Moody’s Cutting GSE’s, The Ride Continues (FNM, FRE)
Moody’s has come out with a downgrade this morning on the preferred stock ratings of Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE). The ratings have been taken down to Baa3 from A1…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 147Bernanke Talks Down Economic Expectations & Inflation
Fed Chairman Ben Bernanke is giving a speech out at the K.C. Fed Symposium in Jackson Hole, Wyoming this morning. His released comments show that he is expecting the economic weakness to persist and…
24/7 Wall St. Most Overpaid CEO Of The Day: Pacific Sunwear (PSUN) CEO Sally Frame Kasaks
According to the Pacific Sunwear proxy, CEO Sally Frame Kasaks makes a base salary of $1,250,000. Last year, her total compensation was $3.2 million. Based on the performance of the stock and the business,…
Warren Buffett Talks Financials, Markets, Economy & Politics (BRK-A, WFC, AXP, JPM, FNM, FRE, BUD, CNQ, BNI, BRK-B)
This morning there was a rather long CNBC interview where Becky Quick got to interview Berkshire Hathaway’s (NYSE: BRK-A) Warren Buffett live in Omaha. He noted specifically that the economic weakness was going to…
Top Pre-Market Analyst Downgrades (AVNX, AVNXD, BKC, LVS, LOGI, PSUN, FACE, SHOR, SMA, TLB)
These are some of the top analyst calls we are seeing in pre-market trading this Friday morning: Avanex (AVNXD) Cut to Neutral at Merriman Curhan Ford. Burger King (BKC) Cut to Neutral at UBS.…
Top Pre-Market Analyst Upgrades (AMED, CNQR, GTIV, ORLY, TU)
It is fairly thin in analyst coverage today, but these are some of the Friday morning analyst calls we are seeing before the open: Amedisys (AMED) Started as Outperform at Baird. Concur Tech (CNQR)…
America’s Most Overpaid CEOs (MER)(CBS)(AXP)(MS)(NBR)
The AP announced its list of the top 10 paid CEOs for 2007. The figures were based on "AP’s compensation formula, which adds up salary, perks, bonuses, above-market interest on pay set aside for…
Analysts Play Game Of Cutting Investment Bank Ratings (MER)(C)(BAC)(MS)(GS)(LEH)
Citigroup (C) cut is earnings estimates for Goldman Sachs (GS), Morgan Stanley (MS), and Lehman (LEH). Today, Bank of America (BAC) cuts its earnings targets for Goldman and Morgan Stanley. Sanford Bernstein and Oppenheimer…
Google (GOOG) Wins The Mobile Search Wars
It looks like Google (GOOG) will strike a deal to be the default search feature on all of Verizon’s (VZ) cellular handsets. Since the phone company has about 70 million subscribers, the win is…
Evidence Of A Fannie Mae (FNM) And Freddie Mac (FRE) Resurrection
The collapse in the shares of Freddie Mac (FRE) and Fannie Mae (FNM) was arrested yesterday. At one point, both stocks were up and Fannie Mae ended the day in the plus column. It…
Boeing’s (BA) Bogus Move
Boeing (BA) was able to get the government to re-open the bidding for the Air Force’s new tanker. In the original round of competition, Boeing was bested by the team of Northrup Grumman (NOC)…
Media Digest 8/22/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Warren Buffett and the head of Blackstone (BX) called for a solution to the govenment’s growing debt load and reliance of foreign investors to finance US borrowing. Reuters reports that Korean…
Gap (GPS) Still Drowning
Gap’s (GPS) earnings got a bit better, but the company is still coming apart at the seams. In the latest quarter, Gap revenue fell from $3.69 billion to $3.5 billion. Comparable store sales were…
Zumiez, Same Store Sales Down Now & Ahead (ZUMZ)
Zumiez Inc. (NASDAQ: ZUMZ) was halted pending news into earnings. The snowboarding (as well as skateboarding, BMX, and action sports) apparel and outdoor wear retail and apparel company posted $0.09 EPS on $92.3 million…
The 52-Week Low Club 8/21/2008 (PLD)(CTIC)(TELK)(SPC)
Spectrum Brands (SPC) No big news. Still falling after posting loss. Down to $1.67 from 52-week high of $6.20. Prologis (PLD) Company recently increased presence in Mexico, but no other news. Drifts off to…