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Monthly Archives: April 2009

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Sunoco and Holly, Tulsa Refinery Hot Potato (SUN, HOC)

Posted: April 16, 2009 at 8:41 am

Sunoco, Inc. (NYSE: SUN) has signed a definitive agreement with a subsidiary of Holly Corporation (NYSE: HOC) to sell Holly its 85,000 barrel/day refinery in Tulsa, Oklahoma, for $65 million. ...
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Bearish Dendreon (DNDN) Analyst Throws In The Towel, Upgrades to Hold

Posted: April 16, 2009 at 8:35 am

The bearish Dendreon (Nasdaq: DNDN) analyst at Brean Murray is throwing in the towel and turning slightly more bullish. The firm upgraded the stock from Sell to Hold, following this ...
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Yingli Taking the Money (YGE)

Posted: April 16, 2009 at 8:29 am

Chinese solar panel maker Yingle Green Energy Holding Company Limited (NYSE:YGE) has taken a loan of $50 million from a credit line established earlier this year with ADM Capital and ...
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AMR & Southwest Battle For Hindenburg Earnings (LUV, AMR)

Posted: April 16, 2009 at 8:14 am

Southwest Airlines Co, (NYSE: LUV) is getting to see some selling this morning after its earnings report.  Actually, that is after its losses.  Southwest is not used to this and ...
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Good News, Only Over 6 Million Jobless

Posted: April 16, 2009 at 7:44 am

There may be some good news on the jobless claims front.  We saw a drop of 53,000 on the weekly jobless claims.  The new number was 'only' 610,000 for the ...
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Sun Ready To Resume Talks, Should IBM Even Listen? (JAVA, IBM, HPQ)

Posted: April 16, 2009 at 7:33 am

Sun Microsystems Inc. (NASDAQ: JAVA) is seeing a bit of excitement this morning on word that it is ready to resume talks with IBM (NYSE: IBM).  We have been under ...
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Whatever GDP’s Path, Don’t Expect a Bull Recovery

Posted: April 16, 2009 at 7:18 am

By John Tamny of RealClearMarkets A recent survey of economists in the Wall Street Journal pointed to economic recovery beginning in September. The problem here is that true economic growth ...
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Starbucks Catching Another Downgrade (SBUX)

Posted: April 16, 2009 at 7:11 am

Shares of Starbucks Corp. (NASDAQ: SBUX) are getting hit by an analyst downgrade this morning.  If it sounds like a repeat call mistaken for yesterday's downgrade, it isn't.  Not really.  ...
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Earlybird Analyst Upgrades & Downgrades (AEP, CME, FNFG, KFT, LSTR, RGLD, SD, SBUX, TRI)

Posted: April 16, 2009 at 6:14 am

We still have well over two-hours until the opening bell this Thursday morning.  So far we have seen many select upgrades and downgrades from Wall Street analysts.  Here is what ...
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JPMorgan Chase Shows How It’s Done (JPM, FAS)

Posted: April 16, 2009 at 5:51 am

JPMorgan Chase & Co. (NYSE: JPM) rose about 7% yesterday ahead of this morning's earnings announcement along with other major financial stocks, and now we know why.  Jamie Dimon and ...
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Nokia (NOK) Sales Crater, Handset Industries Shudders

Posted: April 16, 2009 at 5:36 am

It won't be a nice day to go to work at Motorola (MOT), Samsung, or Sony Ericsson. Their larger competitor, Nokia (NOK) said it sold 19% fewer phones in the ...
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Rosetta Stone IPO Has Arrived, And Then Some (RST)

Posted: April 16, 2009 at 5:21 am

Rosetta Stone Inc. (NYSE: RST) has priced its initial public offering of 6.25 million shares of common stock at $18.00 per share.  Of the offering, Rosetta Stone is selling 3.125 ...
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Bottom For Real Estate Far Away As Foreclosures Rise

Posted: April 16, 2009 at 5:16 am

The foreclosure rates on homes in the US is still rising sharply, which is bad news for banks and almost anyone trying to sell a house. It could also totally undermine ...
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General Growth And Another Burden For Bank Stocks

Posted: April 16, 2009 at 5:06 am

General Growth (GGP), the big mall owner, filed for bankruptcy, as many experts thought it would. The company has $27 billion in debt and, with real estate prices depressed, it ...
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Looking For The “Real” Investor

Posted: April 16, 2009 at 4:40 am

The head of The New York Stock Exchange is questioning the viability of the tremendous March market rally. He contends "real" investors were not in the thick of the trading. ...
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