Morgan Stanley Faces Slower Q2 Amid Hedging Losses
Morgan Stanley reports second quarter earnings with profit projections halved by bad hedges and more write-downs on credit and mortgage assets. Wachovia cites potential boost from retail brokerage and commodity trading amid mixed analyst views.
MENTIONED IN THIS ARTICLE
Morgan Stanley
Wachovia
Douglas Lipkin
Lehman Brothers
LEH
Goldman Sachs Group Inc
FedEx earnings outlook amid weak demand and high fuel costs
Investors will watch FedEx Corp for its fourth quarter and full year results as waning demand, a sluggish economy, and high fuel prices press margins. Morgan Keegan analyst Art Hatfield expects a $1.50 per share earnings beat versus $1.90 prior year, while rating remains market performance amid jet fuel pressures. The EIA also reports weekly crude inventories with oil spiking toward record levels and gasoline stocks cited as a weaker half of the usual range.
MENTIONED IN THIS ARTICLE
FedEx Comp
FDX
Morgan Keegan
Art Hatfield
Express
Cride
Energy Information Administration
EIA
Money Markets and Days Totals Report
The fragment lists figures for money market totals and days counts across multiple lines. It shows 1,440 and 1,700 and 4,600, followed by 1,386 and 1,500 and 1,920, with a note of 10 days. The sparse data suggest a financial ledger or report snapshot with incremental totals.
Stocks Fall On Soaring Producer Prices In May
The Labor Department reported the Producer Price Index rose 1.4 percent in May, the largest gain since November, as commodity costs pushed up inflation. The Dow dropped 108.78 points to 12,160.30, a 0.89 percent decline.
MENTIONED IN THIS ARTICLE
Labor Department
Dow
Insiders Show Mixed Confidence Amid Market Doldrums
Wall Street remains fragile as oil price gains and mixed data keep insiders cautious. InsiderScore notes a slight bullish bias with lighter trading volume and no clear direction, though some firms like Wells Fargo report notable insider purchases. Recent buys in First Horizon National, Sterling Financial, and First State Bancorp offer cautious optimism while overall conviction stays muted.
MENTIONED IN THIS ARTICLE
Wall Street
Ben Silverman
InsiderScore
Silverman
TrimTabs
Vincent Deluard
Wells Fargo & Co
WFC
Richard M. Kovacevich
First Horizon National Corp
FHN
Sterling Financial Corp
STSA
First State Bancorp
FSNM
Analysts see rebound in U.S. athletic footwear sales
Analysts predict a later rebound as back-to-school shopping approaches though the market stays tough. NPD data shows a 5 percent drop to 19.1 billion in the year to April 30 with high end sneakers lagging retailers like Finish Line and Foot Locker while casual brands such as Skechers gain.
MENTIONED IN THIS ARTICLE
U.S
NPD Group
Finish Line Inc
FINL
Foot Locker Inc
Skechers Inc
SKX
Susquehanna Financial Group
Christopher Sve Babazia
Foot Locker
Svezia
Mae Anderson
Elizabeth Flach
Bond Prices Rise As May Iron Construction Boosts Bonds
Bond prices climbed and yields fell after new iron construction activity in May suggested stronger demand. Economic weakness further increased bond appeal as investors sought safer assets.
Fidelity Europa FIEUX Blend Growth performance note
FundFocus notes a strategy of holding less in battered financials and more in industrials helping Fidelity Europa outpace about 80 percent of peers this year. Manager frequently bets against the grain, guiding the fund through current market shifts.
MENTIONED IN THIS ARTICLE
Morningstar
Fidelity Europa Fieux
Quotable Captain Blames Fuel Prices on Fishing Trade
Captain William Smith laments high fuel costs harming sport and commercial fishing. He says he is stupid to remain in the business and notes that even selling his boat would not attract buyers. The quote highlights financial strain in maritime livelihoods.
MENTIONED IN THIS ARTICLE
William Smith
Permian Basin Stock Portfolio Summary Snapshot
A dense list of tickers and values across energy and financials sectors. Includes company names such as AT&T, Apple, ExxonMobil, Chevron, GE, IBM, Microsoft, Pfizer, Walmart, and ExxonMbl along with numerous price and change figures. reads like a historical portfolio page with mixed trades, close prices, and percentage moves.
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ADBE
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