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Daily Archives: January 7, 2009

EMC’s Jekyll & Hyde Strategy Continues (EMC, VMW)

Posted: January 7, 2009 at 7:21 pm

EMC Corp. (NYSE: EMC) has been a love and hate relationship if you have hung in there since before, during, or after the VMware (NYSE: VMW) spin-off.  The company issued ...
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The 52-Week Low Club (LF)(SMA)(CSNT)

Posted: January 7, 2009 at 4:06 pm

Leapfrog (LF) Concerns about holiday toy sales. Down to $3.06 from 52-week high of $10.63.Symmetry (SMA) Wachovia downgrades orthopedic sector. Falls to $9.67 from 52-week high of $21.99.Crescent Banking (CSNT) ...
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The Next Corporate Crisis: Massive Pension Deficits

Posted: January 7, 2009 at 1:51 pm

We have noted on more than one occasion that pension plans would be trouble in the future.  It has been well known that city, county, and state pension plans ...
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Akeena Dips on Possible Capital Raise (AKNS)

Posted: January 7, 2009 at 1:36 pm

Akeena Solar, Inc. (NASDAQ: AKNS) is trading lower today after the company filed to sell up to $30 million in a mixed securities shelf offering.  No terms were listed, but ...
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Progress Energy Raising Cash (PGN)

Posted: January 7, 2009 at 11:20 am

Progress Energy Inc. (NYSE:PGN) announced yesterday that it would issue 11.5 million new shares of common stock. JP Morgan Securities Inc. and Morgan Stanley & Co. are joint managers and ...
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Congressional Budget Office: Forget Stimulus, 2009 Hole Is Already Stunning

Posted: January 7, 2009 at 10:50 am

A look at the Congressional Budget Office figures for 2009 and 2010 is enough to drive most strong men to despair.Right at the start the CBO says that the federal ...
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Russia, Ukraine & E.U… The Politics of Natural Gas

Posted: January 7, 2009 at 10:45 am

As the dispute drags on between Ukraine and Russian over the price of Russian natural gas, the weather gets colder in Europe and the European Union has demanded an immediate ...
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Meredith Whitney Predicts Banks Need More Capital (BAC, C, JPM, WFC)

Posted: January 7, 2009 at 9:50 am

Oppenheimer's star banking analyst Meredith Whitney slammed the banking giants yet again this morning.  The difference between today's note and her prior criticisms, is that now she expects that many ...
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Collins Stewart Initiates Coverage on Apple (AAPL) with a Buy

Posted: January 7, 2009 at 9:24 am

Collins Stewart initiates coverage on Apple (Nasdaq: AAPL) with a Buy. Price target $117.Collins analyst says, "The heavily subsidized smart phones remain the sole bright spot in an otherwise anemic ...
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Intel Shows Tech & PC Woes Ahead, Again, Again (INTC, CLWR)

Posted: January 7, 2009 at 9:22 am

Technology is far from a recovery if you trust what the companies are telling you at face value.  Just look at Intel Corporation (NASDAQ: INTC) and you will see why.  ...
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Boutique Warms To Apple & Qualcomm (AAPL, QCOM, NVDA)

Posted: January 7, 2009 at 9:11 am

Collins Stewart has initiated coverage on several key technology stocks this morning.  The boutique firm has come out positive on Apple Inc. (NASDAQ: AAPL) and on Qualcomm (NASDAQ: QCOM), and ...
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ADP Sees December Job Losses Off The Charts

Posted: January 7, 2009 at 8:25 am

This is a revised number with new methodology, but ADP's job loss number predictions for December are off the chart.  ADP had previously been under expectations where Wall Street economists ...
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Top 10 Pre-Market Analyst Upgrades (AKS, ARO, NTRS, OCNF, URBN)

Posted: January 7, 2009 at 7:50 am

There were not as many analyst upgrades today, but here are this Wednesday's early bird upgrades:AK Steel (NYSE: AKS) Raised to Buy at Goldman Sachs.Aeropostale (NYSE: ARO) Started as Buy ...
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Top Pre-Market Downgrades (AMSF, SQM, TRI, TSCO, WOOF, VOLVY)

Posted: January 7, 2009 at 7:44 am

There were not as many analysts calls today, and you will see that the upgrades and downgrades from Wall Street analysts are just not as robust as some might have ...
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Aladdin Comes Clean, Addresses Merger Reports (ALDN)

Posted: January 7, 2009 at 7:15 am

We reported yesterday that Israeli-data and IT security firm Aladdin Knowledge Systems Ltd. (NASDAQ: ALDN) was up sharply higher on reports that its old merger offer "may" be developing again.  ...
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