Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Stocks to Watch: Applied Materials, Chevron, Ford, Pfizer, Time Warner


It's all in the hips...

  • Applied Materials (AMAT) said its quarterly net income rose 39% from a year ago as the company sold more machines that make chips used in personal computers and other consumer electronics.
  • Cheesecake Factory (CAKE) said it had delayed the filing of its Form 10-Q due to a review of its stock-option practices.
  • Chevron (CVX) said its Australian unit has successfully bid for rights to deepwater natural-gas exploration off Western Australia.
  • DaimlerChrysler (DCX) will give away nine cars through its "Ask Dr. Z" Web site in an effort to spark momentum for its Chrysler brands.
  • Dell's (DELL) battery recall raises the profile of an issue with lithium-ion batteries that affects rival PC firms as well as makers of other electronic products.
  • F5 Networks (FFIV) said it has received a noncompliance letter from Nasdaq indicating it is subject to delisting because it did not file Form 10-Q for the quarter ended June 30 on time.
  • Ford (F) plans to trim the number of dealerships it has in 18 metropolitan areas across the country, blaming sliding car and truck sales.
  • Jones Apparel Group (JNY) said its board has decided not to pursue a sale of the company. The apparel designer and marketer said that the company will continue the execution of its strategic plan instead.
  • La-Z-Boy's (LZB) first-quarter earnings fell. The company said net income was $2.3 million, or 4 cents a share, on sales of $418.9 million vs. last year's profits of $3.2 million, or 6 cents a share, on sales of $428.9 million.
  • Limited Brands (LTD) said Chief Financial Officer Ken Stevens has decided to retire. The retailer said Martyn Redgrave, chief administrative officer, will assume CFO responsibilities.
  • Linn Energy (LINE) said it swung to net earnings of $10.2 million, or 36 cents a share, in the second quarter, on the back of strong revenue growth. In the same period last year, the company posted a net loss of $5.28 million, or 26 cents a share.
  • Pep Boys (PBY) reported second-quarter earnings from continuing operations of $1.47 million, or 3 cents a share, compared with $832,000, or a penny a share, during the year-ago period.
  • PetSmart (PETM) earned $34.6 million, or 25 cents a share, in its fiscal second quarter - down slightly from the $35.7 million, or 24 cents, recorded in the year-ago period.
  • Pfizer (PFE) said its Chief Executive Jeffrey Kindler is establishing a new organizational structure that will include a new executive team. Vice Chairman David Shedlarz will expand his responsibilities and Vice Chairman Karen Katen will leave the company.
  • Photronics (PLAB) reported third-quarter net earnings of $4.56 million, or 11 cents a share, compared with $14.8 million, or 35 cents a share, in the same period last year.
  • Rambus (RMBS) said that former Chief Executive Geoff Tate plans to resign from the board. Tate was the sole member of the board's stock option committee plans during a period in which the company has found flaws in how it accounts for the cost of stock options.
  • Carl Icahn has increased his Time Warner (TWX) stake, a sign he may be mulling a renewed bid for control.
  • Wal-Mart's (WMT) net fell 26% after taking a loss on the sale of its German operation to Metro. Revenue at the retailer rose 11% despite tepid U.S. store sales.
  • Western Gas Resources (WGR) said it has received the last remaining regulatory approval required to close its merger with a subsidiary of Anadarko Petroleum (APC).

Market Update

  • Asian trading closed higher with the Hang Seng +1.02%, Nikkei +1.61%, Sensex +1.20%, Taiwan +1.23%, Shanghai +1.30% and Jakarta +0.95%.
  • A check across the pond finds markets lower for the most part with the CAC -0.15%, DAX -0.05%, FTSE -0.65%, ATX +1.20%, Swiss Mkt -0.13% and Stockholm -0.13%.
  • Crude oil is trading -0.10 to 72.95 while gold is +3.2 to 636.1 this morning. For their part, stateside futes are below fair value.
< Previous
  • 1
Next >
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Featured Videos