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Daily Archives: January 10, 2008

Financial Mergers May Be Mandated Rather Than Preferred (WFC, CFC, BAC, AXP, ABK, MBI, BX, COF, WM, WFC, ETFC, BSC, GS, SLM, JPM, STI, FITB, WB, NLY, CIM, BRK-A)

Posted: January 10, 2008 at 4:49 pm

There have been major reports for days and weeks that have revolved around many financial services, banks, lenders, and the like merging.  The truth is that the carnage in the ...
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American Express (AXP) Joins Line Of The Weak

Posted: January 10, 2008 at 4:15 pm

American Express (AXP) said the economy is getting worse. The company will take a pre-tax charge of approximately $440 million (approximately $275 million after-tax) for the fourth quarter. In light ...
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The 52-Week Low Club (COF)(NT)(MW)(BKS)

Posted: January 10, 2008 at 4:00 pm

Men's Warehouse (MW) No one wants shirts, coats, and ties. Falls to $16.76 on bad same-store sales. Down from 52-week high of $56.64.Barnes & Noble (BKS) Poor sales and weak ...
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Bernanke Say Rates May Fall

Posted: January 10, 2008 at 2:54 pm

According to WSJ.com Federal Reserve Chairman Ben Bernanke opened the door to aggressive interest-rate reductions, saying downside risks to the economy "have become more pronounced." Douglas A. McIntyre ...
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Bank of America (BAC) To Buy Countrywide (CFC)?

Posted: January 10, 2008 at 2:48 pm

A report at WSJ.com says that Bank of America (BAC) is in advanced talks to buy Countrywide (CFC).CFC shares are up 43% on the newsDouglas A. McIntyre ...
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NY AG May Be AMD’s Only Friend (AMD, INTC)

Posted: January 10, 2008 at 11:30 am

Intel Corp. (NASDAQ:INTC) is seeing shares down close to 2% today at $22.34 on word that New York Attorney General Cuomo is probing Intel on antitrust issues.  The truth is ...
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AMD (AMD) Trading Up On Intel (INTC) Investigation

Posted: January 10, 2008 at 11:26 am

AMD (AMD) shares are trading up as much as 4%. NY Attorney General Andrew Cuomo says he is investigating possible violations of state and federal antitrust laws by Intel Corp ...
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Sharp Sell-Off For Akamai (AKAM)

Posted: January 10, 2008 at 10:32 am

Akamai (AKAM) shares quickly turned South this morning and moved down over 9% on heavy volume. The stock has touched $25.97 today, a 52-week low.Douglas A. McIntyre ...
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Microsoft Might Buy Logitech… And It Should (MSFT, LOGI, MCZ)

Posted: January 10, 2008 at 10:20 am

Shares of Logitech (NASDAQ: LOGI) are trading up over 8% in early Thursday trading.  The maker of keyboards, mouses, PC-cams, microphones, and all other computer peripherals is trading up on ...
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NCR Dodges The Retail Blues, Thanks To Automated Checkout Terminals (NCR, TDC)

Posted: January 10, 2008 at 9:59 am

NCR Corp. (NYSE: NCR), formerly known as National Cash Register, is managing to raise earning per share targets.  While there are always companies that do well and while some companies ...
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Newspaper News (MNI)(JRC)(GCI)(NYT)

Posted: January 10, 2008 at 9:57 am

The news about the demise of newspapers is now at least two years old. Each month newspaper chains put out their advertising numbers and each month they are worse.The only ...
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Morning Rumor III: Microsoft (MSFT) Still Wants To Own Yahoo! (YHOO)

Posted: January 10, 2008 at 9:37 am

If it has been said once, it has been said a thousand times. Microsoft (MSFT) would like to buy Yahoo! (YHOO) to challenge the online search and web presence of ...
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Goldman Sachs Lowers Financial Estimates (AB, ABLk, BLK, CLMS, CME, BEN, GBL, IVZ, JNS, NITE, LAB, LM, MKTX, NYX, TROW, PZN, NDAQ, TRAD)

Posted: January 10, 2008 at 9:22 am

Goldman Sachs has lowered estimates on many financial services players this morning:AllianceBernstein (AB) (buy);AMBAC Financial (ABK) (neutral);Blackrock (BLK) (buy);Calamos Asset Mgmt. (CLMS) (neutral);CME Group (CME) (buy);Franklin Resources (BEN) (neutral); Gamco ...
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The Ultra-Lite Car From Tata (TTM): Why Not For US?

Posted: January 10, 2008 at 9:10 am

It is easy to look at Tata's (TTM) new mini-car, which will sell for $2,500 in India, and laugh. It is smaller than the Honda (HMC) Civics which came into ...
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Top 10 Pre-Market Analyst Calls (AW, CPT, ESPG, GSIC, GE, EFII, IR, MVSN, SAI, UPS)

Posted: January 10, 2008 at 9:04 am

These aren't the only analyst calls moving stocks this morning, but these are the ones that 247WallSt.com is focusing on:Allied Waste (AW) downgraded to Neutral at JPMorgan.Camden Property (CPT) downgraded ...
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