It’s Here! Tesla Motors Files For IPO
Tesla Motors, Inc. has finally filed for an initial public offering. The maker of the electric roadster and electric sedan filed to sell up to $100 million in common stock in an IPO after…
All Work
Douglas A. McIntyre
AIG Discloses 2008 Troubled Derivatives Hand (AIG, BAC, GS, UBS, BCS)
American International Group Inc. (NYSE: AIG) has released more information on many of the troubled Maiden Lane III derivatives transactions. These are those contracts that helped to knock the company down from a financial…
Amazon Reigns Online: Could Offline Be Next? (AMZN, AAPL, WMT, TGT)
Quarterly results at Amazon.com Inc. (NASDAQ: AMZN) beat even the company’s own high estimates for revenue and profits. A lot of that was due to the success of the company’s Kindle e-reader and to…
Oil Rig Counts Still On The Rise (BHI, OIH, USO)
The rig counts are still mostly heading in the right direction, at least they are if you want to see a robust oil sector along with some oil price stability. Baker Hughes Inc. (NYSE:…
WisdomTree’s Shrinking ETF Portfolio (WSDT, DBT, DRF, DBR, DPN, DPC, DDI, DGG, DEB, EEZ, USY)
WisdomTree (Pink Sheets: WSDT) has become fairly well-known in the world of exchange traded funds. But today is a sad day for ETF traders, and is just further evidence that there are some solid…
Weekend Bargain Hunters Visiting PIIGS (PT, IRE, AIB, IRE, NBG, OTE, CCH, DRYS, DSX, SNF, EWP, BBVA, STD, REP, TEF)
First it was Iceland, then came the PIIGS… This is of course the acronym for Portugal, Italy, Ireland, Greece and Spain…. although this is really an issue of PIGS front and center without considering…
Today’s Best Market Rumors (1/29/2010) (CHRD)(VMW)(TM)
Updated throughout the day. Germany and France are putting together a rescue package for Greece (various) Obama may seek $55 billion to develop nuclear plants (Bloomberg) Toyota (NYSE:TM) has discovered a fix for its…
5.7% GDP Helping Markets, Comparisons Come With Caveats
It has to sound like the recovery of the century when you hear that the first look at fourth quarter Gross Domestic Product rose to +5.7%. Dow Jones had estimates of 4.8%, while we…
Top Analyst Upgrades & Downgrades (COF, CAT, CERN, CHKP, MOT, PCYC, POT, SNDK, TTWO, URBN, WMT)
These are this morning’s top analyst upgrades, downgrades, and initiations seen from Wall Street research calls: Capital One Financial (NYSE: COF) Raised to Buy at SunTrust. Caterpillar Inc. (NYSE: CAT) Raised to Outperform at…
Toyota Dealers Face $2.5 Billion Monthly Loss
One part of the calculus involved in the cost of Toyota’s (TM) recall of 8 million cars is what it will do to the profits of its more than 1,200 US dealers. BusinessWeek estimates that the aggregate…
Windows 7: Is the PC Recovery A Mirage?
Microsoft (MSFT) announced that its revenue rose 14% in the last quarter to $19 billion. EPS rose 57% to $.74. Most of the improvement was due to the sales of Microsoft’s new PC operating…
A $33 Billion Employment Program Follows a $75 Billion Housing Plan
The president has decided to propose a $33 billion program to drive new hiring, particularly among America's small businesses. The system would be based on tax credits for every new worker hired. The benefit…
When Stocks No One Cares About Rise: The Deindustrialization Of America
Shares in almost every major American company on the most active list fell and in some cases fell sharply on the 28th. The stock of Qualcomm (NASDAQ:QCOM), the largest handset chip maker in the world,…
Media Digest 1/29/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: Congress will probe the Toyota (NYSE:TM) recalls. Reuters: Samsung said chip and TV demand is strengthening. Reuters: Some AIG (NYSE:AIG) employees are open to cuts in retention pay.
Asia Markets And Europe Open (1/29/2010)
Markets in Asia fell. The Nikkei was off 2.1% to 10,198. Toyota (NYSE:TM) dropped more on recall news. The Hang Seng fell 1.2% to 20,122. The Shanghai Composite was down by .2% to 2,989.…
Amazon Delivers, But Why a $2 Billion Buyback? (AMZN)
Amazon.com Inc. (NASDAQ: AMZN) has just reported earnings of $0.85 EPS and $9.52 billion in revenues. Thomson Reuters had estimates of $0.72 EPS and $9.04 billion. The company sees $6.45 billion to $7 billion…
Microsoft Beats, But Leaves Little New (MSFT)
Microsoft Corporation (NASDAQ: MSFT) has just reported earnings of $0.74 on the headline and $0.60 EPS for non-GAAP earnings and $19.02 billion in revenues. The estimates from Thomson Reuters were $0.59 EPS and $17.84…
52-Week High Club (ALGN, GLTX, SOA)
Align Technology Inc. (NASDAQ: ALGN) rose over 15.5% to a yearly high of $19.25 after the maker of teeth straightening technology forecast first quarter earnings of $0.12 or more, topping analyst estimates. Gentex Corporation…
Potash/Fertilizer Credibility Loss on Earnings and Pricing (POT, MOS, AGU, MOO)
Potash Corp. (NYSE: POT) has been one of the amazing companies in an amazing sector, or at least it was back when the developing world was moving from one meal to two meals a…
Signs Of The Apocalypse: Large Multinationals Layoff Over 60,000 In January
The large multinational companies were supposed to have done their layoffs during the first half of 2009, when the recession was at its worst. Those layoffs should have cut as close to the bone as…