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Daily Archives: September 17, 2008

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Constellation, Maybe Not Out For The Count (CEG)

Posted: September 17, 2008 at 5:28 pm

Constellation Energy (NYSE: CEG) may have found a savior.  Its US partner, France-based EDF, is reportedly considering making either a bid or at taking an increased stake.  This is also ...
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Wachovia (WB) Expresses Interest In Morgan Stanley (MS)

Posted: September 17, 2008 at 3:44 pm

The New York Times is reporting that Morgan Stanley (MS) has been approached by Wachovia (WB) about a buyout. According to the paper, the broker is also considering other options.Douglas ...
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Washington Mutual (WM) Being Auctioned?

Posted: September 17, 2008 at 3:38 pm

The latest rumor on Wall St. is that Washington Mutual (WM) will be auctioned off and has retained Goldman Sachs (GS) to handle the deal. According to The New York ...
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Urban Outfitters Chairman Unloads Stock (URBN)

Posted: September 17, 2008 at 3:29 pm

Urban Outfitters Inc. (NASDAQ: URBN) been immune for the most part from the stock market carnage.  Shares closed down almost 5% at $34 today, but the stock still trades well ...
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The 52-Week Low Club 9/17/2008 (MS)(GS)(VSE)

Posted: September 17, 2008 at 2:47 pm

Morgan Stanley (MS) tumbles on fears it will be the next victim of credit crisis. Shares  falls to $16.08 from a 52-week high of $69.87.Goldman Sachs (GS) Even the premier ...
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GE Responding To Market Insanity (GE)

Posted: September 17, 2008 at 2:02 pm

We won't bother discussing the current market situation as being a very difficult one.  But the problem isn't just the baby being thrown out with the bathwater.  Now, investors are ...
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Midwest Banc: Dr. Jekyll or Mr. Hyde? (MBHI)

Posted: September 17, 2008 at 12:18 pm

Midwest Banc Holdings Inc. (NASDAQ: MBHI) looks like it is taking an about-face move from its comments from last week.  Shares of the holding company for Midwest Bank and Trust ...
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S&P Slams GM Hard (GM)

Posted: September 17, 2008 at 11:41 am

As if the US auto industry wasn't already under fire enough, today we have yet another ratings action.  The good news is that this is on the stock rather than ...
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Gold Stocks to the Rescue? (ABX, GG, GLD)

Posted: September 17, 2008 at 11:10 am

Back in July we noted that two big gold miners were pulling back on 2008 guidance. Barrick (NYSE:ABX) and Goldcorp (NYSE:GG) were both predicting production at the lower end of ...
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Microsoft (MSFT): Buying Search Engine Share Overseas

Posted: September 17, 2008 at 10:46 am

Everyone who looks at the news knows that Microsoft (MSFT) has a search engine market share problem in the US. By most measures, it has about 10% of the pie. ...
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SEC Finally Curbs Naked Short Selling

Posted: September 17, 2008 at 9:36 am

The Securities and Exchange Commission has announced new measures this morning to curb naked short sales.  The rules impose a firm close-out requirement on short sellers and their brokers.  Parties ...
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Day Trader Alert: VeraSun Energy (VSE)

Posted: September 17, 2008 at 8:28 am

VeraSun Energy (NYSE: VSE) is about to get pounced this morning.  Last night, the ethanol producer announced that it now expected a quarterly loss.  Analysts are looking for -$0.02 per ...
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Longs Merger Plot Thickens (LDG, WAG, CVS)

Posted: September 17, 2008 at 8:19 am

Longs Drug Stores Corporation (NYSE: LDG) is doing something which may seem odd to many, which is essentially a "going with the bird in the hand" strategy.  The company has ...
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Day Trader Alert: Gilead Sciences (GILD)

Posted: September 17, 2008 at 8:03 am

Gilead Sciences Inc. (NASDAQ: GILD) is trading down this morning.  Goldman Sachs maintained its buy rating on the stock, but took down its price target to $58 from $59.  This ...
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House

Housing Starts Versus AIG: Aiming At The Wrong Target

Posted: September 17, 2008 at 7:54 am

Leaving aside the fact that the federal government has a nearly endless supply of money, especially if the Chinese continue to buy its bonds, the capital being pushed into the ...
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