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Monthly Archives: August 2009

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Rig Counts Not Just Bottoming… They Grew (BHI, OIH)

Posted: August 7, 2009 at 8:56 am

Baker Hughes Incorporated (NYSE:BHI) shows weekly data on its rig counts it sees, but this morning it has announced its rig counts for the full month of July. Higher energy ...
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Reading Jobs Data With Disbelief

Posted: August 7, 2009 at 8:45 am

The unemployment rates and jobs data almost does not add up on the surface. Some of this may boil down to seasonality issues, but many traders are scratching their heads ...
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Top 10 Analyst Upgrades & Downgrades (CROX, FTE, MMC, PCS, WTR, LEAP, NVO, RRGB, TI, TRI)

Posted: August 7, 2009 at 8:00 am

Everyone is on hold for jobs data, but there are still pre-market research calls.  These are the top ten analyst calls we saw for upgrades and downgrades this Friday morning: ...
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AIG (AIG): Wall St.’s Miracle Child, Posts A Profit

Posted: August 7, 2009 at 7:38 am

AIG (AIG) was never supposed to post a profit again. It was too badly down on its luck, even after taking in $180 billion in taxpayer money. It frustrated CEO ...
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Google (GOOG): The World Most Valuable Brand At $100 Billion

Posted: August 7, 2009 at 6:14 am

New data from Millward Brown, the brand evaluation firm, shows that Google (GOOG) is the world's most valuable brand with a valuation of just over $100 billion. That is well ...
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More Evidence That GM Should Relocate To China

Posted: August 7, 2009 at 5:55 am

GM says it will sell 1.4 million cars in China this year. It sold about 180,000 in the US in July. The critical difference between its costs in the two ...
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Citigroup (C) May Give Up On Phibro

Posted: August 7, 2009 at 5:36 am

Pressure from the government may be forcing Citigroup's (C) hand. Its Phibro energy group has generated $2 billion in profit over the last five years, but it has cost the ...
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Bank Of America’s Secret Deal To Buy Merrill Lynch

Posted: August 7, 2009 at 4:36 am

Bank of America (BAC) announced that it would buy Merrill Lynch for $50 billion on September 15 of last year. It was one of the largest M&A transactions in the ...
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Media Digest 8/7/2009 Reuters, WSJ, NY Times, FT, Bloomberg

Posted: August 7, 2009 at 4:05 am

Reuters:   A college education no longer means easy employment in China. Reuters:   Fannie Mae (FNM) lost $14.8 billion. Reuters:   The auto "clunkers" legislation passed the Senate. Reuters:   Obama is in ...
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Asia Markets And Europe Open 8/7/2009

Posted: August 7, 2009 at 3:24 am

Markets in Asia were mixed The Nikkei rose .2% to 10,412. The Hang Seng fell 1.5% to 20,596. China Mobile (CHL) rose sharply. The Shanghai Composite dropped 2.7% to 3,281. ...
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Another $10.7 Billion For Fannie Mae (FNM)

Posted: August 6, 2009 at 7:28 pm

For those who want to know how much worse that housing market is getting they need look no further that the quarterly results of Fannie Mae (FNM). The mortgage operation ...
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NVIDIA Returns To Profits One Quarter Early (NVDA, AMD)

Posted: August 6, 2009 at 4:48 pm

NVIDIA Corporation (NASDAQ: NVDA) is back to profitability.  Yep, profits. The graphics chipset leader posted $0.07 non-GAAP EPS.  This is down almost half from last year's $0.13 EPS, but it ...
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Crocs Cash For Clunkers Earnings (CROX)

Posted: August 6, 2009 at 4:26 pm

Crocs, Inc. (NASDAQ: CROX) is soaring in the after-hours session on its earnings report.  The numbers were ahead of plan enough that many might think Crocs was the winner in ...
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Buffett & Berkshire Earnings Likely Get Last Laugh On Derivatives (BRK-A)

Posted: August 6, 2009 at 1:18 pm

Warren Buffett and Berkshire Hathaway Inc. (NYSE: BRK-A) will get much of the attention after the big jobs report on Friday.  The insurance giant, holding company, and conglomerate reports earnings ...
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Charts vs. Fundamentals: How High Can Gold Go? (GG, ZLC, GLD, GDX, ABX)

Posted: August 6, 2009 at 11:18 am

This morning's move in gold may have seemed like an anomaly as gold briefly traded up over $970.00 per ounce.  The shiny yellow stuff rose $2.28 at $964.78 as of ...
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