Quantcast

Daily Archives: September 24, 2008

Angrybear

With Financial Stocks Off Limites, Shorts Move To Tech (AAPL)(DELL)(ORCL)(INTC)(AMD)(TXN)

Posted: September 24, 2008 at 7:11 pm

The cut-off for the last short interest data was September 15, before a number of financial stocks got protection from the SEC. Before the ban, short sellers were already moving ...
Read Full Story »
Altria_logo

Big Tobacco Goes On The Offensive (MO)

Posted: September 24, 2008 at 6:25 pm

Philip Morris USA, part of Altria Group Inc. (NYSE: MO), has filed a rather interesting lawsuit which could act to set the precedent for case law for years ahead. Big ...
Read Full Story »

Biotech Bonanza: Ligand Takes out Pharmacopeia (LGND, PCOP)

Posted: September 24, 2008 at 5:52 pm

This might not be the biggest of biotech mergers out there, but deals are continuing in the bio-space.  Ligand Pharmaceuticals Incorporated (NASDAQ: LGND) has entered into a definitive merger agreement ...
Read Full Story »
Mccain_image_2

Presidential Candidates Taking A Time-Out

Posted: September 24, 2008 at 4:06 pm

As media reports started commenting today, it looks like both Presidential candidates are going to stop campaigning and go back to Washington D.C. to deal with this government bailout issue.  ...
Read Full Story »
Nike_logo

Nike, Just Did It (NKE)

Posted: September 24, 2008 at 3:33 pm

NIKE, Inc. (NYSE: NKE) reported quarterly revenue rose 17% to $5.4 billion, although currency changes increased growth by 7%. Net income fell 10% to $510.5 million, as earnings per shareh ...
Read Full Story »
Red_hat_logo_2

Red Hat Continues Deferred Revenue Growth (RHT)

Posted: September 24, 2008 at 3:17 pm

Red Hat, Inc. (NYSE: RHT), the largest seller of Linux operating systems and office suites, today reported that quarterly revenue soared 29% revenue to $164.4 million. It posted non-GAAP earnings ...
Read Full Story »
Sad_clown

The 52-Week Low Club 9/24/2008 (PPC)(MRX)(ENTG)(CPLA)

Posted: September 24, 2008 at 2:51 pm

Pilgrim's Pride (PPC) Company says it will have lay-offs. Drops to $6.06 from 52-week high of $35.98.Medicis Pharmaceutical (MRX) Firm says it will restate financials. Falls to $14 from 52-week ...
Read Full Story »
Goldman_sachs_logo_2

Meredith Whitney Weighs In On Goldman Sachs Dilution (GS)

Posted: September 24, 2008 at 1:45 pm

Oppenheimer's star banking analyst Meredith Whitney is already keying in on Goldman Sachs Group's (NYSE: GS) plans to raise cashs and shore-up its liquidity.  She has noted that the $5 ...
Read Full Story »
Gm20jpeg20image

GM (GM) Shares Should Drop 50% By Year-End

Posted: September 24, 2008 at 12:52 pm

Between the credit markets and consumer spending, GM (GM) is caught in a vise. The car company needs more money and Congress seems less inclined with each passing day to ...
Read Full Story »
Sirf_logo

Day Trader Alert: SiRF Technology (SIRF)

Posted: September 24, 2008 at 12:11 pm

SiRF Technology Holdings Inc. (NASDAQ: SIRF) has just made a mid-day mystery move on essentially no news.  It seems that traders are tying it to the G1 phone launch from ...
Read Full Story »
Chrysler_logo

Chrysler Soon Fully Under Cerberus? (DAI)

Posted: September 24, 2008 at 11:49 am

Daimler AG has confirmed that it is in talks with Cerberus over the possible redemption of the 19.9% stake it still has in Chrysler LLC.  That would put Chrysler ...
Read Full Story »
Hanes_logo_2

Hanesbrands: Hecho en Asia (HBI)

Posted: September 24, 2008 at 11:16 am

Apparently labor costs throughout Latin America are getting too pricey, if you can believe it.  Hanesbrands Inc. (NYSE: HBI) is updating its "consolidation and globalization cost-reduction strategy."  While this includes ...
Read Full Story »
Bernanke_image

Bernanke Changes Tone On Bailout Terms, Hints On Rate Policy

Posted: September 24, 2008 at 10:30 am

Fed Chairman Ben Bernanke sounded more confident today in his presentation to the Joint Economic Committee in Washington D.C.  It seems as though he did not want to repeat the ...
Read Full Story »
Coal_image

CONSOL Guidance, A Canary In The Coal Sector (CNX, MEE, FCL, ACI, BTU, JRCC)

Posted: September 24, 2008 at 9:25 am

CONSOL Energy (NYSE:CNX) announced a dramatic change in its guidance for the third quarter. Production is expected reach just 15 million tons, well below even the low estimate of 16.4 ...
Read Full Story »
Solar_panel_pic_2

Government Wakes Up & Endorses Solar Tax Credits (FSLR, SPWR, STP, ESLR, ENER, SOLR)

Posted: September 24, 2008 at 9:08 am

For months we have been under the potential disaster scenario where solar tax credits were going to expire and end at the end of 2008.  Despite the calls for energy ...
Read Full Story »