dividend policy will be balance with 'our commitment to conserving capital strength in a highly uncertain environment.'
  • High crude helps Shell. Royal Dutch Shell (RDS.A) reports Q3 profit climbed 22% as record high oil prices offset production cuts in Nigeria and the Gulf of Mexico. Net income rose to $8.45B from $6.92B the previous year. Profit was $8.04B with $800M of gains in fair-value adjustments, vs. expectations of $7.22B. With oil prices now down from July's highs and lost production in Nigeria and Russia, Shell plans to mine Canadian oil sands and develop a gas-to-liquids venture in Qatar. Shares -1.6% premarket.
  • Investors eye premium on RTP deal. Rio Tinto (RTP) is facing pressure from some institutional investors to start talks with BHP Billiton (BHP) on its $87B hostile takeover bid. Investors have seen Rio's share price battered in recent weeks and are interested in BHP's premium of 3.4 of its shares for each Rio share vs. the current ratio of roughly 2.7 to 1. An inside source said a few small funds are in favor of the deal but Rio is not facing a wave of investor pressure to begin negotiations. Rio CEO Tom Albanese said recent movements in stock or commodity prices have not changed the company's views that BHP's offer undervalues the company's operations and growth projects. Premarket: RTP +6.9%.
  • Tysabri suffers another setback. Shares of Irish drugmaker Elan (ELN) plunged as much as 49% in Dublin after a patient taking its multiple sclerosis treatment Tysabri contracted a life-threatening brain illness, the third case since July. Elan's ADRs are -18.4% in U.S. premarket trading. Elan markets the drug together with U.S. firm Biogen Idec (BIIB).
  • More work, less oil. As more governments shut out Western oil companies, the pickings get slimmer. Chevron's (CVX) $3B investment in the Frade prospect off Brazil is expected to yield just 270M barrels over the next 18 years, despite CEO Ali Moshiri's best efforts to secure equipment and fast-track the project. He now concedes Frade is mediocre compared with some of the company's previous efforts.
  • Bleak outlook for pension plans. Corporate pension plans may be in serious trouble. At the end of last year S&P 500 companies had a combined pension plan surplus of about $60B; through September of this year that figure likely turned into a combined deficit of $75B, which may by now be -$300B or more.
  • Japan announces $50B stimulus package. Japan said it will pump ¥5T ($51B) into its economy, including funds for households and local governments. "We're facing a storm that comes once in every 100 years," Prime Minister Taro Aso said. "While Japan's financial system remains relatively sound there will surely be an impact on the real economy." The Bank of Japan is expected to cut interest rates tomorrow after a Nikkei newspaper report raised expectations of a rate cut, causing the yen to slump and stocks to rise. If BoJ holds its rate steady, the yen could appreciate again as the stock market resume its fall.
  • Factory orders stronger than expected. Durable goods orders increased by 0.8% ($1.6B) in September to $208B, beating the consensus of -1.1%. Inventories increased by $1.2B to $340B. Shipments were up 0.2% following August's 4.2% drop. Excluding transportation, new durable goods orders fell 1.1%. It's still better than the -1.5% consensus, but clearly transport orders were a large part of the upside surprise.
  • EIA's petroleum inventories. Crude +0.49M vs. consensus of +1.55M. Gasoline -1.5M vs. +1.5M. Distillate +2.3M vs. +1.05M. Crude futures are up 0.3% to $67.70.

Earnings: Thursday Before Open

  • Apache (APA): Q3 EPS of $3.52 misses by $0.20. Revenue of $3.36B vs. $3.63B. Shares +1.1%. (PR)
  • AstraZeneca (AZN): Q3 EPS of $1.32 beats by $0.18. Revenue of $7.8B vs. $7.6B. Shares +5.2%. (PR)
  • Avon (AVP): Q3 EPS of $0.52 beats by $0.02. Revenue of $2.64B in-line. Avon believes it will continue to generate strong operating cash flow. Shares -0.6%. (PR)
  • BJ Services (BJS): FQ4 EPS of $0.59 beats by $0.03. Revenue of $1.53B (+15%) vs. $1.47B. Sees FQ1 EPS of $0.48-0.51 vs. $0.56. "We expect drilling activity in North America to begin to decline during our first fiscal quarter and anticipate moderate reductions in certain international markets." (PR)
  • Brink's (BCO): Q3 EPS of $1.00 beats by $0.11. Revenue of $949M (+16.1%) vs. $921M. Shares +4.5%. (PR)
  • CBS (CBS): Q3 EPS of $0.43 beats by $0.03. Revenue of $3.38B (+2.9%) in-line. For the first time in 20 years, CBS TV was #1 in all key categories through the first five weeks of the season. (PR)
  • Colgate-Palmolive (CL): Q3 EPS of $0.99 beats by $0.01. Revenue of $3.99B (+13%) in-line. (PR)
  • Commercial Metals Company (CMC): FQ4 EPS of $0.55 misses by $0.39. Revenue of $3.1B vs. $3.19B. Shares -2.9%. (PR)
  • CVS Caremark (CVS): Q3 EPS of $0.60 in-line. Revenue of $20.86B (+1.8%) vs. $21.06B. (PR)
  • Deutsche Bank (DB): Q3 EPS of €0.39 vs. €1.57 consensus. Revenue of €4.37B in-line. Shares +14.5% in Frankfurt. (AP)
  • Dominion Resources (D): Q3 EPS of $0.94 beats by $0.04. Revenue of $4.23B (+17.9%) vs. $3.55B. (PR)
  • Eastman Kodak (EK): Q3 EPS of $0.33 beats by $0.05. Revenue of $2.4B (-5.1%) vs. $2.53B. (PR)
  • Energizer (ENR): Q3 EPS of $1.67 beats by $0.49. Revenue of $1.12B (+28.3%) vs. $1.05B. "Lower advertising and promotion spending, which we previously disclosed, was augmented by strong hurricane battery volumes." Shares +8.7%. (PR)
  • ExxonMobil (XOM): Q3 EPS of $2.59 beats by $0.20. Revenue of $137.7B vs. $131.4B. Shares +1.15%. (MW)
  • International Paper (IP): Q3 EPS of $0.84 beats by $0.07. Revenue of $6.81B (+22.9%) vs. $7.01B. While Q3 results were solid, International Paper (IP) CEO John Faraci says, higher prices did not offset higher input costs which negatively impacted earnings. "Costs for wood and some key chemicals are still rising. Currently, in aggregate input and transportation costs remain high." Shares +8.9%. (PR)
  • Jarden (JAH): Q3 EPS of $0.98 beats by $0.02. Revenue of $1.46B (+10.1%) in-line. (PR)
  • Marathon Oil (MRO): Q3 EPS of $2.76 beats by $0.43. Revenue of $22.48B vs. $23.4B. Shares +5.7%. (PR)
  • Motorola (MOT): Q3 EPS of $0.05 beats by $0.03. Revenue of $7.48B (-15.1%) vs. $7.82B. Sees Q4 EPS of $0.02-0.04 vs. $0.07. "While our strategic intent to separate the company remains intact, we are no longer targeting the third quarter of 2009, primarily due to the macro-economic environment, stresses in the financial markets and the changes underway in Mobile Devices," co-CEO Sanjay Jha says. (PR)
  • Mylan (MYL): Q3 EPS of $0.23 beats by $0.12. Revenue of $1.66B vs. $1.15B. Shares +2.4%. (PR)
  • Newell Rubbermaid (NWL): Q3 EPS of $0.36 beats by $0.02. Revenue of $1.76B in-line. Sees Q4 EPS of $0.29-0.34 vs. $0.38. Shares -1.8%. (PR)
  • Penske Auto (PAG): Q3 EPS of $0.30 misses by $0.01. Revenue of $3B (-11.4%) vs. $3.12B. "We experienced a rapid decline in consumer interest for new vehicles in both the U.S. and the UK. We believe the challenges in our markets relate mainly to consumer confidence, not credit availability." (PR)
  • Shaw Group (SGR): FQ4 EPS of $0.40 misses by $0.05. Revenue of $1.83B vs. $1.94B. (PR)
  • Shell (RDS.A): Q3 EPS of $2.62 misses by $0.05. Revenue of $131.57B vs. $123.81B. Shares -1.3%. (PR)
  • Taiwan Semi (TSM): Q3 EPS of $0.19 in-line. Revenue of $2.98B (-88.9%) in-line. Sees Q4 revenue of NT$69-71B vs. NT$84.64B. Shares +6.9% in Taiwan. (PR)
  • Unilever (UL): Q3 earnings of $0.51 beats by $0.02. Revenue of $13.40B vs. $14.36B. Sees full-year sales growth "well in excess" of its target. Shares +3.4% in London. (PR)
  • Waste Management (WMI): Q3 EPS of $0.63 beats by $0.01. Revenue of $3.52B (+3.6%) in-line. "The recycling commodity markets have become very volatile over the last two weeks... We do not expect a year-over-year benefit in the fourth quarter." (PR)
  • Wyndham (WYN): Q3 EPS of $0.83 beats by $0.03. Revenue of $1.23B (+0.8%) in-line. 2009 is uncertain "given the disruptions in the global economy and capital markets, and uncertainty about how these will impact employment, consumer spending and other macroeconomic drivers." Shares +0.9%. (PR)

Earnings: Wednesday After Close

  • Advance Auto Parts (AAP): Q3 EPS of $0.59 beats by $0.02. Revenue of $1.19B (+2.6%) in-line. Shares -1.2%. (PR)
  • Allied Waste (AW): Q3 EPS of $0.28 beats by $0.02. Revenue of $1.61B (+3.2%) in-line. Shares +0.2%. (PR)
  • Ameriprise Financial (AMP): Q3 EPS of $0.14 misses by $0.68. Revenue of $2.03B (-6.4%) vs. $1.95B. Shares flat. (PR)
  • Amkor Technology (AMKR): Q3 EPS of $0.44 beats by $0.12. Revenue of $720M (+4.4%) vs. $725M. Shares -2.8%. (PR)
  • Atmel (ATML): Q3 EPS of $0.09 beats by $0.08. Revenue of $400M (-5%) in-line. Shares +2%. (PR)
  • CA Inc. (CA): FQ2 EPS of $0.41 beats by $0.04. Revenue of $1.11B (+3.7%) in-line. Approves $250M share repurchase. Shares +1.8%. (PR)
  • Cliffs Natural Resources (CLF): Q3 EPS of $1.61 misses by $0.66. Revenue of $1.19B (+92%) vs. $1.23B. Shares -0.5%. (PR)
  • CME Group (CME): Q3 EPS of $4.13 beats by $0.15. Revenue of $681M (+20.5%) vs. $644M. Shares -3.2%. (PR)
  • Curtiss-Wright (CW): Q3 EPS of $0.60 in-line. Revenue of $436M (+9.9%) vs. $441M. (PR)
  • Grey Wolf (GW): Q3 EPS of $0.12 misses by $0.05. Revenue of $234M (+2.4%) in-line. (PR)
  • Hartford Financial (HIG): Q3 EPS of -$8.74 vs. -$1.54 consensus. Says volatile credit and equity markets and the largest catastrophe in the past three years significantly affected results. Shares -1.8%. (PR)
  • JDS Uniphase (JDSU): FQ1 EPS of $0.11 beats by $0.02. Revenue of $380M in-line. Shares -1.7%. (PR)
  • MetLife (MET): Q3 EPS of $0.88 misses by $0.01. Revenue of $13.38B (+14.6%) vs. $13.26B. Shares +1.3%. (PR)
  • Murphy Oil (MUR): Q3 EPS of $3.04 beats by $0.39. Revenue of $8.19B (+71.3%) vs. $6.93B. Sees Q4 EPS of $1.00-1.40 vs. $1.99. Shares -1.1%. (PR)
  • Oil States International (OIS): Q3 EPS of $1.66 beats by $0.41. Revenue of $815M (+54.5%) vs. $677M. Sees Q4 EPS of $1.45-1.55 vs. $1.32. Shares +11.5%. (PR)
  • O'Reilly Automotive (ORLY): Q3 EPS of $0.40 in-line. Revenue of $1.11B (+67.9%) in-line. (PR)
  • Owens-Illinois (OI): Q3 EPS of $0.90 beats by $0.05. Revenue of $2.01B (+4.2%) in-line. Shares +0.5%. (PR)
  • Prudential Financial (PRU): Q3 EPS of $0.74 misses by $0.20. Revenue of $6.15B (-9.2%) vs. $6.72B. "Unfavorable financial market conditions are having a substantial negative effect on reported results of our domestic businesses and market values in our investment portfolio." Shares flat. (PR)
  • RealNetworks (RNWK): Q3 EPS of -$0.03 in-line. Revenue of $152M in-line. Shares +2.2%. (PR)
  • Smith Micro Software (SMSI): Q3 EPS of $0.19 beats by $0.04. Revenue of $26.6M (+30.6%) vs. $26.1M. Shares +8.7%. (PR)
  • Standard Pacific (SPF): Q3 EPS of -$0.07 beats by $0.40. Revenue of $400M (-37.8%) vs. $421M. (PR)
  • Symantec (SYMC): FQ2 EPS of $0.37 beats by $0.02. Revenue of $1.52B (+7%) in-line. Sees Q3 EPS of $0.30-0.33 vs. $0.36 and revenue of $1.45-1.5B vs. $1.61B. Shares -5.6%. (PR)
  • Tesoro (TSO): Q3 EPS of $1.63 beats by $0.15. Revenue of $8.7B (+47.4%) vs. $7.81B. Shares +4.5%. (PR)
  • TheStreet.com (TSCM): Q3 EPS of -$0.04 misses by $0.10. Revenue of $16.7M (+3.8%) vs. $19.2M. Names Jim Cramer Chairman, allowing CEO Thomas Clarke to focus "on navigating the company through this difficult economic environment." Shares -0.3%. (PR)
  • ValueClick (VCLK): Q3 EPS of $0.15 in-line. Revenue of $153M (-2.5%) in-line. Sees Q4 EPS of $0.15-0.16 vs. $0.19, and revenue of $140-150M vs. $168M. Shares +2.9%. (PR)
  • Visa (V): FQ4 EPS of $0.58 beats by $0.02. Revenue of $1.71B (+16.7%) in-line. Sees full-year revenue growth at the lower end of the 11-15% range. Shares -0.4%. (PR)
  • Whiting Petroleum (WLL): Q3 EPS of $2.49 beats by $0.16. Revenue of $425M (+106.9%) vs. $358M. (PR)

Today's Markets

  • Asia markets had a stellar day. Nikkei +9.96% to 9,030. Hang Seng +12.82% to 14,330. Shanghai +2.55% to 1,764. India closed.
  • Europe is notably higher at midday. London +1.8%. Paris +1.5%. Frankfurt, yesterday's laggard, +4.7%.
  • U.S. futures indicate a strong open. Dow +3.5%. to 9,160. S&P +3.1% to 956. Nasdaq +3.2%. Crude +1.5% to $68.49. Gold +2.3% to $771.50.

Thursday's Economic Calendar

Seeking Alpha editor Rachael Granby contributed to this post.


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After you finish reading Wall Street BreakfastSeeking Alpha's Market Currentswill keep you current all day long.

Complete Story »]]> AAP AMKR AMP ANZ APA ATML AVP AW BCO BHP BIIB BJS CA CBS CL CLF CMC CME CVS CVX CW D DB DIA EK ELN ENR GLD GW HIG IP JAH JDSU MET MOT MRO MUR MYL OI OIS ORLY PAG PRU QQQQ RDS.A RNWK RTP SGR SMSI SPF SPY SYMC TSCM TSM TSO UL USO V VCLK WLL WM WYN XOM SA Editor Eli Hoffmann Australian Stocks: 14 Ways to Invest Down Under http://seekingalpha.com/article/39021-australian-stocks-14-ways-to-invest-down-under?source=feed 39021

Here are few facts about Australia that are important to investors:

]]> Thu, 21 Jun 2007 13:26:18 -0400 Stockerblog Stockerblog submits: Are you looking for stocks down under? Here are a few worth taking a gander at, that mainly trade on either the New York Stock Exchange, or the NASDAQ. Some are very large, and others are very small, and should be considered as being very speculative.

Here are few facts about Australia that are important to investors:


Complete Story »]]> AMCRY.PK ANZ AWC BHP CCLAY.PK FXA GENE MTSXY.PK PRAN PSDV PXSL RIN TLSYY.PK WBK Stockerblog Two Australian Banks That Just Keep Going Up http://seekingalpha.com/article/28063-two-australian-banks-that-just-keep-going-up?source=feed 28063 roger nusbaumRoger Nusbaum submits: I found this little nugget about the Australian Banks on a site called The Stock Advisors written by Jon Markman.

He is bullish on the two of them in particular: National Australia Bank (NAB) and Australia and New Zealand Banking (ANZ).

]]> Mon, 26 Feb 2007 13:27:06 -0500 Roger Nusbaum Roger Nusbaum submits:

roger nusbaumRoger Nusbaum submits: I found this little nugget about the Australian Banks on a site called The Stock Advisors written by Jon Markman.

He is bullish on the two of them in particular: National Australia Bank (NAB) and Australia and New Zealand Banking (ANZ).


Complete Story »]]> ANZ Roger Nusbaum Fisher's Buyout Candidates http://seekingalpha.com/article/23713-fisher-s-buyout-candidates?source=feed 23713 CXO Advisory Group currently ranks Fisher No. 1 in its survey of over 35 media-based stock-market forecasters. He has an accuracy rate of 71% (Jim Cramer is at 47%).

Stock pickers will find a trenchant theme in his articles. As Fisher writes, “This is a great time to have part of your portfolio in the shares of takeover candidates.”

]]> Mon, 08 Jan 2007 17:42:55 -0500 Larry MacDonald Larry MacDonald submits: One of the great resources on the Web, in my opinion, is the Forbes column written by Ken Fisher. The CXO Advisory Group currently ranks Fisher No. 1 in its survey of over 35 media-based stock-market forecasters. He has an accuracy rate of 71% (Jim Cramer is at 47%).

Stock pickers will find a trenchant theme in his articles. As Fisher writes, “This is a great time to have part of your portfolio in the shares of takeover candidates.”


Complete Story »]]> ANZ BOL BPOP CAG CHR CSBHY.PK DEG FHN GR HD HRB IRE KFY KG NGG PFG PH PKI SDX SFD STA TIF Larry MacDonald Capturing Australia via ETF, ADR or CEF http://seekingalpha.com/article/15961-capturing-australia-via-etf-adr-or-cef?source=feed 15961 Roger Nusbaum submits: A reader asked about using the WisdomTree DIEFA High Yielding Equity Fund (DTH) as a proxy for Australia.

Australia is a commodity-based economy. Because of that there is the expectation that it would have a different economic cycle than in the US. It stands to reason that the stock market cycle would then be different as well. That is why I own the country.

]]> Fri, 25 Aug 2006 07:44:12 -0400 Roger Nusbaum Roger Nusbaum submits:

Roger Nusbaum submits: A reader asked about using the WisdomTree DIEFA High Yielding Equity Fund (DTH) as a proxy for Australia.

Australia is a commodity-based economy. Because of that there is the expectation that it would have a different economic cycle than in the US. It stands to reason that the stock market cycle would then be different as well. That is why I own the country.


Complete Story »]]> ANZ DTH EWA Roger Nusbaum Jim Cramer's Mad Money In-Depth Stock Picks 6/27 http://seekingalpha.com/article/12651-jim-cramer-s-mad-money-in-depth-stock-picks-6-27?source=feed 12651 Tuesday June 27. Click on a stock ticker for more analysis:

Note: This program is a compilation of picks and comments from past shows. There is no 'Lightning Round'.

Samurai Stocks

]]> Wed, 28 Jun 2006 06:54:44 -0400 SA Editor Miriam Metzinger Tuesday June 27. Click on a stock ticker for more analysis:

Note: This program is a compilation of picks and comments from past shows. There is no 'Lightning Round'.

Samurai Stocks


Complete Story »]]> ANZ HMC KNBWY.PK KUB MC MTU TM SA Editor Miriam Metzinger Jim Cramer's Radio Show Stock Picks http://seekingalpha.com/article/8968-jim-cramer-s-radio-show-stock-picks?source=feed 8968 Recap of Jim Cramer's Radio show, Tuesday April 11th. Click on a stock ticker for more analysis:

General comment: How to Play Rising Oil Prices

]]> Tue, 11 Apr 2006 11:53:14 -0400 SA Editors Recap of Jim Cramer's Radio show, Tuesday April 11th. Click on a stock ticker for more analysis:

General comment: How to Play Rising Oil Prices


Complete Story »]]> ALJ ANZ BRCM CIEN MC MO NIPNF.PK NT RACK VLO XOM SA Editors