Quantum Wealth Creation

Defying the expectations of many, Zynga Inc. (ZNGA – 7.17) has not benefitted from the Facebook (FB – 38.69) hubbub today but has instead taken a header. In midday trading, shares of the social-gaming czar are down 13% at a new all-time low. Traders are currently restricted from shorting ZNGA shares, so bearish investors wanting [...]

[Read more →]

First Solar, Inc. (FSLR – 14.49) has slumped on the charts this year, surrendering roughly 58% beneath its 10-week and 20-week moving averages. In fact, the solar stock tagged a new all-time low of $13.75 just yesterday. What’s more, it appears at least one options speculator is betting on an extended retreat for FSLR in [...]

[Read more →]

11:25 AM New York – CA fourth quarter net gained 13% to $211 million and Copano Energy first quarter net loss widened to $147.7 million. JPMorgan dropped 7% after $2 billion loss linked to derivatives trading. Nvidia first quarter net declined 55% to $60.4 million. Nordstrom first quarter net rose 3% to $149 million. CA, [...]

[Read more →]

11:25 AM New York – Deere Co. second quarter net soared 17% to $1.06 billion. J. C. Penney first quarter net swung to $163 million loss. Staples first quarter net slipped 6% to $187 million and Target first quarter net rose 1.2% to $697 million and raised the outlook. Abercrombie Fitch Co. (ANF) declined 11.2% [...]

[Read more →]

The master of the easy button, Staples (SPLS – 14.95), is hoping to have an easy time of it tomorrow morning when the company reports first-quarter earnings. The consensus estimate is for per-share results of 30 cents, a two-cent improvement from the year-ago figure. SPLS last reported on Feb. 29, beating analysts’ estimates by a [...]

[Read more →]

11:25 AM New York – Broadcom first quarter net tumbled 61% and CBS Corp. net surged 80% as licensing fee rose. Comcast first quarter net surged 30% to $1.22 billion. MasterCard first quarter net surged 21% to $682 million. Time Warner first quarter net fell 11% to $583 million. Broadcom Corp (BRCM) fell 30 cents [...]

[Read more →]

Amazon shares spike nearly 15% on 34% revenue increase Amazon reported a 34% quarterly revenue increase from a year earlier, well above the most optimistic Wall Street forecasts, sending the company’s share price up nearly 15% in after-hours trading. The company said it had earnings per share of 28 cents for the quarter, compared with [...]

[Read more →]

Options are unusually active today on Starbucks Corporation (SBUX – 59.63), with roughly 30,000 calls and puts crossing the tape so far — already outstripping the equity’s average daily volume of about 24,000 contracts. Traders have taken a shine to call options, in particular, with roughly 23,000 of these contracts changing hands. The center of [...]

[Read more →]

11:25 AM New York – BE Aerospace first quarter net surged 37% and reaffirmed 2012 outlook. ConocoPhillips net fell on weak production. Hasbro swung to first quarter net loss on weak sales in North America. Kellogg lowered full year outlook. Xerox quarterly net fell to $269 million. BE Aerospace, Inc. (BEAV) gained 3.7% or $1.70 [...]

[Read more →]

11:25 AM New York – Bank of America first quarter net declined 68% to $653 million. DuPont reaffirmed full year earnings outlook. Morgan Stanley first quarter net swung to $119 million loss. Verizon first quarter net soared 19% to $3.9 billion. Yum! Brands first quarter net surged 73% to $458 million. American Express Company (AXP) [...]

[Read more →]