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Daily Archives: December 29, 2008

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Could Retail Cut Another One Million Jobs In 2009?

Posted: December 29, 2008 at 4:23 pm

The media has been full of news about how heavily retailers will have to cut store locations next year.  Three weeks ago, 24/7 Wall St. ran an analysis of the ...
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The 52-Week Low Club (MSO)(CHTR)(DOW)

Posted: December 29, 2008 at 4:06 pm

Dow Chemical (DOW) Deal with Kuwait is dead. Falls to $14.93 from 52-week high of $43.43.Martha Stewart Living (MSO) No special news. Media stocks just keep falling. Drops to $2.55 ...
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Ford (F): Kerkorian No Longer Considered “Smart Money”

Posted: December 29, 2008 at 3:00 pm

Kirk Kerkorian used to be considered "smart money". He wears a dunce hat now that Ford (F) is back near $2. According to Reuters his investment firm, Tracinda Corp., has ...
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China To Build Strategic Oil Reserves (SNP)

Posted: December 29, 2008 at 2:32 pm

In late 2005, China began to fill its strategic petroleum reserve of 102 million barrels. It has added to the reserve on and off ever since, sometimes buying the oil ...
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Colder Weather Warms Gas Company’s Results (PNY)

Posted: December 29, 2008 at 2:28 pm

Piedmont Natural Gas Company (NYSE:PNY) this morning reported results for its 2008 fiscal year, which ended on October 31st. The company reported EPS of $1.49 on earnings of $110 million, ...
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SCANA Added to S&P 500, Celebrates by Issuing New Shares (SCG, JPM)

Posted: December 29, 2008 at 2:25 pm

SCANA Corporation (NYSE:SCG), a producer and marketer of electricity, will be added to the Standard & Poor's 500 Index after the market closes on December 31st. To celebrate the ...
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Corporate Profits: Six Quarter Decline With Worst To Come (AAPL)(C)(XOM)(TWX)

Posted: December 29, 2008 at 9:49 am

A Bloomberg review of the S&P 500 stocks shows that the fourth quarter of 2008 will probably be the sixth quarter of declining earnings. According to the news service, "Fourth-quarter ...
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Billionaire Mark Cuban Discloses 9.4% Stake in Carmike Cinemas (CKEC)

Posted: December 29, 2008 at 9:12 am

Billionaire Mark Cuban disclosed a 9.4%, or 1,200,000 share, stake in Carmike Cinemas, Inc. (Nasdaq: CKEC). Cuban did not hold a prior stake in the company.Curban disclosed that he paid ...
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Oil Profiteering For Fun And Money

Posted: December 29, 2008 at 8:24 am

Nothing could really stop the falling price of oil as it slumped from $147 last summer to well under $40. The recession caused too big a drop in demand. OPEC ...
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The Fed Cannot Create Economic Growth

Posted: December 29, 2008 at 8:12 am

John Tamny RealClearMarketsAs the year 1970 drew to a close, some of President Richard Nixon's top economic advisors were frantically searching for ways to grow the economy ahead of the ...
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Early Analyst Calls (CHTR)(HON)(AEO)(MAR)

Posted: December 29, 2008 at 7:43 am

Charter Communications (CHTR) was downgraded to "sell" at Citigroup.Honeywell (HON) was downgraded to "hold" at Argus.American Eagle (AEO) was startes as "buy" by Pali. (more...) ...
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Angrybear

A Mistaken Vote For US Banks (FRE)(FNM)(C)(WFC)(BAC)

Posted: December 29, 2008 at 7:31 am

At some point all stocks get too cheap. Enron go too cheap. So did Fannie Mae (FNM) and Freddie Mac (FRE).The next round of company shares that appear to be ...
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Early Bird Analyst Upgrades & Downgrades (SPF, FPL)

Posted: December 29, 2008 at 7:09 am

So far there are very few analyst calls seen, but that may be the norm for this week.  Here are today's early bird analyst callls:Standard Pacific (SPF) Raised to Buy ...
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The Sony (SNE) Turnaround Goes To The Morgue

Posted: December 29, 2008 at 6:01 am

Sir Howard Stringer's appointment in 2005 as Sony's CEO was meant help turn the company into what it used to be--Apple (AAPL) based in Tokyo and not Cupertino. With products ...
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As Recession Bites, Global Politics Turn Dirty

Posted: December 29, 2008 at 5:40 am

It is easy to look at Kuwait's abandonment of a deal with Dow Chemical (DOW) as a simple economic decision on the part of the small Arab country. But, the ...
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