Buzz Bits: Dow Edges Lower, Nasdaq Closes Higher
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Earnings Report - MV News
Bell Buzz - Todd Harrison - 3:40 PM
position in drillers
The Fabio Effect - Jeff Macke - 11:12 AM
Greetings from New Jersey where it's occurring to me that life in financial television has no limit in regards to weirdness. Suffice it to say I'm lobbying hard for Strazzini and/or Bolling as the Fast Money cast member chosen to slather Faux Oil on himself with Fabio down in Times Square tonight. I'll announce, thanks. In other news...
Greetings from New Jersey where it's occurring to me that life in financial television has no limit in regards to weirdness. Suffice it to say I'm lobbying hard for Strazzini and/or Bolling as the cast member chosen to slather Faux Oil on himself with down in Times Square tonight. I'll announce, thanks. In other news...
Position in SWY
Yeech. Phoohey. - Bennet Sedacca - 9:30 AM
See the chart here. London copper. And that doesn't even include today's $20 drop.
The commodity unwinding is in full swing.
Busted bubbles continue.
1. The NASDAQ
Does anyone else besides me find it odd that we grow M3 (reconstituted numbers since it is now 'irrelevant') and MZM at double digit rates and commodities fall out of bed? And GDP growth is like 2 to 3%? Well I do. If you would have told me this was possible 10 years ago I would have said 'no way'.
But it IS happening. WHY? Because we are reaching the point of when the right side of the balance sheet is too large and takes over.
Bearish? Yep, I have to say so. What it does to the market is anyone's guess. In my book, as long as global Central Banks target asset prices, reality and perception can drift far apart.
Apple Phone Is Behind the Curtain! - Jon Doctor J Najarian - 8:17 AM
Apple (AAPL) Names Cingular for iPhone! AAPL CEO Steve Jobs is a consummate showman and also very tightlipped about what's behind the curtain, but we now know that he has picked Cingular as the service provider for the top secret iPod phone! To put this in perspective, there have been roughly 71 million iPods sold since inception, but over a billion phones are sold every year!
Supervalu (SVU) Net Up 51% - Sales improved to $10.7 billion from $4.7 billion and guidance for 4Q was raised to $0.59 - $0.66. The company estimates sales of $37 billion and earnings in the range of $2.34 to $2.41 a share.
Ceradyne (CRDN) 4Q Sales Up 56% - The maker of armored products for soldiers and vehicles announced sales up 56% to $178 million and new orders up substantially. For the year, sales reached $663 million, 80% above the $368 million reported in 2005, and total new orders hit about $730 million, up 64% year-over-year.
Merrill Cuts Garmin (GRMN) To Neutral - The broker said it expects the GPS navigation company to lose three percentage points of market share in 2007 as a barrage of new devices are introduced. Last Friday it was announced that the CEO dumped 100,000 shares of GRMN, which is still very close to its 52-week high.
Position in AAPL
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