Today’s Best Market Rumors (2/3/2010)
Updated throughout the day. The US could lose its Aaa bond rating at Moody’s (CNBC) Obama will outline a significant stimulus for alternative energy (Reuters) Bank of America (NYSE:BAC) will pay out nearly $4…
All Work
Douglas A. McIntyre
Major Premium Buyout at Home Diagnostics, A Return To Old Prices (HDIX)
Home Diagnostics, Inc. (NASDAQ: HDIX) is this morning’s top pre-market gainer, on news of a buyout. The company has agreed to be acquired by Nipro Corporation for $11.50 per share in a $215 million…
Top Analyst Upgrades and Downgrades (BIDU, CNQ, CCH, GENZ, KFT, LOW, MCD, NDAQ, NEM, QSFT, UBS, WCRX, VALE)
These are this Wednesday’s top analyst upgrades, downgrades, and initiations seen from Wall Street research calls: Baidu Inc. (NASDAQ: BIDU) Reiterated Buy but target raised to $550 at Goldman Sachs. Canadian Natural Resources (NYSE:…
Toyota Troubles Mount With Conspiracy Theories
Toyota’s (NYSE:TM) problems get worse with the passing of each day. The company recalled about eight million vehicles worldwide from problems with accelerators. Toyota then shut down production for most of the models which…
An FDIC For Proprietary Trading (GS)(JPM)
The federal government forever has the habit of reinventing the wheel when a perfectly good wheel is already available. Paul Volcker and his allies on Capitol Hill would like banks that take deposits to refrain…
Bank Of America And AIG Set Favorable Bonus Payouts
The trend begun by Goldman Sachs (NYSE:GS) to pay bankers and management generous bonuses has begun to move to other financial firms. AIG (NYSE:AIG) said it had been able to get back only $20…
More People Pay Credit Cards Ahead Of Mortgages
Better to be able to have a credit card than to own a home. TransUnion reports in a new study that the percentage of people current on their credit cards but delinquent on their mortgages rose…
Media Digest 2/3/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: Volcker believes that banks should not be allowed to make risky trades. Reuters: Toyota (NYSE:TM) sales dropped after its recall announcements. Reuters: More US consumers are paying credit cards before mortgages. Reuters: Bank of…
Asia Markets And Europe Open (2/3/2010)
Markets in Asia were higher. The Nikkei rose .3% to 10,404. Toyota (NYSE:TM) rose and Honda (NYSE:HMC) posted strong earnings. The Hang Seng was up 2.2% to 20,708. The Shanghai Composite was higher by…
Ford Fleet Sales Account For Over 100% Of January Gains
Ford (NYSE:F) did not bother to put it in the fine print, not exactly. The firm’s January sales rose 24.6% to 116,543 from 93,506. That includes 4,128 Volvos sold last month. Fleet sales represented…
Trimble and GPS Earnings… No Bust, No Boom (TRMB, GRMN)
Trimble Navigation Limited (NASDAQ: TRMB) is seeing some mixed reaction after earnings offer no major boom nor a major bust for the world of global positioning companies and the new competition of free apps…
Toyota (TM) Passes Ford (F) On Its Way Down
The only thing surprising about Toyota’s (NYSE:TM) January sales results is that they were not worse. Its recalls will probably catch all the way up with them in February. Toyota’s unit sales for last month…
Electronic Trading Price Wars (AMTD, SCHW, ETFC, IBKC)
Shares of electronic trading firms are under a bit of pressure today over fears of more price wars in the highly competitive electronic trading arena. The pressure comesx after Fidelity said it was cutting…
Leap’s Best Chance (LEAP, PCS, S, T, VZ)
Leap Wireless International Inc. (NASDAQ: LEAP) was up huge late in the trading on Monday. In fact, it posted double-digit percentage gains on late-day that it had hired Goldman Sachs and Morgan Stanley to…
How The Deficit Could Curb American Power
From The Atlantic Wire By Max Fisher With the U.S. budget deficit to hit $1.6 trillion in the current fiscal year, a post-World War Two record, grim predictions are rolling in. Deficit spending is…
Today’s Best Market Rumors (2/2/2010)
Updated throughout the day. The George Soros controlled Latin American land and energy venture Adecoagro may raise money via an IPO (Bloomberg) Goldman Sachs (NYSE:GS) may cut its CEO’s annual payout because of pressure from…
Top Day Trader Alerts (CITP, DHI, ITMN, LXK, SIRI)
These are today’s top day trader and active trader alert stocks. We have links over to VSInvestor (except on one) with more details and analysis on each story: Comsys IT Partners, Inc. (NASDAQ: CITP)…
Top Analyst Upgrades and Downgrades (AMD, AA, AXP, APC, COF, DFS, XOM, FCX, MA, Q, SCHN, PCU, V)
These are this Tuesday’s top analyst upgrades, downgrades, and initiations seen in early all Street research calls: Advanced Micro Devices (NYSE: AMD) Cut to Conviction Sell at Goldman Sachs. Alcoa Inc. (NYSE: AA) Raised…
FHA Numbers Indicate Rise In Foreclosures
By Douglas A. McIntyre The percentage of mortgages backed by the FHA that are in default has risen by a third over the last year. According to a report in The Washington Post, “About…
China Economic Indicator: Largest Oil Company To Up Output 28%
If there was any question about how quickly the Chinese think their economy will grow this year, the production targets for Cnooc, its largest off shore oil and gas exploration company, answer them. Cnooc plans…