Goldman Sachs Adds RIO to Conviction Buy List (RIO)
Goldman Sachs is maintaining its Buy rating this morning on Companhia Vale do Rio Doce (NYSE: RIO), but the firm is adding the stock to its Americas Conviction Buy List. Shares are down over…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 322Top 10 Pre-Market Analyst Calls (CI, FPL, GPS, HA, LEH, MON, POT, UPL, WFC, XRTX)
These are the top ten analyst calls we are looking at this Monday morning in pre-market trading: CIGNA (NYSE: CI) raised to Buy at UBS. FPL Group (NYSE: FPL) raised to Overweight at Lehman.…
Apple (AAPL) Safari Targets Microsoft (MSFT) Windows
According to The Inquirer, Apple (NASDAQ: AAPL) is releasing the latest version of its Safari operating system to Windows users. It may get some of them to switch. Hard to see that the move…
Selling A Piece Of The Federal Reserve
There is growing concern about where the Fed will get the hundreds of billions of dollars it will need to bail-out failing banks and brokerages. Most economists point to the tax-payer as the ultimate…
Verizon (VZ) Flanks The Cable Guys Again
Verizon (NYSE: VZ) has started to give the cable companies fits with its new fiber-based TV and broadband services. The offering has all of the advantages of cable products and claims to have faster…
A 95% Off Sale At Big Banks (JPM)(UBS)
For reasons that are not entirely clear, JP Morgan (NYSE: JPM) filed detailed information on the valuations of securities held by itself and other banks with a court in Canada. According to the FT…
A Harvest Of Pain: Q1 Earnings Estimates Revised Down
Optimistic securities analysts are starting to lose their nerves. According to the Reuters Estimates survey, Wall St. thinkers now believe that earnings for the S&P 500 will drop 5.5% in the first quarter of…
The Perverse Ethics Of Wall St., Countrywide (CFC) Refugees Turn Vultures
"There are no second acts in American lives"–F. Scott Fitzgerald Several former Countrywide (NYSE: CFC) executives are starting a new company, with the support of financial company Blackrock (NYSE: BLK) to buy troubled mortgages.…
JP Morgan Cries “Uncle” (JPM)(BSC)
Samson has been shorn of his locks and blinded. JP Morgan (NYSE: JPM), it appears, will raise its bid for Bear Stearns (NYSE: BSC) from $2 a share to $10. It is not necessary…
Media Digest 3/24/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to The New York Times, JP Morgan (JPM) is in talks to raise it bid for Bear Stearns (BSC) from $2 to $10. Reuters writes that analysts now see a steep drop in…
Asia Markets 3/24/2008
Markets in Asia were mixed and Hong Kong was closed for a holiday. The Nikkei fell a fraction to 12,480. Toyota (TM) was up 1% to 5270. Yahoo Japan was up 2.5% to 50500.…
Big Mergers For A Recession Economy, Do Firms Like Ford, Citigroup, and Sears Go Away?
"The current financial crisis is the most serious since the second world war, and perhaps since the Great Depression."–The London Observer, March 23, 2008 Many investors find it hard to believe that some of…
Letter From SEC Chairman Says Bear Stearns (BSC) Could Have Weathered Storm
In what is likely to be a bit of a blockbuster, SEC charman Christopher Cox sent a letter to Swiss regulators indicating the Bear Stearns (NYSE:BSC) did not have to go the way of…
Big Mergers For A Recession Economy
Many investors find it hard to believe that some of the largest companies in the country could be taken over and cease to be independent public companies. In a very deep recession, which the…
How Much Higher Will Bear Stearns Ultimately Fetch? (BSC, JPM)
The last 5 to 10 trading days have been dominated by Bear Stearns (NYSE: BSC). Whether it was over the counterparties ceasing to accept their credit, whether it was the CEO publicly calling themselves…