This week on Stockhouse January 28 – February 1
Wednesday marked another big day for stock markets, in theory, as the US Federal Reserve announced another .5% cut in the Fed Funds rate, bringing the level down to 3%. Markets didn’t pay much…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 38852-Week Low Club (AVID, CERN, DRIV, MIL, NZ, OMCL, HPOL, FLE, ACTU)
These are some of the more active stocks that were trading on new 52-week lows today: Avid Technology Inc. (NASDAQ: AVID). Selling at lowest level since 2003 today at around $19.20 due to downgrades…
Carl Icahn Buying Into J.C.Penney? (JCP)
The WSJ has reported that Carl Icahn has been amassing a stake in J.C.Penney Co. (NYSE: JCP). Unfortunately, the WSJ is citing "people familiar with the matter." Those people are not always clear and…
FDA’s First Stent Approval Since 2004 (MDT, JNJ, BSX, ABT)
Medtronic, Inc. (NYSE: MDT) has just announced that it has received formal approval from the FDA to market its Endeavor Zotarolimus-Eluting Coronary Stent System for the treatment of coronary artery disease. This had been…
Will Transmeta Agree To Sell For $15.50? (TMTA, INTC, AMD)
Transmeta Corp. (NASDAQ: TMTA) may be an interesting stock now. The company scored a major win with a legal settlement/victory last year over Intel (NASDAQ: INTC). Now Transmeta issued a statement that it has…
Chevron Beats Earnings On Mixed Results (CVX)
Chevron Corp. (NYSE: CVX) has posted strong earnings today, although there are some mixed operational numbers that might bring at least some pause for shareholders. Higher oil prices are finally generating higher profits for…
Exxon Mobil Has Biggest Quarter Ever (XOM)
It appears that record oil prices really are paying off for Exxon Mobil Corp. (NYSE: XOM). The largest company by market cap is reporting that it made some $11.66 Billion in quarterly profits on…
Bond Insurer Rescue Package From Banks? (MBI, ABK)
Ambac Financial Group Inc. (NYSE: ABK) and MBIA (NYSE: MBI) are both trading higher in pre-market trading this morning. CNBC squeezed in a report after covering the Yahoo!-Microsoft that there are eight banks that…
Top 10 Pre-Market Analyst Calls (ADBL, GOOG, LOW, MXIM, MEDX, MS, MOT, OI, TIVO, DIS)
Below are ten of the top analysts calls that247WallSt.com is looking at this morning: Audible (NASDAQ: ADBL) downgraded to Hold from Buy at Citigroup. Google (NASDAQ: GOOG) downgraded to Hold from Buy at Jefferies.…
A Big Win For Yahoo! Shareholders, Microsoft (MSFT) Makes A Bid
It is the best news that Yahoo! (YHOO) investors have had in years. Microsoft (MSFT) has offered to buy the company for $31 representing a total equity value of approximately $44.6 billion. Yahoo! trades…
No Cut From OPEC, No Relief For The US
It is all about the "Benjamins". OPEC wants more money, every month of every year. The cartel signaled that it will not increase oil production at its current meeting. Their reason is that the…
2007: The Internet’s Worst Year Ever (GOOG)(YHOO)(EBAY)(AMZN)
Google (GOOG) joined the list of big online companies that disappointed just about everyone with its earnings. Revenue rose 51 percent to $4.827 billion. That just wasn’t enough. Google’s share will probably trade around…
A Way Out For Motorola (MOT): A JV With Sony Ericsson
When Sony (SNE) and Ericsson (ERIC) found that neither had enough market share to go it alone in the global handset business, they merged their operations. During 2007, the joint venture moved its share…
Rio Tinto (RTP): A Mad Bid For Questionable Assets (BHP)(AA)
Most on Wall St. believed that Alcoa (AA) was the odd man out in the metals industry. It missed out on buying Alcan. It has been nowhere to be seen in the big takeover…
Media Digest 2/1/2008 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Chinese mining group Chinalco and Alcoa (AA) have bought 12% of Rio Tinto (RTP) setting up a potential bid against BHP Billiton (BHP). Reuters writes that Motorola (MOT) is considering selling…