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Daily Archives: March 13, 2009

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Would Direxion Financial Bull 3X Consider Reverse Split? (FAS, FAZ)

Posted: March 13, 2009 at 2:53 pm

Day traders, ETF investors, hedgers, swing traders, and more have been using the Direxion financial leveraged ETF's as their go-to trades in the financial sector. Direxion Financial Bull 3X Shares ...
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Lower Rig Counts Again, Lower Supply… (BHI, OIL, OIH, USO)

Posted: March 13, 2009 at 12:41 pm

Baker Hughes Inc. (NYSE: BHI) just released its weekly rig counts.  Despite the fact that oil has recovered handily off its lows, it seems that oil rig operators still are ...
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IBM: Big Blue Goes Green and Blue (IBM)

Posted: March 13, 2009 at 10:53 am

IBM Corp. (NYSE: IBM) is expanding into the water business. One part of the effort is to develop a smart grid of sensors and software to help manage water systems. ...
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NRG-Exelon-Reliant: Merger Soap Opera Continues (NRG, EXC, RRI)

Posted: March 13, 2009 at 8:43 am

The CEO and Chairman of NRG Energy, Inc. (NYSE:NRG) have sent a letter to stockholders pointing out the weaknesses in the buyout offer from Exelon Corporation (NYSE:EXC). Earlier this month, ...
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The FAS and FAZ Make Stock Market Volatility Look Like Child’s Play

Posted: March 13, 2009 at 8:32 am

Since Monday, when several news items (1. Citigroup (NYSE: C) said it would be profitable, 2. Fed Chairman Bernanke addressed mark-to-market issues, and 3. Barney Frank said he expects to ...
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Dissing RIM, Blessing Palm (RIMM, PALM)

Posted: March 13, 2009 at 8:03 am

Research in Motion Ltd. (NASDAQ: RIMM) is not participating in this morning's rally.  This stock had a good week as shares closed yesterday at $41.46 after having traded under $36.00 ...
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Upside of Recession: Lower Trade Deficit

Posted: March 13, 2009 at 7:38 am

There appears to be an upside of the recession.  The "International Trade" data, which is the US Trade Deficit, is shrinking.  The report for January 2009 came in at -$36.03 ...
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American Apparel Secures Needed Investment (APP)

Posted: March 13, 2009 at 7:23 am

American Apparel, Inc. (NYSE Alternext: APP) has confirmed reports of an outside private equity investment.  The retail apparel player got $80 million with Lion Capital LLP.  This should satisfy most ...
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Top Analyst Upgrades (ALU, AGN, AMAG, EIG, JPM, LOGI. MCD, PALM)

Posted: March 13, 2009 at 6:38 am

These are the top analyst upgrades and positive research calls we have seen from Wall Street this Friday morning with about two hours until the market opens: Alcatel-Lucent (ALU) Raised ...
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China Admits US Debt Is Losing Favor

Posted: March 13, 2009 at 6:03 am

Analysts who watch the interest rates that the US must pay on its debt should have felt a little shiver yesterday. The Chinese government, the largest holder of Treasuries, expressed some doubt about the ...
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Goldman Sachs Dumps Wal-Mart From Conviction Buy List (WMT)

Posted: March 13, 2009 at 5:50 am

Wal-Mart Stores (NYSE: WMT) is indicated lower after Goldman Sachs  removed the world's largest retailer from the Conviction Buy List.  Goldman still has a "Buy" rating on the stock.  The ...
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On Berkshire: Loses AAA, Buffett Salary & No AIG (BRK-A, AIG)

Posted: March 13, 2009 at 5:37 am

There has been quite a lot of news on Berkshire Hathaway Inc. (NYSE: BRK-A) and Warren Buffett in the last 12 hours.  Bond and credit ratings agency Fitch downgraded the ...
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Will GE (GE) Dump Forecasts After Debt Downgrade?

Posted: March 13, 2009 at 5:18 am

It is an interesting theory, but it may not be plausible. Some analysts think that GE (GE) will use a downgrade of its debt by S&P as cover for reducing ...
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Europe Says It Has Spent Enough To Save Economy

Posted: March 13, 2009 at 5:03 am

European nations are sick of spending money to stimulate the economy. Or, more likely, they are running out of access to capital and simply don't want to admit it. At ...
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More Price Pressure On OPEC

Posted: March 13, 2009 at 4:48 am

OPEC wants to keep cutting production and enforce production cuts is has already made so that none of its members try to dodge the cartel's limits to pick up a ...
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