IBM (IBM) Pessimism Overblown
A number of people are trying to convince IBM (IBM) shareholders that the company may miss its quarterly numbers. Not likely. IBM stock was almost $121 on Friday. It trades at $104 today.
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Year: 2008
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Newest first · Page 106Prediction Market Betting on Congress Bailout Passage
The government’s bailout package is likely to pass if you believe in the new event-driven alternative futures markets. The latest active contract on intrade.com, perhaps the most liquid of the "prediction markets," is still…
Monsanto Raises Guidance In Weak Sector (MON)
Monsanto Company (NYSE: MON) today raised its 2008 guidance again. This is in response to the clear drop in the agriculture and fertilizer sector weakness. Roundup, other glyphosate-related herbicides, and its seeds-and-traits performance are…
Oil Patch Offers No Great Earnings Assurances (NBR, NE, ESV, PDE)
Oilfield services company Nabors Industrial (NYSE:NBR) revised its guidance downward after the market closed yesterday and its share price is approaching a new 52-week low. And its bringing its competitors down with it. Noble…
NCC (NCC) Triples In Two Days
In a sign of how perverse and debased the market’s reactions to simple news has become, NCC (NCC), the large regional bank, dropped from over $4 last Friday to $1.36 on Monday. Today, the…
Mosaic Proves Potash & Fertilizer Are Back To Poop (MOS, POT, IPI)
Mosaic Co. (NYSE: MOS) is being slaughtered this morning. Any hopes that agriculture was going to be cool again are gone. The phosphate and potash producer’s earnings missed the bar by what might as…
GE’s Massive Offering (GE)
General Electric Co. (NYSE: GE) has priced its massive secondary offering this morning of 547.8 million shares at a substantial discount of $22.25 per share. It has also given underwriters an overallotment option to…
Suspending Mark-to-Market Won’t Suspend Reality
By John Tamny, RealClearMarkets The University of Texas is famous for having the second largest university endowment in the country, behind that of Harvard. Less known is that UT’s second-place ranking is an accounting…
Atmel Merger Odd, But Proves Mergers Still Possible (ATML, MCHP, ONNN)
Atmel Corporation (NASDAQ: ATML) is going to be trading up big this morning. Shares are currently halted on the news that Microchip Technology Incorporated (NASDAQ: MCHP) and ON Semiconductor Corporation (NASDAQ: ONNN) have sent…
Jobless Data Reminiscent of Bread Lines
Maybe the Hurricane damage has something to do with this, but the weekly jobless claims are reaching a critical point. This last week’s initial jobless claims rose again to 497,000. The Labor Department put…
Solar Ambitions Keep Growing (ENER, STP, CSIQ)
If one sector always keeps having new projects and new expansions, it is solar and alternative energy. There were several announcements this morning from some key solar players such as Energy Conversion Devices (NASDAQ:…
Top Pre-Market Analyst Upgrades (AMGN, CPLP, DRIV, DSX, DNA, GNK, MAKO)
These are some of the top upgrades we are seeing from Wall Street analysts this morning: Amgen (AMGN) Raised to Outperform at William Blair. Capital Product Partners (CPLP) Started as Outperform at Oppenheimer. Digital…
Top Pre-Market Analyst Downgrades (AKAM, CVLT, JNPR, LVS, MUR, N, PDX)
These are some of the early analyst downgrades we have seen this Thursday morning: Akamai Tech (AKAM) Cut to Sell at Goldman Sachs. CommVault Systems (CVLT) Cut to Neutral at Goldman Sachs. Juniper Networks…
Nokia (NOK) Goes After Apple (AAPL): A Gun To A Knife Fight
Nokia (NOK) has been very slow moving into the market for high-end smartphones, especially in the US. There are plenty of Apple (AAPL) iPhones and RIM (RIMM) Blackberries on the shelves. Samsung has even…
Wal-Mart (WMT): Coal In The Retail Industry’s Stocking
"Everyday low prices" are getting out of hand. Wal-Mart (WMT) already is cutting what it charges for toys and the holiday season has really not begun. According to The Wall Street Journal, the world’s…