• Sony (NYSE:SNE) said weak cell phone sales and lower PlayStation III console prices resulted in another quarterly loss.  The firm also said full-year prospects improved from the company's aggressive cost-cutting measures

• Alcatel-Lucent (NYSE:ALU) reported its twelfth straight quarterly loss of $269 million. The firm said it expects operating results to break even by yearend

• Duke Energy (NYSE:DUK) reported third quarter earnings one cent above Zacks estimates at 40 cents, as revenues of $3.4 billion were below Zacks estimates of $4.25 billion. The company noted, "Industry sales volumes continued to show signs of stabilization"

• ITT Industries (NYSE:ITT) reported third quarter beat Zacks estimates by 14 cents a share, coming in at $1.03 on inline revenues of $2.7 billion, down 6.3%

• Coventry Health Care (NYSE:CVH) reported its third quarter of 68 cents topped Zacks estimates by 14 cents, on inline revenues of $3.44 billion, up 17.7%

• Aon (NYSE:AOC), reported third quarter

DrStockPick.com Stock Report!

Friday August 7, 2009

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ICOP Digital, Inc. (NASDAQ: ICOP), an industry-leading company engaged in advancing digital surveillance technology solutions, today provided guidance to the market regarding exercising its Class B warrants (NASDAQ: ICOPZ). Per the Company’s most recent offering, the Class B warrant entitles its holder to purchase one share of common stock at an exercise price of $0.42 per share.

China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced the launch of a $30 million service contract in China and expected revenue growth in the second half of 2009. In 2008, the Company reported over $40 million in profitable revenue from its operations in China. Senior Management was in Shanghai

PennyOmega.com Stock Report!

PennyOmega.com Hot Stock News & Alerts!

Wednesday August 5, 2009

PennyOmega.com Stock Report!

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Options traders made a mad dash for Chesapeake Energy Corporation (NYSE: CHK) calls on Tuesday, after the firm reported a stronger-than-expected second-quarter profit. According to data from WhatsTrading.com, the natural gas concern saw almost 33,500 calls cross the tape, more than doubling its average single-session volume of fewer than 13,900 contracts. Most popular was the August 23 call, which saw roughly 12,400 contracts change hands.

Seeger Weiss LLP announced today a $41.5 million settlement with Merck & Co., Inc. (NYSE:MRK) and Schering-Plough Corporation (NYSE:SGP) resolving nationwide fraud claims arising out of the sale and marketing of the companies’ co-ventured prescription

• AutoNation (NYSE:AN) reported better-than-expected second quarter earnings of 29 cents a share, a nickel above estimates, as revenue declined 28.8% to $2.61 billion.  The company noted, "Having weathered the storm, AutoNation remains in an excellent position to capitalize on dealer consolidations and the gradual recovery in industry volumes"

• American Electric Power (NYSE:AEP) beat estimates with second quarter earnings of 68 cents a share, 7 cents above Street expectations, as revenue dropped 8.6% to $3.2 billion

• Constellation Energy (NYSE:CEG) beat estimates by 32 cents a share as second-quarter earnings reached $1.08 a share, even as revenue dropped 18.8% to $3.86 billion. The company said it sees full-year earnings of $3.10 to $3.30 a share, versus estimates of $3.01

• JP Morgan (NYSE:JPM) downgraded Disney (NYSE:DIS) shares to "underweight" from "neutral." Disney (NYSE:DIS) reported lower-than-expected fiscal third quarter earnings of 51 cents a share versus 66 cents a year ago off estimates

A smaller-than-expected rise in weekly jobless claims and upbeat earnings from companies helped stock markets extend their impressive run this week as investors found new reason to put money into stocks.  All stock indexes managed bigger gains as the session progressed but lost some momentum towards the end.        

The Dow Jones industrial average rose 83 points, or 0.9% and the broader S&P 500 index added 11 points, or 1.2%, to 986.75, its highest close since November 4.  The tech-heavy Nasdaq gained 16 points, or 0.8%, to close at its highest level since October 1.

The much-awaited GDP report this morning demonstrated a smaller-than-expected 1% contraction, signaling the recession is losing force. Expectations were for a 1.5% drop.

Yesterday, GE (NYSE:GE) led the Dow Jones industrial average higher after the conglomerate was upgraded to “buy" from “neutral" by Goldman Sachs (NYSE:GS). The analysts at Goldman Sachs said chances of GE

DrStockPick.com Stock Report!

Friday July 31, 2009

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Constellation Energy (NYSE: CEG) today reported adjusted earnings of $1.08 per share for the second quarter of 2009, compared with adjusted earnings of $1.82 per share in the same period last year. Adjusted earnings exclude the cumulative effects of changes in accounting principles, discontinued operations and special items (which are defined as significant items that are not related to our ongoing, underlying business or which distort comparability of results). On a generally accepted accounting principles (GAAP) basis, the company reported earnings of $0.04 per share, compared with earnings of $0.95 per share in the second quarter of 2008. Second quarter 2009 GAAP results reflect negative impacts primarily

DrStockPick.com Stock Report!

Friday July 24, 2009

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Royale Energy Inc (NASDAQ:ROYL) announced today that it has received regulatory approval to build drilling locations for its scheduled third quarter wells. Having weathered the trying times for the industry this year, the company is actively working toward the drilling of several new developmental wells designed to add production before the winter heating season begins.

Nash-Finch Company (Nasdaq: NAFC), a Minneapolis-based food distributor, announced today that on July 23, 2009 its board of directors has declared a regular quarterly cash dividend of 18 cents per share of common stock. The dividend is payable September 4, 2009 to shareholders of record at the close of business on August 21, 2009. It is the Company’s 332nd consecutive quarterly cash dividend.

New Generation Biofuels Holdings, Inc. announced yesterday that it has appointed Mr. Cary Claiborne as its new President and Chief Executive Officer. Mr. Claiborne will also retain his role as Chief Financial Officer and has joined the Board of Directors.

In late 2007, Mr. Claiborne joined New Generation Biofuels as the company’s Chief Financial Officer. Prior to this role, he had a distinguished career as the Chief Financial Officer of Osiris Therapeutics (NASDAQ: OSIR), as well as in various roles with leading American corporations, including Constellation Energy (NYSE: CEG), Home Depot (NYSE: HD) and General Electric (NYSE: GE).

“Cary brings considerable experience and leadership to this company and is well-qualified to guide New Generation Biofuels through the next phase of its business development, as we ramp production in our Baltimore plant, begin meaningful deliveries against our existing contracts, sign up new customers and implement cost control measures to improve efficiency,” commented Lee

Warren Buffett’s 2008 Letter to Shareholders: Bearish or Bullish?

by Louis Basenese, Advisory Panelist Senior Analyst, The Oxford Club

Details of Warren Buffett’s 2008 Letter to Shareholders have been grossly exaggerated. Most media outlets - financial and mainstream alike - opted for the anti-Bing Crosby angle - accentuating the negative, and virtually eliminating the positive.

In fact, every article I read couldn’t keep from latching on to this single doom and gloom line: “We’re certain, for example, that the economy will be in shambles in 2009 - and, for that matter, probably well beyond.”

But don’t be so quick to label Mr. Buffett as a sudden convert to the permabear camp. A careful study of his most recent letter - because they all warrant much more than a casual read - reveals he is unmistakably optimistic and bullish about the future for the markets.

4 Reasons Warren

Berkshire Hathaway: Buy of the Century by Investment U Research Team

In the midst of Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A) reporting its worst year ever, -9.6%, the stock price has plummeted to a level not seen in almost 6 years.

Mr. Buffett’s usual “Warren-isms” were all at play in Saturday’s Annual Letter to Shareholders. At one point he disclosed there were mistakes he had made…

“Furthermore, I made some errors of omission, sucking my thumb when new facts came in that should have caused me to re-examine my thinking and promptly take action.”

When a legendary investor like Warren Buffett can make statements like that, it gives comfort to the rest of us “mere mortals.”

Now outsiders look at the return of 2008 will note that while the performance was the worst ever, it still ranks as the sixth