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Daily Archives: July 10, 2008

Intel (INTC) CEO Happy Talk Takes Shares Up

Posted: July 10, 2008 at 3:29 pm

Late in the day, Intel's (INTC) CEO said that the company was cutting its way through the recession like a hot knife through butter. The stock promptly jumped and ended ...
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The 52-Week Low Club (LEH)(FNM)(FRE)(SBUX)(AMD)

Posted: July 10, 2008 at 3:01 pm

AMD (AMD) Little hope that they PC and server businesses will lift revenue and the debt load looks bad in a credit crisis. Down to $4.75 from a 52-week high ...
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Starbucks (SBUX): The Dark Empire Hits A 52-Week Low

Posted: July 10, 2008 at 11:41 am

Howard Schultz, the CEO and founder of Starbucks (SBUX) is, by any measure, a fabulously wealthy man. He owns 4.4% of the company's shares. SBUX has a market cap of ...
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AMD (AMD) Hit 52-Week Low As Market’s Weak Are Buried

Posted: July 10, 2008 at 10:55 am

One of the hallmarks of a bear market is the the financially weak companies get their brains banged out. AMD (AMD) fits right in. Today it dropped to a new ...
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Fannie Mae & Freddie Mac: Do GSE’s Fail? Or Merge? (FNM, FRE)

Posted: July 10, 2008 at 9:24 am

The financial sector is reeling yet again over woes from GSE's.  In fact, there are now many traders betting that one or both are effectively worthless for common holders.  Both ...
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GE Going For Partial Break-Up (GE)

Posted: July 10, 2008 at 8:40 am

General Electric Co. (NYSE: GE) is announcing the spin off of lighting and appliances and is exploring alternatives for its consumer and industrial units.  This report originally came out on ...
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Tyco Doubles Down on Buybacks (TYC)

Posted: July 10, 2008 at 8:16 am

Tyco International Ltd. (NYSE: TYC) has decided to re-join the stock buyback regime seen elsewhere now that it has been a year since its break-up.  The company has announced that ...
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Marathon Shows Refining is Still Reeling (MRO, TSO, VLO)

Posted: July 10, 2008 at 8:04 am

Marathon Oil (NYSE:MRO) stock is indicated lower this morning in pre-open trading following release of the company's interim update for the second quarter.  Shares of Tesoro Corp. (NYSE: TSO) and ...
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Dow Chemical (DOW) Gambles Inflation Will Stay With Rolm and Hass (ROH) Buy-Out

Posted: July 10, 2008 at 7:17 am

Dow Chemical (DOW) recently raised prices on a number of its products by 20%. It said that the price of the core commodities it used in manufacturing was simply up ...
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Wachovia Initiates Alternative Energy (CPST, ELON, FCEL, ITRI)

Posted: July 10, 2008 at 7:05 am

Wachovia has initiated coverage of some alternative energy stocks this morning.  There may be other calls so we'll follow up with more later depending on the length and details.  Here ...
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Top Analyst Downgrades (CXR, ETM, ROCK, LUX, MAN, NVLS, VSE, ZUMZ)

Posted: July 10, 2008 at 7:03 am

These are some of the top DOWNGRADES we are seeing from Wall Street analysts this Thursday morning:Cox Radio (NYSE: CXR) Cut to Sell from Hold at Citigroup. Entercom (NYSE: ETM) ...
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Top Analyst Upgrades (AMAT, BP, CPST, EGLT, ELON, ITRI, KLAC, NSC, PQ, PCLN)

Posted: July 10, 2008 at 7:01 am

These are some of the top UPGRADES we are seeing from Wall Street analysts this Thursday morning:Applied Materials (NASDAQ: AMAT) Started as Buy at Banc of America.BP plc (NYSE: BP) ...
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Wal-Mart (WMT): Huge Jump In US Sales, The Middle Class Feels Poor

Posted: July 10, 2008 at 6:43 am

Wal-Mart (WMT) officially has back its swagger. Same-store sales at the world's largest retailer moved up 5.8% in June, well above industry estimates.For the period, revenue jumped almost 12% to ...
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Chemicals on Fire After Rohm & Haas Merger With Dow (ROH, DOW, BRK.A, APD, CE, EMN, ASD, HUN)

Posted: July 10, 2008 at 6:38 am

Rohm & Haas (NYSE: ROH) has agreed to be acquired by Dow Chemical (NYSE: DOW) in an $18.8 Billion dollar merger ($15.3 Billion in equity value).  The terms to shareholders ...
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Turner Broadcasting Hooks Up With Yahoo! (YHOO): A Meaningless Gesture

Posted: July 10, 2008 at 6:26 am

In another in a string of fairly useless announcement, Turner Broadcasting System and Yahoo! (YHOO) have entered a multi-year strategic alliance that will allow the two companies to collaborate on ...
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