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Daily Archives: November 21, 2008

Sad_clown

The 52-Week Low Club (C)(FL)(JPM)(NYT)(BAC)(DELL)

Posted: November 21, 2008 at 3:50 pm

Foot Locker (FL) Cuts earnings outlook. Falls to $3.65 from 52-week high of $18.19.Citgroup (C) Still concerns about whether government will have to step in to stop bleeding. Down to ...
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Buffett Tells Fox About Goldman, Obama, Autos, Stocks & More (BRK-A, GS)

Posted: November 21, 2008 at 2:57 pm

Warren Buffett of Berkshire Hathaway Inc. (NYSE: BRK-A) will be appearing on Fox Business News around the close of the market today, and we have been provided some of the ...
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Burningmoney

SIRIUS vs. Charter: Which Disappears First? (SIRI, CHTR)

Posted: November 21, 2008 at 1:37 pm

Everyone knows about the old $1.00 stock limit for a regular NASDAQ listing.  This $1.00 listing requirment rule has been under a moratorium until after the first of the year ...
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Data

Citigroup (C) Finally Gets It Right By Considering Auction Block

Posted: November 21, 2008 at 12:05 pm

At last Citigroup (C) has decided to do something to save itself beyond having town hall meetings and firing tens of thousand of people.Shares of the big bank fell to ...
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Amd

New Chips Can’t Save AMD (AMD)(INTC)

Posted: November 21, 2008 at 10:39 am

After bad news from its larger rival Intel (INTC), AMD (AMD) backed its own forecasts. AMD has its new Opteron processors. According to the company, the product has up to ...
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Is Gap (GPS) Back From The Dead?

Posted: November 21, 2008 at 10:10 am

Is retailer Gap (GPS) back from the dead? At least two analysts think so following the company's solid third quarter results and guidance after the close. This morning, Gap's stock ...
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Gap_logo

Has Gap Finally Found Redemption? (GPS)

Posted: November 21, 2008 at 9:32 am

If you have read us for very long, you will know how critical we have been of Gap, Inc. (NYSE: GPS).  The company just couldn't get it right.  This was ...
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Warren Buffett Double Dipping in USG (USG, BRK-A, FFH)

Posted: November 21, 2008 at 9:04 am

USG Corporation (NYSE: USG) shares are surging this morning.  The sheet rock and building products company has reported that it has entered into an agreement to sell a total of ...
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Batmobile512

Obama Camp Denies Pre-Packaged Chapter 11 Plan For Detroit

Posted: November 21, 2008 at 8:53 am

So much for the Bloomberg report that the new administration would set up a pre-packaged bankruptcy for GM (GM) and perhaps other car companies.According to Reuters, President-elect Barack Obama's transition ...
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Lee Scott Out At Wal-Mart (WMT)

Posted: November 21, 2008 at 8:48 am

Wal-Mart Stores Inc. (NYSE: WMT) is doing what we believe they should have done two-years ago.  The board of directors has elected Mike Duke to replace Lee Scott as President ...
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Oil_well_logo_2

A Takeover in the Oil & Gas Minis (ROYL, ASPN)

Posted: November 21, 2008 at 8:19 am

Now this is how it's supposed to work. Royale Energy (NASDAQ:ROYL) has initiated an exchange offer for up to 55% of the outstanding shares of an OTC bulletin board energy ...
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Not Much Sunshine in Canada Either (CSIQ)

Posted: November 21, 2008 at 8:17 am

Canadian solar panel maker Canadian Solar Inc. (NASDAQ:CSIQ) reported earnings this morning before the market opened. Revenue for the third quarter was $252.4 million, higher than expectations of $248 million. ...
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Goldman Sachs (GS) Sees 9% Unemployment And 5% GDP Contaction

Posted: November 21, 2008 at 7:54 am

According to Bloomberg, "Goldman Sachs Group Inc. increased its recession estimates, saying gross domestic product is declining at a 5 percent annual rate in the current quarter and will drop ...
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Top Pre-Market Analyst Upgrades (ARMH, BMRN, CYBX, FFIV, GPS, JNPR, LTD, MSFT, MYGN, NVTL, CRM)

Posted: November 21, 2008 at 7:33 am

These are the top pre-market analyst upgrades and positive calls we are seeing from Wall Street firms this Friday morning with more than two hours until the open.Arm Holdings (ARMH) ...
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A Pre-Packaged Bankruptcy For GM (GM)? Begging For A UAW Strike

Posted: November 21, 2008 at 7:33 am

Bloomberg is reporting that the new administration may push for a pre-packed bankruptcy for GM (GM). "President-Elect Barack Obama’s transition team is exploring a swift, prepackaged bankruptcy for automakers as ...
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