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Daily Archives: January 30, 2009

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The 52-Week Low Club (RF)(SNV)(IP)(FITB)(CENX)

Posted: January 30, 2009 at 4:05 pm

NOVA Chemicals  (NCX) Bad Q4 and a downgrade by RBC. Falls to $3 from 52-week high of $32.46.Regions Financial (RF) Downgrade by Bernstein. Runs off to $3.40 from a 52-week ...
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Julian Robertson Stays Very Bearish, With Picks (GS, V, MA, PTY, PCN)

Posted: January 30, 2009 at 3:04 pm

If you hadn't gotten your full round of pre-weekend economic gloom, famed investor Julian Robertson of Tiger Management just gave an interview with CNBC's Erin Burnett. He is cautious about ...
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IPO FILING: OpenTable

Posted: January 30, 2009 at 1:52 pm

It has been some time since the IPO market has been open, but we still see some filings from companies which have the desire to come public such as OpenTable, ...
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Coal is Hot (ACI, CNX, BTU)

Posted: January 30, 2009 at 12:52 pm

This morning's quarterly and annual results from Arch Coal, Inc. (NYSE:ACI) have kept the coal fires burning. Arch reported EPS of $2.45 on net income of $354.3 million for the ...
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Angrybear

Smith International Sinks on (SII, SLB, HAL, BHI, WFT)

Posted: January 30, 2009 at 12:43 pm

Smith International, Inc. (NYSE:SII) led the parade of oil field services stocks downhill yesterday. Smith opened Thursday more than $1.50/share lower than Wednesday's close and finished the day even lower. ...
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Solar Shines (SPWRA, FSLR)

Posted: January 30, 2009 at 12:36 pm

SunPower Corporation (NASDAQ:SPWRA, SPWRB) reported strong earnings after markets closed yesterday, and the shares opened almost $4/share higher this morning. Shares are up more than 12% currently.Analysts had expected SunPower ...
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Piper Jaffray Downgrades Under Armour (UA) to Sell on Valuation; Timing Difficult For Expansion

Posted: January 30, 2009 at 9:06 am

Piper Jaffray & Co. downgraded Under Armour (NYSE: UA) from neutral to sell. Its lowered its price target by $1 to $16, citing near term headwinds for domestic discretionary spending ...
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Big Oil Gets Sober On Earnings & Revenues (XOM, CVX)

Posted: January 30, 2009 at 8:54 am

This morning, we got see two of the "biggest of the big" in the Big Oil complex report earnings.   You are seeing much more conservative earnings from Exxon Mobil Corp. ...
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What Happens To GDP Now? It Moves Down More Sharply

Posted: January 30, 2009 at 8:50 am

The government reported that fourth quarter GDP contracted at an annual rate of 3.8%.That does not approach the 7.8% in the second quarter of 1980 or the 10.4% post-war record ...
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Top Pre-Market Analyst Downgrades (ALL, AZN, ETFC, FITB, JNPR, QCOM, RF, RYAAY, SEPR, HOT, TKR, TWC, TROW, UA, VE, ZNT)

Posted: January 30, 2009 at 8:01 am

These are some of the many pre-market downgrades and negative calls we have seen from Wall Street analysts this Friday morning:Allstate (ALL) Cut to Underweight at JPMorgan.AstraZeneca (AZN) Cut to ...
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Top Pre-Market Analyst Upgrades (ARAY, AZN, SAM, BSX, CNX, MLM, TER, TWX)

Posted: January 30, 2009 at 7:55 am

These are some of the top pre-market analyst upgrades and positive calls we have seen on Wall Street this Friday morning:Accuray (ARAY) Raised to Buy at Piper Jaffray.AstraZeneca (AZN) Raised ...
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When No One Is Shipping Goods, No One Is Buying Them

Posted: January 30, 2009 at 6:28 am

One of the largely hidden signs of the progress of the recession is whether goods are being shipped from one city to another and from one country to another. What ...
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Trading Cash For Old Cars, Then Dumping Them In Holes

Posted: January 30, 2009 at 6:15 am

The auto industry and government have floated a few ideas to jumpstart car sales. Among these are subsidizing low cost car loans. Another is to pay car companies a piece ...
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The Bank Repair Plan: Neither Fish Nor Fowl

Posted: January 30, 2009 at 6:02 am

The Administration is looking at a hybrid plan to save the nation's banks. It world involve buying some toxic assets from the firms and putting them into a "bad bank." ...
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NEC Cuts 20,000 Jobs

Posted: January 30, 2009 at 5:41 am

As the global recession hits the electronics industry, NEC has decided to fire 20,000 people worldwide.According to The Wall Street Journal, "Japanese electronics giant NEC Corp. says it plans to ...
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