Another Blow To Housing: US Mortgage Plan Fails
The US government plans to put as much as $75 billion into programs to keep people in their homes and stanch the flow of mortgage delinquencies and foreclosures. The intention behind the plans is to…
All Work
Douglas A. McIntyre
Anonymous Source Story Of The Week: Google Looked For Help
Google (NASDAQ:GOOG) tried to get several other US companies to stand by it as it called out the Chinese government about cyber attacks on its e-mail service. However, no other firms would “come forward”, despite…
Strike Prices Acting as Tech Share Price Magnets (AAPL, GOOG, AMZN, INTC)
An adage in options trading is that the closest and most active strike prices tend to act as magnets that draw share prices that direction as options expiration date gets closer and closer. So…
$90 Oil… T. Boone Pickens IPO, in Canada
It seems that every investor cares about initial public offerings. And everyone still seems to care about what T. Boone Pickens thinks about the price of oil and what his views are on fixing…
Plains All American Taking IPO Spin-off Route (PAA)
Plains All American Pipeline, L.P. (NYSE: PAA) is pursuing a spin-off strategy which we have seen elsewhere in the energy patch, but it is a strategy that we saw mostly in 2008. The group…
Top Analyst Upgrades and Downgrades (AMD, CMA, EGO, INTC, NVO, OMX, POT, PAYX, RTP, SAP, SPLS)
These are Friday’s top analyst upgrades, downgrades, and initiations seen from Wall Street research calls: Advanced Micro Devices (NYSE: AMD) Raised to Outperform at FBR. Comerica (NYSE: CMA) Raised to Outperform at BMO Capital.…
Today’s Best Market Rumors (1/15/2010) (MOT)(UBS)(CS)
Updated throughout the day. Updated 1.14 PM EST Leap Wireless (NASDAQ:LEAP) may have hired a banker to put itself on the block (Barron’s) Updated 1.14 PM Oracle (NASDAQ:ORCL) may fire 50% of the workforce…
China’s Forex Reserves Growing to Infinity
If you are one of the ones worried that China is taking the world over, you might not need to worry about its military doing that. At the current rate, China will just be…
JPMorgan Chase (JPM) Exceeds Expectations By A Mile
So much for the talk that the reign of JPMorgan Chase (NYSE:JPM) as the top money center bank in the US might come to an end with fourth quarter earnings. The bank blew through expectations.…
Largest Risk To Global Stability May Be China Growth
China’s economic growth is considered by many analysts to be the engine for global GDP improvement. Experts expect China, with its GDP ranked No.2 in the world at close to $5 trillion, will grow well over 10%…
China’s Internet Population Just Shy Of 400 Million In 2009
China’s internet population rose to 384 million at the end of 2009, up almost 30% for the year, according to the China Internet Network Information Center. Nearly 30% of the people in the People’s Republic…
Nintendo Rules And Video Game Sales Rebound
The Nintendo Wii and the company’s ancient DS were supposed to be nearly dead, leaving the door ajar for huge market share gains by the Microsoft (NASDAQ:MSFT) Xbox 360 and Sony (NYSE:SNE) PS3. It did not…
The Bank Tax Is The First Tax Of Many
The Administration is proposing that large banks pay a tax based on .15% of total assets minus high-quality capital, such as common stock, and disclosed and retained earnings. Federal Deposit Insurance Corp.-covered deposits and…
Media Digest 1/15/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: China says there are ways to resolve problems with Google (NASDAQ:GOOG), but the US is uncertain. Reuters: Oil fell to $79 over concerns about the US economy. Reuters: Intel (NASDAQ:INTC) earnings beat expectations.…
Asia Markets And Europe Open (1/15/2010)
Markets in Asia were mixed. The Nikkei .7% to 10,982. The Hang Seng fell .3% to 21.654. The Shanghai Composite was up .3% to 3,224. At the open in Europe, the FTSE was down…
Spying on JPMorgan Chase Earnings (JPM, BAC, GS, WFC, XLF, FAS)
Jamie Dimon and friends over at JPMorgan Chase & Co. (NYSE: JPM) will kick off the earnings season for the major money center banks and too-big-to-fail institutions on Friday in the early morning hours. …
Haiti Donations, Company-by-Company (MS, JPM, BAC, GS, JEF, WFC, WMT, TGT, RAD, MCD, YUM, KO, PEP, K, GIS, GOOG, DIS, CA, T, VZ, WU, MGI, UTX, UPS, ABT, AMGN, HUM)
We have compiled from press releases and from company announcements a company-by-company donation and effort pledge to help in the relief efforts after the disastrous earthquake in Haiti. These are partial explanations of the…
Fifteen Percent Unemployment For Two More Years
The chart that shows what the Congressional Budget Office believes the unemployment level will be is buried deep in the one of the charts in the new “The Policies For Increasing Economic Growth And…
Intel’s Beat & Raise (INTC, AMD, MSFT, SMH)
Intel Corporation (NASDAQ: INTC) had a great day ahead of its earnings report today based upon expectations that it would beat earnings and raise guidance. The processor and chip giant just proved the sentiment…
Vonage Loses Its CFO (VG)
Vonage Holdings Corporation (NYSE: VG) just disclosed in an SEC filing something that many investors do not like to see, even if it is in small stocks. The company noted, “John Rego, Executive Vice…