On the Citigroup (C -2.8%) conference call, Mike Mayo gets to the heart of the big miss, noting the reserve release added just $0.02 to EPS vs. $0.19 last quarter. Why? Management has a long explanation, but suffice it say these things are somewhat subjective. Kitchen sink indeed. Corbat: "We've got to get to a point where we stop destroying our shareholder's value." [View news story]
Yum Brands (YUM) warns on China, expecting same-store sales there to be off 6% in Q4 vs. an earlier forecast of -4% thanks to the effect on KFC sales in late December from the poultry contamination issue. The company continues to expect full-year EPS of $3.24. Shares -3% AH. [View news story]
All i can say is chicken is cheap and good....62 is good to buy yum.....
StanChart (SCBFF.PK) is considering countersuing New York's Department of Financial Services for reputational damage following the latter's allegations about the bank's dealings in Iran, the FT reports. Several months ago, StanChart offer to pay a $5M fine for the $14M of transactions it agrees violated U.S. law but was rebuffed; the DFS is eyeing penalties of over $500M. [View news story]
Nokia: Still A Strong Buy For Contrarians After Q2 Numbers [View article]
I am all in at 1.70....! If microsoft buys it or some other comapnies, it can go past 2.50. In a jiffy! Look at Motorola! Matter of time this comapany is bought by microsoft!
Jamie Dimon picks up 500K shares of JPMorgan Chase (JPM) - about $17M worth - according to a late-Friday filing. The moves (by Dimon and his wife and associated trusts) come in combination with selling about $13.5M worth of preferred shares. [View news story]
Follow the leader, he must know something right, that we dont know.
Nokia (NOK) slashes the price of its flagship Lumia 900 phone by half in the U.S., barely a quarter after its introduction - though it's not clear whether Nokia or partner AT&T (T) will take the bigger hit. Quick price drops aren't unprecedented, but NOK (with market cap now down more than 95% from its tech-boom peak) is under scrutiny after a lackluster Lumia rollout. [View news story]
Nokia (NOK -9.7%) and Alcatel-Lucent (ALU -7.5%) are off sharply, as investors fret Europe's debt crisis will prevent the cash-burning companies from raising fresh capital. Nokia is now at levels last seen in 1996, and speculation is growing newly-minted tablet seller Microsoft (MSFT) will consider buying its Windows Phone partner. Nonetheless, a Microsoft exec asserts his company has no interest in making its own phones, shooting down prior speculation. [View news story]
Buying NOKIA at this dirt cheap levels is better than buying greece, italian and spanish bonds!!....OF course Microsoft will deny the news to buy! But deep inside they are salivating to buy!! DIRT CHEAP! How can they pass??
Research In Motion (RIMM) might hawk its BlackBerry business to Amazon (AMZN) or Facebook (FB); sell or open up its messaging systems to Apple (AAPL) or Google (GOOG); or keep the company whole and sell a large stake to Microsoft (MSFT), Sunday Times says ($$). For now, keep an eye on Q1 earnings this week. [View news story]
Central bankers are keeping it low-key for now, writes Saxo Bank's Steen Jakobsen, but they're surely realizing they've fallen behind the curve. China is slowing precipitously, the rest of Asia is suffering from a cutoff in credit as EU banks pull back, and, of course, there's Europe. The central banks aren't going to sit on their hands forever. He's buying GLD, GDX, and HYG. [View news story]
A bigger qe is coming, unless Obama wants to retire now. He is sure to lose with out QE!
Thanks to Nokia's (NOK) Lumia releases, Windows Phone (MSFT) managed to account for 4.1% of Western European smartphone sales in Q1, per IDC. Android (GOOG) had 55% of the market, the iPhone (AAPL) 25%, and BlackBerry (RIMM) devices 9% (down from 17% a year earlier). A Microsoft exec recently claimed Windows Phone had 7% of the Chinese smartphone market. Nokia's high-end Lumia 900 was launched early in Q2. [View news story]
Your money will increase 50% in a yrs. time i guarantee you!
Thanks to Nokia's (NOK) Lumia releases, Windows Phone (MSFT) managed to account for 4.1% of Western European smartphone sales in Q1, per IDC. Android (GOOG) had 55% of the market, the iPhone (AAPL) 25%, and BlackBerry (RIMM) devices 9% (down from 17% a year earlier). A Microsoft exec recently claimed Windows Phone had 7% of the Chinese smartphone market. Nokia's high-end Lumia 900 was launched early in Q2. [View news story]
Nokia Lumia impressive sales in europe, asia especially China! Am all in! Price to double at least yr. end!
On the Citigroup (C -2.8%) conference call, Mike Mayo gets to the heart of the big miss, noting the reserve release added just $0.02 to EPS vs. $0.19 last quarter. Why? Management has a long explanation, but suffice it say these things are somewhat subjective. Kitchen sink indeed. Corbat: "We've got to get to a point where we stop destroying our shareholder's value." [View news story]
Yum Brands (YUM) warns on China, expecting same-store sales there to be off 6% in Q4 vs. an earlier forecast of -4% thanks to the effect on KFC sales in late December from the poultry contamination issue. The company continues to expect full-year EPS of $3.24. Shares -3% AH. [View news story]
Which Social Web Stocks To Own Going Into 2013? [View article]
Buy Corning, A Turnaround Tech Stock [View article]
StanChart (SCBFF.PK) is considering countersuing New York's Department of Financial Services for reputational damage following the latter's allegations about the bank's dealings in Iran, the FT reports. Several months ago, StanChart offer to pay a $5M fine for the $14M of transactions it agrees violated U.S. law but was rebuffed; the DFS is eyeing penalties of over $500M. [View news story]
Nokia: Still A Strong Buy For Contrarians After Q2 Numbers [View article]
Jamie Dimon picks up 500K shares of JPMorgan Chase (JPM) - about $17M worth - according to a late-Friday filing. The moves (by Dimon and his wife and associated trusts) come in combination with selling about $13.5M worth of preferred shares. [View news story]
Nokia (NOK) slashes the price of its flagship Lumia 900 phone by half in the U.S., barely a quarter after its introduction - though it's not clear whether Nokia or partner AT&T (T) will take the bigger hit. Quick price drops aren't unprecedented, but NOK (with market cap now down more than 95% from its tech-boom peak) is under scrutiny after a lackluster Lumia rollout. [View news story]
The Rebound In Natural Gas May Have Some Big Long-Term Legs [View article]
Nokia: Patent Portfolio Valuation Range Too Great To Make Nokia A Compelling Buy [View article]
Nokia (NOK -9.7%) and Alcatel-Lucent (ALU -7.5%) are off sharply, as investors fret Europe's debt crisis will prevent the cash-burning companies from raising fresh capital. Nokia is now at levels last seen in 1996, and speculation is growing newly-minted tablet seller Microsoft (MSFT) will consider buying its Windows Phone partner. Nonetheless, a Microsoft exec asserts his company has no interest in making its own phones, shooting down prior speculation. [View news story]
Research In Motion (RIMM) might hawk its BlackBerry business to Amazon (AMZN) or Facebook (FB); sell or open up its messaging systems to Apple (AAPL) or Google (GOOG); or keep the company whole and sell a large stake to Microsoft (MSFT), Sunday Times says ($$). For now, keep an eye on Q1 earnings this week. [View news story]
Central bankers are keeping it low-key for now, writes Saxo Bank's Steen Jakobsen, but they're surely realizing they've fallen behind the curve. China is slowing precipitously, the rest of Asia is suffering from a cutoff in credit as EU banks pull back, and, of course, there's Europe. The central banks aren't going to sit on their hands forever. He's buying GLD, GDX, and HYG. [View news story]
Thanks to Nokia's (NOK) Lumia releases, Windows Phone (MSFT) managed to account for 4.1% of Western European smartphone sales in Q1, per IDC. Android (GOOG) had 55% of the market, the iPhone (AAPL) 25%, and BlackBerry (RIMM) devices 9% (down from 17% a year earlier). A Microsoft exec recently claimed Windows Phone had 7% of the Chinese smartphone market. Nokia's high-end Lumia 900 was launched early in Q2. [View news story]
Thanks to Nokia's (NOK) Lumia releases, Windows Phone (MSFT) managed to account for 4.1% of Western European smartphone sales in Q1, per IDC. Android (GOOG) had 55% of the market, the iPhone (AAPL) 25%, and BlackBerry (RIMM) devices 9% (down from 17% a year earlier). A Microsoft exec recently claimed Windows Phone had 7% of the Chinese smartphone market. Nokia's high-end Lumia 900 was launched early in Q2. [View news story]