Quantcast

Daily Archives: February 20, 2009

sad_clown9

The 52-Week Low Club (WFC)(C)(BAC)(GE)(GM)

Posted: February 20, 2009 at 4:29 pm

Citigroup (C) Worries about bank nationalization take shares to $1.61 from 52-week high of $27.35. Bank of American (BAC) Ditto. Down to $2.53 from 52-week high of $43.50. Wells Fargo ...
Read Full Story »
ge-logo

Under $10.00… Is GE Really A Bank? (GE, BAC, C)

Posted: February 20, 2009 at 12:04 pm

Today marks a monumental moment for the markets.  The DJIA has broken through some of the major key support levels of November 2008, and now the questions are mounting over ...
Read Full Story »

Beacon Dims on New Financing (BCON)

Posted: February 20, 2009 at 11:03 am

Beacon Power Corporation (NASDAQ:BCON) is developing a patented flywheel energy storage product, and the going is getting tough. The company today announced an $18 million investment from a private equity ...
Read Full Story »

Tesoro Facing Sharp Price-Revenue Issues (TSO)

Posted: February 20, 2009 at 11:01 am

Oil refiner Tesoro Corporation (NYSE:TSO) reported fourth quarter earnings of $317 million (EPS of $0.99), excluding special items. On a GAAP basis, the company earned $97 million (EPS of $0.70). ...
Read Full Story »

Anglo American is Digging a Big Hole (AAUK, RTP, ACH, AU, ABX, NEM)

Posted: February 20, 2009 at 10:49 am

The bigger they are, the more noise they make when they fall. British miner Anglo American plc (NASDAQ:AAUK) has canceled its dividend for the fourth quarter, suspended its $4 billion ...
Read Full Story »

Petrobras to Get Chinese Dollars (PBR, SNP, XOM, CVX)

Posted: February 20, 2009 at 9:32 am

The China Development Bank appears to be following the maxim of uber-capitalist Warren Buffet: Be fearful when others are greedy, and be greedy when others are fearful. This week the ...
Read Full Story »

Despite Two Winners, IPO Market Getting Much Colder (MJN, LOPE)

Posted: February 20, 2009 at 9:22 am

The IPO market could optimistically be called "Dwindling." It seems that the trend for withdrawn IPO's is trumping new filings as the norm rather than actual deals making it to ...
Read Full Story »

TheStreet.com (TSCM) Highlights From Q4 Conference Call; Things Are Tough “But We Have Cash”

Posted: February 20, 2009 at 9:16 am

TheStreet.com (Nasdaq: TSCM) released its Q4 results tonight and reported EPS of breakeven, in-line with the analysts' estimates. Revenue for the quarter was $16.5 million, versus the consensus of $17.34 ...
Read Full Story »

Deflation Fears Dry Up

Posted: February 20, 2009 at 8:34 am

If you can imagine any good news at all on the economic front, inflation is running at very low levels.  January's CPI was +0.3% and +0.2% on the core level. ...
Read Full Story »

Top Analyst Upgrades & Downgrades (ADPT, CBST, FLIR, MA, TEX, LXK, MCXH, V, XRX, ZRAN)

Posted: February 20, 2009 at 8:18 am

These are the top pre-market analyst upgrades and downgrades we have seen from Wall Street this Friday morning: Adaptec (ADPT) Raised to Outperform at Morgan Keegan. Cubist Pharamceuticals (CBST) Started ...
Read Full Story »
angrybear8

JCPenney (JCP) Sees Store Sales Off As Much As 15% This Quarter

Posted: February 20, 2009 at 8:09 am

The good news from JCPenney (JCP) was that it finished the year with $3.4 billion in cash. The bad news is that the company is slowly disappearing. It expects same-store ...
Read Full Story »

Oil spikes above $40 due to short-covering; bearish case remains intact

Posted: February 20, 2009 at 7:36 am

Joseph Lazzaro, DailyFinance Oil surged more than 7% Thursday and briefly traded above $40, after U.S. weekly oil inventories unexpectedly declined. But traders don't view it as a market reversal. ...
Read Full Story »
apple-logo11

AAPL Analyst Gene Munster: Good Perspective, Poor Price Targeting

Posted: February 20, 2009 at 7:18 am

While some folks believe Piper Jaffray’s Gene Munster is an Apple perma-bull (his firm makes a market in AAPL stock), a look back will tell you Gene gets it right ...
Read Full Story »
empire1

The Wrong Way To Fix The New York Times (NYT)

Posted: February 20, 2009 at 6:35 am

The New York Times (NYT) suspended its dividend. That says a lot about what it sees as it looks out of the next quarter.  Print and online advertising must be ...
Read Full Story »
95129c6

Keeping The Dow Above 6,000

Posted: February 20, 2009 at 6:23 am

Now that the DJIA has dropped below 7,500 it is clear that its next stop may be much lower. The market is still terribly concerned about the banking system. Rumors ...
Read Full Story »