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From the Blogosphere
Cramer on BloggingStocks: Dismiss the latest tech downgrades
Tyco Exceeds Zacks Estimate – Analyst Blog
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<>Tyco International Ltd. (TYC) reported fourth-quarter earnings per share from continuing operations of 61 cents. This was higher than the Zacks Consensus Estimate of 54 cents per share. Quarterly Revenues of $4.4 billion declined 16% versus the prior year with an organic revenue decline of 12%. For the largest operating segment, ADT Worldwide, revenues of $1.8 billion declined 9% in the quarter with an organic revenue decline of 5% and a 4% decline due to changes in foreign currency. ADT's recurring revenues grew 4% organically on a global basis. Systems installation and service revenue de>...
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EU objects to Sun-Oracle deal
Parker Hannifin Surpasses – Analyst Blog
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Parker Hannifin Corporation (PH) reported fiscal 2010 first quarter net income, which declined 71% to $73.5 million from $250.2 million in the first quarter of fiscal 2009. Earnings per diluted share declined 70% to 45 cents. This was higher than the Zacks Consensus Estimate of 17 cents.
Sales were $2.2 billion in the quarter, a decline of 27% from $3.1 billion in the first quarter a year ago.
In the Industrial North America segment, sales declined 29.3% to $783.1 million and operating income declined 52.5% to $76.2 million, compared with the same period a year ago. In the Industrial Inte...
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DJIA Market Wrap 8 November
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 The 60-minute trend is positive according to the force index indicator. %b has printed a slightly negative divergence. On Monday morning prices will open up on a gap that will test previous high. The Dow is also doing much better than the Nasdaq in this phase. Most of the stocks are moving above their 20-day moving averages and the trend is very good in the longer term moving averages. HPQ, MCD, PG printed new 20-day highs. MCD has printed 5 and IBM has printed 4 consecutive up closes. I remain negative on the market and will need to assess how high this move will continue. I am opening s...
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