Jobless Data Trying to Hang in There
The Labor Department has just released its figure for weekly jobless claims. The figure came in at 505,000 in the last week, exactly in-line with the Bloomberg consensus data. This is also exactly the…
All Work
Douglas A. McIntyre
Top 10 Analyst Upgrades, Downgrades, Initiations (ABC, ASML, CAH, CVS, ESRX, INTC, MRVL, MHS, SOLF, TXN)
These are this Thursday’s top ten analyst upgrades, downgrades, and initiations seen in Wall Street research calls: AmerisourceBergen (NYSE: ABC) Started as Buy at UBS. ASML (NASDAQ: ASML) Cut to Neutral at B of…
US Recovery Expected To Outpace Europe
The OECD expects the economic recovery in the US to be significantly better than in Europe. In its new Economic Outlook survey the agency says US gross domestic product (GDP) is expected to grow by 2.5%…
GE (GE) Waves Goodbye To A Strong 2010 Performance
John Rice, chief executive of GE’s technology infrastructure division, told Reuters that he expects results at his business to be weak in 2010. “We’re not expecting a significant growth rate next year,” he said. A…
GM’s Non-IPO IPO
Both the government and GM management are talking about an IPO at the end of 2010 that would allow the taxpayers to get the money that they put into the No.1 car company in America…
Obama Warns About “Double Dip” Recession
The President is supposed to talk about how much the economy is improving, not how bad it could be. Mr. Obama broke with the approach by saying that “It is important though to recognise if…
One Million Americans Face Loss Of Jobless Benefits In January
The National Employment Law Project says that the public’s perception of what will happen to insurance benefits for the unemployed early next year is flawed. Most press reports on Congressional action on the matter…
Media Digest 11/19/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: Senate Democrats unveiled their healthcare plan. Reuters: Hedge fund manage Griffin has rebounded from losses. Reuters: GM must pay its debt and become profitable before an IPO. Reuters: Kraft (NYSE:KFT) is still considered…
Asia Markets And Europe Open (11/19/2009)
Markets in Asis were mixed. The Nikkei fell 1.3% to 9,549. Mitsubishi UFJ (NYSE:MTU) fell. Honda (NYSE:HMC) and Toyota (NYSE:TM) fell. Sony (NYSE:SNE) was also off. The Hang Seng dropped 1% to 22,643. China…
Major Rumor: CBO Says Senate Healthcare To Cost $849 Billion
At this point it is simply a rumor, but The Wall Street Journal reports that : “Senate Democrats’ health-care legislation has been estimated to cost $849 billion and to reduce the federal budget deficit by…
24/7 Wall St. TV: Sony e-Reader To Ship Late Adding To Company Woes
The management at Sony (NYSE:SNE) looks more and more like “The Gang That Couldn’t Shot Straight.” Its TV screen business is losing money. Most months, sales of the PS3 fall behind those of the…
Paulson Making Gold Rush Self-Fulfilling Prophecy (GLD, KGC, AU)
A broker noted something about this yesterday as a gold bug, and frankly it seemed far-fetched considering the size of the move we have already seen in recent weeks and months. But the talk…
52-Week High Club (AMD, ASMI, ALV, CHS, GGWPQ, LFT, DE)
Advanced Micro Devices Inc. (NYSE: AMD) rose over 10% to a yearly high of $7.33 after the computer processor maker announced today that it would offer $500 million in senior notes, the cash from…
Thursday Earnings Retail Bonanza (DKS, FL, GPS, ROST, SHLD, BKE, PLCE, WTSLA, WSM, ZUMZ)
The earnings season is mostly winding down, but we still have a slew of retail earnings in the apparel and home categories. On Thursday alone, we have earnings from Dick’s Sporting Goods Inc. (NYSE:…
Mitsubishi UFJ (MTU): Banks Have Access Capital Markets
Large U.S. banks have raised money to improve their capital position this year, in some cases because the government required them to do so. Bank analysts have worried that a wave of write-downs on…
Risks in Geithner’s Call For More Lending
U.S. Treasury Secretary Timothy Geithner spoke this morning and has effectively called for banks which have received government bail-out funds to boost their lending activities. Geithner noted that a lack of lending and strict…
Reviewing the New Smart Grid ETF (GRID, PBD, PZD, PBW, QCLN)
If you thought you might not see another green energy or less-dirty energy exchange traded-fund, there is a new ETF for you. First Trust Advisors is launching the First Trust NASDAQ Clean Edge Smart…
Oil Inventories Heading Wrong Way (OIH, DIG, USO, OIL)
The Department of Energy has just released its weekly oil inventories data and those wanting stable prices from oil data may be disappointed. We are watching the key ETFs around the news via the…
American Superconductor Discounting Contract Wins (AMSC)
American Superconductor Corporation (NASDAQ: AMSC) is one of the (almost) cult stocks out there in the field of alternative energy and green energy as its has proprietary megawatt-scale wind turbine designs and electrical control…
Underwriting Syndicate Bonanza Continues (FTNT, AWK, BZ, LFT, SII)
This morning we have a syndicate bonanza with a very solid IPO pricing and many secondary offerings getting priced. Fortinet, Inc. (NASDAQ: FTNT) priced 12.5 million shares in IPO at $12.50, above the $9.00…