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Wednesday, July 23, 2008 --- 81 days ago http://www.bloggingstocks.com/2008/07/23/before-the-bell-cost-yhoo-wm-ba-pep-pfe
 Filed under: Before the bell , Earnings reports , Analyst reports , Analyst upgrades and downgrades , Deals , Google (GOOG) , Yahoo! (YHOO) , Pfizer (PFE) , PepsiCo (PEP) , Amazon.com (AMZN) , McDonald's (MCD) , AT and T (T) , Anheuser-Busch Cos (BUD) , Boeing Co (BA) , ConocoPhillips (COP) , Costco Wholesale (COST) , Washington Mutual (WM) Stock futures were higher this morning, indicating stocks could have a positive start to the session as oil prices continued to decline, sinking below $127 a barrel. Weekly inventories numbers reported later today could have an impact on oil prices. Then there is continued optimism in the financial sector, which caused the rally Tuesday. Also, a bill aimed at helping the housing market will reach the House floor. But once again earnings will likely have investors' attention with Costco already giving a profit warning. Costco Wholesale Corp. (NASDAQ: COST ) shares are plunging over 8% in premarket trading after the wholesale retailer warned its August-ending quarter's profit would miss analyst estimates. This is most surprising as Costco had been one of the retailer that seemed to have benefited from consumers trying to save and buy lower-cost items. But Costco blamed the lower profit on rising energy costs, saying it will earn less than $1 per share. Washington Mutual Inc. (NYSE: WM ) late Tuesday reported second-quarter results , posting a loss of $3.3 billion, was worse than analysts had anti ... |
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