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Palm, Inc. (NASDAQ: PALM) has sort of already fallen from grace despite all the hype behind the Palm Pre. Throw in that Pixi too. Discounting is trumping what may be weaker sales. It turns out that Amazon.com (NASDAQ: AMZN) is offering the Palm Pre for Sprint for a mere $79.99. Sprint Nextel (NYSE: S) has it offered direct at $149.99 price after discounts and rebates at its site. Sprint Nextel is also selling the Palm Pixi for $99.99, but the Palm Pixi is now for sale for $24.99 at Wal-Mart Stores (NYSE: WMT). We confirmed all these prices on the websites, and this is going to confirm tough times for Palm and its finances.
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Posts for Ticker ‘PALM’
The Palm Margin Squeeze (PALM, S, AMZN, WMT)
Media Digest 11/20/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: The Senate is near its first vote on healthcare.
Reuters: Dell (NASDAQ:DELL) is betting on corporate spending for its recovery.
Reuters: Time Warner’s (NYSE:TWX) AOL showed that the worst is not over for media job cuts.
Reuters: China cyber-spying against the US will probably grow. Read More
Today’s Best Market Rumors (11/17/2009) New Bid For Cadbury
Updated throughout the day.
Updated 4.06 PM EST: “U.S. chocolate giant Hershey Co. has been in high-level talks with Italian chocolate maker Ferrero Spa to possibly craft a rival joint bid to Kraft Foods Inc.’s $16.7 billion offer for Cadbury PLC.” (WSJ)
Toys ‘R’ Us could go public (The Deal)
The new Motorola (NYSE:MOT) Droid handset may be taking significant market share from the Palm (NASDAQ:PALM) Pre.
AOL’s market value will be $3.2 billion when it is spun off from Time Warner (NYSE:TWX) (The Business Insider)
Smartphones from Apple (NASDAQ:AAPL) and RIM (NASDAQ:RIMM) are becoming a security threat (BusinessWeek)
Several nations including Russia, the US, Israel, France, and China are preparing for cyberattacks. (CNET)
Talks between Sal. Oppenheim and Australia’s Macquarie over the sale of the Luxemburg-based firm’s investment banking operations collapsed. (Reuters)
Douglas A. McIntyre
Top 10 Analyst Upgrades, Downgrades, Initiations (DVN, XOM, HES, ITW, LEA, NFLX, PALM, PARD, SPWRA, VRTX)
These are this morning’s top ten analyst upgrades, downgrades, and initiations seen from Wall Street research calls:
Devon Energy (NYSE: DVN) Raised to Outperform at Wells Fargo.
Exxon Mobil Corp. (NYSE: XOM) Raised to Overweight at Barclays.
Hess Corporation (NYSE: HES) Raised to Buy at UBS.
Illinois Tool Works (NYSE: ITW) Raised to Buy at UBS.
Lear Corp. (NYSE: LEA) Started as Overweight at JPMorgan.
Netflix Inc. (NASDAQ: NFLX) Started as Buy at Collins Stewart.
Palm Inc. (NASDAQ: PALM) Raised to Buy at Kaufman.
Poniard Pharmaceuticals, Inc. (NASDAQ: PARD) Cut to Market Perform at Rodman & Renshaw.
Sunpower Corporation (NASDAQ: SPWRA) Cut to Neutral at Piper Jaffray; Cut to Market Perform at FBR Capital Markets.
Vertex Pharmaceuticals (NASDAQ: VRTX) Cut to Neutral at Merriman Curhan Ford.
You can join our open email distribution list to hear more news on key analyst calls, top day trader alerts, Buffett and other investment gurus, IPOs, secondary offerings, mergers and more.
JON C. OGG
Media Digest 11/16/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: The Ohio Attorney General is suing a number of Wall St. firms.
Reuters: GM will start to repay part of its debt to the US.
Reuters: Citigroup (NYSE:C) will sell Bellsystem to Bain.
Reuters: Japan’s GDP numbers were leaked. Read More
Today’s Best Market Rumors (11/13/2009) (PALM)(INTC)(AMD)
Updated throughout the day.
Updated 10.30 AM EST: PALM (NASDAQ:PALM) shares are up on speculation that Dell (NASDAQ:DELL) or Nokia (NYSE:NOK) will buy the faltering handset firm (VSInvestor)
Former Goldman Sachs (NYSE:GS) CEO and New Jersey governor Jon Corzine said he has not talked to Bank of America (NYSE:BAC) about running the firm. (The Deal)
Some former bank CEOs are considering bidding for failed banks at FDIC auctions. (WSJ)
Now that it has settled a legal dispute against AMD (NYSE:AMD), Intel’s (NASDAQ:INTC) biggest challenge is competition from ARM Holdings (BusinessWeek)
Douglas A. McIntyre
Top Day Trader Alerts (AIG, AONE, MBI, PALM, SIGM, REGN, CADX, TRA, CF, AGU, BRCD)
These are this morning’s top day trader and active trader alerts seen in the pre-market trading hours. We also included some options color from yesterday. A link has been provided for more detailed analysis and data for each stock over at VSInvestor.com:
American International Group, Inc. (NYSE: AIG) is down only about 2% after reports that the company could find itself leaderless again.
A123 Systems, Inc. (NASDAQ: AONE) is trading down 3% after earnings and concerns over a partnership.
MBIA Inc. (NYSE: MBI) is trading up over 3% this morning after getting crushed yesterday, M.J. Whitman’s Third Avenue took a stake.
Palm Inc. (NASDAQ: PALM) is running over 3% on an analyst call.
Sigma Designs, Inc. (NASDAQ: SIGM) is down 8% on a downgrade.
Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) is trading up 10% after Sanofi-Aventis expanded its antibody pact substantially.
We have many options on watch as well:
- Cadence Pharmaceutical Inc. (NASDAQ: CADX) is one to watch with a huge binary volatility trade ahead of the 11/13 PDUFA date for Acetavance as a treatment for acute pain.
- There was some interesting options trading seen yesterday in the trifecta fertilizer merger war via Terra Industries Inc. (NYSE: TRA), CF Industries (NYSE: CF), and Agrium (NYSE: AGU).
- Brocade Communications Systems, Inc. (NASDAQ: BRCD) gave a stock and option alert yesterday, but it went even more active in options with the NOV09 $9 CALLS seeing 24,450 contracts and the NOV09 $10 CALLS seeing 17,432 contracts.
You can join our open email distribution list which goes out several times per week to be notified of key merger news, key analyst calls, top early morning day trader alerts, along with news of IPO’s, key offerings, guru investor data on Buffett and others, mergers, and more.
JON C. OGG
Wal-Mart (WMT) Give RIM (RIMM) A Hand
RIM (NASDAQ:RIMM) has been under seige these last few weeks. Investors are concerned that the Blackberry maker is losing market share to the Apple (NASDAQ:AAPL) iPhone and a new group of handsets using the Google (NASDAQ:GOOG) Android mobile operating system. Motorola (NYSE:MOT) launched its Droid just last week.
RIM shareholders are also nervous the Palm (NASDAQ:PALM) Pre sales could take a very modest but still damaging piece of the Blackberry market.
Wal-Mart (NYSE:WMT) means to help save RIM. Read More
Motorola (MOT) Droid Visits Manhattan
By Douglas A. McIntyre
Some pieces of news are worth mentioning only in passing because they are interesting, but may not mean a thing. CNET says that over 100 people lined up at midnight to be early buyers of the new Motorola (NYSE:MOT) Droid handset at a Verizon (NYSE:VZ) store in Manhattan. The store in Herald Square had 500 phones in stock to meet the early demand.
The Droid is Motorola’s answer to the Apple (NASDAQ:AAPL) iPhone and Palm (NASDAQ:PALM) Pre.
Another Win For Apple (AAPL): The Touchscreen
It is getting harder and harder to find any flaws in Apple’s (NASDAQ:AAPL) businesses. The company’s shares trade at $190, very near their all-time high. Analysts expect record results from the company for the calendar fourth quarter as holiday shoppers drive better-than-usual sales of iPods, Macs, and iPhones.
comScore (NASDAQ:SCOR) released data that shows touchscreen smartphone sales up 159% from August 2008 to August 2009 when units sold hit 23.8 million. The growth was much greater than that for the total smartphone category which was up 63% in the US for the same period to 33.8 million units. Read More
Today’s Best Market Rumors (11/2/2009) (LVS)(PFE)(PLX)(BK)(ODFL)(PALM)(AAPL)
Updated throughout the day.
Updated 1.05 PM EST: Las Vagas Sands (NYSE:LVS) will try to raise $2.5 billion though an IPO in Hong Kong (AP)
Updated 11.12 AM EST: Pfizer (NYSE:PFE) is considering a joint venture with Protalix Biotherapeutics (AMAX:PLX) and may buy the Israeli company. (Reuters)
Updated 9.50 AM EST: The Fed will keep rates as they are (CBNC)
A deal for Comcast (NASDAQ:CMCSA) to take control of NBCU from GE (NYSE:GE) is imminent, as usual. (NYTimes)
Goldman Sachs (NYSE:GS) is considering buying Fannie Mae (NYSE:FNM) tax credits (WSJ)
Bank of NY Mellon’s (NYSE:BK) CEO turned down a chance to be considered for the Bank of America (NYSE:BAC) CEO job. (WSJ)
Roger Nightingale, economist at Pointon York, says the world faces a 1930s type depression if government stimulus packages are pulled too soon (CNBC)
A draft order to approve AT&T’s (NYSE:T) $2.8 billion acquisition of Centennial Communications Corp is circulating at the Federal Communications Commission. (The Deal)
Apple’s (NASDAQ:AAPL) top advertising strategist is not leaving his job. (AppleInsider)
Sprint (NASDAQ:S) is starting to downplay the importance of the Palm (NASDAQ:PALM) Pre compared to other smartphones it is marketing. (Barron’s)
Shares of Old Dominion (NASDAQ:ODFL) could move from $27 to $40 in a year (BusinessWeek)
The market share of Apple’s Mac has not been hurt by the release of Microsoft’s (NASDAQ:MSFT) Windows 7.
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.
Douglas A. McIntyre
Top 10 Analyst Upgrades, Downgrades, Initiations (BIIB, INCY, MOT, CMCSA, JWN, ODP, PALM, RIMM, RCL, YUM)
These are this Monday’s top ten analyst upgrades, downgrades, and initiations seen from Wall Street research firms:
Biogen Idec (NASDAQ: BIIB) Raised to Buy at Jefferies.
Incyte Corporation (NASDAQ: INCY) Started as Outperform at Leerink Swann.
Motorola (NYSE: MOT) Raised to Buy at Citigroup.
Comcast (NASDAQ: CMCSA) Cut to Hold at Kaufman Bros.
Nordstrom Inc. (NYSE: JWN) Raised to Buy at Deutsche Bank.
Office Depot (NYSE: ODP) Cut to Underperform at Credit Suisse.
Research-in-Motion (NASDAQ: RIMM) Cut to Sell at Citigroup.
Royal Caribbean (NYSE: RCL) Raised to Outperform at Wells Fargo.
YUM! Brands (NYSE: YUM) Raised to Outperform at RBC Capital.
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
Credit & Equity Analyst Ratings Duel at Palm (PALM)
Palm Inc. (NASDAQ: PALM) has lost that massive stock surge that we saw for what felt like way too long throughout 2009. There are two key analyst calls that now may act as an analyst duel. One is yesterday’s BMO Capital Markets and the other is non other Standard & Poor’s. Throw in a high, but declining, short interest and the race is back on in Palm as to whether its future is made of shinola or made of something else in the notorious analogy.
Palm was weak yesterday and fell $0.90 to downgraded yesterday to $13.38 after BMO Capital Markets downgraded the stock to an “Underperform” rating from an already neutral “Market Perform” rating. BMO already took its sub-market target down to $10.00 from $11.00. BMO was concerned over Apple’s iPhone and R-I-M’s Blackberry competition, as well as what is coming down the pipe from Google’s Android phones. Yet this morning we have an upgrade on the corporate credit side of Palm from Standard & Poor’s.
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Media Digest 10/28/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: The Nielsen survey shows consumer confidence up in the US for the first time since 2007.
Reuters: Obama’s financial reforms are advancing in Congress.
Reuters: The pay czar said his authority should not be expanded.
Reuters: Obama’s “too big to fail” bill would curb bailouts. Read More
Media Digest 10/7/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
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
Today’s Best Market Rumors (NOK)(PALM)(AAPL)(MHP)(CBS)
Strauss Zelnick, former record exec, and former WSJ publisher Gordon Crovitz will buy BusinessWeek, (MHP) which was yesterday rumored to be closing. (BW)
Nokia (NOK) will buy travel social network Dopplr for $20 million. (TechCrunch)
CBS (CBS) is not a bankruptcy candidate. (SAI)
A Financial Accounting Standards Board ruling will help Apple (AAPL) earnings, but then again, it won’t. (WSJ)(Barron’s).
Goldman Sachs (GS) may alter compensation packages for PR reasons. (NYPost)
A new and powerful argument for why Nokia would buy Palm (PALM) (Forbes).
Autonomy, the UK search software firm, will be bought by Microsoft (MSFT). (Reuters).
Twitter could raise about $100 million at a valuation of $1 billion with the money coming from T. Rowe Price and private-equity firm Insight Venture Partners. (WSJ).
Douglas A. McIntyre
Top Day Trader Alerts (AMR, XLNX, ALTR, NTES, PALM, STX)
These are this morning’s top pre-market day trader alert stocks and active trader stock. We have more detailed data and analysis on historic price, volume, and trends with a link through on each stock at VSInvestor.com:
AMR Corp. (NYSE: AMR) is holding up rather well considering it boosted its secondary offering size considerably.
Xilinx, Inc. (Nasdaq: XLNX) is soaring enough on its September guidance that it is also lifting Altera Corporation (NASDAQ: ALTR).
Netease.com, Inc. (NASDAQ: NTES) is down on a single block trade of over 437,000 shares.
Palm, Inc. (NASDAQ: PALM) is holding up rather well considering its juiced up secondary.
Seagate Technology (NASDAQ: STX) is up close to 4% on higher guidance.
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
Palm Boosts & Prices Secondary Offering (PALM)
Palm, Inc. (NASDAQ: PALM) has priced its public secondary offering of 20 million shares at a price of $16.25 per share. This is a fter a $17.07 close yesterday. Palm noted that it will have 162,329,477 shares outstanding after the offering, excluding shares from the over-allotment option if exercised.
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52-Week High Club
Gap Inc. (NYSE: GPS) hits a yearly high of $22.54. Fellow retailers Polo Ralph Lauren (NYSE: RL), American Eagle Outfitters (NYSE: AEO) and J. Crew Group (NYSE: JCG) also hit yearly highs.
Goldman Sachs (NYSE: GS) hits a yearly high of $184.30 on analyst enthusiasm for underwriting and mergers and acquisitions businesses. Credit Suisse (NYSE: CS) and Morgan Stanley (NYSE: MS) also hit yearly highs.
Google (NYSE: GOOG) hits a yearly high of $501.13 after a wave of price target increases on optimistic outlook for web advertising, including today’s increase by the brokerage Canaccord Adams.
Palm Inc. (Nasdaq: PALM) rallies to a yearly high of $17.12 on rumors that Nokia (NYSE: NOK) may be looking to bid on the handset maker.
24/7 Wall St.
Top Day Trader Alerts (ARNA, VVUS, DVR, HLX, ETFC, SCHW, PALM)
These are this Friday morning’s top day trader and active trader alert stocks with moves on unusual volume. We have also provided more details on price and volume analysis with links through to each stock at VSInvestor.com:
Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) had good news but is trading lower as VIVUS Inc. (NASDAQ: VVUS) looks better.
Cal Dive International Inc. (NYSE: DVR) is trading 3% lower on a seondary offering of shares that is being sold by Helix Energy Solutions Group, Inc. (NYSE: HLX).
E*TRADE Financial Corporation (NASDAQ: ETFC) is trading up sharply at the expense of Charles Schwab (NASDAQ: SCHW) after a Goldman Sachs analyst call.
Mueller Water Products (NYSE: MWA) is actually trading up after its secondary offering size was increased on strong demand from a large underwriting group.
Palm Inc. (NASDAQ: PALM) is trading down marginally, but is seems like its direction is not clear yet. We have more details on levels to watch for support and resistance.
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
September 18, 2009
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Today’s top tickerspy Indexes Home Furnishing R... +14.1% Ethanol and Biofu... +5.1% Electronics Retai... +2.1% Diabetes Stocks +2.0% Memory Chip Stock... +2.0% 
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