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Monthly Archives: August 2009

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BofA Sees Big Upside in Citigroup (C, BAC)

Posted: August 14, 2009 at 8:59 am

Citigroup, Inc. (NYSE: C) is trading higher this morning on an analyst upgrade. This would probably be a much more important call had financials not run so much.  Bank of ...
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The Taming of the Inflation Shrew

Posted: August 14, 2009 at 8:44 am

This morning's data from the Labor Department on the Consumer Price Index was released for July, and the inflation hawks out there are going to have to keep saying "It's ...
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Top 10 Analyst Upgrades and Downgrades (AMGN, AVY, COLM, DSGX, EJ, JASO, KG, SCSS, SPWRA, THC)

Posted: August 14, 2009 at 7:51 am

These are the ten top analyst upgrades,downgrades, and initiations we have seen early this Friday morning with roughly two hours until the market opens: Amgen (AMGN) Cut to Hold at ...
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A Strange New World: A Bidding War For An Airline

Posted: August 14, 2009 at 6:15 am

Airline analysts are worried that some US carriers will have to make huge cost cuts or face Chapter 11 filings later this year. The rising cost of jet fuel and ...
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Home Sellers Cut Asking Prices By $27.8 Billion

Posted: August 14, 2009 at 6:05 am

The housing market is recovering and then it isn't. New data from Trulia says that Americans cut the prices on their homes by an aggregate of $27.8 billion in the ...
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No Recovery For Video Games

Posted: August 14, 2009 at 5:47 am

Just when it looked like consumer spending might pick up, one of the hottest retail sectors, at least a year ago, video games, fell apart. In July, the industry had ...
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The Failures Of Alternative Energy

Posted: August 14, 2009 at 5:05 am

It was a bad sign when T Boone Pickens gave up, at least partially, on building a  mammoth wind farm in Texas. The process was not only going to be ...
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The Fates Conspire Against The Housing Market

Posted: August 14, 2009 at 4:52 am

Two pieces of information came into the market today, both about the trouble housing situation. The foreclosure filings and the interest rates on 30-year fixed rate mortgages affect the housing ...
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Media Digest 8/14/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: August 14, 2009 at 4:08 am

Reuters:   The Chinese are learning the problem of easy access to credit cards. Reuters:   The US recovery is still slow while France and Germany are rebounding. Reuters:   UBS (UBS) clients ...
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Asia Markets And Europe Open 8/14/2009

Posted: August 14, 2009 at 3:27 am

Markets in Asia were mixed. The Nikkei rose .8% to 10,597. The Hang Seng fell .7% to 20,724. China Life (LFC) fell over 2%. The Shanghai Composite traded down 3% ...
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Blackstone (BX) Chief Makes $702 Million

Posted: August 13, 2009 at 5:54 pm

The thoughts of restricting the pay packages of the CEOs of public companies may be in the air, but new data on chief executive compensation show that boards of directors ...
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Sirius XM Catches S&P Upgrade (SIRI)

Posted: August 13, 2009 at 12:48 pm

Sirius XM Radio Inc. (NASDAQ: SIRI) has caught a debt upgrade from Standard & Poor's.  The cited reasons were that the liquidity position has improved after debt refinancings, and also ...
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Secondary Offerings Run At Market Flood Rates (MPEL, GSIC, AWK, GLDD, YSI, TBBK, HMPR, SBCF, CADE, UMPQ)

Posted: August 13, 2009 at 11:52 am

It is one thing that we had two fairly large IPOs this week.  But the flood of public secondary stock offerings is almost running at alarming levels when you consider ...
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24/7 Wall St. TV: Starbucks (SBUX) Brand Value Drops 40%

Posted: August 13, 2009 at 11:41 am

Starbucks (SBUX) brand value dropped 40% to $7.3 billion. Starbucks ran the playbook on hurting a brand’s value. The public perceived that it did not offer enough value for the ...
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New Biotech Survey Says Sector Will Outperform

Posted: August 13, 2009 at 11:30 am

Biotechnology Industry Organization (BIO.org) has conducted a survey of 80 investors, analysts, and venture capital executives with Thomson Reuters to preview their opinions of the biotech sector and expectations for ...
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