Oil Hurricane to Hit New Orleans
At 5,000 barrels per day, the leak from the blowout of the Deepwater Horizon is spreading at a rate that would surpass the amount of oil dumped by the Exxon Valdez in another 45…
All Work
Douglas A. McIntyre
The Month’s Biggest Index Losers: Chinese Agriculture, Agri Chemical and Fertilizers, and Tobacco Stocks
There were strong losses in three Tickerspy indexes over the most recent 30-day period. This month’s biggest fallers are in Chinese agriculture, genetic analysis, and agricultural chemical and fertilizer stocks. Chinese agriculture stocks continue to decline, and are down…
First Solar Soars, Will It Burn And Fall? (FSLR, SPWRA, JASO, TSL, SOLF, YGE)
Shares in First Solar Inc. (NASDAQ:FSLR) are soaring this morning, following its first quarter earnings report. The PV solar panel maker posted EPS of $2.00, a penny more than a year ago, on revenue…
Allegient Air: The Tiniest Airline In The Universe.
By Robert Herbst How about it is the only consistently profitable US airline for the last 29 consecutive quarters? Allegiant (ALGT), based out of Las Vegas, labels themselves as: “A leisure travel company focused…
Why Is Microsoft-HTC Deal A Game Changer?
By John Hudson, The Atlantic Wire The last time we checked in with HTC, Apple was trying to sue its pants off for patent infringement. Now, the Taiwanese cell-phone maker has forged a major…
Greek Debt Issues Not In Drachma
The Council On Foreign Relations points out that Greece has been issuing it debt in euros and not drachma for some time. “Greece consistently relied on non-drachma debt issuance well before it adopted the…
Today’s Best Market Rumors (4/29/2010)
Updated throughout the day. Short covering may have driven Palm’s (NASDAQ: PALM) price up after the Hewlett-Packard (NYSE: HPQ) offer. (Barron’s) “Omers, the Canadian pension fund, is close to agreeing its first European buy-out since opening a…
The Twitter-24/7 Wall St. Stock Market Update 4.29 The Wisdom Of Crowds?
This is the Twitter-24/7 Wall St. market report for April 29, 2010.These tweets are a sign of which companies the Twitter universe is interested in. Is there there is wisdom in crowds?
The Health Of The Economy And Market Speculators
By John Tamny of Forbes The non-scandal at Goldman Sachs has dredged up the silly notion popular on the left and right that while traders and hedge fund types may make a lot of…
As Google Leaves China, Baidu Earnings Rocket 165%
Google (NASDAQ: GOOG) may not have been gone from mainland China for long, but Baidu’s earnings showed why the American search company never had much of a chance to be a big player in the People’s…
Eurozone Nations Can Bail out Their Banks Or Greece
There are several reports that Evolution Equities and Barclays have estimated the cost of a Greek default to Europe’s banks over three years . One of the reports, from the Guardian, says that the…
Spanish Unemployment Moves Above 20%, Europe Numbers Not Credible
Spanish unemployment was higher than estimated in the first quarter which means that its credit crisis may be getting worse more quickly then believed. Information from Spanish newspaper ABC.es and translated by Zerohedge says that…
Media Digest (4/29/2010) Reuters, WSJ, NYTimes, FT. Bloomberg
Reuters: Hewlett-Packard (NYSE: HPQ) will gamble on the smartphone industry with its buyout of Palm (NADSAQ: PALM) Reuters: The oil spill from a BP plc (NYSE: BP) rig is close to shore. Reuters: Obama picked…
Fear Grips Europe as Greek Crisis Threatens to Spread
By Heather Horn Yesterday, Standard & Poor’s again downgraded Greece’s debt, this time to junk level, and downgraded Portugal’s as well. Stock markets across Europe dove on the news, confirming fears of bearish analysts…
Today’s Best Market Rumors
Updated throughout the day. Sinopec (NYSE: SNP) will sell $2.93 billion in bonds (WSJ) Research-in-Motion (NASDAQ: RIMM) has set a goal of 100 million customers worldwide (Globe & Mail) Douglas A. McIntyre Sponsor: 26…
The Twitter-24/7 Wall St. Stock Market Update 4.28 The Wisdom Of Crowds?
Twitter has, by most estimates, 100 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than one million…
BP Faces Investigation Over Rig Disaster, May Burn Oil Slick
BP plc (NYSE: BP) does not have much choice. It said it will cooperate with a US government investigation into the cause of the disaster at the Transocean drilling rig Deepwater Horizon in Mississippi Canyon Block…
Yet Another Delay By Boeing
Problems with supply chain and parts shortages have caused Boeing (NYSE: BA) to yet again delay building some of its 787 Dreamliners . The company said it would halt the building of the 23rd and…
How The Greek Debt Problem Can Be Fixed
Update: The German opposition Green Party said that the Greek bailout could cost 120 billion euros. The yield on Greek two-year bonds rose to 13.5% as S&P cut the credit rating of the nation’s sovereign debt…
Media Digest (4/28/2010) Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: The Fed will probably say it will keep rates low. Reuters: Republicans have come up with their own bank reform plan. Reuters: Wellpoint says it will stop dropping patients. Reuters: Oil continued to…