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Daily Archives: June 24, 2008

Sonic’s Earnings Aren’t Immune (SONC)

Posted: June 24, 2008 at 4:13 pm

Sonic Corp. (NASDAQ: SONC) has come out after the close with reduced guidance. The outdoor drive-up burger chain is feeling the pinch from raw materials costs, labor costs, food costs, ...
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StemCells Shelf Filing Seems Almost ‘Re-IPO’ (STEM)

Posted: June 24, 2008 at 3:55 pm

StemCells Inc. (NASDAQ: STEM) has filed a mixed securities shelf registration that will allow the company to raise up to $100 million in securities sales via any combination of stock, ...
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Evergreen Solar Decides To Sell $300M In Convertible Notes (ESLR)

Posted: June 24, 2008 at 3:29 pm

Evergreen Solar, Inc. (NASDAQ: ESLR) came out after the close of trading today with the announcement that it filed a shelf registration statement to sell $300 million in senior convertible ...
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3Com (COMS) Posts Its Year

Posted: June 24, 2008 at 3:14 pm

3Com (COMS) posted numbers for its fiscal year.Revenue in the quarter was $321.3 million compared to revenue of $310.9 million in the corresponding period in fiscal 2007, a 3 percent ...
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The 52-Week Low Club (UPS)(RHD)(UFS)(SSCC)

Posted: June 24, 2008 at 2:58 pm

UPS (UPS) Cuts earnings forecasts. Down to $62.18 from 52-week high of $78.99.R H Donnelley (RHD) Big printer up against fall in demand and high costs. Sells off to $3.19 ...
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Monsanto Set Up For Earnings (MON)

Posted: June 24, 2008 at 11:58 am

Monsanto Co. (NYSE: MON) is set to report earnings on Wednesday morning pre-market with a conference call to follow at 9:30 AM EST opening bell.  The seed and agricultural giant ...
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Exchange Wars: What Will NYSE Get From Qatar? (NYX, NDAQ, CME)

Posted: June 24, 2008 at 10:58 am

NYSE Euronext (NYSE Euronext: NYX) has signed a strategic partnership with the State of Qatar in a bid that may transform the Doha Securities Market.  The visibility is aimed to ...
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Greenspan, Out Of Touch With Reality, Prattles On

Posted: June 24, 2008 at 10:35 am

Now that Alan Greenspan has returned from his book tour, he spends his days at the race track. His family pins a note on his shirt so that the other ...
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Eastman Kodak Shrinking Itself After IRS Refund (EK)

Posted: June 24, 2008 at 8:45 am

Eastman Kodak Co. (NYSE: EK) has a few developments this morning that are acting to help the stock.  For starters the company has announced a $1 Billion share repurchase program, ...
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Oil & Gas Top Analyst Calls (CPX, FSYS, KEG, PXD, STO)

Posted: June 24, 2008 at 8:15 am

These are some of the analyst calls impacting oil and gas related shares so far this morning from Wall Street research firms:Complete Production Services (NYSE: CPX) Raised To Overweight By ...
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Reliance Steel Surges To All-Time Highs on Guidance (RS)

Posted: June 24, 2008 at 8:01 am

Reliance Steel & Aluminum Co. (NYSE: RS) is seeing a surge in pre-market trading this Tuesday after the company raised its guidance.  Reliance expects its earnings to now come in ...
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As Inflation Rises, Productivity Moves In To Save Economy

Posted: June 24, 2008 at 7:54 am

The market took the UPS (UPS) news hard. High fuel prices and slowing customer demand made the company cut its earnings forecasts, just as rival Fedex (FDX) did a week ...
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Could Wall St. Lose 200,000 Jobs?

Posted: June 24, 2008 at 7:40 am

Executives recruiters are estimating that total lay-offs at major Wall St firms could rise to 175,000 or more. Bloomberg writes that "As more employees are fired, workforce reductions may exceed ...
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Advanced Battery Tech Signs $5M Pact In China (ABAT)

Posted: June 24, 2008 at 7:36 am

Advanced Battery Technologies, Inc. (NASDAQ: ABAT) has signed a contract with Quanzhou Hongtian Science & Technology Development Co., Ltd. (QHSTD) in a deal valued at some $5 million.  Advanced Battery ...
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Top 10 Pre-Market Analyst Calls (ADBE, CRL, GEOY, NOKU, HUN, IVGN, LRCX, NVO, RTN, YHOO)

Posted: June 24, 2008 at 6:43 am

These are not all of the calls we are seeing in pre-market coverage, but these are ten of the calls impacting shares this Tuesday morning:Adobe (NASDAQ: ADBE) raised to Overweight ...
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