Quantcast

Daily Archives: September 25, 2008

The SEC Wants to Ban Reality

Posted: September 25, 2008 at 6:09 pm

By John Tamny, RealClearMarketsNed Ludd founded an eponymous movement in 19th century England meant to ban the mechanized looms that made the work of skilled textile artisans superfluous. According to ...
Read Full Story »
Cisco_logo_2

Proxy Surprise: Cisco Re-Nominates Jerry Yang To Board (CSCO, YHOO, MSFT)

Posted: September 25, 2008 at 4:08 pm

Cisco Systems Inc. (NASDAQ: CSCO) is doing something which we thought might not occur.  In the full proxy materials for the annual shareholder meeting, the company has re-nominated Yahoo! ...
Read Full Story »
Rimm_logo

RIM, Down The Drain (RIMM)

Posted: September 25, 2008 at 3:27 pm

Research In Motion Ltd. (NASDAQ: RIMM) posted disappointing results.  The Blackberry maker reported earnings of $0.86 on $2.58 billion in revenue.  First Call had estimates of $0.87 for earnings and ...
Read Full Story »
Sad_clown

The 52-Week Low Club 9/25/2008 (PPC)(TDC)(ORCL)(APD)(SPSN)

Posted: September 25, 2008 at 2:51 pm

Pilgrim's Pride (PPC) Company says it has liquidity issues. Sometimes that means Chapter 11.  The stock drops to $3.26 from 52-week high of $35.98.Teradata Corp (TDC) is facing competition from ...
Read Full Story »

Fluidigm IPO Shelved

Posted: September 25, 2008 at 2:28 pm

It appears that the IPO market has lost another IPO.  Fluidigm Corp. was set to come public.  We had it on the docket last week, then this week.  Now it ...
Read Full Story »
Cammonopoly_wideweb__430x3250_2

$700 Billion Bailout Done, And The World Is Saved

Posted: September 25, 2008 at 1:51 pm

Congress is nearly done pulling together terms for a $700 billion bailout of the nation's banks. It will keep a hand on the purse strings. At first, Treasury will get ...
Read Full Story »
Delta_logo

Can A Combined NWA & Delta Narrow Losses? (DAL, NWA, CAL)

Posted: September 25, 2008 at 1:43 pm

If you were against airline mergers, you might be preaching to the deaf now.  Northwest Airlines Corporation (NYSE: NWA) has voted in favor its merger with Delta Air Lines (NYSE: ...
Read Full Story »
Aig_logo_3

Greenberg Begins Selling AIG Shares (AIG)

Posted: September 25, 2008 at 12:02 pm

There had been hopes that Hank Greenberg was going to come with his own plan to save American International Group (NYSE: AIG).  That was removed yesterday after the company agreed ...
Read Full Story »
Oil_well_logo_2

Drilling for Cash, Not Oil and Gas (PXP, OXY, CHK)

Posted: September 25, 2008 at 9:26 am

This morning Plains Exploration (NYSE:PXP) announced the sale of its oil and gas properties in the Permian and Piceance Basins for $1.25 billion to Occidental Petroleum (NYSE:OXY). This sale highlights ...
Read Full Story »

Economic Trifecta: Rain Predicted For Tomorrow

Posted: September 25, 2008 at 9:21 am

Anyone hoping for backdated economic data relief today may have to turn to their local weatherman for good news.  There were dismal reports on new home sales, weekly jobless claims, ...
Read Full Story »

Oracle Enters Hardware Market In Time For Slowdown (ORCL, HPQ)

Posted: September 25, 2008 at 8:51 am

There have been more press releases out of the Oracle OpenWorld conference in San Francisco this week than you can count.  But one from Oracle Corp. (NASDAQ: ORCL) is perhaps ...
Read Full Story »
Dell20logo

Michael Dell (DELL); Fortune-Teller (AAPL)(HPQ)

Posted: September 25, 2008 at 8:12 am

Dell (DELL) is going to grow faster than the other global PC companies. Why? Because Michael Dell says so. That means HP (HPQ), the big Chinese PC companies, and perhaps ...
Read Full Story »
Solar_panel_pic

Short Sellers Losing Conviction in Alternative Energy (CSIQ, CPST, CLNE, ESLR, FSLR, FTEK, FCEL, HOKU, LDK, SPWR, STP)

Posted: September 25, 2008 at 8:07 am

Many traders and short sellers have loved targeting solar power and other alternative energy stocks.  Interestingly, bets against these companies have not risen dramatically even though many of them are ...
Read Full Story »

Short Selling Very Mixed In Oil Companies (BHI, CVX, XOM, HES, MRO, SLB, HAL, NOV, RIG, VLO)

Posted: September 25, 2008 at 7:44 am

As you will see below, there were many key changes to short sales in oil stocks.  Some of these would have been expected to have gone up because oil was ...
Read Full Story »

Top Analyst Upgrades & Downgrades (BIIB, COWN, MYL, PRX, SMBL, TEVA, CBY, CCL, DLB, JCP, JEF, PRSP)

Posted: September 25, 2008 at 6:49 am

Below are some of the top analyst calls we are seeing from Wall Street firms this Thursday morning:Biogen Idec (BIIB) Raised to Buy at Lazard.Cowen (COWN) Raised to Outperform at ...
Read Full Story »