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Archive for April, 2008

Apr-29-2008

Visa stock analysis and outlook; Mastercard stock analysis

Visa (stock quote: V) posted better than expected results, reporting quarterly income of $314 million, beating analyst expectations. Nevertheless, as the market expected more than Visa could possibly deliver, their price shares falled 6% to 71.00 in the after-hours market.

The potential for slowing growth due to the global slowdown in the economy were enough to drag Visa´s shares down. On Tuesday 29, the premarket was generous to Visa as Mastercard´s great announcement helped investors to recover some confidence in the credit card business, sending Visa shares up to 74.30.

Visa had a slightly lower outlook than expected, as their growth rate will be between 11 and 15%, and not 17% as some analysts predicted.

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Apr-28-2008

Headlines for April 28

Analysts see Microsoft going hostile  for Yahoo 

Most of Wall Street analysts believe Microsoft (stock ticker: MSFT) now faces a drawn-out proxy campaign to win its unsolicited takeover of Yahoo (YHOO), a Reuters poll found. The general view in February when Microsoft announced its offer was that Yahoo! would agree to a friendly merger if Microsoft were to sweeten its bid. Microsoft executives said they will reveal their next move this week.

Market awaits for Visa and Mastercard´s earning annoucement and outlook

Investors seem optimists about the market conditions since Wall Street´s most important indices are in possitive territory. Visa is fluctuating very much, and has lost some momentum. A lot of expectations pressures Visa (V) to report better than expected earnings and a favourable outlook. 

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Apr-27-2008

Economic data indicates contraction but markets up

Wall Street had it second winning week despite the difficult economic data released lately. Although the stock market has gained more than 10% from its worst level at the beginning of March 2008, many investors don´t but this bullish moments since fundamental indicators of the US economy aren´t any better than they where wo months ago.

  • Consumer confidence had its lowest reading since 1982, as the sentiment index fell to 62.6. This reading has been declining every week, not a good sign.
  • Rising food and gas prices make i difficult for population no access them. According to Bush, rebates  going out on Monday April 28 will help people to afford this higher prices.
  • FED may end the rate cuts since inflation is at dangerous levels. Next week investors will know their decesion, but some already expect a slight rate cut that might not come, and that could be negative to the stock market.
  • Microsoft (stock ticker: MSFT) dragged the Nasdaq Index on negative territory after a worst than expected announcement. Despite the outlook for 2009 looks stong, investors punished the near term achievement, taking the share price to 29.83, or 6,2% down.
  • American Express (stock quote: AXP) lifted the market as their stong results made the company´s price gain 6%, helping and increasing the expectation of MasterCard and Visa, whose reports will come out on Monday April 28.
  • Existing home sales also declined, indicating that US is still in recession territory
  • Finally, initial claims unexpectedly declined, sign that investors chose to drag the market up.

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Apr-24-2008

China shares up on tax cuts. Apple mixed.

Chinese shares up on tax cut

Asian stock markets posted mixed results Thursday, although Chinese markets soared after Beijing slashed a tax on share transactions. The tax cut reverses the increase Beijing imposed last year to slow surging stock prices. The Shanghai Composite index climbed as much as 9.6% Thursday before slipping back. Shenzhen’s All Share index jumped 8.5% 

Fitch sees some defaulted bonds recouping 10 cents on dollar 

The expected tide of corporate bankruptcies is expected to leave unsecured bondholders with much less than the historical average recovery of 42 cents on the dollar. Owners of a third of high-yield, high-risk bonds rated B+ or lower may get no more than 10 cents, New York-based Fitch Ratings said. About 22% are likely to get 11 cents to 30 cents.

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Apr-23-2008

April 23 Headlines

Buffett will take a tour to Europe seeking buyout bargains

The billionaire investor Warren Buffett, who manages Berkshire Hathaway Inc, will visit the old continent in the third week of May 2008 to seek potential acquisitions. According to Buffett´s assistant, they will visit Milan, Madrid, and some cities of Germany and Switzerland. They plan to invest apporixmately $50 billion.

US financial companies raise $28 billion

The big financial enterprises have raised more than $28 bn in the stock exchange in the last few days, suggesting that investors may believe that the sector is ready for a strong comeback. Merrill Lynch (stock ticker: MER) raised $7 bn in common stocks, Citigroup (stock quiote: C) $6 bn on preferred share offering, and JP Morgan, Lehman Brothers and Goldman Sachs were the other main beneficiaries.

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Apr-22-2008

Best Stocks to Buy on April 2008

At the middle of the first quarter earning season, we have seen that volatility is the only certain aspect of the New York Stock Exchange (NYSE); General Electric, Nokia, Pfizer and Bank of America reported below expectations dragging the stock market downside.

On the other hand, Google, AT&T, Mc Donald´s, Johnson & Johnson and Coca Cola reported nicely, giving investors a sense of calm as their is still hope for a close bottom.

In the next few days, we see that there are many attractive stocks to be bought with a potential growth of more than 50%! Lets take a look at them and other not so risky ones.

Visa (stock ticker: V) is our favourite stock, as we have been saying since day 1. They are worldwide diversified so the earning announcement on April 28 should be favourable, rasing Visa´s price to $75 in the short run. We also expect visa to hit $100 at mid 2009.

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Apr-21-2008

Bank of America (BAC) 1q 08 earning results

Their report did not meet the analysts´expectations, releasing a profit of 23 cents per share, when experts predicted 41 cents of profits.

Write-downs and credit losses where the main reason of why their profit falls 77% in the first quarter. The bank´s shares are currently strangely raising 19 cents (0.50%) in the pre-market trading.

On other news, attacks in Middle East and Nigeria send oil prices to a record of $117.40. Nigeria is a major supplier of oil to the US, and the attacks since 2006 by the local militant group have cut one quarter of the country´s normal petroleum output.

The company that reported stronger than expected figures was the Dow Jones Index member Merck & Co. (MRK), as their profit almost doubled. Their $1.52 gain per share, when the consensus was 86 cents of profit per share.

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