24/7 Wall St.

The States With the Most Homes in Foreclosure

Mike Sauter — Thu, 09 Feb 2012 23:33:30 +0000

Five major U.S. banks accused of foreclosure abuses have agreed to a $26 billion settlement with the government, the largest payout from banks arising from the financial crisis. The amount, which will include aid from banks in the form of loan forgiveness and refinancing, is intended to help homeowners avoid mortgage default and foreclosure. Most [...]

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CME Lowers Energy & Metals Margin Trading Requirements (CME, GLD, USO, SLV, JJC)

Administrator — Thu, 09 Feb 2012 22:37:13 +0000

CME Group Inc. (NYSE: CME) is going to make it cheaper for traders to trade energy and metals futures, something which could make it easier and cheaper for traders, speculators, and investors to push prices higher. So goes the theory at any rate. The exchange will set the lower rates as of Monday, February 13, 2012. [...]

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LinkedIn 2012 Outlook: EBITDA vs. EPS (LNKD)

Administrator — Thu, 09 Feb 2012 21:21:07 +0000

LinkedIn Corporation (NYSE: LNKD) is out with its year-end and fourth quarter earnings report. The company earned $6.9 million or $0.12 per share on non-GAAP on sales of $167.7 million. Thomson Reuters had non-GAAP estimates of $0.07 EPS and $159.72 million in sales. Hiring solutions sales were up 136% to $84.9 million, marketing solutions rose [...]

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24/7 Wall St. Closing Bell (AONE, EXPE, RIMM, AMGN, MMM, AAPL, CSCO, AMSC, BG, DNKN, LO, PEP, PM, SIRI, TDC, IPSU, TSL, DMND, GRPN, TLEO, CZR)

Paul Ausick — Thu, 09 Feb 2012 21:07:40 +0000

The three major US stock indexes opened a bit higher this morning, and after some volatility have managed to get to the final half hour of trading with a modest gain. Some news is leaking out about the Greek debt swap deal being done, but what’s being reported is not likely to be welcomed in [...]

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More Short Covering Exaggerates Solar Rallies (TAN, FSLR, SPWR, ENER, TSL, WFR)

Administrator — Thu, 09 Feb 2012 20:10:07 +0000

Solar stocks are on fire. Still, they are so far down from a year ago that celebrating the move it difficult to do. To show just how powerful this move up and down and up has been, look no further than the solar ETF via the Guggenheim Solar ETF (NYSE: TAN). This ETS is up 10% [...]

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The Case For and Against SIRIUS XM… Value Versus Pandora? (SIRI, P)

Administrator — Thu, 09 Feb 2012 17:40:31 +0000

SIRIUS XM Radio Inc. (NASDAQ: SIRI) is always a gamble around earnings because of its massive share count and low price making each penny in earnings per share seem more difficult. The biggest question ahead is just how many subscribers it can add year after year and how it will hold up as Pandora Media, [...]

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Mid-day Movers (IPSU, DMND, TSL, ARRY, AONE)

Paul Ausick — Thu, 09 Feb 2012 17:24:23 +0000

At about noon, the three major equity indexes have all turned positive after an up-and-down morning. The DJIA is up about 11 points at about 12,896, the Nasdaq is ;up about 7 points at around 2,923, and the S&P 500 is up less than 1 point to 1,351. The markets are still waiting to hear [...]

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Apple Captures 80% of Mobile Phone Company Profits (AAPL, SSNLF, RIMM, NOK, MMI, GOOG, MSFT)

Paul Ausick — Thu, 09 Feb 2012 16:50:56 +0000

Investment firm Canaccord Genuity said today in its daily newsletter that Apple Inc. (NASDAQ: AAPL) garners about 80% of the operating profit among all handset makers. Of $14.4 billion in industry profit, Apple’s take is $11.5 billion. Samsung Electronics (OTC: SSNLF) finishes second with 15% of the profits, or about $2.2 billion. Handset makers Research [...]

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Meet the New Scaled Down Eastman Kodak (EKDKQ)

Administrator — Thu, 09 Feb 2012 16:16:56 +0000

Eastman Kodak Company (EKDKQ) is showing the ‘in with the new’ model it wants to operate in. Frankly, this implosion as a future turnaround just doesn’t seem much better in bankruptcy compared to before bankruptcy. How Antonio Perez is still in charge is a total mystery. As part of its ongoing strategic review process “and [...]

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After Taleo, Looking at Other Cloud M&A ‘Hopefuls’ (SKYY, TLEO, ORCL, EQIX, AKAM, RAX, TDC, NTAP, CRM)

Administrator — Thu, 09 Feb 2012 16:03:57 +0000

It is a bit surprising that First Trust ISE Cloud Computing (NASDAQ: SKYY) is not trading higher than it is after a ‘cloud acquisition’ even if it is a thinly traded ETF compared to other technology funds. After the Taleo Corporation (NASDAQ: TLEO) acquisition by Oracle Corporation (NASDAQ: ORCL) and with the market still holding gains, [...]

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