Friday, February 8, 2008

Europe's "News" Hitting Futures (Down) - Trader Talk with Bob Pisani - CNBC.com

Europe's "News" Hitting Futures (Down) - Trader Talk with Bob Pisani - CNBC.com

Europe's "News" Hitting Futures (Down)
Posted By:Bob Pisani

Futures trending down since Europe opened on rumors that someone might be unwinding a structured product in Europe this am.

Mixed morning for stocks:

MBIA

MBIA Inc
MBI

13.63 -0.57 -4.01%
NYSE




[MBI 13.63 -0.57 (-4.01%) ] shares down 11 percent after they sold new shares at a 14 percent discount to its closing price in an effort to raise capital, down 7 percent.

Alcatel-Lucent

Alcatel-Lucent
ALU

6.02 -0.23 -3.68%
NYSE




[ALU 6.02 -0.23 (-3.68%) ] quarter was ok, but eliminates dividend due to the uncertain market outlook.

Tiffany

Tiffany & Co
TIF

40.43 2.25 +5.89%
NYSE




[TIF 40.43 2.25 (+5.89%) ] raised guidance for 2008, talked about at least a 10 percent increase in net sales.

On the other hand, diamond giant De Beers said sales fell 2 percent on poor Christmas sales. They control 40 percent of the world diamond market.

Glass giant Corning

Corning Inc
GLW

23.26 -0.23 -0.98%
NYSE




[GLW 23.26 -0.23 (-0.98%) ] said they saw no signs of a slowdown in their business and affirmed their earnings for the full year.

McDonalds

McDonald's Corp
MCD

55.0 0.54 +0.99%
NYSE




[MCD 55.0 0.54 (+0.99%) ]

had good comp store sales in January--up 8.2 percent for Europe, 1.9 percent in the U.S.


Posted by st0ckman at 9:33 AM

Labels:

No comments:

Post a Comment

Your spam will not get posted on my blog. No wizetrade spammers etc

Subscribe to: Post Comments (Atom)

Subscribe to "The $t0ckman" via email

Enter your email address:

Delivered by FeedBurner