Bullish Options Bets in Oracle (ORCL)
Oracle Corp. (NASDAQ: ORCL) just had a trader buy 10,000 December $24 calls at the offer, shares recovering off days lows here and $22.75 a big resistance level. Earlier this morning more than 18,000 November $23 calls traded, some closing positions, but indications from order flow show the calls were being bought, many to open. [...]
Freddie Mac Delinquencies Up, Yet Stock Not Down (FRE, FNM)
Freddie Mac (NYSE: FRE) disclosed in an SEC Filing this morning that its mortgage delinquencies continued to rise in September. Both Freddie Mac Fannie Mae (NYSE: FNM) were forced into conservatorship last year by Uncle Sam, and this does not offer much hope of a charge in that status. Freddie disclosed September delinquencies on single-family [...]
Synaptics Touching Traders’ Screen (SYNA)
Synaptics Inc. (NASDAQ: SYNA) is getting a relief rally after beating estimates. Earnings were $0.48 EPS and a 3% revenue gain to $119.6M vs. Thomson Reuters estimates of $0.42 EPS and $116.4 million in revenue. Gross margin of 40.4% was soft with some expecting 40.5% or 40.6%. The company talked up its opportunities and production. [...]
Broadcom Misses the Rally (BRCM)
Broadcom Corp. (NASDAQ: BRCM) is sitting on the sidelines of the market rally in tech stocks that beat earnings. The communication chip maker posted earnings of $0.40 in non-GAAP EPS (was $0.16 in GAAP EPS) and a 20% revenue jump sequentially and 3.4% lower than a year ago to $1.254 billion. Thomson Reuters estimates [...]
Microsoft Soaring to 52-Week Highs (MSFT)
Microsoft Corporation (NASDAQ: MSFT) is soaring to new 52-0week highs. The software giant posted $0.40 EPS on $12.92 billion. These were down from $0.48 EPS and $15.06 billion a year ago but were way above the Thomson Reuters estimates of $0.32 EPS and $12.32 billion in revenues. At 8:37 AM EST we have shares trading [...]
SunPower In Shade (SPWRA, SPWRB)
SunPower Corporation (NASDAQ: SPWRA) closed at $33.30 before its earnings of $0.42 EPS as revenues rose 56% to $466 million vs. Thomson Reuters estimates of $0.40 EPS and $420.1M revenue; Gross margin was down 1.9% at 20.7%. The problem is mixed guidance: $1.15 to $1.25 EPS for 2009 vs. $1.21 consensus on revenues of $1.425 [...]
Amazon.com Hitting New Highs (AMZN)
Amazon.com Inc. (NASDAQ: AMZN) blew through earnings estimates with $0.45 EPS on a 27% revenue gain of $5.45 billiov, Thomson Reuters was at $0.33 EPS and $5.03B in revenues. The guidance was $8.12 to $9.12 billion vs. $8.12 billion estimates. FULL NEWS at 24/7 Wall Street. At 5:26 last night we had shares at $107.56, [...]
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