 5/10 Good --- f.bloggingstocks.com http://f.bloggingstocks.com/rss.xml
Thursday, July 24, 2008 --- 133 days ago http://www.bloggingstocks.com/2008/07/24/before-the-bell-amzn-f-dow-dai-qcom-mmm
 Filed under: Before the bell , Earnings reports , Analyst reports , Analyst upgrades and downgrades , Law , Amazon.com (AMZN) , DaimlerChrysler (DAI) , Ford Motor (F) , McDonald's (MCD) , AT and T (T) , 3M Corporation (MMM) , Nokia Corp. (NOK) , Boeing Co (BA) , Costco Wholesale (COST) , QUALCOMM Inc (QCOM) , Dow Chemical (DOW) , Lilly (Eli) (LLY) , Economic data Stock futures were mixed Thursday morning, indicating a similar start to U.S. stocks. While the S&P 500 showed weakness ahead of housing data to be released at 10:00 a.m. EDT, the Nasdaq composite was slightly positive after Amazon.com reported strong earnings Wednesday. Investors also braced for Ford's earnings, which indeed posted double the estimated loss. The earnings wave continues. Meanwhile, oil prices edged a little higher , but remained around $124 a barrel. Starting with Ford (NYSE: F ) then, the world's third largest automaker posted (after items) a loss of $1.38 billion , or 62 cents. Analysts surveyed by Bloomberg expected Ford to report a loss of 28 cents a share. The headlines scream of a loss of $8.7 billion though, which includes $8 billion in pretax writedowns of North American plants and assets of Ford Motor Credit Co. Ford also said it will convert three truck factories to produce small cars as rising gasoline prices sap U.S. truck sales. Dow Chemical (NYSE: DOW ) couldn't manage to offset higher costs of energy and raw materials with the recent price ... |
|
|
Anytime
