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Monthly Archives: February 2009

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First Solar Shines (FSLR)

Posted: February 24, 2009 at 4:18 pm

First Solar, Inc. (NASDAQ: FSLR)  posted earnings of $1.61 EPS on revenue of $433.7 million.  Thomson Reuters (First Call)  estimates were $1.30 EPS on $410.4 million in revenues. (more...) ...
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Myriad Did What??? A Stock Split? (MYGN)

Posted: February 24, 2009 at 4:10 pm

How long has it been since a company announced a stock split?  More importantly, when was the last from a fairly large company?  I can't recall that off the top ...
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Did Bernanke Really Promise No Nationalization?

Posted: February 24, 2009 at 2:01 pm

As Chairman of the Federal Reserve, Ben Bernanke is still a powerful and influential figure whether he is considered a "legacy" of the Bush administration or not.  Unlike Geithner, Bernanke ...
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Will the sun keep shining?

Looking Way Past First Solar Earnings (FSLR)

Posted: February 24, 2009 at 1:18 pm

First Solar, Inc. (NASDAQ: FSLR) is trading up ahead of its earnings report due after the close today.  Thomson Reuters (First Call) has estimates for the quarter ended December ...
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The 24/7 Wall St.–Channel Checkers Survey: Sirius (SIRI) Retail Sales Trend Down

Posted: February 24, 2009 at 11:24 am

Siruis (SIRI) may be in the process of successfully reorganizing it balance sheet, but it is still up against what appears to be deteriorating retail store sales. According to a new 24/7 ...
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Diesel Fuel Getting Cheaper Than Gasoline (MRO, VLO)

Posted: February 24, 2009 at 11:00 am

For the past couple of years, diesel fuel prices have been higher than gasoline prices. In the US, that is a real anomaly. Now, industry observers are predicting a return ...
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How confident are you?

Consumer Confidence Hari Kari

Posted: February 24, 2009 at 10:33 am

If you thought the Conference Board's reading of consumer confidence was bad at 37.4 in January, you should see the carnage in February.  Economists were expecting a mild decline ...
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Green News: The Ethanol Horse Has Left the Barn

Posted: February 24, 2009 at 9:50 am

Corn growers in Illinois have released a study they commissioned on the land use effects of ethanol plants. The growers wanted to counter the argument that demand for ethanol as ...
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FirstEnergy Reports Falling Demand (FE, AEP)

Posted: February 24, 2009 at 9:45 am

FirstEnergy Corporation (NYSE:FE) reported 2008  EPS of $4.38, higher than anticipated EPS of $4.33. Revenue for the year also beat expectations, coming in at $14.6 billion compared with average estimates ...
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Goldman Sachs Disses Sporting Apparel (UA, COLM, NKE)

Posted: February 24, 2009 at 9:33 am

If you thought things were tough in the economy for retailers and apparel manufacturers, Goldman Sachs thinks they are going to get worse.   Under Armour, Inc. (NYSE: UA), Columbia Sportswear ...
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Microsoft (MSFT) Ballmer Wants to Have Conversation with Yahoo! (YHOO)

Posted: February 24, 2009 at 9:27 am

Microsoft (Nasdaq: MSFT) CEO Steve Ballmer is stirring up Yahoo! (Nasdaq: YHOO) speculation again, speaking at an analyst conference this morning. Some comments: CEO Steve Ballmer sees huge opportunity in ...
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Housing Takes Another Awful Beating

Posted: February 24, 2009 at 9:21 am

Housing prices continue to cascade. According to the new S&P Case-Shiller Home Price Index,  home prices dropped nearly 19% in the fourth quarter, a record. In the ten largest cities in the ...
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BlackRock Launching Distressed Fixed Income Fund (BLK, XFIVO)

Posted: February 24, 2009 at 9:19 am

BlackRock, Inc. (NYSE: BLK) is launching a new fund that is designed to essentially be a vulture in fixed income securities.  This is is technically a distressed fund being created ...
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Bank Nationalization Is a Truly Awful Idea

Posted: February 24, 2009 at 8:15 am

By John Tamny, RealClearMarkets In the past week a number of boldfaced names including Sen. Lindsey Graham, Harvard economist Greg Mankiw, economist of the moment Nouriel Roubini, and ex-Fed Chairman ...
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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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