18 – April – 2009 – 24/7 Wall St.

Daily Archives: April 18, 2009

Stocktwits Market Trends: Where is Google (GOOG) going?

Google reports earnings after the bell today and is continuing its month-long rally trading at 2009 highs and approaching $400. According to Yahoo! Finance, analysts are expecting, $4.93 EPS for Q1. It is notable that average EPS estimate has eroded over the past 30 days while the stock price has been on a tear outpacing the market. For this reason, and some of the whisper bullhorns we’re hearing, it’s probably a good assumption that the market is expecting something over $5.

So while the market appears to be bullish on GOOG, we wanted to get predictions from the StockTwits community; a smattering below:

Posted on: April 18, 2009 – 6:50 am in Uncategorized

Asking For TARP Capital That Is Not There

The Administration is almost certainly going to have to go to Congress to ask for more capital for the TARP. It will have as its new point man Herb Allison, an old Wall St. hand and current head of Fannie Mae (FNM)

Congress is sullen and not likely to part with money. It is skeptical about the money already lent out and handed out by the Treasury. Voters want to know why they are paying for a program that does nothing to help their small businesses, mortgages, car loans, and credit card debt. They are right to be mutinous. The money that the banks have received has gone to helping shore up balance sheets, pay banker’s salaries, and create pools of money that many be used to buy troubled assets from other financial institutions. Read More »

Posted on: April 18, 2009 – 6:49 am in Banking, Politics

China’s Rhetoric On Economy Running Hot

The chief of China’s economic cheer leaders, the loquacious Premier Wen Jiabao, said that the nation’s economic stimulus elixir has begun to do its magic. He may be referring the the fact that his economy is still growing at 6% or that money being pushed through the banking system is allowing business activity to remain modestly healthily. Read More »