Reuters: Thain regrets nothing he did at Merrill Lynch and during its merger with Bank of America (NYSE:BAC).
Reuters: Trump put his support to the bondholders of his casino business.
FT: A Chinese court ruled against Microsoft (NASDAQ:MSFT) in an intellectual property case. Read More
Reuters: China is the key stop on Obama’s tour of Asia.
Reuters: South Korea’s businesses may start to feel more pressure from China competitors..
Reuters: Hewlett-Packard (NYSE:HPQ) bought 3Com (NYSE:COM) for $3.1 billion.
Reuters: Lou Dobbs left CNN (NYSE:TWX) Read More
General Electric Co. (NYSE: GE) may be the one single bright spot taking the market higher this Friday when you consider the 10.2% unemployment rate and when you look over the latest round of earnings. Both Oppenheimer and Bernstein raised their official GE ratings to “Outperform” in research calls this morning. It depends upon which way the wind blows, but there are many times that GE trades more like some of the troubled financial stocks rather than as the top industrial stock in America.
American International Group, Inc. (NYSE: AIG), Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) are all headed in opposite direction of GE. We noted that Fannie had broken the buck in pre-market trading and is back above the $1.00 level now. It is also dragging down Freddie Mac. AIG is adding to larger losses seen at the open.
GE shares are trading up 5.4% at $15.21 and we have already seen over 30 million shares trade hands in the first 20 minutes and pre-market period.
JON C. OGG
Fannie Mae (NYSE:FNM) recorded a net loss of $18.9 billion for the third quarter of 2009. Including $883 million in dividends on the senior preferred stock, the net loss attributable to common stockholders was $19.8 billion, or $3.47 per diluted share.
For the third quarter of 2008, the net loss was $29.0 billion, and the net loss attributable to common stockholders was $29.4 billion, or $13.00 per diluted share. Read More
It is of little surprise that CIT Group, Inc. (NYSE: CIT) is seeing clobbered today. The company has finally filed its pre-packaged Chapter 11 bankruptcy package and that has CIT shares down a sharp 63% at $0.26 on triple its average volume. By now, the game is probably known by everyone that bankruptcy usually leaves shareholders of common stock out in the cold. Should it be of any surprise that the “other troubled financial stocks” are seeing their shares head south?
It was just a week ago that I discussed the Fannie-Freddie equity conundrum. Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) are down further. After all, these two are in government conservatorship. It is even easy to argue that these are just being kept alive so that Uncle Sam doesn’t have to include the obligations on the Fed’s balance sheet. And how many investors in these companies really believe that they are holding anything more than a long-term warrant or LEAP option that is way out of the money? Fannie Mae is down 7.4% at $1.00 and Freddie Mac is down almost 9% at $1.12, and neither are on active volume today.
Read More
Short interest in a number of major financial firms rose for the period ending October 15.
Shares short in Citigroup (NYSE:C) rose 51% to 178.1 million. The short interest in CIT (NYSE:CIT) was up 21% to 85.6 million. Share sold short in Freddie Mac (NYSE:FRE) were up 14% to 71.5 million. Shares short in Bank of America (NYSE:BAC) and JPMorgan (NYSE:JPM) were fairly flat. Read More
It is no secret that things could be much better at Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE). But the last week or so has re-highlighted just how dire the situation is for these government sponsored entities and perhaps more importantly for the common shareholders. Both Freddie Mac and Fannie Mae were forced into federal conservatorship last year by Uncle Sam.
We have taken an in-depth look here at the situation and the past to get a feel for the future of these companies (GSE’s). If you parse through the data and watch what has been happening in Washington D.C. of late, there is the clear reminder that these emperors have no clothes on. In the world of Star Trek, these companies stockholders may be facing a Kobayashi Maru scenario.
Read More
These are this Friday morning’s top day trader and active trader alert stocks. We have more detailed data on price, volume, and historical data with links through to each story at VSInvestor.com:
Amazon.com Inc. (NASDAQ: AMZN) blew through earnings estimates and is actually challenging all-time highs not seen since the 1998 to 2000 tech bubble.
Broadcom Corp. (NASDAQ: BRCM) is being left out of the rally as guidance was disappointing.
Freddie Mac (NYSE: FRE) is actually up marginally this morning despite an SEC Filing this morning showing that its mortgage delinquencies continued to rise in September.
Microsoft Corporation (NASDAQ: MSFT) is up almost 10% and hitting 52-week highs.
SunPower Corporation (NASDAQ: SPWRA) is feeling the downside of the solar trade and down almost 10%.
Synaptics Inc. (NASDAQ: SYNA) is up sharply and creating a serious short squeeze.
You can join our open email distribution list to get updates on top analyst upgrades and downgrades, top day trader alerts, IPO’s, secondary offerings, Warren Buffett and other guru activity, M&A and more.
JON C. OGG
OCTOBER 22, 2009
These are this morning’s top pre-market day trader alert stocks for Wednesday. We have more detailed analysis and data on each stock linked through to VSInvestor.com:
Yahoo! Inc. (NASDAQ: YHOO) is trading up at 52-week highs after earnings.
Intuitive Surgical Inc. (NASDAQ: ISRG) is a huge point loser, but down 5% after earnings.
Polycom Inc. (NASDAQ: PLCM) is the biggest loser by percentages this morning after earnings.
SanDisk Corporation (NASDAQ: SNDK) is still up, but off its after-hours highs, after blowing out earnings.
Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) are trying to make it three in a row after that ZERO VALUE call from KBW on Monday.
You can join our open email distribution list to get updates on top analyst upgrades and downgrades, top day trader alerts, IPO’s, secondary offerings, Warren Buffett and other guru activity, M&A and more.
JON C. OGG
OCTOBER 21, 2009
These are this morning’s top day trader alerts. We have more detailed price and volume data along with added color over with links through to each stock at VSInvestor.com:
Apple Inc. (NASDAQ: AAPL) is bumping against all-time highs after blowing out earnings.
BioSante Pharmaceuticals, Inc. (NASDAQ: BPAX) is one of this morning’s top gainers on safety reviews allowing the study to proceed.
Caterpillar Inc. (NYSE: CAT) is up at 52-week highs after blowing out earnings.
Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) are continuing yesterday’s losses, with Freddie being slapped harder than the Fannie step-sister.
MGM MIRAGE (NYSE: MGM) is up close to 10% on word that Kerkorian’s Tracinda is interested in exploring deals after the December City Center open.
Novavax, Inc. (NASDAQ: NVAX) is up 6% on a test of virus-like particle H1N1 influenza vaccine in Mexico with Avimex Laboratories and GE Healthcare.
You can join our open email distribution list to get updates on top analyst upgrades and downgrades, top day trader alerts, IPO’s, secondary offerings, Warren Buffett and other guru activity, M&A and more.
JON C. OGG
These are this morning’s top day trader alert stocks with more detailed data on price, volume, and further analysis with links to each stock over at VSInvestor.com:
You can join our open email distribution list to get updates on top analyst upgrades and downgrades, top day trader alerts, IPO’s, secondary offerings, Warren Buffett and other guru activity, M&A and more.
JON C. OGG
OCTOBER 19, 2009
These are ten of the top analyst upgrades, downgrades, and initiations seen early this Monday morning from Wall Street research notes:
Accenture (NYSE: ACN) Cut to Neutral at UBS.
Air Tran Holdings (NYSE: AAI) Raised to Overweight at JPMorgan.
CareFusion (NYSE:CFN) Started as Market Perform at Leerink Swann; Started as Neutral at JPMorgan.
First Solar (NASDAQ: FSLR) Cut To Neutral at Macquarie.
Fannie Mae (NYSE: FNM) Cut to Underperform at KBW.
Freddie Mac (NYSE: FRE) Cut to Underperform at KBW.
Geron Corporation (NASDAQ: GERN) Raised to Buy at Merriman Curhan Ford.
Marvell Tech (NASDAQ: MRVL) Started as Buy at Citigroup.
Southwest Airlines (NYSE: LUV) Cut to Underweight at JPMorgan.
Tellabs (NASDAQ: TLAB) Cut to Neutral at UBS.
You can join our open email distribution list to get updates on top analyst upgrades and downgrades, top day trader alerts, IPO’s, secondary offerings, Warren Buffett and other guru activity, M&A and more.
Jon C. Ogg
October 19, 2009
Reuters: Chinese investors are holding a large amount of gold.
Reuters: Bernanke sees tighter policies as the economy improves.
Reuters: The Congressional Oversight Panel says that the US plan to help homeowners with mortgages is not enough.
Reuters: The FDIC questioned a review of Citigroup (NYSE:C) management. Read More
Reuters: Wealth management firms are starting to target the not-so wealthy.
Reuters: Gold’s record price drew a muted response.
Reuters: Google (NASDAQ:GOOG), Microsoft (NASDAQ:MSFT), and Palm (NASDAQ:PALM) are heating up the smartphone software race. Read More
CIT Group, Inc. (NYSE: CIT) is back to looking like its shares the paper they are printed on could be less valuable and less useful than toilet paper. What is surprising is that this is not killing the other junky actively financial stocks. CIT is down almost 40% at $1.46 on over 32 million shares on reports that it is close to collapsing, and that is before the market is even open. Common logic would dictate that this relation of one moving the others would be the case. But junk under one roof is valued differently than junk under another roof.
Right before the open, there are many of the other junky financial stocks that are flat or trading up. Fannie Mae (NYSE: FNM) is flat at $1.56 on less than 500,000 shares, while Freddie Mac (NYSE: FRE) is down 0.5% at $1.84 also on under 500,000 shares. Ambac Financial Group, Inc. (NYSE: ABK) is actually up 1% at $1.80 on only 30,000 shares.
These are this Tuesday morning’s top day trader alert stocks and actively trade stocks. We have more detailed price and volume analysis and data on each stock with links provided through at VSInvestor.com:
American Oriental Bioengineering Inc. (NYSE: AOB) is down after Asensio.com panned some issues inside the company. Delta Petroleum Corp. (NASDAQ: DPTR) is trading fairly well considering its 45% drop yesterday. We are seeing much trading interest in the return of the junk-financial stocks. E*TRADE Financial Corporation (NASDAQ: ETFC) is up another 4% pre-market and taking out near-term resistance. Citigroup, Inc. (NYSE: C) is up after Singapore lightened its share ownership stake.
Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) are even hitting September highs. If you want proof that the financial risk trade is coming back on, even American International Group, Inc. (NYSE: AIG) is up over 10% and over $50.00 this morning and challenging those late August highs.
You can join our open email distribution list which goes out several times per week for top day trader alerts, analyst upgrades and downgrades, IPO’s, key secondary offerings, guru investor data on Buffett and others, mergers, and more.
JON C. OGG
There is a very silly notion being brought to you by the Aspen Institute Business & Society Program’s Corporate Values Strategy Group and what is admittedly a rather impressive list of names joining it. It is a call to end “Short-Termism” in the financial markets. Imagine a long-term financial utopia where investors did not have to trouble themselves with the day in and day out wranglings of the stock market or the economy.
Imagine if quarterly earnings, monthly same-store-sales, quarterly or annual guidance, key turns in the demand cycle, interruptions or obsolescence of a business model and other issues were just able to be smoothed over. Now imagine investing in this sort of a climate. This idea sounds great on paper and probably looks great on economic models and charts that are the basis for the notion because it goes along with the current theme of thinking for the long-haul and doing what is best for everyone else. The problem is that this is the most silly and perhaps dangerous notion for the public to embrace. This is a path for investors large and small to get drummed, slapped, duped, discouraged and a few other things we decided not to print.
Read More
Fannie Mae (NYSE: FNM) made an announcement that the troubled mortgage giant and GSE received notice yesterday from the New York Stock Exchange that it has regained compliance with the NYSE’s minimum price standard for continued listing of its common stock. It was back in November 2008 that the NYSE notified the company that it had failed to satisfy the $1.00-rule.
Read More
Reuters: China is making it difficult for foreigners to trade in its commodidites markets.
Reuters: Toshiba will pay $5 billion for a unit of Areva.
Reuters: The SEC and CFTC will align efforts to police markets.
Reuters: The Fed’s Fisher sees near-term strength in the economy. Read More
These are this Thursday’s top day trader and active trader alert stocks. We have links through to each with more detailed price/volume analysis over at VSinvestor.com:
Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) are bouncing by over 10% this morning now that equities have stopped the drop for now.
Hovnanian Enterprises Inc. (NYSE: HOV) is down about 10% … maybe all those ‘great home sales figures’ are either not so great or are not sustainable.
InnerWorkings Inc. (NASDAQ: INWK) is down sharply on an earnings warning.
Sun Microsystems Inc. (NASDAQ: JAVA) is down, but not as bad as you might think, on the EU probe of the Oracle Corp. (NASDAQ: ORCL) buyout…. Silly children must be in charge over there.
Sepracor, Inc. (NASDAQ: SEPR) is already at exponential trading volume on the buyout news.
Sinovac Biotech Ltd. (AMEX: SVA) is challenging $10.00 again… China approved it for a vaccine against swine flu for the Chinese market.
Zumiez Inc. (NASDAQ: ZUMZ) is up over 10% after negative same store sales were not as bad even at -12.1%… it caught 3 analyst upgrades.
You can join our open email distribution list which goes out several times per week if you wish to be notified by email when the top day trader alerts hit, along with news of IPO’s, key offerings, guru investor data on Buffett and others, mergers, and more.
JON C. OGG
SEPTEMBER 3, 2009
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