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Daily Archives: March 4, 2009

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The 52-Week Low Club (GE)(C)(SCHW)(MGM)

Posted: March 4, 2009 at 4:10 pm

GE (GE) Panic selling over concerns about balance sheet of financial division. Drops to $5.73 from 52-week high of $38.52. Citigroup (C) Worries about nationalization persist. Down to $1.11 from ...
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Beige Book, Tan Book, Nightmare Journal

Posted: March 4, 2009 at 2:13 pm

The Federal Reserve has issued its latest Beige Book ahead of the next FOMC meeting.  It shows more pain and more suffering ahed, just like the rest of the economic ...
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24/7 Wall St.–Channel Checkers Survey: PS3 Sales Stronger Than Expected

Posted: March 4, 2009 at 1:40 pm

According to the new 24/7 Wall St--Channel Checkers Survey of  30 Game Stop (GME) and EB Games locations, Sony (SNE) PS3 sales are better relative to Microsoft (MSFT) Xbox and Nintendo ...
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KLA-Tencor Follows Chips-To-Solar Move (KLAC, FSLR, WFR, AMAT)

Posted: March 4, 2009 at 9:53 am

As long as silicon chips continue to pack more power into less space, the industry will need improved inspection devices to assist with quality control. Or at least that's what ...
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Panic Selling On GE (GE) With No News Out

Posted: March 4, 2009 at 9:47 am

A very large number of people must think they know something about GE (GE) that is not public. Rumors about the company's financial unit balance sheet have been hurting the ...
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JP Morgan Adds AT&T (T) To Analyst Focus List

Posted: March 4, 2009 at 9:28 am

A little good news for AT&T (T) today. JPMorgan has added the stock to its analyst focus list and rates it "overweight". The firm commented: "We are adding AT&T to ...
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Piper Jaffray Upgrades Palm (PALM) To Buy Despite Warning

Posted: March 4, 2009 at 9:21 am

Depsite last night's third quarter warning, Piper Jaffray is upgrading shares of Palm (Nasdaq: PALM) today from Neutral to Buy and lifting its price target from $4 to $10. Piper ...
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New Crude Benchmark in the Works?

Posted: March 4, 2009 at 9:21 am

Oil industry information leader Platts has proposed establishing a new assessment for sour crude produced in North and South America. The benchmark would be called the Americas Sour Marker (ASM), ...
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BJ’s vs. Costco vs. Big Lots (BJ, COST, BIG)

Posted: March 4, 2009 at 9:16 am

We have two entirely different reports this morning in the big box retail sector, and a wild card underdog winner.  BJ's Wholesale Club Inc. (NYSE: BJ) reported better-than-expected results, while ...
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How Good is the NRG-Reliant Deal? (NRG, RRI, EXC)

Posted: March 4, 2009 at 8:51 am

The offer from NRG Energy, Inc. (NYSE:NRG) to buy the retail business of Reliant Energy Inc. (NYSE:RRI) for $287.5 million has now drawn some attention from Fitch Ratings. As one ...
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Traders Tiptoe Into VeriFone (PAY)

Posted: March 4, 2009 at 8:49 am

VeriFone Holdings Inc. (NYSE: PAY) is finally getting a look from traders this morning after the company's earnings report.  The earnings were not without problems, and the guidance was not ...
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Top 10 Analyst Upgrades & Downgrades (ALTR, XLNX, BMRN, FWLT, PALM, VRTX, EIX, MGM, POM, TIF)

Posted: March 4, 2009 at 7:53 am

These are the top 10 analyst calls we have seen this Wednesday morning with about two hours until the market opens: Altera (ALTR) and Xilinx (XLNX) Raised to Overweight at ...
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China Goes Nowhere Without The US

Posted: March 4, 2009 at 6:32 am

News that a measure of manufacturing activity in China took a tick up in February put analysts into a fever of excitement. The Shanghai Composite moved up 6%. The rally ...
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Google (GOOG) Admits It Business Is Challenged By Recession

Posted: March 4, 2009 at 6:19 am

It is probably a pretty fair guess that Google (GOOG) will have a poor quarter and that the stock is heading for new lows. Eric Schmidt, the search company's CEO,  ...
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A Waste Of Effort: Amazon (AMZN) To Market Books On Apple (AAPL) iPhone

Posted: March 4, 2009 at 5:55 am

The Apple (AAPL) iPhone may be good for a lot of things, but reading electronic books is not one of them. The screen on the device is so small that ...
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