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Daily Archives: October 2, 2008

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Companies Hit Hardest By Credit Crisis (AAPL)(SIRI)(CC)(DIS)(WMT)(MCD)

Posted: October 2, 2008 at 8:01 pm

Updated: 31 October 2008Not all companies and industries will be hit equally hard by the consumer credit crisis. Operations such as Procter & Gamble (PG), McDonald's (MCD), and Wal-Mart (WMT) ...
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Yahoo Under $16, Breaks Five Year Lows (YHOO)

Posted: October 2, 2008 at 3:36 pm

Yahoo! Inc. (NASDAQ: YHOO) is probably wishing it could go back in time and take that $30+ buyout from Microsoft.  Shares closed today at $15.58.  That is a 52-week low ...
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Freescale Joins Motorola in Purgatory (MOT)

Posted: October 2, 2008 at 3:17 pm

Freescale announced that it is exploring strategic options for its cellular handset business and intends to complete a sale, joint venture agreement or other transaction in the coming months. Former ...
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The 52-Week Low Club 10/2/2008 (GGP)(MOS)(POT)(WFT)(STLD)(AAPL)(EBAY)(YHOO)

Posted: October 2, 2008 at 3:00 pm

General Growth Properties (GGP) S&P cuts ratings on growth concerns. Falls to $7.25 from 52-week high of $57.84.Mosaic (MOS) Fiscal quarter earnings miss mark. Drops to $39.50 from 52-week high ...
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Petrobras Analyst Call Adds Fire To Fuel (PBR)

Posted: October 2, 2008 at 12:57 pm

Petroleo Brasileiro (NYSE: PBR), or Petrobras, is down an astonishing 13% to $37.77 today in mid-day trading.   It has also almost traded an entire day's volume.  Falling oil prices, ...
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Ibm

IBM (IBM) Pessimism Overblown

Posted: October 2, 2008 at 12:23 pm

A number of people are trying to convince IBM (IBM) shareholders that the company may miss its quarterly numbers. Not likely. IBM stock was almost $121 on Friday. It trades ...
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Prediction Market Betting on Congress Bailout Passage

Posted: October 2, 2008 at 11:30 am

The government's bailout package is likely to pass if you believe in the new event-driven alternative futures markets.  The latest active contract on intrade.com, perhaps the most liquid of the ...
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Monsanto Raises Guidance In Weak Sector (MON)

Posted: October 2, 2008 at 10:37 am

Monsanto Company (NYSE: MON) today raised its 2008 guidance again. This is in response to the clear drop in the agriculture and fertilizer sector weakness.  Roundup, other glyphosate-related herbicides, and ...
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Oil Patch Offers No Great Earnings Assurances (NBR, NE, ESV, PDE)

Posted: October 2, 2008 at 10:14 am

Oilfield services company Nabors Industrial (NYSE:NBR) revised its guidance downward after the market closed yesterday and its share price is approaching a new 52-week low. And its bringing its competitors ...
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NCC (NCC) Triples In Two Days

Posted: October 2, 2008 at 9:08 am

In a sign of how perverse and debased the market's reactions to simple news has become, NCC (NCC), the large regional bank, dropped from over $4 last Friday to $1.36 ...
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Mosaic Proves Potash & Fertilizer Are Back To Poop (MOS, POT, IPI)

Posted: October 2, 2008 at 8:56 am

Mosaic Co. (NYSE: MOS) is being slaughtered this morning. Any hopes that agriculture was going to be cool again are gone. The phosphate and potash producer's earnings missed the bar ...
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GE’s Massive Offering (GE)

Posted: October 2, 2008 at 8:41 am

General Electric Co. (NYSE: GE) has priced its massive secondary offering this morning of 547.8 million shares at a substantial discount of $22.25 per share. It has also given underwriters ...
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Suspending Mark-to-Market Won’t Suspend Reality

Posted: October 2, 2008 at 8:37 am

By John Tamny, RealClearMarketsThe University of Texas is famous for having the second largest university endowment in the country, behind that of Harvard. Less known is that UT's second-place ranking ...
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Atmel Merger Odd, But Proves Mergers Still Possible (ATML, MCHP, ONNN)

Posted: October 2, 2008 at 8:27 am

Atmel Corporation (NASDAQ: ATML) is going to be trading up big this morning.  Shares are currently halted on the news that Microchip Technology Incorporated (NASDAQ: MCHP) and ON Semiconductor Corporation ...
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Jobless Data Reminiscent of Bread Lines

Posted: October 2, 2008 at 7:52 am

Maybe the Hurricane damage has something to do with this, but the weekly jobless claims are reaching a critical point.  This last week's initial jobless claims rose again to 497,000.  ...
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