Yahoo! sales and profits for Q3 above analysts' expectations
2007-10-16 20:55:00
In its first full quarter under the direction of new chief executive officer Jerry Yang, Internet media titan Yahoo
! reported that sales and profits
for the third quarter beat analysts' expectations.Yang also outlined an updated strategy for Yahoo. He stressed that the company was planning to more effectively integrate its numerous assets more directly into the Yahoo home page, add more online advertising partners and open up applications on Yahoo to outside developers.Shares of Yahoo surged nearly 10 percent in after-hours trading following a more than 4 percent decline in regular trading on the Nasdaq Tuesday.Yahoo's good news also helped lift shares of Google in after hours trading. Google's stock rose nearly 2 percent after the closing bell.Yahoo (Charts, Fortune 500) reported sales of $1.77 billion, up 12 percent from a year ago. Excluding advertising sales that Yahoo shares with partners, the company reported revenue of $1.28 billion, an increase of 14 percent. Wall Street ha
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Intel beats estimates, shares jump 5%
2007-10-16 20:43:00
Intel Corp., citing a strong market for personal computers, reported big increases in third quarter revenue and profit exceeding analysts' projections.Shares of Intel (Charts, Fortune 500) jumped nearly 5 percent after-hours immediately following the announcement, after closing down slightly at $25.48.Intel, the world's largest chipmaker, said third-quarter earnings reached $1.9 billion, a 43 percent increase over the same period last year, and earnings per share were 31 cents, up 41 percent from the same period last year.Analysts surveyed by Thomson First Call had forecast earnings per share of 30 cents.The company reported revenue of $10.1 billion in the third quarter, a 15 percent increase over the same quarter last year.Analysts had estimated that revenue would be $9.62 billion.Intel's third-quarter gross margin was 52.4 percent, up from 46.9 percent in the second quarter.The company also offered fourth quarter revenue guidance of between $10.5 billion and $11.1 billion, ahead o
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, shares
Bernanke & Paulson warn, Treasurys jump
2007-10-16 20:09:00
Treasury prices closed higher Tuesday after Federal Reserve Chairman Ben Bernanke
and Treasury Secretary Henry Paulson
both warned of continuing economic weakness linked to housing and credit problems.Paulson said Tuesday the contraction in residential real estate has gone on longer than expected and will hurt the economy and markets for months to come. He described housing as the "most significant" risk to the economy.Bernanke late Monday warned that a deepening housing slump probably will put a "significant drag" on economic growth into next year. He also said it will take time for Wall Street to fully recover from the recent credit crisis.However, Bernanke also pledged to "act as needed" to help financial markets function smoothly and keep the economy and inflation on an even keel. That remark suggests the Fed could soon deliver the rate cut the market wants, but it was hardly a promise."I think that people of the opinion that there will be no rate cut at the October meeting could c
Northern Rock says funding model deepened crisis
2007-10-16 12:11:00
Northern
Rock (LSE: NRK.L - news) could have been spared the worst of a crisis that has engulfed the mortgage bank in the past month if it had access to the same funding as U.S. and European rivals, its chief executive said.In the highest-profile grilling of Northern Rock executives since the near-collapse of Britain's fifth-largest mortgage lender, the bank told a parliamentary hearing that its board had offered to resign but agreed to stay in place to steer the bank to a takeover or other outcome in the coming months.Critics have rounded on Northern Rock's management and regulators over their role in the crisis, which prompted the first run on a major British bank in over 140 years."The fundamental cause was the speed and duration and the global nature of the liquidity freeze, heightened for us by the fact we didn't have access to the same type of borrowing facilities available to banks in the U.S. and from the ECB (European Central Bank)," Adam Applegarth, Northern Rock's chief
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PetroChina Surpasses GE as Worlds Second
2007-10-16 11:59:00
Record oil prices and strong sales and profits have vaulted PetroChina
Co. Ltd. (PTR) past General Electric Co. (GE) as the world’s second-biggest company by market value.PetroChina also said it had completed procedures for its $5 billion A-share initial public offering and expects to list its shares on China’s Shanghai stock exchange in November. The pending swarm of fresh investors should bump the $434 billion PetroChina even closer toward the world’s largest company, the $525-billion Exxon Mobil Corp. (XOM).Adding to PetroChina’s hot streak, the company may make further discoveries in the northern Liaohe and Dagang areas, Bloomberg News reported that Chairman Jiang Jiemin stated at the Communist Party Congress in Beijing yesterday (Monday). The offshore oil discoveries would add to reserves from the Jidong Nanpu field, the nation’s largest oil discovery in almost half a century - and the site of newly discovered reserves.Overall, the hope is that more domestic oil producti
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, Second
Gold Rises to 27-Year High on Record Oil Price; Silver Advances
2007-10-16 11:40:00
Gold gained to a 27-year high in London as rising prices for commodities such as crude oil spurred investors to increase their holdings of the metal.The Reuters-Jeffries/CRB Index of 19 commodities yesterday closed at a 14-month high. Crude oil extended gains today to a record $87.13 a barrel. Investors have bought 2.7 million ounces of gold through exchange traded funds, or ETFs, in the past five weeks, half the increase for all of 2007, according to estimates by South Africa's Macquarie First South."The ETFs are actually driving the gold price because there's so much money going into ETFs", said David Hall, an analyst at the brokerage in Johannesburg. ``If oil goes up, then you often see the gold price go up.''Gold for immediate delivery rose $4.59, or 0.6 percent, to $764.00 an ounce as of 9:26 a.m. in London after earlier trading at $767.09, the highest since January 1980.''Everyone is trying to pick the top'', said Emanuel Georgouras, precious metals trader at Marex Finan
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, Silver
, Year High
Oil reaches $86 for the first time
2007-10-15 22:24:00
Oil prices surged higher than $86 a barrel Monday for the first time after OPEC said crude production by non-member countries is likely falling even as global demand for oil is rising.The price for light sweet crude settled at a record $86.13 a barrel, up $2.44 from Friday's $83.69.Prices were also supported by concerns Turkish forces will pursue Kurdish rebels into Iraq, disrupting oil supplies, and by technical buying by investment funds.Monday's intra-day high was $86.20 a barrel, breaking Friday's peak of $84.05.Despite the Organization of Petroleum Exporting Countries' decision last month to boost its production by 500,000 barrels per day beginning next month, the rest of the world will likely produce 110,000 fewer barrels of oil per day than expected in the fourth quarter, OPEC said in a report.At the same time, fourth quarter demand for crude oil will grow by 100,000 barrels a day over last year, OPEC said.The estimates add to sentiment that crude supplies are tight. Last w
PowerShares QQQ
2007-10-15 19:27:00
PowerShares QQQ™ (Symbol: QQQQ). PowerShares QQQ™ seeks to replicate the NASDAQ-100 Index®, which includes 100 of the largest, most innovative non-financial companies that trade on the NASDAQ Stock Market®. Formerly known as the NASDAQ-100 Index Tracking Stock® or QQQ, PowerShares QQQ™ gained its popularity through investment professionals, private investors and more recently, financial advisors.Today, over 1 million people are harnessing the power of PowerShares QQQ™ through the implementation of various investment strategies. These strategies include a diversified, long-term investment approach and the provision of a full suite of derivative products that may be used in conjunction with the PowerShares QQQ™.
Warren Buffett sells more PetroChina (PTR), but ADRs are up
2007-10-10 13:30:00
Warren Buffett
appears to be clearing out Berkshire Hathaway (NYSE: BRK.A)'s portfolio of its PetroChina
ADR (NYSE: PTR). shares. Berkshire actually owns the regular shares, not the ADRs. According to Reuters, Berkshire Hathaway has reduced its stake to about 3.1%, and since the required filings with the Security and Exchange Commission happen in the rears, Berkshire Hathaway may have disposed of all its shares by now.When I posted Serious Money: Berkshire Hathaway (BRK.A) cuts PetroChina (PTR) holdings again, I was under the impression that Buffett had maintained a sizable position in the stock. By most standards, this might still be the case, but as a percentage of what Berkshire held, it is clear now that it has decided to unload the stock, siding with its more vocal shareholders that it had no business supporting a company doing business with a Somalian Sudanese government which has demonstrated contempt for human rights and ignored international calls for change.Although Buffett
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, Warren Buffett
VIX - The CBOE Volatility Index
2007-10-05 22:00:00
The CBOE Volatility
Index
® (VIX®) is a key measure of market expectations of near-term volatility conveyed by S&P 500 stock index option prices. Since its introduction in 1993, VIX has been considered by many to be the world's premier barometer of investor sentiment and market volatility.
U.S. stocks are poised to retreat on this Wednesday opening bell
2007-10-03 05:40:00
U.S. stocks are poised to retreat
at the opening bell Wednesday
after a disappointing earnings report from memory chipmaker Micron Technologies late Tuesday and investor hesitation ahead of the latest employment report.
Dow Jones reaches new all-time high!
2007-10-01 20:54:00
The Dow Jones
industrial average jumped 192 points to end at an all-time high of 14,087.55. Earlier in the session, the Dow had hit 14,115.51, a new record intraday high. The previous intraday high was 14,021.95 from July 19.
Technical Analysis Indicators
2007-09-30 22:43:00
MACD
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, Analysis
, Indicators
Welcome to Bolsanet!
2007-09-28 14:47:00
This blog is ment to share investing ideas on stockmarkets all over the world.Intraday charts, 1 ytd charts, technical analysis of market indexes and stocks.Dow Jones, S&P 500, Nasdaq, european (Euronext, DAX, CAC, FTSE), asian (Nikkei, Hang Seng) and other markets.Commodities like gold, silver, platinum, oil, gas and crude.Currency ratios Euro/Dollar/Yen.»»» If you want to post your ideas and colaborate with us please send an email to and shortly we'll give you permission to post on Bolsanet Blog.You are very welcome!!!
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Stocks Fall As Profit Reports Disappoint
2007-10-19 12:20:00
Stocks pulled back sharply and bonds jumped Friday as lackluster profit reports and rising oil prices stirred concerns about the ability of the economy to continue to push ahead.Disappointing results from Dow Jones industrial average components 3M Co., Honeywell Inc., and Caterpillar Inc., gave investors little incentive to buy. Wachovia Corp.'s weak profits renewed concerns that have dogged Wall Street in recent months about the banking sector.Rising oil prices added to investors' concerns. Oil moved past the psychological barrier of $90 per barrel for the first time before retreating."We've got a multitude of earnings that are less than optimal in spaces outside the financials," said Art Hogan, chief market strategist at Jefferies & Co. "Investors are starting to get concerned about both the pace of the U.S. economy and the pace of earnings growth."In midday trading, the Dow Jones industrial average fell 175.91, or 1.27 percent, to 13,713.05. The Dow had been down as much as 2
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Bank of America's quarterly profit falls 32%
2007-10-19 00:22:00
Bank of America
's third-quarter earnings skidded to $3.7 billion, or 82 cents a share, from $5.42 billion, or $1.18 a share, a year earlier.A 93% drop in profit
at the firm's investment bank -- to $100 million from $1.43 billion a year earlier -- was largely responsible for the fall.Ken Lewis, the bank's CEO summed up the firm's frustration with results at the investment bank during a conference call Thursday. Asked by analyst if he planned to do any acquisitions or expand the business in order to get more experienced staffers, Lewis said: "I have had all of the fun I can stand in investment banking at the moment. So to get bigger is not really something I want to do."He said there will likely be changes at the unit and has set a review of the business."What I can't say is that we'll stay the course," he said. "The probability of changes and eliminations of some businesses and infrastructure ... is very high."The mean estimates of analysts surveyed by Thomson Financial were for e
Google 3Q Profit Soars 46 Percent
2007-10-18 15:41:00
Google Inc.'s third-quarter profit soared 46 percent to hurdle the enormous expectations that have elevated the Internet search leader's stock price by more $100 during the past month.The Mountain View-based company said Thursday that it earned $1.07 billion, or $3.38 per share, for the three months ended in September, up from net income of $733.4 million, or $2.36 per share, at the same time last year.If not for the cost of awarding stock to its steadily expanding work force, Google said it would have earned $3.91 per share. That topped the average estimate of $3.78 per share among analysts surveyed by Thomson Financial.Revenue for the period totaled $4.23 billion, a 57 percent increase from $2.67 billion last year.After subtracting commissions paid to its thousands of advertising partners, Google's revenue stood at $3.01 billion -- about $70 million above the average analyst estimate.The performance represented a return to form for Google after its second-quarter earnings disappoi
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, Percent
EBay beats forecast but sees loss due to Skype charges
2007-10-18 03:55:00
EBay (EBAY) reported Wednesday a third-quarter net loss of more than $936 million — a rare plunge into the red for the e-commerce juggernaut caused by charges to its Skype
telecommunications division.But San Jose-based eBay still easily exceeded Wall Street's expectations for the quarter ended Sept. 30, thanks to record revenue of $1.89 billion, up 30% from the year-ago quarter.Executives credited record revenue at the PayPal electronic payment division, and brisk sales outside of the United States and at ticket broker StubHub.com.Early this month, eBay announced it would take a $900 million write-down in the value of Skype. That impairment charge essentially acknowledged that eBay executives drastically overvalued the $2.6 billion Skype acquisition, completed in October 2005. EBay also paid certain Skype shareholders $530 million to settle future obligations.Including the Skype charges, eBay lost $936.6 million, or 69 cents a share. In the year-ago quarter, it earned $280.9 million
Oil spikes, almost reaching $90
2007-10-17 11:54:00
Oil prices hit a fresh intraday high Wednesday - despite the government's report showing surprising inventory growth - after Turkey authorized military action in Iraq.Light, sweet crude for November delivery rose 89 cents to $88.50 a barrel on the New York Mercantile Exchange, eclipsing Tuesday's record trading high of $88.20; the price rose as high as $89.00 before retreating. On Tuesday, oil prices closed at an all time high of $87.61.Just after the Energy Department's Energy Information Administration inventory report earlier in the session, oil prices fell as low as $87.09 before rebounding.Despite the surprise increase in inventories, tensions between Turkey and Kurdish separatists in northern Iraq continued to support higher crude prices.The Turkish parliament voted 507 to 19 Wednesday to authorize its military to stage an incursion into Iraq to take on Kurdish rebels.Conflict along the Turkey-Iraq border could disrupt oil supplies coming out of the region and drive crude pric
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J.P. Morgan profit rises despite markdown
2007-10-17 11:43:00
J.P. Morgan
Chase & Co. reported a rise in quarterly profit
Wednesday, even as its investment banking business was hurt by turmoil in the global credit markets.Net income edged higher to a record $3.4 billion, or 97 cents a share, from $3.3 billion, or 92 cents a share, in the year-earlier period. Net managed revenue rose 4 percent to $17 billion in the quarter, and total managed provisions for credit losses rose 67 percent to $2.4 billion.The bank did better than Wall Street thought it would. Analysts had expected J.P. Morgan to post earnings of 90 cents a share on revenue of $16.6 billion for the quarter ended in September, according to estimates from earnings tracker Thomson First Call.J.P. Morgan (Charts, Fortune 500) shares rose 4 percent in morning trading on the New York Stock Exchange.The strong results contrast starkly from those of rival Citigroup Inc. (Charts, Fortune 500), which posted a 57 percent drop in quarterly profit on Monday, and highlight how the credit crisis
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Coca-Cola posts higher profit, sales
2007-10-17 11:16:00
Coca-Cola Co. posted a jump in its third-quarter profit
and sales Wednesday, helped by strength in its overseas markets, although the company continues to suffer sluggish cola sales in its key North America market.The Atlanta-based Coke (Charts, Fortune 500), the world's largest beverage maker ahead of Pepsi (Charts, Fortune 500), logged a profit of 71 cents a share in the quarter, up from 62 cents a share a year earlier.The company said earnings-per-share for the quarter included a restructuring charge of 3 cents per share.Revenue for the quarter increased 19 percent to $7.6 billion. Analysts, on average, had forecast a profit of 68 cents a share on revenue of $7.3 billion.Investors applauded Coke's results. Coke shares rose almost 2 percent on the New York Stock Exchange. The stock has had a nice run-up, rising about 20 percent so far this year, outpacing a 15 percent gain in rival Pepsi's shares over the same period.(source: CNNMoney.com)
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Gold futures rise as dollar dips, crude hits record
2007-10-16 19:36:00
Gold futures
advanced on Wednesday, as the dollar fell in the wake of data that showed tame core inflation and a sharp drop in housing starts, while oil's rise to a new intraday record of $89 a barrel also kept the precious metal at levels unseen in almost three decades."Gold is setting up for a big run to $800 now and it may just get there," said Kevin Kerr, editor of Global Resources Trader, a newsletter of MarketWatch.'Within 6-12 months, we may see an $810 or higher gold price, maybe sooner if things continue as they are.'— Kevin Kerr, Global Resources Trader"We have not broken through key resistance and, as the dollar teeters on further weakness, we also head into gold jewelry season, [so] we will see massive buying on the physical and futures side," he said in a note.Gold for December delivery finished with a modest gain of 30 cents at $762.30 an ounce on the New York Mercantile Exchange. It earlier rose as high as $769.80.Prices for crude oil futures also fell back to end
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