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Monthly Archives: June 2009

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Mini Earnings Season on Deck Thursday (PALM, ACN, MU, LEN, CAG, FINL, JTX, TIBX)

Posted: June 24, 2009 at 4:34 pm

Thursday is shaping up to be a miniature one-day version earnings season this week.  This is likely the last of the major earnings reports we'll see for another three or ...
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Nike, Just Barely… Or Almost (NKE)

Posted: June 24, 2009 at 3:24 pm

Nike Inc. (NYSE: NKE) is still trying to find its footing with its dominance during a nasty economy, no pun intended.  The sportswear, apparel, footwear, and equipment giant posted ...
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Ken Heebner Endorses Goldman Sachs and Morgan Stanley (CGMFX, GS, MS)

Posted: June 24, 2009 at 1:43 pm

Ken Heebner of CGM Funds is often a guest on CNBC after the FOMC decision on rates.  His sphere of great influence has withered as the CGM Focus Fund (CGMFX) ...
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FOMC Risks Inflation Tomorrow For Stability Today

Posted: June 24, 2009 at 1:21 pm

There was almost no chance of any formal change to interest rates today.  Everyone has been speculating that the FOMC has been looking for an end-game away from the ...
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As The Rich Squirm: A Take of Two Luxury Goods Brands (COH, TIF)

Posted: June 24, 2009 at 11:39 am

In a recession, the poor get poorer, and as Merrill Lynch study today suggests, the poor get poorer still, which has forced Coach Inc. (NYSE: COH) to make big changes ...
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Buffett Opines on Green Shoots, Inflation, Apple Disclosure, and Bernanke (BRK.A, BRK.B, WFC, AAPL)

Posted: June 24, 2009 at 11:05 am

Warren Buffett of Berkshire Hathaway, Inc. (NYSE: BRK.A) (NYSE: BRK.B) just gave an interview to CNBC's Becky Quick ahead of the "Power Lunch" segment.  As far as green shoots in ...
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Does ‘Going Concern’ Removal Change MGM’s Position? (MGM)

Posted: June 24, 2009 at 9:31 am

Last night we had an interesting volume spike alert in the after-hours trading in shares of MGM Mirage (NYSE: MGM).  It turns out that the spike was because the company's ...
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Cheering Poor New Home Sales (XHB)

Posted: June 24, 2009 at 9:14 am

The data on new home sales for the month of May is going to be a disappointment even for the green shoots crowd, at least on the surface.  Sales of ...
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Will Monsanto Ultimately Jettison Roundup and Herbicides Operations? (MON)

Posted: June 24, 2009 at 8:12 am

Monsanto Co. (NYSE: MON) posted a drop in third-quarter earnings to $694 million, or $1.25 EPS.  That compares to $811 million, or $1.45 EPS, a year ago.  Revenue fell to ...
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Surprising Durability In Durable Goods

Posted: June 24, 2009 at 7:44 am

The report for May's Durable Goods came in better than expected at +1.8%, and that is still up at +1.1% when you remove transportation from the report.  Even on an ...
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Rite Aid, No New Surprises (RAD)

Posted: June 24, 2009 at 7:19 am

Rite Aid Corp. (NYSE: RAD) is getting a bit of a boost after earnings, despite there being no major success nor a major turnaround in the near future.  The drug ...
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Top 10 Analyst Upgrades and Downgrades (ADTN, ADS, BA, LFC, DB, EMC, FCX, FSYS, WFR, RVBD)

Posted: June 24, 2009 at 6:25 am

These are the top ten analyst calls of upgrades, downgrades, and initiations we have seen from Wall Street early this Wednesday morning with more than two hours until the market ...
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Could Banks Have To Close To Solve Severe Problems?

Posted: June 24, 2009 at 5:25 am

One of the most respected financial newsletters in the country is predicting that the federal government may have to call a "bank holiday" like the one that FDR mandated during ...
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Bogus Home Appraisals May Derail Real Estate Recovery

Posted: June 24, 2009 at 5:10 am

A huge number of home value appraisals may be wrong, with most of them being much too high. That is causing banks to back away from mortgages. A house that ...
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China’s Goal To Become World’s Largest Economy Back On Track

Posted: June 24, 2009 at 4:57 am

China's drive to become the world's largest economy appears to be back on track again. The Organization for Economic Cooperation and Development raised its forecast for GDP growth in the ...
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