As Porsche Takes Over VW, Big Three Find An Acquirer
Porsche is not a very big car company, but it has had some special rights to buy a significant amount of equity in the largest car company in Europe–VW. The VW management has not…
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Year: 2008
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Newest first · Page 80Companies Beyond Financial Sector Want Bailout Cash, A Bad Idea (C)(WFC)(NCC)(WB)
Too many mouths to feed. Someone will have to starve. Now that Henry Paulson has $700 billion and some discretion about how to spend it companies from car manufacturers to airlines want a piece.…
The Shorts Get Out Of Banks And Into Tech (C)(WFC)(WB)(BAC)(MBI)(AIG)(INTC)(MSFT)(ORCL)(DELL)(QCOM)(SIRI)(F)
For the period ending October 15, short sellers got out of most banks and brokerage stocks. That is a shame for them. They could have made a killing this week. The short interest in…
Chimera & Annaly, Venturing Further With Vulture Capital (CIM, NLY)
Chimera Investment Corporation (NYSE: CIM) has raised cash via a secondary offering. The mortgage and fixed income investment vehicle, which we have referred to as the first public vulture fund set up to capitalize…
How The New York Times (NYT) Should Save Itself
The New York Times is now running on fumes. S&P has downgraded the company’s debt to junk, and Moody’s is about to do the same. The stock has fallen to $10, and is being…
What The NCC (NCC) Deal Says About Bank Balance Sheets
NCC (NCC) was bought today by PNC in what most people would view as a classic "takeunder" The price of the deal was well below where the shares traded yesterday. NCC’s stock is down…
Can The VIX Hit 100?
The CBOE Volatility Index, or the VIX, has historically been used to measure extreme oversold levels. Unfortunately, history books are about as useful as slapstick and pulp fiction for traders and investors right now. …
5 Friday Stock Winners Despite Market Carnage (CLS, COLM, INSU, IPCR, WDC)
The few winners out there on this ugly friday morning are few and far between, but here are some of the stocks that have managed to actually trade higher despite futures having traded limit…
PNC and National City Banks Merge Despite Armageddon (PNC, NCC)
Today is one ugly day for financial stocks, and probably one of the crummiest days so far that you could pick to announce a merger. Yet hold on to your seats. PNC Financial Services…
Major Tech Stocks Challenging Recent Lows (MSFT, CSCO, AAPL, RIMM, INTC, AMZN, DELL)
Tech stocks are far from immune in the selling. We put together a list of the major stocks trading sharply lower on active trading and we listed the previous 52-week lows to put this…
Banks Tank, Yet Most Still Above 52-Week Lows (BAC, C, GS, JPM, MS, NTRS, USB, WFC)
This is obviously one of our ugliest mornings in years with futures trading limit down. What is interesting is that the financial stocks are the most leveraged to this, yet oddly enough most stocks…
Top Pre-Market Analyst Upgrades (ACC, CLS, CHS, EL, JBLU, SLGN, TRMB)
These are some of the top pre-market analyst upgrades we are seeing this Friday-crash morning: American Campus (ACC) Raised to Outperform at Baird. Celestica (CLS) Raised to Outperform at CIBC. Chico’s FAS (CHS) Raised…
Top Pre-Market Analyst Downgrades (ATI, BIDU, DISCA, FHN, JNS, NOV, PTEC, RSH, SIGM, VRGY)
These are some of the top pre-market analyst downgrades we are seeing this Friday-crash morning: Allegheny Tech (ATI) Cut to Hold at Deutsche Bank. Baidu.com (BIDU) Target Cut to $260 from $350 at Goldman…
Quick Cheat Sheet On Circuit Breakers & Limit Down Futures
We wanted to give you a brief snapshot of how futures work in "limit down" mode pre-market and then give you a quick hit on how the actual stock market circuit breakers work. Today…
Does The Dow Drop 1,000 Points?
The DJIA could drop 1,000 points today. Japan was down 10%. The sell-off rolled across Asia and then hit Europe. Dow futures got down almost 600 points. There is some confusion about why this…