Why Oil Sets New Two-Year High on Growing Demand, Weaker Dollar
The price of a barrel of WTI crude oil reached $88.63 early today, a level it has not reached in more than two years. The price has dropped a bit since then, trading right…
All Work
Douglas A. McIntyre
The Good, The Bad, And The Irrelevant: The Shopping Season Is Toast
BAD The more data that becomes available on the holiday retail season, the worse it looks. New Gallup data shows that “Consumers’ self-reported daily spending in stores, restaurants, gas stations, and online averaged $63…
The Good, The Bad, And The Irrelevant: Level 3 Finally Gets It Right
Good For the first time in a wretch history of poor management, Level 3 (NASDAQ: LVLT) finally got something right. The company has 67,000 miles of broadband backbone used to for VoIP, data, and video…
Liquefied Natural Gas from US Headed to China (CQP, LNG, APA)
Not more than two or three years ago, energy companies believed that the US would begin importing large quantities of liquefied natural gas, or LNG. Re-gasification plants were either expanded or built to accommodate…
The Good, The Bad, And The Irrelevant: Analysts Downgrade Cisco Too Late
BAD Cisco (NASDAQ: CSCO) posted a reasonable improvement in earnings for its most recently reported quarter–fiscal first year profit was $1.93 billion compared to $1.79 billion in the same period a year ago. But,…
Top Active Trader Alert Stocks (ASTI, CSCO, GRRF, DNDN, JNPR, SNIC, WPI)
Active traders and day traders have many stocks to choose from this Thursday morning. We are tracking news and moves in shares of Ascent Solar Technologies, inc. (ASTI), Cisco Systems, Inc. (NASDAQ: CSCO), China Grentech Corporation Limited…
The Twitter-24/7 Wall St. Market Report 11/11/2010 Cisco Dies As Does Ireland Debt
This is the Twitter-24/7 Wall St. market report for November 11, 2010. These tweets are a sign of which companies the Twitter universe is interested in. Is there there is wisdom in crowds?
Today’s Best Market Rumors (11/11/2010) SAIC Buys Into GM, Goldman Pull Money
Updated throughout the day. Chinese car firm SAIC is close to buying a position in the GM IPO (Reuters) Goldman Sachs Group (NYSE: GS) pulled money out of the Harbinger Capital Partners (Bloomberg) Douglas…
Moody’s Upgrades The People’s Republic
Two days ago, a major Chinese credit rating agency downgraded US sovereign debt. The reasons were that deficits and the national debt were too high, and growth was too slow. Today, Moody’s a US-based…
The Ten Businesses The Smartphone Has Destroyed
Global smartphone sales rose by nearly 100% in the third quarter of 2010 compared with the same period last year. That allowed Apple (NASDAQ: AAPL) and Research In Motion (NASDAQ: RIMM) to pick up market share while…
What Cisco Means
Cisco reported a fiscal first-quarter profit of $1.93 billion, or 34 cents a share, compared with a profit of $1.79 billion, or 30 cents a share, for the year-earlier period. Revenue was $10.75 billion,…
Walmart’s War On The Competition
Walmart.com (NYSE:WMT) began to offer free shipping today on many items such as electronics, toys and jewelry. Most of the products in the program are not available in stores. The gambit is clearly meant…
Trouble In Beijing,China Consumer Prices Fly
No one should be shocked that inflation has returned in force to China. It has stimulated its economy enough to create consumer demand for goods and services, increased factory activity, and demand for imported…
Media Digest 11/11/2010 Reuters, WSJ, NYT, FT, Bloomberg
The US has tried to hold together discussions on currency and trade among unruly members of the G20 conference in Seoul. (Reuters) Cisco’s (NASDAQ: CSCO) grim outlook stunned investors. (Reuters) The US has begun…
Why The Deficit Commision Doesn’t Matter
Remember when Mary Poppins sung that it “takes a spoon full of sugar to make the medicine go down?” Well, President Obama’s fiscal commission told the American people nothing could spare them from the…
How Long Before We Can Replace Oil?
Everyone’s heard about peak oil, that elusive point when production of oil begins its inevitable and irreversible decline. The problem with defining that elusive point comes from a few things. First, because more than…
Outrageous CEO Perks: This Year’s Top Picks
By Douglas A. McIntyre Thanks to gross excesses in executive compensation exposed during the financial crisis, CEO pay has come under increased scrutiny in recent years. At the prodding of the SEC, compensation…
Top Active Trader Alert Stocks (CAGC, LLNW, PCBC, SMT, VCGH)
Active traders and day traders have many stocks to choose from this Wednesday morning. We are tracking news and moves in shares of in China Agritech (NASDAQ: CAGC)n Limelight Networks, Inc., (NASDAQ: LLNW), Pacific Capital Bankcorp…
Today’s Best Market Rumors (11/10/2010) Google Raises, Hedge Funds
Updated throughout the day. Google (NASDAQ: GOOG) will give 10% raises to all employees (Business Insider) David Tepper’s hedge fund had a 20% return through October (NYT) Douglas A. McIntyre
Short Sellers Move Into Financials, Out Of Tech
Short sellers moved into the shares of large financial firms, perhaps sensing the effects of new regulation and an exit from proprietary trading businesses. The short interest in Citigroup (NYSE: C) rose 4.8% to…