Apple (AAPL) Hits All-Time High: Buy The Rumor….
Apple’s (NASDAQ:AAPL) shares hit an all-time high yesterday as they rose to $209.35 up 3.5%. Most of the increase way due to rumors that the company will finally launch its tablet PC at a…
All Work
Douglas A. McIntyre
Financials Right Under Key Technical Alert Levels (BAC, JPM, WFC, GS, C, FAS, XLF, FAZ)
Earlier this week came an alert that a technical event was likely to be seen in the major money center banks and major financial institution stocks pertaining to the 50-day moving averages. After taking…
Today’s Best Market Rumors (12/24/2009)
Updated throughout the day. The CEOs of Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE) are each expected to be rewarded with $4 million to $6 million pay packages (various). California may have to appeal…
A Gold Merger Fight for the Holidays (GG)
With gold up over $1,000.00 per ounce and with many pundits looking for much higher prices into 2010 and beyond, it has been a bit of a wonder where the gold mergers have been. …
Fewer Firings at Jobs Before Christmas
It seems that employers refrained from as many firings the week before Christmas this year. The data from the Labor Department showed that initial jobless claims fell by 28,000 to 452,000 in the week…
The Link Between The Economy And Oil Prices Strengthens
The link between the global economy and oil prices may have “de-coupled” in July 2008 as oil prices rose to $140 and the recession took hold across most economies around the world. Some of…
Large Numbers Of TARP Recipients Skip Dividend Payments
Almost all the very large financial firms that got TARP money have repaid it with Citigroup (NYSE:C) and Wells Fargo (NYSE:WFC) getting their money back to the Treasury just as the year ends. The TARP is…
Chavez May Push Car Companies Out Of Venezuela
Hugo Chavez, Venezuela’s president-for-life, has pushed major oil companies that would not pay tariffs to his government and give up some of their assets out of the South American nation. He recently began to…
Investors Ignore Securities Analysts
Wall St. firms have cut the number of securities analysts they employ since the scandal of 2000 when some professional stock pickers aligned themselves too closely with the M&A bankers who they worked with. Research was…
The Car Industry Dodges The Pay Czar
Pay czar, Kenneth Feinberg, has been fairly consistent in giving only bare-bones compensation to management at firms that have taken TARP funds. Most executives are making less than $500,000 in base salary. Bonuses are…
The Whole World Moves To Texas
The Brookings Institution, The New York Times, and Bloomberg all covered the news that Texas added more people than any other state between July of 2008 and this past July, 479,000 according to the…
Media Digest 12/24/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: Pay czar Feinberg approved compensation at several bailed out firms. Reuters: Oil moved above $77 as US crude stocks dropped. Reuters: The US is probing some banks about their sale of risky securities.…
Asia Markets And Europe Open (12/24/2009)
Markets in Asia were mostly higher with Hong Kong closed. The Nikkei rose 1.5% to 10,537. The Shanghai Composite was up 2.6% to 3,153. At the open in Europe, the FTSE was flat at 5,373. HSBC (NYSE:HBC)…
Apple’s (AAPL) Jobs Worked For $1, But Owns 5.5 Million Shares
Steve Jobs, the CEO of Apple (NASDAQ:AAPL), is doing fine, financially. He took a salary of just $1 last year but owns 5.546 million Apple shares. The stock trades above $200, so Jobs has…
Journalists Write-Up Apple (AAPL) Rumors, With Nothing To Do As Financial News Fades
The legitimate press is hardly legitimate any more. The number of rumors about Apple (NASDAQ:AAPL) each week can reach a dozen. Most of them turn out to be false. Apple has been in the…
MEMC’s Solar Christmas Order (WFR, XEL)
If anyone in the solar space could use an order for Christmas, it is MEMC Electronic Materials Inc. (NYSE: WFR). The company’s SunEdison solar services unit, just received an order from Xcel Energy (NYSE:…
Hyundai Likely Winner Of December Car Sales Sweepstakes
Hyundai is likely to continue its string of sharply improved monthly sales in December.The firm is expected to sell 63,000 cars this month when its Hyundai and Kia nameplates are taken together. That figure would…
Blackstone Looks for IPO Exit in Graham Packaging (GRM, BX)
Graham Packaging Company Inc. is one of the most recent filings for a private equity-backed initial public offering. While terms were not given for this IPO, the company listed that it would sell up…
Wal-Mart Will Extend Discounts; Can Target and Amazon Follow?
In an unexpected announcement this morning, Wal-Mart (NYSE:WMT) said it plans to extend its holiday season discounts beyond December 25th. The world’s largest retailer plans to offer a $50 Wal-Mart gift card to buyers…
Financial Facelift For Ruth (RUTH)
Ruth’s Hospitality Group Inc. (NASDAQ: RUTH) is trying to get its financial house more in order. The owner and operator of the Ruth’s Chris Steak House chain announced new financial steps last night that…