No one has really worked out how to wall-off significant risk in one division of a financial services giant from divisions which are "safe" and operating smoothly. UBS (UBS) skinned its investors alive again…
According to Reuters, JP Morgan (JPM) lost $1.5 billion in July. Reuters writes the UBS (UBS) posted a huge loss and will split itself into a wealth management operation and an investmen bank. Reuters…
Markets is Asia were narrowly mixed. The Nikkei fell 1% to 13,304. Dentsu rose 3.4% to 2200500. Honda (HMC) rose 2.8% to 4740. The Hang Seng rose .2% to 21,929. China Mobile (CHL) fell…
Shorts sellers suffered from a lack of conviction on the direction of financial stocks in the period that ended July 31. They were clear that betting against tech was no longer a good idea.…
Economists think that growth of the US GDP will continue to slow into the second half of the year and then into 2009. Their opinions are too upbeat. The monthly poll by Blue Chip…
Every month, Wall St. hopes that bank write-downs will slow or stop and every month matters seem to get worse. It looks like July will turn out to be no exception as a deteriorating…
Morgan Stanley (MS) thought it could pull a "monkey see, monkey do" act with NY State Attorney General Andrew Cuomo. The investment house offered to buy back $4.5 billion in auction-rate securities using much…
Bear Stearns was not the end of it. Institutional investors think at least one more large firm will fail, probably over the next six months. Although those surveyed did not name a company, at…
After the Capstone Turbine Corp. (NASDAQ: CPST) earnings report, we listened to the conference call and the question and answer session from analysts to get a better handle on the quarter and what is…
Capstone Turbine Corporation (NASDAQ:CPST) has posted its quarterly results, and traders on Wall Street are somehwat mixed on the data. If traders focus merely on the results in the quarter that went to the…
NY Attorney General Andrew Cuomo wants blood from the banks that marketed auction-rate securities but have not made settlements with him. In his mind, Wachovia (WB), Morgan Stanley (MS), and JP Morgan (JPM) stand…
Coeur d’Alene Mines (CDE) Faces bad earnings and falling metals prices. Drops to $1.69 from 52-week high of $5.18. Anglogold Ashanti (AU) Metals stocks down. Slips to $25.68 against 52-week high of $51.35. Basin…
It is a Category 5 irony that Toyota (TM) may be faced with exporting cars it makes in the US to other countries. It initially conquered the small car market in the America by…
Whenever analysts say "content is king," people often visualize Mel Brooks in "History of the World Part 1" shouting "it’s good to be the king." A more accurate picture is Shakespeare’s tragic "King Lear"…
Capstone Turbine Corp. (NASDAQ: CPST) is set to report earnings after the close today. Once again we caution that with many analysts new in covering this stock and with the size of the company…