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Daily Archives: January 6, 2009

Oppenheimer Flips Back to a Bullish Stance On Apple (AAPL) Following Jobs Health Disclosure

Posted: January 6, 2009 at 9:11 am

Analysts at Oppenheimer upgraded Apple (Nasdaq: AAPL) today following details from Steve Jobs about the condition of his health ahead of Macworld. If you remember, Oppenheimer downgraded Apple on December ...
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New Nukes for Florida (PGN, SGR, SCG)

Posted: January 6, 2009 at 9:10 am

Westinghouse Electric, a subsidiary of Japan's Toshiba Corporation, has signed an engineering, procurement, and construction contract with the Florida subsidiary of Progress Energy, Inc. (NYSE:PGN) to build two new nuclear ...
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Weatherford: Raising Money the Old-Fashioned Way (WFT, SLB, HAL, BJS, BHI)

Posted: January 6, 2009 at 9:07 am

Oil field services company Weatherford International Ltd. (NYSE:WFT) announced that it has begun offering Senior Notes due in 2019. A subsidiary of Weatherford "will fully and unconditionally guarantee the notes ...
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LDK & More Solar Peer Pressure (LDK, FSLR, CSIQ, JASO, ESLR, SOLF)

Posted: January 6, 2009 at 8:39 am

LDK Solar Co., Ltd. (NYSE: LDK) is living up to the doubts that many investors had in this stock.  When times were good for solar and alternative energy players, many ...
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Jaguar: A Cautionary Tale for Future GM/Chrysler Buyers

Posted: January 6, 2009 at 8:17 am

By John Tamny  RealClearMarketsWith England's economy gasping in the mid 1970s due to a combination of nosebleed rates of taxation and a currency in freefall, the fortunes of many of ...
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Bernstein Dumps Insurers (ACE, ALL, CB, CNA, TRV, XL, AIG)

Posted: January 6, 2009 at 7:56 am

Financial stocks may have enjoyed sizable bounces from their lows in November and December, but not all analysts are following them up.  The insurrance sector and some of the re-insurance ...
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Dow Chemical (DOW): Sue Kuwait

Posted: January 6, 2009 at 7:39 am

Dow Chemical (DOW) seemed to be upset that the government of Kuwait walked out on the big joint venture they had agreed to.According to MarketWatch: Dow Chemical Co. (DOW) said ...
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The Powerful Case For $1 Gas

Posted: January 6, 2009 at 7:00 am

In July, the average price of gas in the US was $4.11. According to the carefully followed Lundberg Survey, the number was about $1.66 on Dec. 19.  In some regions ...
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Early Bird Technology Analyst Upgrades & Downgrades (AAPL, GOOG, ELX, ISIL, ITRI, GRMN)

Posted: January 6, 2009 at 6:47 am

We have some key technology and consumer electronics stocks which are seeing upgrades and downgrades from Wall Street analysts this Tuesday morning.  Here are some of the calls we have ...
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Does Saving Money Kill The Economy?

Posted: January 6, 2009 at 6:19 am

Many economists think that when consumers save money instead of spending it, a recession gets deeper. People start to stick money into mattresses for safe keeping in case they get ...
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E*TRADE Files To Raise Cash (ETFC)

Posted: January 6, 2009 at 6:18 am

E*TRADE Financial Corporation (NASDAQ: ETFC) has filed an automatic mixed securities shelf registration with the SEC to raise cash via the sale of securities.  There were no financial terms nor ...
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7% Unemployment Expected Friday… 8.5% By June?

Posted: January 6, 2009 at 6:11 am

This week will reveal the economy's tolerance for pain. Investors will find out the official unemployment rate finished for 2008.  The consensus estimates from both Dow Jones and Bloomberg show ...
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A Recession Hallmark: Dumping CEOs At A Breathtaking Pace (AB)(TSN)(BGP)

Posted: January 6, 2009 at 6:03 am

The best way to handle trouble at a company during a recession is to dump the CEO. Someone probably keeps statistics on whether chief executives lose their jobs faster in ...
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Asking The SEC To Do Everything

Posted: January 6, 2009 at 5:43 am

Down in Washington, a bunch of Congressmen who lost their jobs and bunch of others taking lobbying money under the table for a piece of the bailout fund, are drawing ...
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Media Digest 1/6/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: January 6, 2009 at 3:55 am

According the Reuters, December domestic cars sales were the worst month in years.Reuters writes that Toyota (TM) will cut plants.Reuters reports that Apple's (AAPL) Jobs tried to calm investors about ...
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