The 52-Week Low Club (NT)(BGP)(NTII)(DXYN)
Nortel (NT) Still falling on Chapter 11 concerns. Falls to $.26 from 52-week high of $16.07. Borders Group (BGP) No one buys books from stores anymore. Drops to $.56 from 52-week high of $11.67.…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 14Rumors That Jobs Lives Keeps Apple (AAPL) Well Above Multiyear Lows
Rumors from Apple (AAPL) headquarters in Cupertino that Steve Jobs is alive and well are keeping the company’s shares well above their multi-year low of $79.14 hit a few weeks ago. Shares are trading…
Royal Gold, Envy of Chartists & Gold Bugs (RGLD, ABX, MFN, GG, NEM, GDX)
In the current climate, there are hardly any stocks which are hitting new 52-week highs. If you go to the gold sector, the leaders are very far under their highs. Apparently, it seems that…
Constellation, The French, Buffett & A Value Trap (CEG, BRK-A)
The other shoe has dropped. Constellation Energy Group Inc. (NYSE:CEG) has accepted Electricite de France’s (EDF) offer of $4.5 billion for 49.99% of the company’s nuclear assets (rather than the whole company). We detailed…
Capital Spending Falls Off a Cliff (DVN, SD, ME, HES, EQT)
We’ve been following recent announcements of pullbacks in capital spending in the oil and gas patch. Every day it seems, one or two more companies announce that capital spending will be cut by up…
OPEC To Cut By 4.2 Million Barrels A Day, More Than Twice Expectation
So much for deflation worries, and so much for an early end to the recession. OPEC shocked the market by saying it will cut production by 4.2 million a day. Most comments from the…
24/7 Wall St. Hooks Up With Twitter
Two weeks ago we announced that we were going to start using Twitter to communicate with our readers. As of today, we are happy to say that our efforts have been warmly received by…
Posted Without Comment: Credit Crisis Cost Tops $1 Trillion
According to Bloomberg, "Losses and writedowns from the credit crisis surpassed $1 trillion today, and show little sign of ending, as Morgan Stanley marked down the value of mortgages and leveraged loans." "The losses…
Is Newell Rubbermaid Now Dead Money?
There are many stocks which are supposed to be at least somewhat immune to the recession. This notion has become less and less true, even if some of the former recession-proof stocks have not…
Motorola Plays Pin the Tail on the Employee (MOT)
Motorola, Inc. (NYSE: MOT) may be one of the restructuring nightmares of the decade. This morning the company is taking further steps in its restructuring by announcing "cost cutting measures"…. Another sign that business…
SIPC’s Role In Madoff-Of-All-Scams Could Save The Stock Market
The SIPC came out with a statement last night indicating that they will be involved in the Madoff situation. The SIPC maintains a special reserve fund authorized by Congress to help investors at failed…
No Goldman Reaction for Morgan Stanley (GS, MS)
Yesterday was a rather odd day in more than one way. The reaction to Goldman Sachs Group (NYSE: GS) was given a warm reception, despite the much wider losses than expected, the negative revenues…
Top 10 Pre-Market Analyst Upgrades & Downgrades (ACTI, BCE, KSU, MYL, TEVA, AXP, AAPL, ROCK, SNV, TKC)
It is getting rather thin in analyst coverage, but these are the top ten analyst upgrades and downgrades we have seen this Wednesday morning: ActivIdentity (NASDAQ: ACTI) Started as Buy at Stanford Group. BCE…
As Recession Visits, China’s Middle Class Riots
"One riot, one Ranger"–inscription on statue dedicated to Texas Rangers, 1960. During the last century, Texas was long on land and short on lawmen. That means that each dispute got one constable. The Chinese…
Citigroup Reorganization: Playing With Toy Soldiers
Citigroup (C) will probably merge its commercial bank and investment bank. That makes sense. They both serve corporate customers. Investment banking fees are down and so is corporate lending. Efficiency is the battle cry…