- 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
- Light Volume Has Traders Complaining
- Gold Shatters Another Record
- Have Retailers Reached Their Limits?
- The Retail Mind Game
TRADER TALK RSS FEED
MOST SHARED
- Tiger Woods Out of Hospital After Accident
- The Good Entrepreneur Winner
- Get Paid Six Figures to Wear a T-Shirt?
- Global Selloff From Dubai Woes Shows Signs of Winding Down
- Longer Lines, Fuller Carts This Black Friday
- Halftime Report: Dubai - First Ripple Of Larger Crisis?
- Dubai Spooks Investors But May Bring Buying Opportunity
- Next Week: Cash In Now Or Wait For A Santa Rally?
- Commodities Hammered as Investors Flee to US Dollars
- U.S. Stocks Fall on Dubai Worries
- Black Friday at Best Buy
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Longer Lines, Fuller Carts This Black Friday
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Obama's Emission Reduction Pledge Paints Future for Autos
- Is Super Bowl Halftime Act Too Old?
- Surprising Options Trades in TiVo Shares
- EA Sports Hopes to Pump Up Sales Through Pop-Up Locations
- Global Selloff From Dubai Shows Signs of Winding Down
- Dubai Stock Selloff May Bring Buying Opportunity
- Longer Lines, Fuller Carts This Black Friday
- Tiger Woods Out of Hospital After Accident
- Dubai Fallout Is a Correction, Not Another Crisis: El-Erian
- Dubai's Debt Woes Signal New Era for Creditors
- Get Paid Six Figures to Wear a T-Shirt?
- The World's Biggest Debtor Nations
- Five Tips for Buying a Foreclosed Home
More Videos
Trader Talk
Text Size 
Banks sold off at the close yesterday on increasing stress over the stress test.
In case you're not paying attention, no one is exactly clear what is going to happen because they are still deciding; as a result, there are lots of leaks and erroneous interpretations of what might be coming.
The only good news is that this speculation, like speculation on the fate of GM and Chrysler, will be over very soon.
The Street is expecting the Treasury Departmnet to release a White Paper this Friday that will describe the methodology behind the test. Conclusions will be announced May 4th, during which time we can expect lots of leaks about the food fight going on between the banks and the regulators.
What is still not clear is how much of this information will be communicated to the public.
Elsewhere:
1) UPS announcing first quarter earnings below expectations, $0.52 vs. $0.56, revenues also a bit light. This occurred despite the fact that DHL exited the business as a major competitor; volume per day declined 4.3 percent; revenue per piece declined 15.3 percent because average package weight declined.
Second quarter guidance of $0.45-$0.55 vs. Street expectations of $0.65. "Economic indicators tell us recovery in the U.S. might begin late this year, but more likely not until 2010," said Kurt Kuehn, UPS' CFO.
2) Earnings from Apple a thing of beauty: handily beats earnings estimates, and look at the future: a new operating system coming, new phones, the iPod Touch combined with WiFi, all point toward the future: mobile computing platforms. And Apple will dominate.
3) Defense contractor Raytheon beat on top and bottom line (revenues grew 10 percent), more importantly management raised 2009 guidance $0.10 to $4.55-4.70, at the midpoint of consensus of $4.62.
4) Autonation's up 8 percent, profit fell almost 32 percent to $0.23, but still topped the street estimate of $0.16. America's largest auto retailer cited weaker than expected demand for vehicles in the quarter but CEO Mike Jackson agrees with industry projections that sales rates will improve in the second half of the year.
5)Black and Decker reported earnings of $0.08, in line with expectations, but that was 93 percent below earnings for the same period last year. They lowered their full year earnings outlook to $1.50-$1.90 from $1.75 to $2.25. They expect weak demand seen in the first quarter to continue.
6) Marriott reported earnings above expectations, but full year guidance is being taken down a bit.
_____________________________
_____________________________
LATEST FROM TRADER TALK
Questions? Comments?
POPULAR TRADER TALK POSTS
- 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
- Light Volume Has Traders Complaining
- Gold Shatters Another Record
- Have Retailers Reached Their Limits?
- The Retail Mind Game
Data is a real-time snapshot *Data is delayed at least 15 minutes