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Daily Archives: March 16, 2009

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Energy Conversion Devices Stumbles Again, Again (ENER)

Posted: March 16, 2009 at 3:22 pm

Energy Conversion Devices, Inc. (NASDAQ: ENER) has made an announcement after the close that really is nothing better than an old fashioned earnings warning.  The company also is lowering production ...
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The 52-Week Low Club

Posted: March 16, 2009 at 3:16 pm

4 Kids Entertainment (KDE) Big Q4 loss. Drops to $1.01 from 52-week high of $25.30. Nanogen (NGEN) Delisting notice. Drops to $.07 from 52-week high of $.59. Data Domain (DDUP) ...
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Home Builders Hope Vs. Reality

Posted: March 16, 2009 at 12:18 pm

The latest National Association of Home Builders' survey shows that confidence is unchanged from last month. This is the second month in a row that the level has remained at ...
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One Percent Of All The People On Wall St. Make Ninety-Nine Percent Of All The Profits

Posted: March 16, 2009 at 11:49 am

President Obama has asked Treasury Secretary Tim Geithner to look at compensation being paid to AIG (AIG) employees for work done in 2008 and to pursue "every legal avenue to block ...
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Cisco’s Unified Computing: Many Risks, Questionable Rewards (CSCO, VMW, EMC, BMC, MSFT, RHT, ACN)

Posted: March 16, 2009 at 10:44 am

Cisco Systems, Inc. (NASDAQ: CSCO) came out with its big technology platform announcement, as prior reports had hinted at.  This includes announcements for services and products involving Microsoft Corp. (NASDAQ: ...
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Enbridge Exits Colombia (ENB, EC)

Posted: March 16, 2009 at 9:54 am

Canadian pipeline company Enbridge Inc. (NYSE: ENB) has agreed to sell its 24.7% equity stake in Colombia's Ocensa pipeline to the country's national oil company, Ecopetrol S.A. (NYSE: EC). The ...
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Name Change on New Oil Price Assessment

Posted: March 16, 2009 at 9:50 am

Today is the first day of reporting for the new crude oil price assessment announced earlier this month by Platts. The new marker has already had its name changed from ...
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Barclays, iShares, and Selling the Crown Jewels (BCS)

Posted: March 16, 2009 at 8:46 am

Barclays plc (NYSE: BCS) is trading higher on word that it may sell off its valuable iShares unit.  This is the golden child of the ETF industry.   The reports from ...
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US and Europe – Two Sides of the Natural Gas Storage Coin (CHK)

Posted: March 16, 2009 at 8:21 am

Natural gas contracts in the US have been trading at around $4/thousand cubic feet. The prime suspect for the low price is, surprise, the slow economy. The amount of natural ...
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UBS Removed its Short-Term Sell Rating on General Electric (GE)

Posted: March 16, 2009 at 8:12 am

UBS removed its short-term sell rating on General Electric (NYSE: GE). The firm is maintaining its Neutral rating. Shares of GE rocketed 36% higher last week as it recovers from ...
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Citi Discloses New Independent Board Members (C, USB, BOH)

Posted: March 16, 2009 at 8:05 am

Citigroup Inc. (NYSE: C) has disclosed those four new independent board members that it is nominating for election at the April 21 shareholders' meeting.  There were reports last week that ...
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Oil & Energy Upgrades & Downgrades (APA, DNR, E, XOM, OXY, PXP, RDS.A, SPWRA)

Posted: March 16, 2009 at 7:20 am

These are the top analyst calls we have seen in the oil patch and in the energy sector this Monday morning: Apache (NYSE: APA) Raised to Outperform at Credit Suisse. ...
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Top Analyst Upgrades & Downgrades (KG, MXIM, NWL, WFMI, WY, LM, POWI, S)

Posted: March 16, 2009 at 7:06 am

These are some of the top pre-market analyst upgrades and downgrades from Wall Street this Monday morning: King Pharma (KG) Raised to Overweight at Wachovia. Maxim Integrated Products (MXIM) Raised ...
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When We Ban Short Sales, We Ban Share Buyers

Posted: March 16, 2009 at 7:03 am

John Tamny  RealClearMarkets For some publicly held banks, the end of the share-price decline is seemingly nowhere in sight. Despite positive earnings news last week, Citigroup continues to bounce around ...
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EU Becomes A Drag On Global Economy

Posted: March 16, 2009 at 6:33 am

Payrolls are shrinking in Europe which is not good for US multinationals that do business there, US firms that export there, or Chinese operations which send tens of billions of ...
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