The Exchange
  • HP Earnings: Another Upside Surprise?

    By Marek Fuchs

    Is Hewlett Packard (HPQ) one giant malfunction?

    Atlantic Wire

    The media are certainly abuzz with brusque and condemning assessments of HP's second quarter, due to be reported after market close Wednesday. Forbes calls HP’s prospects “poor,” The Associated Press trots out the word “sag” and All Things D says that, strictly speaking, results are going to stink.

    The live audio webcast of HP’s conference call hasn’t been declared dead on arrival – but you get the point.

    Upside surprises

    Here’s the deal, though. HP surprised to the upside last quarter. In fact, it has surprised to the upside the past three quarters. Their earnings and conference calls were – relative to the coverage going into the earnings – quite well received.

    Should we expect the same contortion here?

    Make no mistake about it: HP is not ascendant. FactSet is expecting 81 cents per share on revenue of $28 billion, both marked declines from last year’s second quarter. For congenitally troubled computer makers such as HP

    Read More »from HP Earnings: Another Upside Surprise?
  • In Bill Stegman's office on the eastern side of Dallas, the phone is ringing and ringing and ringing again, with only short breaks between callers. It goes on for some 30 minutes, virtually uninterrupted. He says it's been like this for hours.

    The powerful and deadly tornadoes that have torn through Granbury, Texas, and Moore, Okla., in the last week are fueling this activity. What these dialers have in common is the hope that Stegman, the owner of storm-shelter installation company American Tornado Master, can keep them from being the next victim. He's been in this business 36 years, and he says he's never seen interest this high.

    Storm shelter: Credit American Tornado Master "Not even back in 1999, when Oklahoma was hit [in] that tremendous outbreak then, was it nearly as furious as it is now," he says.

    By 11 a.m. Central time Tuesday, Stegman says he had received more than 100 calls about his rooms on the day. Another 193 emails had arrived in his inbox. On Monday, he got approximately 700 inquiries combined. That was the day

    Read More »from Deadly Tornadoes Drive Up Storm-Shelter Demand
  • By Marty Wolf

    The Dow is having a party and most tech companies aren’t invited.

    With the exception of HP (HPQ) – which has led the Dow in 2013 with a 49.3 percent increase – the Dow’s run up to an all-time high of 15,354.40 on May 17th has had little effect on tech companies.

    That’s because big companies – like those that make up the Dow – have recovered faster and better from the global recession. Plus, they’ve been the primary beneficiaries of Federal Reserve policy, including low interest rates and improved access to capital.

    As of May 17th, the Dow stocks that have gone up most this year are Disney (DIS) (33.7 percent), Boeing (BA) (31.3 percent), Microsoft (MSFT) (30.6 percent) and American Express (AXP) (27.6 percent). Except for Microsoft, these are stocks your grandmother would own to live off dividend income.

    This slighting of tech is nothing new. Since April 2000 – when the dotcom bubble burst – most tech stocks have been second-class citizens.

    Consider the NASDAQ. While the

    Read More »from The Dow Is Having a Party, and Tech Isn’t Invited
  • By Zac Bissonnette

    The latest company to face the outrage of the social media political correctness police is Abercrombie & Fitch (ANF), after a Business Insider piece with the headline “Abercrombie & Fitch Refuses To Make Clothes For Large Women” went viral.

    As can happen in our connected world, the pitchforks were out before there was much examination of what exactly Abercrombie had said or done. Kirstie Alley called for a boycott of the company on Entertainment Tonight, and she called CEO Mike Jeffries a “douche frog” on Twitter. On her daytime talk show, Ellen DeGeneres ripped into Abercrombie, explaining that, "the CEO of the company announced that his stores will stop selling clothing for women larger than a size ten.” The Facebook, Twitter, and Reddit hate stacked up, and a YouTube video aimed at making A&F the most popular brand among the homeless garnered close to seven million views.

    A retail trend

    DeGeneres’ summary—and many of the other takes on the controversy that have

    Read More »from As Abercrombie Faces Criticism, the Truth About Sizing Tells a Different Story

Pagination

(702 Stories)
 
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