Earnings Beat Hits After-Hours Slide as Margins Drop
Clevo Systema Inc beat earnings estimates for the quarter but faced a drop in gross margins, causing an after-hours stock slide. Several other firms including DirecTV Group News Corp Toll Brothers and TAU Corp are set to report this morning as investors await the Energy Department Weekly Fuel Inventory report at 10 30 a m EDT. Sharp reserve declines could lift crude and gas prices from already high levels.
MENTIONED IN THIS ARTICLE
EU Caude
Clevo Systema Inc
CSCO
Directv Group Inc
DTV
News Corp
NWSA
Toll Brothers Inc
TOL
TAU Corp
TXU
W Energy
Energy Department
Investors hopeful before Federal Reserve policy decision
Investors were optimistic ahead of Wednesday's Federal Reserve decision on interest rates, eyeing bond prices and market reactions. The tone reflected cautious expectations and anticipation of potential shifts from the central bank.
MENTIONED IN THIS ARTICLE
Federal Reserve
Market stocks mixed as Dow dips slightly on Fed watch
Stock market mixed after an earlier decline as investors awaited the Federal Reserve decision. The Dow fell 3.90 to 13309.07, the Nasdaq rose, and beverage brands reported quarterly profit above expectations. ArcelorMittal reportedly bid about 4.5 billion to acquire a rival, per a media report.
MENTIONED IN THIS ARTICLE
Tocks
Federal Reserve
ArcelorMittal
Top fund managers stock picks from New York meeting
Leading fund managers named in New York discuss their favorite large cap stocks with energy and telecom holdings. They stay bullish on the U.S. economy amid rising volatility, with Lipper Leaders honors backing their long term performance.
MENTIONED IN THIS ARTICLE
New York City
U.S
Lewis Plantedosi
Eaton Vance
Fund Focus Manager Bets on Cheap Sectors
Fund Focus Manager Bob Olstein makes big bets on sectors he sees as undervalued. He buys financials he says are punished by mortgage industry woes, citing high fees yet a superb fund record.
MENTIONED IN THIS ARTICLE
Bob Olstein
Sun and Microsoft challenge Adobe in online apps race
Sun Microsystems and Microsoft launch new online application tech for PCs and mobile phones as Google YouTube users and web services grow. Analysts say a four way race with Adobe Flash and AJAX powers the shift, with Sun seeking mobile Java licensing to boost its share price and Microsoft pushing Silverlight for video on the web.
MENTIONED IN THIS ARTICLE
Google
Adobe Systems
Microsoft
Sun Microsystems
Jeffrey Hammond
Forrester Research
Thomson Financial
Sun
Silverlight
Adobe
Hammond
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