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Daily Archives: January 28, 2009

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Baker Hughes Good Quarter, Bad Forecast (BHI, HAL, WFT, SLB)

Posted: January 28, 2009 at 9:12 am

That Baker Hughes Inc. (NYSE:BHI) this morning reported better-than-expected results for its fourth quarter shouldn't really be a surprise. When Halliburton Company (NYSE:HAL) and Weatherford International Limited (NYSE:WFT) reported results, ...
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Supreme Court Closes Uranium Loophole (USU)

Posted: January 28, 2009 at 8:48 am

A little-noticed US Supreme Court decision makes it more difficult to import low enriched uranium (LEU) into the US. In a unanimous decision, the court ruled that a French firm ...
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Angrybear

Huge Loss At Wells Fargo (WFC): Blame Wachovia, But Government Rescue Plan Drives Shares Up

Posted: January 28, 2009 at 8:42 am

The shares in Wells Fargo (WFC) are up 22% to $19.76. The bank's modest results are not the cause. There is optimism that the federal government will create a "bad ...
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Top Pre-Market Analyst Downgrades (AMLN, BIIB, CIEN, XOM, GFA, MXIM, BTU, SLT, SPWRA)

Posted: January 28, 2009 at 8:40 am

These are some of the top pre-market downgrades and cautious calls we have seen from Wall Street analysts this Wednesday morning:Amylin Pharmaceuticals (AMLN) Cut to Sell at Canaccord Adams.Biogen Idec ...
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Top Pre-Market Analyst Upgrades (BIDU, BBY, CLX, DO, DD, MCHP, SOHU, WFT, STJ, SUNH)

Posted: January 28, 2009 at 8:34 am

These are some of the top pre-market analyst upgrades and positive research calls we are seeing from Wall Street this Wednesday morning:Baidu.com (BIDU) Started as Outperform at Bernstein.Best Buy (BBY) ...
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AT&T (T) Earnings: Apple (AAPL) iPhone Good, Voice Business Bad

Posted: January 28, 2009 at 8:02 am

AT&T (T) earnings were not very impressive. Sales of Apple (AAPL) iPhones helped wireless growth. Landline numbers were poor.For the most recent quarter, AT&T's consolidated revenue were $31.1 billion, up ...
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Toyota (TM) Recall: Quality Problems On Top Of Poor Sales

Posted: January 28, 2009 at 6:40 am

Toyota (TM) moved from making most of its cars in Japan to opening plants all over the world as it marched to become the No.1 car company. The process took ...
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A New Attempt To Build A “Bad Bank”

Posted: January 28, 2009 at 6:26 am

Creating a "bad bank" is on the wish list of an extraordinarily large number of regulators and members of Congress. It is a sort of miracle cure to the problems ...
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SAP (SAP): Some Hope For Global Software Industry

Posted: January 28, 2009 at 6:01 am

Shares in large software companies including Microsoft (MSFT) and Oracle (ORCL) have been selling off quickly over the last two quarters. The general forecasts for the firms is that a ...
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Sunset

California Dreaming

Posted: January 28, 2009 at 5:44 am

Arnold Schwarzenegger may believe that he would be sitting in Barak Obama's chair in the Oval Office if only he had been born a US citizen. Instead he runs California, ...
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Distorted Values: GE (GE) Is More Important Than Yahoo! (YHOO)

Posted: January 28, 2009 at 5:39 am

Yahoo! (YHOO) announced earnings yesterday. The company's forecast for the current quarter was weak. Many investors wanted to hear what new CEO Carol Bartz would say. She did not say ...
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Treasury Secretary, Not Citigroup (C) Board Killed Corporate Jet Buy

Posted: January 28, 2009 at 4:07 am

Citigroup (C) walked away from buying a corporate jet for $50 million. It seemed, at first, that management and the board at the bank had done the right thing.But, the ...
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Memo To Congress: “Buy Land, They Ain’t Making Any More Of It”

Posted: January 28, 2009 at 4:01 am

Mark Twain and Will Rogers shared a sentiment. As Twain said, “Buy land, they're not making it anymore”.It would have been interesting to ask each man what he thought about ...
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Media Digest 1/28/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: January 28, 2009 at 3:58 am

According to Reuters, the confidence of CEOs at Davos is low as the recession and credit crisis deepen.Reuters reports that Yahoo! (YHOO) slightly beat earnings but posted a weak forecast.Reuters ...
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Asia Markets And Europe Open 1/28/2009

Posted: January 28, 2009 at 3:23 am

The Nikkei was up .6% to 8,016.Markets in China were closed for a holiday.At the open in Europe, the FTSE was up .9% to 4,231. The Dax rose 1% to ...
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