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Monthly Archives: February 2009

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Defensive Stock… Bracing For Coca-Cola Earnings (KO, PEP)

Posted: February 11, 2009 at 4:53 pm

Thursday morning we will get earnings from The Coca-Cola Company (NYSE: KO), and this will likely be the big set-up play for Friday's Pepsico, Inc. (NYSE: PEP) earnings.  We have ...
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The 52-Week Low Club (SIRI)(MOD)(GXP)(HST)(DVN)

Posted: February 11, 2009 at 4:13 pm

Modine Manufacturing (MOD) Losing money and problems with debt covenants. Drops to $.93 from 52-week high of $19.60. Great Plains Energy (GXP) Bad quarterly results. Very bad. Shares plunge to ...
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Why Does The New York Times (NYT) Have Three CEOs?

Posted: February 11, 2009 at 2:16 pm

The New York Times (NYT) is not a huge company  by most measures It has less than 10,000 employees and a market cap of just over $600 million. NYT has three people ...
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Chicago Fed, GDP Contraction & Unemployment To Continue

Posted: February 11, 2009 at 1:26 pm

Chicago is not representative of the entire Federal Reserve.  But it is a key district for manufacturing and is frequently used for forecasting many sectors of the economy.   Chicago Federal ...
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Level 3 Quells Many Fears (LVLT)

Posted: February 11, 2009 at 11:53 am

Level 3 Communications Inc. (NASDAQ: LVLT) managed to give an upside surprise to earnings this morning.   Its guidance was much better than most expected.  That includes yours truly. (more...) ...
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Mortgage Bankers: Stimulus Not Helping Home Loans

Posted: February 11, 2009 at 10:22 am

Part of the federal government's plan to stimulate home sales has been to bring mortgage rates down. It is not working. The Mortgage Bankers Association reports that 30-year fixed mortgage ...
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ETF Launch: Credit SPDR From State Street (ITR, STT)

Posted: February 11, 2009 at 10:14 am

State Street Corporation (NYSE: STT) is launching a new ETF to track the credit markets.  Its State Street Global Advisors (SSgA) investment management arm launched the SPDR Barclays Capital Intermediate ...
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Anadarko Sets Capital Budget, Guidance for 2009 (APC)

Posted: February 11, 2009 at 9:54 am

Anadarko Petroleum Corp. (NYSE:APC) announced a capital spending budget of $4 billion to $4.5 billion for 2009.  The company spent about $4.9 billion in 2008 and $4 billion in 2007. ...
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ArcelorMittal Posts First Loss (MT)

Posted: February 11, 2009 at 9:50 am

Results from the world's largest steelmaker, ArcelorMittal (NYSE:MT), could have been worse, but it's hard to see how. For the fourth quarter, the company posted a loss of $2.63 billion ...
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A Different Take on R-I-M ‘Warning’ (RIMM)

Posted: February 11, 2009 at 9:26 am

Somehow, some way, Wall Street was surprised that Research in Motion Ltd. (NASDAQ: RIMM) reported worse-than-expected earnings.  Based on all the corporate layoffs, this should have been expected.  Where this ...
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NY AG Cuomo Said Merrill “Secretly and Prematurely” Awarded $3.5B In Bonuses Before Merger

Posted: February 11, 2009 at 9:02 am

New York Attorney General Andrew Cuomo said Merrill Lynch (NYSE: MER) paid out $121 million in bonuses for the top four recipients before being acquired by Bank of America (NYSE: ...
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What To Expect In House Financial Grilling of Bank CEO’s (BAC, C, JPM, WFC, GS, MS, STT, BK)

Posted: February 11, 2009 at 8:55 am

There is not going to be much positive press today about the U.S. banking sectors.  The top CEOs of America's  banks are going to testify before the House Financial Services ...
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Treasury Plan Flaw: Where Is George Soros?

Posted: February 11, 2009 at 8:54 am

A number of aspects of the bank bailout program presented by the Treasury yesterday troubled investors. The biggest problem was that it lacked details about how it would work. One ...
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Top Pre-Market Analyst Upgrades (BBY, CPT, CHTT, ETN, HEES, ITW, TAP, URI, VRGY)

Posted: February 11, 2009 at 8:18 am

These are some of the top analyst upgrades or positive calls that we have seen this Wednesday morning: Best Buy (BBY) added to Goldman Sachs Conviction Buy List. Camden Properties ...
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Top Pre-Market Analyst Downgrades (ABH, BBX, XEC, LGF, HK, VTNC)

Posted: February 11, 2009 at 8:07 am

These are some of the top pre-market analyst downgrades we have seen this Wednesday morning: AbitibiBowater (ABH) Cut to Underperform at RBC. BankAtlantic (BBX) Cut to Underperform at FBR. Cimarex ...
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