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  • Disney Reports Good EPS. Walt Disney's ( DIS) reported quarterly results that beat Wall Street’s expectations. Disney announced that their FQ1 net profit rose +33% to $1.84B and earnings of $1.04. Revenue at the entertainment giant climbed +8.6% to $12.31B. Sales grew across all of Disney'
    Category: Pre-Market News|2 views|No comments
  • CBO Says Obamacare Leads to Job Loss. According to the nonpartisan Congressional Budget Office, Obamacare will lead to a sharp decline in the number of hours worked equating to 2 million full-time jobs by 2017. We have already seen companies hiring part time workers instead of full time wor
    Category: Pre-Market News|3 views|No comments
  • Eurozone PMI Rises as China’s Falls. The Eurozone manufacturing PMI rose to a 32-month high of 54 in January up from a prior reading of 52.7 in December. The data is consistent with GDP growth of just 0.4-0.5% in Q1. While, China's PMI fell to a six-month low of 50.5 in January, down fro
    Category: Pre-Market News|2 views|No comments
  • Google Reports Mixed Results. Internet giant Google ( GOOG) reported that their Q4 net profit climbed +17% to $3.38B and revenue grew +17% to $16.86B. Both numbers topped Wall Street’s estimates. EPS at the company came in at only $12.01 missing expectations. Google's paid click growth con
    Category: Pre-Market News|3 views|No comments
  • Google to Sell Motorola. After buying cell phone manufacturer Motorola two years ago Google (GOOG) is selling it. Lenovo will purchase the smartphone maker for $2.91 billion. In the agreement Google will keep the "vast majority" of Motorola's IP. The sale will also remove a point
    Category: Pre-Market News|3 views|No comments
  • Bank of America Being Investigated Again. Once again Bank of America seems to be in trouble with regulators.  This time reports say that the Department of Justice and the Commodity Futures Trading Commission are investigating Bank of America ( BAC) for improper trading. The allegations
    Category: Pre-Market News|No comments
  • Microsoft Paying Companies to Make Windows Phones. Unconfirmed reports say that Microsoft ( MSFT) will reportedly make $2.6B in "support" payments to Smartphone manufactures persuade them to make one Windows Phone each. Some may call it a bribe and others say it’s a sign that Mic
    Category: Pre-Market News|1 views|No comments
  • World Economic Growth Accelerating. The World Bank announced that they expect global economic growth to accelerate to 3.2% in 2014 from 2.4% in 2013. The banks Global Economic Prospects report forecast that the U.S. economy will expand by 2.8% from 1.8% and goes on to say that the worlds ad
    Category: Pre-Market News|No comments
  • Employment Data Stuns Wall Street. The U.S. employment data for December was released this morning and the results stunned Wall Street. Wall Street economists had estimated that the economy would generate 196,000 new jobs down from Novembers 203,000 jobs. The actual results can in far less,
    Category: Pre-Market News|No comments
  • Alcoa to Kickoff Q4 Earnings Season Today. Alcoa ( AA) will kickoff the Q4 earnings season today after the market close. Wall Street always watches very closely as since some believe that the company can give indications of how other industrial companies performed.  The first few days
    Category: Pre-Market News|No comments
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