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Daily Archives: October 1, 2008

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Bad ISM Data, Back To 2001 Post-Terror Levels

Posted: October 1, 2008 at 9:17 am

The Institute for Supply management, or ISM, has released some awful data for the manufacturing sector.    It noted that while the overall economy grew for the 83rd consecutive month, ...
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AMEX & NYSE Finally United (NYX)

Posted: October 1, 2008 at 8:38 am

NYSE Euronext (NYSE: NYX) made an announcement that it has completed its acquisition of the American Stock Exchange.  This deal has felt as though it has been on the books ...
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GameStop Grows EU Ops With Micromania Buyout (GME)

Posted: October 1, 2008 at 8:18 am

GameStop (NYSE: GME) has reached a deal to make another video game chain acquisition.  It is in a definitive agreement to acquire Micromania.  This chain is France's leading video game ...
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Farmer Mac Raises Needed Cash, At Steep Price (AGM)

Posted: October 1, 2008 at 7:34 am

Farmer Mac, or Federal Agricultural Mortgage Corp. (NYSE: AGM), has been up against the ropes and reviewing its alternatives.  Things have been so bad that at a $4.10 close, that ...
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UBS Taking Down Hospital Stocks (CYH, THC, UHS)

Posted: October 1, 2008 at 6:59 am

UBS has decided to downgrades the hospital sector this morning. It seems that perhaps not all medical and healthcare stocks are immune from a rapidly weakening economy. We have seen ...
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Top Pre-Market Analyst Upgrades (AMT, ES, XOM, IFF, RIMM)

Posted: October 1, 2008 at 6:53 am

These are some of the upgrades and positive analyst calls we are seeing this Wednesday morning:American Tower (AMT) Raised to Buy at Goldman Sachs.Energy Solutions (ES) Raised to Outperform at ...
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Top Pre-Market Analyst Downgrades (ACAS, BSX, CMVT, FSS, HPY, MRT, NENG, OTEX, RRI, RUTH)

Posted: October 1, 2008 at 6:50 am

These are some of the downgrades and cautious analyst calls we are seeing this Wednesday morning:American Capital (ACAS) Cut To Underweight from Neutral By JP Morgan.Boston Scientific (BSX) Cut to ...
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Look For Q4 Earnings Growth To Go Negative (MSFT)(GOOG)(GM)(XOM)(PG)(MCD)

Posted: October 1, 2008 at 5:19 am

Hope dies hard. A lot of Wall St. analysts still think that earnings from the S&P 500 companies will be up in aggregate in Q4 2008 compared with the same ...
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Home Loans Joined By Car Loans And Credit Cards

Posted: October 1, 2008 at 5:03 am

While the market was busy looking at all of those "For Sale" signs around most neighborhoods, it forgot that people also put three or four expensive cars in their driveways ...
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Moving The Foul Pole: The Mark-To-Market Scandal

Posted: October 1, 2008 at 4:43 am

The rule about scandals was set a long time ago. A company or individual can create a scandal. Government rules and regulations are, by definition, scandal-proof. They are sanctioned by ...
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Detroit Bailout Can’t Solve Credit Crisis (GM)(F)(TM)(HMC)

Posted: October 1, 2008 at 4:24 am

Detroit is getting its $25 billion in loan guarantees from the federal government. Ford (F), GM (GM), and Chrysler did not have access to enough capital to upgrade their plants ...
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Media Digest 10/1/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: October 1, 2008 at 2:50 am

According to Reuters, a Senate plan to vote on the bailout package pushed US markets up.Reuters reports that the FDIC would like to increase the value of the accounts it ...
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Asia Markets 10/1/2008

Posted: October 1, 2008 at 2:19 am

The Nikkei rose 1% to 11.368. Canon rose on expectations that the US economy may improve.Nomura was up 8% and Mitsubishi UFJ Financial over 3%.Markets in China were closed.Data from ...
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