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Monthly Archives: April 2009

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Asia Markets And Europe Open 4/14/2009

Posted: April 14, 2009 at 2:17 am

Markets in Asia were narrowly mixed. The Nikkei fell .9% to 8,843. The Hang Seng moved up 3.1% to 15,382. The Shanghai Composite rose .5% to 2,527. In Europe, at ...
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Goldman Sachs (GS) Hits The Cover Off The Ball

Posted: April 13, 2009 at 3:38 pm

Maybe the recovery of the major banks and investment houses is not a mirage. Maybe it is the real deal. Goldman Sachs (GS) reported net revenues of $9.43 billion and ...
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Were Wells Fargo (WFC) Earnings Worse Than They Seemed?

Posted: April 13, 2009 at 2:20 pm

Critics have started to come out of the wall and say that Wells Fargo's (WFC) earnings are not as good as they seemed at first blush. The most stunning comments ...
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Melco Crown Raising Cash (MPEL, WYNN, LVS)

Posted: April 13, 2009 at 12:13 pm

Melco Crown Entertainment Limited (NASDAQ: MPEL) has just filed with the SEC to raise up to $400 million in cash.  This is via a sale of ADS's and underwriters were ...
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Investors Taking the Cuba Bet (CUBA)

Posted: April 13, 2009 at 11:18 am

How long has the U.S. been at odds with Cuba?  For many of us, the answer is "Our entire lifetime."  And now things may start be finally on track to ...
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Is Take-Two (TTWO) A Takeover Target Again

Posted: April 13, 2009 at 11:07 am

Barron's reports that there are rumors that Take-Two (TTWO) may receive a takeover offer soon. It turned down an offer from Electronic Arts (ERTS) last year. The shares are up 12% ...
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Did Someone Leak Gannett’s (GCI) Earnings?

Posted: April 13, 2009 at 10:52 am

For reasons that seem inexplicable, Gannett (GCI) shares rocketed up in midday trading to $4.62, a 23% increase. The company has not released any news. Ariel Capital recently increased its ...
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Abercrombie & Fitch Loses Its Cool

Posted: April 13, 2009 at 10:30 am

The retailer stubbornly clings to luxury while everyone else cuts prices. By Caitlin McDevitt of The Big Money To the dismay of the Abercrombie & Fitch empire, teenagers whose parents ...
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Refiners and Oil Prices, Conundrum and Quagmire (VLO, MRO, TSO, WNR, XOM, CVX)

Posted: April 13, 2009 at 10:02 am

There has been a never-ending battle between rapidly changing energy prices and the effect on margins at refineries.  Since the beginning of the year, the best-performing crude oil refiner has ...
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Genworth’s Worth? (GNW)

Posted: April 13, 2009 at 9:49 am

Genworth Financial Inc. (NYSE: GNW) is still up significantly from its post-crash lows.  Unfortunately, that is where the good news stops.  Last week, we identified life insurance companies who were ...
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Citi Adds Microsoft (MSFT) to the Recommended List

Posted: April 13, 2009 at 8:31 am

Citi adds Microsoft (Nasdaq: MSFT) to the Recommended List, saying more upside could play out. Citi has a Buy rating and $22 price target on MSFT. Citi analystsays, "While the ...
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MEMC, The Meltdown Continues (WFR)

Posted: April 13, 2009 at 7:57 am

A long weekend is always a good time to send bad news over the wires, hoping that either nobody will see it or that they'll forget they saw it by ...
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Fertilizer Mergers in the Backstretch (CF, AGU, TRA)

Posted: April 13, 2009 at 7:38 am

The proposed acquisition of CF Industries Holdings, Inc. (NYSE:CF) by Canadian firm Agrium Inc. (NYSE:AGU) is heading for the shareholders' meeting on April 21st. CF Holdings has received an opinion ...
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The Drain of MBAs to Washington

Posted: April 13, 2009 at 7:16 am

John Tamny of RealClearMarkets In trying to explain why capitalism in the U.S. thrived in the late 19th and early 20th centuries, Austrian economist Joseph Schumpeter broke it down to ...
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Top Analyst Upgrades (BRY, BRCD, GS, LULU, MWW, CRM)

Posted: April 13, 2009 at 7:07 am

These are some of the top analyst upgrades or positive research calls that we have seen early this Monday morning from Wall Street: Berry Petroleum (BRY) Raised to Outperform at ...
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