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Daily Archives: June 1, 2009

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JPMorgan’s $5 Billion Raise Swings FAS/FAZ (JPM, FAS, FAZ)

Posted: June 1, 2009 at 3:34 pm

Jamie Dimon really hates the TARP and he wants out from under it.  He's said how being forced to take the TARP money has allowed JPMorgan Chase & Co. (NYSE: ...
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DJIA Challenging 200-Day Moving Average

Posted: June 1, 2009 at 2:33 pm

The Dow Jones Industrial Average has been trading above its 50-day moving average since late-March.  But the 200-day moving average is a key metric for long-term traders.  The 200-day moving ...
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Stat of the Day: 1 Million Foreclosures Already in 2009 (XHB)

Posted: June 1, 2009 at 1:45 pm

The Center for Responsible Lending estimates that there have now been 1,000,000 foreclosures filed so far in 2009.  It also noted that the Mortgage Bankers Association's most recent data shows ...
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Western Refining Raising $300 Million Cash (WNR)

Posted: June 1, 2009 at 1:03 pm

Western Refining, Inc. (NYSE: WNR) has announced its intent to sell 14 million shares of common stock.  This would bring in gross proceeds of nearly $196 million at current prices.  ...
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ASCO Winner: Biovest May Be The Next Dendreon (BVTI, ABPIQ, DNDN)

Posted: June 1, 2009 at 12:23 pm

One of the largest percentage gainers with data released at the American Society of Clinical Oncology was none other than an OTC micro-cap company called Biovest International, Inc. (OTC: BVTI).  ...
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New Pre-IPO Financing Model, With NYSE Rather Than Around NYSE (NYX)

Posted: June 1, 2009 at 11:40 am

InsideVenture was there for the open at the NYSE Euronext (NYSE: NYX) today, and the company is trying to open up wider markets for venture-backed and late-stage companies to come ...
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Financing May Clean Up Jamba’s Books (JMBA, JAMBU, JMBAW)

Posted: June 1, 2009 at 10:47 am

Jamba, Inc. (NASDAQ: JMBA) has completed a sale of convertible preferred stock which raised $35 million in gross proceeds for the company. The funding was led by a $19.55 million ...
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Markets Learning to Grapple With Over 9% Unemployment

Posted: June 1, 2009 at 10:12 am

This Friday is going to mark the highest rates of unemployment that many investors and many in our producing economy have seen in their professional lifetimes.  The last time the ...
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Manufacturing & Construction Revival Seen

Posted: June 1, 2009 at 9:09 am

The Institute for Supply Management, or ISM, just posted the May reading for manufacturing activity.  The reading was 42.8, up from the Bloomberg consensus estimate reading of 42.0 and the ...
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DJIA Changes Weightings: Higher Tech & Financial (GM, C, CSCO, TRV)

Posted: June 1, 2009 at 8:23 am

Now that General Motors (NYSE: GM) is bankrupt, the Dow Jones Index Team has decided to announce its DJIA component changes.  In this change, there were two components changed rather ...
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Joe Public Starts Saving Rather Than Spending

Posted: June 1, 2009 at 7:41 am

This morning we got to see the Commerce Department's results showing a gain of +0.5% in income and a drop in spending of -0.1%.  We had estimates from Bloomberg at ...
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Lessons From A Personal Credit Crisis

Posted: June 1, 2009 at 7:12 am

John Tamny of RealClearMarkets What Edmund Andrews tells us about TARP.    While they were philosophical opposites when it came to most economic concepts, 20th century economists Ludwig Von Mises ...
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Top Analyst Upgrades (ANF, DLB, HMA, LPNT, NWS, THC, WFMI, YHOO)

Posted: June 1, 2009 at 6:56 am

These are the top earlybird analyst upgrades and positive research calls seen early this Monday morning: Abercrombie & Fitch (ANF) Raised to Outperform at FBR. Dolby Labs (DLB) Raised to ...
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Top Analyst Downgrades (CTAS, LEAP, SLE, TI)

Posted: June 1, 2009 at 6:51 am

There were only a few top analyst downgrades and cautious research calls from Wall Street firms this Monday morning. Cintas (CTAS) Cut to Neutral at Baird. Leap Wireles (LEAP) Cut ...
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Google (GOOG) Offers First Real Challenge To Amazon (AMZN) Kindle

Posted: June 1, 2009 at 5:09 am

Google (GOOG) is about to release an e-book program which will allow consumers to download content onto PCs and portable electronics devices. It is a direct competitor to Amazon's (AMZN) e-book ...
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