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Daily Archives: August 27, 2008

Sad_clown

The 52-Week Low Club 8/27/2008 (F)(NEXM)(CEGE)(AMLN)

Posted: August 27, 2008 at 2:54 pm

Ford (F) Oil moves up. Drops to $4.25 from a 52-week high of $9.24.Nexmed (NEXM) Drug trial problems. Falls to $.23 from a 52-week high of $.1.87.Cell Genesys (CEGE) Drug ...
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Apple (AAPL) iPhone Picks Up Ground On RIM (RIMM)

Posted: August 27, 2008 at 12:16 pm

Apple's (AAPL) iPhone is doing well in the consumer market, but it now appears to be picking up ground with businesses as well. According to the August ChangeWave survey of ...
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Russia

A Tiny Ray Of Hope In Russia (BP)

Posted: August 27, 2008 at 11:24 am

In the midst of the military and political fiasco in Georgia, it would be easy to believe that Russia could withdraw from a number of contracts it has with the ...
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China_3

Oil in China: Producers, Up; Refiners, Down (CEO, PTR)

Posted: August 27, 2008 at 10:56 am

Two of China's largest oil companies announced earnings for the first half of 2008 today. CNOOC Ltd. (NYSE:CEO), the country's second largest producer, reported a sales increase of nearly 64% ...
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95129c

24/7 Wall St. Most Overpaid CEO Of The Day: Cell Genesys (CEGE) CEO Stephen A. Sherwin, M.D

Posted: August 27, 2008 at 8:41 am

Cell Genesys CEO Stephen A. Sherwin, M.D made $1.3 million last year, with $577,500 coming from base salary. He did so well, in the eyes of the board, that his ...
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China_2

China Mobile (CHL) Success Likely To Be Short Lived

Posted: August 27, 2008 at 8:24 am

China Mobile (CHL) announced extraordinary results for the first half and it is not likely to repeat them in the future. CHL's 54.8 billion yuan ($8 billion) in net profit ...
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Top Pre-Market Analyst Upgrades & Downgrades (EXPO, EHTH, INCY, RIGL, WBD, AMR, AMLN, BKUNA, NGG)

Posted: August 27, 2008 at 7:37 am

It is getting pretty thin in analyst coverage as we get closer to Labor Day, but these are the upgrades and downgrades we are seeing this Wednesday morning:Exponent (EXPO) Started ...
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Tx00338coilwellgusherodessatexaspos

Conoco (COP) Exits Gas Station Business: A Lost Opportunity

Posted: August 27, 2008 at 5:45 am

Conoco (COP) is selling its gas stations, following Exxon (XOM) out the exit door. Perhaps there is a greater fool; a company that thinks it can make money on a ...
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Applelogo1

Nokia(NOK): The Best Chance To Chase The Apple (AAPL) iPhone

Posted: August 27, 2008 at 5:22 am

The new Apple (AAPL) has plenty of challengers. Samsung has made the “Instinct” for Sprint (S). Early word is that it is selling well. T-Mobile will be the first cellular ...
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Fed

A Coup De Grace For The Banking Industry

Posted: August 27, 2008 at 5:02 am

Aside from bad mortgage-backs securities bets, a dying LBO business, auction rate securities, and deteriorating credit card debt, the banks and brokerages may be up against their largest challenge yet. ...
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Lly

Eli Lilly’s (LLY) Gift To The Funeral Industry

Posted: August 27, 2008 at 4:22 am

The National Funeral Directors Association must be sending “thank you” cards to Eli Lilly (LLY) and it partner Amylin (AMLN). Together, the companies developed and market diabetes drug Byetta. The ...
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Angrybear

Shorts See Market Bottom, Flee Financials (MER)(BAC)(LEH)(ABK)(WB)

Posted: August 27, 2008 at 3:10 am

Short sellers believe that they have seen the bottom for financial shares and exited the industry en masse.Shares sold short in Merrill Lynch (MER) fell 12.6 million to 42.3 million. ...
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Newspaper

Media Digest 8/27/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: August 27, 2008 at 2:51 am

According to Reuters, the FDIC may have to borrow money from Treasury to see it though a wave of bank failures.Reuters reports that Lehman (LEH) has asked three investment firms ...
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China

Asia Markets 8/27/2008 (LFC)

Posted: August 27, 2008 at 2:19 am

Markets in Asia were mixed.The Nikkei fell .2% to 12,753. ANA fell .3% to 295. Canon fell 1% to 5040.The Hang Seng rose 1% to 21,260. China Life (LFC) rose ...
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