Market Insider
- Thursday, 9 Feb 2012 4:57 PM ETBy: Herb Greenberg
After all the hype and run-up into earnings, Apple's voice recognition provider Nuance missed and guided below expectations.
Manuel Balce CenetaWhat people don't understand is that as sexy as voice is, it's almost a commodity. Manufacturers like Apple [AAPL Loading... ()
] drive hard bargains. Most striking, in Nuance's [NUAN Loading... ()
] supplemental material, is that mobile/consumer organic revenue and profit growth, which includes sales to Apple, is going in the wrong direction. So is margin in that unit. - Thursday, 9 Feb 2012 4:28 PM ETBy: Lori Spechler
Has anyone at the U.S. Postal Service watched this commerical (click here to watch the USPS video)?
Getty ImagesFear mongering? Turn back time? The agency Thursday reported a loss of $3.3 billion dollars for the fiscal first quarter of 2012, and that’s the best they got?
If that’s their best strategy for growth, maybe we should cut bait and run now because clearly, whatever organization approved that ad is hankering for the good ole’ days when Joe the postman showed up at your door with “The Saturday Evening Post", a few bills and maybe a postcard from your Aunt Ethel.
- Thursday, 9 Feb 2012 4:02 PM ETBy: Bob Pisani
Market looking tired? Look at all the positive news we have had today:
Getty Images1) Tentative Greek deal 2) Good jobless claims 3) Apple up 4 percent 4) Mortgage bank settlement 5) Bank of England continues to pump money into their economy.
And the market is ... doing nothing. Dow up 10.
But wait. We have been up 10 points every day ... all year. All right, not every day, but it's pretty much straight up since January 1:
- Thursday, 9 Feb 2012 2:39 PM ETBy: Karina Frayter
Investor optimism for a rising stock market is at the highest level in a year.
Adam Gault | OJO Images | Getty ImagesThe latest poll by American Association of Individual Investors shows that 51.6 percent of respondents expect stock prices to rise over the next six months.
Boosted by improving economic data and corporate earnings, the Dow [.DJI Loading... ()
] is up about 15 percent since mid-December. - Thursday, 9 Feb 2012 12:54 PM ETBy: Sharon Epperson
Traders covered short positions in natural gas futures after an executive from Chesapeake Energy [CHK Loading... ()
] reiterated that low prices may force the company to significantly cut gas production. 
Despite a bearish surprise from the U.S. Energy Information Administration's report showing a smaller than expected drop in natural gas in storage last week — March natural gas futures [NGCV1 Loading... ()
] surged 5 percent to reach an intraday high of $2.57 per million BTUs. Speaking at a Credit Suisse [CS Loading... ()
] event earlier Thursday morning, Chesapeake's Senior VP of Investor Relations Jeff Mobley said the company has already curtailed a little more than 500,000 cubic feet per day of natural gas production and will go to 1 billion cubic feet per day if market conditions warrant. - Thursday, 9 Feb 2012 12:16 PM ETBy: Bob Pisani
Greece union leaders: "There will be a social uprising."
Scott E. Barbour | Getty ImagesGreek union leaders are not part of the Greek political coalition. Another 48-hour strike called for tomorrow and Saturday.
We still do not know exactly what Greek political leaders have agreed to. Here is the official Greek statement:
"The government's discussions with the troika were concluded successfully this morning on the issue which had remained open for further elaboration. The political leaders have agreed on the result of these discussions.
- Thursday, 9 Feb 2012 9:14 AM ETBy: Bob Pisani
The euro bounced, stocks rallied shortly after 8 a.m. ET on word that Greek political leaders had reached an agreement on the terms of the bailout package.
Image Source | Getty ImagesThey have reached an agreement — but is it just among themselves? Is it the deal the “troika” wanted?
Greek unemployment is now 21 percent; half of all Greek youth are unemployed.
- Thursday, 9 Feb 2012 8:21 AM ETBy: Peter Schacknow
Take a look at some of Thursday morning's early movers:
PepsiCo [PEP Loading... ()
] - The beverage giant earned $1.15 per share, excluding certain items, for its fourth quarter, two cents above estimates. Revenue also beat consensus, and the company also announced it's cutting 8,700 jobs, about 3% of the global workforce. CEO Indra Nooyi tells CNBC the company is doing well in a difficult environment, but characterizes the North American Beverage Business is still a "work in progress". Cisco Systems [CSCO Loading... ()
] - The maker of networking gear beat estimates on both the top and bottom lines for its latest quarter. Cisco earned 47 cents a share for its second quarter, four cents above estimates. It also reported improved profit margins. CEO John Chambers tells CNBC the company is back on the right track, and will resume its more traditional pace of acquisitions this year. Groupon [GRPN Loading... ()
] - The purveyor of daily deals reported an unexpected fourth quarter loss in its first earnings release since going public. Analysts are worried about signs that Groupon’s growth may be slowing.
ABOUT MARKET INSIDER
EDITOR
- Stocks Looking Past Europe for a New Driver
- Nuance Doesn’t Live Up to Hype
- Commentary: USPS Stuck in the Past
- Why Is Market So 'Tired' With Good News?
- Investor Optimism At Highest In One Year: Survey
- Chesapeake Spurs Nat Gas Rally
- What Exactly Have Greeks Agreed To?
- A Greek Deal, but What Is the Deal?
- What's Shaking: Thursday's Early Movers
- Traders to Watch Jobless Claims for Signs of Recovery
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