Fear & Loathing: VIX Soars Above 50 As DJIA Takes Out 10,000
For those who have been wondering what a full blown bear market looks like, welcome to the jungle. This looks like another day where along with the bath water, they are throwing out the…
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Year: 2008
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Newest first · Page 103The 52-Week Low Club AM Edition 10/6/2008 (GE)(GOOG)(F)(AAPL)
As a sign of how difficult the markets are, a number of large companies hit 52-week lows, with a number of stocks down between 5% and 10% and bank shares off more Ford (F)…
Icahn Wins Blue Ribbon in ImClone Race (IMCL, LLY, BMY, MRK)
Carl Icahn appears to have won a blue ribbon for ImClone Systems (NASDAQ: IMCL) shareholders. The biotech stock is trading up on a very weak trading day after what many had deemed as a…
Netflix Starting to Mature (NFLX)
Trading in shares of Netflix Inc. (NASDAQ: NFLX) gave an interesting pre-market alert at Volume Spike this morning. The DVD rent-by-mail service is feeling pain early this morning after offering some very mixed guidance.
OSI Phase III Falls Short (OSIP, DNA)
OSI Pharmaceuticals Inc. (NASDAQ: OSIP) is getting hit hard in early trading this morning. The biotech has released data showing that a Phase III trial of Genentech’s (NYSE: DNA) Avastin combined with Tarceva in…
Biotech Implosion: CombinatoRx (CRXX)
CombinatoRx, Incorporated (NASDAQ: CRXX) is seeing its stock implode this morning. The company released data from its Phase IIb study of Synavive (CRx-102) for knee osteoarthritis showing that its Synavive test was not statistically…
Crocs Shrinkage (CROX)
Crocs, Inc. (CROX) is showing yet again that its growth days are history. The fad shoe maker has announced that it sold certain assets of its Foam Creations business unit in Quebec City, Quebec…
Ninetendo Paints A Target On Apple (AAPL)
Nintendo wants revenge. Now that Apple (AAPL) has come out with an iPhone that can download games, the Japanese company appropriately believes that Steve Jobs wants their business. According to BusinessWeek, the new Nintendo…
Top Pre-Market Analyst Downgrades (ADBE, AMB, BLKB, KO, EMCI, HSII, KFN, OMTR, PLD, VAR, VMW, VMC)
These are some of the top downgrades we have seen this Monday morning with about 2 hours until the open: Adobe Systems (ADBE) Cut to Market Perform at FBR. AMB Property (AMB) Cut to…
Top Pre-Market Analyst Upgrades (ALD, ADM, DLTR, MON, SINA, WFC)
These are some of the top upgrades we have seen this Monday morning with about 2 hours until the open: Allied Capital (ALD) Raised to Neutral at JPMorgan. Archer Daniels Midland (ADM) Started as…
Countrywide Gets Too Expensive For Bank Of America (BAC)
Because management at Countrywide turned out to be thieving goons, Bank of America (BAC) is stuck with mortgages which should never have been granted by the huge housing lender. As they must do to…
Will The Fed Save America’s Major Industries?
Perhaps the Fed and the Treasury have saved the banking and brokerage industries. The Fed has certainly provided hundreds of billions of dollars at its emergency window and Paulson has his $700 billion. Next…
Cutting The Baby In Half At Wachovia (WB)(WFC)(C)
A sword was brought, and Solomon ordered,"Cut the baby in half! That way each of you can have part of him." 2 Chronicles 1.1-1.3 If Vikram Pandit at Citigroup (C) had not screwed up…
The Recession Is Coming Home For The Holidays (M)(SHLD)(GPS)(JCP)
Santa will be thinner this year, a sign that he cannot afford all that rich food. It is a good thing that he wears a beard because can’t afford a razor. By most estimates,…
Lehman CEO Set To Pull A Jeff Skilling Before Congress?
Bloomberg reports that "Richard Fuld, the chief executive officer of Lehman Brothers Holdings Inc., may tell legislators angry about Wall Street’s excesses that eroding confidence in the financial system led to the demise of…