24/7 Wall St.

eBay Crashes on Saturday (EBAY)

247wallst — Sat, 21 Nov 2009 23:51:36 +0000

eBay Inc. (NASDAQ: EBAY) is having an issue which may have just cost sellers millions and millions of dollars in untold upside in combined auction results today. After doing random searches today on Christmas present chores and with eBay being one of the online destinations, it was suddenly evident that something was wrong on eBay. [...]

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It Looks More Likely GE (GE) May Keep NBCU, Force Job Cuts

247wallst — Sat, 21 Nov 2009 16:34:00 +0000

With the passing of each hour, there are more media reports that talks between GE (NYSE:GE) and Vivendi for the French company to sell its 20% of NBCU to the American conglomerate have moved closer to collapse. Without Vivendi’s cooperation, GE cannot form the joint venture it is creating with Comcast (NASDAQ:CMCSA) to take the management and [...]

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Barnes & Noble (BKS) Runs Out Of E-Readers: Amazon (AMZN) Stands Alone

247wallst — Sat, 21 Nov 2009 12:27:51 +0000

Sony (NYSE:SNE) said it might not have its e-reader, the Daily Edition Reader, ready to ship before Christmas. It has given customers a range of dates for availability of its product that could be as early as December 18 or as late as January 8. Now, Barnes & Noble (NYSE:BKS) has come up short on the inventory of units for its [...]

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Hershey Longs For Cadbury?

247wallst — Fri, 20 Nov 2009 21:46:26 +0000

The trust that controls Hershey has asked the company to make a bid for UK sweets company Cadbury (NYSE:CBY). The Wall Street Journal reports that the offer would be approximately $17 billion which would top the current offer from Kraft (NYSE:KFT) Douglas A. McIntyre Posted in Mergers and Buy Outs Tagged: CBY, KFT

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52-Week High Club (DDS, DBRN, SJM, MRK)

247wallst — Fri, 20 Nov 2009 21:11:06 +0000

Dillard’s Inc. (NYSE: DDS) rose as high as over 10% to a yearly high of $15.79 after the department-store chain was upgraded by Deutsche Bank AG. Dress Barn Inc. (NASDAQ: DBRN) rose as high as 9.2% to a yearly his of $22.42 after the women’s clothing retailer announced earnings of $0.37, beating analysts estimates. The J.M. [...]

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Unusual Friday Options Activity (AAPL, GOOG, BAC, LEAP, PCS, DRYS, YHOO)

247wallst — Fri, 20 Nov 2009 20:24:51 +0000

We have seen some unusual options trading today. As you would expect, some is around today’s 4:00 PM close with today being options expiration date. But some bets are way out into 2011 and we have some around merger rumors. All have links with full details on the options trading analysis at VSInvestor: Apple Inc. (NASDAQ: [...]

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Next Week’s Top 10 Earnings on Deck (HPQ, TSN, CPB, LDK, TECD, BKS, BGP, JCG, DLTR, DE)

247wallst — Fri, 20 Nov 2009 18:19:22 +0000

Earnings season has mostly wound down, but as always at least some major companies are reporting earnings. Some are actually market-movers as well and it is a short week with earnings out only Monday and Tuesday, with a few on Wednesday. On deck are Hewlett-Packard Company (NYSE: HPQ), Tyson Foods Inc. (NYSE: TSN), Campbell [...]

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Rig Count Growth Mostly Positive (BHI, OIH, DIG, USO, OIL)

247wallst — Fri, 20 Nov 2009 18:11:14 +0000

Baker Hughes, Inc. (NYSE: BHI) has released its data on the weekly rig counts and most are up. We are watching the key ETF products react via the Oil Services HOLDRs (NYSE: OIH), the Ultra Oil & Gas ProShares (NYSE: DIG), the United States Oil (NYSE: USO) ETF and the iPath S&P GSCI Crude Oil [...]

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The Palm Margin Squeeze (PALM, S, AMZN, WMT)

247wallst — Fri, 20 Nov 2009 14:24:02 +0000

Palm, Inc. (NASDAQ: PALM) has sort of already fallen from grace despite all the hype behind the Palm Pre. Throw in that Pixi too. Discounting is trumping what may be weaker sales. It turns out that Amazon.com (NASDAQ: AMZN) is offering the Palm Pre for Sprint for a mere $79.99. Sprint Nextel (NYSE: S) has [...]

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Today’s Best Market Rumors (11/20/2009) (GS)(JAVA)

247wallst — Fri, 20 Nov 2009 14:01:43 +0000

Updated throughout the day. GE (NYSE:GE) and Vivendi are at odds over the NBCU valuation (FT) IBM (NYSE:IBM) is taking advantage of the delay in the Sun (NASDAQ:JAVA) deal to be bought by Oracle (NASDAQ:ORCL) (TheStreet) The joint venture between Rio Tinto (NYSE:RTP) and BHP Billiton (NYSE:BHP) may lead to a merger. (various) Ferrero may want to buy Cadbury’s gum and candy [...]

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