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Daily Archives: December 22, 2009

52-Week High Club (GOOG, JBL, PRGS)

Posted: December 22, 2009 at 4:07 pm

Google Inc. (NASDAQ: GOOG) rose close to 0.5% to a yearly high of $601.50, carried by the momentum of the market. Jabil Circuit Inc. (NYSE: JBL) rose over 14% to ...
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Longer Treasury Yields Reaching Critical Juncture

Posted: December 22, 2009 at 12:51 pm

The yield on the 30-Year Treasury Bond is now over 4.60% and the 10-Year Treasury Note is yielding 3.75%.  It was just at the last bond auction that the T-Bond ...
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Technical Event Alert Coming in Major Financials (FAS, XLF, JPM, BAC, WFC, GS, C)

Posted: December 22, 2009 at 12:19 pm

There is a key technical event that may be close to occurring in some of the major banking and financial stocks.  These have all used the 50-day moving average as ...
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ReachLocal Reaching for IPO

Posted: December 22, 2009 at 11:16 am

There was an interesting initial public offering filing last night from ReachLocal, Inc. saying that it plans to come public via an IPO.  While no terms were listed, the filing ...
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SPAC-tacular SPACs and Blank Checks that Shot Blanks (TOH, REN, CCME, SCRQF, AUTC, GHC, CIO, PPAC, GHQ, IRDMU, TTY, GGEEF, TCW, IAQG, AYA, BPW, CACA, GSMEF)

Posted: December 22, 2009 at 10:43 am

Once thought to be slipping through the recession’s cracks and into oblivion, many special purpose acquisition companies not only succeeded in getting investors to sign off on mergers—some generated substantial ...
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Comcast President Burke Now Top Candidate To Be Berkshire Hathaway CEO

Posted: December 22, 2009 at 9:28 am

Stephen Burke, the 51-year-old president of Comcast (NASDAQ:CMCSA), has to be the new lead choice to become CEO of Berkshire Hathaway (NYSE:BRK.A) when Warren Buffett retires or dies. Burke was added ...
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Today’s Best Market Rumors (12/22/2009)

Posted: December 22, 2009 at 9:00 am

Updated throughout the day. Lehman is paying out big bonuses a year after its collapse.  (Bloomberg). Citigroup (NYSE:C) has been hit by hackers who may have stolen millions of dollars  ...
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Commerce Department GDP Revision Shows Q3 Was Awful

Posted: December 22, 2009 at 8:45 am

The Commerce Department revised GDP growth for the third quarter of this year down, again. The latest number is an increase of 2.2%. A month ago the number was dropped ...
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Top Analyst Upgrades and Downgrades (AOL, CSC, IAG, IMAX, MAN, STP, AMTD, XTO)

Posted: December 22, 2009 at 8:34 am

These are this Tuesday's top analyst upgrades, downgrades, and initiations seen in Wall Street research calls: AOL Inc. (NYSE: AOL) Started as Equal-Weight at Barclays. Computer Science Corp. (NYSE: CSC) ...
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Cuts By Toyota (TM) And Ford (F) Signal Pessimism About 2010.

Posted: December 22, 2009 at 6:13 am

Ford (NYSE:F) said it would offer buyouts to its 41,000 US factory workers. The terms are generous and give the rank-and-file large lump sum payments and vouchers for Ford vehicles. ...
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Apple’s (AAPL) Big Push Into TV

Posted: December 22, 2009 at 6:01 am

Apple (NASDAQ:AAPL) needs to follow-up its success in the computer, portable multimedia player, and handset businesses to keep its revenue momentum and relationship with Wall St. Analysts believe the Apple's ...
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Windows 7 Adoption Causes A Surge Of Corporate PC Sales

Posted: December 22, 2009 at 5:38 am

Market analysts and experts on IT spending have taken a "wait-and-see" approach to pass judgment on whether the launch of Microsoft's (NASDAQ:MSFT) Windows 7 would cause quick adoption of the ...
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Moody’s Downgraded Debt Of Greece, Faith In Sovereign Debt Downgraded, Too

Posted: December 22, 2009 at 5:19 am

Moody's (NYSE:MCO) downgraded the government debt of Greece from A1 to A2. Very few economists or bankers will be surprised. Greece is dealing with a shrinking economy and growing national ...
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The Government’s Loan Modification Program Does Not Have To Fail

Posted: December 22, 2009 at 5:05 am

The government’s “Home Affordable Modification Program”  needed $75 billion of taxpayer money to alter home loans so that these loans could be more affordable for creditworthy homeowners who could ...
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Media Digest 12/22/2009 Greece Debt Downgraded By Moody’s: Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: December 22, 2009 at 3:57 am

MarketWatch:   Moody's (NYSE:MCO) downgraded Greece's debt to A2 from A1 and said it had a negative outlook on the nation's sovereign paper. Reuters:   The FBI is probing a cyber attack on Citigroup ...
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