Morning Market Call
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Here's 7 stocks. (more)
![]() Darren Wong
U.S. stocks rise in early trading after the Labor Department's PPI report matched expectations and showed that inflation is moderating. This raises investor's hopes of a rate cut later this year. (more)
![]() Darren Wong
Stocks pull back on weak April sales data. Wal-mart posts a 3.5% decrease in same-store sales for April. Abercrombie & Fitch same-store sales fall 15%. (more)
![]() Darren Wong
BHP Billiton and Rio Tinto are up on possible buyout, Toll Brothers lowers full year guidance, Toyota Motors posts a 9% rise in quarterly earnings. (more)
![]() Darren Wong
Motorola shares decline after Carl Icahn's board seat is denied; Rumors of takeover bid for AK Steel Corporation sends shares sharply higher. (more)
![]() Darren Wong
Alcan shares are up on news of an unsolicited offer of $33 billion by Alcoa. For 2006, the combined companies would have had $54 billion in revenues. (more)
![]() Darren Wong
Reports of Microsoft continuing its pursuit of Yahoo! Inc. has fueled a major rally in YHOO shares this morning, currently up 15%. The acquisition could be worth $50 billion. (more)
![]() Darren Wong
The Labor Department reported that initial claims fell by 21,000 and that first-quarter productivity rose 1.7%. (more)
![]() Darren Wong
Mastercard Inc. first-quarter profit surged 70% to $214.9 million up from $126.7 million in the same quarter last year. Time Warner Cable reported Q1 profits that were up 16% over the year ago period. (more)
![]() Darren Wong
Dow component Proctor & Gamble reported a 14% rise in earnings on higher sales of health products and razors. Archer Daniels Midland reported a 4% gain in quarterly profits as rising ethanol and sweetener prices help raise earnings. (more)
![]() Darren Wong
On the earnings front, Verizon reported an 8.4% drop in first-quarter profits, while revenues grew 6.4% to $22.58 billion. Hilton Hotels reported a 9% drop in first-quarter profits due to renovation costs at a New York property. (more)
![]() Darren Wong
U.S. gross domestic product grew 1.3%, which was sharply lower than the 2.5% increase expected by economists. Microsoft and Baidu.com earnings surge. A few bright spots showing up this morning include Microsoft and Baidu.com. (more)
![]() Darren Wong
Stocks opened higher this morning after a spectacular earnings report from Apple yesterday afternoon. The iPod maker reported an 88% increase in earnings due to surging iPod and Mac computer sales. AAPL shares are currently up over 6% in early trading. (more)
![]() Darren Wong
Amazon.com reported spectacular Q1 profits of $111 million compared to $51 million one year ago. Boeing Q1 profits rose 27%, and PepsiCo net income increased by 16%... (more)
![]() Ashton Dorkins
Texas Instruments reported a 12% drop in profits, but the company said business was improving. Lockheed Martin Q1 income rose 17%, AT&T Q1 profit surged 97%, and DuPont's Q1 earnings and revenue beat expectations. (more)
![]() Ashton Dorkins
Barclays and ABN Amro agreed to merge in a $91bln. deal. As part of the deal, ABN Amro is selling LaSalle to Bank of America for $21bln. Staying in Europe, AstraZeneca agreed to buy MedImmune for $15.6bln... (more)
![]() Ashton Dorkins
Stocks are off to a positive start, boosted by strong earnings,boosted by positive earnings, in particular from Google. Among the other stocks reporting strong results were: Caterpillar, Schlumberger, Honeywell, Xerox, and McDonald’s. (more)
![]() Eddie Kwong
![]() Brice Wightman
Stocks are recovering from early weakness Monday morning as Hurricane Katrina is downgraded to a Category 3 storm (more)
![]() Brice Wightman
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