- Investors Uneasy Ahead of Earnings and Economic Data
- What's Behind This Morning's Weakness
- Discount Stores Thrive in Sign of the Times
- The Long and Short of UNG
- Retails Reeling
- Here Comes the Earnings Parade
- It's All About The Dollar....And Commodities
- The Slide for Commodity Stocks Continues
- How Strong Is The Recovery?
- The Dow Down, But Not Out
|
CNBC'S MOST SHARED
- Unemployed? Bored? Make Money Playing Beer Pong
- Social Networking's 'Naked' Truth
- WPP's Sir Martin Sorrell on the Ad Recession
- The Highest Grossing (Inflation Adjusted) Movies of All Time
- Merrill's McCann Seen as UBS Wealth Frontrunner
- Geek Squad V. Gizmodo
- Warren Buffett's Top Three Investment Rules for the Average American
- Why You Should Watch Fund Flows
- Earnings 101: Beyond The Big Names
- Blog You!!!
- Eric Schmidt on Government Scrutiny and Economic Recovery
- Market 360: The Week's Best & Worst
- Geek Squad V. Gizmodo
- Brandt: Google Chrome OS in the Post-PC Age
- Other People Are Weirder Than We Are
- Bank Failures: Is The Nightmare Over? (Video)
- California Here I Go? No.
- Roginsky: No More Mr. Nice Guy
- Commercial Conundrum
- Stimulus Will Kick in Later this Year: President Obama
- Lender CIT Group Hires Premier Bankruptcy Adviser
- Government Selling Bank Stakes for Too Cheap: Panel
- Buffett's Top 3 Investment Rules for Average Americans
- Market Insider: Earnings Loom in the Week Ahead
- Bulls Get Summertime Blues, But It's Hot Fun for Bears
- As Banks Fail, Strong Institutions Become More Visible
- GM IPO in Second Quarter 2010 at the Earliest: CFO
- Merrill's McCann Seen as UBS Wealth Frontrunner
RSS FEED
More Videos
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?
Data is a real-time snapshot *Data is delayed at least 15 minutes