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Monthly Archives: October 2009

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Key Secondary Offerings (BEXP, MAC, MI, NARA, WTNY, EURX)

Posted: October 22, 2009 at 9:28 am

We have many key secondary offerings on deck today.  Brigham Exploration (NASDAQ: BEXP), Macerich Co. (NYSE: MAC), Marshall & Ilsley (NYSE: MI), Nara Bancorp (NASDAQ: NARA), and Whitney Holding (NASDAQ: ...
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Today’s Best Market Rumors (10/22/2009) (PG)(NYT)(MSFT)

Posted: October 22, 2009 at 8:44 am

Updated throughout the day. Update 11.03 AM EST  P&G (PG) may buy the household prooducts unit of Sara Lee (various) Brian Moynihan, a Bank of America (NYSE:BAC) executive and possible ...
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Jobless Claims Heading Wrong Direction, Again

Posted: October 22, 2009 at 8:36 am

The Labor Department has just issued its report on weekly jobless claims.  The hopes that we'd finally get back under 500,00 were dashed as the claims rose by a revised ...
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Positive Earnings Show From All 5 DJIA Components (T, MCD, MRK, MMM, TRV)

Posted: October 22, 2009 at 8:28 am

We have seen earnings from five of the thirty DJIA components this morning alone.  All were above expectations, even if some of the year over year comparisons do not look ...
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Top 10 Analyst Upgrades, Downgrades, Initiations (CHK, EOG, FFIV, FCX, MOT, NVLS, SAP, STJ, STM, TSCO)

Posted: October 22, 2009 at 8:13 am

These are this Thursday morning's top ten analyst upgrades, downgrades, and initiations we have seen from Wall Street research calls: Chesapeake Energy (NYSE: CHK) Cut to Neutral at UBS. EOG ...
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Paul Krugman, and the Middle-Class Champion Myth

Posted: October 22, 2009 at 8:12 am

By John Tamny In a world full of paradoxes, Princeton economics professor and New York Times columnist Paul Krugman has become rich decrying what he deems "income inequality." Only in ...
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uncle sam

US Could Lose “AAA” Rating–Moody’s

Posted: October 22, 2009 at 7:54 am

Moody's (NYSE:MCO) lead analyst covering US debt said that the Amercan goverment could lose its "AAA" rating if it cannot cut the deficit and budget gaps in the next three to ...
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Is Twitter The Next Hula Hoop?

Posted: October 22, 2009 at 6:01 am

Microsoft (NASDAQ:MSFT) and Google (NASDAQ:MSFT) have each formed a partnership with micro- blogging company Twitter. The search engines at the firms will survey the real time "tweets" , which are small text ...
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chrysler

Hyundai Sales Soar As It Becomes The New Car King

Posted: October 22, 2009 at 5:41 am

Hyundai Motors has done what no other global car company has--grown through the recession. The Korean operation released financial results. It believes it will sell over three million cars this year ...
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ewis

The Pay Czar’s Day In The Sun

Posted: October 22, 2009 at 5:24 am

Pay czar Kenneth Feinberg has already effectively clipped the compensation wings of Bank of America (NYSE:BAC) CEO Ken Lewis by taking away all of his 2009 compensation. Feinberg now plans to ...
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china

The China Miracle Meets Wal-Mart (NYSE:WMT) Price Cuts

Posted: October 22, 2009 at 4:09 am

China's GDP rose 8.9% amid talk that the increase was caused by the nation's $585 billion stimulus package and not a significant improvement in its huge manufacturing and export engine. ...
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Media Digest 10/22/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: October 22, 2009 at 3:48 am

Reuters:   China's GDP rose 8.9% and the government said it would stick with its liberal monetary policies. Reuters:   Larry Summers said the US recovery is on track. Reuters:   More Americans ...
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china

Asia Markets And Europe Open (10/22/2009)

Posted: October 22, 2009 at 3:17 am

Markets is Asia were mostly lower. The Nikkei dropped 6% to 10.297. Mitsubishi UFJ (NYSE:MTU) fell and Honda (NYSE:HMC) rose. The Hang Seng was down 1% to 22,098. China Mobile ...
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biotech

Amgen (AMGN) Earnings Bump Up

Posted: October 21, 2009 at 4:38 pm

Amgen (NASDAQ:AMGN) had a strong quarter. Biotech has been the most active part of the market in terms of trading volume. Amgen is the category's grandfather. The company reported EPS ...
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eBay Guidance Poses Performance & Valuation Questions (EBAY)

Posted: October 21, 2009 at 4:25 pm

eBay Inc. (NASDAQ: EBAY) posted non-GAAP earnings of $0.38 EPS on $2.24 billion in revenues.  Thomson Reuters had estimates for the online auction giant pegged at $0.37 EPS and $2.14 ...
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