Despite the first decline in german Investor Confidence in about six months. The roadmap begins with a slew of bigname earnings, verizon, j j and travelers and delta beating estimates well break down the quarters of each. Taking a large position in dow chemical calling for a Strategic Review. And attention Business Travelers the eastern half of the u. S. Bracing for another big snowstorm and biting cold, well get into that, but first, its a big morning for earnings. Three dow components in the mix, verizon and j j and travelers beating the streets with their quarterly results. Outside of the dow Delta Air Lines did also exceed consensus with profit of 65 cents a share helped by lower fuel costs. Lets go through the big dow names. Bus unlike last week unlike last week almost uniformly good. I like what verizon had to say, buzzing about it with david beforehand. I like the earnings per share. I really like the Revenue Growth. I like the churn. There was a discussion about churn. Still be
Setting up for pretty nasty open. At least if youre long at this point. Look at the tenyear. Thats become an important oh, its always important but its become perhaps important again to whats going on in terms of trading and the view of the overall equity markets rising to twoyear highs after weekly jobless claims fell to levels not seen since october of 07. Yes that is a good thing. In fact, you could argue thats even a good thing, too. Lets get to the road map. It starts with the major indices in the red. Investors wondering whether we were in taper territory as two dow components red on the market. One is walmart. Shares rolling back today after the retail giant cuts the fullyear forecast citing tightened Consumer Spending and payroll tax increase. Another dow component deep in the red today as well is going to be cisco. Company cutting 4,000 jobs despite an increase in profits that is sending the stock down sharply in premarket trading. And organic food maker annie is up 40 out per
The proof. We will step inside of the wooden caps on. Interior this thing is built to survive a tidal wave. We will kick it off with what everyone is talking about, bill ackman. The combined is a much Better Business than it was separated. We have committed a large amount of capital to this entity. With a contractual requirement for at least one year. We intend to own it for longer than that. In this transaction when they deal gets done, when deal 2, 3, 4 from here. Bill ackman, you know him as the founder and ceo of Pershing Square capital management. Taking on Companies Like herbalife. Now he is playing dealmaker. Just remind me, what does allergan actually do . Today i got back into my favorite jeans. I had a really good hair day. I found some great shoes on retail. I asked my doctor about botox cosmetic. Thats right, they are the maker of botox. They accounted for about one third of the companys sales last year. Valiant has had a focus on generic drugs, but they are expanding into
Interior this thing is built to survive a tidal wave. We will kick it off with what everyone is talking about, bill ackman. The combined is a much Better Business than it was separated. We have committed a large amount of capital to this entity. With a contractual requirement for at least one year. We intend to own it for longer than that. In this transaction when they deal gets done, when deal 2, 3, 4 from here. Bill ackman, you know him as the founder and ceo of Pershing Square capital management. Taking on Companies Like herbalife. Now he is playing dealmaker. Just remind me, what does allergan actually do . Today i got back into my favorite jeans. I had a really good hair day. I found some great shoes on retail. I asked my doctor about botox cosmetic. Thats right, they are the maker of botox. They accounted for about one third of the companys sales last year. Valiant has had a focus on generic drugs, but they are expanding into specialty medicines. The ceo took the helm and spent 1
A miss for mcdonalds, citing exchange rates, weak consumer spending. Well break it down. Its not fun and games d. Gas price is spiking 12 cents. And steven cohen officially charged by the s. E. C. Well have the details on what it means for s. A. C. Capital. Mcdonalds earned 1. 38 a share, revenues also missed. Global comps up 1 , including gains in the u. S. , but samestore sales fell in both europe and the asia pacific, middle east, africa region. Saying the Economic Uncertainty is pressuring quiter spending. Guys, it looked like june comps slipped a bit, something that janney highlighted. That was a good call. If you go back over how some others are doing, yum believe it or not doing better than mcdonalds in the united states, overseas, chipotle, spoke with jack hartung, the cfo on friday, theyre seeing an acceleration of samestore sales. Obviously they have this move with integrity campaign, people feel good about getting away from the idea of the food chain. I expected better from