“Apple, Google, Amazon have all had big moves. But if Apple misses tonight, the party’s over.” – Peter Boockvar (subscription required), Miller Tabak It looks like a pretty slow day. While fires rage in Southern California and Turkey announcing that it…
We expect 2008 to be the sixth consecutive year of sales and revenues growth, despite a US economy near to, or even in, recession. Many US industries important to our sales are in recession [prominently housing]. – Caterpillar 3rd Quarter…
5014 homes and condos traded hands in the 9 county Bay Area in September. That’s down 40% from last September and the weakest September on record in DataQuick’s database, which goes back to 1988. Interestingly, prices seem to be holding…
(In conjunction with this post, also read the one from last week on Winnebago, especially the quote from Ron Muhlenkamp at the top). As expected, since they preannounced weak results in early September, Harley Davidson (HOG) reported a weak 3rd…
After reviewing Google’s 3rd quarter earnings report (3Q Earnings Release) it looks like pretty much an in line quarter. Revenue after Traffic Acquisition Costs (TAC) was $3.01 billion – analysts were looking for $2.94 billion according to Yahoo! Net Income,…
Google (GOOG) will be reporting 3rd quarter earnings after the close today and all eyes will be on them. Along with Goldman Sachs (GS), Google is probably the most important stock in the stock market. It’s not only a huge…
Kirk this morning put up the interview Stocks & Commodities Magazine recently did with him. Lots of interesting stuff such as why he decided to become a full time independent trader, why he decided to get out of the newsletter…
The market has really sold off over the last couple hours. After being up strongly at the open on strong earnings news from Intel and others, the market has pretty much tanked (Nasdaq Chart). It looks like one of the…
Scene: Meeting between an unnamed money market manager and The MLEC (”The Entity”). Treasury Secretary Paulson is present. MLEC: Would you like to buy some of our asset backed commerical paper? Manager: Yes. But we’re fully invested right now. Maybe…
After the close yesterday, one of the biggest, most important and still beloved tech stocks, Intel (INTC), king of the semiconductors, reported what can only be described as an excellent quarter (3Q Press Release). The most impressive number in my…