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Daily Archives: December 24, 2008

Coal for Christmas: Stocks on 52-Week Lows (APL, KDE, HNSN, IPCM, LUFK, SYNA, THO, TRAC, RIG)

Posted: December 24, 2008 at 4:05 pm

It almost never matter what the markets do anymore.  Some stocks just can't get it right.  Most of these lows that we chose to outline did not even have real ...
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OPEC’s Worst Christmas

Posted: December 24, 2008 at 2:21 pm

You read it here first. OPEC will have to cut its output by another two million to three million barrels a day once the new year comes.The oil consuming world ...
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Chimera Files To Raise More Cash, Again (CIM, NLY)

Posted: December 24, 2008 at 10:53 am

Chimera Investment Corporation (NYSE: CIM) is back at the trough to raise more cash.  The vulture mortgage investment REIT has filed to sell up to $750 million in common and ...
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Refiners Squeezed Again (BP, MRO, VLO)

Posted: December 24, 2008 at 10:41 am

On December 12th, the US Energy Information Agency reported that the cost of a barrel of crude in the US was $36.58/barrel. On December 22nd, conventional regular gasoline in the ...
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Eyeblaster Cancels IPO (EYEB)

Posted: December 24, 2008 at 10:08 am

Eyeblaster, Inc. has just withdrawn its registration statement with the SEC for its planned initial public offering.  You can guess the reasons... "because of unfavorable market conditions that would adversely ...
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Adult Social Networking Site FriendFinder Filed For IPO (FFN)

Posted: December 24, 2008 at 9:25 am

There was a rather interesting initial public offering filed this week.  A company called FriendFinder Networks, Inc. wants to sell shares to investors.  This is not a run-of-the-mill IPO. FriendFinder ...
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As Business Crashes, New York Times (NYT) Moves To Survival Mode

Posted: December 24, 2008 at 9:00 am

It would have been hard for The New York Times (NYT) to post numbers much worse than their sales for November.Advertising revenue for the News Media Group, which includes the ...
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Cramer Touts Suburban Propane (SPH) as a Play on the Cold Winter Weather

Posted: December 24, 2008 at 8:46 am

From Street InsiderOn last night's Mad Money, Cramer recommended a stock which he called "a play on the cold winter weather", Suburban Propane (NYSE: SPH). Cramer believes Suburban's story is ...
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Economic Numbers & Holiday Work Pains

Posted: December 24, 2008 at 8:42 am

It was hard to get excited about a half-day of the markets already, and the poor economic data only exacerbated that feeling.  Durable goods coming in "less-bad" than expected initially ...
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Durables Numbers Look Better Than Expected

Posted: December 24, 2008 at 8:41 am

Orders for U.S.-made durable goods fell 1% in November, the Commerce Department estimated Wednesday, as orders for transportation goods fell 7.4%. Economists surveyed by MarketWatch had expected an overall decline ...
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Jobless Claims Job Up: More Deep Recession Evidence

Posted: December 24, 2008 at 8:38 am

The U.S. labor market has gotten worse in the last month, with unemployment hitting the worst levels since 1982, the Labor Department said. First-time applications for state unemployment benefits jumped ...
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No RIM Jobs For Ex-Motorola Workers? (RIMM, MOT)

Posted: December 24, 2008 at 8:11 am

There is an interesting story out in technology, and it is far more interesting if you are a laid-off or disgruntled technology employee.  Bloomberg has a report outlining a lawsuit ...
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Top Pre-Market Analyst Upgrades & Downgrades (LFC, NUE, PLD, SLF, CCJ, SSCC)

Posted: December 24, 2008 at 7:36 am

These are the few upgrades and downgrades we have seen this shortened Wednesday.  As we are in the holidays, the analyst community has largely gone quiet until after the first ...
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Mortgage Applications Are Way Up, But Are Loans?

Posted: December 24, 2008 at 7:11 am

According to MarketWatch, "With mortgage rates approaching record lows, the volume of applications filed for mortgages jumped a seasonally adjusted 48% last week compared with the previous week, according to ...
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Why Is GM (GM) Waiting Until Next Year To Clean Its Stable?

Posted: December 24, 2008 at 6:15 am

The executives in the automobile industry will go to any lengths to prove what boobs they are.GM management has elected to wait until next year before it begins to negotiate ...
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