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Monthly Archives: February 2009

Newspaper

Media Digest 2/5/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: February 5, 2009 at 4:06 am

According to Reuters, Wall St. workers face a bleak future.Reuters reports that the Senate has agreed to a soft "buy America plan."Reuters reports that the government needs an investment plan ...
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Asia Markets And Europe Open 2/5/2009

Posted: February 5, 2009 at 3:21 am

Markets in Asia were narrowly mixed.The Nikkei fell 1.1% to 7,950.The Hang Seng was up ,9% to 13,178.The Shanghai Composite dropped .5% to 2,098.Most of Europe opened down.Data from Reuters.Douglas ...
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A Chance For Big Oil To Become A Hero

Posted: February 4, 2009 at 8:41 pm

As John David Rockefeller discovered at the end of the 19th Century, there is not much money in refining crude if the supply is not abundant.The US has been a ...
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Visa, Safe Harbor For Financial Tsunami (V, MA)

Posted: February 4, 2009 at 6:57 pm

Visa, Inc. (NYSE: V) has posted very pleasing earnings, one of the few bits of good news in the financial sector.  The credit card processing giant earned $0.78 EPS on ...
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BMC’s Bright Outlook (BMC)

Posted: February 4, 2009 at 6:49 pm

BMC Software Inc. (NYSE: BMC) is doing something that many software and technology companies might consider heresy.  It grew earnings, and is raising guidance.  Doen't the company know there is ...
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Cisco Rewards The Bulls (CSCO, VMW)

Posted: February 4, 2009 at 4:19 pm

Cisco Systems Inc. (NASDAQ: CSCO) reported earnings of $0.32 non-GAAP EPS and $9.09 billion in revenue.  First Call estimates were $0.30 EPS and $9 billion in revenue.  What is more ...
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The 52-Week Low Club (BAC)(GE)(TXT)(FITB)(HBAN)

Posted: February 4, 2009 at 3:53 pm

Bank of America (BAC) Falls to $4.72 on concerns that government might take over firm. Down from 52-week high of $43.81.GE (GE) Drops to $11.19 on concerns about recession and ...
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Traders Betting On Decent Cisco Earnings (CSCO)

Posted: February 4, 2009 at 2:13 pm

Cisco Systems Inc. (NASDAQ: CSCO) is set to report earnings after the close.  What is interesting here besides the belief that John Chambers will be more than just cautious is ...
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A Danger In Pay Caps: Business Failure (GS, JPM, MS, C, AIG, BAC)

Posted: February 4, 2009 at 1:07 pm

Pendulums often swing too far in either direction.  It has been shown that complete deregulation or total self-regulation leads to "Big Business Gone Wild."  And now the pendulum in regulation ...
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Anadarko Hits Pay Dirt Again (APC, DVN, XOM)

Posted: February 4, 2009 at 12:43 pm

Anadarko Petroleum Company (NYSE:APC) announced another significant Gulf of Mexico discovery this morning. The new discovery offers 300 feet of net oil pay, in addition to Anadarko's other Gulf of ...
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Devon Results Hit by Big Drop in Asset Values (DVN)

Posted: February 4, 2009 at 10:28 am

Devon Energy Corp. (NYSE:DVN) reported a net loss for its fourth quarter of $6.8 billion (EPS of -$15.42), and a net loss for the year of $2.1 billion (EPS of ...
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Non-Manufacturing Horrible, Just Not AS Horrible

Posted: February 4, 2009 at 10:19 am

The Institute for Supply Management has released its January non-manufacturing data.  The services economy isn't pretty.  But it also isn't as bad as many expected.The ISM showed that the non-manufacturing ...
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T. Boone Pickens Hits the Road (AN)

Posted: February 4, 2009 at 10:02 am

If you're anywhere near Ft. Lauderdale on February 17th, you might want to check out the town hall meeting featuring T. Boone Pickens and Mike Jackson, who is CEO of ...
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Russia

Russian Debt Moves Toward “Junk” Rating

Posted: February 4, 2009 at 9:26 am

Fitch has downgraded Russia's sovereign debt and says it may have to do so again.The new rating is only two levels above "junk". With income from crude dropping sharply, the ...
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KeyBanc Downgrades Wynn Resorts (WYNN) to Underweight

Posted: February 4, 2009 at 9:16 am

KeyBanc downgrades Wynn Resorts (NASDAQ: WYNN) from Hold to Underweight with a price target target of $21, after announcing substantial labor cost cutting initiatives for its Las Vegas properties.KeyBanc analyst ...
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