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Monthly Archives: January 2009

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Early Bird Analyst Downgrades (ADBE, BLKB, GLW, DE, ERIC, PCG, PPDI, PLD)

Posted: January 13, 2009 at 7:16 am

These are some of the analyst downgrades we have seen from Wall Street this Tuesday morning with more than two hours until the open:Adobe Systems (NASDAQ: ADBE) Cut to Underperform ...
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Chaos Theory Takes Hold Of Corporate Earnings

Posted: January 13, 2009 at 6:36 am

If a world where corporate earnings are completely predictable is a "10" and a world where they cannot be predicted at all is a "1", most of the last several ...
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The UAW Finds Out Detroit Is “Too Big To Fail”

Posted: January 13, 2009 at 6:27 am

The UAW is dragging its feet in negotiations with GM (GM). That could be risky business. The federal government reserved the right to put the car company into bankruptcy if ...
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The Wisdom Of Panic: Firing CEOs When The Chips Are On The Line

Posted: January 13, 2009 at 6:08 am

The Wall Street Journal has made a great deal of the fact that six big company CEOs have been sacked in the last eight days. Chief executives are fired all ...
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The “Green” Revolution In Cars Dies Off

Posted: January 13, 2009 at 5:40 am

Up until now, the biggest obstacle to the sale of hybrid cars is that some Americans think the people who drive them are sissies. That may be true, but Toyota ...
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The Last Pillar Of The Chinese Economy Falls

Posted: January 13, 2009 at 4:49 am

The way that China was going to roll forward to become the No.1 economy in the world was relatively simple. An expanding global need for cheap goods would drive a ...
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Media Digest 1/13/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: January 13, 2009 at 4:03 am

According to Reuters, Detroit's efforts to build "green" cars may come too late.Reuters reports that Obama is seeking the $350 billion still left in the TARP.Reuters writes that prosecutors will ...
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Asia Markets And Europe Open 1/13/2009

Posted: January 13, 2009 at 3:28 am

Most markets in Asia were sharply lower. The Nikkei fell 4.8% to 8,414,The Hang Seng was off 2% to 13,681.The Shanghai Composite fell 2% to 1,863.In Europe, at the open, ...
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Short Sellers Attack America’s Largest Companies (GE)(PFE)(T)(HAL)(XOM)(INTC)(MSFT)(CSCO)(IBM)

Posted: January 12, 2009 at 7:49 pm

For the latest reported period, ending December 31, short sellers did not make any notable moves in or out of tech, financials, or industrial shares. What they did do was ...
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Palm (PALM): Stock Up, Questions Remain (AAPL)(RIMM)(VZ)(T)(S)

Posted: January 12, 2009 at 6:37 pm

The excitement about Palm's (PALM) new Pre handset has sent the company"s stock up from $3.50 to over $6. But, the shares have not moved in two days, even with ...
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Bill Gates Keeps Adding To Republic Services Stake (RSG)

Posted: January 12, 2009 at 5:08 pm

Bill Gates is at it again. He's bought more shares of Republic Services Inc. (NYSE: RSG).  In an SEC filing after the close today,Mr. Gates disclosed he spent more than ...
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Alcoa Enters the Rust Business (AA)

Posted: January 12, 2009 at 4:26 pm

Alcoa Inc. (NYSE: AA) posted earnings excludling one-time items of -$0.28 EPS on revenue of $5.69 billion.  This compares with First Call estimates of -$0.11 EPS on $5.18 billion in ...
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NASDAQ Sees Drop In Short Selling (NDAQ)

Posted: January 12, 2009 at 4:13 pm

The NASDAQ OMX Group (NASDAQ: NDAQ) is seeing a drop in short selling activity if the trends in December continue.  The exchange said that as of December 31, the total ...
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The 52-WeeK Low Club (ZEP)(LZB)(TNC)(SINA)

Posted: January 12, 2009 at 4:09 pm

Zep (ZEP) Shares downgraded. Drops to $13.17 from 52-week high of $21.80.La-Z-Boy (LZB) Shares in industry downgraded. $1.82 from 52-week high of $11.76.Tennant (TNC) Still falling due to accounting concerns. ...
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Medtronic Adjusts Long-Term Goals (MDT)

Posted: January 12, 2009 at 3:12 pm

Medical devices was supposed to be recession-proof, or at least was supposed to be recession-resistant.  But we have seen over and over how this notion has not been the case.  ...
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