Reuters: Hurricane Ida is heading toward Gulf oil fields.
Reuters: Kraft (NYSE:KFT) will make its bid for Cadbury.
Reuters: GE (NYSE:GE) and Comcast (NASDAQ:CMCSA) have agreed to an NBCU valuation.
Reuters: The IMF is considering an insurance levy on banks. Read More
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 will delay retirement.
Reuters: Microsoft (NASDAQ:MSFT) and Google (NASDAQ:GOOOG) set up real-time search deals with micr- blogging company Twitter. Read More
The annual Conventional Arms Transfers to Developing Nations report from the Congressional Research Service shows that the US is still by far the world’s leading arms merchant.
A summary of the document in The New York Times reports that weapons agreements with the US in 2008 totaled $37.8 billion, about 68% of the entire worldwide market in arms. It is too bad that America already has such a large share. Arms may be one of the few large businesses that the US could expand in a way that would help the trade balance, GDP, and employment. American sales were only $25.4 billion in 2007, so US arms revenue may be growing at a rate too quick to sustain. Read More
It’s taken a back seat to health care, but one of the next big agenda items for President Obama’s administration is cybersecurity, a priority that is becoming all the more clear following July 4 hacker attacks on the White House, the Pentagon and the New York Stock Exchange.
The Associated Press reports that the attack on U.S. and South Korean government agencies last week was even broader than first realized. Other agencies targeted by the malicious code included the National Security Agency, Homeland Security Department, State Department, the Federal Trader Commission, the Treasury, the Nasdaq stock market (Nasdaq:NDAQ) and The Washington Post (NYSE:WPO). Read More
Reuters: Baclays (BCS) sold BCI to Blackrock (BLK) for $13.3 billion
Reuters: WHO declared a flu epidemic
Reuters: Congress bash Fed, Treasury, and B of A (BAC) on Merrill
Reuters: US is near tighter control of tobacco by FDA.
Reuters: New research shows mortgage delinquencies have bottomed
Reuters: World Bank sees a steeper global economy contraction. Read More
The government’s game of managing General Motors took another odd turn today as Ed Whitacre, the former CEO of AT&T (T), a man who know about phone lines but not assembly lines was named has chairman of the New GM, the company that the government hopes can emerge from Chapter 11.
For reasons not clear, Kent Kresa, the former CEO of Northrup Grumman (NOC), will step down. Read More
These are some of this morning’s top pre-market analyst upgrades and positive research calls from Wall Street this Thursday morning with over two hours until the market opens:
Jon C. Ogg
February 12, 2009
These are some of the top analyst downgrades and negative calls we are seeing from Wall Street this Wednesday morning:
Jon C. Ogg
February 4, 2009
These are the top pre-market upgrades and positive analyst calls we have seen from Wall Street this Monday morning:
Jon C. Ogg
December 15, 2008
Jim Cramer wants people to sell all of their stocks. Even though the market may keep falling, that might not be a practical solution for everyone. There are several things investors can do to at least partially save themselves from a falling market and get in position if stocks move up again.
1. Sell your dogs. No matter how much an investor loves a stock, firms in the second or third tier of their industries are going to get hurt more. They will get hit by both a falling market and a recession. Some good examples are AMD (AMD), which runs a distant second to Intel (INTC). Yahoo! (YHOO), which is well behind Google (GOOG) in search is another company which will find the going especially tough. Palm (PALM) runs behind Apple (AAPL) and RIM (RIMM) in the smart phone industry. In an awful market, being in second place means being in last place.
According to Reuters, Washington Mutual (WM) fell 30% to a 17-year low.
Reuters reports that billionaire Carlos Slim has bought 6% of The New York Times (NYT).
Reuters writes that Northrop Grumman (NOC) may get a $5 billion deal to build an aircraft carrier for the US Navy.
Chrysler will introduce seven new models by 2010, according to Reuters.
Boeing (BA) management had to define its success this year by avoiding a strike by its machinists. The executives have already failed at getting the company’s new flagship Dreamliner into production one time. In the process, they alienated a number of their key airline customers.
Boeing management also lost its bid for the new Air Force tanker plane. Northrop Grumman (NOC) got the contract and Boeing is trying to get it back. As the incumbent, Boeing should not have lost it in the first place.
Boeing (BA) was able to get the government to re-open the bidding for the Air Force’s new tanker. In the original round of competition, Boeing was bested by the team of Northrup Grumman (NOC) and EADS. Some members of Congress thought it was un-American for a European company to get part of the deal, but the low bidder did seem to be the winner.
Now that Boeing is getting a new chance, the firm says it needs six months to re-submit the details of its offer to build the plane. The Defense Department wanted the bids in by October 1.
According to Bloomberg, GM (GM) will announce a major restructuring including moving more production to small cars.
Reuters reports that regional bank stocks were hit hard by liquidity concerns.
Reuters writes that Anheuser-Busch (BUD) was bought by InBev for $70 a share.
Reuters reports that Time Warners’s (TWX) AOL launched a personal finance site called WalletPop.
Reuters reports that Kimberly-Clark cut its outlook for the year.
Reuters writes that Soros said the Fannie Mae (FNM) and Freddie Mac (FRE) crisis would not be the last.
The Wall Street Journal writes that Paulson took the lead in the plan to bail out FNM and FRE.
The Wall Street Journal writes that mortgage insurers have tightened their standards making loans harder to get.
The Wall Street Journal reports that a financing deal between Paramount and Deutsche Bank (DB) has falled though, probably because of issues from the credit crisis.
The Wall Street Journal writes that Northrop (NOC) and Boeing (BA) are preparing new bids for the Air Force tanker contract.
The Wall Street Journal writes that Intel (INTC) will launch a new versions of its Centrino chip.
The Wall Street Journal reports that E*trade (ETFC) sold its unit in Canada.
The Wall Street Journal writes that Apple (AAPL) sold one million of its iPhones in its first three days on the market.
The Wall Street Journal reports that Palm (PALM) has launched its new Treo into the smartphone market.
The New York Times reports that Microsoft (MSFT) is launching more games to appeal to mainstream users to increase the sales of its Xbox.
The New York Times reports that the CEO of Citigroup (C) has launched a new program to help to set management goals at the company, but it will not save the bank from severe near-term problems.
The New York Times reports that two senior executives stepped down at The Tribune Company.
The New York Times writes that Bush has lifted a federal ban on some off-shore drilling.
The FT writes that EBay (EBAY) won its counterfeiting could case with Tiffany.
Douglas A. McIntrye
According to Reuters, Paulson will push for more market and financial regulations.
Reuters writes the Anheuser-Busch (BUD) board will meet on the InBev offer.
Reuters reports that the GAO was critical of the Air Force decision to give a tanker project to Northrup Grumman (NOC), leaving an opening for Boeing (BA).
Reuters writes that GM (GM) is slowing development of new SUVs.
Reuters reports that HP (HPQ) will reorganize ifts printer business.
The Wall Street Journal reports that banks are changing accounting to mask financial troubles.
The Wall Street Journal reports the off-shore drilling will take years to add to oil supply.
The Wall Street Journal reports that Apollo Management is trying to kill its deal to buy Huntsman (HUN).
The Wall Street Journal writes that Thornburg Mortgage (TMA) has said it survival is in doubt.
The Wall Street Journal reports that Sprint’s (S) new smartphone will cost $129.
The Wall Street Journal writes that the CEO of Hearst quit.
The Wall Street Journal writes that Pfizer (PFE) has cut a deal to keep a cheap version of Lipitor off the market until 2011.
The Wall Street Journal says Toyota (TM) truck sales are faltering in the US.
The Wall Street Journal writes that AT&T (T) is asking Dish Network to buy back $500 million in securities.
The Wall Street Journal reports that Verizon (VZ) is boosting the speed of its fiber-to-the-home product.
The New York Times reports that a shortage of ships is delaying some off-shore drilling projects.
The New York Times writes that Americans are driving less due to higher gas prices.
The FT writes that hedge fund manager John Paulson says that the financial markets will get much worse.
Bloomberg writes that Cerberus is troubled by cash consumption at Chrysler.
Douglas A. McIntyre
These are ten of the top calls we see affecting shares this Friday morning in the early pre-market trading hours:
Jon C. Ogg
April 25, 2008
Safeway (SWY) Food prices hurting retailing margins. Falls to $25.75 from 52-week high of $38.31.
Northrop Grumman (NOC) Q1 charge still weighs on shares. Sell off to $69.48 from 52-week high of $85.21.
Healthcare Services (HCSG) First quarter profit drop. Down to $14.54 from 52-week high of $25.25.
Hansen Natural (HANS) No news. Commodities costs could weigh on beverage maker. Sells off to $32.04 from 52-week high of $68.40.
Douglas A. McIntyre
Fremont General (FMT) Down 50% today. Finally delisted. Hit bottom at $.26 against 52-week high of $13.80.
Avnet (AVT) Warns on profits. Slips to $27.76 from 52-week high of $44.68.
Kinetic Concepts (KCI) Sells convertible notes to fund acquisition. Drops to $40.27 from 52-week high of $66.77.
Northrop Grumman (NOC) Company plans to take first quarter charge. Sells down to $71.39 from 52-week high of $85.21.
Tesoro Corporation (TSO) Bad day for oil refiners. Concerns about margins. Falls to $25.06 from 52-week high of $65.98.
Gannett (GCI) Part of bath newspaper companies are taking. Sells off to $27.26 from 52-week high of $61.68.
Crocs (NASDAQ:CROX) Warns on numbers. Falls to $10.10 from 52-week high of $75.21.
Affymetrix (AFFX) Revised forecast for 2008 down. Drops to $10.08 from 52-week high of $31.95.
Novatel Wireless (NVTL) Company says it will miss Q1 numbers. Sells off to $7.42 from 52-week high of $29.14.
Sigma Designs (SIGM) Analyst says company is losing market share. Drops to $15.31 from 52-week high of $73.
Borland Software (BORL) No news. Project management software company shares move down to $1.40 from 52-week high of $6.22.
Douglas A. McIntyre
According to Reuters, the war between Northrop Grumman (NOC) and Boeing (BA) is now going on in Congress and the public.
Reuters says Dell (DELL) will buy $23 billion of components in China in 2008.
Reuters writes that Borders (BGP) suspended its dividend and will look for a buyer
Reuters writes that Toyota (TM) is unlikely to make 2008 sales targets.
The Wall Street Journal writes that the Clear Channel (CCU) buy-out is in trouble.
The Wall Street Journal reports that airlines will have to restructure due to problems with oil prices and the economy.
The Wall Street Journal reports that Credit Suisse will report a loss this quarter.
The Wall Street Journal writes that the supply of oil may keep prices high.
The Wall Street Journal writes that car-makers are cutting costs due to an anticipated deep slump
The Wall Street Journal writes that an appeal court ruled against Qualcomm (QCOM) in a key patent case.
The Wall Street Journal repots that Verizon Wireless detailed its open network policy.
The New York Times writes that BNP Paribas says it will not buy rival Societe Generale
The FT writes that shares in Merrill Lynch (MER) fell over concerns about CDO write-offs
The FT writes that Boeing (BA) will probably delay its Dreamliner again.
Douglas A. McIntyre
Boeing (NYSE:BA) talks as if it can reverse the Air Force decision to give a $35 billion tanker contract to Northrop Grumman (NYSE:NOC) and EADS, parent of Airbus. According to Reuters Mark McGraw, a company vice president, said he was "as confident as I can be" that congressional auditors would find fault with the U.S. Air Force’s Feb. 29 choice
Since the GAO and Congress have not really started looking into the matter, the Boeing statement may come a little early The US airplane-maker is counting on Congressmen, who want to keep their jobs, to get the deal back to Boeing and save US jobs. If EADS gets the contract some of the work will be done in its home market, which is Europe.
Boeing seems to be avoiding the facts in the selection, which does not make them bad people. They will do whatever they can to make money. The Wall Street Journal writes that all of the evidence points to the fact that the Airbus 330 will make a much better tanker than the Boeing 767. "The A330’s size means it can haul more than Boeing’s tanker design, which was "a significant advantage in the important areas of Aerial Refueling and Airlift," the Air Force noted." In simple English, that means that the EADS plane works and the Boeing plane does not.
Boeing is hoping that it can get politics to win over competence. That may happen. Politicians watch out for their own interests. Whether something works is not very high up on their list.
Douglas A. McIntyre
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