Wanted: Investors in Russian Energy (XOM, RDS.A, BP)
Falling crude oil prices have hit Russia particularly hard. The country needs a crude price of about $70/b to cover production costs and to fund the government. So, what do they do when the…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 23Shorts Gang Up on Top NASDAQ 100 Tech Stocks (AMZN, AAPL, CSCO, DELL, GOOG, INTC, MSFT, ORCL, RIMM, YHOO)
As you will see, most of the top technology stocks from the NASDAQ 100 saw an increase in the number of shares being sold short from mid-November to late November. With the last 9…
If Bank Analyst Is Right About Bank Of America (BAC) And Wells Fargo (WFC) No One Seems To Care
A leading bank analyst is certain that Wells Fargo (WFC) and Bank of America (BAC) are going to have to raise more money. No one seems to be listening. Both stocks are flat to…
Cowen Throws In The Towel on MasterCard (MA) and Visa (V)
Analysts at Cowen & Co are throwing in the towel on the recent high-flying credit card processors MasterCard (MA) and Visa (V), downgrading both from outperform to underperform, citing deteriorating fundamentals. Cowen completely bypassed…
Eastman Kodak Proves Silver Can Rust (EK)
Eastman Kodak Co. (NYSE: EK) has been trying to turn a corner for quite some time. This morning the company turned a corner, and walked right into Thor’s Hammer. The film maker has withdrawn…
Top Pre-Market Analyst Upgrades (ALU, ASR, BMY, DD, FORR, HE, QCOM)
There are few positive calls this morning from Wall Street analysts, but these are the ones we have caught this morning: Alcatel-Lucent (ALU) Raised to Sector Perform at RBC. ASUR (ASR) Raised to Buy…
Top Pre-Market Analyst Downgrades (AXP, AXYS, BJ, CAVM, ERTS, ERIC, FLIR, FTI, GE, HTLD, KNX, NKE, SINA)
These are the top downgrades or negative calls we have seen this Wednesday morning from Wall Street analysts: American Express (AXP) Started as Sell at Banc of America; Started as Sell at Citigroup. Axsys…
More Good News From Forecasters, S&P At 400
James Tobin won the Nobel prize for economics in 1969. By his measurement of the stock market, the S&P has a very long way to drop. Keep in mind that there are nuts everywhere…
The Global Recession Gets Official: China Exports Fall
If there has been one constant in the global economy since the beginning of the decade it is that China’s GDP and exports have kept moving up. There has been an almost endless demand…
Shorts Attack The Banks Again, But Flee Bailout Targets And Retailers
No matter how far down bank stocks go and how hard regulators try to keep short sellers out of financial shares, some of the smart money is willing to gamble that the fortunes of…
Nortel’s (NT) woes spell trouble for Alcatel-Lucent (ALU) and Motorola (MOT)
Nortel Networks Corp. (NT), which until recently was Canada’s largest company, is has hired bankruptcy attorneys to advise it in the event that its restructuring plan fails, according to The Wall Street Journal. Odds…
The Specter Of Eight Million Foreclosures
Trying to guess how many homes will be lost to foreclosure over the next several years is a fool’s game. No one knows what will happen to employment. The role that the federal government…
The Stupidity Of Attacking Paulson
The board that Congress appointed to take on the job of keeping track of how Henry Paulson was spending his bailout fund is about to make its first report. That may determine whether Treasury…
Media Digest 12/10/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, the House will vote on the auto bailout as early as this week. Reuters writes that Rio Tinto (RTP) will cut 14,000 jobs. Reuters reports that AIG (AIG) owes other firms…
More Recession Carnage For Video Games (ERTS, ATVI, GME, THQI, TTWO)
Electronic Arts Inc. (NASDAQ: ERTS) signaled about six weeks ago that the video game industry wasn’t recession-proof. It turns out that the company (and likely the sector) is not even as recession-resistant as many…