Q1 Earnings Review: SLE, KFT, LAMR

Sara Lee After four years of decline, analysts expect Sara Lee Corp. (NYSE:SLE), the manufacturer of consumer food and household products, to finally break the trend and experience some earnings growth in 2012. For the third quarter of 2012, which ended March 31, analysts are expecting earnings of $0.25/share, which while [...]

Read more...

Q1 Earnings Review: VIA, CVC, GM, AIG

Viacom Viacom, Inc. (NASDAQ:VIA) will hit the markets before the open today with an earnings conference call at 8:30AM EST. The owner of Paramount Pictures, Nickelodeon and MTV is expected by analysts to earn $0.89/share in the second quarter of 2012, which is the period ended March 31, 2012. This [...]

Read more...

Q1 Earnings Preview: WYNN, MGM, Orbitz

Wynn Wynn Resorts, Limited (NASDAQ:WYNN) is set to release its 2012 Q1 results on May 9th. After an impressive quarter which included the award of a permit to construct a new major resort property in Macau, a jurisdiction that saw gambling revenues jump 21.9% overall in April of this year. [...]

Read more...

Wednesday Post Market, Economic, Hedge Fund and Company News

Every afternoon we provides an update on global market levels, economic news, and hedge fund news. Market Levels  * US: Dow: 13268.60 (-0.08%), S&P 500: 1402.31 (-0.25%), NASDAQ: 3059.85 (0.31%) * Europe: CAC: 3226.36 (0.42%), DAX: 6710.77 (-0.75%), FTSE: 5758.11 (-0.94%). * Asia-Pacific: Australia: 4435.90 (0.14%), China: 2438.44 (1.73%), Hong Kong: 21309.08 (1.01%), [...]

Read more...

Dan Loeb's Third Point is up 6.4% YTD; Buys Apple Again

 Daniel Loeb’s Third Point Avenue, flaghship hedge fund, was down 0.1% in March. The year to date return is 6.4%. The hedge fund currently has $4.7 billion in AUM. The total assets of the firm is currently, $9.0 billion. Loeb’s exposure barely changed from last month. The hedge fund is 69% [...]

Read more...

SAC Capital Suggests Clearwater Split

Clearwater Paper Corp (NYSE:CLW)’s third largest shareholder, Steven Cohn's  hedge fund SAC Capital, has indicated that it would like to see the company split up in order to fully realize the value of the firm. SAC, which owns 7.2% of the shares in Clearwater Paper Corp (NYSE:CLW), indicated in a securities [...]

Read more...

Big Hedge Funds' Results Waning, Worrying Investors

The world’s largest private equity firm, The Blackstone Group L.P. (NYSE:BX) said that profits for the first quarter fell by around 24%, as its performance fees fell due to slower gains. Performance fees for the giant hedge fund fell by almost 37%, while holdings for the fund increased a little when compared [...]

Read more...

Earnings Preview: V, ALL, DWA, WFM

More earnings from a busy day on Wall Street: Visa Inc. (NYSE:V) is expected to announce earnings of $1.50 a share when it reports results after the market closes this afternoon. The company's revenues are expected to rise to $2.48 billion for the three months. In the same period in [...]

Read more...

Earnings Round Up: CMCSA, MA, TWX, CVS

Here's our round up of important earnings reports from before the market opened this morning: Comcast Corporation: (NASDAQ:CMCSA) reported strong earnings of 45 cents a share on revenues of $14.88 billion for the first three moths of 2012. That compares well with results from the same time period last year when [...]

Read more...

Earnings Preview: SYMC, HIG, GMCR, MUR, NEWP, RIG

Here's our preview of the most important earnings to be announced this afternoon after the market closes: Symantec Corporation (NASDAQ:SYMC) is expected to post earnings of 33 cents per share after the market closes. The firm's revenues are projected to hit $1.69 billion for the first three months, a slight [...]

Read more...

Einhorn On Results, Herbalife, Oaktree And The Fed

Herbalife Inc. (NWSE:HLF) had an unwanted surprise in its quarterly earnings conference call last Monday. The call was dominated by questions from Greenlight Capital Re Ltd. (NASDAQ:GLRE) Chief David Einhorn. Einhorn pushed the company's executives with questions that swayed investors. The company's stock finished down 20% on Tuesday seemingly due to [...]

Read more...

Earnings Roundup: SEI, UBS, GMCR, CLX, GRMN, BEN

  Here's our round up of the most important earnings reported before the market opened this morning  SEI Investments Company (NYSE:SEIC) announced this morning an earnings per share of 28 cents in the first quarter. That's down on the same period last year when the firm's per share earnings were 31 cents. [...]

Read more...

Spanish, Italian Banks Running Low on Reserves

A few months back, the European Central Bank starting opening a line of credit for European banks in an attempt to avoid any bank failures.  Banks in the ailing Italy and Spain took some of the money from the ECB and are reportedly running out of those reserves. Italian banks [...]

Read more...

Wynn Latest Company to Join Casino Boom in Macau

Wynn’s (WYNN) Macau subsidiary, Wynn Macau Ltd (HKG:1128) has been granted official approval for the construction of a major new hotel and casino development on the firm’s 51 acre location in the Cotai area of Macau. The firm plans to construct a 1,500 room hotel, along with up to 500 game [...]

Read more...

Wednesday Morning Market, Company and Economic News

Every morning we put out a news report with the latest news in global stock markets, company news, and global economic news. Morning Market Update   Market LevelsUS:  Dow Futures: 13164.00 (-0.41%), S&P 500 Futures: 1394.00 (-0.46%), NASDAQ Futures: 2703.00 (-0.47%) Europe: CAC: 3218.98 (0.19%), DAX: 6717.95 (-0.64%), FTSE: 5756.82 (-0.96%).Asia-Pacific: Australia: [...]

Read more...

Ackman sells FBHS and FDO, Einhorn Buys Oaktree

Pershing Square Capital Management recently exited Fortune Brands Home & Security Inc (NYSE:FBHS) and Family Dollar Stores, Inc. (NYSE:FDO). The hedge fund’s head, activist investor, Bill Ackman said that his firm has just sold its entire stake in the two companies. The stock in both of these firms has been increasing steadily, [...]

Read more...

Earnings Roundup: APC, EMR, FST and SHLD News

Here's our round up of the most important earnings reports: Andarko Petroleum Corporation (NYSE:APC) reported a rise in its earnings per share in the first quarter owing to a hike in the price of crude oil. The company earned $4.28 per share in the first quarter compared with 2011's earnings of [...]

Read more...

Chrysler's April Sales Rise, GM and Ford Lose Out

General Motors Company (NYSE:GM) and Ford Motor Company (NYSE:F) reported that sales for April dropped from the same period last year as Chrysler continued to have an impressive showing with a 20% gain. Sales for GM were down 8% to total 213, 387 from April of last year. The CEO [...]

Read more...

Tuesday Post Market Hedge Funds, Company and Economic News

Every afternoon we provide an update on global market levels, economic news, and hedge fund news. Post Market Update Market Levels  US:  Dow: 13279.30 (0.50%), S&P 500: 1405.82 (0.57%), NASDAQ: 3050.44 (0.13%) Europe: CAC: 3212.80 (0.00%), DAX: 6761.19 (0.00%), FTSE: 5812.23 (1.30%). Asia-Pacific: Australia: 4429.50 (0.75%), China: 2396.32 (0.00%), Hong Kong: 21094.21 (0.00%), India: [...]

Read more...

Einhorn Questions Herbalife on Call – Share Tumble

Despite beating analyst estimates with their first quarter earnings, Herbalife Ltd. (NYSE:HLF) came under intense pressure this afternoon after comments made by Greenlight Capital’s David Einhorn regarding the firm’s disclosure in their 10-K report. Specifically, Einhorn asked about the change in disclosure regarding the types of distribution groups the firm uses, [...]

Read more...

Earnings Review: Pfizer, Archer Daniels, Avon and Thomson Reuters

Tuesday 1st May has seen first quarter 2012 earnings releases from several big players in the American market.  Others are tipped to follow during the week.  Here is a roundup of what investors should expect from breaking news. Pfizer: World’s largest drug manufacturer gets a rise from anti-cancer treatments The Viagra [...]

Read more...

Gross Sees Inflation on the Horizon from Increased Credit

In his new monthly letter to investors, PIMCO's founder and co-chief investment officer Bill Gross, wrote that central bank policies in 2012 will incite growth in developed countries but in the future, start inflationary risks. Gross said in reference to the Federal Reserve's debt purchases (also known as QE), "Not suddenly, [...]

Read more...

Subscribe to our mailing list

* indicates required

Opt out of occasional 3rd party offers


0