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Daily Archives: April 29, 2009

Analysts Piling Into Dendreon (DNDN)

Posted: April 29, 2009 at 8:01 am

Dendreon Corp. (NASDAQ: DNDN) has already been all over the news with its positive PROVENGE data for the submission of an FDA application now looking likely late in 2009 with ...
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A Possible Crest in GDP Declines

Posted: April 29, 2009 at 7:45 am

We just got our first look at the Q1-2009 GDP.  The initial report shows -6.1%, much worse than expected but not as bad as the -6.3% in Q4-2008.  Bloomberg had ...
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Top Analyst Downgrades (ARB, DB, ETFC, FPL, HXL, M, SFD, UA, ZUMZ)

Posted: April 29, 2009 at 6:55 am

These are most of the top early bird pre-market downgrades and negative research calls we have seen from Wall Street analysts this Wednesday morning: Arbitron (ARB) Cut to Neutral at ...
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Top Analyst Upgrades (BCS, IDTI, JNY, NTES, POR, SQNM, TRMB, UEC)

Posted: April 29, 2009 at 6:51 am

These are some of the top pre-market analyst upgrades and positive research calls we have seen from Wall Street early this Wednesday morning: Barclays (BCS) Raised to Overweight at HSBC. ...
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Media Slowdown Catches Up With Time Warner (TWX)

Posted: April 29, 2009 at 5:25 am

The advertising recession caught up with Time Warner (TWX) in the first quarter. Revenues declined 7% from 2008 to $6.9 billion, due mainly to decreases at the AOL, Publishing and ...
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winter17

Based On Bad Earnings, Could Oracle (ORCL) Walk Out On Sun (JAVA)

Posted: April 29, 2009 at 5:03 am

The term "material adverse effect" was not in the business vocabulary until about two years ago when LBO deals began to fall apart. Acquirers who got cold feet, or could ...
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E*TRADE: Higher Loan Loss Reserves & Capital-Raise Needs (ETFC)

Posted: April 29, 2009 at 4:54 am

E*TRADE FINANCIAL Corporation (NASDAQ: ETFC) has just reported a net loss of $233 million, or -$0.41 EPS, on revenue of $497 million.   E*TRADE has fewer analysts than before, but Thomson ...
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bear43

If Six “Stress Tested” Banks Need Money, Sell-Off Will Begin (BAC)(C)

Posted: April 29, 2009 at 4:49 am

Bloomberg reports that six of the 19 banks that went through the government's "stress test" program will need to raise more capital. That list probably includes Citigroup (C) and Bank of ...
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bank43

The Importance Of Paying Citigroup (C) Bankers Bonuses

Posted: April 29, 2009 at 4:31 am

Citigroup (C) has gone to the Treasury to beg for bonuses for some of its most important traders, people who make the banks extraordinary amounts of money. The Treasury's reaction ...
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bear42

More Self-Mutilation At Microsoft (MSFT) May Hold Key To Success (AAPL)(RIMM)(GOOG)

Posted: April 29, 2009 at 4:06 am

Microsoft (MSFT) has never had much success in the businesses of creating and marketing hardware. Why should it? Microsoft is the world’s largest software company.  The firm has tried to ...
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bank42

Warping Economic Data For Fun And Profit

Posted: April 29, 2009 at 3:53 am

When the Case-Schiller monthly data on housing is issued, economic analysts pour over the information city-by-city to look for signs of a housing recovery. The data for February did not ...
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Media Digest 4/29/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: April 29, 2009 at 2:52 am

According to Reuters, the days of the CEOs of Bank of America (BAC) and Citigroup (C) may be numbered. Reuters reports that a deal has been reached to cut Chrysler's ...
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sunset25

Asia Markets And Europe Open 4/29/2009

Posted: April 29, 2009 at 2:13 am

Markets in Asia were higher with Japan closed for a holiday. The Hang Seng rose 2.7% to 14,942. The Shanghai Composite was up 2.7% to 2,488. At the open in ...
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