Archive for April, 2009

We are anticipating further deceleration in Garmin’s top line sales, but believe there is a possibility for an earnings beat on better than anticipated costing cutting.

While our checks show strong traffic growth in the quarter, there appear to be fewer advertisers on the site and preliminary reports show CPM’s falling over 10% in the Finance vertical.

Based on our analysis, we are expecting TEVA to report better than expected results that exceed Wall Street’s consensus expectations.

While advertising revenue is expected to experience sequential declines, gaming revenue appears to still be going strong for the Chinese internet stock.

The network equipment vendor has a strong track record of exceeding Wall Street’s consensus estimates and we feel that they should be able to do so again this quarter.

WebMD remains one of the bright stars of the internet sector. The company continues to post strong, double-digit growth rates despite the difficult advertising environment.

Wall Street continues to reduce their earnings estimates as expectations for Disney’s fiscal second quarter performance continues to fall.

We are expecting Kraft to report further volume declines as private label products increase their market share.

We believe that Expedia continues to face a myriad of challenges including the current economic recession, a highly competitive environment and declining consumer spending.

Wall Street has reduced their expectations for 2009 in the wake of lower oil prices, but we feel that they may still be too optimistic.