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Daily Archives: May 28, 2009

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Dell Calls For Powerful Replacement Cycle (DELL)

Posted: May 28, 2009 at 3:11 pm

Dell Inc. (NASDAQ: DELL) has just reported earnings of $0.24  EPS on $12.342 billion in revenue.  Thomson Reuters had estimates at $0.23 EPS and $12.66 billion in sales.  The main ...
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GM Not Government Motors, Goner Motors (GM)

Posted: May 28, 2009 at 12:27 pm

General Motors Corporation (NYSE: GM) is getting closer and closer to what is an obvious bankruptcy with the June 1 deadline looming.  This morning came the news that GM's bondholders ...
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Leveraged ETF’s Weigh Bank Preferred Redemptions (FAS, FAZ, UYG, SKF, PGF, BAC, JPM, WFC, GS, C)

Posted: May 28, 2009 at 11:27 am

The triple-leverage financial ETFs of Direxion Daily Financial Bull 3X Shares (NYSE: FAS) and Direxion Daily Financial Bear 3X Shares (NYSE: FAZ) are getting to deal with yet another potential ...
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Oil Inventories Plummet, Regardless of OPEC Production Targets (USO)

Posted: May 28, 2009 at 10:14 am

OPEC had noted that it would keep production levels unchanged, but also argued for a $75 ideal oil price.  Whether or not the cartel that does not want to be ...
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Kuwait, Sinopec Building New Refinery in China (SNP, RDS-A, DOW)

Posted: May 28, 2009 at 9:39 am

The Kuwaiti state oil company, Kuwait Petroleum Corporation, and China Petroleum and Chemical Company, known as Sinopec, (NYSE: SNP) are well along on plans to build a new 300,000 barrel ...
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Notions of Housing Recovery Only Seem Relative To Price (XHB)

Posted: May 28, 2009 at 9:25 am

The Commerce Department data for April's new home sales looks good on the surface, but there are perhaps more problems than there are winners here.  On an annualized basis, there ...
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Battery Maker Rakes in $10 Million Funding (ABAT)

Posted: May 28, 2009 at 9:05 am

Chinese lithium-ion battery maker Advanced Battery Technologies, Inc. (NASDAQ: ABAT) will sell $10 million worth of preferred stock and warrants to three institutional investors. The warrants, which are 180-day Class ...
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Trina, A Bit of Sunshine in the Solar Space (TSL)

Posted: May 28, 2009 at 8:29 am

Another Chinese integrated PV solar maker, Trina Solar Limited (NYSE:TSL) has reported less than was expected for its first quarter 2009. The net loss per fully diluted ADS was -$0.42, ...
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Ahead of E3, Microsoft Shows 30 Million Xbox 360 Users (MSFT)

Posted: May 28, 2009 at 8:23 am

Microsoft Corp. (NASDAQ: MSFT) is making some strong projections and updates for its Xbox video gaming system.  The company noted that global sales of the Xbox 360 unit have now ...
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There’s Still a Market for Ethanol (GPRE, VLO)

Posted: May 28, 2009 at 8:00 am

A (very) small cap ethanol producer, Green Plains Renewable Energy Inc. (NASDAQ: GPRE), has agreed to buy two ethanol plants formerly owned by now-bankrupt VeraSun Energy Corp. The owner of ...
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Jobless Army Approaches 7 Million

Posted: May 28, 2009 at 7:42 am

Weekly Jobless Claims just came out from the Labor Department and the most recent data shows a drop of 13,000 on a revised basis to 623,000.  The data from the ...
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Top Analyst Upgrades & Downgrades (ADSK, AVY, CAT, DFS, FEIC, BEN, JWN, PMTC, SLB, VECO)

Posted: May 28, 2009 at 6:35 am

These are some of the top pre-market analyst calls with upgrades and downgrades from Wall Street firms this Thursday morning with more than two hours until the market opens: AutoDesk  ...
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bear

Server Sales, A Proxy For IT Spending, Take A Hit (HPQ)(IBM)(DELL)(INTC)(AMD)

Posted: May 28, 2009 at 5:29 am

A drop in server sales is bad news for companies that build them including HP (HPQ), IBM (IBM), and Dell (DELL) and the firms that supply chips--AMD (AMD) and Intel ...
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bear

As Parts Company Visteon Goes Bankrupt, Car Industry Faces Another Challenge

Posted: May 28, 2009 at 5:06 am

Car parts maker Visteon is is going into Chapter 11 and if a number of its peers follow it, there is a chance that the supply of components to US ...
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Winter

Google (GOOG) Deal Will Hurt News Corp (NWS) Earnings

Posted: May 28, 2009 at 4:55 am

Google (GOOG) has a three-year deal to sell search advertising on News Corp's (NWS) huge social network MySpace. The arrangement will soon be up for renewal. Google did not get ...
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