FeedPosted Mar 17th 2010 6:00PM by Michael Fowlkes (RSS feed)
Filed under: After the Bell, Major Movement, International Markets, Earnings Reports, Forecasts, Good news, China, Market Matters, NIKE, Inc'B' (NKE), Japan
Shares of athletic giant Nike, Inc. (
NKE) are up over 3% in after hours trading after the company posted
better than expected earnings for its fiscal third quarter this afternoon.
As we noted in our
earnings preview last night, analysts had forecast earnings of $0.89 per share for the quarter. Fueled by a 7% increase in sales during the quarter, Nike was able to outpace estimates and earn $1.01 per share. This marks the 11th straight quarter that Nike has been able to post better than expected quarterly earnings.
Continue reading Nike Jumps Following Strong Earnings Report
Posted Mar 16th 2010 6:30PM by Michael Fowlkes (RSS feed)
Filed under: After the Bell, Earnings Reports, Forecasts, Market Matters, Scandals, NIKE, Inc'B' (NKE), Recession
Athletic foot ware and accessories giant Nike Inc. (
NKE) will be reporting its
fiscal third quarter results tomorrow after the market closes.
Going into tomorrow's earnings report, analysts are expecting the company to report $0.88 per share, down 11.1% from the same period last year.
The economic downturn hit the company's sales, but last quarter it stated that it was starting to see a turnaround in sales and consumer sentiment. Wall Street will be looking for further signs that sales are starting to improve for company.
Continue reading Nike Third Quarter Earnings Preview
Posted Mar 3rd 2010 4:20PM by Jon Ogg (RSS feed)
Filed under: After the Bell, Earnings Reports, Pfizer (PFE), Netflix, Inc. (NFLX), RadioShack Corp (RSH)
Today started out strong on news of the Greek austerity plans, but the markets managed to give back most of the gains. The jobs data this morning was anemic, but offered some hope, and the ISM services data was promising. Even the Beige Book looked more positive than before with low inflation worries. Yet traders sold the market after President Obama talked health care reform again. Today was a mini-bull that got away.
Here are today's unofficial closing bell levels:
DJIA: 10,396.76 (-0.09%)
S&P500: 1,118.79 (+0.04%)
NASDAQ: 2,280.68 (0%)
Top Analyst Upgrades and Downgrades
Top Stock Market RumorsContinue reading Closing Bell: The One That Got Away (RSH, NFLX, BIG, HOV, MDVN, PFE)
Posted Feb 22nd 2010 4:00PM by Douglas McIntyre (RSS feed)
Filed under: After the Bell, Schlumberger Limited (SLB), Amer Intl Group (AIG), S and P 500, DJIA, NASDAQ
The market slipped in and out of a stupor today as traders tried to decide whether the new $980 billion health care reform bill will help or hurt the economy if it passes.
Today's unofficial closing numbers:
Dow 10,382.63 -19.72 (-0.19%)
S&P 500 1,108.01 -1.16 (-0.10%)
Nasdaq 2,242.03 -1.84 (-0.08%)
Continue reading Closing Bell: Stumbling About (AIG, SII, SLB XNPT)
Posted Jan 20th 2010 1:30PM by Brent Archer (RSS feed)
Filed under: After the Bell, Earnings Reports, Bad News, Options, Technical Analysis
CSX (
CSX -
option chain) stock is trading lower today after
the railroad operator reported earnings last night, posting a fourth-quarter profit of $305 million, or 77 cents per share, on revenue of $2.30 billion. While the company beat analysts' profit forecasts of 76 cents per share, CSX missed revenue estimates of $2.39 billion. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on GE.
This morning, CSX opened at $48.09. So far today the stock has hit a high of $48.12 and a low of $46.37. As of 11:55, CSX is trading at $47.05, down $3.45 (-6.9%). The chart for CSX looks bullish and
S&P gives CSX a positive 4 STARS (out of 5) buy ranking.
Continue reading CSX Drops On Missed Q4 Revenue
Posted Dec 29th 2009 4:20PM by Douglas McIntyre (RSS feed)
Filed under: After the Bell, Apple Inc (AAPL), Nokia Corp. (NOK), Oil, S and P 500, DJIA, Housing, NASDAQ
The DJIA has not moved much since mid-month and today was no exception with all three major indexes close to flat.
The Conference Board said that its Consumer Confidence Index rose to 52.9 for December, up from up from 50.6 in November. Both numbers are extremely low compared to a reading of closer to 90 in an expanding economy. The S&P/Case-Shiller index of home price rose a tiny .4% from September to October, but the most recent figure for the housing market was still down 7.3% from last year. Housing prices may be about to find a bottom, but, if so, the case for it is still shaky.
The unofficial closing bell numbers:
Dow 10,545.41 -1.67 (-0.02%)
S&P 500 1,126.19 -1.59 (-0.14%)
Nasdaq 2,288.40 -2.68 (-0.12%)
Continue reading Closing bell: Market Lacks Conviction, Again (AAPL, NOK)
Posted Dec 22nd 2009 4:40PM by Douglas McIntyre (RSS feed)
Filed under: After the Bell, Apple Inc (AAPL), Citigroup Inc. (C), S and P 500, DJIA, NASDAQ
The market should have focused on the downward revision of Q3 GDP to 2.2%. When the benefits of "cash for clunkers" is taken out, the economy barely grew at all.
Stocks ended up being driven by good housing sales figures which were up 7.4% for November and equities were up for a third consecutive day. The market's movement between now and the end of the year will probably be driven by retail sales numbers, but there were few of those today.
The unofficial closing numbers:
Dow 10,464.93 +50.79 (0.49%)
S&P 500 1,118.02 +3.97 (0.36%)
Nasdaq 2,252.67 +15.01 (0.67%)
Continue reading Closing Bell: Up on Bad News (C, AAPL)
Posted Dec 17th 2009 6:00PM by Michael Fowlkes (RSS feed)
Filed under: After the Bell, Major Movement, Earnings Reports, Forecasts, Good news, Market Matters, NIKE, Inc'B' (NKE), Recession, Financial Crisis
Shares of athletic giant Nike, Inc. (
NKE) are trading sharply higher after hours, following reporting
better than expected earnings for its fiscal second quarter.
As we noted in
our earnings preview, analysts had been expecting the company to show earnings of 71 cents per share, but the company outpaced these estimates with a reported 76 cents during the quarter, on revenues of $4.4 billion.
Continue reading Nike Jumps on Stronger Than Expected Earnings
Posted Dec 14th 2009 4:00PM by Douglas McIntyre (RSS feed)
Filed under: After the Bell, Exxon Mobil (XOM), Citigroup Inc. (C), S and P 500, DJIA, NASDAQ
The markets were slightly up most of the day, but traders seemed to be unsurprised by big news from Dubai and Citi. Many of the "most actives" only moved up or down a percentage point or two. It was not a day in which the market showed any conviction which was surprising given the number of potential catalysts early in the day.
The numbers:
Dow 10,501.43 +29.93 (0.29%)
S&P 500 1,114.10 +7.69 (0.70%)
Nasdaq 2,212.10 +21.79 (0.99%)
Continue reading Closing bell: a lot of news and nothing to show for it (XOM, XTO, C)
Posted Oct 2nd 2009 4:00PM by Douglas McIntyre (RSS feed)
Filed under: After the Bell, Major Movement, Pfizer (PFE), S and P 500, DJIA, NASDAQ
The market opened sharply lower this morning anticipating, perhaps, unemployment data that was worse than the data turned out to be. The September unemployment rate rose to 9.8%, exactly what most observers had been expecting.
T
he markets tried to gain back more than all the early losses, with all three major indexes ending slightly down. Crude oil has fallen below $70/barrel again, and gold has broken through $1,000/oz again. It could just be the case that the nearly 60% run-up since March in the S&P 500 was just wishful thinking that the economy was turning around and that consumer spending would would tick up as things improved. That thinking has not been borne out yet, so markets are likely to wobble around until the consumer decides what to do -- save or spend. The holiday season could write the ending to the story.
Here are todays unofficial closing numbers:
Dow 9,487.37 -21.91 (-0.23%)
S&P 500 1,025.18 -4.67 (-0.45%)
Nasdaq 2,048.11 -9.37 (-0.46%)
Continue reading Closing Bell: Too much, too soon? (FSLR, YONG, ETRM, PFE & MGM)
Posted Sep 29th 2009 4:00PM by Douglas McIntyre (RSS feed)
Filed under: After the Bell, Major Movement, Citigroup Inc. (C), Bank of America (BAC), CIT Group (CIT), Research in Motion (RIMM), Xerox Corp (XRX), S and P 500, DJIA, NASDAQ
Out of the chute this morning, the S&P/Case-Shiller index rose 1.2% in July and gave the market a nice uptick for a while. Then came the report from the Conference Board that its consumer confidence index for September fell to 53.1 from 54.5 in August. What was worse is that economists had estimated a rise to 57 for the month. The soft confidence number is almost certainly due to people worried about losing their jobs. Right now, it could be that traders are waiting for Friday's unemployment report before jumping one way or the other. The negative news won out and the indexes traded down most of the day.
The numbers:
Dow
S&P 500
Nasdaq
Continue reading Closing Bell: Housing, consumer confidence deliver lukewarm trading (CIT, C, BAC, ACS, XRX, SQNM & RIMM)
Posted Sep 25th 2009 4:08PM by Douglas McIntyre (RSS feed)
Filed under: After the Bell, Major Movement, Apple Inc (AAPL), Research in Motion (RIMM), AMR Corp (AMR), UAL Corp (UAUA), S and P 500, DJIA, NASDAQ
Bad housing numbers did not do much to hurt the market yesterday and good consumer sentiment figures did not help today. The Reuters/University of Michigan poll for late September yielded a figure of 73.5. That is the highest number since early in 2008. The data may mean that consumers believe the recession is over. Traders did not appear to be heartened, and a poor report on durable goods had the prevailing effect on trading all day. The Commerce Department said orders for goods expected to last at least three years fell 2.4%.
Here are the unofficial numbers:
DJIA: 9666.48 -40.96 (-0.42%)
NASDAQ: 2090.92 -16.69 (-0.79%)
S&P 500: 1044.44 -6.34 (-0.6%)
Continue reading Closing bell: No spark from consumer sentiment (RIMM, AAPL, UAUA, AMR)
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