Valero Finally Worth a Look (VLO, COP)
The refining industry has been under pressure for some time. It seems that rising prices were not a shoe-in for windfall profits at all. A rapid drop in oil prices was also not a…
All Work
Douglas A. McIntyre
FOMC: Free Money Policy Remains… 1 Dissenting Vote
The Federal Open Market Committee has just kept rates steady at the ongoing 0.00% to 0.25% rate target. The vote today was 9-1 rather than unanimous, with KC’s Hoenig being the dissenting vote. The…
J.C. Penny Reaction To 24/7 Wall St Store Closing Lists
J.C. Penney (NYSE:JCP) sent 24/7 Wall St. a reaction to the 2010 Major Store Closing List: Mr. McIntyre… After reading the 24/7 Wall Street “2010 Major Retailer Store Closing List” entry from Jan. 19, we…
New Home Sales Heading Wrong Way (XHB, ITB)
New home sales in December went back the wrong way, which was largely expected considering the data we had already seen from the housing sector in the last week. The problem is that the…
Some Miracle SPAC Deals Succeed, Some in De-Listing Danger (NLX, CIO, ARR, BPW, TLB, UEI)
We have been given some exclusive coverage on the recent developments in special purpose acquisition companies and blank check companies from SPACupdate .com this morning. There have been key developments in Overture Acquisition Co.…
Top Day Trader Alerts (HGSI, BRK-B, SIFY, SANM, TM)
These are this Wednesday’s top day trader and active trader alerts. We have more details and analysis with a link to each full story over at VSInvestor.com: Human Genome Sciences (NASDAQ: HGSI) is trading…
Top 10 Analyst Upgrades and Downgrades (AKS, AMZN, BBY, HGSI, JNJ, KFT, MS, TWX, X, VZ)
These are this Wednesday’s top 10 analyst calls for upgrades, downgrades, and initiations seen in Wall Street research: AK Steel (NYSE: AKS) Raised to Buy at Goldman Sachs. Amazon.com (NASDAQ: AMZN) Raised to Buy/$155…
Today’s Best Market Rumors (1/27/2010) (MSFT)(ORCL)
Updated throughout the day. The Fed may gamble that it can end purchases of mortgage paper without hurting the housing market (Bloomberg) Microsoft (MSFT) Window Mobil 7 will be out this summer (CNET) Oracle…
Cancellation Of Google Nexus One Purchase Costs $350
Google (GOOG) has not been able to make much money from any business other than its huge search advertising operations. The company hopes that sales of its handset called the Nexus One will produce…
Greece Looks To The Chinese Sugar Daddy
Plagued by high deficits and a drop in its credit ratings, Greece has to raise money as quickly as it can to fund its national debt. According to the FT, is will try to…
Signs Of The Apocalypse: The 182 Page CBO 2010 Deficit Analysis
A review of the Congressional Budget Office forecast of the 2010 to 2020 fiscal P&L and balance sheets for the US government leaves the impression that the government is caught in a financial vice from…
Media Digest 1/27/2010
Reuters: Obama will focus on jobs and the deficit. Reuters: Toyota (NYSE:TM) will suspend manufacturing of eight models. Reuters: Geithner and the NY Fed defended their actions in AIG (AIG) bailout. Reuters: China will put no…
Asia Market And Europe Open (1/27/2010)
Markets in Asia fell. The Nikkei dropped .7% to 10,252. Toyota (NYSE:TM) fell on news that it suspending making some models. The Hang Seng dropped .4% to 20,426. The Hang Seng fell 1.1% to…
The AIG Manifesto, All Over Again… and Again (AIG)
The most popular issue outside of bashing bonuses for politicians has been the notion of getting to bash saving American International Group Inc. (NYSE: AIG). This will be an interesting week as the public…
Toyota To Halt Sales Of Eight Models, Reputation In Tatters
Toyota (TM) recently said it expected a 6% increase in global sales this year which would make it the No.1 car company in the world for the second year in a row. The forecast…
Fox Is Most Trusted Network News Operation
Glen Back and Bill O’Reilly have not done as much to damage the credibility of Fox News, a part of News Corp (NWS) which is controlled by Rupert Murdoch, as some analysts suspect. A new…
Buffett & Berkshire Snag S&P 500 Spot (BRK-B, BNI)
It has been speculated that this may occur, but few were expecting this news this soon. Warren Buffett has been notified by Standard & Poor’s Indexes that Berkshire Hathaway Inc. (NYSE: BRK-B) will replace Burlington Northern…
Yahoo! Plugging Along… Sort Of (YHOO)
Yahoo! Inc. (NASDAQ: YHOO) gave earnings after the close today that really offers no great jumping point on the first look for new buy-ins nor for new sell-outs. The number-two search provider said that…
3Com and H-P Closer to Merger, China Review Looms (COMS, HPQ)
3Com Corporation (NASDAQ: COMS) filed with the SEC documents showing that the special meeting of holders approved the merger with Hewlett-Packard Co. (NYSE: HPQ). While this does not make the deal a done-done deal,…
Chinese Solar Stocks Take Off (YGE, JASO, CSIQ, STP, TSL)
Chinese Solar stocks, as measured by Tickerspy’s Chinese Solar Stocks Index (*CHSOL), are up over 4.5% today. The solar sector has performed poorly in recent weeks as a policy shift in Germany, the world’s…