Day Trader Alert: VeraSun Energy (VSE)
VeraSun Energy (NYSE: VSE) is about to get pounced this morning. Last night, the ethanol producer announced that it now expected a quarterly loss. Analysts are looking for -$0.02 per share loss before the…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 124Longs Merger Plot Thickens (LDG, WAG, CVS)
Longs Drug Stores Corporation (NYSE: LDG) is doing something which may seem odd to many, which is essentially a "going with the bird in the hand" strategy. The company has just announced that its…
Day Trader Alert: Gilead Sciences (GILD)
Gilead Sciences Inc. (NASDAQ: GILD) is trading down this morning. Goldman Sachs maintained its buy rating on the stock, but took down its price target to $58 from $59. This report is after a…
Housing Starts Versus AIG: Aiming At The Wrong Target
Leaving aside the fact that the federal government has a nearly endless supply of money, especially if the Chinese continue to buy its bonds, the capital being pushed into the market is going to…
Analysts Start Rackspace Coverage As Quiet Period Ends (RAX)
Rackspace Hosting, Inc. (NYSE: RAX) is seeing its quiet period end after its IPO, which now allows analysts in the underwriting group to initiate research coverage of the stock. So far this IPO has…
Top Pre-Market Analyst Upgrades (ACE, NLY, ESLR, GFIG, HOKU, ITG, GS, KR, MON, NDAQ, TRV)
These are some of the positive calls and upgrades we have seen from analysts this morning: ACE Ltd. (ACE) raised to buy at Goldman Sachs. Annaly Capital (NLY) raised to overweight at JPMorgan. Evergreen…
Top Pre-Market Analyst Downgrades (BGFV, CME, QSII, TUP, SKS)
These are some of the negative calls and downgrades we have seen this Wednesday morning: Big 5 Sporting Goods (BGFV) cut to sell at UBS. CME Group (CME) cut to market perform at KBW.…
Nortel (NT): A Hit To Global Broadband And Wireless
The capital spending boom born of growing broadband and wireless adoption rates may be coming to an end. At least, that is what an earnings warning from Nortel (NT) indicates. Nortel is North America’s…
Bank Regulators Try To Auction Washington Mutual (WM)?
Bank regulators may be trying to find a home for Washington Mutual (WM). According to The New York Post, "The fate of Washington Mutual remained in question yesterday as federal regulators recently called a…
Abbott (ABT): A Resurrection Of The Stent Business
The stent business in the US has been dying and it is in trouble overseas. Stents are small mesh tubs which keep clogged arteries open. Last year, several studies showed that stents could cause…
The Next Wave Of The Credit Crisis: Banks Stop Loans To One Another
A bank that will not loan money to any other banks will probably not loan money to anyone, no matter how favorable their credit profiles may be. According to The Wall Street Journal, "Banks…
Porsche Takes Over VW, May Invade US (GM)(F)
After years of speculation, Porsche has become the controlling shareholder in VW. The news seems counterintuitive because VW is by far the larger company, but Porsche’s ownership dates back years to when it took…
AIG Saved: Two Sets Of Rules Becomes No Rules At All
Hank Paulson and Ben Bernanke proved that they were not anarchists, willing to risk the financial system burning itself into a pile of ashes. Zeus-like, the Fed will bail out AIG (AIG) at the…
Fed Saves AIG’s (AIG) Bacon, Makes Two Sets Of Rules
The Fed rescued AIG (AIG), loaning the company $85 billion for two years in exchange for a 79.9% interest in the company. After allowing Lehman (LEH) to fail, the new arrangement with AIG raises…
Media Digest 9/17/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, the federal government bailed out AIG (AIG) The Fed will loan the insurance company $85 billion for two years in exchange for a 79.9% stake. Reuters says that Barclays (BCS) bought…