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Daily Archives: March 6, 2009

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Cramer Picks DJIA 5,320 As Absolute DJIA Bottom (GM, AA, AXP, BA, PG, KO, T, VZ, DD)s

Posted: March 6, 2009 at 3:09 pm

On CNBC's Stop Trading segment today, Jim Cramer said that he ran the worst case scenario on all of the DJIA components, and the worst level he can come up ...
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Sirius XM Holders Get To Live Longer (SIRI, LINTA, LINTB, LCAPA, LCAPB, LMDIA)

Posted: March 6, 2009 at 1:09 pm

Sirius XM Radio Inc. (NASDAQ: SIRI) and Liberty Media Corporation (NASDAQ: LINTA, LINTB, LCAPA, LCAPB, LMDIA) have announced the closing of the second and final phase of the John Malone ...
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Roche Capitulates (DNA)

Posted: March 6, 2009 at 12:38 pm

Roche has apparently capitulated in its fight to take over Genentech Inc. (NYSE: DNA).  Its cancer franchise and its pipeline, along with a shareholder proxy fight, finally made Roche tip ...
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Plummeting Rig Count, Floor in Oil & Gas Prices? (BHI, USO, OIH)

Posted: March 6, 2009 at 12:23 pm

Just about every economist says that the employment rates, ergo the unemployment rate, is a lagging indicator.  The same is arguably true for the total number of rigs in oil ...
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GM (GM): The Next Great American Company That Will Trade Under $1

Posted: March 6, 2009 at 10:51 am

GM's (GM) stock is racing toward $1 where it can join Citigroup (C) and a number of other famous American companies which could not hold that price point. Today GM trades at ...
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After FTC Settlement What of Wild Oats & Whole Foods Is Left? (WFMI)

Posted: March 6, 2009 at 9:56 am

Whole Foods Market, Inc. (NASDAQ: WFMI) has reached a settlement agreement with the Federal Trade Commission's about its acquisition of Wild Oats.   Under the terms of the settlement, Whole Foods ...
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We’ve Fallen Farther, Faster Than 1929 Crash

Posted: March 6, 2009 at 9:37 am

The New York Times points out that the S&P 500 is down 56% since it peaked on Oct. 9, 2007, 513 calendar days ago. In the identical number of days ...
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From Green to IPO to Chapter 11

Posted: March 6, 2009 at 9:27 am

In January, a biofuelscompany named Changing World Technologies was thought to be preparing for an IPO. The company, based in New York, owned a biomass fuel plant in Carthage, Missouri, ...
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When Refineries Lose Money (WNR)

Posted: March 6, 2009 at 9:24 am

Western Refining Inc. (NYSE:WNR) reported a quarterly EPS loss of -$0.19, just half as much as its -$0.38 EPS loss in the fourth quarter of 2007. Excluding a one-time inventory ...
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Pickens & Pelosi: Clean Energy Does Better Than Expected (CLNE)

Posted: March 6, 2009 at 9:23 am

Clean Energy Fuels Corp. (NASDAQ:CLNE) reported a quarterly EPS loss of -$0.09, excluding certain items, beating analysts' estimates of a loss of -$0.37. Revenue was essentially flat with the fourth ...
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Try paying bills with this!

Double Digit Unemployment Looks More & More Likely

Posted: March 6, 2009 at 8:39 am

You're Fired!  That is what the Labor Department is dealing with on a growing basis.  The January unemployment rate of 7.6% just got replaced by a number of 8.1% ...
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The Stock Market Was Right About Wells Fargo (WFC): It Cuts Dividend

Posted: March 6, 2009 at 8:19 am

Wells Fargo (WFC) is supposed to be one of the healthier big banks. The market has not treated that way, driving its shares relentlessly lower--down 40% over the last five ...
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Fewer And Fewer Make Timely Mortgage Payments

Posted: March 6, 2009 at 7:48 am

It makes sense. Unemployment for February could hit 8%. It could move closer to 9% by the end of April. That does not include people who have been out of ...
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Top Analyst Upgrades (ARLP, MDRX, FDO, GFI, LOW, MSSR, MDR, TASR)

Posted: March 6, 2009 at 7:39 am

These are the top upgrades and positive calls we have seen from analysts on Wall Street this Friday morning: Alliance Resource (ARLP) Raised to Buy at Citigroup. Allscripts-Misys Healthcare (MDRX) ...
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New Federal Program: Tax The Rich, Then Ask Them To Invest In Government Programs

Posted: March 6, 2009 at 6:23 am

It is a devilishly clever plan. The federal government proposes to raise taxes on hedge funds and private equity firms. Once that it accomplished, the Administration wants these same firms ...
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