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Daily Archives: December 3, 2007

Countrywide (CFC): No Chapter 11, Again

Posted: December 3, 2007 at 7:36 pm

The head of Countrywide (CFC) stated his case, once more, that the mortgage lender is not a candidate for Chapter 11. But, Angelo Mozilo does appear to like the topic. ...
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Cramer’s Hidden Video Game Investment (ATVI, ERTS, VIA, PWRD)

Posted: December 3, 2007 at 6:29 pm

On tonight's MAD MONEY on CNBC, Jim Cramer was promoting his new book and he advised buying one share of stock for your kids out there in a product and ...
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The Day In Stock Buybacks (SMTC, ASI, EQR, DFS, LCUT, IBM, CPT)

Posted: December 3, 2007 at 5:59 pm

Semtech (NASDAQ:SMTC) has purchased a total of 9,836,066 shares of its common stock for an aggregate price of $169.4 million under an accelerated buyback plan; it intends to resume purchasing ...
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CMGI’s Mixed Earnings Bag (CMGI)

Posted: December 3, 2007 at 5:14 pm

CMGI Inc. (NASDAQ:CMGI) earnings have been released.  Surprisingly enough, it seems as though that because it is not a $1 or $2 stock any longer that no one is trading ...
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The 52-Week Low Club

Posted: December 3, 2007 at 4:00 pm

Verifone (PAY) Company says it will restate results. Down to $23.67 from 52-week high of $50.Bearingpoint (BE) CEO leaves. Big quarterly loss. Falls to $2.65 from 52-week high of $8.56.Blockbuster ...
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GM (GM) Sales Tumble

Posted: December 3, 2007 at 2:02 pm

GM's (GM) shares sold off almost 5% on news that it sold 261,273 cars and light trucks in the United States in November compared to 293,558 vehicles a year earlier, ...
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La-Z-Boy Clients On Recliners Instead of Shopping (LZB, STLY, ETH)

Posted: December 3, 2007 at 1:03 pm

It's of no surprise when you see a furniture maker or anything at all tied to "in home buying" very weak.  But some of these sell-offs go from mild, to ...
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Finally, Some Good News From Ford (F)

Posted: December 3, 2007 at 12:14 pm

November was supposed to be ugly for domestic car sales, but Ford (F) did fine.Ford sales totaled 182,951, up 0.4 percent versus a year ago. The company had seen 12 ...
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Cramer Sticks With Horsemen of Tech To Year-End (RIMM, AAPL, GOOG, AMZN, GRMN)

Posted: December 3, 2007 at 11:57 am

Jim Cramer on TheStreet.com videos is staying positive on his "Horsemen of Tech" and he said that today is mark-up day and fund managers will want to own these winning ...
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Analyst Report Takes GE Back Under 200-Day Moving Average (GE)

Posted: December 3, 2007 at 11:37 am

General Electric Co. (NYSE:GE) shares are feeling a sting today after Citigroup lowered certain targets for the company:  Citi's official price target has been cut from $48.00 down to $45.00;Citi's ...
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Markets Start To Worry About RIM (RIM)

Posted: December 3, 2007 at 11:32 am

Research-In-Motion (RIMM), the famous Blackberry marketer, is having a rough time. After its stock made a huge run taking it up over  200% YTD in early November, it has sold ...
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Options Traders Knew Something Fishy At VeriFone (PAY)

Posted: December 3, 2007 at 10:12 am

We've already covered the reasons behind the monumental share price drop being seen at VeriFone (NYSE:PAY).  But what is interesting is that it really looks like the options traders must ...
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VeriFone Does The Unthinkable (PAY)

Posted: December 3, 2007 at 9:49 am

VeriFone (NYSE:PAY) is seeing shares crushed today after the company issued a release stating that it was going to restate financial results and quarterly financial statements for 2007.  This is ...
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Analyst Calls On E*Trade Look Worse

Posted: December 3, 2007 at 9:05 am

The median target price for E*Trade (ETFC) among analysts polled by Thomson/First Call is $9. Today, Bank of America cut the stock to "sell" and it is trading below $4. ...
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Pre-Market Stock News (December 3, 2007)

Posted: December 3, 2007 at 8:22 am

Below is the top pre-market news out of individual stocks:Activision (ATVI) merges with Vivindi's Blizzard (roughly 68% stake) to form giant video game company; ATVI shares up about 26%.Bruker BioSciences ...
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