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Daily Archives: July 24, 2008

Bear

Short Sellers Trash Financials And Autos (FNM)(FRE)(YHOO)(JAVA)(JNPR)(NOK)(QCOM)(GM)(F)(ETFC)(WB)(BAC)(ABK)(LEH)(MBI)

Posted: July 24, 2008 at 7:10 pm

Regulators may be trying to keep short sellers out of a few financial stocks, but that is not keeping large bets against most other stocks from rising. While some ...
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Crocs Stock Now Exponentially Uglier Than Its Shoes (CROX)

Posted: July 24, 2008 at 4:12 pm

Crocs, Inc. (NASDAQ: CROX) just joined the category of stocks that the old term of "S.N.A.F.U." would apply to.  The maker of the faddish and notoriously ugly shoes came out ...
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Looking Inside Wynn’s Vault (WYNN)

Posted: July 24, 2008 at 3:18 pm

We just got earnings out of Wynn Resorts Ltd. (NASDAQ: WYNN).  The ultra-high-end casino operator posted non-GAAP EPS of $1.11 on revenues of $825.2 million (after a 50% gain in ...
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Baker Hughes Unleashing Cash (BHI)

Posted: July 24, 2008 at 3:01 pm

Baker Hughes Incorporated (NYSE: BHI) has decided to release some of its cash as a reward for its shareholders.    The company has just jacked up its dividend to $0.15 ...
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Sad_clown

The 52-Week Low Club 7/24/2008 (CDNS)(SVU)(MU)(TIE)(CMG)(WFR)

Posted: July 24, 2008 at 2:56 pm

MEMC Electronic Materials (WFR) Results miss Wall St. forecasts. Falls to $41.58 from 52-week high of $96.08. Chipotle Mexican Grill (CMG) Analyst downgrades. Shares off to $67.26 from 52-week high ...
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Steve Wynn About To Show His Pocketbook (WYNN)

Posted: July 24, 2008 at 2:07 pm

Very shortly after today's close we are going to get a good glimmer into the overall health of casino stocks as Wynn Resorts Ltd. (NASDAQ: WYNN) is going to be ...
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Level 3 Becomes a Leveraged Sentiment Proxy (LVLT)

Posted: July 24, 2008 at 1:43 pm

Level 3 Communications Inc. (NASDAQ: LVLT) is seeing shares under pressure today after its quarterly earnings report.  What is interesting is that nothing has really changed on the micro-level since ...
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For_sale_sign

Pimco’s Gross Says Mortgage Write-Downs To Hit $1 Trillion

Posted: July 24, 2008 at 12:24 pm

Bill Gross of Pimco, perhaps the most famous bond investor in the world, says that bank write-offs for mortgage-related paper are far from over.In a note today he said "PIMCO ...
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With Shares Low, E*Trade (ETFC) Becomes Buy-Out Target, Again

Posted: July 24, 2008 at 12:03 pm

E*Trade (ETFC) had a bad quarter, in large part due to provisions for loan losses of $319 million. The company posted a net loss for the quarter of $119 million ...
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Oil Patch Results Seeing Very Mixed Reviews (SU, EPD, ECA, SII)

Posted: July 24, 2008 at 11:35 am

Before today's opening bell, four players in the oil patch released their second quarter numbers. Suncor (NYSE:SU), Enterprise Products Partners (NYSE:EPD), EnCana (NYSE:ECA), and Smith International (NYSE:SII) all posted good ...
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Citigroup (C) To Raise $11 Billion?

Posted: July 24, 2008 at 11:14 am

Citigroup (C) may be looking at another $7 billion in write-offs and will probably have to raise $11 billion in new capital. If Morgan Stanley's analysis about the big bank ...
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XM Takes on More Debt Refinancing Ahead of Merger (XMSR, SIRI)

Posted: July 24, 2008 at 10:46 am

It has been known that mandatory debt refinancing was coming down the pipe for both XM Satellite Radio Inc. (NASDAQ: XMSR) and for Sirius Satellite Radio inc. (NASDAQ: SIRI).  We ...
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Windows

Skeptical Ahead of Microsoft’s Analyst Meeting? (MSFT)

Posted: July 24, 2008 at 10:20 am

Today is the Financial Analyst Meeting for Microsoft Corporation (NASDAQ: MSFT).  This will run from 11:30 AM EST to 6:55 PM EST and it is open to the public.The good ...
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Montezuma Visits Chipotle Shareholders (CMG, MCD)

Posted: July 24, 2008 at 9:37 am

Chipotle Mexican Grill, Inc. (NYSE: CMG) has been one of the greatest spin-off stories around in the restaurant sector this decade.  McDonald's (NYSE: MCD) spun this company off in an ...
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Did SemGroup Drive the Fall in Crude Prices? (SGLP, TYG, TYN, TYY)

Posted: July 24, 2008 at 9:00 am

Late yesterday afternoon, a bankruptcy court in Delaware has approved SemGroup LP's Chapter 11 filing. One of the company's subsidiaries, SemGroup Energy Partners LP (NASDAQ:SGLP), is publicly traded and not ...
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