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Daily Archives: March 19, 2009

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Celebrating a Less-Bad Jobs Number

Posted: March 19, 2009 at 7:36 am

There was actually a drop in the jobless claims numbers this week.  The new weekly data from the Labor Department came in at 646,000, down 12,000 fro the week before.  ...
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Bracing For Outrage Over Citi Executive Offices (C)

Posted: March 19, 2009 at 7:21 am

If you thought that lavish spending was over on Wall Street, there is going to be a new point of outrage this morning for all the whiners.  Citigroup Inc. (NYSE: ...
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Citi Plans Reverse Split & Share Conversions (C)

Posted: March 19, 2009 at 6:42 am

If you thought things were going to get quiet at Citigroup, Inc. (NYSE: C) after the 200% run up of late, they aren't if this morning's news comes to fruition.  ...
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Top Analyst Downgrades (ARMH, CHU, ERIC, EXPE, GGG, MTB, SNE, TEX)

Posted: March 19, 2009 at 6:30 am

These are the top downgrades and negative research calls we have seen so far from Wall Street analysts this Thursday morning: Arm Holdings (ARMH) Cut to Neutral at Goldman Sachs. ...
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Top Analyst Upgrades (AA, WTR, BEC, CWT, CHRT, CHA, GAS, NOK, PNY, WW)

Posted: March 19, 2009 at 6:23 am

These are the top upgrades and positive research calls we have seen from Wall Street analysts so far early this Thursday morning: Alcoa (AA) Raised to Overweight at JPMorgan. Aqua ...
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Gannett (GCI) Says USA Today Revenue May Drop 35%

Posted: March 19, 2009 at 5:29 am

The downturn in newspaper ad revenue has gone from awful to extraordinary. Gannett (GCI) told analysts that sales at its flagship USA Today paper could be down as much as ...
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Courts May Wreck Sony (SNE) And Google’s (GOOG) Challenge To Amazon (AMZN)

Posted: March 19, 2009 at 5:16 am

Sony (SNE) and Google (GOOG) plan to launch a partnership to challenge to Amazon's (AMZN) modestly successful e-book reader. According to The Wall Street Journal, the project will "give users ...
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Even Chinese Cellular Markets Face Problems

Posted: March 19, 2009 at 5:01 am

China Mobile (CHL), the world largest cellular service provider, posted strong earnings for last year, but that may be the extent of the good news. Company revenue grew, reaching RMB 412,343 ...
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Confidence May Be Too Low For Fed To Help

Posted: March 19, 2009 at 4:34 am

The news that the Fed would buy as much as $300 billion in long-term Treasuries and up to $1.25 trillion of mortgage-backed securities issued by Fannie Mae (FNM) and Freddie Mac ...
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Citigroup (C) Becomes The Best Bank In The World Overnight

Posted: March 19, 2009 at 4:07 am

Citigroup (C) shares are going up every day now, gaining 23% yesterday. So far, the stock has gone from a low of $.97 to $3.20 in just a few weeks. ...
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A Renaissance for Big Acquisitions

Posted: March 19, 2009 at 3:59 am

A large part of the money that was made by banks and investment banks from 2004 through most of 2007 was made from mergers and acquisitions. When the credit markets ...
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Will GE be able to allay investors’ concerns?

Posted: March 19, 2009 at 3:49 am

By Melly Alazraki of DailyFinance General Electric Co. (GE) is going to host a five-hour "deep dive" conference on Thursday in which it will attempt to convince investors that its ...
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Media Digest 3/19/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: March 19, 2009 at 3:18 am

According to Reuters, the Fed's plans to buy Treasuries is like a program called "Operation Twist" which was part of the agencies effort to help the economy almost fifty years ...
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Asia Markets 3/19/2009

Posted: March 19, 2009 at 2:24 am

Markets in Asia were narrowly mixed. The Nikkei fell .3% to 7,946. The Hang Seng dropped .7% to 13,026. The Shanghai Composite was up 1.7% to 2,266. Data from Reuters ...
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