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Monthly Archives: April 2009

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Level 3 Secures More Cash (LVLT)

Posted: April 6, 2009 at 8:45 am

Level 3 Communications, Inc. (NASDAQ: LVLT) is trading up marginally this morning on word that its subsidiary, Level 3 Financing, Inc., has received additional financing commitments.  The additional financing is ...
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Saudi Refinery Back on Track (COP, TOT)

Posted: April 6, 2009 at 8:33 am

Saudi Arabia's state-owned oil company Saudi Aramco and ConocoPhillips Corporation (NYSE:COP) are expected to open the bidding for a Saudi-based refinery in Yanbu by the middle of 2009, according to ...
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Brean Murray Comments on Dendreon (DNDN) Following Friday’s Run-Up

Posted: April 6, 2009 at 8:23 am

Brean Murray comments on Dendreon (Nasdaq: DNDN) this morning, following Friday's 38% run-up, which they said was related to competitor's call with a physician in the field and word Provenge ...
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Margin Squeeze & Contract Changes Up & Down Oil Patch? (TOT, BP, RDS-A, E, SLB, HAL)

Posted: April 6, 2009 at 8:18 am

Several of the big oil companies are putting the squeeze on oil field services providers to renegotiate contracts and lower costs for drilling services. BP plc (NYSE:BP), Total SA (NYSE:TOT), ...
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Goldman Sachs Drops Cisco in Crisco (CSCO)

Posted: April 6, 2009 at 7:47 am

Cisco Systems Inc. (NASDAQ: CSCO) is getting hit hard on an analyst downgrade this morning.  Goldman Sachs has removed the routing and communications leader from its Conviction Buy List and ...
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Well-Regarded Analyst Turns Very Negative On Banks

Posted: April 6, 2009 at 7:43 am

Maybe the market's perception that bank stocks are out of the woods is premature. Many of the stocks in the sector have more than doubled from their early March lows. ...
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Top Analyst Upgrades (ANF, AEP, BUCY, EXR, IFX, JOYG, LPL, TWX, UTHR, WYNN)

Posted: April 6, 2009 at 7:40 am

These are some of the top pre-market analyst upgrades and positive research calls we have seen from all Street this Monday morning: Abercrombie & Fitch (ANF) Started as Buy at ...
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Top Analyst Downgrades (AMT, AXA, NILE, CA, FDS, IBM, IBKR, ICE, NOVL, SBAC, VIA)

Posted: April 6, 2009 at 7:33 am

These are the top analyst downgrades and cautious calls we have seen from Wall Street analysts this Monday morning: American Tower (AMT) Cut to Sector Perform at RBC. AXA (AXA) ...
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Greenspan Didn’t Cause the Housing Boom

Posted: April 6, 2009 at 7:21 am

By John Tamny of RealClearMarkets When economic problems reveal themselves, a great deal of finger-pointing inevitably ensues. For quite some time now economists and commentators have sought to place blame ...
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R&D, Which Holds Up In Fourth Quarter, May Dive In The First

Posted: April 6, 2009 at 5:23 am

According to The Wall Street Journal, large US companies held their R&D spending steady in the fourth quarter of last year even though in most cases their revenue fell. According ...
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Five Company’s Earnings Could End The Rally (WMT)(TGT)(MSFT)(GOOG)(DOW)(C)

Posted: April 6, 2009 at 5:09 am

The assumption is that the earnings for the first quarter from most companies in the S&P 500 will be atrocious. That can be set side-by-side with the fact that the ...
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HSBC (HBC) And The Great American Bank “Stress Test”

Posted: April 6, 2009 at 4:30 am

The rights offering made by HSBC (HBC) raised over $18 billion and the participation rate was over 96%. That should give banks which may need to raise capital in ...
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The Prospects Of The Stimulus Package And Bank Bailout Shattered, The Government Runs Low On Options

Posted: April 6, 2009 at 4:12 am

When Bob Schieffer of “Face The Nation” asked Secretary Geithner if the Administration would have to go back to Congress for more stimulus money because of rapidly rising unemployment, the ...
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When Joblessness Becomes Homelessness

Posted: April 6, 2009 at 4:01 am

If the current recession is the longest since WWII and continues for another year, one of its most frightening characteristics is that the number of people whose jobless benefits run ...
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Media Digest 4/6/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: April 6, 2009 at 2:54 am

According to Reuters, HSBC (HBC) has a successful rights offering to raise $18.9 billion. Reuters reports that a deal for IBM (IBM) to by Sun (JAVA) is near collapse. Reuters ...
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