52-Week High Club (FDX, QDHC, RWC)
FedEx Corporation (NYSE: FDX) rose over 3.5% to a yearly high of $90.62 after the nations second largest package shipping company announced that it will report earnings of $1.10 per share for the fiscal…
All Work
Douglas A. McIntyre
Hedge Funds Back to $2 Trillion in Assets
The hedge fund industry is back to having assets worth more than $2 trillion in November, according to Hedgefund.net. The gain of 3.39% came to $2.037 trillion for the hedge fund sector, making this…
Tiger Brand Death (PEP, ACN, AXP, ERTS, NKE)
Tiger Woods has been the dominating news force over the last week. It has been such a distraction that we have even worried that this would take everyone’s eyes and ears off of the…
Auto Customer Satisfaction: Discountinued Pontiac And Saturn Do Well
J. D. Power and Associates released its new 2009 sales satisfaction index. The survey covers responses from 48,000 people and “is measured for five factors: dealership facility; salesperson; paperwork/finance process; delivery process; and vehicle price.” Of…
CIT Group Exits Bankruptcy, Wiping Out Old Holders (CIT, CITGQ)
CIT Group Inc. (OTC: CITGQ) is emerging from bankruptcy. The company has just announced that its prepackaged plan of reorganization was confirmed by the United States Bankruptcy Court for the Southern District of New…
Cisco Analyst Day: Chambers Outlines Challenge & Opportunity (CSCO, EMC, VMW, HPQ, COMS)
Cisco Systems Inc. (NASDAQ: CSCO) is hosting its analyst day today, and we have been listening to comments and reviewing some of the data at its slide show. CEO John Chambers is effectively confirming…
Greece’s Rating Woes Weigh on Greek ADRs (NBG, OTE, CCH, DRYS, DSX, EXM, NM, TOPS, TNP)
Fitch Ratings joined in with a downgrade of Greece’s credit rating following a similar action yesterday by Standard & Poor’s. The downgrade this morning was to “BBB+” from “A-“… and the ratings outlook remains…
New ETF Launch: Chinese Tech Stocks (CQQQ, BIDU, NTES)
Claymore Securities, Inc. is launching the Claymore China Technology ETF (NYSE: CQQQ). This is said to be the first exchange traded fund with a specific focus on the Chinese technology sector, and marks Claymore’s…
Talbots Surprising SPAC Merger (BPW, TLB)
The world of special purpose acquisition companies is already a strange one that offers a bit of individualized private equity via the stock market. The deal between BPW Acquisition Corp. (AMEX: BPW) and The…
First Solar Goes Deeper Into Canada (FSLR, ENB)
First Solar, Inc. (NASDAQ: FSLR) has news on the wires this morning that the company and Enbridge Inc. (NYSE: ENB) have entered into an expanded agreement on the Sarnia Solar Project from 20 megawatts…
Today’s Best Market Rumors (12/8/200) (S)(AAPL)(GOOD)(MOT)
Updated throughout the day. Updated 2.33 PM EST: Hollywood companies may buy some game publishers including Electronic Arts (NASDAQ:ERTS) and Take-Two (NASDAQ:TTWO) (Barron’s) Updated 9.54 AM EST: Sprint’s (NYSE:S) customer base is continuing to…
Top Day Trader Alerts (CELG, DDRX, PEET, GMCR, GERN, YONG, XLNX)
These are this Tuesday’s top four day trader and active trader alert stories. We have more details and analysis via links to each story at VSInvestor.com: Celgene Corporation (NASDAQ: CELG) is trading lower this…
24/7 Wall St. TV: McDonald’s (MCD) Sales Slow Near A Halt
McDonald’s (NYSE:MCD) same-store sales have been one of the corporate bright spots during the recession. Now that the recovery in underway, the world’s largest fast food chain’s traffic has stagnated. In October, same-store sales…
Top 10 Analyst Upgrades, Downgrades, Initiations (BIDU, EQR, FTR, JASO, ERIC, MOT, S, STP, SYY, TWC)
These are this Tuesday’s top ten analyst upgrades, downgrades, and initiations seen early this morning from Wall Street research calls: Baidu Inc. (NASDAQ: BIDU) Started as Hold at Kaufman Bros. Equity Residential (NYSE: EQR)…
Moody’s: US And UK May No Longer Be “Triple-A”
Sovereign debt problems in Dubai, Ireland, and Iceland have forced the credit rating agencies to keep a sharp eye on national debt. There have been some warnings that high deficits in the UK might…
Japan Increases Stimulus $81 Billion: What Does It Know That The US Doesn’t?
Japan will increase it stimulus package by $81 billion, a move that will almost certainly increase the nation’s public debt and strain the global fixed income markets, making it more likely that interest rates…
Stocks Prices Increases Get Out Of Hand
Shares in Sprint (NYSE:S) were up more than 10% at one point yesterday after Barron’s argued that the stock was undervalued. One article and the telecom company’s market cap was up almost $1.5 billion. Nvidia…
Citigroup (C) And Government Fight Over TARP Exit
Behind the scenes but barely out of sight, Citigroup (NYSE:C) is fighting with federal agencies about how much money it will need to have on hand to exit the TARP program. Taxpayers own about…
The Jobless Recovery Is Joined By A “Credit-Less” One
The economic recovery can only carry so much weight before it gets bogged down. It already faces unemployment that is 10% and may rise into next year. In 2011, personal and business taxes are scheduled…
Media Digest 12/8/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: Citigroup (NYSE:C) and the government are in a dispute over TARP re-payments Reuters: Japan release plans for an $81 billion stimulus package. Reuters: Morgan Stanley’s (NYSE:MS) new CEO will shuffle top management. Reuters: The…