Consumer Confidence Crashes
One of the key measures of consumer confidence fell through the floor. The RBC Cash Index dropped to 33.1 in early March, down from 48.5 in February. The figure was the worst since the…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 343NYSE Short Interest Hits Record Led By Huge Increases In Financials
The short interest on the NYSE hit an all-time record for the period ending February 29. Figures by company compare to shares sold short on Ferbruary 15. Financial firms had significant increases in short…
Media Digest 3/7/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, falling home prices could keep buyers on the sidelines until they see a bottom. Reuters writes that a Microsoft (MSFT) deal with Yahoo! (YHOO) could hurt Google (GOOG) in Asia. Reuters…
Asia Markets 3/7/2007 (SNE)(CHL)(PTR)
Market is Asia were down sharply. The Nikkei fell 3.3% to 12,783. Honda (HMC) was down 4.2% to 2990. Sony (SNE) was down 5.1% to 4610. The Hang Seng was off 3.5% to 22,518.…
The 52-Week Low Club (MS)(LEH)(WB)(FNM))(MER)(C)(JPM)
Thornburg Mortgage (NYSE: TMA) Fear of Chapter 11. Falls to $1.26 from 52-wek high of $28.40. CIT Group (NYSE: CIT) Lehman Brothers cuts price target. Drops to $15 from 52-week high of $61.47. iStar…
Apple’s iPhone Strategy For Business, A Long Journey in the Making (AAPL, RIMM, MSFT, PALM, T)
Apple has determined that the best way to reach and ultimately exceed its goal of selling 10 million iPhones this year is by adding more features and opening up the code and making the…
An Idiot’s Guide To A Bad Economy
Today was the day the roof officially fell in on the US economy. News from Europe involving bank trouble at UBS (NYSE: UBS) and an inadequate rescue of Ambac (NYSE: ABK) helped push at…
American Water Works Closer To IPO (AWK)
American Water Works may be closer to coming public. The huge water utility has an amended IPO Filing with full fiscal details for 2007. It lists that is intends to sell up to $1.5…
Is Annaly Really Immune? (NLY, TMA, CIM)
Shares of Annaly Capital Management, Inc. (NYSE: NLY) are being pounded this morning. The reason for the selling isn’t on its own news. Competitor Thornburg Mortgage (NYSE: TMA) has fallen some 60% on massive…
View on Intel: Maturity Versus Growth (INTC)
After the first day of the Intel Corp. (NASDAQ: INTC) analyst day, we have been looking through many opinion pieces and reports. There is one standout report that addresses growth and value, without being…
Big Financials Hit 52-Week Lows (TMA)(MER)(FRE)(JPM)(C)(BAC)(WM)
A number of the large financial stocks took news of a write-down at UBS (NYSE: UBS), debt problems at Merrill Lynch (NYSE: MER), and downgrades of Thornburg (NYSE: TMA) hard. Hitting 52-week lows early…
Wal-Mart Juices Dividends (WMT)
Wal-Mart Stores Inc. (NYSE: WMT) already gave stronger sales than most this morning, but the company is doing another shareholder friendly initiative that is far better than a stock buyback: It is hiking its…
Goldman Sachs Hikes Ag/Fertilizers (MOS, MON, MOO)
Goldman Sachs has come out positive on two companies that overlap in agriculture and fertilizer plays this morning, and it has raised estimates and targets: The firm recently visited Monsanto (NYSE: MON) and it…
Goldman Sachs Updates Oracle/BEA Targets, Issues Buy on Oracle (ORCL, BEAS)
Oracle Corp. (NASDAQ: ORCL) is being reinstated as a "Buy" rating in new coverage this morning at Goldman Sachs. The firm notes that with macroeconomic concerns being front and center, shares of the enterprise…
Apple (AAPL) Misses Movie Rental Target
Apple (NASDAQ:AAPL) is way shy of its movie rental goals. Apple planned to have 1,000 movies available for its set-top box. According to the The Assocated Press that number is closer to 400. Steve…