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Daily Archives: January 27, 2009

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Shorts Tear Into Tech With a Vengeance (CSCO)(DELL)(NVDA)(MSFT)(ADBE)(ORCL)(QCOM)(BRCM)(NOK)(HPQ)(TXN)(EMC)(JPM)(C)(BAC)(WFC)(GM)(F)(M)(JWN)(HD)(LTD)(WAG)

Posted: January 27, 2009 at 8:26 pm

Short sellers placed large bets against the stock of tech companies for the period ending on January 15, taking a series of positions to gamble that firms like Microsoft (MSFT) ...
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Target Formalizes Layoffs (TGT)

Posted: January 27, 2009 at 5:09 pm

Target Corp. (NYSE: TGT) has just confirmed the layoffs we and other reports discussed earlier today.  As we expected, this is a very small number of jobs, and it appears ...
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GE Forced Again To Deal With AAA Rating (GE)

Posted: January 27, 2009 at 4:59 pm

General Electric Co. (NYSE: GE) saw its stock plunge after the close of trading after its corporate credit rating was put on review for a downgrade by Moody's.  That means ...
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Yahoo! (YHOO): Bad, But Not Awful

Posted: January 27, 2009 at 4:44 pm

Yahoo!'s (YHOO) reported revenue excluding traffic acquisition costs (“TAC”) was $1,375 million for the fourth quarter of 2008, a 2% decrease compared with $1,403 million for the same period of ...
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Websense Still Targets Growth (WBSN)

Posted: January 27, 2009 at 4:32 pm

Websense, Inc. (NASDAQ: WBSN) has posted earnings.  The results from the web filtering and data security player are initially being viewed as a disappointment, but the company is actually offering ...
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Somehow, Some Way, Sun Beats… Sort Of (JAVA)

Posted: January 27, 2009 at 4:11 pm

Sun Microsystems, Inc. (NASDAQ:JAVA) just posted a wide loss for the quarter.  Like that was  a hard guess.  The company posted a 10% drop in revenues to $3.22 billion, and ...
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AIG (AIG) To Pass Out Another $450 Million To Keep Workers

Posted: January 27, 2009 at 3:41 pm

AIG (AIG) will make $450 million in payments to workers at it derivatives unit to make sure that they don't leave.“I was extremely disappointed -- but not surprised -- to ...
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Target Joins Layoff Game (TGT)

Posted: January 27, 2009 at 3:11 pm

Target Corp. (NYSE: TGT) has confirmed that it plans to cut workers, but details are still not out.  We have checked around and the cuts appear to be in the ...
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Cramer’s Six Quick Picks (VZ, X, BTU, CAT, BMY, PWR)

Posted: January 27, 2009 at 2:47 pm

We haven't been covering Jim Cramer as much for many different reasons, but we still pay attention when he comes out with stock picks because it can still affect ...
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Another Group of ETF’s Bite The Dust (NTRS, AUS, BRU, SNO, FRC, DAX, HKG, IQE, TAV, ITL, TYI, AEX, LIS, SGT, JNB, LDN, MYG, JRE)

Posted: January 27, 2009 at 2:19 pm

Northern Trust Corp. (NASDAQ: NTRS) has announced today that the group plans to close the Northern Exchange Traded Shares (NETS) used to track single country investments on February 20, 2009.  ...
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Ryland & Shrinking Homebuilder Credit (RYL)

Posted: January 27, 2009 at 1:43 pm

You probably already figured that the increase in existing home sales was due to foreclosure, pre-foreclosure, and other distressed sales.  Today, Ryland Group Inc. (NYSE: RYL) had an interesting SEC ...
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Platinum & Gold Prices Converge

Posted: January 27, 2009 at 11:26 am

Over the past year, platinum prices have fallen from a high around $2,250/ounce to about $955/ounce. Gold has also dropped from its high of about $1,000/ounce to just below $900/ounce. ...
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Peabody Loving Coal (BTU, KOL)

Posted: January 27, 2009 at 10:21 am

Peabody Energy Corporation (NYSE:BTU) reported a huge fourth quarter this morning, and the stock is up around 12% as a result. For the full 2008 fiscal year, Peabody reported EPS ...
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Consumer Confidence: The Worst Gets Worser

Posted: January 27, 2009 at 10:13 am

Consumer confidence hit an all-time low this month. The Conference Board announced that The Index now stands at 37.7, down from 38.6 in December.Says Lynn Franco, Director of The Conference ...
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Valero Takes It on the Chin (VLO)

Posted: January 27, 2009 at 9:49 am

Valero Energy Corporation reported earnings this morning, and it's not pretty. The company had a net loss of $3.3 billion, or EPS of -$6.36. The loss includes an impairment charge ...
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