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Daily Archives: July 29, 2008

Obama

What is Obamanomics?

Posted: July 29, 2008 at 6:29 pm

Presumptive Democratic nominee Barack Obama, who just finished a well-received trip to Europe, is turning his attention to economics.Obama today was scheduled to meet with Federal Reserve Chairman Ben Bernanke ...
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House

Housing Market Continues To Plunge

Posted: July 29, 2008 at 6:24 pm

The housing market continues to be in freefall.The S&P/Case-Shiller Index plunged 15.8 percent in May, the biggest decline since records began being kept in 2001. All 20 Metropolitan Statistical Areas ...
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Cramer Attacks John Thain of Merrill Lynch (MER, NYX)

Posted: July 29, 2008 at 5:28 pm

On CNBC's MAD MONEY tonight, Jim Cramer came out and added the Merrill Lynch (NYSE: MER) CEOJohn Thain to his "Wall of Shame" full of CEO's that he wants to ...
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Align’s Guidance: Wearing a Retainer in Public (ALGN)

Posted: July 29, 2008 at 4:09 pm

Align Technology Inc. (NASDAQ: ALGN) has just posted some mixed earnings.  Regardless of Wall Street's and Main Street's love of Invisalign, the stock is being pounded.  The company reported earnings ...
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Electronic Arts: Earnings Weighed Against Valuation (ERTS, TTWO)

Posted: July 29, 2008 at 3:29 pm

Electronic Arts Inc. (NASDAQ: ERTS) has reported its video game numbers for investors today.  The company's net was -$0.30 in GAAP EPS on $804 million in revenues (misleading numbers).  Before ...
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52-Week Low Club (AUO, CVI, DIET, ENTR, FDP, GLBL, OIIM, PCCC, SNE, TNC, TRID, ZRAN)

Posted: July 29, 2008 at 2:35 pm

Today's list of stocks is somewhat void of financial stocks, yet many of these you'll recognize. Here are today's 52-week lows:AU Optronics Corp. (NYSE: AUO) stock rose over prior lows ...
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First Solar: Analysts Target $350 to $450 Before Earnings (FSLR)

Posted: July 29, 2008 at 11:31 am

Despite the drop in oil prices and despite a bear market in general, it is still easy to find those who think some alternative energy stocks are headed much higher.  ...
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Can Gas Prices Make It Back To $3 This Year?

Posted: July 29, 2008 at 10:35 am

Through much of the spring and early summer, Wall St. experts and oil analysts said gasoline could break above the $5 barrier as oil moved close to $150 a barrel ...
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National Oilwell Varco Backlog Sets Rig Stock Standards (NOV, BHI, RIG)

Posted: July 29, 2008 at 10:22 am

Excluding special items, National Oilwell Varco (NYSE:NOV) reported second quarter 2008 income of $486.5 million, or $1.20 EPS. During the quarter, the company paid $62.5 million related to its merger ...
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Palm’s Centro Leads Shares (PALM, S, VZ)

Posted: July 29, 2008 at 9:23 am

Palm, Inc. (NASDAQ: PALM) has not been without its problems.  But there seems to be a saving grace here with strong unit sales.  The Palm Centro has now reached its ...
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Rackspace IPO Closer to Market

Posted: July 29, 2008 at 9:09 am

It doesn't take a rocket scientist to realize that the IPO market is limited or closed to most markets.  But solid companies with solid growth stories can still tap the ...
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SIRIUS Dilution & Low Convertible Debt Price Weigh On Shares (SIRI, XMSR)

Posted: July 29, 2008 at 8:55 am

SIRIUS Satellite Radio, Inc. (NASDAQ: SIRI) has finally completed its merger with XM Satellite Radio (XMSR).  In fact, SIRIUS is the only surviving stock now as XM doesn't trade any ...
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Valero Hits the Wall, Yet Bounces (VLO)

Posted: July 29, 2008 at 8:28 am

Valero Energy Corp. (NYSE:VLO) reported more bad news this morning on the earnings front, even though the bad news isn't as bad as many feared. Second quarter income from continuing ...
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Aus

Starbucks (SBUX) Dumps Kangaroos and Koalas

Posted: July 29, 2008 at 8:17 am

Australia, formerly the world's largest penal colony, will loss three-quarters of its Starbucks (SBUX) stores this week. That totals 61 locations. Starbucks will only keep its stores in Brisbane, Melbourne ...
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Goog

Google (GOOG) Operating Division Valuations, Undermining Market Cap

Posted: July 29, 2008 at 7:11 am

Google (GOOG) has a market cap of $150 billion. The company runs twenty properties each of some significant size from YouTube to Google Earth. Some of these operations probably add ...
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