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Daily Archives: November 9, 2007

Visa Files For IPO

Posted: November 9, 2007 at 5:33 pm

Visa filed for its IPO after the close. The S-1 is here. For the nine months ending June 30, 2007, revenue for Visa was $3.727 billion compared with $3.908 billion ...
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E*Trade (ETFC) Crashes After Hours

Posted: November 9, 2007 at 5:19 pm

E*Trade (ETFC) are off 12% after hours to $7.55, below their 52-week low.The brokerage reported that it has observed continued declines in the fair value of its $3.0 billion asset-backed ...
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Nasdaq Short Interest: October 31, 2007

Posted: November 9, 2007 at 5:09 pm

Below is the short interest in certain stocks traded on Nasdaq. The figures are as of October 31 and compare to numbers posted on October 15, 2007Largest Short PositionsCompany     ...
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JP Morgan (JPM) And Bank Of America (BAC): More Bad News

Posted: November 9, 2007 at 4:24 pm

According to Bloomberg "JPMorgan Chase & Co., the third- largest U.S. bank, said it held $40.6 billion in leveraged loans and unfunded commitments as of Sept. 30 that are difficult ...
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The 52-Week Low Club

Posted: November 9, 2007 at 4:18 pm

Citadel Broadcasting  (CDL) Big charge in last quarter on write-down of radio assets. Down to $2.31 from 52-week high of $11.01.Metropcs Communications (PCS) Potential merger candidate Leap has bad quarter. ...
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The Week of Stock Buybacks & Repurchase (COH, FIC, MIR, AVCT, HOT, AGO, HEES, CBG, TER, FDO, RWT, LH, VIGN, CSCO)

Posted: November 9, 2007 at 12:39 pm

Coach (NYSE:COH) has decided that the recent stock crush is a good opportunity to announce a $1 Billion share buyback plan. This represents roughly 30 million shares, or 5-times average ...
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VMWare (VMW) Says “Ouch”

Posted: November 9, 2007 at 10:48 am

VMWare (VMW) looked good out of the box. After its IPO, shares went from under $52 to over $125. But, as the stock hit $84.60 today, one-third of the peak ...
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Fannie Mae’s Filings & A Climate For Guidance Coma (FNM, FRE, BCS, WB, C, AIG, MER)

Posted: November 9, 2007 at 9:56 am

Fannie Mae (NYSE:FNM) is seeing shares trade much lower after net income fell by more than half in the first nine months now that SEC filings for Q1, Q2 and ...
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Pre-Market Stock News (November 9, 2007)

Posted: November 9, 2007 at 8:29 am

Allscripts (MDRX) traded down 25% after missing earnings estimates and after lower guidance for 2007 and 2008.American Tower (AMT) replacing Alltel (AT) in S&P.ARM Holdings plc (ARMHY) trading down about ...
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Barclays (BCS) Denies Damaging Rumors

Posted: November 9, 2007 at 8:17 am

According to Reuters "British bank Barclays Plc categorically denied rumors it was about to announce a $10 billion writedown and see its top management quit, after the market talk sent ...
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Top 10 Pre-Market Analyst Calls (ABH, ALKS, AMAT, DEO, EBAY, KNXA, MMM, PWAV, TKC, NRG, EIX, ETR)

Posted: November 9, 2007 at 8:00 am

Credit Suisse downgraded key power stocks: NRG Energy (NRG), Edison(EIX), and Entergy (ETR) all downgraded to Neutral on valuation afterlarge runs.The top 10 individual analysts calls 24/7 Wall St. is ...
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Wachovia (WB) Hit Hard By Losses

Posted: November 9, 2007 at 7:17 am

Wachovia (WB) is down 5% in the pre-market.According to Reuters the fourth-largest U.S. bank, said on Friday that it expected increased loan losses in the fourth quarter. In addition, the ...
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Tech Stock Values For Dummies

Posted: November 9, 2007 at 6:56 am

Yesterday's sharp sell-off in the Nasdaq showed the market something. In a downturn, the Apples (AAPL) and RIMMs (RIMM) of the world have an Achilles Heel. They have run up ...
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Europe Markets 11/9/2007

Posted: November 9, 2007 at 6:21 am

Markets in Europe were narrowly mixed at 6.15 AM New York time.The FTSE was up .3% to 6,398. BHP Billiton (BHP) was up 3.2% to 1709. BT (BT) was down ...
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Vioxx: Merck (MRK) Settled Too Early, Much Too Early

Posted: November 9, 2007 at 6:13 am

It has been a bloody and bitter fight. Merck's (MRK) pain killer Vioxx has been alleged to cause heart problems and worse. The drug hit the market in 1999 and ...
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