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Daily Archives: May 1, 2009

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Government And Citigroup (C) Do Battle Over $10 Billion

Posted: May 1, 2009 at 10:18 pm

The government says that Citigroup (C) needs to raise $10 billion. Citi believes otherwise. According to The Wall Street Journal, if the bank's view of its status prevails, "Citigroup could wind ...
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April Car Sales: Worse For The Japanese Than Detroit (TM)(HMC)(GM)(F)

Posted: May 1, 2009 at 1:49 pm

In a bit of a role reversal, the US light vehicle  sales of the large Japanese car companies did worse than The Big Three for the month of April. But, ...
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Buffett & Berkshire Primer Ahead of Annual Meeting (BRK-A, BRK-B, BNI, USG, TIF, HOG)

Posted: May 1, 2009 at 12:38 pm

This weekend will mark the annual shareholder meeting for Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B).  In the past, this has been considered the Financial Woodstock.  But this is a ...
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Lower Rig Counts Still Stabilizing (BHI, USO)

Posted: May 1, 2009 at 12:14 pm

Baker Hughes Inc. (NYSE: BHI) has released the weekly rig counts.  The bad news is that these rig counts are still declining.  The good news is that this really appears ...
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Diamondback Energy Services Cancels IPO

Posted: May 1, 2009 at 11:22 am

Diamondback Energy Services, Inc. has filed with the SEC to withdraw its filing for an initial public offering of common stock.  It actually looks like the first filing goes all ...
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Taking the Economy’s Temperature—Via Newspapers

Posted: May 1, 2009 at 10:56 am

Dow Jones says it can measure economic sentiment by reading the press. By Nancy Miller of The Big Money Just as a technological revolution is blowing up newsrooms across the ...
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SEQUENOM’s Next Wave of Issues: Lawyers (SQNM)

Posted: May 1, 2009 at 9:43 am

Sequenom, Inc. (NASDAQ: SQNM) is trading higher today after the huge implosion yesterday.  With a short interest of close to 30% of its whole float and with day traders and ...
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Factory & Manufacturing Data, Mixed to ‘Less-Bad’

Posted: May 1, 2009 at 9:16 am

The Institute for Supply Management released its manufacturing data for April and we also saw March Factory Orders. The April data from the ISM looks favorable compared with March and ...
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JPMorgan Cuts Banks: Reflections on Its Own Business (JPM, BAC, C, USB, WFC, STI, BRK-A)

Posted: May 1, 2009 at 8:51 am

J.P. Morgan Chase & Co. (NYSE: JPM) has issued a negative bank research call for the major money center and super-regional banks this morning.  Bank of America Corporation (NYSE: BAC), ...
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Chevron Clears Low Bar (CVX, XOM)

Posted: May 1, 2009 at 8:17 am

Chevron Corporation (NYSE:CVX) reported EPS for the first quarter of 2009 of $0.92, down 64% from EPS of $2.48 for the same period a year ago, but better than consensus ...
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Print Advertising At The Washington Post Down 33%, Kaplan Sales Bolster Top Line

Posted: May 1, 2009 at 7:44 am

The Washington Post (WPO) turned in earnings that showed just how important it is that the company owns the Kaplan education business. That results at Kaplan helped offset a 33% ...
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NRG Wins In Reliant Deal (NRG, RRI, EXC)

Posted: May 1, 2009 at 7:37 am

NRG Energy Inc. (NYSE:NRG) has completed its $287.5 million cash acquisition of Texas retail business of Reliant Energy Inc. (NYSE:RRI). This could have an impact on the ongoing battle over  ...
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Top 10 Analyst Calls (AMSF, AMCC, DMND, DLB, GDP, FLO, QLGC, RHT, SONS, URBN)

Posted: May 1, 2009 at 6:51 am

These are ten of the top research calls with upgrades and downgrades from Wall Street analysts this Friday morning: Amerisafe (AMSF) Raised to Outperform at Oppenheimer. Applied Micro Circuits (AMCC) ...
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Home Sales Show No Sign Of Recovery As Mortgage Rates Hit New Lows

Posted: May 1, 2009 at 5:04 am

Freddie Mac (FRE) reports that mortgage rates are at record lows with 30-year fixed-rate loans down to 4.78% The drop does not seem to be doing much for the housing ...
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Government Moves Toward Releasing Detailed Stress Test Results

Posted: May 1, 2009 at 4:51 am

Shares in some large banks are about to plunge. Reuters reports that "U.S. officials are leaning towards announcing the `stress test' results of individual banks next week instead of just ...
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