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Daily Archives: March 2, 2009

Bears still in charge as oil plunges to $40

Posted: March 2, 2009 at 7:03 pm

By Joseph Lazzaro for DailyFinance.com So much for that nascent oil rally. In this oil market, the bears rule. True, the bulls have their moments, but these are fleeting, like ...
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Altera: Less Bad May Actually Be Good Enough (ALTR)

Posted: March 2, 2009 at 4:56 pm

Altera Corporation (NASDAQ: ALTR) issued a mid-quarter update after the close of trading today.  What is interesting is that things might not be quite as bad as the company rxoected  ...
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First Solar Becomes Predator (FSLR)

Posted: March 2, 2009 at 4:32 pm

It may seem a very gutsy call considering the economy, even in the Obama-favorite of the solar sector.  But First Solar, Inc. (Nasdaq: FSLR) has just announced that it is ...
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The 52-Week Low Club (DOW)(IP)(CBS)(SCHW)(EBAY)(MSFT)(PFE)(GE)(C)

Posted: March 2, 2009 at 4:00 pm

Citigroup (C) Still fears of nationalization or a larger bailout. Falls to $1.15. from a 52-week high of $27.35. GE (GE) Market not comforted that GE's financial services are is ...
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Is Oracle About To Go After VMware Virtualization Turf? (ORCL, VMW, CTXS, MSFT, EMC)

Posted: March 2, 2009 at 2:33 pm

There is market chatter, despite the sell-off, that Oracle Corp. (NASDAQ: ORCL) may play catch-up in the virtualization space.  Jefferies has noted that Larry Ellison and friends may soon acquire ...
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Defensive Stocks Hammered Too (PEP, KO, TAP, KFT, CPB, HRL, MCD, MO, RAI, PG, CL, MRK, JNJ)

Posted: March 2, 2009 at 2:15 pm

It’s another rough trading day in the stock market.  It is bad enough that the DJIA is down over 3% to decade lows and under 7,000... But even almost all ...
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Immelt & Neal Buying GE Stock (GE)

Posted: March 2, 2009 at 1:34 pm

General Electric Co. (NYSE: GE) insiders are buying shares of their battered company stock.  Two Form-4s filed with the SEC show that CEO  Jeff Immelt and Vice Chairman Michael Neal ...
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Intel & TSM Outline System-on-Chip MOU (INTC, TSM)

Posted: March 2, 2009 at 1:16 pm

This is getting completely swept under the table because of the stock market flush-out.  But we have been awaiting the announcement confirming last week's reports of a venture between Intel ...
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PC Industry Going To Hell In A Handbasket (AAPL)(HPQ)(DELL)

Posted: March 2, 2009 at 1:07 pm

Gartner's new research on PC sales for 2009 is out and there it nothing in it to cheer the likes of Hewlett-Packard (HPQ) or Dell (DELL). Sales of computers will ...
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How Bad Will MBIA Earnings Be? (MBI, ABK, PMI, MTG)

Posted: March 2, 2009 at 12:25 pm

MBIA Inc. (NYSE: MBI) is set to report earnings Tuesday,  before the market opens.  As the market has slid further, this troubled "guarantor" has gone with it and has again ...
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Reliant Joins NRG-Exelon Merger Bermuda Triangle (RRI, NRG, EXC)

Posted: March 2, 2009 at 11:37 am

Reliant Energy Inc. (NYSE: RRI) is taking a hit this morning.  It wasn't just the earnings loss, or its plans to sell a unit.  This really appears to be over ...
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Can SanDisk Win As Spansion Goes Bankrupt? (SNDK, SPSN, AMD)

Posted: March 2, 2009 at 10:48 am

Spansion Inc. (NASDAQ: SPSN) is toast.  At least that is the case for shareholders.  The maker and designer of flash memory chips has filed for Chapter 11 bankruptcy protection.  Spansion ...
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What If Chesapeake Production Cuts Work? (CHK, PXP, BP)

Posted: March 2, 2009 at 10:26 am

Chesapeake Energy Corporation (NYSE: CHK) is tired of not having profitable results from a key operation.  The largest natural gas player announced that it will cut its production by 7% ...
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Pacific Ethanol Going Down? (PEIX)

Posted: March 2, 2009 at 9:35 am

Once the darling of investors Vinod Khosla and Bill Gates, Pacific Ethanol, Inc. (NASDAQ:PEIX) is now trading at just 5% of its share price one year ago. The company has ...
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ARGUS Upgrades Cisco Systems (CSCO) to Buy

Posted: March 2, 2009 at 9:32 am

ARGUS upgrades Cisco Systems (Nasdaq: CSCO) from Hold to Buy with a $24 price target, citing valuation and its position for competitive outperformance. ARGUS analyst says, "We recognize the risk ...
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