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Daily Archives: February 5, 2009

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Can Biogen Idec Earnings Generate A Buyout? (BIIB, AMGN, GILD, GENZ, CELG, MRK, SNY, GSK)

Posted: February 5, 2009 at 5:57 pm

Biogen Idec Inc. (NASDAQ: BIIB) is set to report earnings on Friday morning.  What many investors probably want to know is if these results -- or more importantly its guidance ...
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S&P Pans Retailer Ratings (DDS, M, JWN, JCP, SHLD, BONT, KSS, SKS)

Posted: February 5, 2009 at 5:04 pm

Standard & Poor's Ratings Services has put six department store companies on CreditWatch with negative implications and has changed the outlook on three department store companies to negative from stable.  ...
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Oil Services & Drillers Brace For S&P Ratings Cut (ALY, HERO, PKD)

Posted: February 5, 2009 at 4:39 pm

Standard & Poor's Ratings Services downgraded several oilfield services and drilling companies.  Among the companies the ratings agencies took action were Allis-Chalmers Energy Inc. (NYSE: ALY), Hercules Offshore Inc. (NASDAQ: ...
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Murdoch & News Corp. Tread Through Earnings (NWS)

Posted: February 5, 2009 at 4:17 pm

News Corporation Limited (NYSE: NWS) has just reported earnings.  You know there is no chance that the company was going to be immune to the major slowdown in advertising and ...
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B of A CEO & Insiders Buying Stock (BAC)

Posted: February 5, 2009 at 3:08 pm

Bank of America Corporation (NYSE: BAC) was already trading as though the options traders were placing a bet today "against nationalization" and now we are getting more news from the ...
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Options Bet: No Bank of America Nationalization (BAC)

Posted: February 5, 2009 at 2:07 pm

Bank of America Corporation (NYSE: BAC) has been the worst performer this year in the financial sector, or at least of all the large money center banks.  The reasons are ...
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Has Gold Peaked? (ABX, GG, NEM, AU, GLD, GTU, DGL, IAU)

Posted: February 5, 2009 at 1:06 pm

When the going gets tough, the tough go for gold. That's historically the way it's worked out. And the going is definitely tough now. So what about gold? Is it ...
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Uranium Enrichment Plant Development Slows (USU)

Posted: February 5, 2009 at 12:53 pm

USEC Inc. (NYSE:USU) today announced that it plans to initiate "reduce the planned escalation of project construction and machine manufacturing activities" at its uranium enrichment plant in Piketon, Ohio. The ...
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IMF Confirms What Bank Stocks Already Show

Posted: February 5, 2009 at 12:02 pm

Bank of America (BAC) hit another 52-week low today at $3.77. Wells Fargo (WFC) got close. The IMF said that that the banking crisis is far from over. (more...) ...
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GE’s (GE) Immelt Says Economy As Bad As Early 70s, Maybe Worse

Posted: February 5, 2009 at 11:16 am

It is worth noting when the head of the world's largest conglomerate comments on how bad the economy. Jeff Immelt made some grim comments this morning. They speak for themselves.According ...
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ETF LAUNCH: High-Yield Municipal Bonds (HYD)

Posted: February 5, 2009 at 10:31 am

Van Eck Global has announced the launch of a new ETF to track the high-yield municipal bond market.  This is under its Market Vectors program and is called the  High-Yield ...
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Electric Utilities Need More Bad Weather (LNT, DUK)

Posted: February 5, 2009 at 10:25 am

Too cool in summer, too warm in winter add up to lower profits for electric utilities. That's the story today from both Alliant Energy Corp. (NYSE:LNT) and Duke Energy Corp. ...
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Diamond Offshore Misses (DO, RIG)

Posted: February 5, 2009 at 10:23 am

Diamond Offshore Drilling, Inc. (NYSE:DO) reported fourth quarter EPS of $2.11 on revenue of $903.2 million. Analysts had been expecting EPS of $2.34 on revenue of $912.42 million. For the ...
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The Rise & Fall, or Just the Fall of Factory Orders

Posted: February 5, 2009 at 10:09 am

Factory orders for the month of December fell as you would expect for the current economy.  But the results were even worse than weak estimates out there.  They fell 3.9% ...
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Rising CEO Confidence, Sort Of

Posted: February 5, 2009 at 10:00 am

The CEO Confidence Index from Chief Executive magazine showed a slight up-tick in January.  Corpoate chiefs are still very cautious on labor conditions, and this index was just at another ...
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