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Daily Archives: February 24, 2009

Top Pre-Market Anlyst Upgrades & Downgrades (IHG, MRVL, VAL, VSAT, MDRX, AAPL, COF, CHRW, NHY, TSON)

Posted: February 24, 2009 at 7:23 am

These are some of the top pre-market analyst upgrades and downgrades we have seen on Wall Street early this Tuesday morning: Intercontinental Hotels Group plc (IHG) Raised to Buy at ...
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A Call for $3,000 Gold (GLD)

Posted: February 24, 2009 at 7:01 am

A guest on CNBC this morning predicted that Gold was ready to go through the roof.  The 20 to 25 year unwinding of the credit boom has led  Hans Goetti, ...
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Housing Catches Up With Home Depot (HD)

Posted: February 24, 2009 at 6:28 am

It was probably predictable that the housing market would catch Home Depot (HD) from behind and drag it to the ground. That certainly happened last quarter. Home Depot reported a ...
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Dumping Dead Beats–American Express (AXP) Buys Out Members

Posted: February 24, 2009 at 6:18 am

At American Express (AXP) customers are not called customers. They are called "members." Warren Buffett has probably been a member since 1955.  George Soros may go all the way back ...
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China’s Next Problem–Deflation

Posted: February 24, 2009 at 6:01 am

China's central government is worried about deflation. The problem may be bad for the world's most populous country, but good for the rest of the world. China's unemployment rate maybe ...
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Genentech (DNA) Will Regret Turning Roche Down

Posted: February 24, 2009 at 5:45 am

The board of Genentech (DNA) turned down an $86.50 offer by Roche to buy the part of the company that it does not already own. Until about a month ago, ...
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In Defense Of General Electric (GE)

Posted: February 24, 2009 at 5:11 am

Investors have deserted GE’s stock over the last week like draft dodgers fleeing to Canada. The firm’s shares fell more than 20% over the five trading days, and now sit ...
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Media Digest 2/24/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: February 24, 2009 at 4:05 am

According to Reuters, JPMorgan (JPM) cuts its dividend. Reuters reports that AIG (AIG) got bids from Met Life and Axa for its life unit. Reuters says that healthcare spending is ...
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Asia Markets And Europe Open 2/24/2009

Posted: February 24, 2009 at 3:19 am

Markets in Asia were sharply lower. The Nikkei dropped 1.5% to 7,269. The Hang Seng fell 2.9% to 12,787. The Shanghai Composite was down 4.6$% to 2,201. At the open, ...
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