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Monthly Archives: February 2009

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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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AIG’s (AIG) Plan To Bleed The Government Dry

Posted: February 23, 2009 at 7:19 pm

Management at AIG (AIG) has calculated exactly how much money the Treasury and Fed will have access to after all of the TARP, financial stimulus, and mortgage bailout projects have ...
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The U.S. Does A Little Begging In China

Posted: February 23, 2009 at 6:51 pm

By Douglas A. McIntyre, 24/7 Wall St. for DailyFinance.com China owns, by most accounts, the largest pool of U.S. Treasuries in the world. It continues to buy them, helping the ...
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JPMorgan (JPM) Trades A Dividend For A Rainy Day Fund

Posted: February 23, 2009 at 5:34 pm

To hear the management at JPMorgan (JPM) talk, the bank does not have to cut its dividend, but it would be nice to keep the extra money each quarter, just ...
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JPMorgan Chase All But Murders Its Dividend (JPM)

Posted: February 23, 2009 at 4:55 pm

As we have been expecting in the banking sector, JPMorgan Chase & Co. (NYSE: JPM) is leading the way for more and more banks to cut their dividends.  The company ...
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Nordstrom Earnings & Outlook: When Bad Is Good Enough (JWN)

Posted: February 23, 2009 at 4:26 pm

Nordstrom Inc. (NYSE: JWN) reported terrible earnings.  Interestingly enough, the report from the high-end retailer  is looking "good enough" when you consider the state of many retailers. (more...) ...
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The 52-Week Low Club (AIG)(ADBE)(SCHW)(INTC)

Posted: February 23, 2009 at 3:47 pm

Intel (INTC) Tech loses its immunity. Concerns about PC and server sales. Drops to $12.05 from 52-week high of $25.29. Schwab (SCHW) Retail traders fleeing the market? Falls to $12.10 ...
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Does Intel Need Cash? (INTC)

Posted: February 23, 2009 at 2:54 pm

Intel Corporation (NASDAQ: INTC) has filed an automatic shelf registration statement with the SEC.  This will allow the company or holders to sell securities from time to time.  As with ...
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