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Daily Archives: June 12, 2009

oil

Revisiting Consumer Sentiment: Looking At The Future

Posted: June 12, 2009 at 11:14 am

The University of Michigan/Reuters consumer sentiment numbers almost containly contain too much data. A careful reading of the figures show that they often conflict with one another leaving nothing but ...
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Secondary Issuers Getting Hit (AMP, ATPG, ERIC, MI, VMC)

Posted: June 12, 2009 at 10:24 am

We are seeing some active trading in the stocks which raised capital via secondary offerings today.  These are all down except for one and today's hopper has Ameriprise Financial Inc. ...
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bear

Savient (SVNT) Rises 55% On Bad News

Posted: June 12, 2009 at 8:49 am

Shares in pharma firm Savient (SVNT) are up 55% to $9.13 on what would appear to be very bad news. The FDA issued a statement saying it has safety concerns about the company's ...
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chrysler

Auto Industry Light At The End Of The Tunnel?

Posted: June 12, 2009 at 8:31 am

There may be a tiny pinhole of light at the end of the auto sales depression tunnel. VW said its global shipments rose 1.5% last month. It is not much, ...
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burning-money-pic

B of A Cuts TARP Giants (BAC, JPM, GS, MS)

Posted: June 12, 2009 at 7:49 am

Bank of America Merrill Lynch (BofA-Merrill), the new name for the brokerage arm of Bank of America Corporation (NYSE: BAC),  has come out this morning with a cautious call on ...
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Top Analyst Upgrades (ARMH, ASML, BSX, CLX, GR, IFX, LAZ, SKS, SNIC, VICL)

Posted: June 12, 2009 at 6:31 am

These are some of the top pre-market analyst upgrades and positive research calls we have seen from Wall Street early this Friday morning with more than two hours until the ...
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Top Analyst Downgrades (ABB, AKS, CME, ERIC, HMC, NOK, SKH)

Posted: June 12, 2009 at 6:27 am

These are the top pre-market analyst downgrades and cautious research calls we have seen from Wall Street early this Friday morning with more than two hours until the market opens: ...
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oil-well-image1

At $70 Oil, Major Oil Stocks Still Look Cheap (COP, XOM, CVX, MUR, PBR, PTR, VLO)

Posted: June 12, 2009 at 5:15 am

We keep getting asked a single question from readers and from our own industry and professional contacts: Are Oil Stocks Cheap? There is a very simple answer in today's markets: ...
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wii

Video Game Sales Still Bleeding, Xbox And PS3 Gain Ground

Posted: June 12, 2009 at 4:57 am

Video game and game console systems sales plunged in the US in May. According to industry research group NPD, software sales were down 17% to $449 million and sales of ...
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bank

BlackRock (BLK) Buys Barclays (BCS) Unit: Money Still Available For Sterling Deals

Posted: June 12, 2009 at 4:36 am

BlackRock (BLK), the top-tier money management firm, showed that large M&A transactions can be closed, even in a tight economy, if the buyer has a sterling reputation and long-term record ...
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house

A Sign Of Bottom In Mortgage Delinquencies?

Posted: June 12, 2009 at 4:17 am

Large credit rating agency Equifax believes that the rate at which mortgage delinquencies have been rising has moderated and may have found a bottom. According to Reuters, "While the year-over-year ...
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bear

The World Bank’s Dark Vision

Posted: June 12, 2009 at 4:01 am

The seers at the World Bank have broken with most other forecasters and believe that global GDP will contract violently this year and may not recover next year. According to ...
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tobacco

The Tobacconist’s Lament: The Government’s Campaign Against Cigarettes And Fast Food

Posted: June 12, 2009 at 3:42 am

Congress has finally come within a day or two of finalizing a bill the will have the FDA regulate the tobacco industry. The markets of cigarettes, cigars, and chew have ...
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newspaper

Media Digest 6/12/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: June 12, 2009 at 2:53 am

Reuters:  Baclays (BCS) sold BCI to Blackrock (BLK) for $13.3 billion Reuters:   WHO declared a flu epidemic Reuters:   Congress bash Fed, Treasury, and B of A (BAC) on Merrill Reuters:   ...
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china

Asia Markets And Europe Open 6/12/2009

Posted: June 12, 2009 at 2:24 am

Markets in Asia were mixed. The Nikkei rose 1.5% to 10,136. The Hang Seng was down .3% to 18,737.  HSBC (HBC) was up almost 4%. The Shanghai Composite fell 1.9% ...
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