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citigroup: search

Citigroup Analyst Switches Gears, Hypes Amazon's Kindle As 'iPod Of The Book World'

Citigroup’s Mark Mahaney has upped his original estimate of Amazon (NSDQ: AMZN) Kindle sales, forecasting 380,000 units sold in 2008. That’s double the 190,000 he forecast earlier for Kindle’s debut year. Now, via Reuters, Mahaney is telling clients the electronic book could be one of the hottest gifts of the holiday season—along with the iPhone—and compares it to the first year of iPod sales: “Turns out the Kindle is becoming the iPod of the book world.” He’s also upped his revenue estimate for Kindle and related items to $1 billion by 2010, up from $400-750 million. This no doubt will drive the fashionably dismissive bunch nut. Ditto for the “how-dare-you” set when it comes to comparing the clunky Kindle to the oh-so-sleek iPhone.

Movers: Citigroup, Google, Barr Labs, Microsoft, Merrill Lynch

Citigroup (C) posts narrower-than-expected $0.54 second quarter loss per share, vs. $1.24 EPS a year ago, on 29% revenue drop. Says loss primarily due to fixed income write-downs, higher consumer credit costs in North America. But says second quarter results improved substantially versus first quarter due to lower write-downs, good performance in core franchise.

Citigroup adds Google, Time Warner to top picks live

(Reuters) - Citigroup added Google Inc and Time Warner Inc to its top picks live list, based on the search engine giant's near- and long-term outlook and a possible sale of Time Warner's AOL advertising and dial-up businesses.

Citigroup adds Google, Time Warner to top picks live

(Reuters) - Citigroup added Google Inc and Time Warner Inc to its top picks live list, based on the search engine giant's near- and long-term outlook and a possible sale of Time Warner's AOL advertising and dial-up businesses.

Despite upbeat results from Citigroup, the markets traded mixed during the midday after Google disappointed with earnings that fell short of expectations. The Dow gained 25 points to 11,472 while Nasdaq plunged 26 points to 2287.

Despite upbeat results from Citigroup, the markets traded mixed during the midday after Google disappointed with earnings that fell short of expectations. The Dow gained 25 points to 11,472 while Nasdaq plunged 26 points to 2287.

Priceline com (PCLN) NewsBite - PCLN Upgraded By Citigroup

Priceline com (PCLN) was upgraded today by analysts at Citigroup and the stock is now at $102.52, up $0.60 (0.59%) on volume of 1,075,514 shares traded. The analyst upped PCLN to Buy from Hold. Over the last 52 weeks the stock has ranged from a low of $69.20 to a high of $144.34. Priceline com stock has been showing support around $98.89 and resistance in the $103.95 range. Technical indicators for the stock are neutral and S&P gives PCLN a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on PCLN the stock seems like it could be a candidate for a September out-of-the-money bull-put credit spread below the 85 range. [ABR-Seven Summits Strategic Investments NewsBite]

Priceline.com shares fall after Citigroup cuts price target to $142 from $161

NEW YORK, Jul 01, 2008 (Thomson Financial via COMTEX) -- PCLN | Quote | Chart | News | PowerRating -- Shares of Priceline.com fell Monday after Citigroup lowered its price target on the company to $142 from $161, citing potential weakness in the company's European division.

Citigroup sees better Amazon Kindle Sales

Front page | Hot Gadgets | Portable Devices | Mobile Phones | Home Entertainment | Gaming | Notebook & PCs | Other Stuff | Archive

Citigroup dumps blogger at large

TO the community of 60,000 who keep his company each day, Michael J. McCarthy looms large enough to be chosen as next month's featured speaker at the Dallas Security Traders annual convention.

Movers: AIG, Lehman, Citigroup, Wal-Mart, VeriSign

American International Group (AIG) posts $0.51 second quarter adjusted loss per share, vs. $1.77 adjusted EPS a year ago. Net loss was $2.06, vs. $1.64 EPS, reflecting $11.6 billion in investment losses/write-downs largely tied to AIG's outsized mortgage exposure. AIG said the continuation of the weak U.S. housing market and disruption in the credit markets, as well as global equity market volatility, had a substantial adverse effect on its second quarter 2008 results. S&P maintains hold.

Movers: AIG, Lehman, Citigroup, Wal-Mart, VeriSign

American International Group (AIG) posts $0.51 second quarter adjusted loss per share, vs. $1.77 adjusted EPS a year ago. Net loss was $2.06, vs. $1.64 EPS, reflecting $11.6 billion in investment losses/write-downs largely tied to AIG's outsized mortgage exposure. AIG said the continuation of the weak U.S. housing market and disruption in the credit markets, as well as global equity market volatility, had a substantial adverse effect on its second quarter 2008 results. S&P maintains hold.

Movers: AIG, Lehman, Citigroup, Wal-Mart, VeriSign

American International Group (AIG) posts $0.51 second quarter adjusted loss per share, vs. $1.77 adjusted EPS a year ago. Net loss was $2.06, vs. $1.64 EPS, reflecting $11.6 billion in investment losses/write-downs largely tied to AIG's outsized mortgage exposure. AIG said the continuation of the weak U.S. housing market and disruption in the credit markets, as well as global equity market volatility, had a substantial adverse effect on its second quarter 2008 results. S&P maintains hold.

Analyst Actions: AIG, VeriSign, Zumiez

Citigroup analyst Joshua Shanker says American International Group (AIG) had pre-tax losses of $6 billion each in its CDS unit and credit impairments. He'd been expecting CDS loss of about $2.5 billion and potentially, credit impairments of a similar size.

Analyst Actions: AIG, VeriSign, Zumiez

Citigroup analyst Joshua Shanker says American International Group (AIG) had pre-tax losses of $6 billion each in its CDS unit and credit impairments. He'd been expecting CDS loss of about $2.5 billion and potentially, credit impairments of a similar size.

Solar Stocks Weak On Lower Crude and More Fears About Spain (SPWR, FSLR, SOLF, CSIQ)

Pre-Open Movers 7/18: Citigroup (C) Jumps On Smaller Loss; SemGroup Energy Partners, L.P. (SGLP) Sinks On Parent's Possible BK Filing

BenchmarkJournal.com Sector Analysis for SIRI, SWKS, PMCS and ESLR

Pre-Open Movers 7/18: Citigroup (C) Jumps On Smaller Loss; SemGroup Energy Partners, L.P. (SGLP) Sinks On Parent's Possible BK Filing

Amazon Kindles Tech Rally

Tech stocks rallied Monday after a Citigroup analyst said he expects sales of Amazon's electronic reader to exceed expectations.

Amazon Kindles Tech Rally

Amazon.com (NASDAQ: AMZN) sent tech stocks higher on Monday after a Citigroup analyst issued an upbeat report on the stock.

Amazon's 'electronic book' Kindle seen as potentially the next iPod

SAN FRANCISCO (MarketWatch) -- Shares of Amazon.com got a strong boost Monday after an analyst for Citigroup doubled his sales projection for the company's new electronic book reading device, known as the Kindle.

Amazon gets lift as analyst likens Kindle to iPod's early days

SAN FRANCISCO (MarketWatch) -- Shares of Amazon.com got a strong boost Monday after an analyst for Citigroup doubled his sales projection for the company's new electronic book reading device, known as the Kindle.

Is Kindle really the iPod of books?

Amazon's shareholders will hope so - its stock rose 8% yesterday off the back of an estimate by Citigroup analyst Mark Mahoney, who said sales will reach 380,000 by the end of this year. That's up from the original forecast of 190,000 and, though dwarfed by mobile and games console sales, is a very respectable figure for a relatively niche, high-end product. Similar in proposition, in fact, to the iPod, which debuted with similar figures.

US futures flat; Citi offsets Merrill, Google

NEW YORK -- The Dow has turned positive and the S&P 500 has cut losses, helped by a jump in Citigroup's shares, but the Nasdaq fell on disappointment with results from Google and Microsoft .

US STOCKS-Futures flat; Citi offsets Merrill, Google

NEW YORK, July 18 (Reuters) - U.S. stock index futures were little changed on Friday as No. 1 U.S. bank Citigroup

US STOCKS-Futures flat; Citi offsets Merrill, Google

NEW YORK, July 18 (Reuters) - U.S. stock index futures were little changed on Friday as No. 1 U.S. bank Citigroup

Another Anonymous Wall Street Blogger is Fired

Another day, another Wall Street analyst gets fired for his anonymous blog, despite taking precautions after the same thing happened to former Citigroup trader Michael McCarthy. The blogger known as "1-2" was never all that anonymous: for starters, he happily posted links to his blog entries on his Facebook page where he was also a member of his employer's group.


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