Asia Markets 9/17/2008 (AIG)(LFC)
Markets in Asia were mixed The Nikkei rose 1.2% to 11,750. Mitsubishi UFJ Financial moved up in reaction to the Fed’s bailout of AIG. (AIG) The Hang Seng fell 2.2% to 17,899. China Life…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 125AIG’s (AIG) Last Hours, Paulson The Anarchist
No one could quite get to the crash victim, and now it seems certain AIG (AIG) will not make it out of the wreck. After staging a rally during the day, AIG’s shares closed…
SanDisk’s New Name: SamDisk or Sanshung (SNDK)
SanDisk Corporation (NASDAQ: SNDK) has received a $26 buyout offer from Samsung, and shares are soaring after the close. We would like to note that this deal may be a hostile one, and one…
A Surprise From Morgan Stanley (MS)
By all accounts, Morgan Stanley (MS) was supposed to have a mediocre quarter. Wall St. was concerned it could be worse than that. Enough of the large financial companies had been damaged by write-offs…
Adobe Hits The Mark (ADBE)
Adobe Systems Inc. (NASDAQ: ADBE) reported better-than-expected results. The software and media player giant earned $0.50 per share on revenue of $887.3 million. First Call had estimates of $0.46 for earnings and $876.7 million…
The 52-Week Low Club 9/16/2008 (AIG)(WM)(MER)(CEG)(GHS)
Constellation Energy Group (CEG) falls on fears of link to the Lehman bankruptcy. The company says no. The shares plunges to $13 from 52-week high of $107.97. Gatehouse (GHS) shows why it’s a bad…
Ken Heebner Bailed Out of Commodities (SLB, PBR, CGMFX)
Ken Heebner of the CGM Focus Fund (CGMFX) has made a game-changing move in his portfolio. In a CNBC interview with Erin Burnett, Heenber was asked about his positions in two key stocks in…
FOMC Asleep At The Wheel
Well, the awaited FOMC announcement has finally come out and is a disappointment initially. The FOMC voted unanimously to leave interest rates unchanged at 2.00%. The Discount Rate was also unchanged at 2.25%. On…
INDEX ALERT: Which Stock Will Replace AIG on the DJIA? (AIG, MO, HON, GOOG, AAPL, CSCO, PEP, BRK-A, CL, MDT, ABT)
There is one critical aspect to the stock market that pertains to American International Group (NYSE: AIG) which has been given less coverage because of the media’s focus on the turmoil in the stock…
Court Keeps Sprint From Hosing iPCS For Now (IPCS, S, CLWR)
iPCS, Inc. (NASDAQ: IPCS) has announced that a circuit court judge in Cook County, Illinois, has denied a motion from Sprint Nextel (NYSE: S) to dismiss or stay the company’s lawsuit against Sprint over…
The Phillips Curve Is Dead, Except At The Fed
By John Tamny, RealClearMarkets The Phillips Curve is the theory that inflation is the result of total demand outstripping total supply at the national level. In a recent speech, Fed vice chairman Donald Kohn…
The Market Mounts The Consumer’s Back And Stages A Rally
The market staged an improbable rally. After selling off over 500 points yesterday and opening down over 100 points today, the Dow is about even. Wall St. may see a small ember left from…
Wells Fargo (WFC) Up 8%: Bad News Is Good
Wells Fargo’s (WFC) shares are up 8% on strong volume. The bank stock should be trading down along with Citigroup (C) and Wachovia (WB). Due to the perverse reasoning of traders, Well Fargo is…
Lehman Rains On Solar Stocks Too (LEH, ESLR, JASO)
The bankruptcy of Lehman Brothers (NYSE:LEH) and the ongoing counterparty risk scenario isn’t just applicable to financial stocks. This is going to hit a couple of solar stocks pretty hard today. Evergreen Solar (NASDAQ:ESLR)…
Monsanto Tries Raising Guidance (MON)
Monsanto Company (NYSE: MON) raised fiscal 2008 earnings estimates. The crop and agriculture player now sees earnings of $3.58 to $3.60 per share. It also gave reported guidance of $3.49 to $3.51. Its prior…