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Daily Archives: December 13, 2007

Goldman Sachs Changes Exchange Call on Conviction Buy List (ICE, CME)

Posted: December 13, 2007 at 9:21 am

In a coverage swap this morning, Goldman Sachs has made a change to its closely followed CONVICTION BUY LIST.  Goldman is adding InterContinental Exchange, Inc. (NYSE:ICE) and removing the Chicago ...
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How Long Until Producer Prices Drop To Consumer Prices? (TLT)

Posted: December 13, 2007 at 9:00 am

This morning we saw the release of the Producer Price index, or wholesale inflation.  Inflation is the key word today.  The headline PPI number for November came in at +3.2%.  ...
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Nintendo Wii Is What Online Shoppers Want

Posted: December 13, 2007 at 8:39 am

According to Hitwise, online shoppers can't get enough of the Nintendo Wii. The research firms writes "U.S. searches for the Wii have increased 274 percent this past week compared to ...
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Savient’s New Gout Treatment Hits Targets (SVNT)

Posted: December 13, 2007 at 8:38 am

Savient Pharmaceuticals Inc. (NASDAQ: SVNT) is seeing its shares surging in pre-market trading.  The company showed statistically significant positive results for the Puricase Phase III study in treatment-failure of gout ...
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Lehman Beats on Mixed Bag (LEH)

Posted: December 13, 2007 at 8:23 am

Lehman Brothers (NYSE: LEH) is posting net income of $886 million.  On a earnings per share basis it posted $1.54 EPS versus $1.42 EPS estimates and revenues were $4.4 versus ...
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Countrywide (CFC) Loan Activity Takes Sharp Drop

Posted: December 13, 2007 at 8:12 am

According to numbers provided by Countrywide (CFC) Mortgage loan fundings for the month of November 2007 totaled $23 billion, a 40 percent decline from November 2006.Average daily mortgage loan application ...
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Top 10 Pre-Market Analyst Calls (BIIB, BMC, COF, CLNE, FSLR, PLT, PMCS, RHT, SLM, WM)

Posted: December 13, 2007 at 8:05 am

There are many other analyst calls today, but these are the main calls we are looking at this morning:Biogen Idec (BIIB) raised from Underperform to Neutral at Credit Suisse.BMC Software ...
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CostCo’s (COST) Big Disappointment

Posted: December 13, 2007 at 7:32 am

CostCo's (COST) shares are down 5% in the pre-market after it turned in what appeared to be good numbers.No good enough. Net sales for the first quarter of fiscal 2008 ...
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November Online Financial Site Stats: Yahoo! (YHOO) Losing Its Lead

Posted: December 13, 2007 at 7:12 am

Based on November online audience numbers from comScore, Yahoo! Finance (YHOO) is losing the huge lead that it once had over MSN Money (MSFT) and AOL Finance (TWX). In November ...
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Fox Business Online Gains On CNBC.com

Posted: December 13, 2007 at 6:36 am

No one is giving out figures on how well the new Fox Business channel is doing on cable. And, rival CNBC is not saying anything either. But, online Fox has ...
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Viacom’s (VIA) Paramount Dodges Movie Theaters With New “Jackass”

Posted: December 13, 2007 at 6:30 am

"Jackass" is a series of disgusting films based on an MTV show. The real live characters do things like drink the body fluids from animals. Or worse.The first two installments ...
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More Bad News For Qualcomm (QCOM)

Posted: December 13, 2007 at 6:14 am

Qualcomm (QCOM) does not lose every legal battle it fights. It just seems that way. After set-backs in patent cases against rival Broadcom (BRCM), it has been in court with ...
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Europe Markets 12/13/2007

Posted: December 13, 2007 at 6:00 am

Markets in Europe were down sharply at 6 AM New York time.The FTSE fell 1.6% to 6,452. Barclays (BCS) was off 4.7% to 530. BHP Billiton (BHP) was off 3.1% ...
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Lloyd Blankfein’s $70 Million Pay Day

Posted: December 13, 2007 at 5:51 am

Word out yesterday was that Richard Fuld, CEO of Lehman (LEH), would make $35 million for his year's work. Lehman stock is down over 20% this year. But, the company's ...
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Will The Market Pick Its Poison? Oil Or Interest Rates?

Posted: December 13, 2007 at 5:36 am

The first thing the price of oil did yesterday, when the Fed said it would do more to help the overall economy, was to move up 5% to $94. There ...
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