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Daily Archives: June 23, 2009

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Despite Sell-Off, Some Techs on 52-Week Highs (ARUN, ELOY, PWRD, STAR)

Posted: June 23, 2009 at 4:28 pm

There is an interesting line-up of tech stocks which hit 52-week highs today.  This is despite the wave of selling and profit taking we have seen.  We saw several hit ...
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Oracle Mixed Bag As Acquisitions Not In Numbers Yet (ORCL, JAVA)

Posted: June 23, 2009 at 3:08 pm

Larry Ellison and friends over at Oracle Corp. (NASDAQ: ORCL) just reported earnings.  The enterprise software giant posted $0.46 EPS EPS and $6.9 billion in revenues.  Thomson Reuters had estimates ...
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More Reverse Splits, or Just Closure, Possible or Needed in ETFs (FAS, FAZ, UYG, BAC, BHH, ARBA, IIH, AKAM, VRSN, UNG, USO, GLD, SDS, SPY, NYX, NDAQ)

Posted: June 23, 2009 at 12:42 pm

We have been large fans of exchange-traded funds, exchange-traded notes, and other exchange-traded instruments which are open for trade throughout the day that are allowed to be invested in just ...
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Tesla Scores Major DOE Loan

Posted: June 23, 2009 at 9:50 am

Tesla Motors is getting a solid backer above and beyond any investment: Uncle Sam.  The company announced that it has received approval for about $465 million in low-interest loans, from ...
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Existing Homes Sales Bump, Very Misleading

Posted: June 23, 2009 at 9:26 am

While existing home sales are not a true barometer of new home sales, there was at least a bump up in existing home sales for May.  This rise of 2.4% ...
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Private Equity To Office Depot Rescue (ODP, OMX, SPLS)

Posted: June 23, 2009 at 8:38 am

Office Depot, Inc. (NYSE: ODP) has recovered substantially off of its March lows, but the stock is bruised and battered when you consider it hit $40.00 in late 2006.  But ...
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Boeing Burning Money With Another 787 Dreamliner Delay (BA)

Posted: June 23, 2009 at 8:19 am

Boeing Co. (NYSE: BA) has announced yet another delay to the 787 Dreamliner.  The aerospace giant has announced that first flight of the 787 Dreamliner will be postponed due to ...
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Moody’s Takes Another Swipe At US Sovereign Rating, Sort Of

Posted: June 23, 2009 at 7:29 am

Before you think there is a reaffirmed "Aaa" rating from Moody's Investor Services, this was spoken at a conference.  Reuters reported that the Moody's team head over the Sovereign Risk ...
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What Van Hoisington’s Low Inflation Outlook Misses

Posted: June 23, 2009 at 7:14 am

By John Tamny of RealClearMarkets  In a recent speech before the clients of research firm Applied Finance Group, Entropy Economics president Bret Swanson showed an ad from 1989 which featured ...
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A Surprise Upgrade of Motorola (MOT, PALM)

Posted: June 23, 2009 at 7:10 am

If you can believe it, an analyst is raising the rating on Motorola Inc. (NYSE: MOT).  It is not even a boutique brokerage firm.  Bank of America Merrill Lynch has ...
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Top Analyst Upgrades & Downgrades (BHP, BPI, CAG, COP, ETFC, FDX, MRVL, RTP, SONC, SBUX)

Posted: June 23, 2009 at 6:25 am

These are the top ten early bird analyst upgrades and downgrades from Wall Street early this Tuesday morning with more than two hours until the market opens. BHP Billiton (BHP) ...
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Intel (INTC) To Start Handset Chip Price War, Help Mobile Consumers

Posted: June 23, 2009 at 5:16 am

Intel (INTC) means to push deeply into the mobile chip market. That is bad news for the two companies that own most of the territory now--TI (TXN) and Qualcomm (QCOM). ...
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Will Apple (AAPL) iPhone Sales Cause A New Recession?

Posted: June 23, 2009 at 4:56 am

Apple (AAPL) sold more than one million of its new iPhones over the weekend. The costs of those handsets could have been $300 million, and that does not include the ...
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Toyota (TM): 100 MPG By 2015, Or Bust

Posted: June 23, 2009 at 4:37 am

Toyota's (TM) new management means to use every tool at its disposal to bring down the amount of fuel its cars need to operate as the price of oil continues to ...
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Wal-Mart (WMT) Under Siege For Extravagant Ad Claim

Posted: June 23, 2009 at 4:22 am

Shoppers can save $700 billion a year shopping in Wal-Mart (WMT), according to the company. It actually can't come up with facts to support that claim. Wal-Mart would have to know ...
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