Asia Markets And Europe Open (3/10/2010)
Msrkets in Asia were narrowly mixed. The Nikkei rose a fraction to 10,564. Toyota (TM) fell. The Hang Seng rose .1% to 21,219. The Shanghai Composite was down 1% to 3,050. At the open…
All Work
Douglas A. McIntyre
American Millionaires And The Search For Work
The statisticians who occasionally cough up data on employment posted two new sets of numbers today. The first was the traditional monthly report from the BLS called “The Job Openings and Labor Turnover Summary”. …
NASDAQ Short Interest Surprise, Down But Up
We just saw some mixed data from the NASDAQ over the short selling data for the February 26, 2010 settlement date. NASDAQ released data after the close today noting that its short interest in…
AIG, Citi… From Chatter to Technical Move (AIG, C, FNM, FRE)
American International Group, Inc. (NYSE: AIG) is seeing a significant trading event today. Today’s news is rumor-driven on top of related news-driven trading. What is odd is that there is now potentially more to…
Crash Anniversary: DJIA’s 100% Gainers (BAC, AXP, AA, BA, CAT, DD, DIS, GE, HPQ, JPM, CSCO, MMM, MSFT, UTX)
March 9, 2009 marked the absolute apex of selling and marked the official ending date of the bear market. At the time, many were expecting stocks to see gains because of grossly oversold conditions. …
Cisco’s Non-Event Event: Does Anyone Want A Faster Internet?
Al Gore invented the internet, and Cisco (CSCO) will improve it forever. Cisco built up today’s announcement of its latest technology and the result of the news was that the firm’s stock dropped. Cisco…
National Employee Morale Day At Chevron (CVX)
Chevron (CVX) said it would lay-off 2,000 people. The company issued a press release describing its plans which had the title “Chevron Well-Positioned For Future Growth” Firing employees must be integral to that. Chevron also indicated it…
More Secondary Offerings Hitting (CMA, SUSQ, VOLC)
We have three secondary offerings of note today, with two having an impact in the stock. Comerica Incorporated (NYSE: CMA) is raising $800 million and Susquehanna Bancshares, Inc. (NASDAQ: SUSQ) is raising $350 million. …
Best Market Rumors (3/9/2010)
Updated throughout the day. Marsh & McClennan (MMC) plans to sell its corporate investigations division Kroll for $1.3 billion. Bidders may include The Carlyle Group, Apax Partners and General Atlantic (FT) DryShips (DRYS) may be…
Top 10 Analyst Upgrades and Downgrades (BIIB, CMA, ENER, ESLR, FSLR, MAT, HK, TRV, YUM, ZRAN)
These are this Tuesday morning’s top analyst upgrades, downgrades, and initiations seen in early Wall Street research notes: Biogen Idec (NASDAQ: BIIB) Started as Buy at Soleil. Comerica (NYSE: CMA) Cut to Market Perform…
Twenty-Seven Percent Of Workers Have Under $1,000 In Savings
America’s role in the world as a nation of financial risk takers does not appear to be eroding. The Employee Benefit Research Association has released the results of it 20th annual Retirement Confidence Survey. The most stunning…
Now Prius Has Accelerator Problem
“What can go wrong, will go wrong”–Murphy’s law A California Highway Patrol officer had to help the driver of a runaway Prius stop his car after its hit 94 miles per hour. The Prius…
HP Slate Looks More And More Like iPad Rival
The Apple (AAPL) iPad tablet computer looks like it will launch into a market where it has no rivals. The Amazon (AMZN) Kindle is not a PC at all. It is underpowered and has limited software…
Hope Of Employment Improvement In Second Quarter Dims
Seventy-three percent of companies polled in a new Manpower survey said their will not hire employees in the second quarter. The Manpower Employment Outlook Survey covers 18,000 companies across all major industry sectors. The…
Goldman Sachs (GS) Sued Over Compensation Practices
The International Brotherhood of Electric Workers, a shareholder in Goldman Sachs (GS), filed a lawsuit in Delaware which accuses the investment bank of overpaying its management and bankers. The union wants Goldman to give…
China Will Keep Buying US Debt Due To Few Other Alternatives
China says it will keep buying US debt. “The U.S. Treasury creates the world’s largest government bond market. “Our foreign exchange reserves are huge, so you can imagine that the U.S. Treasury market is an…
Media Digest 3/9/2010 Reuters, WSJ, NYTimes, FT, Bloomberg.
Reuters: Toyota (TM) said it found no electronic safety problems with its cars. Reuters: China said it was committed to US debt but worried about gold. Reuters: Japanese car companies are studying a brake…
Asia Markets And Europe Open (3/9/2010)
Markets in Asia were narrowly mixed. The Nikkei fell .2% to 10,588. The Hang Seng rose .1% to 21,208. China Life (LFC) rose. The Shanghai Composite was higher by .5% to 3,069. At the…
Toyota, Guilty As Sin, Tries To Muddy The Waters
Toyota (TM), clearly the builder of millions of cars with brake and accelerator problems, has tried to change the public’s focus away from its recalls, government investigations, and what will be multibillion liability suits. The Japanese car company says ABC News…
Biophama Firms Lexicon And Poniard In The Hurt Locker
Biophama companies are horrible investments at least 90% of the time because they are gambles on the IQs of small groups of scientists and the whims of the FDA. Poniard Pharmaceuticals (PARD) and Lexicon Pharmaceuticals (LXRX) proved the…