SeekingAlpha.com: Home Page Home Page RSS Syndication from SeekingAlpha.com SeekingAlpha.com http://seekingalpha.com Joe's Jeans Inc. Q2 2009 Earnings Call Transcript http://seekingalpha.com/article/149089-joe-s-jeans-inc-q2-2009-earnings-call-transcript?source=feed 149089 Joe's Jeans Inc. (JOEZ)

Q2 2009 Earnings Call

July 15, 2009 4:30 pm ET

]]> Wed, 15 Jul 2009 21:59:25 -0400 <p>Joe's Jeans Inc. (<a href='http://seekingalpha.com/symbol/joez' title='More opinion and analysis of JOEZ'>JOEZ</a>)</p> <p>Q2 2009 Earnings Call</p> <p>July 15, 2009 4:30 pm ET</p><br/><a href='http://seekingalpha.com/article/149089-joe-s-jeans-inc-q2-2009-earnings-call-transcript?source=feed'>Complete Story &raquo;</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=8JtAoMoPUBQ:jrAPsvaQhhU:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=8JtAoMoPUBQ:jrAPsvaQhhU:7Q72WNTAKBA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=7Q72WNTAKBA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=8JtAoMoPUBQ:jrAPsvaQhhU:aKCwKftKxY0"><img src="http://feeds.feedburner.com/~ff/seekingalpha?i=8JtAoMoPUBQ:jrAPsvaQhhU:aKCwKftKxY0" border="0"></img></a> </div> JOEZ JOEZ Xilinx, Inc. F1Q10 (Qtr End 06/27/09) Earnings Call Transcript http://seekingalpha.com/article/149088-xilinx-inc-f1q10-qtr-end-06-27-09-earnings-call-transcript?source=feed 149088 Xilinx, Inc. (XLNX)

Q1 2010 Earnings Call

July 15, 2009 5:00 pm ET

]]> Wed, 15 Jul 2009 21:45:43 -0400 <p>Xilinx, Inc. (<a href='http://seekingalpha.com/symbol/xlnx' title='More opinion and analysis of XLNX'>XLNX</a>)</p> <p>Q1 2010 Earnings Call</p> <p>July 15, 2009 5:00 pm ET</p><br/><a href='http://seekingalpha.com/article/149088-xilinx-inc-f1q10-qtr-end-06-27-09-earnings-call-transcript?source=feed'>Complete Story &raquo;</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=-cGGYakmA5Y:F_rpkQp5YPs:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=-cGGYakmA5Y:F_rpkQp5YPs:7Q72WNTAKBA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=7Q72WNTAKBA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=-cGGYakmA5Y:F_rpkQp5YPs:aKCwKftKxY0"><img src="http://feeds.feedburner.com/~ff/seekingalpha?i=-cGGYakmA5Y:F_rpkQp5YPs:aKCwKftKxY0" border="0"></img></a> </div> XLNX XLNX Small Businesses Call CIT's Bluff; Government Says "No" to Further Aid http://seekingalpha.com/article/149087-small-businesses-call-cit-s-bluff-government-says-no-to-further-aid?source=feed 149087 As I said in a recent article (Let CIT Fail; The Business Model is Broken), the government should stand clear and let the free markets work this CIT (CIT) situation out.

It looks like the government agrees with me. CIT just announced that their discussions with government agencies have ceased.

]]> Wed, 15 Jul 2009 21:01:23 -0400 Relative Leverage <p>As I said in a recent article (<a href="http://seekingalpha.com/article/148153-let-cit-fail-the-business-model-is-broken">Let CIT Fail; The Business Model is Broken</a>), the government should stand clear and let the free markets work this CIT (<a href='http://seekingalpha.com/symbol/cit' title='More opinion and analysis of CIT'>CIT</a>) situation out.</p><p>It looks like the government agrees with me. CIT just announced that their <a href="http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&amp;newsId=20090715006374&amp;newsLang=en">discussions with government agencies have ceased</a>.</p><br/><a href='http://seekingalpha.com/article/149087-small-businesses-call-cit-s-bluff-government-says-no-to-further-aid?source=feed'>Complete Story &raquo;</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=WxctXciIeBA:VLw7CXgAbY4:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=WxctXciIeBA:VLw7CXgAbY4:7Q72WNTAKBA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=7Q72WNTAKBA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=WxctXciIeBA:VLw7CXgAbY4:aKCwKftKxY0"><img src="http://feeds.feedburner.com/~ff/seekingalpha?i=WxctXciIeBA:VLw7CXgAbY4:aKCwKftKxY0" border="0"></img></a> </div> CIT Relative Leverage CIT Cintas F4Q09 (Qtr End 5/31/09) Earnings Call Transcript http://seekingalpha.com/article/149086-cintas-f4q09-qtr-end-5-31-09-earnings-call-transcript?source=feed 149086 Cintas Corporation (CTAS)

F4Q09 Earnings Call

July 15, 2009 5:00 pm ET

]]> Wed, 15 Jul 2009 21:01:20 -0400 <p>Cintas Corporation (<a href='http://seekingalpha.com/symbol/ctas' title='More opinion and analysis of CTAS'>CTAS</a>)</p> <p>F4Q09 Earnings Call</p> <p>July 15, 2009 5:00 pm ET</p><br/><a href='http://seekingalpha.com/article/149086-cintas-f4q09-qtr-end-5-31-09-earnings-call-transcript?source=feed'>Complete Story &raquo;</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=nTM1zWlFQs8:XsgyQQMu8L4:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=nTM1zWlFQs8:XsgyQQMu8L4:7Q72WNTAKBA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=7Q72WNTAKBA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=nTM1zWlFQs8:XsgyQQMu8L4:aKCwKftKxY0"><img src="http://feeds.feedburner.com/~ff/seekingalpha?i=nTM1zWlFQs8:XsgyQQMu8L4:aKCwKftKxY0" border="0"></img></a> </div> CTAS CTAS Landstar System, Inc. Q2 2009 Earnings Call Transcript http://seekingalpha.com/article/149081-landstar-system-inc-q2-2009-earnings-call-transcript?source=feed 149081 Landstar System, Inc. (LSTR)

Q2 2009 Earnings Call

July 15, 2009 5:00 pm ET

]]> Wed, 15 Jul 2009 20:38:21 -0400 <p>Landstar System, Inc. (<a href='http://seekingalpha.com/symbol/lstr' title='More opinion and analysis of LSTR'>LSTR</a>)</p> <p>Q2 2009 Earnings Call </p> <p>July 15, 2009 5:00 pm ET</p><br/><a href='http://seekingalpha.com/article/149081-landstar-system-inc-q2-2009-earnings-call-transcript?source=feed'>Complete Story &raquo;</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=UKg60_BamBE:_mIjHW9fM38:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=UKg60_BamBE:_mIjHW9fM38:7Q72WNTAKBA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=7Q72WNTAKBA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=UKg60_BamBE:_mIjHW9fM38:aKCwKftKxY0"><img src="http://feeds.feedburner.com/~ff/seekingalpha?i=UKg60_BamBE:_mIjHW9fM38:aKCwKftKxY0" border="0"></img></a> </div> LSTR LSTR Worthington Industries, Inc. F4Q09 (QTR End 05/31/09) Earnings Call Transcript http://seekingalpha.com/article/149080-worthington-industries-inc-f4q09-qtr-end-05-31-09-earnings-call-transcript?source=feed 149080 Worthington Industries, Inc. (WOR)

F4Q09 Earnings Call

July 15, 2009 1:30 pm ET

]]> Wed, 15 Jul 2009 20:14:23 -0400 <p>Worthington Industries, Inc. (<a href='http://seekingalpha.com/symbol/wor' title='More opinion and analysis of WOR'>WOR</a>)</p> <p>F4Q09 Earnings Call</p> <p>July 15, 2009 1:30 pm ET</p><br/><a href='http://seekingalpha.com/article/149080-worthington-industries-inc-f4q09-qtr-end-05-31-09-earnings-call-transcript?source=feed'>Complete Story &raquo;</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=JDPzOZ-ZoZU:fJhPG3Hli04:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=JDPzOZ-ZoZU:fJhPG3Hli04:7Q72WNTAKBA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=7Q72WNTAKBA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=JDPzOZ-ZoZU:fJhPG3Hli04:aKCwKftKxY0"><img src="http://feeds.feedburner.com/~ff/seekingalpha?i=JDPzOZ-ZoZU:fJhPG3Hli04:aKCwKftKxY0" border="0"></img></a> </div> WOR WOR AMR Corp. Q2 2009 Earnings Call Transcript http://seekingalpha.com/article/149079-amr-corp-q2-2009-earnings-call-transcript?source=feed 149079 AMR Corp. (AMR)

Q2 2009 Earnings Call

July 15, 2009 2:00 pm ET

]]> Wed, 15 Jul 2009 20:02:25 -0400 <p>AMR Corp. (<a href='http://seekingalpha.com/symbol/amr' title='More opinion and analysis of AMR'>AMR</a>)</p> <p>Q2 2009 Earnings Call</p> <p>July 15, 2009 2:00 pm ET</p><br/><a href='http://seekingalpha.com/article/149079-amr-corp-q2-2009-earnings-call-transcript?source=feed'>Complete Story &raquo;</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=PqrfZ2YW_-c:28rvI0MZWfM:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=PqrfZ2YW_-c:28rvI0MZWfM:7Q72WNTAKBA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=7Q72WNTAKBA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=PqrfZ2YW_-c:28rvI0MZWfM:aKCwKftKxY0"><img src="http://feeds.feedburner.com/~ff/seekingalpha?i=PqrfZ2YW_-c:28rvI0MZWfM:aKCwKftKxY0" border="0"></img></a> </div> AMR AMR Corus Entertainment Inc. F3Q09 (Qtr End 05/31/09) Earnings Call Transcript http://seekingalpha.com/article/149078-corus-entertainment-inc-f3q09-qtr-end-05-31-09-earnings-call-transcript?source=feed 149078 Corus Entertainment Inc. (CJR)

F3Q09 Earnings Call

July 15, 2009 2:00 pm ET

]]> Wed, 15 Jul 2009 17:49:26 -0400 <p>Corus Entertainment Inc. (<a href='http://seekingalpha.com/symbol/cjr' title='More opinion and analysis of CJR'>CJR</a>)</p> <p>F3Q09 Earnings Call</p> <p>July 15, 2009 2:00 pm ET</p><br/><a href='http://seekingalpha.com/article/149078-corus-entertainment-inc-f3q09-qtr-end-05-31-09-earnings-call-transcript?source=feed'>Complete Story &raquo;</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=X9OTeZL9IRY:7ou3qRVRNXg:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=X9OTeZL9IRY:7ou3qRVRNXg:7Q72WNTAKBA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=7Q72WNTAKBA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=X9OTeZL9IRY:7ou3qRVRNXg:aKCwKftKxY0"><img src="http://feeds.feedburner.com/~ff/seekingalpha?i=X9OTeZL9IRY:7ou3qRVRNXg:aKCwKftKxY0" border="0"></img></a> </div> CJR CJR Janus Capital Group Inc. Q2 2009 Earnings Call Transcript http://seekingalpha.com/article/149077-janus-capital-group-inc-q2-2009-earnings-call-transcript?source=feed 149077 Janus Capital Group Inc. (JNS)

Q2 2009 Earnings Call

July 14, 2009 5.30 pm ET

]]> Wed, 15 Jul 2009 17:01:19 -0400 <p>Janus Capital Group Inc. (<a href='http://seekingalpha.com/symbol/jns' title='More opinion and analysis of JNS'>JNS</a>)</p> <p>Q2 2009 Earnings Call</p> <p>July 14, 2009 5.30 pm ET</p><br/><a href='http://seekingalpha.com/article/149077-janus-capital-group-inc-q2-2009-earnings-call-transcript?source=feed'>Complete Story &raquo;</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=d7BjEj7BnLQ:iaie5LaHL5Q:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=d7BjEj7BnLQ:iaie5LaHL5Q:7Q72WNTAKBA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=7Q72WNTAKBA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=d7BjEj7BnLQ:iaie5LaHL5Q:aKCwKftKxY0"><img src="http://feeds.feedburner.com/~ff/seekingalpha?i=d7BjEj7BnLQ:iaie5LaHL5Q:aKCwKftKxY0" border="0"></img></a> </div> JNS JNS Microsoft and Apple to Become Neighbors http://seekingalpha.com/article/149076-microsoft-and-apple-to-become-neighbors?source=feed 149076 Microsoft (MSFT) COO Kevin Turner said at the company ’s Worldwide Partner Conference Wednesday that the company this fall plans to open the first of its planned retail stores - right next to existing Apple (AAPL) stores, ZDNet reports.

Microsoft announced plans for a chain of retail stores earlier this year, but so far has provided few details. The ZDNet post reports that the stores would be more showcases for Microsoft products than full retail outlets.

]]> Wed, 15 Jul 2009 16:55:52 -0400 Eric Savitz <img src='http://seekingalpha.com/wp-content/seekingalpha/images/esavitz70px.jpg' align="left" hspace="6" vspace="6" width="70" height="95" border='1' /><strong><a href="http://blogs.barrons.com/techtraderdaily/">Eric Savitz</a> (Barron's) submits: </strong><p><strong>Microsoft</strong> (<a href='http://seekingalpha.com/symbol/msft' title='More opinion and analysis of MSFT'>MSFT</a>) COO <strong>Kevin Turner</strong> said at the company &rsquo;s Worldwide Partner Conference Wednesday that the company this fall plans to open the first of its planned retail stores - right next to existing <strong>Apple</strong> (<a href='http://seekingalpha.com/symbol/aapl' title='More opinion and analysis of AAPL'>AAPL</a>) stores, <a href="http://blogs.zdnet.com/microsoft/?p=3358">ZDNet reports</a>.</p> <p>Microsoft announced plans for a chain of retail stores earlier this year, but so far has provided few details. The ZDNet post reports that the stores would be more showcases for Microsoft products than full retail outlets.</p><br/><a href='http://seekingalpha.com/article/149076-microsoft-and-apple-to-become-neighbors?source=feed'>Complete Story &raquo;</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=qSYXp4ZKph4:Z5LT4pdUeCU:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=qSYXp4ZKph4:Z5LT4pdUeCU:7Q72WNTAKBA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=7Q72WNTAKBA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=qSYXp4ZKph4:Z5LT4pdUeCU:aKCwKftKxY0"><img src="http://feeds.feedburner.com/~ff/seekingalpha?i=qSYXp4ZKph4:Z5LT4pdUeCU:aKCwKftKxY0" border="0"></img></a> </div> AAPL MSFT Eric Savitz MSFTAAPL The Twitter Hack: Don't Blame Google http://seekingalpha.com/article/149075-the-twitter-hack-don-t-blame-google?source=feed 149075 Have you been following this controversy surrounding some confidential documents swiped from Twitter and sent to the folks at TechCrunch? The site’s editors have been engaging in a discussion over ethics, specifically whether or not to post these “stolen” documents.

For what it’s worth, this is a discussion that mainstream news outlets have been having for generations. If I were part of those discussions, I’d skip anything in those documents that has no value - such as a document that does nothing more than embarrass someone. But I would definitely consider posting information about business strategies, revenue projections and so on - after confirming their authenticity.

]]> Wed, 15 Jul 2009 16:49:04 -0400 Sam Diaz <strong><a href='http://blogs.zdnet.com/BTL/'>Sam Diaz</a> submits: </strong> <p>Have you been following <a href="http://www.techmeme.com/090715/p10#a090715p10">this controversy</a> surrounding some confidential documents swiped from Twitter and <a href="http://www.techcrunch.com/2009/07/14/in-our-inbox-hundreds-of-confidential-twitter-documents/">sent to the folks at TechCrunch</a>? The site&rsquo;s editors have been engaging in a discussion over ethics, specifically whether or not to post these &ldquo;stolen&rdquo; documents.</p> <p>For what it&rsquo;s worth, this is a discussion that mainstream news outlets have been having for generations. If I were part of those discussions, I&rsquo;d skip anything in those documents that has no value - such as a document that does nothing more than embarrass someone. But I would definitely consider posting information about business strategies, revenue projections and so on - after confirming their authenticity.</p><br/><a href='http://seekingalpha.com/article/149075-the-twitter-hack-don-t-blame-google?source=feed'>Complete Story &raquo;</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=NNps3OTGFR4:Sp1Jj-eNZiM:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=NNps3OTGFR4:Sp1Jj-eNZiM:7Q72WNTAKBA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=7Q72WNTAKBA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=NNps3OTGFR4:Sp1Jj-eNZiM:aKCwKftKxY0"><img src="http://feeds.feedburner.com/~ff/seekingalpha?i=NNps3OTGFR4:Sp1Jj-eNZiM:aKCwKftKxY0" border="0"></img></a> </div> GOOG Sam Diaz Wednesday Options Update: EWZ, NOK, YUM, EXPE, CY, COF http://seekingalpha.com/article/149021-wednesday-options-update-ewz-nok-yum-expe-cy-cof?source=feed 149021 iShares MSCI Brazil Index Fund (EWZ) – The exchange-traded fund was boosted higher today as Brazilian stocks gained the most in nearly two months. EWZ has experienced a 5.5% rally in shares to $52.80. Option traders populating the fund were seen making bullish plays to take advantage of today’s upward momentum. The near-term July 53 strike price had approximately 9,200 calls purchased for an average premium of 53 cents per contract. Individuals positioned at the July 53 strike are hoping the price of the underlying stock rallies 73 cents higher to breach the breakeven point on the trade at $53.53. One option trader selected the August 52 strike price to initiate a bullish reversal. It appears that this individual shed 6,500 puts at that strike for 2.60 each in order to purchase 6,500 calls for an average premium of 3.10 per contract. The net cost of the reversal amounts to 50 cents and yields a breakeven share price of $52.50. Reducing the price of getting long the calls by selling put options has dramatically reduced the breakeven point to the upside. The investor has already started to profit on the rally as the current market value of the stock is approximately 30 cents higher than the breakeven point.

Nokia Corporation ADS (NOK) – The world’s biggest maker of mobile phones has rallied higher by more than 6% to stand at $15.63 ahead of earnings scheduled for release tomorrow. The broad-based gains experienced by the market today have bolstered bullish traders who were seen picking up calls and selling puts on Nokia in the October contract. Put options at the out-of-the-money October 14 strike price were sold 2,700 times for 66 cents each while 3,200 puts were surrendered at the October 15 strike for an average premium of 1.05 apiece. Perhaps these investors do not feel the need for downside protection on the stock. The traders may retain the premiums received for writing the puts if shares of NOK remain higher than the strike prices described previously. They may also utilize the option premium to offset the cost of purchasing the shares in the case that shares slip and the puts land in-the-money. Just in-the-money puts were sold 2,400 times at the October 16 strike price for a premium of 1.58 per contract. Again, the full premium is retained if the puts remain out-of-the-money by expiration. Otherwise, the investor would have shares put to him for an effective price per share of $14.42. Bullish sentiment on the call side was observed as traders picked up 3,000 calls at the October 16 strike for 1.00 each. Shares of Nokia must rally higher by approximately 9% to the breakeven point at $17.00 in order for call-buyers to begin to amass profits on today’s transaction.

]]> Wed, 15 Jul 2009 16:41:32 -0400 Andrew Wilkinson <p><strong>iShares MSCI Brazil Index Fund (<a href='http://seekingalpha.com/symbol/ewz' title='More opinion and analysis of EWZ'>EWZ</a>) &ndash; </strong>The exchange-traded fund was boosted higher today as Brazilian stocks gained the most in nearly two months. EWZ has experienced a 5.5% rally in shares to $52.80. Option traders populating the fund were seen making bullish plays to take advantage of today&rsquo;s upward momentum. The near-term July 53 strike price had approximately 9,200 calls purchased for an average premium of 53 cents per contract. Individuals positioned at the July 53 strike are hoping the price of the underlying stock rallies 73 cents higher to breach the breakeven point on the trade at $53.53. One option trader selected the August 52 strike price to initiate a bullish reversal. It appears that this individual shed 6,500 puts at that strike for 2.60 each in order to purchase 6,500 calls for an average premium of 3.10 per contract. The net cost of the reversal amounts to 50 cents and yields a breakeven share price of $52.50. Reducing the price of getting long the calls by selling put options has dramatically reduced the breakeven point to the upside. The investor has already started to profit on the rally as the current market value of the stock is approximately 30 cents higher than the breakeven point. </p> <p><strong>Nokia Corporation ADS (<a href='http://seekingalpha.com/symbol/nok' title='More opinion and analysis of NOK'>NOK</a>) &ndash; </strong>The world&rsquo;s biggest maker of mobile phones has rallied higher by more than 6% to stand at $15.63 ahead of earnings scheduled for release tomorrow. The broad-based gains experienced by the market today have bolstered bullish traders who were seen picking up calls and selling puts on Nokia in the October contract. Put options at the out-of-the-money October 14 strike price were sold 2,700 times for 66 cents each while 3,200 puts were surrendered at the October 15 strike for an average premium of 1.05 apiece. Perhaps these investors do not feel the need for downside protection on the stock. The traders may retain the premiums received for writing the puts if shares of NOK remain higher than the strike prices described previously. They may also utilize the option premium to offset the cost of purchasing the shares in the case that shares slip and the puts land in-the-money. Just in-the-money puts were sold 2,400 times at the October 16 strike price for a premium of 1.58 per contract. Again, the full premium is retained if the puts remain out-of-the-money by expiration. Otherwise, the investor would have shares put to him for an effective price per share of $14.42. Bullish sentiment on the call side was observed as traders picked up 3,000 calls at the October 16 strike for 1.00 each. Shares of Nokia must rally higher by approximately 9% to the breakeven point at $17.00 in order for call-buyers to begin to amass profits on today&rsquo;s transaction.</p><br/><a href='http://seekingalpha.com/article/149021-wednesday-options-update-ewz-nok-yum-expe-cy-cof?source=feed'>Complete Story &raquo;</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=afYL37BiCto:axRuQ7Gt1tE:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=afYL37BiCto:axRuQ7Gt1tE:7Q72WNTAKBA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=7Q72WNTAKBA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=afYL37BiCto:axRuQ7Gt1tE:aKCwKftKxY0"><img src="http://feeds.feedburner.com/~ff/seekingalpha?i=afYL37BiCto:axRuQ7Gt1tE:aKCwKftKxY0" border="0"></img></a> </div> COF CY EWZ EXPE NOK YUM Andrew Wilkinson EWZNOK Closing Update for Wednesday, July 15 http://seekingalpha.com/article/149073-closing-update-for-wednesday-july-15?source=feed 149073 4:17 PM, Jul 15, 2009 --

  • NYSE up 187.6 (3.2%) to 5,993.16.
  • DJIA up 256.8 (3%) to 8,616.
  • S&P 500 up 26.8 (3%) to 932.68.
  • Nasdaq up 63.17 (3.5%) to 1,863.


GLOBAL SENTIMENT

]]> Wed, 15 Jul 2009 16:34:04 -0400 MidnightTrader.com <strong><a href='http://blog.midnighttrader.com/'>Brooks McFeely</a> submits:</strong><p><em>4:17 PM, Jul 15, 2009 -- <br> </em></p><ul><li>NYSE up 187.6 (3.2%) to 5,993.16.</li><li>DJIA up 256.8 (3%) to 8,616.</li><li>S&amp;P 500 up 26.8 (3%) to 932.68.</li><li>Nasdaq up 63.17 (3.5%) to 1,863.</li></ul><p><br><strong>GLOBAL SENTIMENT </strong></p><br/><a href='http://seekingalpha.com/article/149073-closing-update-for-wednesday-july-15?source=feed'>Complete Story &raquo;</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=iUnOKze_kms:Qdmaxit5Sv4:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=iUnOKze_kms:Qdmaxit5Sv4:7Q72WNTAKBA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=7Q72WNTAKBA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=iUnOKze_kms:Qdmaxit5Sv4:aKCwKftKxY0"><img src="http://feeds.feedburner.com/~ff/seekingalpha?i=iUnOKze_kms:Qdmaxit5Sv4:aKCwKftKxY0" border="0"></img></a> </div> ABT ALU ASML BMS GCI GS INTC INTT JNPR LUFK LZ TRGT UBS YUM MidnightTrader.com Intel Q2: Analysts Divided on Economic Impact http://seekingalpha.com/article/149072-intel-q2-analysts-divided-on-economic-impact?source=feed 149072

As expected, the huge Q2 earnings and revenue surprise by Intel (INTC) last night has triggered a huge tech rally.

The question, though, is whether this trend will continue - and in particular, whether the U.S. consumer will be buying PCs in the upcoming back-to-school period.

]]> Wed, 15 Jul 2009 16:31:18 -0400 Eric Savitz <img src='http://seekingalpha.com/wp-content/seekingalpha/images/esavitz70px.jpg' align="left" hspace="6" vspace="6" width="70" height="95" border='1' /><strong><a href="http://blogs.barrons.com/techtraderdaily/">Eric Savitz</a> (Barron's) submits: </strong><div><p><a href="http://blogs.barrons.com/techtraderdaily/2009/07/14/coming-tomorrow-pc-related-tech-rally/">As expected</a>, the huge <a href="http://blogs.barrons.com/techtraderdaily/2009/07/14/intel-crushes-q2-ests-80b-revs-non-gaap-eps-18c/">Q2 earnings and revenue surprise</a> by <strong>Intel</strong> (<a href='http://seekingalpha.com/symbol/intc' title='More opinion and analysis of INTC'>INTC</a>) last night has triggered a huge tech rally.</p> <p>The question, though, is whether this trend will continue - and in particular, whether the U.S. consumer will be buying PCs in the upcoming back-to-school period.</p></div><br/><a href='http://seekingalpha.com/article/149072-intel-q2-analysts-divided-on-economic-impact?source=feed'>Complete Story &raquo;</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=DO6EIcpyUXg:MkwpfLMihe4:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=DO6EIcpyUXg:MkwpfLMihe4:7Q72WNTAKBA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=7Q72WNTAKBA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=DO6EIcpyUXg:MkwpfLMihe4:aKCwKftKxY0"><img src="http://feeds.feedburner.com/~ff/seekingalpha?i=DO6EIcpyUXg:MkwpfLMihe4:aKCwKftKxY0" border="0"></img></a> </div> INTC Eric Savitz INTC Adtran, Inc. Q2 2009 Earnings Call Transcript http://seekingalpha.com/article/149071-adtran-inc-q2-2009-earnings-call-transcript?source=feed 149071 Adtran, Inc. (ADTN)

Q2 2009 Earnings Call

July 15, 2009 10:30 am ET

]]> Wed, 15 Jul 2009 16:22:31 -0400 <p>Adtran, Inc. (<a href='http://seekingalpha.com/symbol/adtn' title='More opinion and analysis of ADTN'>ADTN</a>)</p> <p>Q2 2009 Earnings Call</p> <p>July 15, 2009 10:30 am ET</p><br/><a href='http://seekingalpha.com/article/149071-adtran-inc-q2-2009-earnings-call-transcript?source=feed'>Complete Story &raquo;</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=tOON4Bgvp_k:OrfdWXsFJvQ:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=tOON4Bgvp_k:OrfdWXsFJvQ:7Q72WNTAKBA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=7Q72WNTAKBA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=tOON4Bgvp_k:OrfdWXsFJvQ:aKCwKftKxY0"><img src="http://feeds.feedburner.com/~ff/seekingalpha?i=tOON4Bgvp_k:OrfdWXsFJvQ:aKCwKftKxY0" border="0"></img></a> </div> ADTN ADTN Lufkin Industries, Inc. Q2 2009 Earnings Call Transcript http://seekingalpha.com/article/149070-lufkin-industries-inc-q2-2009-earnings-call-transcript?source=feed 149070 Lufkin Industries, Inc. (LUFK)

Q2 2009 Earnings Call

July 15, 2009 10:00 am ET

]]> Wed, 15 Jul 2009 16:22:29 -0400 <p>Lufkin Industries, Inc. (<a href='http://seekingalpha.com/symbol/lufk' title='More opinion and analysis of LUFK'>LUFK</a>)</p> <p>Q2 2009 Earnings Call</p> <p>July 15, 2009 10:00 am ET</p><br/><a href='http://seekingalpha.com/article/149070-lufkin-industries-inc-q2-2009-earnings-call-transcript?source=feed'>Complete Story &raquo;</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=e6X2_AVcM9Y:FploPVXGfIE:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=e6X2_AVcM9Y:FploPVXGfIE:7Q72WNTAKBA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=7Q72WNTAKBA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=e6X2_AVcM9Y:FploPVXGfIE:aKCwKftKxY0"><img src="http://feeds.feedburner.com/~ff/seekingalpha?i=e6X2_AVcM9Y:FploPVXGfIE:aKCwKftKxY0" border="0"></img></a> </div> LUFK LUFK ASML Holding N.V. Q2 2009 Earnings Call Transcript http://seekingalpha.com/article/149069-asml-holding-n-v-q2-2009-earnings-call-transcript?source=feed 149069 ASML Holding N.V. (ASML)

Q2 2009 Earnings Call

July 15, 2009; 10:00 am ET

]]> Wed, 15 Jul 2009 16:21:33 -0400 <p>ASML Holding N.V. (<a href='http://seekingalpha.com/symbol/asml' title='More opinion and analysis of ASML'>ASML</a>)</p> <p>Q2 2009 Earnings Call</p> <p>July 15, 2009; 10:00 am ET</p><br/><a href='http://seekingalpha.com/article/149069-asml-holding-n-v-q2-2009-earnings-call-transcript?source=feed'>Complete Story &raquo;</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=GMjZ34mhxik:To6l8jkGmuk:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=GMjZ34mhxik:To6l8jkGmuk:7Q72WNTAKBA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=7Q72WNTAKBA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=GMjZ34mhxik:To6l8jkGmuk:aKCwKftKxY0"><img src="http://feeds.feedburner.com/~ff/seekingalpha?i=GMjZ34mhxik:To6l8jkGmuk:aKCwKftKxY0" border="0"></img></a> </div> ASML ASML Acergy S.A. F2Q09 (Qtr End 05/31/09) Earnings Call Transcript http://seekingalpha.com/article/149068-acergy-s-a-f2q09-qtr-end-05-31-09-earnings-call-transcript?source=feed 149068 Acergy S.A. (ACGY)

F2Q09 Earnings Call

July 15, 2009 10:00 am ET

]]> Wed, 15 Jul 2009 16:21:31 -0400 <p>Acergy S.A. (<a href='http://seekingalpha.com/symbol/acgy' title='More opinion and analysis of ACGY'>ACGY</a>)</p> <p>F2Q09 Earnings Call </p> <p>July 15, 2009 10:00 am ET</p><br/><a href='http://seekingalpha.com/article/149068-acergy-s-a-f2q09-qtr-end-05-31-09-earnings-call-transcript?source=feed'>Complete Story &raquo;</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=hQ72RY4kzFs:LJsAhr2Owpk:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=hQ72RY4kzFs:LJsAhr2Owpk:7Q72WNTAKBA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=7Q72WNTAKBA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=hQ72RY4kzFs:LJsAhr2Owpk:aKCwKftKxY0"><img src="http://feeds.feedburner.com/~ff/seekingalpha?i=hQ72RY4kzFs:LJsAhr2Owpk:aKCwKftKxY0" border="0"></img></a> </div> ACGY ACGY Bond Expert: Wednesday Wrap http://seekingalpha.com/article/149063-bond-expert-wednesday-wrap?source=feed 149063 Prices of treasury coupon securities plummeted today and the yield curve steepened significantly as a reborn appetite for risk dulled demand for risk-free Treasury assets. The increased appetite for risk is exemplified by the surging equity market as well as the resumption of spread tightening for investment grade corporate bonds.

Economic data released today played into this same theme as the Empire Survey moved higher and Industrial Production fell less than anticipated.

]]> Wed, 15 Jul 2009 16:20:54 -0400 John Jansen <strong><a href="http://acrossthecurve.com/">John Jansen</a> submits: </strong><p>Prices of treasury coupon securities plummeted today and the yield curve steepened significantly as a reborn appetite for risk dulled demand for risk-free Treasury assets. The increased appetite for risk is exemplified by the surging equity market as well as the resumption of spread tightening for investment grade corporate bonds.</p> <p>Economic data released today played into this same theme as the Empire Survey moved higher and Industrial Production fell less than anticipated.</p><br/><a href='http://seekingalpha.com/article/149063-bond-expert-wednesday-wrap?source=feed'>Complete Story &raquo;</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=W_JUctjpQoI:Rzgn4-EXu7k:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=W_JUctjpQoI:Rzgn4-EXu7k:7Q72WNTAKBA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=7Q72WNTAKBA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=W_JUctjpQoI:Rzgn4-EXu7k:aKCwKftKxY0"><img src="http://feeds.feedburner.com/~ff/seekingalpha?i=W_JUctjpQoI:Rzgn4-EXu7k:aKCwKftKxY0" border="0"></img></a> </div> BAC SPLS John Jansen Abbott Laboratories, Q2 2009 Earnings Call Transcript http://seekingalpha.com/article/149067-abbott-laboratories-q2-2009-earnings-call-transcript?source=feed 149067 Abbott Laboratories (ABT)

Q2 2009 Earnings Call

July 15, 2009 9:00 am ET

]]> Wed, 15 Jul 2009 16:20:51 -0400 <p>Abbott Laboratories (<a href='http://seekingalpha.com/symbol/abt' title='More opinion and analysis of ABT'>ABT</a>)</p> <p>Q2 2009 Earnings Call</p> <p>July 15, 2009 9:00 am ET</p><br/><a href='http://seekingalpha.com/article/149067-abbott-laboratories-q2-2009-earnings-call-transcript?source=feed'>Complete Story &raquo;</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=xp1k2yn8K_4:xXnCSm6zvIc:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=xp1k2yn8K_4:xXnCSm6zvIc:7Q72WNTAKBA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=7Q72WNTAKBA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=xp1k2yn8K_4:xXnCSm6zvIc:aKCwKftKxY0"><img src="http://feeds.feedburner.com/~ff/seekingalpha?i=xp1k2yn8K_4:xXnCSm6zvIc:aKCwKftKxY0" border="0"></img></a> </div> ABT ABT Unwise to Tax the Rich to Pay for Healthcare http://seekingalpha.com/article/149025-unwise-to-tax-the-rich-to-pay-for-healthcare?source=feed 149025 Democratic leaders were very pleased to see the latest Congressional Budget Office scoring of the House of Representatives health insurances reform package. After running the numbers, the CBO determined that the measure would cost $1 trillion over ten years and would result in nearly all Americans being covered. A pretty good deal, most agreed.

And yet, coming up with $1 trillion in new revenue is still a challenge, but it's one legislators seem to have met. After considering a number of potential revenue raising measures—from a Value-Added Tax to new levies on unhealthy food and beverage items—lawmakers turned to the most reliable source of funds: the rich.

]]> Wed, 15 Jul 2009 16:14:04 -0400 Ryan Avent <strong><a href='http://ryanavent.com'>Ryan Avent</a> submits: </strong><p>Democratic leaders were very pleased to see the latest Congressional Budget Office scoring of the House of Representatives health insurances reform package. After running the numbers, the CBO determined that the measure would cost $1 trillion over ten years and would result in nearly all Americans being covered. A pretty good deal, most agreed.</p><p>And yet, coming up with $1 trillion in new revenue is still a challenge, but it's one legislators seem to have met. After considering a number of potential revenue raising measures&mdash;from a Value-Added Tax to new levies on unhealthy food and beverage items&mdash;lawmakers turned to the most reliable source of funds: the rich.</p><br/><a href='http://seekingalpha.com/article/149025-unwise-to-tax-the-rich-to-pay-for-healthcare?source=feed'>Complete Story &raquo;</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=avn1FoYNb8I:0hWesrmQ4CQ:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=avn1FoYNb8I:0hWesrmQ4CQ:7Q72WNTAKBA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=7Q72WNTAKBA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=avn1FoYNb8I:0hWesrmQ4CQ:aKCwKftKxY0"><img src="http://feeds.feedburner.com/~ff/seekingalpha?i=avn1FoYNb8I:0hWesrmQ4CQ:aKCwKftKxY0" border="0"></img></a> </div> Ryan Avent AIG's Cassano: The Man Who Crashed the World? http://seekingalpha.com/article/149066-aig-s-cassano-the-man-who-crashed-the-world?source=feed 149066 By James Kwak

Back in November, Michael Lewis wrote a great story in Portfolio on the financial crisis, focusing on the traders who saw that the housing bubble was going to crash, bringing mortgage-backed securities down with it – and made lots of money betting on it. Now Lewis is back with his article in Vanity Fair on AIG Financial Products (FP) and its last head, Joseph Cassano. This time, though, it feels like it’s missing the usual Lewis magic.

]]> Wed, 15 Jul 2009 16:12:56 -0400 The Baseline Scenario <strong><a href='http://baselinescenario.com/'>The Baseline Scenario</a> submits: </strong><p><em>By James Kwak</em></p><p>Back in November, Michael Lewis wrote a <a href="http://www.portfolio.com/news-markets/national-news/portfolio/2008/11/11/The-End-of-Wall-Streets-Boom?tid=true">great story in Portfolio</a> on the financial crisis, focusing on the traders who saw that the housing bubble was going to crash, bringing mortgage-backed securities down with it &ndash; and made lots of money betting on it. Now Lewis is back with his <a href="http://www.vanityfair.com/politics/features/2009/08/aig200908">article in Vanity Fair</a> on AIG Financial Products &#40;FP&#41; and its last head, Joseph Cassano. This time, though, it feels like it&rsquo;s missing the usual Lewis magic.</p><br/><a href='http://seekingalpha.com/article/149066-aig-s-cassano-the-man-who-crashed-the-world?source=feed'>Complete Story &raquo;</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=Rem1G9RIbq4:tgNOdfHayV8:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=Rem1G9RIbq4:tgNOdfHayV8:7Q72WNTAKBA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=7Q72WNTAKBA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=Rem1G9RIbq4:tgNOdfHayV8:aKCwKftKxY0"><img src="http://feeds.feedburner.com/~ff/seekingalpha?i=Rem1G9RIbq4:tgNOdfHayV8:aKCwKftKxY0" border="0"></img></a> </div> AIG The Baseline Scenario FP Profitable Gannett Still Priced for Bankruptcy http://seekingalpha.com/article/149065-profitable-gannett-still-priced-for-bankruptcy?source=feed 149065

The publisher of USA Today and many other publications reported second quarter results this morning that easily topped estimate. Gannett Co. (GCI) was expected to post earnings per share of $.36, but the actual results came in 10 cents ahead of those projections. Gannett has not beaten estimates by this wide margin in quite some time. Revenue was slightly lower than expected; sales slumped to $1.41 billion or a decline of 18% from a year ago. In addition, the company also revised an earlier write-down upward, and this combined with the earnings beat propelled the stock higher by nearly 30%. Make no mistake, the problems in the newspaper industry are real and quite serious. However, for Gannett much of the possible bad news has already been priced in, as GCI came into the day trading for less than 3x expected earnings for this fiscal year.

Gannett was sent reeling in the current economy as demand for advertising has fallen significantly - in the last period ad revenue declined 32% from a year ago. Furthermore, subscriptions revenue has declined as many consumers are now turning for free information via the internet. Magazines have been shutting down and being sold, most recently with McGraw-Hill (MHP) putting Business Week on the selling block. There is no doubt that these are troubling days for print media, and these companies were unprepared for the challenges of the internet age. However, if you believe that – either through micro-payments or a general rebound in the economy – print media will survive, then Gannett is priced very attractively. There is a lot of uncertainty about the future of a company like Gannett, which is the reason that the earnings multiple has contracted so severely. Even when compared to other newspaper companies that have remained profitable through the downturn (and they are dwindling), Gannett’s P/E multiple of under 4x compares favorably to Pearson (PSO) trading at a multiple of 10x and The Washington Post (WPO) which trades at a multiple of over 30x. GCI

]]> Wed, 15 Jul 2009 16:08:31 -0400 Ockham Research <strong><a href="http://www.ockhamresearch.com/">Ockham Research</a> submits: </strong><div><div><div><div><p>The publisher of USA Today and many other publications reported second quarter results this morning that easily topped estimate. Gannett Co. (<a href='http://seekingalpha.com/symbol/gci' title='More opinion and analysis of GCI'>GCI</a>) was expected to post earnings per share of $.36, but the actual results came in 10 cents ahead of those projections. Gannett has not beaten estimates by this wide margin in quite some time. Revenue was slightly lower than expected; sales slumped to $1.41 billion or a decline of 18% from a year ago. In addition, the company also revised an earlier write-down upward, and this combined with the earnings beat propelled the stock higher by nearly 30%. Make no mistake, the problems in the newspaper industry are real and quite serious. However, for Gannett much of the possible bad news has already been priced in, as GCI came into the day trading for less than 3x expected earnings for this fiscal year.</p> <p>Gannett was sent reeling in the current economy as demand for advertising has fallen significantly - in the last period ad revenue declined 32% from a year ago. Furthermore, subscriptions revenue has declined as many consumers are now turning for free information via the internet. Magazines have been shutting down and being sold, most recently with McGraw-Hill (<a href='http://seekingalpha.com/symbol/mhp' title='More opinion and analysis of MHP'>MHP</a>) putting Business Week on the selling block. There is no doubt that these are troubling days for print media, and these companies were unprepared for the challenges of the internet age. However, if you believe that &ndash; either through micro-payments or a general rebound in the economy &ndash; print media will survive, then Gannett is priced very attractively. There is a lot of uncertainty about the future of a company like Gannett, which is the reason that the earnings multiple has contracted so severely. Even when compared to other newspaper companies that have remained profitable through the downturn (and they are dwindling), Gannett&rsquo;s P/E multiple of under 4x compares favorably to Pearson (<a href='http://seekingalpha.com/symbol/pso' title='More opinion and analysis of PSO'>PSO</a>) trading at a multiple of 10x and The Washington Post (<a href='http://seekingalpha.com/symbol/wpo' title='More opinion and analysis of WPO'>WPO</a>) which trades at a multiple of over 30x. <a href="http://www.ockhamresearch.com/Services/Media/Publishing-Newspapers/GCI"><img src="http://static.seekingalpha.com/uploads/2009/7/15/saupload_gci.jpg" align="right" style="margin: 5px;" alt="GCI" /></a></p></div></div></div></div><br/><a href='http://seekingalpha.com/article/149065-profitable-gannett-still-priced-for-bankruptcy?source=feed'>Complete Story &raquo;</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=dMWLRHyaZHA:9PrAlxjbq-U:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=dMWLRHyaZHA:9PrAlxjbq-U:7Q72WNTAKBA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=7Q72WNTAKBA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=dMWLRHyaZHA:9PrAlxjbq-U:aKCwKftKxY0"><img src="http://feeds.feedburner.com/~ff/seekingalpha?i=dMWLRHyaZHA:9PrAlxjbq-U:aKCwKftKxY0" border="0"></img></a> </div> GCI PSO WPO Ockham Research MHPGCIPSOWPO Bing Is Big, Circuit City Is Back http://seekingalpha.com/article/149064-bing-is-big-circuit-city-is-back?source=feed 149064 June is Big for Bing

Traffic to Bing.com continues to skyrocket. The site garnered 50 million unique visitors (UVs) in June, its first full month live. As a result, more and more people are gaining interest and taking the time to learn more about what Bing has to offer - Microsoft’s Bing info site, discoverbing.com, and club site, clubbing.com, received 1.3 million UVs and 759,000 UVs respectively.

]]> Wed, 15 Jul 2009 16:07:09 -0400 Compete <strong><a href="http://compete.com">Compete</a> submits: </strong><p><strong>June is Big for Bing</strong></p> <p>Traffic to <a href="http://www.bing.com/">Bing.com</a> continues to <a href="http://blog.compete.com/2009/07/13/search-market-share-june-bing-google-ask-yahoo-aol/">skyrocket</a>. The site garnered 50 million unique visitors (UVs) in June, its first full month live. As a result, more and more people are gaining interest and taking the time to learn more about what Bing has to offer - Microsoft&rsquo;s Bing info site, <a href="http://discoverbing.com/">discoverbing.com</a>, and club site, <a href="http://www.clubbing.com/Pages/Home/HomePage.aspx">clubbing.com</a>, received 1.3 million UVs and 759,000 UVs respectively.</p><br/><a href='http://seekingalpha.com/article/149064-bing-is-big-circuit-city-is-back?source=feed'>Complete Story &raquo;</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=Va9C1-LGgAQ:cj2UEKiD4DI:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=Va9C1-LGgAQ:cj2UEKiD4DI:7Q72WNTAKBA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=7Q72WNTAKBA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=Va9C1-LGgAQ:cj2UEKiD4DI:aKCwKftKxY0"><img src="http://feeds.feedburner.com/~ff/seekingalpha?i=Va9C1-LGgAQ:cj2UEKiD4DI:aKCwKftKxY0" border="0"></img></a> </div> MSFT SYX Compete Gannett Q2 2009 Earnings Call Transcript http://seekingalpha.com/article/149062-gannett-q2-2009-earnings-call-transcript?source=feed 149062 Gannett Co., Inc. (GCI)

Q2 2009 Earnings Call

July 15, 2009 10:00 am ET

]]> Wed, 15 Jul 2009 16:01:10 -0400 <p>Gannett Co., Inc. (<a href='http://seekingalpha.com/symbol/gci' title='More opinion and analysis of GCI'>GCI</a>)</p> <p>Q2 2009 Earnings Call</p> <p>July 15, 2009 10:00 am ET</p><br/><a href='http://seekingalpha.com/article/149062-gannett-q2-2009-earnings-call-transcript?source=feed'>Complete Story &raquo;</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=s-M8VT5IDdM:6DulGdmngxM:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=s-M8VT5IDdM:6DulGdmngxM:7Q72WNTAKBA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=7Q72WNTAKBA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=s-M8VT5IDdM:6DulGdmngxM:aKCwKftKxY0"><img src="http://feeds.feedburner.com/~ff/seekingalpha?i=s-M8VT5IDdM:6DulGdmngxM:aKCwKftKxY0" border="0"></img></a> </div> GCI GCI The Deflation-Inflation Seesaw http://seekingalpha.com/article/149061-the-deflation-inflation-seesaw?source=feed 149061 If deflation's still a threat, it wasn't obvious in Wednesday's update of consumer prices for June.

The CPI jumped 0.7% last month, the government reports. That's the highest since July 2008, which also posted a 0.7% rise.

]]> Wed, 15 Jul 2009 15:57:44 -0400 James Picerno <strong><a href="http://www.capitalspectator.com/">James Picerno</a> submits: </strong><p>If deflation's still a threat, it wasn't obvious in Wednesday's update of consumer prices for June.</p> <p>The CPI jumped 0.7% last month, the government <a href="http://stats.bls.gov/news.release/cpi.nr0.htm">reports.</a> That's the highest since July 2008, which also posted a 0.7% rise.</p><br/><a href='http://seekingalpha.com/article/149061-the-deflation-inflation-seesaw?source=feed'>Complete Story &raquo;</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=XC4xO5DAFeE:0cHBzmy4kRE:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=XC4xO5DAFeE:0cHBzmy4kRE:7Q72WNTAKBA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=7Q72WNTAKBA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=XC4xO5DAFeE:0cHBzmy4kRE:aKCwKftKxY0"><img src="http://feeds.feedburner.com/~ff/seekingalpha?i=XC4xO5DAFeE:0cHBzmy4kRE:aKCwKftKxY0" border="0"></img></a> </div> James Picerno Today in Commodities: Dollar Doom? http://seekingalpha.com/article/149060-today-in-commodities-dollar-doom?source=feed 149060 The US dollar was lower by 90 ticks today trading to its lowest level since 6/3. The story remains the dollar and yen move one way the other crosses move the opposite direction. We still like being long the Loonie. We may have reversed direction and may see higher ground in int’l currencies if dollar breaks below 79.00 in September. Short squeeze in stocks may have legs, be very careful! Treasuries collapsed, read the weekly commentary from Monday that forecasted this. Short Euro-dollars, either via put or short futures. This trade could be monumental.

Crude is higher by almost 4% today, it appears the trend is now up. $50-60.50 is the buy zone in August, expect a trade up to the 50 day at $65.40 soon. Natural gas got hit by 4% today. For all you naysayers, this is not a day trade; we are building long positions for clients expecting to see 60 cents to $1 appreciation in the next 2 months. Talk to me in late September and then say we’re wrong.

]]> Wed, 15 Jul 2009 15:56:29 -0400 Matthew Bradbard <strong><a href='http://www.mbwealth.com/'>Matthew Bradbard</a> submits:</strong> <p>The US <strong>dollar </strong>was lower by 90 ticks today trading to its lowest level since 6/3. The story remains the dollar and yen move one way the other crosses move the opposite direction. We still like being long the <strong>Loonie</strong>. We may have reversed direction and may see higher ground in int&rsquo;l currencies if dollar breaks below 79.00 in September. Short squeeze in stocks may have legs, be very careful! Treasuries collapsed, read the weekly commentary from Monday that forecasted this. Short <strong>Euro-dollars</strong>, either via put or short futures. This trade could be monumental.</p><p><strong>Crude</strong> is higher by almost 4% today, it appears the trend is now up. $50-60.50 is the buy zone in August, expect a trade up to the 50 day at $65.40 soon. <strong>Natural gas</strong> got hit by 4% today. For all you naysayers, this is not a day trade; we are building long positions for clients expecting to see 60 cents to $1 appreciation in the next 2 months. Talk to me in late September and then say we&rsquo;re wrong.</p><br/><a href='http://seekingalpha.com/article/149060-today-in-commodities-dollar-doom?source=feed'>Complete Story &raquo;</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=S3xphTL6PVI:mznF6wAKuvQ:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=S3xphTL6PVI:mznF6wAKuvQ:7Q72WNTAKBA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=7Q72WNTAKBA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=S3xphTL6PVI:mznF6wAKuvQ:aKCwKftKxY0"><img src="http://feeds.feedburner.com/~ff/seekingalpha?i=S3xphTL6PVI:mznF6wAKuvQ:aKCwKftKxY0" border="0"></img></a> </div> ERO FXC GAZ GLD OIL SLV UDN UUP Matthew Bradbard China Awash in Liquidity http://seekingalpha.com/article/149059-china-awash-in-liquidity?source=feed 149059 Monetary policy only works if banks lend, and a surefire way to make that happen is to make banking heads part of the body politic as is done in China. Loan growth continues at a rapid-fire pace, suggesting that U.S. domestic demand matters little to the growth trajectory of China’s economy in the near term.

Authorities said “lend!” and bankers said “how much?” and then blew through those figures. Bank lending in China doubled in the first half of the year over the same period in 2008.

]]> Wed, 15 Jul 2009 15:48:12 -0400 FP Trading Desk <a href="http://communities.canada.com/nationalpost/blogs/tradingdesk/default.aspx"><img src='http://seekingalpha.com/wp-content/seekingalpha/images/FPtradingdesklogo.jpg' title='FP Trading Desk' alt='FP Trading Desk' width="138" height="33" align="left" hspace="6" vspace="6" border='0' /></a><strong><a href="http://communities.canada.com/nationalpost/blogs/tradingdesk/default.aspx">FP Trading Desk</a> submits: </strong><p>Monetary policy only works if banks lend, and a surefire way to make that happen is to make banking heads part of the body politic as is done in China. Loan growth continues at a rapid-fire pace, suggesting that U.S. domestic demand matters little to the growth trajectory of China&rsquo;s economy in the near term.</p><p>Authorities said &ldquo;lend!&rdquo; and bankers said &ldquo;how much?&rdquo; and then blew through those figures. Bank lending in China doubled in the first half of the year over the same period in 2008.</p><br/><a href='http://seekingalpha.com/article/149059-china-awash-in-liquidity?source=feed'>Complete Story &raquo;</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=VZ3EsP34UUY:qfgfPf3gMpM:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=VZ3EsP34UUY:qfgfPf3gMpM:7Q72WNTAKBA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=7Q72WNTAKBA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=VZ3EsP34UUY:qfgfPf3gMpM:aKCwKftKxY0"><img src="http://feeds.feedburner.com/~ff/seekingalpha?i=VZ3EsP34UUY:qfgfPf3gMpM:aKCwKftKxY0" border="0"></img></a> </div> FXI PGJ FP Trading Desk The Twitterhack Is Cloud Computing's Wake-Up Call: Time for Security That Works http://seekingalpha.com/article/149058-the-twitterhack-is-cloud-computing-s-wake-up-call-time-for-security-that-works?source=feed 149058

stealingOne downside of being the world’s most talked-about start-up: You become an irresistible target for hackers.

]]> Wed, 15 Jul 2009 15:47:23 -0400 Peter Kafka <strong><a href="http://www.internetoutsider.com/">Peter Kafka</a> submits: </strong><p><span></p><div><div><div><div><p><a href="http://static.seekingalpha.com/uploads/2009/7/15/saupload_stealing.jpg"><img src="http://static.seekingalpha.com/uploads/2009/7/15/saupload_stealing_199x300.jpg" align="right" alt="stealing" hspace="6" vspace="6" /></a>One downside of being the world&rsquo;s most talked-about start-up: You become an irresistible target for hackers.</p></div></div></div></div></span><br/><a href='http://seekingalpha.com/article/149058-the-twitterhack-is-cloud-computing-s-wake-up-call-time-for-security-that-works?source=feed'>Complete Story &raquo;</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=LH3pi4IxmTo:dQD4pxELKeI:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=LH3pi4IxmTo:dQD4pxELKeI:7Q72WNTAKBA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=7Q72WNTAKBA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=LH3pi4IxmTo:dQD4pxELKeI:aKCwKftKxY0"><img src="http://feeds.feedburner.com/~ff/seekingalpha?i=LH3pi4IxmTo:dQD4pxELKeI:aKCwKftKxY0" border="0"></img></a> </div> AMZN GOOG MSFT Peter Kafka Leveraged ETFs - Why the ICI Is Defending Them http://seekingalpha.com/article/149057-leveraged-etfs-why-the-ici-is-defending-them?source=feed 149057 Leveraged ETFsThe Investment Company Institute has stepped forward to defend leveraged and inverse exchange traded funds (ETFs) after they have been put under the microscope by regulators.

The ICI responded to the Financial Regulatory Authority (FINRA) after the agency warned about the products. Joe Morris of Ignites reports that the ICI’s letter to FINRA, two weeks after the regulator posted its notice, asked the agency to withdraw its warning on the premise that it appears to rob member brokers’ discretion in deciding whether the products are indeed suitable for a given investor.

]]> Wed, 15 Jul 2009 15:45:53 -0400 Tom Lydon <img src='http://seekingalpha.com/wp-content/seekingalpha/images/tlydon75px.jpg' title='tom lydon' alt='tom lydon' width="70" align="left" hspace="6" vspace="6" border='1' /><strong>Tom Lydon <a href="http://www.ETFtrends.com">(ETF Trends)</a> submits: </strong><p><a href="http://static.seekingalpha.com/uploads/2009/7/15/saupload_defend_yourself_against_penetration_attempts_readerszone.jpg"><img src="http://static.seekingalpha.com/uploads/2009/7/15/saupload_defend_yourself_against_penetration_attempts_readerszone.jpg" align="right" class="size-full wp-image-13836" style="padding: 5px;" alt="Leveraged ETFs" width="90" height="73" /></a>The Investment Company Institute has stepped forward to defend leveraged and inverse exchange traded funds (ETFs) after they have been put under the microscope by regulators. <span></p> <p>The ICI responded to the Financial Regulatory Authority &#40;FINRA&#41; after the agency <a href="http://www.finra.org/Industry/Regulation/Notices/2009/P118953">warned</a> about the products. <a href="http://www.ignites.com/articles/20090714/rises_defense_leveraged_etfs">Joe Morris of Ignites reports that</a> the ICI&rsquo;s letter to FINRA, two weeks after the <a href="http://www.etftrends.com/2009/06/finra-gets-short-with-leveraged-etfs.html">regulator posted its notice</a>, asked the agency to withdraw its warning on <a href="http://www.etftrends.com/2009/05/why-you-cant-blame-leveraged-etfs.html">the premise that it appears to rob member brokers&rsquo; discretion</a> in deciding whether the products are indeed suitable for a given investor.</p></span><br/><a href='http://seekingalpha.com/article/149057-leveraged-etfs-why-the-ici-is-defending-them?source=feed'>Complete Story &raquo;</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=-3ilGCqZUE8:9iRYq5tFSpM:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=-3ilGCqZUE8:9iRYq5tFSpM:7Q72WNTAKBA"><img src="http://feeds.feedburner.com/~ff/seekingalpha?d=7Q72WNTAKBA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/seekingalpha?a=-3ilGCqZUE8:9iRYq5tFSpM:aKCwKftKxY0"><img src="http://feeds.feedburner.com/~ff/seekingalpha?i=-3ilGCqZUE8:9iRYq5tFSpM:aKCwKftKxY0" border="0"></img></a> </div> Tom Lydon FINRA