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Daily Archives: September 22, 2008

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Oil Never Left Us, Crude To $150

Posted: September 22, 2008 at 3:28 pm

The titanic global recession and anxiety about the government's failure to quickly fix the credit crisis pushed the price of oil up higher than it has been for months. High ...
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3Com Yields Another Rabbit (COMS)

Posted: September 22, 2008 at 3:15 pm

3Com Corporation (NASDAQ: COMS) posted earnings of $0.11 non-GAAP EPS on revenue of $342.6 million.   First Call estimates were $0.06 EPS on $337.12 million in revenue.  While it had already ...
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The 52-Week Low Club 9/22/2008 (RTI)(ANPI)(NTAP)

Posted: September 22, 2008 at 2:49 pm

RTL Intl Metals (RTI) No news but drop in titanium demand due to Boeing (BA) strike could be culprit. Falls to $20.04 from 52-week high of $85.20.Angiotech Pharmaceuticals (ANPI) Cutting ...
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Alternative Energy Not Following Oil (FSLR, SPWR, STP, CSIQ, ESLR, CPST, FCEL, USU)

Posted: September 22, 2008 at 1:39 pm

Oil is performing as though there were no sellers today.  Recalling a single $20.00 move up in the price of oil in a single day is elusive, but a gain ...
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Can Office & Retail REITs Stave Off The Economy? (GGP, KRC, DDR, SLG)

Posted: September 22, 2008 at 12:41 pm

Many REITs are in trouble.  That is becoming the understatement of the year.  The REITs doing better in today's environment are the ones whose projects are already built and those ...
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Caspian Crude Barely Flowing (BP, CVX, STO, E, TOT, COP, HES)

Posted: September 22, 2008 at 10:55 am

Oil is trading sharply higher this morning, partly because of oil pipeline and delivery disruptions. Platts reported that crude oil flows through the BTC pipeline have dropped from about 800,000 ...
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Horse Trading Begins On Bailout, Odds Increase Bill Will Be Delayed

Posted: September 22, 2008 at 10:45 am

Henry Paulson's bank bailout bill never had a chance of making it through Congress unencumbered. The only question was how may boat anchors the House and Senate would attach. The ...
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Coal In Apple’s (AAPL) Stocking For Christmas

Posted: September 22, 2008 at 10:03 am

Morgan Stanley (MS) said what everyone already knows. It cut earnings estimates for Apple (AAPL) and several other hardware stocks. This holiday season will be a bitter one, even for ...
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3Com Investors Brace For Earnings & Guidance (COMS)

Posted: September 22, 2008 at 9:42 am

3Com Corporation (NASDAQ: COMS) is one of the few tech stocks to report earnings after today's close.  The troubled maker of routing and communication equipment is expected to post $0.06 ...
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As Crude Jumps, A Little Rally In Oil Shares (XOM)(BP)

Posted: September 22, 2008 at 9:29 am

A good thing happens, but a bad thing happens. The current market works that way. All the arrows never point in the same direction.As word of the government's bank bailout ...
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Will The Ice Cream Business Save Krispy Kreme (KKD)? No.

Posted: September 22, 2008 at 9:01 am

With its stock down more than 90% from the highs it reached in 2003,Krispy Kreme Doughnuts (KKD) is looking for something to restorethe company to same-store sales growth and long-term ...
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Day Trader Alert: Ciena (CIEN)

Posted: September 22, 2008 at 8:28 am

Ciena Corporation (NASDAQ: CIEN) shares rose this morning after they had been cored to the bone.  Despite its sector woes in telecom equipment and fiber optics, Barron’s called the stock ...
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H-P Jumps In On Buybacks (HPQ)

Posted: September 22, 2008 at 8:20 am

Hewlett-Packard Co. (NYSE: HPQ) has decided to jump in on the stock buyback bandwagon.  Its new share buyback program is for $8 billion in common stock.  At current prices, this ...
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Nike on Buybacks: Just Do It (NKE)

Posted: September 22, 2008 at 8:08 am

Nike Inc. (NYSE: NKE) has decided to jump on the stock buyback bandwagon this morning.  The footwear and sports apparel and equipment maker has just announced it would repurchase up ...
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Microsoft’s $40 Billion Stock Buyback (MSFT)

Posted: September 22, 2008 at 7:47 am

Microsoft Corp. (NASDAQ: MSFT) is announcing another monster share buyback plan. This one gives it the authorization to repurchase as much as $40 billion worth of stock.  Its last buyback ...
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