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Monthly Archives: May 2009

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Forgiving A Mistake In The Federal Budget

Posted: May 12, 2009 at 4:13 am

The Administration says that the budget deficit for the current fiscal year will be 5% higher than previously forecast which will puts the number above $1.8 trillion. The spread between ...
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Winter

Microsoft’s (MSFT) Debt Issue: The Ethics Of Giving Shareholders A Payout

Posted: May 12, 2009 at 4:02 am

Microsoft (MSFT) said it plans to make its first bond offering to raise an expected $3.75 billion. The move is extremely odd since the world’s largest software company has $25 ...
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Short Sellers Move Into Banks, Out Of Tech (C)(BAC)(WFC)(DELL)(INTC)(CSCO)(MSFT)

Posted: May 12, 2009 at 3:18 am

Short sellers may have helped themselves by moving out of tech stocks just as shares in the sector began to make big advances. In the period ending. May 11, short interest in Microsoft ...
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Media Digest 5/12/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: May 12, 2009 at 3:01 am

According to Reuters, Bernanke says he was encouraged by the stress tests. Reuters reports that GM (GM) will probably exit the Dow. Reuters writes that Bank of America (BAC) will ...
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Sunset

Asia Markets And Europe Open

Posted: May 12, 2009 at 2:31 am

Markets in Asia were mixed. The Nikkei fell 1.6% to 9,299. The Hang Seng rose .6% to 17,191. The Shanghai Composite rose 1.5% to 2,618. In Europe, the FTSE was ...
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A Profitable MBIA… The Possible Impossibility (MBI, ABK)

Posted: May 11, 2009 at 4:34 pm

MBIA Inc. (NYSE: MBI) was on our schedule to report earnings tomorrow, but the troubled and former largest bond insurer somehow managed to post a profit for the quarter.  We ...
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Ford Motor Unloading More Shares To Raise Cash (F)

Posted: May 11, 2009 at 3:30 pm

Ford Motor Company (NYSE: F) has announced that it will raise capital via a registered public offering of some 300 million shares of common stock.  At the closing price of ...
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Anadarko Raising Cash (APC)

Posted: May 11, 2009 at 3:21 pm

Anadarko Petroleum Corporation (NYSE: APC) has announced that it will be raising cash via a public secondary of its common stock.  The exploration and production company in the oil and ...
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Microsoft Debt Could Further Save Corporate Bond Markets (MSFT)

Posted: May 11, 2009 at 2:32 pm

There is something far more important than the Microsoft Corporation (NASDAQ: MSFT) bond offering. It is even more important than why the company is raising the money.  This Microsoft bond ...
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bank

The 24/7 Wall St.-The Channel Checkers Survey: Cheap Brands Selling At Wal-Mart (WMT)

Posted: May 11, 2009 at 12:41 pm

Over the past week, we surveyed Walmart (WMT) stores to gauge trends at the largest bix box chain in the U.S.  We asked the following questions: 1. How is business this ...
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bear

24/7 Wall St.-The Channel Checkers: Zimiez (ZUMZ) Sales Still Weak

Posted: May 11, 2009 at 10:38 am

Over the past week, 24/7 Wall St.-The Channel Checkers surveyed Zumiez (ZUMZ) locations to gauge trends in the surf wear and skate wear clothing market.  We asked the following questions: 1. Has ...
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The World’s Best CEOs

Posted: May 11, 2009 at 10:28 am

In the right hands, big turnarounds do happen. By Mark Gimein of The Big Money Once upon a time, there was a car company that was one of the world's ...
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bear

The Administration Raises Budget Deficit Figure 5%

Posted: May 11, 2009 at 10:15 am

The Administration today raised its estimate for the federal budget for this fiscal year by $89 billion, 5%, to $1.84 trillion. The new, higher number is nearly the same as ...
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Sunset

24/7 Wall St.-The Channel Checkers Survey: Dell (DELL) Solid Results

Posted: May 11, 2009 at 9:51 am

According to data from the 24/7 Wall St.-The Channel Checkers survey, Dell (DELL) is doing extremely well in the consumer retail part of the PC industry. Over the past week, ...
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FAS/FAZ Dealing With Billions of Dollars of Securities Sales from Members (FAS, FAZ, BBT, COF, PFG, WFC, USB)

Posted: May 11, 2009 at 8:50 am

The triple leverage ETF's, the Direxion Financial Bull 3X Shares (NYSE: FAS) and Direxion Financial Bear 3X Shares (NYSE: FAZ), are perhaps the most volatile of all financial-stock ETF's.  This ...
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