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Daily Archives: April 14, 2009

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Goldman Sachs Prices Its Own Secondary (GS)

Posted: April 14, 2009 at 8:33 am

The Goldman Sachs Group, Inc. (NYSE: GS) has announced the pricing of its highly anticipated secondary offering of 40,650,407 shares of its common stock.  The pricing went off at $123.00 ...
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Marathon Previews First Quarter Results (MRO)

Posted: April 14, 2009 at 8:18 am

Marathon Oil Corporation (NYSE:MRO) has issued its interim update for the first quarter of 2009. The company's E&P results came in higher than expected, 429,000 barrels of oil equivalent per ...
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Dendreon Set To Re-File PROVENGE (DNDN)

Posted: April 14, 2009 at 8:01 am

Dendreon Corporation (NASDAQ: DNDN) has announced that its pivotal Phase 3 IMPACT study of PROVENGE in men with advanced prostate cancer data.  While the data is incomplete, Dendreon said that ...
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What Hyper-Inflation?

Posted: April 14, 2009 at 7:35 am

If you were worried about all this new money that has been coming into the system and its effects on inflation, you have at least another month (or much longer) ...
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Top Analyst Upgrades (ARUN, CTV, DPS, ESRX, GENZ, ISRG, LRCX, MXIM, NUAN)

Posted: April 14, 2009 at 7:30 am

These are some of the top analyst upgrades and positive research calls we have seen this Tuesday morning from Wall Street: Aruba Networks (ARUN) Raised to Neutral at JPMorgan. CommScope ...
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Top Analyst Downgrades (ASCA, BAC, BYD, LLTC, SAFM)

Posted: April 14, 2009 at 7:27 am

These are some of the top pre-market analyst downgrades we have seen early this Tuesday morning from Wall Street: Ameristar Casinos (ASCA) Cut to Neutral at JPMorgan. Bank of America ...
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Analysts Clip Oil Patch (ME, BP, CVX, COP, XOM, RDS.A)

Posted: April 14, 2009 at 6:52 am

These are some of the analyst calls we have seen up and down in the oil patch this Tuesday morning: Mariner Energy (ME) Started as Buy at Jefferies. BP (BP) ...
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24/7 Wall St.–The Channel Checkers Survey On Harley-Davidson (HOG)

Posted: April 14, 2009 at 5:43 am

Over the past week, the 24/7 Wall St.--The Channel Checkers surveyed 30 Harley Davidson dealers across the United States  to track sales trends of Harley Davidson motorcycles. We asked the ...
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AMR’s Serious Labor Troubles

Posted: April 14, 2009 at 5:27 am

AMR Corp. (NYSE:AMR) and unions representing pilots, flight attendants and maintenance workers at its American Airlines subsidiary are locked in labor negotiations that are growing increasingly contentious.  Shareholders should be ...
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bank19

A New Boss To Be Bossed By TARP Overseers

Posted: April 14, 2009 at 5:08 am

The Administration wants to put longtime Merrill Lynch executive Herb Allison in charge of the $700 billion TARP program. Allison is currently the CEO of Fannie Mae (FNM), a job ...
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Major Earnings Estimates, A Bar Set Too Low (INTC, AMR, LUV, BTU, GOOG, GCI, HOG, GE)

Posted: April 14, 2009 at 5:01 am

We have already seen at least one major upside surprise in earnings season for the Q1-2009 period.  But we have many major companies which are expected to report earnings this ...
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bear18

Tax Refunds Help Send False Recovery Signal

Posted: April 14, 2009 at 4:47 am

A taxpayer gets a refund check under the new stimulus program and then spends most of the money. That trend may help retail sales for the current quarter, but it ...
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24/7 Wall St.–The Channel Checkers Survey Of Apple (AAPL) Sales

Posted: April 14, 2009 at 4:30 am

The latest 24/7 Wall St.--The Channel Checkers survey of Apple (AAPL) stores shows that the company is holding the line on pricing and this should help earnings. Over the past ...
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bank18

Goldman Sachs (GS) And The Secret Of Bank Earnings

Posted: April 14, 2009 at 4:12 am

Two things, which happened within hours of one another, will probably determine the value of bank stocks for the next several months. Optimism about bank earnings pushed up Citigroup(C) by ...
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bear17

Fixing GM (GM) May Just Be Practice For The Government’s Next Bailout

Posted: April 14, 2009 at 4:02 am

GM’s (GM) stock trades at $1.71, which is not even its 52-week low. Several news outlets have reported that the Treasury has asked the No.1 US car company to prepare ...
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