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Daily Archives: July 11, 2008

The 52-Week Low Club (FNM)(FRE)(WB)(LEH)(AMD)(JAVA)

Posted: July 11, 2008 at 3:01 pm

Fannie Mae (FNM) Full-blow panic that it will fail. Down to $6.68 from 52-week high of $70.57.Freddie Mac (FRE) Panic. Falls to $3.89 from 52-week high of $67.20.Lehman (LEH) Panic ...
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Fed Offers Fannie Mae (FNM) And Freddie Mac (FRE) Help, Investors Don’t Care

Posted: July 11, 2008 at 2:34 pm

The Fed offered to open it emergency discount window to Fannie Mae (FNM) and Freddie Mac (FRE) to offer them the money they may need to remain solvent.Investors were not ...
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Feds Owe Ford (F) Almost $500 Million

Posted: July 11, 2008 at 1:55 pm

Things have been so bad at Ford (F) that there is nothing left to cause its stock to rally. High gas prices have be undermining sales of its profitable SUVs ...
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Broken Apple (AAPL) iTunes Servers Kill iPhone Activation

Posted: July 11, 2008 at 1:38 pm

Who thought that Apple's (AAPL) iTunes operations would screw up the launch of the 3G iPhone? Nobody. That's who.But, it turnsout that to activate the iPhone, part of the process ...
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Stocks Crash, But Still Aren’t Cheap. So Steady As She Goes

Posted: July 11, 2008 at 11:53 am

From Clusterstock: The DOW dipped below 11,000 this morning for the first time in two years. Worse, the stock market has now been flat for the better part of a ...
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AMD (AMD): Darling Of The Dead Stock Pool Takes Another Write-Down

Posted: July 11, 2008 at 11:36 am

When AMD (AMD) bought graphics chip maker ATI, it thought it was getting a deal. Nothing of the sort happened. AMD ended up with over $5 billion in debt. Larger ...
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Dodging The Dow Drop: Coke (KO), GE (GE), And Cat (CAT)

Posted: July 11, 2008 at 11:22 am

Twenty-seven of the Dow components are down. And, three are playing defense in an brutal market: Coca-Cola (KO), GE (GE), and Caterpillar (CAT). Each of these is up a modest ...
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Dodging The Dow Drop: Coke (KO), GE (GE), And Cat (CAT)

Posted: July 11, 2008 at 11:21 am

Twenty-seven of the Dow components are down. And, three are playing defense in an brutal market: Coca-Cola (KO), GE (GE), and Caterpillar (CAT). Each of these is up a modest ...
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Is Lehman The Next Bear Stearns? (LEH, JPM)

Posted: July 11, 2008 at 9:25 am

The financial services sector has gone from horrible to somewhat stabilizing and back to horrible and then looking even worse.  When you think of an old mantra that "Failure isn't ...
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Top Pre-Market Analyst Upgrades (ADBE, APC, APSG, CENX, CRDN, CVS, DRI, GOOG, QCOM, STLD, SPWR, YUM)

Posted: July 11, 2008 at 7:42 am

There seemed to be more upgrades this morning than there were downgrades from Wall Street analysts.  Here is a snapshot of some of our key analyst calls we saw:Adobe Systems ...
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Top Analyst Downgrades (AMAT, CSCO, ELX, TUES, UHS)

Posted: July 11, 2008 at 7:38 am

These are some of the downgrades or more cautious calls from Wall Street analysts this Friday morning:Applied Materials (NASDAQ: AMAT) Cut to Hold from Buy at Citigroup.Cisco Systems (NASDAQ: CSCO) ...
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Oil Hits Record At $146, Chances Of Deep Recession Grow

Posted: July 11, 2008 at 7:25 am

The price of oil hit $146 today on fears of instability in Iran, Nigeria, and production problems in Brazil.If oil stays at this level, the price of gas is likely ...
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InBev Raises BUD Offer, Should Win Bid At $70

Posted: July 11, 2008 at 6:56 am

InBev has raised its offer for Anheuser-Busch (BUD) which should seal its takeover of the US beer company.According to The Wall Street Journal, "Anheuser's board is likely to accept the ...
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Fannie Mae (FNM) And Freddie Mac (FRE) Fall 25% On News Of Possible Government Takeover

Posted: July 11, 2008 at 6:49 am

Shares of Fannie Mae (FNM) and Freddie Mac (FRE) are down about 25% in the pre-market on news that the government may take over the firms, taking the value of ...
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GE (GE) Beats The Street, NBCU Still A Dog

Posted: July 11, 2008 at 5:45 am

GE (GE) hit Wall St.'s EPS forecast at $.54 and beat revenue estimates coming in at $46.9 billion above the $45.3 billion concensus.The revenue increase was 11% over the same ...
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