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Daily Archives: August 1, 2008

Sad_clown

The 52-Week Low Club (ELN)(GHS)(GFI)(CBS)(TOMO)(BIIB)

Posted: August 1, 2008 at 2:43 pm

Elan Corporation (ELN) Problems with one of the company's major drugs. Falls to $9.55 from 52-week high of $37.45.Gatehouse (GHS) More poor newspaper earnings raise issue of whether company is ...
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Icahn

Why Carl Icahn Is Good For Investors

Posted: August 1, 2008 at 2:19 pm

In an editorial in The Wall Street Journal, UCLA law professor Lynn A. Stout argues that activist investors like Carl Icahn "rob average investors of better returns."She writes that "They ...
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Gm20jpeg20image_2

July Car Sales Better Than Expected, Except At GM (GM)

Posted: August 1, 2008 at 1:18 pm

GM's (GM) poor earnings were matched by its July sales. US light vehicle deliveries dropped 26.1% to 233,340 units from a year ago. Total truck deliveries declining 35.4% to 129,849 ...
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Cisco_logo

Next Week’s Top Six Earnings Previews (CSCO, PG, FRE, S, TWC, SIRI)

Posted: August 1, 2008 at 12:40 pm

Next week we may have the FOMC meeting, but analysts and economists are looking for no change in rates with the language growing more hawkish on inflation and more cautious ...
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Kraft Options Continue Volume Surge (KFT)

Posted: August 1, 2008 at 11:15 am

This has been a very unusual week over at Kraft Foods Inc. (NYSE: KFT).   Interestingly enough, this may be irrelevant from the company's significant earnings win at the start of ...
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Good Earnings Aren’t Always Enough (CVX, EGO, EQT, TDW)

Posted: August 1, 2008 at 10:30 am

Pre-open earnings came out today for Chevron (NYSE:CVX), El Dorado Gold (NYSE:EGO), Equitable Resources, (NYSE:EQT), and Tidewater (NYSE:TDW). Two play in the oil and gas patch, one is an oilfield ...
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CardioNet Defies Prior Secondary Trends (BEAT)

Posted: August 1, 2008 at 10:16 am

CardioNet, Inc. (NASDAQ: BEAT) is holding up rather well considering the discount pricing of a secondary offering.  The company sold 5 million shares at a price of $26.50 per share.  ...
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Tysabri_logo

Why Biogen & Elan TYSABRI News Should Have Been Expected (BIIB, ELN)

Posted: August 1, 2008 at 9:24 am

This morning's share price reaction seen in Biogen-Idec Inc. (NASDAQ: BIIB) and Elan Corp. plc (NYSE: ELN) is severe.  We do not want to try to sound as though this ...
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Celebrating The Jobs Numbers, At The Dollar Store

Posted: August 1, 2008 at 7:44 am

The employment data for June was far from good, but also was not as bad as many estimates.  You can gleam some good news if you want but the "less ...
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Sunmicrologo

Sun Microsystems (JAVA) Continues To Float Down

Posted: August 1, 2008 at 7:10 am

Sun Microsystems (JAVA) announced a $1 billion share buy-back. It was not much of a beard to put on its particularly poor earnings. (more...) ...
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Top Pre-Market Analyst Downgrades (FMR, GOL, HNSN, IMCL, MNST, OSIR, WYE)

Posted: August 1, 2008 at 6:33 am

These are some of the key downgrades or negative calls we are seeing from analysts this Friday morning with more than two hours to the open:First Mercury (FMR) Cut to ...
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Top Pre-Market Analyst upgrades (ABX, CVC, EMC, MOT, OCR, PWAV, RHB)

Posted: August 1, 2008 at 6:31 am

These are not all of the analyst calls by far, but these are some ofthe calls that appear as impact calls this Friday morning witth morethan two-hours to the open:Barrick ...
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GM (GM): The Death Of Hope As Market Share And Asia Slide

Posted: August 1, 2008 at 6:18 am

GM posted a massive net loss was $15.5 billion or $27.33 per share for the second quarter, including these charges and special items, compared with net income from continuing operations ...
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Crude Oil Price Drop: Lying With Numbers

Posted: August 1, 2008 at 5:26 am

Mathematics and statistics were almost certainly created to support spurious thinking, although the school systems later developed other uses for them.The headlines across the business media belted out in town ...
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Fed

Third Quarter Bank Earnings Warning: Fed Being Hit For Record Sums

Posted: August 1, 2008 at 5:09 am

There has been plenty of forecasting and anecdotal evidence that US money center banks will have more write-downs in coming quarters. Most of this data is deductive. The IMF has ...
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