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Daily Archives: March 17, 2008

Cramer: Defensive Stocks Are The New Good Banks (PEP, KO, PG, CL)

Posted: March 17, 2008 at 5:42 pm

On tonight's MAD MONEY on CNBC, Jim Cramer noted that he wanted to look for the new banks.  Even thougfh these aren't really banks, they are the defensive stocks that ...
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Thornburg Mortgage Files To Tap Securities Sales (TMA)

Posted: March 17, 2008 at 5:14 pm

Thornburg Mortgage Inc. (NYSE: TMA) has filed an open shelf registration with the SEC to sell securities from time to time in the form of debt securities, common stock, preferred ...
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IPO FILING: American Capital Agency Corp. (AGNC, ACAS)

Posted: March 17, 2008 at 4:42 pm

A newly created firm called American Capital Agency Corp. has filed to come public.  This is a newly-organized Delaware corporation that was formed to invest exclusively in single-family residential mortgage ...
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GameStop Earnings To Set 2008 Video Game Expectations (GME)

Posted: March 17, 2008 at 4:21 pm

Tuesday morning we’ll get to see earnings out of GameStop Corp. (NYSE: GME). The estimates for the largest pure-play video game retailer from First Call are $1.12 EPS on $2.89 ...
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ETF/ETN Launch: Chinese & Indian Currencies (CNY, INR)

Posted: March 17, 2008 at 3:57 pm

The NYSE today launched the first two Morgan Stanley Exchange-Traded Notes (ETNs) with Van Eck Securities Corporation as the exclusive marketer.  These ETN launches are under the market Vectors, which ...
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The 52-Week Low Club (BSC)(LEH)(C)(MER)

Posted: March 17, 2008 at 2:55 pm

Bear Stearns (BSC) For those not on the planet today, firm was bought out by JP Morgan (JPM). Shares fall to $2.84 from 52-week high of $159.36.Lehman Brothers (LEH) Fall ...
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IPO Withdrawl: Renewable Energy Group (RWE)

Posted: March 17, 2008 at 2:19 pm

Renewable Energy Group has withdrawn its application to come public via an IPO.  You can probably guess the culprit: "....current market conditions do not support a public offering of the ...
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Companies With Big Debt Loads Take Pounding (CHTR)(BSX)(LVLT)(AMD)(MNI)

Posted: March 17, 2008 at 1:58 pm

Wall St. has gone from hating financial firms with bad balance sheets to hating all companies with big pools of debt.With the crisis which has evolved over the last few ...
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Biotech Movers & Shakers (AMGN, CRME, DNDN, GNVC, DNA, QLTI, TBRN, BBH, XBI)

Posted: March 17, 2008 at 12:30 pm

Biotech’s are sliding along with all the others today. A look at the highlights and outliers:Amgen (NASDAQ: AMGN) and Wyeth (NYSE: WYE) announced that arthritis and psoriasis drug Enbrel will ...
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Will Billionaire Joe Lewis Be Wiped Out By Bear Stearns (BSC) Collapse?

Posted: March 17, 2008 at 11:18 am

Billionaire Joe Lewis invested in Bear Stearns (NYSE BSC), buying as much as 10% of the brokerage firm.Now, he may be out over $1 billion. On Sunday, the Times wrote ...
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A Lucky Day at Cardiome Pharma (CRME)

Posted: March 17, 2008 at 10:17 am

Cardiome Pharma (NASDAQ: CRME) picked a bad day for good news.According to the AP the company announced "interim midstage data showed its experimental drug vernakalant was safe and effective in ...
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SPAC IPO FILING: National Security Solutions Inc. (NSX, GE)

Posted: March 17, 2008 at 10:02 am

Another blank check company has joined the list of pending IPO's.  National Security Solutions Inc. is the next SPAC or special purpose acquisition company to submit an IPO filing. The ...
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Ascent Solar Pounded Over Secondary Offering (ASTI)

Posted: March 17, 2008 at 9:40 am

Shares of Ascent Solar Technologies (NASDAQ: ASTI) are down over 13% this morning after the company filed with the SEC Friday to sell common stock worth $80 million. $80 million ...
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Investors Searching For Defensive Safe Havens (PEP, MRK, JNJ, KO, BUD, KFT, CAG, CPB, HRL, MCD, MO, PG, CL)

Posted: March 17, 2008 at 9:28 am

Investors usually try to find stocks where they run for cover when the stock market is in turmoil.  This Monday is no exception after seeing the Bear Stearns implosion "takeunder" ...
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What Stocks Aren’t Dropping, Much (MSFT)(GE)(CSCO)(INTC)(DELL)(QCOM)(AAPL)

Posted: March 17, 2008 at 8:42 am

For those intrepid enough to go into the market today, there are some stocks that are down under 1%. Some are even up slightly.A shopping list for the insane: Micrsoft ...
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