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Daily Archives: January 22, 2009

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Microsoft and Premature Hari Kari, Death of Guidance (MSFT)

Posted: January 22, 2009 at 9:19 am

Microsoft Corp. (NASDAQ: MSFT) was not supposed to report earnings until after the close of trading.  But something happened for the first time we have ever seen.  The company unexpectedly ...
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Deutsche Bank Upgraded Best Buy (BBY) to Buy

Posted: January 22, 2009 at 9:07 am

Deutsche Bank upgraded Best Buy (NYSE: BBY) today from Hold to Buy and boosted its price target from $28 to $40, saying the company should be one of the biggest ...
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Day Trader Alert: DryShips Drops Anchor (DRYS)

Posted: January 22, 2009 at 8:54 am

DryShips, Inc. (NASDAQ: DRYS) has been one of the day trader's dreamboat stocks, and no pun is intended.  You can hardly go a day where there is not a $1.00 ...
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Jobless Filings Match Cycle High

Posted: January 22, 2009 at 8:37 am

The Labor Department released its weekly jobless claims showing how many Americans have filed for new unemployment benefits.  Consensus estimates according to Bloomberg was 610,000 for the week, although Dow ...
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Top Pre-Market Analyst Upgrades (ATVI, AAP, BBY, DTSI, HSY, LOW, M, NEU)

Posted: January 22, 2009 at 7:37 am

These are some of the top pre-market analyst upgrades we have seen early this Thursday morning with more than two hours until the market opens:Activision Blizzard (ATVI) Started as Outperform ...
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Top Pre-Market Analyst Downgrades (APD, AA, CENX, CERN, BOOM, ECLP, EE, FCX, K, LOGI, WYE)

Posted: January 22, 2009 at 7:34 am

These are some of the top pre-market analyst downgrades we have seen this Thursday morning with more than two hours until the market opens:Air Products (APD) Cut to Hold at ...
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What Nokia (NOK) Means

Posted: January 22, 2009 at 7:19 am

Nokia (NOK) turned in a bad quarter. Net profit in the fourth quarter dropped to 576 million euros ($751 million), or 0.15 euro a share, from 1.84 billion euros, or ...
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GE (GE) May Not Do So Badly

Posted: January 22, 2009 at 6:38 am

Nearly everyone on Wall St. believes that GE (GE) will miss its earnings estimates and post a poor forecast for 2009. This sentiment has pushed its stock to a multi-year ...
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US Banks Become Nervous About UK Trends (BCS)(RBS)(C)(BAC)(WFC)

Posted: January 22, 2009 at 6:24 am

By many measures, the economy in the UK may be worse off than the US, at least up until now. The government has dealt with that by becoming more aggressively ...
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Sony (SNE): The Disadvantages Of Being A Conglomerate

Posted: January 22, 2009 at 6:04 am

John Rockefeller of Standard Oil, Alfred Sloan of GM (GM), and Gerald Swope of GE (GE)created the structure of the modern conglomerate. Diversification was meant to cushion economic blows. Being ...
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Asia Falls Apart All At Once: Korea, China, And Japan

Posted: January 22, 2009 at 5:39 am

The Asia Miracle was always about exports starting with Japan in the 1970s and 1980s and followed by Korea and China in the 1990s.The consuming classes in these countries never ...
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Media Digest 1/22/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: January 22, 2009 at 4:03 am

According to Reuters, a House committee advanced the economic stimulus bill.Reuters reports that China's GDP growth slowed.Reuters reports that exports from Japan dropped sharply.Reuters writes that Sony (SNE) warned of ...
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Asia Markets And Europe Open 1/22/2009

Posted: January 22, 2009 at 3:31 am

Markets in Asia moved higher.The Nikkei was up 1.9% to 8,052.The Hang Seng rose .9% to 12,700.The Shanghai Composite was up 1% to 2,005.At the open in Europe,the FTSE was ...
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A Guide To The Perplexed: Reading The America Recovery And Reinvestment Bill

Posted: January 22, 2009 at 3:20 am

“Madness is to think of too many things in succession too fast, or of one thing too exclusively”--VoltaireThe American Recovery and Reinvestment Bill of 2009 should be required reading for ...
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