Spotlight Stocks: Citigroup, eBay, Ryland, Pfizer
Thursday's top stories and stocks with potential to move...
Stocks to watch for Thursday, January 24, 2008:
- eBay (EBAY) reported 4Q net income of $530.9 mln, or 39 cents a share, up 53% from $346.5 mln, or 25 cents a share a year ago. Revenue grew nearly 27% to $2.18 billion. Additionally, Meg Whitman, the company's CEO will retire in March and will be replaced John Donahoe, current president of eBay's auction business.
- Qualcomm (QCOM) reported 4Q net income of $767 mln, or 46 cents a share, compared with $648 mln, or 38 cents a share a year ago. Revenue came in at $2.44 bln, ahead of last year's number of $2.02 bln.
- Pfizer (PFE) reported 4Q net income of $2.88 bln, or 42 cents a share, down about 70% from $9.45 bln, or $1.32 a share a year ago. Pfizer's fourth-quarter sales rose 3.7% to $13.1 billion, and full-year sales increased slightly to $48.6 billion, helped by foreign-exchange fluctuations.
- Ryland Group (RYL) reported a 4Q loss of $201.9 mln, or $4.80 a share, compared with a profit of $87.2 mln, or $1.98 a share a year ago. The homebuilder took pretax charges and write-offs. Revenue dropped to $845.1 mln, down from $1.35 bln a year ago.
- Citigroup (C) said it will abandon plans to open up to 100 US branches a year, while possibly selling or closing some newer branches in areas such as Tampa Bay. According to Reuters, the company will focus on areas like Boston, Miami, New York City and San Francisco.
- Ford (F) is expected to announce an agreement with the United Auto Workers union pertaining to the buyout of as many as 11,000 hourly employees and 2,000 salaried positions. Since 2006, Ford has cut about 44,000 jobs.
- Asian trading closed with the Hang Seng -2.29%, Nikkei +2.06%, Sensex -2.12%, Taiwan +1.47% and Shanghai +0.31%.
- A glance across the pond finds the CAC +4.11%, DAX +5.80%, FTSE +3.88%, ATX +3.10%, Swiss Mkt. +4.25% and Stockholm +3.33%.
- Looking at commodities, crude oil is higher +1.29 to 88.28 and gold is jumping +11.6 to 894.7 this morning.
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.
Daily Recap Newsletter