Quantcast

Daily Archives: January 27, 2009

For_sale_sign

As Home Prices Drop, People’s “Savings” Go Negative

Posted: January 27, 2009 at 9:45 am

Home prices fell again in November. Like everything else reported about the economy recently, the drop was at a "record pace"In the case of housing, The Standard & Poor's/Case-Shiller 20-city ...
Read Full Story »

Freeport-McMoRan Wins By Losing (FCX)

Posted: January 27, 2009 at 9:22 am

Copper and gold miner Freeport-McMoRan Copper and Gold Inc. (NYSE:FCX) reported a net loss of $13.9 billion for the fourth quarter of 2008, a whopping -$36.78 EPS. But wait, there's ...
Read Full Story »

Citi Reverses On Jet; Score Another One For The Media

Posted: January 27, 2009 at 9:01 am

After taking heat yesterday, today Citigroup (NYSE: C) said it had no plans to take delivery of any new aircraft. Yesterday, news from the NY Post noted that Citi, fresh ...
Read Full Story »
Money_stack_pic_2

CV Therapeutics Next In Bio-Health Merger Line (CVTX)

Posted: January 27, 2009 at 8:41 am

CV Therapeutics, Inc. (NASDAQ: CVTX) is seeing a surge in its shares this morning.  It looks like CV is the next biotech merger target now that Astellas Pharma Inc. submitted ...
Read Full Story »

Geithner’s China Bashing Bodes Ill for Stocks

Posted: January 27, 2009 at 8:26 am

By John Tamny Real Clear Politics "Much of the secret of United States wealth lies in the fact that the inhabitants and firms of each state in the Union have ...
Read Full Story »
Vz

The Death Of The Old Home Phone Keeps Hurting Verizon

Posted: January 27, 2009 at 7:59 am

Verizon (VZ) is just like any other big telecom company around the world. The death of the old home phone keeps holding it back as the firm's fourth quarter revenue ...
Read Full Story »
Money_stack_pic

Top Pre-Market Analyst Upgrades (ARMH, BIIB, CAT, CVH, HCBK, LEN, MOH, TTEK)

Posted: January 27, 2009 at 7:21 am

These are some of the top analyst upgrades and positive research calls we have seen from Wall Street analysts with more than two hours until the market opens this Tuesday ...
Read Full Story »
Burning_money_pic_2

Top Pre-Market Analyst Downgrades (ADTN, AFL, CBS, DDUP, ENR, INWK, PCS, PTRY, RGLD, SYK)

Posted: January 27, 2009 at 7:17 am

These are some of this Tuesday's top pre-market analyst downgrades and cautious research calls from Wall Street that we have seen with more than two hours until the opens:ADTRAN (ADTN) ...
Read Full Story »
Burning_money_pic

DuPont Losses Reach Staggering Proportion (DD)

Posted: January 27, 2009 at 7:09 am

If you thought that the chemicals and materials sector was immune from the recession, guess again.  This morning DJIA component DuPont (NYSE: DD) posted a loss for the Q4-2008 period.  ...
Read Full Story »
95129c

Creating Jobs Trumps Building Bridges (CAT)(PFE)(TXN)(S)(HD)

Posted: January 27, 2009 at 6:51 am

It seems impossible that a handful of companies could put nearly 80,000 people out of work in a day. Caterpillar (CAT), Pfizer (PFE), Texas Instruments (TXN), Sprint (S), and Home ...
Read Full Story »
House

Who Buys Sprint (S)? (T)(VZ)(VOD)(DB)

Posted: January 27, 2009 at 6:38 am

Sprint (S) is probably not a viable standalone company any more. It laid off 8,000 people yesterday and said it may outsource some of its work to cover for the ...
Read Full Story »

The Death of Formal Earnings Guidance

Posted: January 27, 2009 at 6:30 am

There is a new trend that has emerged in this earnings season that will have an impact in 2009 and maybe beyond: a lack of earnings and/or revenue guidance.  This ...
Read Full Story »
Uncle_sam

Another Opinion That Stimulus Package Is Light On Cash

Posted: January 27, 2009 at 6:26 am

There is a growing body of opinion that $825 billion plus the $350 billion left in TARP funds will not be enough to pull the economy out of what has ...
Read Full Story »
Angrybear

Dow Chemical (DOW) Runs Out Of Options

Posted: January 27, 2009 at 6:08 am

Dow Chemical (DOW) was supposed to buy Rohm & Haas (ROH). Now, it may be the other way around. Dow can't close the deal and Rohm is suing to get ...
Read Full Story »
R218533_855025

The Death Of Dividends, More Money Out Of Consumer Pockets

Posted: January 27, 2009 at 5:48 am

Companies keep cutting dividends. Some are pressed for cash because of operating losses. Others are being constrained by higher debt service. Banks need to preserve capital.The problem is becoming big ...
Read Full Story »