I wouldn’t have expected it but the market rallied strongly in the last half hour taking back about 40% of its losses (Intraday Chart).
Yesterday, Circuit City, with 721 US stores and 43,000 employees, filed for bankruptcy. Starbucks (SBUX) announced their worst quarter ever with same store sales in the US down -8% from the year ago period (SBUX FY 4Q Earnings Release). Up…
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This is unbelievable: Intel (INTC) is trading below $13 a share. That’s right around where it bottomed in October 2002 after the tech bust. Prior to that, it hasn’t traded at these levels since 1996 – shortly after its IPO….
Google (GOOG/GOOGL) reported 1Q25 earnings after the close Thursday. I think Gene Munster is right in characterizing the quarter as “good but not great” as Search Revenue growth continues to decelerate. Nevertheless, with the stock beat down over the last…
Our fourth quarter results suggest the worst of the economic cycle is likely behind us. While the psychological impact of falling home prices and an uncertain employment picture continue to weigh on consumers, improving comparable store sales trends, including improvement…