Yahoo! (YHOO): Short Sale Of The Month?
Yahoo! (YHOO) is looking more and more like the best internet stock for shorting. The stock trades at $25.70 now. This week Barron’s quoted an internet analyst from Bernstein as saying that the company’s…
Archive
Day: December 10, 2007
All Day: December 10, 2007 Articles
Newest first · Page 2A Mindless Look At “Blue Ribbon” Companies
Fortune has come up with a list of "Blue Ribbon" companies. The companies on the most Fortune lists (Fortune 500, Fastest Growing, Most Admired, Best To Work For) made the grade. Some of the…
Why Wall St. Won’t Buy Akamai (AKAM) And Limelight (LLNW)
Research firm Kaufman put "hold: ratings on content deliver networks Akamai (AKAM) and Limelight (LLNW) with price targets below where the stocks currently trade. The bull theory on the stocks was that as internet…
A Home Run For Cisco (CSCO)
Cicso (CSCO) has had a bad run. Since earnings the stock has moved from over $34 to below $27. But, today the big router company got good news. AT&T (T) will "upgrade its Internet…
Restoration Hardware (RSTO) Numbers Fall Apart, Pulls Guidance
For the quarter ending November 3, Restoration Hardware (RSTO) announced net revenue increased 10.6 percent to $173.7 million compared to $157.1 million in the third quarter of 2006. Loss from operations for the third…
More Big Sales At McDonald’s (MCD)
McDonald’s (MCD) same-store worldwide sales rose 8.2% in November. Systemwide sales, including all stores, increased 16.3%. In the U.S., comparable sales increased 4.4% for the month as consumers continue to buy McDonald’s Premium Roast…
Wal-Mart (WMT) Expects 30% Annual Growth In China
Wal-Mart (WMT), which is opening its 100th store in China, says that it expects 30% annual growth in that country. But, according to Reuters recently "the All China Federation of Trade Unions forced the…
Europe Markets 12/10/2007
Markets in Europe were mixed at 6.15 AM New York time. The FTSE fell .1% to 6,546. Prudential (PUK) rose 2.7% to 716. Reuters (RTRSY) fell 1.1% to 588. The DAXX rose .3% to…
As Blackstone (BX) Turns To China For Money, Banks Become Less Important For Private Equity
Blackstone (BX) is making a bid for miner Rio Tinto (RTP), at least according to The Telegraph. Rio has a market cap of over $150 billion, and will probably be sold at some kind…
With Heaviest Online Spending In History, Retail Employment Will Take Sharp Fall
December 6 was the biggest online sales day in history, at least according to comScore. Online buyers spent $803 million dollars that day. up 28% from the same day last year. It is a…
24/7 Wall St. CEO Of The Year: Ivan Seidenberg Of Verizon (VZ)
24/7 Wall St. has evaluated over 200 CEOs in order to select it CEO of the Year. Six finalists were chosen from the list. The measurements were based on company stock performance for the…
Search Activity Shows Wii And Apple (AAPL) iPod Big For Holidays
Perhaps online search habits do not always lead to purchases, but, if they do, Nintendo and Apple (AAPL) are in for strong sales in Europe during the holiday season. According to comScore, the most…
Media Digest 12/10/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, UBS (UBS) will writes down about $10 billion in subprime financial instrument and raise new capital from sources including the Singapore government. Reuters reports that Blackstone (BX) is preparing a bid…
Asia Markets 12/10/2007
Markets in Asia were mixed. The Nikkei fell.2% to 15,924. NTT (NTT) was up 2.4% to 551000. Sony (SNE) was up 2.7% to 6070. The Hang Seng was down 1.2% to 28.501. China Petroleum…
UBS (UBS) Announced Huge Write-Off
UBS (UBS) will take another $10 billion in write-offs for subprime debt intruments. According to The Wall Street Journal, "The Government of Singapore Investment Corp. is investing 11 billion francs" to strength the bank’s…