Is the relentless selling EVER going to end? Apple (AAPL) reported first quarter of their fiscal year earnings after the close today and while the just completed quarter was sparkling their forecast for next quarter was underwhelming. In the just completed…
“The upshot of this is that capital needed to stay triple-A at S&P will likely rise substantially from the levels laid out less than one month ago.” – David Havens (subscription required), analyst UBS Securities It took me a while today…
You have to go all the way back to September 22, 2000 – more than 7 years ago – to find a day in which as many shares of Intel (INTC) traded in a single day as traded today (INTC…
“95 percent of the time when you go against that kind of hysteria, you are going to make money.” – Legendary Investor Jim Rogers, “Buying Value and Selling Hysteria” in Market Wizards: Interviews With Top Traders (1989) The move in Intel…
Mark it down. About 30 minutes ago, when the headline “Intel 4th Quarter 38 cents EPS” was sent over the wire services, the bear market of 2008-09 began. Not only did we close at 9 month lows today but we’re…
“We are growing increasingly concerned on an inventory correction for PC components due to weakening demand and high channel inventory.” – “Intel Takes One For The Team” (subscription required), JP Morgan Analysts Christopher Danley and Scott Jones in a note…
Doh! The song says to build the city on rock and roll – not CDOs! Imagine: a simple little screw up like that in your business plan and BOOM: $18 billion in writedowns. On top of that, the consumer lending…
“… there is a light burning in this guy that doesn’t burn in many people.” – Earl G. Graves Jr., president of Black Enterprise Magazine, who knew Lampert when they were both students at Yale in the early ’80s In a…
“Starbucks can come back financially. But it’s never going to be cool again.” – Sarah Gilbert, BloggingStocks.com Business columnist Joe Nocera has a wonderful column up from yesterday “Curing What Ails Starbucks”. All Starbucks (SBUX) stockholders and investors interested in…
BeSpoke has an interesting post up this afternoon showing that while the average stock in the S&P 1500 is off 30% from its highs, the index as a whole is only off 12%. What this implies is that the biggest,…