Thursday, April 18, 2013

Markets Update - 4:56 PM 4/18/2013

4:56 PM 4/18/2013


Why Stocks Are Falling Hard Again
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For the second day in a row, blue-chip stocks are suffering a triple-digit loss. Here's why.
    


Investors' reaction to IBM earnings could move market - USA Today - USA TODAY
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Newsday

Investors' reaction to IBM earnings could move market - USA Today
USA TODAY
NEW YORK -- Aluminum giant Alcoa gets a lot of ink for kicking off earnings season each quarter and setting the tone for the stock market. But it is actually IBM's results -- and its stock's reaction -- that determine the short-term direction of the broader stock ...
Verizon shines while US stocks slumpFinancial Times
IBM is key indicator for markets during earnings season: BespokeMarketWatch (blog)
Wall St sinks further, uptrend in perilFirstpost
MSN Money -Yahoo! News -WRAL.com
all 8 news articles »
Financial Stocks: Morgan Stanley hurt by weak trading revenue
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Disappointing trading revenue numbers contribute to a 4% drop in the bank’s share price.
   
Look for the Helpers
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This advice came to mind on the heels of the latest Boston Massacre -- the bombing at the finish line at the Boston Marathon.
Boeing Plans to Cut 1700 Engineer Jobs Amid Gap in Work - Bloomberg
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MyNorthwest.com

Boeing Plans to Cut 1700 Engineer Jobs Amid Gap in Work
Bloomberg
Boeing Co. (BA) said it will reduce its engineering workforce by as many as 1,700 positions this year, adding to cuts of as many as 2,300 machinists, amid a gap in work on new plane models. Some of the engineering cuts will be mitigated through attrition and ...
Boeing to cut 1700 engineering jobsChicago Tribune
Boeing sending out first wave of layoff notices FridayMyNorthwest.com
Report: Boeing to lay off as many as 700 engineersQ13 FOX
KING5.com -HeraldNet -StreetInsider.com (subscription)
all 7 news articles »
Apple's Calendar Chaos Trade Of 2013
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Apple's (AAPL) shifting product release cycle has created a high degree of investor uncertainty within the quarterly biased tradition of Wall Street. For a company that attracts more product release hype than any other in the history of planet earth, this shifting product release calendar has caused investors and analysts to be mislead regarding the true state of Apple's financial health. It's a phenomenon unique to Apple because no other company elicits the scope of product release volatility like Apple does. Especially in the most recent upgrade cycle to iPhone 5 in which Apple sold 47.8 million units in the holiday quarter, Apple has demonstrated a one-of-a-kind ability to generate product release hype that remains the envy of all its competition.
Unfortunately for investors, this recent round of hype has not translated into stock returns. The shifting of the product release calendar and its uncertain effect on year over year
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Microsoft CFO exits, profit rises
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SEATTLE (Reuters) - Microsoft Corp said on Thursday Chief Financial Officer Peter Klein was leaving the company, as it struggles with sharply declining personal computer sales and a lukewarm reception for its new Windows 8 operating system.
  
Big Blue Battered: IBM Falls After Missing Earnings Estimates
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IBM's first-quarter profits were up from a year ago, but fell a nickel short of expectations on a per-share basis and the stock was slammed in after-hours trading.
Big Blue Battered: IBM Falls After Missing Earnings Estimates - Forbes
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Big Blue Battered: IBM Falls After Missing Earnings Estimates
Forbes
IBM IBM's first-quarter profits were up from a year ago, but fell a nickel short of expectations on a per-share basis and the stock was slammed in after-hours trading. Big Blue booked net operating income of $3.4 billion, up 3% from the prior year, despite a 5% ...
IBM Corporate Earnings Face Revenue Decline, To Pressure DJIA24/7 Wall St.
IBM Reports 2013 First-Quarter ResultsMarketWatch (press release)
IBM comes up short of Q1 2013 estimates with $23.4B in revenue, EPS of $3.00 ...The Next Web

all 9 news articles »
IBM first-quarter EPS misses Street on weak yen
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(Reuters) - IBM Corp , the world's largest technology services company, reported an increase in first-quarter earnings, but missed estimates due to the depreciation of the Japanese yen.
  
Windows Sales Lift Microsoft Profit
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Microsoft's fiscal third-quarter earnings rose 19% as the software giant's core Windows division reported higher sales, and the company also said Chief Financial Officer Peter Klein will leave at the end of the fiscal year.
Windows 8 lifts Microsoft's profit 19%
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Sales are up, but aren't quite what analysts expected
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Google's Profit Rises 16%
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Google's first-quarter profit improved 16% as the search giant saw strong revenue growth in its core advertising business.
Google earnings top estimates, despite mobile problems
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Mobile continues to be a problem for Google, as the company struggles with how to make money off mobile ads and its Motorola smartphone unit. But the company's first-quarter results still pleased Wall Street.
Google Tops Q1 Profit Expectations As Ad Price Declines Ease
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Is Google getting the hang of mobile advertising? The search giant's ad prices declined again in the first quarter, but only about 4% from the fourth quarter and from a year ago--a markedly lesser rate than previous quarters.
Microsoft Insults Apple and Android
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Microsoft Insults Apple and Android
    


Minor Improvements Will Send This Stock Soaring
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Minor Improvements Will Send This Stock Soaring
    


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Market Snapshot: U.S. stocks slip; eBay, UnitedHealth disappoint
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U.S. stocks fall Thursday as investors react to a wave of earnings, including disappointing results from EBay and UnitedHealth Group.
Google profit rises, beats estimates
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SAN FRANCISCO (MarketWatch) - Google Inc. on Thursday reported a first-quarter profit of $3.35 billion, or $9.94 a share, compared with a profit of $2.89 billion, or $8.75 a share, for the year-earlier period. Adjusted revenue, minus traffic acquisition costs, was $11.01 billion, compared with $8.14 billion in the same quarter the previous year. Adjusted profit was $11.58 a share. Analysts polled by FactSet on average were expecting the Mountain View, Calif.-based company to report a profit of $10.65 a share, on revenue of $11.12 billion.
Morgan Stanley leads retreat by financial stocks
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NEW YORK (MarketWatch) -- Financial stocks closed down on Thursday, led by a 5.4% drop by Morgan Stanley shares after the bank reported first-quarter earnings. The Financial Select Sector SPDR Fund , which tracks financial stocks in the S&P 500 , closed down more than 1%. Bank of America Corp. was down 2.22%, making it the second biggest loser in the Dow Jones Industrial Average . Royal Bank of Scotland Group PLC was down 3.28%, Barclays PLC was down 2.64% and Credit Suisse was down 2%. Goldman Sachs Group Inc. and Citigroup Inc. were down 1.42% at close.
After Hours: Microsoft gains, IBM drops after hours
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Microsoft Corp. rose 1% after hours while International Business Machines Corp. lost nearly 4% at the start of a heavy session of after-hours tech earnings.

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