This one really surprised me. Walmart (WMT) has been benefitting from the recession as consumers trade down. But this morning they reported a 1.9% same store sales drop for the quarter ended July 31, 2009. Does that mean consumers are…
So it seems that we aren’t going to have a second Great Depression after all. What saved us? The answer, basically, is Big Government. …… So what saved us from a full replay of the Great Depression? The answer, almost…
July’s Employment report is the gift that keeps on giving. Nearly every element of it is positive. – Paul Ashworth, Capital Economics More importantly, with the fall off in the pace of job losses appearing to be gaining some traction…
Disney (DIS) after the close today reported a quarter that shows their business under pressure but not collapsing. Overall revenue was down 7% from the year ago period including 2% at their media networks and 9% at parks and resorts. …
UPS (UPS) reported this morning that revenues were off 16.7% in the 2nd quarter on a 4.8% volume decrease in US domestic package shipments and a 7.8% decrease in average US domestic package price. As a result, margins are being…
Heavy machinery maker Caterpillar (CAT) reported earnings this morning before the open. We all know the stuff they make. As such, they are a terrific bellwether for capital spending. They earned 72 cents a share, excluding redundancy costs, on revenue…
Right now being bearish is nothing more than being realistic. – David Hefty, Cornerstone Wealth Management I’ve never heard of David Hefty before but he makes a solid case for a secular bear market. He emphasizes three big problems: resets…
Source: “Sacramento’s wave of lost jobs hits some harder than others”, The Sacramento Bee, July 14, A1
Intel’s second quarter results reflect improving conditions in the PC market segment. – Paul Otellini, CEO, Intel Everybody is gonzo about Intel’s (INTC) second quarter earnings report after today’s close but I just don’t see what’s so great about it. They…
But they should also be prepared to add to the stimulus now that it’s clear that the first round wasn’t big enough. ….. He needs to remind the country that he’s trying to steer the country through a severe economic…