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Monthly Archives: February 2009

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 It seems that the trend for withdrawn IPO's is trumping new filings as the norm rather than actual deals making it to ...
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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 ...
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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. ...
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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 ...
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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 ...
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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. ...
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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 ...
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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 ...
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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 ...
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batmobile-5127

As Saab Moves To Bankruptcy, Concerns About Detroit Rise

Posted: February 20, 2009 at 6:13 am

Will GM (GM) and Chrysler file for protection from creditors, their unions, and supplier costs? Now there is a recent precedent to do so, maybe they are more likely to. ...
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angrybear7

March Will Be The Tipping Point Of The Recession

Posted: February 20, 2009 at 5:37 am

Does the economy get worse from here or do the government programs recently signed into law increase confidence and start to put capital to work to create jobs and build ...
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Ten Large American Companies That Won’t Cut Jobs

Posted: February 20, 2009 at 5:08 am

Layoffs at big companies are so common now that it is novel when a day goes by without Microsoft (MSFT), Caterpillar (CAT), or Macy’s (MC) letting thousands of people go.  ...
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Media Digest 2/20/2009 Reuters, WSJ, NYTimes, Bloomberg

Posted: February 20, 2009 at 3:59 am

According to Reuters, Allan Stanford was found in Virginia. Reuters reports that the stimulus is unlikely to fix state problems. Reuters writes that US consumer prices probably moved up in ...
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Asia Markets And Europe Open 2/21/2009

Posted: February 20, 2009 at 3:18 am

Markets in Asia were lower The Nikkei fell 1.9% to 7,416. The Hang Seng was down 2.5% to 12,703. The Shanghai Composite rose 1.5% to 2,261. In Europe, at the ...
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Meredith Whitney Discusses Large Woes Still In Banks As Launching Own Advisory Firm (C, JPM)

Posted: February 19, 2009 at 3:58 pm

Meredith Whitney, one the most influential pundits in the financial sector today, has left Oppenheimer and has started Meredith Whitney Advisory Group.  Today she told CNBC's Maria Bartiromo that her ...
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