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Daily Archives: August 18, 2008

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The 52-week Low Club 8/18/2008 (FNM)(HAR)(TRX)

Posted: August 18, 2008 at 2:56 pm

Fannie Mae (FNM) Barron's says common shareholders may be wiped out by new capital. Drops to $6.08 from 52-week high of $70.57.Harman International  (HAR) Earnings miss. Drops to $33.61 from ...
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Eil Lilly (LLY) Death Drug Needs More Regulation

Posted: August 18, 2008 at 2:29 pm

If there wasn't enough already wrong with the FDA drug approval process, diabetes drug Byetta, created for patients by Elli Lilly (LLY) and Amylin Pharmaceuticals (AMLN) is killing more people. ...
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GM (GM) Gives The Store Away

Posted: August 18, 2008 at 10:45 am

GM (GM) will celebrate its 100th birthday by offering incentives and losing more money on each vehicle.According to Reuters, "GM had scheduled briefings for U.S. dealers, representing all of its ...
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24/7 Wall St. Day-Trading Alerts (HD)(LOW)(TTWO)(ERTS)(FNM)(FRE)

Posted: August 18, 2008 at 9:39 am

VSInvestor reports on several stocks moving on heavy volume today. At the top of the list are Freddie Mac (FRE) and Fannie Mae (FNM) dropping on comments from Barron's that ...
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Australian Miner Raises the Bar (BHP, RTP)

Posted: August 18, 2008 at 9:30 am

The largest mining company in the world, BHP Billiton (NYSE:BHP) today reported revenues of $59.47 billion and EPS of $2.75 for its full 2008 fiscal year ended June 30th. Analysts ...
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24/7 Wall St. Most Overpaid CEO Of The Day: Gatehouse (GHS) CEO Michael Reed

Posted: August 18, 2008 at 9:17 am

Newspaper stocks are way off as the industry struggles with falling circulation and advertising revenue. But one company, Gatehouse (GHS), stands out as being much worse off that the rest.Today, ...
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Energy Watch Part III: Big Oil Well Off Highs (XOM, COP, RDS.A, CVX, BP, MRO, PCZ, APA)

Posted: August 18, 2008 at 9:05 am

Even with oil prices well off of recent highs, these are still very much considered as above historical highs.  The large integrated oil companies have experienced either declines or very ...
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China SPAC Goes Operational: Alyst Acquisition Corp. (AYA)

Posted: August 18, 2008 at 8:48 am

There was a release this morning showing that a Special Purpose Acquisition Company (SPAC, or blank check company) called Alyst Acquisition Corp. (AMEX: AYA) has signed an agreement to acquire ...
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Lowe’s Manages By Staying Cautious (LOW, HD)

Posted: August 18, 2008 at 7:59 am

Lowe’s Companies Inc. (NYSE: LOW) managed to actually beat earnings projections and managed a gain in revenues.  The hardware and home improvement store posted earnings per share with a drop ...
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Corel’s Questionable Buyout Evaporates (CREL)

Posted: August 18, 2008 at 7:38 am

Corel Corporation may be under some pressure Monday as we get closer to the open this Monday morning.  The software maker's acquisition offer from Corel Holdings L.P., which owns 69% ...
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Early-Bird Analyst Upgrades & Downgrades (CDNS, BEAT, CMVT, HSY, IM, LMNX, MAN, RHI, TWGP, WDFC)

Posted: August 18, 2008 at 6:20 am

These are not all of the early calls from analysts out there, but these are some of the calls that may impact the prices of these shares this summer Monday ...
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Russia

Russia And An Economic Iron Curtain

Posted: August 18, 2008 at 5:27 am

"From Stettin in the Baltic to Trieste in the Adriatic an iron curtain has descended across the Continent. Behind that line lie all the capitals of the ancient states of ...
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Emerging Market Funds/ETFs Starting To Look Cheap (CHN, EWM, LDF, MSF, RAF, TAO, TRF, IF, EZA, CH)

Posted: August 18, 2008 at 5:16 am

Every day we cover many stocks at the end of the day which are hitting new 52-week lows.  Very rarely do we include ETF's or closed-end mutual funds in the ...
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Fragile Oil Prices: A Storm In The Gulf

Posted: August 18, 2008 at 5:00 am

The bald man with the 1950s tie who runs the National Hurricane Center gets to go on The Weather Channel a dozen times a year. Those appearances are triggered by ...
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T. Boone Pickens Trades Oil With Both McCain & Obama

Posted: August 18, 2008 at 4:58 am

On Sunday, T. Boone Pickens issued a press release stating that he had met with Senator Obama in Reno, Nevada to discuss his energy plans.  This follows the statement he ...
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