Qualcomm Surprises, Again (QCOM)
Qualcomm Inc. (NASDAQ: QCOM) is seeing a very positive reaction this morning after the company raised guidance. The company sees earnings at $0.54 to $0.55 EPS, above its prior targets of $0.50 to $0.52…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 224Claymore ETF Hits The Frontiers… ‘Emerging’ Emerging Markets (FRN)
Claymore Securities Inc. has launched the Claymore/BNY Mellon Frontier Markets ETF (NYSE: FRN). This ETF is the first U.S.-listed ETF that gives access to up to 41 countries that are "less developed than traditional…
Lehman Cleans House (LEH)
If you thought things couldn’t get weirder in the brokerage firm stocks, guess again. Lehman Brothers Holdings Inc (NYSE: LEH) has essentially fired its CFO Erin Callan and its COO Joseph Gregory. Technically Callan…
Citigroup Pans Ethanol… On Flooding (VSE, BIOF, ADM)
Ethanol stocks appear to be under pressure this morning. Citigroup has downgraded the group to a SELL rating, partially based upon the Midwest flooding. VeraSun (NYSE: VSE) and BioFuel Energy (NASDAQ: BIOF) were cut…
Top 10 Pre-Market Analyst Calls (ADM, ASMI, CN, CHU, FIG, BEN, MSO, NT, RYL, TER, VSE)
These are ten of the analyst calls we are focusing on this Thursday morning: Archer-Daniels (NYSE: ADM) cut to Hold at Citigroup. ASM Intl NV (NASDAQ: ASMI) started as Underperform at Jefferies. China Netcom…
Starbucks (SBUX) Rushes Into Europe
Starbucks (SBUX) is going to put another 150 stores in Europe. They are closing them in the US, so perhaps it all balances out. The coffee chain has come up against competition from places…
GM (GM) Runs Out Of Ground
Investors figure the only way that GM (GM) makes it out of its current troubles is that its overseas operations make money to offset trouble in the US. In the domestic market, GM is…
AIG (AIG): Better To Keep A Frightened Board Than Throw It Out
Some of AIG’s (AIG) big investors wanted to throw out management. But, that was not enough for them. With the smell of blood in their nostrils they have decided that the board of directors…
Citigroup (C): Pandit As Pollyanna
One of the hedge funds that Citigroup (C) bought from its CEO Vikram Pandit’s money management company, an operation called Old Lane, has gone belly-up. Pandit got $165 million from the deal and was…
Media Digest 6/12/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, InBev made $46.3 billion offer for Anheuser-Busch (BUD). Reuters reports that AIG (AIG) shareholders are demanding board changes. Reuters writes that the GM (GM) Europe sales chief sees a sales slump.…
Asia Markets 6/12/2008 (TM)(LFC)(SNP)(SNE)
Markets in Asia were down sharply. The Nikkei fell 2.1% to 13,889. NEC fell 4.5% to 547. Sony (SNE) fell 2.8% to 5130. Toyota (TM) fell 2.7% to 5400. The Hnag Seng dropped. 1.6%…
Anheuser-Busch Buyout, Round 1: $65 From InBev
Anheuser-Busch Companies Inc. (NYSE: BUD) came out and confirmed some discussions that were making the rounds today. The beer giant noted that it has received a unsolicited and non-binding $46 Billion proposal from InBev…
The 52-Week Low Club (MTG)(LCC)(RBS)(BAC)(MER)(CAL)(GHS)(EWBC)
MGIC Investment (MTG) Money still moving out of bond insurers. Down to $8.75 from 52-week high of $62.94. US Airways Group (LCC) Oil prices up driving airlines down. Company say fuel bill could move…
InBev/Bud Merger Closer? (BUD)
CNBC’s David Faber just broke news that InBev is closer to making a formal bid for Anheuser-Busch Companies Inc. (NYSE: BUD). He said that this bid could come in the next couple of weeks…
Wall St. Capitulates On Financial Shares (C)(MER)(BAC)(WB)(LEH)(AIG)
From the viewpoint of pessimists, it was just a matter of time. The run-up in financial shares which began in mid-March would be tomahawked by a flailing economy and the leprosy of mortgage-backed paper.…