QuickStockAnalysis.com

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.

Yahoo 1q results beates estimates but shares decline in premarket

Although their net income rose to $542 million or 37 cents a share, exceeding the 29 cents analysts expected, most of their gain came from the IPO (initial public offering) of Alibaba.com, a Chinese e-commerce site ($401 millions). Therefore, results were from exceptional operations, and that´s why investors didn´t were fully satisfied and yahoo share price declined slightly. It seems that this news had no effect on Microsoft´s acquisition.

UPS stock analysis

United Parcel Service (stock quote: UPS), said today that it´s profit rose 7,5% in the 1Q, but they lowered  the outlook for the year as the US economy is faltering. Their results were in accordance with the expectations of 87 cents a share.

Delta stock analysis

Delta Airlines (DAL) also reported their first quarter results, and they said its loss widened to $274 million excluding special items due to fuel costs and market value decline. This loss of 69 cents per share was bigger that the loss of 49 cents expected by analysts. Investors saw that their sales rose, and globally they believe the report was possitive, raising its shares 1,5% in the premarket trading.

Ambac stock analysis

Finally, the bond insuer Ambac (ABK) loss of $6.93 per share, when analysts from Thompson Financial expected a loss of $1.51 per share. Shares are currently falling 20% in the premarket trading. The housing crisis made a big impact on Ambac since their direct mortgage portfolios were severely affected. Moody´s and S&P´s are both considering a downgrade, so Ambac is trying to  raise cash to preserve its financial strength ratings.