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Monthly Archives: July 2009

CIT: The Bank That Bailed Out Itself

Posted: July 27, 2009 at 7:09 am

John Tamny of RealClearMarkets Not too long ago, it was broadly assumed that mid-level lender CIT Group would go bankrupt. With its executives having staked the firm's survival on receipt ...
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Top 10 Analyst Upgrades and Downgrades (ADSK, BA, BEAV, EXC, OXPS, RCL, UNH, TROW, WU, AUY)

Posted: July 27, 2009 at 6:45 am

These are this Monday morning's top ten Wall Street analyst upgrades, downgrades, and initiations we have seen with close to 2 hours until the market opens: Autodesk (ADSK) Cut to ...
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bank

Bernanke TV

Posted: July 27, 2009 at 5:12 am

For reasons that will probably always remain a mystery to the broader public, Fed chair Bernanke went to Kansas City this past weekend to defend his record at a town ...
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gas

Gasoline Prices Continue Sharp Slide

Posted: July 27, 2009 at 4:39 am

One of the concerns economists have is that rising oil prices could derail a recovery from the recession, particularly if crude moves back above $70 and stays there. Gasoline prices ...
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apple

Apple’s (AAPL) Plan To Pump Up iTune Sales

Posted: July 27, 2009 at 4:25 am

Apple (AAPL) already has the world largest digital music store, iTunes, based on most industry measurements. It plans to expand that dominant position in a fashion that will help both ...
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airplane

IBM’s (IBM) Relocation To India

Posted: July 27, 2009 at 4:12 am

One of the concerns analysts have about the nature of second quarter earnings is that they are beating forecasts due to cost cuts and not improvements in revenue. Cost cuts ...
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uncle sam

Tax The Fat To Fund Healthcare

Posted: July 27, 2009 at 4:06 am

The cost of the Administration’s healthcare plan is $1 trillion, give or take several billion dollars, based on how the program looks in its final form. The proposal is facing ...
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wii

Madden 2010 Sales To Fuel GameStop (GME)

Posted: July 27, 2009 at 3:55 am

Over the past week, the 24/7 Wall St./The Channel Checkers poll surveyed Gamestop and EB Games stores across the United States to track sales trends of gaming consoles and video games.  ...
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Ann

Macy’s (M) sales seen improving–The 24/7 Wall St./The Channel Checkers Survey

Posted: July 27, 2009 at 3:49 am

Over the past week, the 24/7 Wall St./The Channel Checkers poll surveyed various Macy (M) stores to track sales and business levels in July.  We asked the following questions: 1. How is business ...
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newspaper

Media Digest 7/27/2009 Reuters, WSJ, NY Times, FT, Bloomberg

Posted: July 27, 2009 at 3:02 am

Reuters:   Airline on-board entertainment systems face competition from handheld devices like the Apple (AAPL) iPod. Reuters:   Bernanke will be on PBS to take his message about Fed plans to a ...
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Asia Markets 7/27/2009

Posted: July 27, 2009 at 2:31 am

Markets in Asia were mostly higher. The Nikkei rose 1.5% to 10,089. The Hang Seng was up 1.4% to 20,254. The Shanghai Composite rose 1.9% to 3,435. At the open ...
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bear

Short Interest Highlights: Out Of Banks And Into GE (GE)

Posted: July 25, 2009 at 10:00 am

Short sellers are will to bet, at least for now, that the worst of the banking earning crisis is over. Short interest in a number of large financial companies fell ...
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Can Citigroup (C) Renege On $100 Million Pay Package?

Posted: July 25, 2009 at 6:32 am

According to The Wall Street Journal, the head of the Citigroup (C) energy trading unit has a contract that could bring him as much as $100 million in compensation this ...
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mack

Investors Flee Full-Service Brokers

Posted: July 25, 2009 at 6:16 am

Many investors feel that their brokers led them astray when the market collapsed. Brokers may not have suggested moving money to safe havens, or they may have suggested that clients ...
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Warren Buffett Isn’t The Answer For CIT (CIT, BRK-A, LUK)

Posted: July 24, 2009 at 1:19 pm

Here comes another weekend, and here comes another round of questions about the fate of CIT Group, Inc. (NYSE: CIT).  While there were reports that Warren Buffett via Berkshire Hathaway ...
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