Asia Markets And Europe Open 12/20/2008 (TM)(SNE)
Markets in Asia were mostly higher. The Nikkei was up 1.3% to 8,860, but was down 42% for the year. Toyota (TM) fell modestly, and Sony (SNE) rose. The Hang Seng fell .3% to…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 3Could Retail Cut Another One Million Jobs In 2009?
The media has been full of news about how heavily retailers will have to cut store locations next year. Three weeks ago, 24/7 Wall St. ran an analysis of the retail companies which might…
The 52-Week Low Club (MSO)(CHTR)(DOW)
Dow Chemical (DOW) Deal with Kuwait is dead. Falls to $14.93 from 52-week high of $43.43. Martha Stewart Living (MSO) No special news. Media stocks just keep falling. Drops to $2.55 from 52-week high…
Ford (F): Kerkorian No Longer Considered “Smart Money”
Kirk Kerkorian used to be considered "smart money". He wears a dunce hat now that Ford (F) is back near $2. According to Reuters his investment firm, Tracinda Corp., has sold all of its…
China To Build Strategic Oil Reserves (SNP)
In late 2005, China began to fill its strategic petroleum reserve of 102 million barrels. It has added to the reserve on and off ever since, sometimes buying the oil on the open market…
Colder Weather Warms Gas Company’s Results (PNY)
Piedmont Natural Gas Company (NYSE:PNY) this morning reported results for its 2008 fiscal year, which ended on October 31st. The company reported EPS of $1.49 on earnings of $110 million, compared with EPS in…
SCANA Added to S&P 500, Celebrates by Issuing New Shares (SCG, JPM)
SCANA Corporation (NYSE:SCG), a producer and marketer of electricity, will be added to the Standard & Poor’s 500 Index after the market closes on December 31st. To celebrate the occasion, SCANA is offering 2…
Corporate Profits: Six Quarter Decline With Worst To Come (AAPL)(C)(XOM)(TWX)
A Bloomberg review of the S&P 500 stocks shows that the fourth quarter of 2008 will probably be the sixth quarter of declining earnings. According to the news service, "Fourth-quarter profit at companies in…
Billionaire Mark Cuban Discloses 9.4% Stake in Carmike Cinemas (CKEC)
Billionaire Mark Cuban disclosed a 9.4%, or 1,200,000 share, stake in Carmike Cinemas, Inc. (Nasdaq: CKEC). Cuban did not hold a prior stake in the company. Curban disclosed that he paid $2,758,376 for the…
Oil Profiteering For Fun And Money
Nothing could really stop the falling price of oil as it slumped from $147 last summer to well under $40. The recession caused too big a drop in demand. OPEC was repeatedly humiliated by…
The Fed Cannot Create Economic Growth
John Tamny RealClearMarkets As the year 1970 drew to a close, some of President Richard Nixon’s top economic advisors were frantically searching for ways to grow the economy ahead of the ’72 elections. Herbert…
Early Analyst Calls (CHTR)(HON)(AEO)(MAR)
Charter Communications (CHTR) was downgraded to "sell" at Citigroup. Honeywell (HON) was downgraded to "hold" at Argus. American Eagle (AEO) was startes as "buy" by Pali.
A Mistaken Vote For US Banks (FRE)(FNM)(C)(WFC)(BAC)
At some point all stocks get too cheap. Enron go too cheap. So did Fannie Mae (FNM) and Freddie Mac (FRE). The next round of company shares that appear to be bargains is bank…
Early Bird Analyst Upgrades & Downgrades (SPF, FPL)
So far there are very few analyst calls seen, but that may be the norm for this week. Here are today’s early bird analyst callls: Standard Pacific (SPF) Raised to Buy at UBS. FPL…
The Sony (SNE) Turnaround Goes To The Morgue
Sir Howard Stringer’s appointment in 2005 as Sony’s CEO was meant help turn the company into what it used to be–Apple (AAPL) based in Tokyo and not Cupertino. With products like the Walkman and…