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Monthly Archives: May 2010

The Twitter-24/7 Wall St. Stock Market Report 5.27.2010 The Wisdom Of Crowds?

Posted: May 27, 2010 at 8:46 am

Twitter has, by most estimates, 100 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some ...
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Jobless Claims Still in Purgatory

Posted: May 27, 2010 at 8:39 am

The weekly jobless claims are out from the Labor Department and the results are not as bad as the week before.  They are not exactly solid yet either.  The claims ...
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Top Analyst Upgrades and Downgrades (BP, CKR, CSX, FWLT, FLR, GME, HES, PNRA, MCD, MSFT, UNP)

Posted: May 27, 2010 at 8:31 am

These are some of this morning's top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Thursday: BP plc (NYSE: BP) Raised to Outperform at Oppenheimer. CKE ...
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Costco: The Resurrection Of The American Consumer?

Posted: May 27, 2010 at 5:46 am

Costco (NASDAQ: COST) announced very impressive earnings for the quarter ending May 9. Revenue rose from $15.5 billion to $17.4 billion. Net income jumped from $210 million to $306 million. ...
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China Says It Is Not Selling Euro

Posted: May 27, 2010 at 5:33 am

The market panicked yesterday on rumors that China was selling euros due to the instability of the EU region.  China denied it. “Europe has been, and will be one of ...
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FCC Claims Mobile Phone Bills Are Too Complex

Posted: May 27, 2010 at 5:16 am

America has produced a generation of people who cannot read instructions. They have trouble operating cars with new electronic devices, GPS systems, TV entertainment systems for the home, and even ...
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The Gulf Awash In Crude, Arctic Drilling Gets A Bad Name

Posted: May 27, 2010 at 4:52 am

The future of offshore drilling in US coastal waters may be determined by how much financial and ecological damage is done by the Deepwater Horizon catastrophe. At this point, the ...
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Media Digest 5/27/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: May 27, 2010 at 3:49 am

Reuters:   The US will suspend Arctic drilling. Reuters:   Lehman sued JPMorgan Chase (NYSE: JPM) for billions of dollars. Reuters:   The Fed's Bullard said that promises of low rates for long ...
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VeriFone Winning Back Confidence (PAY)

Posted: May 26, 2010 at 4:42 pm

Winning back the confidence of investors is no easy task after accounting irregularities or after scandals involving the books.  However, winning back investor confidence is what VeriFone Systems Inc. (NYSE: ...
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Goldman’s High Borrowing Costs (GS)

Posted: May 26, 2010 at 3:03 pm

Back in the liquidity bubble, corporate bond spreads were tight.  Very tight.  Sometimes as little as 50 or 75 basis points for those deemed a solid investment grade, and sometimes ...
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Blockbuster Can’t Reduce Debt, Faces Bankruptcy (BBI, NFLX, WMT, NCR)

Posted: May 26, 2010 at 2:22 pm

When Blockbuster Inc. (NYSE:BBI) filed its 2009 annual report in March, it included the dreaded "going concern" sentence, indicating that it needed to boost its operating income and restructure its ...
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Honda Looks to China for Battery-Powered Autos (HMC, TM, F, BRK-A, BYDDF)

Posted: May 26, 2010 at 1:18 pm

Without specifying a partner, the CEO of Honda Motor Co., Ltd. (NYSE:HMC) said yesterday that he hopes that his company can work with China to develop batteries for an all-electric ...
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Big Unexpected Dividend Hikes (UNH, DE)

Posted: May 26, 2010 at 12:57 pm

The stock market's recent sell-off and snap-back recovery have not stopped dividend hikes.  There were two big ones this morning.  The unexpected dividend hike came from UnitedHealth Group (NYSE: UNH).  ...
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Disney Insider Trading, SEC Nabs Two Goofys (See Complaint)

Posted: May 26, 2010 at 12:22 pm

Today, the Securities and Exchange Commission filed a complaint in U.S. District Court, Southern District of New York, alleging an insider trading scheme against a Disney employee and her ...
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DOE Data Shows Refineries Hanging Tough (OIH, USO, VLO, SUN, HES)

Posted: May 26, 2010 at 11:09 am

The weekly Department of Energy inventories data came out this morning.  There seems to be good news for those looking for price stability as crude oil inventories went up and ...
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