Ultimate Market Recap: Ford Forecasts Major Losses, iPhone’s 5th Anniversary

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Pre-Market BUZZERS: RIM and Nike PLUMMET, Arena RALLY Renewed

Research in Motion (NASDAQ:RIMM) shares are plunging 17 percent ahead of the opening bell Friday. The BlackBerry maker reported a first-quarter loss excluding items of 37 center per share, down from a profit of $1.33 per share a year earlier. Analysts were only expecting a loss of about 3 cents per share. Furthermore, RIM delayed its new release of the BlackBerry lineup and announced plans to cut 5,000 jobs.

Nike Inc. (NYSE:NKE) shares took a surprising fall of nearly 12 percent in pre-market trading. The company announced that net income in the fourth-quarter declined to $549 million ($1.17 per share), compared to $594 million ($1.23 per share) a year earlier. However, it was the fifth quarter in a row that Nike saw shrinking gross margins, as they fell 1.5 percentage points from the year-earlier quarter to 42.8 percent. Over that time, margins have contracted on average 2.4 percentage points per quarter on a year-over-year basis. Shares of competitor Under Armour Inc. (NYSE:UA) also declined 3.77 percent.

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TIBCO Software Inc. (NASDAQ:TIBX) shares dropped 2.87 percent in extended trading hours, despite reporting better-than-expected second-quarter results. This morning, shares are actually ticking higher ahead of Friday’s open. Net income came in at $26.6 million (16 cents per share), compared to $21 million (12 cents per share) a year earlier. “We delivered another quarter of continued growth, with total revenue and license revenue up by 20 percent and 17 percent respectively, after adjusting for currency movements,” said Vivek Ranadiv, TIBCO’s chairman and CEO. “A growing list of customers across industries and geographies are harnessing big data and becoming event-driven through the use of our infrastructure software platform – whether for new demand generation, improved loyalty program returns, increased operational efficiencies, or superior risk management. In up markets and down, these remain priority initiatives that continue to create opportunities for TIBCO.”

Investors and traders continued to book profits in Arena Pharmaceuticals Inc. (NASDAQ:ARNA) Thursday. The company closed 10.18 percent lower on Thursday. However, shares are bidding higher 1.76 percent before the opening bell Friday. The company won approval by the Food and Drug Administration on Wednesday for its weight-loss drug lorcaserin. It is the first obesity medication cleared for sale in the United States in 13 years.

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Wall St. Brief: Research in Motion’s NIGHTMARE, Nike’s BOMBSHELL, and UK Bank Redress

Anheuser-Busch InBev (NYSE:BUD) will acquire for $20.1 billion the half of Grupo Modelo that it doesn’t already own. Meanwhile, Constellation Brands (NYSE:STZ) will do the same: purchase 50 percent of Crown Imports it doesn’t already own for $1.85 billion. Crown is a joint venture between Modelo and Constellation that imports Corona into the U.S.. The transaction may have come in an effort to potentially avoid antitrust issues about the bigger transaction.

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According to the U.K.’s Financial Services Authority, Barclays (NYSE:BCS), HSBC (NYSE:HBC), Lloyds (NYSE:LYG) and RBS (NYSE:RBS) will have to “provide appropriate redress” as a result of the cases from mis-selling interest rate swaps to customers. These incidents have resulted in a “severe impact” on numerous businesses said the regulatory agency.

If that wasn’t enough, RBS (NYSE:RBS) will likely be fined $233 million in relation to the Libor manipulation, reported Times of London while HSBC (NYSE:HBC), Citigroup (NYSE:C) and UBS (NYSE:UBS) are under investigation. With scandal’s fallout gaining speed, on Thursday, the British Bankers’ Association asked the U.K. government to intercede in the regulation of the Libor’s “setting mechanism.”

From Thursday’s first quarter earnings report, Research in Motion’s (NASDAQ:RIMM) shares are down 16 percent in premarket trading. The quarter’s numbers largely missed expectations with the company’s net loss per share of $0.37 from a $1.33 profit and revenue tanked 43 percent to $2.8 billion. To pile on more bad news, RIM announced that its BlackBerry 10 smartphones will be delayed until 2013’s first quarter and it will cut 5,000 jobs by the end of next year from restructuring.

Also announcing disappointing earnings was Nike (NYSE:NKE); its shares got hit in premarket trading after the company missed its earnings per share number. It was down 12.3 percent with earnings per share at $1.17. Revenue climbed in-line to 12 percent to $6.5 billion. The company blamed the earnings miss on increased spending spending and material costs. Citigroup cut its price target for Nike to $98 from $123 but believes the company still has a high growth story.

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Early Movers: Nike Gets Kicked 10%, Ford Predicts LOSSES to TRIPLE

Nike Inc. (NYSE:NKE) shares fell almost 10 percent before the opening bell. The company said fourth-quarter net income declined 7.6 percent to $549 million ($1.17 per share), compared to $594 million ($1.23 per share) a year earlier. Nike fell short of the mean analyst estimate of $1.37 per share.

Shares of Ford Motor Co. (NYSE:F) dropped 1 percent in early trading. The automaker announced that its total international losses would triple in the second-quarter, mostly due to the slowdown taking place in Europe. Robert Shanks, chief financial officer, explained that conditions in Europe were “getting tougher.”

Banking stocks such as JPMorgan Chase (NYSE:JPM) and Bank of America (NYSE:BAC) both jumped in pre-market trading. European leaders agreed overnight to use the region’s bailout funds to recapitalize struggling banks directly.

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Research in Motion (NASDAQ:RIMM) shares crashed 13.5 percent this morning. After the closing bell on Thursday, the BlackBerry maker reported horrendous financial results. Revenue plunged 43 percent to $2.81 billion. For the first-quarter, the company posted an adjusted loss of $192 million (37 cents per share), down sharply from a net gain of $695 million ($1.33 per share) a year earlier. It was a miss on the top and bottom line, as analysts had expected a quarterly loss of only 3 cents per share on $3.10 billion in revenue.

TIBCO Software Inc. (NASDAQ:TIBX) shares surged 8 percent in early trading. Net income for the second-quarter came in at $26.6 million (16 cents per share), compared to $21 million (12 cents per share) a year earlier. “We delivered another quarter of continued growth, with total revenue and license revenue up by 20 percent and 17 percent respectively, after adjusting for currency movements,” said Vivek Ranadiv, TIBCO’s chairman and CEO. “A growing list of customers across industries and geographies are harnessing big data and becoming event-driven through the use of our infrastructure software platform – whether for new demand generation, improved loyalty program returns, increased operational efficiencies, or superior risk management. In up markets and down, these remain priority initiatives that continue to create opportunities for TIBCO.”

Investor Insight: RIM to Apple: HAPPY ANNIVERSARY!

Smith & Wesson Shares SOAR and 4 Hot Stocks to Watch

ValueClick (NASDAQ:VCLK) says it predicts its Q2 revenue to be at the high end or above former estimates, due to strong growth in its media segment, and it added $100M for its share buyback program. The Internet advertising company’s May view predicted revenue between $155M and $160M, lower than analyst estimates, and anticipated media revenue growth greater than 85%.

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Smith & Wesson (NASDAQ:SWHC) shares were boosted during after-hours trading on Thursday following the gun maker’s announcement that its Q4 net income soared due to strong sales, mainly of polymer pistols and modern sporting rifles. The company’s forecasts now beat expectations. The shares rose over 15% after hours.

Elster Group (NYSE:ELT) has announced today that it has begun a definitive agreement with Melrose PLC, under which a wholly-owned subsidiary of Melrose PLC will offer acquisition of all pf Elster’s outstanding American Depositary Shares, which represents only one-fourth of one Elster shares. This will be $20.50 per ADS in cash and $82.00 per share in cash, representing an aggregate value of nearly $2.3B.

Cisco Systems (NASDAQ:CSCO) reported earlier this week that Chief Strategy Officer Ned Hooper will resign for his own investment firm and will be replaced by Chief Technology Officer Padmasree Warrior. Also, Cisco Systems has begun a partnership with Evergreen to develop urban sustainability innovations. By market close, shares of Cisco ended up 1.49% lower to U.S. $16.48 on more than 56.59M shares, which is well above its 40.60M share 30-day average volume.

Oracle Corporation (NASDAQ:ORCL) has released the Oracle FLEXCUBE 12.0, the newest Oracle FLEXCUBE banking platform. This launch includes features enabling banks to deliver more personalized and convenient service to customers on all channels. It also provides a harmonized infrastructure as well as an open environment for development allowing more flexibility in deployment options an path upgrading.

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Bank of America (NYSE:BAC): Trimming the first S&P 500 Index decline since September, U.S. stocks joined a global rally following the beginning of an agreement which alleviated concerns regarding bank failure. After a European lender surge, Bank of America along with Citigroup rallied 4.1% at least. Shares of Bank of America are trading 3.10% higher today.

Apple Inc. (NASDAQ:AAPL) could possibly release an iPad of 9.7 inches this summer, and predictions show device shipment volumes increases beginning in September, Digitimes reports citing a Chinese Apple Data report. Rumors state that the upgraded iPad features indium gallium zinc oxide panel technology as well as panel supply which an be shifted to Samsung’s (SSNLF)  Sharp (SHCAY). Shares of Apple Inc. are trading 1.94% higher today.

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Facebook, Inc. (NASDAQ:FB) has apparently created a “want” button which would function similarly to the “like” took, but it would indicate someone’s wish to receive or purchase something. The “want” button was discovered by Cut Out + Keep craft tutorial site’s Tom Waddington in Facebook’s Javascript SDK, Inside Facebook  reported. The button is not yet listed publicly among Facebook’s other social plugins, but Waddington claims that it works on Open Graph objects marked as “products.” Shares of Facebook, Inc. are trading 0.480% lower today.

AT&T, Inc. (NYSE:T): On Dish Network (NASDAQ:DISH) and AT&T’s TV service, the AMC (AMCX) channel may go dark Saturday night as a result of a dispute between the TV channel and the pay TV distributors, according to the Wall Street Journal. The Sundance channel has already been dropped by Dish. Shares of AT&T, Inc. are trading 0.57% higher today.

Nokia Corporation (NYSE:NOK) chairman Risto Siilasmaa defended chief executive Stephen Elop following the company’s announcement concerning new job cuts and a warning about weak profits earlier this month. According to Finnish daily Helsingin Sanomat, Siilasmaa claims Elop has the board’s total confidence. Shares of Nokia Corporation are trading 1.42% lower today.

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Murdoch CONFIRMS News Corp SPLIT and 4 Hot Stocks Making Headlines

Research in Motion (NASDAQ:RIMM) reported a first-quarter loss of 37 cents a share yesterday, excluding some items, over five times larger than predicted by analysts. Sales fell to 2.8B, 43% lower, missing a $3.05B prediction. The company adds that it intends to cut 5,000 jobs.

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News Corporation (NASDAQ:NWSA) will be split into separate publishing and entertainment companies, Rupert Murdoch finally confirmed. Three days following his newspaper’s,  The Wall Street Journal, reported Mr. Murdoch’s change of opinion, the 81-year-old News Corp chairman revealed ideas for a smaller publishing arm built of News’ Australian print and pay TV assets such as  The Wall Street Journal, Dow Jones Newswires, HarperCollins, its British newspapers and an education publishing division.

Microsoft (NASDAQ:MSFT) announced in a blog post today, as a strategy to increased the Windows Phone 8 demand, that its apps will be offered in more than 180 countries. Developers in these countries will use App Hub to submit apps to those markets. In the post, Microsoft stated, “With Windows Phone 8 we’re dramatically expanding our footprint around the globe. Consumers will be able to browse and download apps in more than 180 countries at launch.” The apps were only available in 63 countries before.

Intel Corporation’s (NASDAQ:INTC) ultrabook’s rebranding exercise is beginning to show benefit since its premium laptop market share is showing steady growth. Though the fundamentals, a thin, light-weight laptop with rapid sleep resume-are not new, but ultrabooks makes up 15% or laptops costing over $700 sold during May 2012.

Nike (NYSE:NKE) issued its quarterly earnings data on Thursday reporting $1.17 EPS for the quarter, missing the consensus estimate by $0.20. Revenue for the company’s quarter increased 12.2% year-over-year. Analysts expect Nike to post $1.19 EPS next quarter.

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5 Radar Stocks: Nike, RIM and Facebook Skip HUGE RALLY

After closing more than 11 percent higher on strong financial results, TIBCO Software Inc. (NASDAQ:TIBX) shares continued to gain in late trading. Net income for the second-quarter came in at $26.6 million (16 cents per share), compared to $21 million (12 cents per share) a year earlier. “We delivered another quarter of continued growth, with total revenue and license revenue up by 20 percent and 17 percent respectively, after adjusting for currency movements,” said Vivek Ranadiv, TIBCO’s chairman and CEO.

Research In Motion (NASDAQ:RIMM) shares crashed 19 percent on Friday and continued to edge lower in extended trading. After the closing bell on Thursday, the BlackBerry maker reported horrendous financial results. Revenue plunged 43 percent to $2.81 billion. For the first-quarter, the company posted an adjusted loss of $192 million (37 cents per share), down sharply from a net gain of $695 million ($1.33 per share) a year earlier. It was a miss on the top and bottom line, as analysts had expected a quarterly loss of only 3 cents per share on $3.10 billion in revenue. Read More.

Despite a strong rally across the board, Nike Inc. (NYSE:NKE) shares dropped 9.4 percent during regular trading. The company said fourth-quarter net income declined 7.6 percent to $549 million ($1.17 per share), compared to $594 million ($1.23 per share) a year earlier. Nike fell short of the mean analyst estimate of $1.37 per share. Shares gained 0.16 percent late Friday.

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Apple Inc. (NASDAQ:AAPL) shares celebrated the iPhone’s fifth anniversary by jumping 2.63 percent today. Co-founder Steve Jobs unveiled the smartphone at the Macworld 2007 convention in San Francisco. By June 29, 2007, it was available in the United States. It has been an amazing run so far for the iPhone, generating an estimated $150 billion in cumulative sales worldwide.

Facebook (NASDAQ:FB) shares also skipped Friday’s strong rally and declined nearly 1 percent. Wednesday marked the end of the “quiet period,” or 40 calendar days following the IPO, during which analysts from the several investment firms that were involved with the underwriting process were prohibited from publishing recommendations. It was widely expected that the analyst coverage would be bullish for Facebook. Instead, the coverage was lackluster at best and the stock has yet to regain the momentum it has seen in recent weeks.

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