Media Digest 1/6/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: A major overhaul of the global financial system is expected in 2010. Reuters: Kraft (NYSE:KFT) got a 1.52% acceptance of its Cadbury (NYSE:CBY) bid. Reuters: Gold rose above $1,120.
All Work
Douglas A. McIntyre
Asia Market And Europe Open
Markets in Asia were mixed. The Nikkei rose .5% to 10,721. The Hang Seng was up .6% to 22,417. The Shanghai Composite fell .5% to 3,254. At the open in Europe, the FTSE was up .1%…
Signs Of The Apocalypse: Rich Lose Homes, Pending Homes Sales Off
Pending home sales fell in November as the National Association of Realtors index for that part of the market fell to 96 in November from 114.3 in October. The sharp drop brought with it the…
Cramer’s 2010 Counterterrorism Stock Picks (ASEI, OSIS, FLIR, COGT, NICE)
It seems every market pundit has their outlook picks for 2010, and Jim Cramer is no different. Last night was Cramer’s “Energy Shortage Stock Picks for 2010” and on CNBC’s MAD MONEY tonight Cramer…
Surprise Auto Winner…. SIRIUS XM (SIRI, DTV)
SIRIUS XM Radio Inc. (NASDAQ: SIRI) may have been one of the surprise winners so far in 2010. While there are still many problems at SIRIUS XM, the company now looks to be the…
Chinese ADRs Take Off (SEED, FEED, CAGC, CAAS)
Chinese agriculture stocks, as measured by Tickerspy’s Chinese Agriculture Stocks Index (*CHAGR), are up over 6% today. Gains in Chinese agriculture stock were led by crop seed company Origin Agritech Ltd. (NASDAQ: SEED), which…
VW Big Loser In December Domestic Car Sales
Most analysts believe that the VW merger with Porsche is about to create the largest car company in the world which will have annual sales greater than both GM and Toyota (NYSE:TM). VW’s December…
Tech Issues Ahead of CES 2010 (MMM, UPG, PLXT, INTU, NETL, GRMN, GOOG, S, TXCC, INTC, AMD, AAPL)
It is the first week of January, which means one thing for lovers of consumer electronics: CES, the Consumer Electronics Show, takes place in Las Vegas. The event kicks off on January 7 at…
Apple (AAPL) Apps Downloads At 3 Billion
Downloads from the Apple (NASDAQ:AAPL) App Store now out-number the population of the People’s Republic of China by a margin of two-to-one. Apple announced that more than three billion apps have been downloaded App Store…
Apple (AAPL) Goes Mobil
By Douglas A. McIntyre Apple (NASDAQ:AAPL) is about to announce that it will buy mobile ad company Quattro Wireless for $275 million, according to an exclusive report by AllThingsD. Quattro is in a business…
Bankruptcy Comes to Mesa Air (MESA)
Mesa Air Group Inc. (NASDAQ: MESA) has been a trouble airline and a troubled stock for quite some time. That is taking a turn for the worse for common shareholders this morning. Mesa has…
Top Day Trader Alerts (ACE, APC, WPRT, RSH, AIB, IRE)
These are this Tuesday’s top day trader and active trader alerts. We have more detailed information via a link to each story at VSInvestor.com: ACE Limited (NYSE: ACE) is down marginally on what is…
The 15 Most Hated Companies In America
Customers, employees, shareholders, and taxpayers hate large corporations for many reasons. 24/7 Wall St. has looked at many of these issues to choose the 15 most hated companies in America. We evaluated each company…
Today’s Best Market Rumors (1/5/2010) (GOOG)(GS)(AAPL)
Update throughout the day. Google (NASDAQ:GOOG) will unveil its Nexus One handset today (various) China GDP grew 13% in December (CNBC) Goldman Sachs (NYSE:GS) may move its operations out of London (The Telegraph) Apple…
Buffett Potential Kraft-Cadbury Roadblock (BRK-A, KFT, CBY)
Berkshire Hathaway Inc. (NYSE: BRK-A) has made one of its more unusual press releases. The company said that it has voted “no” on Kraft’s proposal to authorize the issuance of up to 370 million…
Barclays Initiates EU/Global Banks (AIB, IRE, UBS, BBVA, DB, HBC, STD, RBS, CS)
Barclays Capital’s banking research department has been busy going into the new year as it has issued new coverage on many of the European and global banks. Some of the ratings are strong and…
Top Analyst Upgrades and Downgrades (CHKP, DELL, IPI, LVS, ERIC, MOT, PALM, QCOM, POT, RIMM, V)
These are this Tuesday’s top analyst upgrades, downgrades, and initiations seen from Wall Street research calls: Check Point Software Technologies Ltd. (NASDAQ: CHKP) Cut to Hold at Auriga. Dell Inc. (NASDAQ: DELL) Started as…
Public Pension Funds Up Against $2 Trillion Shortfall
By Douglas A. McIntyre Even in a world of massive deficits and rising national debt, not many problems come in packages that are in the trillions of dollars. The deficit facing the U.S. public…
Biodiesel Firms Grapple With Tax Issues
By Paul Ausick of 24/7 Wall St. Until December 31, 2009, biodiesel makers enjoyed a tax credit of $1/gallon on alternative diesel fuel made either from feedstock such as soybeans or camellina or from…
Apple (AAPL) Share Price Up 175% From 2009 Low
It is nearly impossible to find a justification for the 175% rise in Apple’s (NASDAQ:AAPL) share price which hit an all-time high of $214.50 on December 4, up from $78 in late January 2009.…