Quantcast

Daily Archives: August 7, 2008

Walmart

Wal-Mart (WMT): The “Recession Proof” Theory Leaves The Building

Posted: August 7, 2008 at 6:46 am

The big theory after Wal-Mart (WMT) announced its June same-store sales was that the company was recession-proof. People were going from higher-priced retailers to Wal-Mart to save money because the ...
Read Full Story »
Sirius_satellite_radio_1

Sirius (SIRI): A Miss Is As Good As A Mile

Posted: August 7, 2008 at 6:19 am

Sirius (SIRI) second quarter earnings demonstrated once again that, even after a merger with XM the new entity is not a viable business. The company's gross subscriber additions were 1,029,287, ...
Read Full Story »

Top Pre-Market Analyst Upgrades (BPFH, CAAS, CTXS, HAYN, MMC, NDAQ, RL, RMD)

Posted: August 7, 2008 at 6:09 am

These are not all of the analyst upgrades or positive calls we are seeing, but these are the stand out calls early this Thursday morning:Boston Private Financial (BPFH) Raised to ...
Read Full Story »

Top Pre-Market Analyst Downgrades (AIG, ANEN, AVP, KMX, CTRN, EW, FMX, LAMR, TRMK, VMW)

Posted: August 7, 2008 at 6:07 am

These are not all of the downgrades or negative calls we are seeing, but these are the stand out calls early this Thursday morning:AIG (AIG) Cut to Market Perform at ...
Read Full Story »
Forsale2

The Mortgage Crater Gets Deeper, Storm Flags Up For Banks

Posted: August 7, 2008 at 5:13 am

The IMF and NYU economist Nouriel Roubini can say "I told you so." Both put estimates for mortgage write-downs at over $1 trillion. Banks executives are hoping the number is ...
Read Full Story »
Ronaldmcdonald

McDonald’s (MCD): Raise Prices, Dump Customers

Posted: August 7, 2008 at 4:50 am

McDonald's (MCD) is caught between the rising prices of commodities and the need to keep the cost of its food and drinks low. So, the company has decided it may ...
Read Full Story »
Gm20jpeg20image

GM (GM) CEO Has Support Of .000839% Shareholder

Posted: August 7, 2008 at 4:39 am

Since Richard Wagoner became CEO of General Motors (GM), the stock has gone from the $60 per share range down to its current price of $10.25.But not to worry: the ...
Read Full Story »
Aig

AIG (AIG): Stupidity’s Special Child

Posted: August 7, 2008 at 4:10 am

AIG (AIG) has made the assumption that other firms like Merrill Lynch (MER) and Citigroup (C) did. Changing CEOs will somehow alter the course of a systemic problem which curses ...
Read Full Story »
Under

Under Armour (UA) Feeling Under-Loved

Posted: August 7, 2008 at 3:44 am

Shares of Under Armour (UA) closed on Wednesday at $32.92, 55% off the 52-week high of $73.40. And yet, according to an interesting company profile in today's New York Times, ...
Read Full Story »
Newspaper

Media Digest 8/6/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: August 7, 2008 at 2:50 am

According to Reuters, Freddie Mac (FRE) now has a negative net worth which means some investors think it should trade close to zero.Reuters writes that AIG (AIG) posted a huge ...
Read Full Story »
Jap

Asia Market 8/7/2008 (SNP)(CHU)

Posted: August 7, 2008 at 2:23 am

Markets in Asia were narrowly mixed. The Nikkei fell 1% to 13,125. KDDI fell 2.8% to 651000. NEC was off 3.5% to 493.The Hang Seng moved up .7% to 22,107. ...
Read Full Story »