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Daily Archives: September 5, 2008

Fed

Rumor And The Death Of Fannie Mae (FNM)

Posted: September 5, 2008 at 4:44 pm

The sky has fallen on Fannie Mae (FNM) and Freddie Mac (FRE). At least that is the rumor. True or not, shareholders are paying a price after hours. Fannie Mae ...
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Sad_clown

The 52-Week Low Club 9/5/2008 (NOK)(EXC)(SSRI)(CIEN)

Posted: September 5, 2008 at 2:46 pm

Nokia (NOK) Company says its market share will drop. Shares fall to $19.25 from 52-week high $42.22.Exelon (EXC) Weal guidance. Sells off to $65.40 from 52-week high of $92.13.Silver Standard ...
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Merrill

Goldman’s Merrill Lynch (MER) Downgrade Is Too Little Too Late (GS, MER)?

Posted: September 5, 2008 at 2:15 pm

Goldman Sachs (GS) analyst William Tanona took the unusual step today of placing Merrill Lynch (MER) on the company's so-called "Conviction Sell" list. What's surprising is not that Tanona considers ...
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RFMD Comments Falling on Deaf Ears (RFMD, NOK)

Posted: September 5, 2008 at 11:45 am

RF Micro Devices, Inc. (NASDAQ: RFMD) is trying to dispute industry woes being seen at other mobile and communication chipset companies.  This may sound important as its customers or its ...
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Altria & UST Could Face Antitrust Issues (MO, UST)

Posted: September 5, 2008 at 9:36 am

The merger chatter this morning has Altria Group Inc. (NYSE: MO) looking at UST Inc. (NYSE: UST) in a deal valued at $10 Billion or higher.  This could be a ...
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No Assurances SanDisk Would Entertain Samsung Deal (SNDK)

Posted: September 5, 2008 at 8:28 am

SanDisk Corp. (NASDAQ: SNDK) is seeing a surge on reports that Samsung is considering a tie-up or other alternatives with the company to secure its flash memory supply.  Samsung said ...
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Unemployment Soars to 6.1% On Way to 8%

Posted: September 5, 2008 at 7:43 am

The jobs data isn't getting better, and in fact is getting worse.  The Labor Department has issued unemployment as being 6.1% in August, while consensus estimates were calling for ...
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Mot

Nokia (NOK) Cries “Uncle” Who Will Take It Business?

Posted: September 5, 2008 at 7:23 am

Nokia (NOK) made a number of odd statements today, the net effect of which was to drive the firm's stock down 10%. For starters, it said its global market share ...
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Top Pre-Market Analyst Upgrades (HD, ILMN, MFE, NAV, OMX, VTA, VRNM, WAT)

Posted: September 5, 2008 at 6:59 am

These are some of the top upgrades or positive calls we are seeing from analysts this Friday morning:Home Depot (HD) Started as Outperform at FBR.Illumina (ILMN) Started as Overweight at ...
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Top Pre-Market Analyst Downgrades (AFFX, CLNE, MER, NTRS, SPLS, TU)

Posted: September 5, 2008 at 6:57 am

These are some of the top downgrades or cautious calls we are seeing from analysts this Friday morning:Affymetrix (AFFX) Started as Underweight at Morgan Stanley.Clean Energy (CLNE) Cut to Underperform ...
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Goldman Sachs Pans Merrill Lynch (MER, GS)

Posted: September 5, 2008 at 6:37 am

Merrill Lynch & Co. Inc. (NYSE: MER) is trading down 6% or so in pre-market after Goldman Sachs downgraded the stock to a SELL rating and put shares on its ...
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Pc

Foreign Buyers Start To Shift Though US Tech Wreckage

Posted: September 5, 2008 at 5:53 am

Samsung, one of the largest companies in South Korea, says it may want to buy US flash chip company Sandisk (SNDK). The US firm's stock has dropped from a 52-week ...
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What Happens When Citigroup (C) Fails?

Posted: September 5, 2008 at 5:26 am

If the markets are to take bond guru Bill Gross at his word, the world's financial markets could go through a cataclysmic failure. The head of fixed income fund operation ...
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Angrybear

Yahoo!’s (YHOO) Five-Year Low To Get Lower, The Weakness Of The Internet No Longer Ignored

Posted: September 5, 2008 at 5:04 am

Yahoo! (YHOO) moved close to its five-year low yesterday, trading down at $17.75. It really has not been so long ago that Microsoft (MSFT) made its $33 bid for the ...
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China

A Bail-Out For China’s Biggest Bank, As Pimco Warns Global Markets Will Get Worse

Posted: September 5, 2008 at 4:44 am

Perhaps some day the Fed will run out of money. The equivalent is happening in China. The People’s Bank of China managed to put a truck-load of money into US ...
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