Asia Markets and Europe Open (1/25/2010)
Markets in Asia were down modestly The Nikkei fell .7% to 10,513. Toyota (NYSE:TM) was down. The Hang Send dropped .8% to 20,587. The Shanghai Composite was down 1.1% to 3094. At the open…
All Work
Douglas A. McIntyre
If Not Bernanke, Who? A Short List.
Some members of the Senate have turned against the nomination of Ben Bernanke as the chairman of The Federal Reserve. They feel that he may be to0 closely associated with the actions of the central bank…
Weekend Thoughts, Meredith Whitney’s New Contra-Opinion On Banks (GS, MS, JPM, BAC, WFC, BX)
Notorious banking analyst Meredith Whitney turned out to be right in her recent calls against being long the major banks and brokerage firms, although for the wrong reasons ahead of the latest sell-off that…
Oil Patch: Rig Counts Rise Despite Falling Oil (BHI, OIH, USO)
The rig counts are still heading in the right direction for stable oil and a steady flow of oil and gas supplies according to the Baker Hughes Inc. (NYSE: BHI) weekly rig counting data. …
SIRIUS Financial Take: Howard Stern/Pandora Risks (SIRI, AAPL)
SIRIUS XM Radio (NASDAQ: SIRI) has been a key trading focus of late, mostly with positive metrics. The company has now posted positive cash flow for the entire year of 2009 and it showed…
Killing Fannie & Freddie (FNM, FRE)
Barney Frank may have caused a recovery of some banking losses in trading yesterday by saying he’d be against any bank-trading abolition that would be immediate and/or financially disruptive to an economy that is…
Today’s Best Market Rumors (1/23/2010) (SIRI)(KO)
Updated throughout the day. Conan O’Brien could end up on Comedy Central (Reuters) Howard Stern of Sirius XM (NASDAQ:SIRI) is getting offers from traditional radio networks (Barron’s) Obama’s plans for banks show that Geithner…
AMD: When Analyst Calls Are Night & Day (AMD, INTC)
Advanced Micro Devices Inc. (NYSE: AMD) is taking a breather this morning after last night’s earnings. At 9:26 AM EST we had shares trading down 5.9% at $8.46 on about 915,000 shares; right after…
Five IPO’s On Deck (BRK-B, SYA, CLU, CHSP, CHC, TRNO)
Today could be called IPO Friday. We have four confirmed priced deals, and likely a fifth. The IPO’s involve Berkshire Hathaway Inc. (NYSE: BRK-B) for its Symetra Financial (NYSE: SYA), followed by Cellu Tissue…
Top Analyst Upgrades & Downgrades (APA, JPM, JCOM, FCX, PLD, RTP, SLB, SCR, SLM, TXN, UNH, X, ZMH)
These are this morning’s top analyst upgrades, downgrades, and initiations seen from Wall Street research calls: Apache Corp. (NYSE: APA) Started as Sector Underperform at Scotia. JPMorgan Chase & Co. (NYSE: JPM) Raised to…
GE (GE) Bests Estimates, Entertainment And Capital Results A Horror
GE (NYSE:GE) did better than most Wall St. analysts believed it would. Fourth-quarter revenue fell 10% to $41.4 billion. Fourth-quarter earnings from continuing operations attributable to GE were $3.0 billion, down 22% from $3.9…
Its Reputation In Question, Toyota Makes Another Big Recall
By Douglas A. McIntyre Gone are the days when Toyota (TM) completely dominated the JDPower and Consumer Reports customer satisfaction and vehicle quality surveys. American car companies have made quality gains, and even firms…
Piracy Takes The Profits Out Of Music Business, Again
The International Federation of the Phonographic Industry, a global association of music publishers, says that the piracy of songs is sharply undermining the rise of digital song and album sales. According to the FT, “The…
Legions Would Be Hurt By Obama Bank Rules
There may be merit in Obama’s notion of limits on the size and activities of banks. Banks that trade for their own accounts may be a different and more dangerous beasts than banks that hold…
Supreme Court Tells Big Business To Spend Itself To Death
The Supreme Court’s decision on the 21st will allow corporations to give more money to support or oppose political candidates. Legal experts say that the move reverses a decision made by the court almost…
Media Digest (1/22/2010) Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: China battle back at US charges about cyber attacks. Reuters: Under the new Obama proposal, banks may drop private equity assets. Reuters: Hershey (NYSE:HSY) will not make a counter bid for Cadbury (NYSE:CBY) Reuters: Toyota (NYSE:TM) upped…
Asia Markets And Europe Open (1/22/2010) Sell Off
Markets is Asia were lower The Nikkei fell 2.6% to 10,591. The Hang Seng was down .9% to 30,678. HBC (NYSE:HBC) fell sharply. The Shanghai Composite dropped 1% to 3,129. At the open in…
AMD Mixed Show (AMD, INTC)
Advanced Micro Devices Inc. (NYSE: AMD) moved after the company beat earnings expectations. The distant #2 PC processor posted earnings of -$0.05 in non-GAAP EPS as revenues rose over 40% to $1.65 billion in…
Toyota… Another Recall (TM)
Toyota Motor Corp. (NYSE: TM) may have been the most revered auto company of the world for reliability, but recall issues are making this company sound more and more like a Detroit auto company…
Google, When Great Isn’t Enough (GOOG)
Google Inc. (NASDAQ: GOOG) reported earnings of $6.79 EPS on revenues of $4.95 billion in revenues. Thomson Reuters has estimates for the online search leader at $6.50 EPS and $4.92 billion in revenues. The…