Job Openings Dive, Helps Argument For Tax Credits
Job openings hit new lows in November, down to 2.415 million from 2.571 million in October and 3.311 million in November 2008, according to the BLS. There were 6.35 unemployed people for every open…
All Work
Douglas A. McIntyre
Magnifying Refinery Woes (CVX, XOM, XTO, COP, VLO, MRO, HES)
The notion that an integrated oil giant is issuing an earnings warning with oil above $80.00 per barrel may seem ludicrous to most on the Street. Yet that is exactly what is happening at…
Today’s Best Market Rumors (1/12/2010)
Updated throughout the day. Bank of America (NYSE:BAC) is in talks with Cuomo to settle legal issues involved with its buyout of Merrill Lynch (NYTimes) The Federal Reserve made $45 billion in 2009. (Washington Post)…
Top Analyst Positive Research Calls (AFL, AXP, CY, MRVL, PG, PRU, TIF, UA, TXN, X)
These are this Tuesday’s top analyst downgrades and cautious research calls we have seen from Wall Street analyst reports: AFLAC (NYSE: AFL) Raised to Equal-Weight at Barclays. American Express (NYSE: AXP) Raised to Buy…
Top Analyst Caution Calls (ANF, AEO, ADI, AA, ALTR, CL, LEAP, PMCS, XLNX)
These are this Tuesday’s top analyst downgrades and cautious research calls we have seen from Wall Street analyst reports: Abercrombie & Fitch (NYSE: ANF) Started as Market Perform at Wells Fargo. American Eagle Outfitters…
Cold Weather And Short-Term Crude Prices
By Paul Ausick of 24/7 Wall St. Unusually cold weather in many parts of the globe is threatening industrial production, crops and home heating. Demand for heating oil has contributed to a jump in…
Looking Beyond the Immediate Effects of Policy
By John Tamny of Forbes “Nature recks nothing of intentions, good or bad; the one thing she will not tolerate is disorder, and she is very particular about getting her full pay for any…
Largest Search Engine In China Taken Down By Hackers
Yahoo! (NASDAQ:YHOO), Google (NASDAQ:GOOG), and Microsoft (NASDAQ:MSFT) may want to take note. China’s largest search engine, Baidu (NASDAQ:BIDU), was taken down by hackers and several reports say users were pointed to an “Iranian Cyber Army” web…
Frequent TV Viewers Face High Death Rate
There is nothing new about the medical opinion that people who get little exercise are more likely to face health problems and even higher mortality than individuals who exercise frequently. It is also widely known…
New Store Signs Can Spy On Customers
Microsoft (NASDAQ:MSFT) and Intel (NASDAQ:INTC) have created technology that will allow signs in stores to detect a customer’s gender and which products a shopper looks at. According to The Wall Street Journal, the two tech…
PC Prices May Jump As Chips Become Scarce
The prices of most PCs have been down over the last three years as consumers looked for bargains and the market became crowded with machines from China and Taiwan. The drop in what consumers…
The Fed Earns An Astounding $45 Billion In 2009
The Federal Reserve made $45 billion last year, according to an exclusive report in The Washington Post. That is the most the Fed has earned in 95 years.The central banks still owns securities that it…
Media Digest 1/12/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: Cadbury (NYSE:CBY) posted strong 2009 results, rejected Kraft’s (NYSE:KFT) bid. Reuters: Bank of America (NYSE:BAC) is in talks to settle with Cuomo. Reuters: The FAA called for inspections of older Boeing (NYSE:BA) 737s.…
Asia Markets And Europe Open (1/12/2010)
Markets in Asia were mixed. The Nikkei rose .8% to 10,879. JAL fell 45%. The Hang Seng fell .5% to 22,287. The Shanghai Composite rose 1.9% to 3,274. At the open in Europe, the…
The Great American Bank Heist
The Administration wants to be certain that taxpayers get back all the money they risked through the TARP program. All of the largest banks which took money from the fund have paid it back, but that…
Alcoa, Making Bad News Sound Good (AA)
Alcoa Inc. (NYSE: AA) kicked off earnings season this evening on news that is all in all not that exciting even if the reception is one of approval. The company said that it finished…
Electronic Arts (ERTS): Down For The Count
Shares in companies including GameStop (NYSE:GME), Sony (NYSE:SNE), Microsoft (NASDAQ:MSFT), and Take-Two (NASDAQ:TTWO) will be affected by a disclosure from Electronic Arts (NASDAQ:ERTS) that it will badly miss its earnings forecasts. EA said that…
Upgrading Ford (F)
Ford Motor Co. (NYSE: F) is probably one of the only ways to bet on the big Detroit Auto Show this week, but the stock was trading at 52-week and multi-year highs today on…
Manufacturing Equipment Stocks Get A Bump
Manufacturing equipment and testing stocks (*MANUF) are up 6.7% today as reported by Tickerspy. The rise is attributed to K-Tron International’s (NASDAQ: KTII) 30.6% and Measurement Specialties’ (NASDAQ: MEAS) 4.1% gain today. K-Tron International, the…
52-Week High Club (AA, CVX, MMR, EXXI, SNI)
Aluminum Corp. of China Limited (NYSE: ACH) rose over 5.7% to a yearly high of $34.27 after the company rose alumina prices for the second time in a week. Alcoa Inc. (NYSE: AA) rose…