For Sirius (SIRI) A Trip To Penny Stock City
All sorts of bad things happen when a stock trades under $1. Some institutions can’t hold the shares. If the stock stays below the threshold too long, the Nasdaq can start delisting procedures. Sirius…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 132Day Trader Alert: Shanda Interactive Entertainment Ltd. (SNDA)
Shanda Interactive Entertainment Ltd. (NASDAQ: SNDA) is seeing an exponential volume surge at the open. The Chinese interactive gaming software company has now seen more than 3.4 million shares trade hands and shares are…
Day Trader Alert: ImClone Systems (IMCL, BMY)
ImClone Systems Inc. (NASDAQ: IMCL) is a biotech buyout bonanza stock that traders and investors have been watching closely. The company has said that the proposed $60.00 per share cash buyout from Bristol-Myers Squibb…
Citigroup Outlines Fannie/Freddie Exposure (C, FNM, FRE)
Citigroup Inc. (NYSE: C) has just filed with the SEC information about its perceived total exposure to Fannie Mae and Freddie Mac securities in an effort to fend off any over-exposure concerns. As of…
Lehman (LEH) Impresses No One
The press release was a mile long. Lehman "intends" to sell 55% of its money management unit. Lehman "intends" to spin off to its shareholders $25 billion to $30 billion of its commercial real…
Lehman Earnings, Rewards For Bad Behavior (LEH)
Lehman Brothers (NYSE: LEH) has finally pre-announced its earnings at -$5.92 EPS. First Call had estimates at worse -$3.00 but no one is using that estimate based upon the recent mudslide and rumors. The…
Top Pre-Market Analyst Upgrades (BNI, CERN, DECK, EV, HWAY, IPAR, NSC, RF)
There were other upgrades but these are the ones we are seeing having an impact on shares this morning: Burlington Northern (BNI) Raised to Buy at UBS. Cerner (CERN) Started as Outperform at Morgan…
Top Pre-Market Analyst Downgrades (CPHD, DRIV, FDRY, MAN, MLM, MPEL, MPS, SMOD, VMC)
These are some of the top analyst downgrades we are seeing affecting shares of stock this morning: Cepheid (CPHD) Cut to Neutral at Piper Jaffray. Digital River (DRIV) Cut to Market Weight at Thomas…
Financial Downgrades (BAC, BBT, CLMS, CMA, FITB, BEN, STI, VLY)
There were more downgrades in financial stocks, but these were the larger names that saw estimates or ratings cut by analysts this morning: Bank of America (BAC) Cut to Underperform at KBW. BB&T (BBT)…
As Chinese Slow Car Buying, Detroit Can Panic (GM)(F)(WMT)(DELL)
Since almost no one in the US or Europe is buying cars, auto companies have been looking to China for salvation. That does not put them in a different class from other large companies…
The US Economy: Sunny Days Ahead
"You are my sunshine, my only sunshine; you make me happy when skies are gray" Alan Greenspan went on CNBC late yesterday to flog the paperback version of his ancient book "The Age of…
OPEC Taps The Brakes
The Las Vegas odds were 10-to-1 that OPEC would keep production level. A lot of gamblers lost money. The cartel cut daily production by 520,000 barrels a day to 28.8 million. While oil prices…
China Gets Normal
China was supposed to be falling apart. Inflation was more than 10%. Labor costs were rising rapidly. The central government jacked up gas and diesel prices. The apocalypse was just around the corner. What…
Media Digest 9/11/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Lehman (LEH) will release earnings a week early after its stock dropped 45%. Reuters reports that OPEC agreed to a surprise production cut. Reuters reports that CFOs are more optimistic about…
Asia Markets 9/11/2008
Markets in Asia were mostly lower The Nikkei fell .4% to 12,346. Canon dropped on concerns about the dollar. Mitsubishi UFJ Financial moved up ahead of Lehman’s earnings. The Hang Seng fell 1% to…