TheStreet Search RSS Feed: Joseph Woelfel

Stocks to Watch: Deere, Target, J.C. Penney (Update 1)

Wed, 16 May 2012 08:13:28 EDT

NEW YORK --

Deere, the farm machinery manufacturer, reported second-quarter earnings of $1.06 billion, or $2.61 a share, up from year-earlier profit of $904.3 million, or $2.12 a share.

Analysts, on average, expected earnings of $2.53 a share. ...

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5 Things You Should Know Before the Stock Market Opens

Wed, 16 May 2012 06:04:04 EDT

NEW YORK (TheStreet) -- U.S. stock futures were pointing lower Wednesday, following European shares to the downside after Greece's political leaders failed to form a coalition government.

Investors in Asia also fretted over the political turmoil in Greece, sending shares lower. Japan's Nikkei 225 index declined 1.5% Wednesday to 8,771.60.

The failure by Greece's leaders to form a new government means new elections must be held in June. ...

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Stocks to Watch: Home Depot, Avon (Update 1)

Tue, 15 May 2012 07:45:41 EDT

NEW YORK -- Dow component Home Depot reported first-quarter earnings of $1 billion, or 68 cents a share, up from year-earlier earnings of $812 million, or 50 cents.

The latest quarter included a gain of 3 cents a share from the termination of a senior secured loan.

The No. 1 home-improvement retailer was expected by analysts to earn 65 cents a share in the first quarter. ...

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5 Things You Should Know Before the Stock Market Opens

Tue, 15 May 2012 06:04:07 EDT

NEW YORK (TheStreet) -- U.S. stock futures were pointing higher Tuesday following losses in the previous session on speculation Greece may eventually have to leave the eurozone.

European stocks rose on strong German economic data, while Asian shares ended Tuesday mostly lower. Japan's Nikkei 225 index fell 0.8% to 8,900.74.

The economic calendar in the U.S. is busy Tuesday with retail sales for April, the consumer price index for April, and the Empire State manufacturing survey for May all due at 8:30 a.m. EDT. ...

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Stocks to Watch: JPMorgan, Yahoo! (Update 1)

Mon, 14 May 2012 07:36:16 EDT

NEW YORK -- Three high-ranking executives are expected to leave JPMorgan Chase this week, according to a report.

The expected departures come in the wake of the bank's disclosure last week that it lost $2 billion because of trades that went awry.

The Wall Street Journal reported that Ina Drew, the bank's chief investment officer; Achilles Macris, who headed the London desk that placed the trades; and trader Javier Martin-Artajo, a managing director on that desk, will leave the bank. ...

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5 Things You Should Know Before the Stock Market Opens

Mon, 14 May 2012 06:08:43 EDT

NEW YORK (TheStreet) -- U.S. stock futures were pointing lower Monday and European shares were declining as a deal to form a government in Greece have so far failed.

Asian stocks ended mixed Monday; Japan's benchmark Nikkei 225 index rose 0.2% to close at 8,973.84. In China, the Shanghai Composite Index fell 0.6% to 2,380.72 despite a move from the central bank over the weekend to cut bank reserve requirements by 50 basis points.

The Dow Jones Industrial Average fell 1.7% last week, ending at 12,820.60; the index is up 4.9% year to date. The S&P 500 fell 1.1% to finish at 1353.39, and the Nasdaq declined 0.8% to settle at 2956.34. ...

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Stocks to Watch: JPMorgan, Arena (Update 1)

Fri, 11 May 2012 07:35:19 EDT

NEW YORK -- JPMorgan Chase recorded a $2 billion mark-to-market loss in its synthetic credit portfolio since the end of the first quarter, the bank said Thursday.

CEO Jamie Dimon called the trade "flawed, poorly reviewed, poorly executed" and said it reflected "sloppiness" and " bad judgment."

In a conference call Thursday, Dimon said the bank's Chief Investment Office suffered a trading loss of $2 billion in its synthetic credit portfolio, offset by a $1 billion securities gain, as a strategy to re-hedge its portfolio backfired. ...

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5 Things You Should Know Before the Stock Market Opens

Fri, 11 May 2012 06:01:51 EDT

NEW YORK (TheStreet) -- U.S. stock futures pointed to losses on Wall Street Friday following a shocking $2 billion trading loss at JPMorgan Chase.

"This has permeated to the wider market as investors assess the possible systemic risk, adding another layer of caution to the fragile trading environment," said Jordan Lambert, a trader at Spreadex, The Associated Press reported.

European shares were mixed amid continued political upheaval in Greece, while Asian stocks finished to the downside on signs of slower growth in China. Japan's Nikkei 225 index fell 0.6% to 8,953.31. ...

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Stocks to Watch: Cisco, Kohl's, Priceline (Update 1)

Thu, 10 May 2012 07:35:29 EDT

NEW YORK -- Cisco provided disappointing guidance for its fiscal fourth quarter.

The networking giant forecast earnings of 44 cents to 46 cents a share for the July-ending quarter with year-over-year revenue growth anticipated at 2% to 5%.

Analysts were calling for a profit of 49 cents a share in the fourth quarter on revenue of $11.99 billion. ...

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5 Things You Should Know Before the Stock Market Opens

Thu, 10 May 2012 06:05:21 EDT

NEW YORK (TheStreet) -- U.S. stock futures were pointing lower Thursday, European stocks were mixed and Asian shares closed down following the release of disappointing Chinese trade data.

Japan's Nikkei 225 index declined 0.4% to finish at 9,009.65 and Hong Kong's Hang Seng fell 0.5%. China reported slower-than-expected exports and imports in April.

The economic calendar in the U.S. Thursday includes weekly initial and continuing jobless claims; trade balance figures for March; and export and import prices for April. All the reports are expected at 8:30 a.m. EDT. ...

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Stocks to Watch: AOL, Cisco, Disney (Update 1)

Wed, 09 May 2012 07:36:02 EDT

NEW YORK -- AOL, the Internet media company, reported Wednesday first-quarter net income of $21.1 million, or 22 cents a share, up from year-earlier earnings of $4.7 million, or 4 cents.

Revenue fell 4% from a year earlier to $529.4 million.

Analysts, on average, were expecting earnings of 7 cents a share on revenue of $526.48 million. ...

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5 Things You Should Know Before the Stock Market Opens

Wed, 09 May 2012 06:10:56 EDT

NEW YORK (TheStreet) -- U.S. stock futures were lower Wednesday amid continued political turmoil in Greece.

European stocks were mixed while Asian shares finished with losses. Japan's Nikkei 225 index ended down 1.5% at 9,045.06, its lowest close in nearly three months

U.S. stocks on Tuesday dropped as the political turmoil in Greece renewed concerns about the country's ability to meet the terms of its bailout and remain a member of the eurozone. ...

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Stocks to Watch: Wendy's, Disney (Update 1)

Tue, 08 May 2012 08:12:27 EDT

NEW YORK -- Wendy's reported first-quarter earnings Tuesday of $12.3 million, or 3 cents a share, a turnaround from a year-earlier loss of $1.4 million.

Excluding items, earnings in the latest quarter were 1 cent a share.

The fast food chain's first-quarter sales were $519.9 million, up from $509.3 million a year earlier. ...

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5 Things You Should Know Before the Stock Market Opens

Tue, 08 May 2012 06:07:45 EDT

NEW YORK (TheStreet) -- U.S. stock futures were signaling a weaker Wall Street open Tuesday as election turmoil in Greece and a changing of the guard in France weighed on global equities.

European stocks were slipping in early trading, while Asian stocks posted modest gains. Japan's Nikkei 225 index gained 0.7% to close at 9,181.65.

Stocks finished mixed Monday as Wall Street reacted with restraint to the shifting political landscape in Europe following weekend elections in France and Greece. ...

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Stocks to Watch: AT&T, Tyson (Update 1)

Mon, 07 May 2012 07:51:18 EDT

NEW YORK -- AT&T , the No. 2 U.S. telecommunications company, will start selling home monitoring services nationwide.

AT&T will begin trials of the services this summer in Dallas and Atlanta.

AT&T's "Digital Life" will monitor homes for burglaries and will allow customers to control such things as appliances, lights, heating and cooling. ...

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