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Daily Archives: March 12, 2009

Down Markets and Dumb Economic Myths

Posted: March 12, 2009 at 7:26 am

By John Tamny  RealClearMarkets Be it up markets or down markets, when stocks are moving powerfully in either direction lots of misinformation seeps into the public discussion. And with shares ...
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Top Analyst Upgrades (ABMD, ALTR, SNP, JCI, MDAS, SQNM, ZNT)

Posted: March 12, 2009 at 6:51 am

These are some of the top analyst upgrades and positive research calls we are seeing this Thursday morning with about two hours until the market opens: Abiomed (ABMD) Raised to ...
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Top Analyst Downgrades (CRZO, LDK, LUKOY, MBLX, PLLL)

Posted: March 12, 2009 at 6:44 am

These are some of the top analyst downgrades and negative research calls we are seeing this Thursday morning with about two hours until the market opens: Carrizo Oil & Gas ...
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Citi Starts Online Broker Coverage (SCHW, ETFC, AMTD)

Posted: March 12, 2009 at 6:37 am

Citigroup has initiated coverage of the discount and online brokerage universe this morning.  There is a mix of coverage in the call rather than a positive or negative for the ...
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Nintendo: At Least People Can Still Afford Games

Posted: March 12, 2009 at 5:26 am

The economy is so bad that most people live in a world where they shop at Wal-Mart (WMT) and eat at McDonald's. Finding entertaining things to do has simply gotten ...
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Unemployment Picks Up Speed While Bailout Slows

Posted: March 12, 2009 at 5:06 am

A new Reuters poll of economists does not offer much hope for an improvement in the nation's financial condition. Many see unemployment topping 10%. The news service reports that "Median ...
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Roche Buyout: For Genentech (DNA), A Game Well Played

Posted: March 12, 2009 at 4:44 am

Before Roche decided to try to buy the 44% of biotech company Genentech (DNA) that it did not already own the smaller firm traded at $75. Roche offered just over ...
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Why Buy A New Car When You Can Build One?

Posted: March 12, 2009 at 4:12 am

Shares of car parts supply retailer, AutoZone (AZO), are trading at a 52 week high at $158.00.  The company has a market cap of $8.7 billion.  GM’s market cap is ...
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The Internet Becomes Ma Bell’s Step Child

Posted: March 12, 2009 at 4:05 am

Cable operator Comcast (CMCSA) claims it is now the No.3 phone company in the country.  It follows two of the remaining parts of the old AT&T which was broken up ...
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Media Digest 3/12/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: March 12, 2009 at 3:00 am

According to Reuters, Roche agreed to buy Genentech (DNA) for $46.8 billion. Reuters reports that the world economy is shrinking as the G20 meeting approaches. Reuters reports that US foreclosure ...
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Asia Markets 3/12/2009

Posted: March 12, 2009 at 2:19 am

Markets in Asia were mostly lower. The Nikkei fell 2.4% to 7,198 The Hang Seng was off a fraction to 11,930. The Shanghai Composite dropped .2% to 2,134. ...
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