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Daily Archives: September 16, 2008

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AIG’s (AIG) Last Hours, Paulson The Anarchist

Posted: September 16, 2008 at 5:52 pm

No one could quite get to the crash victim, and now it seems certain AIG (AIG) will not make it out of the wreck.After staging a rally during the day, ...
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SanDisk’s New Name: SamDisk or Sanshung (SNDK)

Posted: September 16, 2008 at 4:53 pm

SanDisk Corporation (NASDAQ: SNDK) has received a $26 buyout offer from Samsung, and shares are soaring after the close.  We would like to note that this deal may be a ...
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A Surprise From Morgan Stanley (MS)

Posted: September 16, 2008 at 3:42 pm

By all accounts, Morgan Stanley (MS) was supposed to have a mediocre quarter. Wall St. was concerned it could be worse than that. Enough of the large financial companies had ...
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Adobe Hits The Mark (ADBE)

Posted: September 16, 2008 at 3:24 pm

Adobe Systems Inc. (NASDAQ: ADBE) reported better-than-expected results.  The software and media player giant earned $0.50 per share on revenue of $887.3 million.   First Call had estimates of $0.46 for ...
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The 52-Week Low Club 9/16/2008 (AIG)(WM)(MER)(CEG)(GHS)

Posted: September 16, 2008 at 2:57 pm

Constellation Energy Group (CEG) falls on fears of link to the Lehman bankruptcy. The company says no. The shares plunges to $13 from 52-week high of $107.97.Gatehouse (GHS) shows why ...
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Ken Heebner Bailed Out of Commodities (SLB, PBR, CGMFX)

Posted: September 16, 2008 at 1:58 pm

Ken Heebner of the CGM Focus Fund (CGMFX) has made a game-changing move in his portfolio.  In a CNBC interview with Erin Burnett, Heenber was asked about his positions in ...
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FOMC Asleep At The Wheel

Posted: September 16, 2008 at 1:21 pm

Well, the awaited FOMC announcement has finally come out and is a disappointment initially.  The FOMC voted unanimously to leave interest rates unchanged at 2.00%.  The Discount Rate was also ...
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INDEX ALERT: Which Stock Will Replace AIG on the DJIA? (AIG, MO, HON, GOOG, AAPL, CSCO, PEP, BRK-A, CL, MDT, ABT)

Posted: September 16, 2008 at 12:38 pm

There is one critical aspect to the stock market that pertains to American International Group (NYSE: AIG) which has been given less coverage because of the media's focus on the ...
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Court Keeps Sprint From Hosing iPCS For Now (IPCS, S, CLWR)

Posted: September 16, 2008 at 10:31 am

iPCS, Inc. (NASDAQ: IPCS) has announced that a circuit court judge in Cook County, Illinois, has denied a motion from Sprint Nextel (NYSE: S) to dismiss or stay the company's ...
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The Phillips Curve Is Dead, Except At The Fed

Posted: September 16, 2008 at 10:14 am

By John Tamny, RealClearMarketsThe Phillips Curve is the theory that inflation is the result of total demand outstripping total supply at the national level. In a recent speech, Fed vice ...
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The Market Mounts The Consumer’s Back And Stages A Rally

Posted: September 16, 2008 at 9:50 am

The market staged an improbable rally. After selling off over 500 points yesterday and opening down over 100 points today, the Dow is about even.Wall St. may see a small ...
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Wells Fargo (WFC) Up 8%: Bad News Is Good

Posted: September 16, 2008 at 9:03 am

Wells Fargo's (WFC) shares are up 8% on strong volume. The bank stock should be trading down along with Citigroup (C) and Wachovia (WB).Due to the perverse reasoning of traders, ...
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Lehman Rains On Solar Stocks Too (LEH, ESLR, JASO)

Posted: September 16, 2008 at 8:25 am

The bankruptcy of Lehman Brothers (NYSE:LEH) and the ongoing counterparty risk scenario isn't just applicable to financial stocks.  This is going to hit a couple of solar stocks pretty hard ...
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Monsanto Tries Raising Guidance (MON)

Posted: September 16, 2008 at 8:17 am

Monsanto Company (NYSE: MON) raised fiscal 2008 earnings estimates.  The crop and agriculture player now sees earnings of $3.58 to $3.60 per share.  It also gave reported guidance of $3.49 ...
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Kroger (KR): People Love Being Cheap

Posted: September 16, 2008 at 8:01 am

Wal-Mart (WMT) is not the only retailer benefiting from the consumer's need to be cheap. Kroger (KR), which sells groceries to the middle class, reported robust earnings.The chain said it ...
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