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Daily Archives: September 4, 2008

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Is Goldman Sachs Losing Its Trading Edge? (GS)

Posted: September 4, 2008 at 4:08 pm

Goldman Sachs Group Inc. (NYSE: GS) has been an incredible performer among the bulge bracket investment banking firms during the entire credit meltdown and market malaise.  Its shares had been ...
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The 52-Week Low Club 9/4/2008 (TEX)(HL)(MTW)(CIEN)(VRSN)

Posted: September 4, 2008 at 2:44 pm

Terex Corporation (TEX) Bad guidance. Drops to $37.12 from 52-week high of $91.21.Hecla Mining (HL) Price of silver down. Sells off to $5.79 from 52-week high of $13.14.The Manitowoc Company ...
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Ag, Commodities, Bubbles & The Recessionless Recession (XOM, BHP, ABX, BTU, POT, WMT)

Posted: September 4, 2008 at 1:38 pm

The new mantra creating a deflating speculative bubble is taking a new twist.  Even before Ospraie blew out its fund (and now after) there have been more rumors about commodity-related ...
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24/7 Wall St. Most Overpaid CEO Of The Day: Ciena (CIEN) CEO Gary Smith

Posted: September 4, 2008 at 12:32 pm

Shares in Ciena (CIEN), a communications equipment company, fell 25% today to a new 52-week low of $13. The period high was $49.55. As part of its earnings announcement, Ciena ...
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Markets Boo McCain’s VP Choice

Posted: September 4, 2008 at 11:45 am

John Tamny of RealClearMarketsAlongside last Friday's announcement that Alaska Governor Sarah Palin would be John McCain's running mate, the Dow Jones Industrial Average fell 170 points. Stocks have shown weakness ...
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A Dozen Companies Which Should Lay-Off 10,000 People This Year

Posted: September 4, 2008 at 10:31 am

The evidence that sales at many companies are struggling and that employment will suffer are almost everywhere. Recently, a division of GMAC said it would let 5,000 people go. According ...
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Going Nuclear Into Elections (EXC, NRG, D, DUK, PGN, AEE)

Posted: September 4, 2008 at 9:29 am

Electric utility Exelon (NYSE:EXC) this morning revised guidance for 2008 to a range of $4.15 - $4.30 per share from $4.00 - $4.40 per share. That's measured on non-GAAP operating ...
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Legg Mason and the Coming Redemptions & Misses (LM, LMVTX)

Posted: September 4, 2008 at 9:11 am

Legg Mason Inc. (NYSE: LM) is having a rough morning to say the least.  The investment manager's shares are being hit after Credit Suisse took an already cautious Neutral rating ...
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TEPPCO’s Multi-Year Lows on Increased Offering (TPP)

Posted: September 4, 2008 at 8:32 am

TEPPCO Partners, L.P. (NYSE:TPP) is under a bit of pressure after the energy logistics company has priced a secondary offering of 8,000,000 units.  Last night this was listed as a ...
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Top Pre-Market Analyst Upgrades (ADS, AUTH, BRCM, EXC, NVLS, SAI, SNDA)

Posted: September 4, 2008 at 6:30 am

These are the top upgrades and positive analyst calls we are seeing this Thursday morning:Alliance Data (ADS) Started as Buy at B of A.AuthenTec (AUTH) Started as Buy at S&P ...
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Top Pre-Market Analyst Downgrades (KELYA, KLAC, LRCX, MRVL, PNY, RHI, SNDA, XLNX)

Posted: September 4, 2008 at 6:26 am

These are the top downgrades and negative analyst calls we are seeing this Thursday morning:Kelly Services (KELYA) Cut to Sell at Citigroup.KLA-Tencor (KLAC) Cut to Equal-weight at Morgan Stanley.Lam Research ...
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Ciena Echoes Telecom & Data Slowdown (CIEN, JDSU)

Posted: September 4, 2008 at 6:17 am

Ciena Corporation (NASDAQ: CIEN) has come out with earnings and posted a 7% drop in non-GAAP EPS to $0.37 EPS on a 24% revenue rise to $253.2 million. First Call ...
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Alms For The Poor: Wal-Mart (WMT) August Sales Up

Posted: September 4, 2008 at 6:16 am

Wal-Mart's (WMT) US same store sales rose 3% in August. Analysts expected about half that growth rate.The Wal-Mart news is almost certainly a sign the the middle class is joining ...
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As Online Display Ads Falter, Yahoo! (YHOO) And New York Times (NYT) Torpedoed

Posted: September 4, 2008 at 5:50 am

It turns out that display advertising on the internet is becoming less popular with most marketers. They are turning to search text ads instead. This is probably not news to ...
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BP (BP) And Russia: Trusting An Untrustful Partner

Posted: September 4, 2008 at 5:26 am

BP (BP) says it got what it wanted from negotiations with its Russian joint venture partner. in TNK-BP. There will be new independent directors and the current CEO will leave. ...
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