Tag: ceo

Celgene (CELG): A Biotech Takeover Target?

Filed in Bank Gold, ceo, earnings, jp morgan, o, revenue, target by on February 15, 2011 0 Comments
Celgene (CELG): A Biotech Takeover Target?

Filed under: Newsletters , Stocks to Buy “As tradition holds, Celgene ( CELG ) gave the first presentation at the recent 29th JP Morgan Healthcare Conference, where CEO Bog Hugin focused on Celgene’s ongoing plans to become a world-wide company and expansion into global markets,” reports John McCamant . The biotech specialist and editor of The Medical Technology Stock Letter explains, “They expect 2011 to be the first year where the company earns a majority of sales outside the U.S. The company is currently conducting 25 Phase III trials on its various drugs. “Celgene also announced 4th quarter 2010 earnings last week, and revenue was down 16%, mostly based on costs incurred due to the Abraxis acquisition. Continue reading Celgene (CELG): A Biotech Takeover Target? Celgene (CELG): A Biotech Takeover Target? originally appeared on BloggingStocks on Tue, 15 Feb 2011 13:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Mattel Raises Dividend 11% as Q4 Profit Beats View (MAT)

Filed in ceo, dividend, Gold, o, revenue, shares by on February 2, 2011 0 Comments

Toymaker Mattel, Inc. ( MAT ) on Wednesday said its fourth quarter profit fell 1% from last year, but its results beat analyst expectations and it boosted its quarterly dividend payout. The El Segundo, CA-based company reported fourth quarter net income of $325.2 million, or 89 cents per share, compared with $328.4 million, also 89 cents per share, in the year-ago period. Net sales rose about 9% from last year to $2.12 billion. On average, Wall Street analysts expected a smaller profit of 86 cents per share, on lower revenue of $2.09 billion. Mattel’s board of directors also authorized an 11% hike in its quarterly dividend payout, to 23 cents per share. CEO Robert A. Eckert commented, “Our priority for 2011 is to accelerate our performance by inculcating our new vision and implementing a new organizational structure; uncovering the next layer of cost cutting opportunities; generating significant cash flow; and deploying capital in a disciplined and opportunistic manner.” Mattel shares rose 36 cents, or +1.5%, in premarket trading Wednesday. The Bottom Line We have been recommending shares of Mattel ( MAT ) since Sept.2, 2009, when the stock was trading at $17.61. The company will now have a dividend payout of 3.81%, based on the higher dividend payout, and last night’s closing stock price of $24.15. Mattel, Inc. ( MAT ) is a “Recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Market Wrap-Up for Jan.24 (MCD, RSH, HAL, CLF, JCP, more)

Filed in ceo, dividend, downgrade, earnings, Gold Investing, lead, Lear, o, Rio Tinto, shares, upgrade by on January 24, 2011 0 Comments

Let me just start by saying it was a tough night trying to get to sleep after watching the Jets nearly make it all the way back from the hole they put themselves in against the Steelers yesterday. It was an exciting year, but once again the team falls short. One day, the Jets will win it all again (as will every team at some point). Good luck to the Steelers (sold this stock too early as I was a fan in my younger days – still enjoyed watching them win their first four Super Bowls – and Packers!) The Super Bowl should certainly be an outstanding match-up. In investing, you can always dig yourself out of a hole, as long as the hole doesn’t swallow up your entire portfolio. What I mean is you should never put all your eggs in one or two baskets. It’s easy to say “I should have just owned Stock XYZ” in hindsight. Unfortunately I have seen too many cases where investors pick the wrong “horse” or couple of “horses” to bet on — sometimes this practice is done in one’s 401k regarding their employer’s stock. How many millions were lost in stocks like Enron, Lucent, Nortel, etc, when these stocks tumbled and never bounced back? One thing is always for certain: companies’ fortunes change at one point or another, but if an investor doesn’t accept the fact it may be time to ring the register and sell, the inherent risk to one’s nest egg increases dramatically. Even if you take a decent-sized loss and don’t stick to my 25% off the 52-week high” checkpoint, you can easily recoup those losses by getting back to the investing basics and put your money to work in quality dividend-paying stocks over the next several years. It never makes sense to give up on the markets, despite the magnitude any correction has on your portfolio. I can’t stress enough that if you adopt a sell discipline for your portfolio, you will always have a portfolio that will be performing at or better than most money managers in the business today. Just before we take a look at today’s action, I just wanted to remind everyone to check out today’s new recommendations if you did not read the alert we sent out earlier. As we start another busy week of earnings, the markets got off to a solid start. Halliburton ( HAL ) and McDonald’s ( MCD ) closed with minors following both companies’ earnings reports. J.C. Penney ( JCP ) had a good day following some new board members coming on board, as speculation of a potential sale makes the rounds. On the flipside, Radioshack ( RSH ) shares got hurt on news the CEO will be stepping down in May. Commodity names are bouncing following the recent selling. Cliffs Natural Resources ( CLF ) and Rio Tinto ( RTP ) paced the gains. I wanted to go over some investing strategy one-liners that were highlighted on my friend and respected market-watcher Charles Kirk’s “Kirk Report”. Investing Strategy #1 – “Keep it…

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Schlumberger Sees Increasing Demand, Global Opportunities for Drilling

Filed in ceo, earnings, o, revenue, South African Gold, ubs by on January 24, 2011 0 Comments
Schlumberger Sees Increasing Demand, Global Opportunities for Drilling

Filed under: Earnings Reports , Schlumberger Limited (SLB) , Oil On Friday, oil field giant Schlumberger ( SLB ) posted a 31% profit for the fourth quarter, as reported in the Wall Street Journal (subscription required). Earnings rose to $1.04 billion, or 76 cents per share, from $795 million, or 65 cents per share, a year ago.The acquisition of Smith International contributed revenue of $2.49 billion and earnings of $275 million in the quarter. CEO Andrew Gould said that an increase in global demand should drive growth in deepwater drilling around the world and revive onshore activity. Continue reading Schlumberger Sees Increasing Demand, Global Opportunities for Drilling Schlumberger Sees Increasing Demand, Global Opportunities for Drilling originally appeared on BloggingStocks on Mon, 24 Jan 2011 09:30:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Morgan Stanley’s Q4 Profit Surges 88%, Beating Estimates (MS)

Filed in ceo, dividend, Gold, lead, morgan-stanley, o, revenue, shares by on January 20, 2011 0 Comments

Financial services giant Morgan Stanley ( MS ) on Thursday said its fourth quarter profit jumped 88% from last year on higher revenue, surpassing analyst estimates. The New York-based company reported fourth quarter net income of $867 million, or 41 cents per share, compared with $460 million, or 29 cents per share, in the year-ago period. Revenue rose 14% from last year to $7.8 billion. On average, Wall Street analysts expected a slightly smaller profit of 40 cents per share, on smaller revenue of $7.4 billion. CEO James Gorman commented, “Despite this year’s challenging markets, we delivered strong results in investment banking enhancing our leadership positions in M&A, global equity and IPOs based on the strength of our banking, capital markets and equities teams.” Morgan Stanley shares rose 47 cents, or +1.7%, in premarket trading Thursday. The Bottom Line Shares of Morgan Stanley ( MS ) have a .72% dividend yield, based on last night’s closing stock price of $27.75. The stock has technical support in the $24-$25 price area. If the shares can firm up, we see overhead resistance around the $29-$30 price levels. Morgan Stanley ( MS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Use Apple Weakness to Buy More

Filed in Apple, BP, ceo, GOld juniors, Gold Market, Lear, o, shares by on January 17, 2011 0 Comments

It seems every time Steve Jobs’ health concerns take center stage, investors get a bit worried… and take the stock down. Will it happen this time, even though Steve Jobs remains CEO? It has yet to be seen. But I’d be a buyer on any weakness. Because, just as we’ve seen before, any good Jobs’ news is met with higher Apple shares. Still, we’re a bit concerned for the man who has become legend. Get well, Mr. Jobs. We’re pulling for you… Here, according to Zero Hedge, is what Jobs sent employee s. Team, At my request, the board of directors has granted me a medical leave of absence so I can focus on my health. I will continue as CEO and be involved in major strategic decisions for the company. I have asked Tim Cook to be responsible for all of Apple’s day to day operations. I have great confidence that Tim and the rest of the executive management team will do a terrific job executing the exciting plans we have in place for 2011. I love Apple so much and hope to be back as soon as I can. In the meantime, my family and I would deeply appreciate respect for our privacy. Steve But here’s why some are a bit concerned. While PR consultants have probably advised Apple not to go into further detail about this medical leave, Jobs did say “I love Apple so much and hope to be back as soon as I can.” The last time he gave a heartfelt tone like that was the last time he went on leave, according to Business Insider. Team, I am sure all of you saw my letter last week sharing something very personal with the Apple community. Unfortunately, the curiosity over my personal health continues to be a distraction not only for me and my family, but everyone else at Apple as well. In addition, during the past week I have learned that my health-related issues are more complex than I originally thought. In order to take myself out of the limelight and focus on my health, and to allow everyone at Apple to focus on delivering extraordinary products, I have decided to take a medical leave of absence until the end of June. I have asked Tim Cook to be responsible for Apple’s day to day operations, and I know he and the rest of the executive management team will do a great job. As CEO, I plan to remain involved in major strategic decisions while I am out. Our board of directors fully supports this plan. I look forward

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Dividend.com Daily Newsletter (AAPL, more) – Jan.17

Filed in Apple, ceo, dividend, Gold Investing, Lear, o, shares, ubs by on January 17, 2011 0 Comments

The markets are closed today, but I wanted to spend some time talking about investing in general and some great ways one can clear the path for a substantial nest egg. For anyone that has not signed up for our free daily newsletter, here is a look at what went out today. One of the things that hold many people back in life is the fear of failure. It affects decisions we make every day from our careers to how we invest. I always believe that if you put together a game plan where the risk/reward is in your favor, over time, you will start to put together many little wins that can soon add up to big wins. Making last-minute decisions and spur-of-the-moment calls can sometimes get you a bit of success, but in the long run, not the best way to approach your goals. Making things automatic is what most people are used to. Corporations love the monthly bank withdrawals for different bills and many push customers to accept that fast payment plan. Why is that? Simply that you don’t have to think twice about remembering to stay timely with your monthly expenses. I think investors should adopt that same mentality when it comes to investing. Set up a system with an online broker to do the same when it comes to your investing. Make a goal to start this each month and get this process underway if you haven’t done so already. Brokers are looking to accommodate anyone that is ready to put their investing dollars to work. Many of the brokers you contact will be super helpful when you call, and don’t be afraid to ask any question you have. No reason to be embarrassed about anything you need to inquire about. Find out what their dividend payout policy is if you want to reinvest your dividends or if you simply want the broker to mail you a monthly dividend check. I talk to people all the time who are in their later years and feel like they may have missed the boat on when they should have been investing. There is simply not time that is too late to start reaping rewards from quality dividend-paying stocks. Think positively and you will see that you should never spend any time thinking about one being too old or not having enough money for investing to making a dent. My goal for Dividend.com and my &#…

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Life According to Apple’s Steve Jobs

Filed in Apple, BP, ceo, E Reader, Gold, GOld juniors, Gold Market, Lear, o by on January 17, 2011 0 Comments
Life According to Apple’s Steve Jobs

I was saddened to hear the news about Steve Jobs this morning. As long time readers know, I think the guy is an absolute rock star in the world of CEO’s. But as you might imagine with the Apple boss, it goes much deeper than that. You see, Steve Jobs also understands life much better than most folks. Not surprisingly, he gets that too. In fact, this is one of the best commencement speeches I have ever heard… As Jobs says: “Your time is limited, so don’t waste it living someone else’s life.” “Don’t be trapped by dogma, which is living with the results of other people’s thinking.” “Don’t let the noise of others’ opinions drown out your own inner voice, heart and intuition. They somehow already know what you truly want to become. Everything else is secondary.” “Stay hungry, stay foolish” Like the company he founded it is about, truth, simplicity, and the freedom to follow your own heart. Godspeed Mr. Jobs…. Related Articles: Apple: Stock of the Year Apple’s Next Evolution Apple Sets its Sights on iSpecs To learn more about Wealth Daily click here Advertisement The Options Guide Your Broker Doesn’t Want You to See… Most people think profiting from options requires years of investment experience or a seasoned stock broker. That’s why people are losing thousands of dollars everyday. Our in-house options expert Ian Cooper has put together a FREE guide detailing an options strategy that’s so easy, he’s calling them “automatic options.” Click here now to gain access to your FREE options trading guide. Life According to Apple’s Steve Jobs originally appeared in Wealth Daily . Wealth Daily is a free daily newsletter featuring contrarian investment insights and commentary.

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Managing multi-speed markets, according to Mohamed El-Erian

Filed in BP, ceo, Debt, economy, Gold Prices, o, pimco by on January 15, 2011 0 Comments

A 2011 market outlook, with Mohamed El-Erian, CEO and co-CIO of Pimco.

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JPMorgan’s Q4 Profit Surges 47%, Beating View (JPM)

Filed in ceo, dividend, Gold Investment, jp morgan, o, revenue, shares by on January 14, 2011 0 Comments

Financial services giant JPMorgan Chase & Co. ( JPM ) on Friday said its fiscal fourth quarter profit rose 47% from last year, beating analyst estimates. The New York-based company reported fiscal fourth quarter net income of $4.8 billion, or $1.12 per share, compared with $3.3 billion, or 74 cents per share, in the year-ago period. Net revenue rose 13% from last year to $26.1 billion. On average, Wall Street analysts had expected a smaller profit of $1 per share on lower revenue of $24.2 billion. CEO Jamie Dimon said in a statement that “Credit trends in our credit-card and wholesale businesses continued to improve,” but that “In our mortgage business, while charge-offs and delinquencies have improved, credit costs still remain at abnormally high levels and continue to be a significant drag on our returns.” JPMorgan shares fell 25 cents, or -0.6%, in premarket trading Friday. The Bottom Line We have been recommending shares of JP Morgan ( JPM ) since Dec.22, 2010, when the stock was trading at $41.00. The company has a .45% dividend yield, based on last night’s closing stock price of $44.45. JPMorgan Chase & Co. ( JPM ) is a “Recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Arch Coal Cuts 2010 Guidance; Shares Fall (ACI)

Filed in ceo, dividend, earnings, Gold Investing, Guidance, o, shares by on January 12, 2011 0 Comments

Coal producer Arch Coal, Inc. ( ACI ) late Tuesday lowered its full-year 2010 earnings guidance, sending its shares lower in aftermarket trading. The company said it now expects adjusted 2010 earnings to range from $1.11 to $1.15 per share, down significantly from its prior guidance of $1.25 to $1.40 per share. On average, Wall Street analysts expect $1.17 per share for the year. CEO Steven F. Leer said that “Lower shipment levels, partially driven by poor Eastern rail service, contributed to the guidance revision for 2010…In addition, the Mountain Laurel operation was impacted in December by geologic challenges, which marginally affected our planned production during the quarter.” Arch Coal shares fell $1.28, or -3.6%, in premarket trading Wednesday. The Bottom Line Shares of Arch Coal ( ACI ) have a 1.13% dividend yield, based on last night’s closing stock price of $35.53. The stock has technical support in the $30-$32 price area. If the shares can firm up, we see overhead resistance around the $40 price level. Arch Coal, Inc. ( ACI ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Bank of America Shares Rise on $2 Billion Home Loan Settlement (BAC)

Banking giant Bank of America Corporation ( BAC ) on Monday announced it will take a nearly $2 billion charge in the fourth quarter related to a home loan buyback settlement. The residential mortgage loans in question were sold to Fannie Mae and Freddie Mac, and were tied to Countrywide Financial Corp. BAC bought Countrywide back in 2008 amid the financial meltdown. The company also said it expects to take a $3 billion loan loss provision in the fourth quarter to protect against future home loan repurchases. CEO Brian Moynihan said “These actions resolve substantial legacy issues in the best interest of our shareholders. Our goals remain the same: put these issues behind us; focus on serving customers and clients; and continue to help distressed homeowners facing difficult times.” Bank of America shares rose 52 cents, or +3.9%, in premarket trading Monday. The Bottom Line Shares of Bank of America ( BAC ) have a .30% dividend yield, based on Friday’s closing stock price of $13.34. The stock has technical support in the $11-$12 price area. If the shares can firm up, we see overhead resistance around the $15-$16 price levels. Bank of America Corporation ( BAC ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a

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