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Monthly Archives: September 2008

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Attila the Huntsman (HUN)

Posted: September 30, 2008 at 7:32 am

Huntsman Corp. looks like it may be trading up 50% pre-market after a recent battering.  This chemicals and products maker had been down and out after its private equity buyout ...
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Siri

Sirius (SIRI): Some Upside

Posted: September 30, 2008 at 7:30 am

Sirius (SIRI) management has been desperate to convince shareholders that the merger of the two satellite radio companies would work. Wall St. has not bought into the pitch, but there ...
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Conexant One To Watch on Guidance (CNXT)

Posted: September 30, 2008 at 7:20 am

Conexant Systems Inc. (NASDAQ: CNXT) did something unusual even for a small cap stock.  The communications chip company raised its guidance.  It now sees EPS of $0.24 to $0.26 vs. ...
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Economic Crises Are ‘The Health of the State’

Posted: September 30, 2008 at 7:08 am

By John Tamny, RealClearMarketsEarly 20th century writer Randolph Bourne was probably most famous for proclaiming that war is "the health of the state." Whatever the good or bad of wars, ...
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Top Pre-Market Analyst Upgrades (ANF, ARG, EMR, LSTR, SPNC, WFC)

Posted: September 30, 2008 at 7:06 am

These are some of the key upgrades from analysts we are focusing on this Tuesday morning:Abercrombie & Fitch (ANF) Raised to Outperform at FBR.Airgas (ARG) Raised to Outperform at Baird.Emerson ...
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Top Pre-Market Analyst Downgrades (APKT, FITB, GNTX, NYM, PLD, ROK, TSS, VRAD)

Posted: September 30, 2008 at 7:01 am

These are not all of the downgrades, butthese are some of the standout calls early this Tuesday morning:Acme Packet (APKT) Cut to Sell at Piper Jaffray.Fifth Third Bancorp (FITB) Cut ...
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Oil To $60, Speculation On The Way Down

Posted: September 30, 2008 at 5:14 am

Two months ago, it was unimaginable that crude could drop below $100. The stink of $147 oil was still in the air. Eulogies for the car and airline industries were ...
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Opening The Fed Lending Window To Hedge Funds

Posted: September 30, 2008 at 4:55 am

The poor and middle class like to spit on the rich when they are down. It happens so rarely.The idea of bailing out hedge funds or helping them in any ...
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Fed

The Fed Needs To Cut Interest Rates To Zero

Posted: September 30, 2008 at 4:25 am

Up until recently, the Fed had a good reason not to cut interest rates. Inflation might catch hold of the economy and undercut the purchasing power of individuals and corporations ...
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Newspaper

Media Digest 9/30/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: September 30, 2008 at 2:41 am

According to Reuters, the credit crisis has sharply increased the chances of a deep recession. Reuters reports that the fall in the stock market is pushing investors into safe investments ...
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Jap

Asia Markets 9/30/2008 Nikkei Off 4% (PTR)

Posted: September 30, 2008 at 2:14 am

Asia markets fell sharply.The Nikkei dropped 4.1% to 11,260. The Hang Seng fell 2% to 17,629. Sun Hung Kai Properties fell as much as 6%. Petrochina (PTR) and CNOOC were ...
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Unemply

Small Business Gets Crushed In Credit Crisis

Posted: September 29, 2008 at 6:07 pm

With the Congressional rejection of the Treasury bailout package lending from banks to small businesses has ground to a halt. According to Forbes,"The Discover Small Business Watch index of economic ...
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CMGI Is No More (CMGI, MLNK)

Posted: September 29, 2008 at 3:47 pm

CMGI Inc. (NASDAQ: CMGI) is about to go through an investor transformation.  The former Internet incubator is now mostly ModusLink and will reflect that change. It also released its quarterly ...
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Wachovia Re-Opens, Some Value Remains (WB, C)

Posted: September 29, 2008 at 1:43 pm

Wachovia Corporation (NYSE: WB) has just resumed trading after its FDIC-led Citigroup Inc. (NYSE: C) "take-under" came in.  By now you've already heard enough about the merger news and how ...
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Fed Could Cut To Zero: Can The System Save Itself?

Posted: September 29, 2008 at 1:41 pm

Now that the Congress has voted against the Treasury bailout and the Dow has dropped700 points, the important question is whether they system can save itself before the market moves ...
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