- The Risk Trade Has Not Gone Away—Yet
- Black Friday No Disaster, But Retail May Be Dead For A Bit
- Traders Focus On The Homefront
- Despite Dubai, U.S. Markets Calm
- Stocks Lurking Near New Highs Again
- Risk Trade Is Back On
- This Week's Biggest Story: The Dollar
- Corporate Issuance Continues at Torrid Pace
- The Bernanke Dollar Bounce & Gross Says Forget About Rate Hike
- Colgate Really Sparkles After Hours
TRADER TALK RSS FEED
MOST SHARED
- Timeless and Time-Tested Warren Buffett Watch Predictions
- Should Homeowners Be Able To Walk Away From Mortgage?
- Goldman Sachs Party Ban: No Gatherings of 12 or More
- Dubai World Set to Restructure About $26 Billion of Total Debt
- Nov. 30: Unusual Volume Leaders
- Bove: 26 Banks May Need To Raise More Capital
- Notre Dame Fires Charlie Weis After 5 Seasons
- Cyber Monday: The Last Vestige of Dotcom Hype
- Oil Demand Sees Year-Over-Year Rise, First Since 2007
- Blue Nile CEO: 'We're Having the Best Cyber Monday Ever'
- Treasury Threatens Banks, Not Borrowers
- We're Approaching a Market Bubble: Portfolio Manager
- Hershey Shares: What Options Are Saying
- Nov. 30: Unusual Volume Leaders
- Why Careful Shoppers Are Great for the Box Office
- Blue Nile CEO: 'We're Having the Best Cyber Monday Ever'
- Best Online Retailers to Buy Now: Internet Analyst
- ESPN The Magazine’s Body Issue: A Financial Success
- Cyber Monday: The Last Vestige of Dotcom Hype
- GE, Vivendi Agree to Value NBCU Stake at $5.8 Billion
- White House to Crank Up Pressure on Mortgage Industry
- Treasury Threatens Banks, Not Borrowers
- Dubai World to Restructure About $26 Billion of Debt
- Cramer: Dubai Can’t Sink These 6 Dividend Stocks
- Bove: 26 Banks May Need To Raise More Capital
- Lesson From Dubai: Start Cutting Risk In Your Portfolio
- Iranian Seizure of British Yacht Pushes Oil Above $77
- The World's Biggest Debtor Nations
More Videos
Trader Talk
Text Size 
A flood of economics and earnings reports will quickly dominate the week; already there are a few companies sounding familiar themes.
1) Subprime bleeds into the current quarter for financials. UBS [UBS
Loading...
()
] saying their third-quarter loss would be in line with the lowered guidance they gave earlier this month. They will record losses of roughly $500 m to $700 m due to large writedowns on their exposure in mortgage backed securities. But the more important news is they did warn they may record further write-downs in the future. They'll release their earnings tomorrow.
2) Kellogg [K
Loading...
()
] is a microcosm of this quarter's two main earnings themes: a) U.S. weaker than international growth, and b) inflation an issue. They beat their earnings expectations and raised full year guidance by a penny. Once again, the bigger growth was overseas: North America reported net sales growth of 4%, International 12%. Kellogg also noted that commodity, fuel and benefit inflation was an issue, raising those costs to $0.32 per share, twice as much as they had originally expected. They also raised their buyback.
3) We beat, but sales are dropping. Radio Shack [RSH
Loading...
()
] beat estimates handily, although comparable store sales were still down nearly 9% compared to the year before. Up 12% pre-open.
4) Don't delay earnings. Office Depot [ODP
Loading...
()
] was supposed to report their earnings tomorrow, but they are delaying their third quarter earnings report, due to a review of its vendor program funds. No word on when earnings will be out. Credit Suisse and JP Morgan downgraded the company; the question is whether this will involve earnings restatements. Down 8% pre-open.
Questions? Comments?
POPULAR TRADER TALK POSTS
- The Risk Trade Has Not Gone Away—Yet
- Black Friday No Disaster, But Retail May Be Dead For A Bit
- Traders Focus On The Homefront
- Despite Dubai, U.S. Markets Calm
- Stocks Lurking Near New Highs Again
- Risk Trade Is Back On
- This Week's Biggest Story: The Dollar
- Corporate Issuance Continues at Torrid Pace
- The Bernanke Dollar Bounce & Gross Says Forget About Rate Hike
- Colgate Really Sparkles After Hours
Data is a real-time snapshot *Data is delayed at least 15 minutes