Despite Many Drops, Disney Delivers (DIS)
The Walt Disney Company (NYSE: DIS) is out with earnings and the report is a solid one compared to what we have seen elsewhere, yet it too saw mostly erosion in its business segments.…
All Work
Douglas A. McIntyre
52-Week High Club (COMS, AMD, PLA, BID)
3Com Corp (NASDAQ: COMS) rose over 30% to a yearly high of $7.52 after Hewlett-Packard, the PC maker, announced plans to buy 3Com for $2.7 billion. Advanced Micro Devices Inc. (NYSE: AMD) rose over…
Government Deficit Expands To $176 Billion In October
According the monthly Treasury report released this afternoon, the Federal Government posted a $176.4 billion deficit in the month of October. Total Government receipts came in at $135 billion. Of that $61.2 billion was…
Long-Bond Auction Conundrum
Earlier today came the results from a highly awaited $16 billion 30-Year Treasury bond auction… the famed ‘Long Bond.’ The 30-Year yield went out to buyers at 4.469%, just over 0.04% or 4 basis-points,…
Tech Giants Now Hold ~$265 Billion Cash To Spend (HPQ, COMS, INTC, AMD, MSFT, CSCO, AAPL, GOOG, ORCL, JAVA, QCOM, EMC, YHOO, DELL, AMZN, EBAY, ONT, BRCD, JDSU, STAR, VMW)
You have already seen the Hewlett-Packard (NYSE: HPQ) buyout of 3Com Corporation (NASDAQ: COMS). But this week before that deal was announced we covered how mergers in the technology sector have been very slow…
U.S. Oil Stockspiles Increase More Than Expected
Today’s EIA Petroleum Status Report for last week shows oil inventories to have grown 1.8 million barrels. Many analysts expected the number to have grown by 1 million barrels. Oil futures were down ahead…
Corzine as Bank of America CEO? (GS, BAC)
Jon Corzine recently lost the gubernatorial race in New Jersey. He is also a very wealthy Wall Streeter that is a former disciple of Goldman Sachs Group Inc. (NYSE: GS). He is also a…
Corel & Vector: From Strange to Stranger (CREL)
[ We had already commented on hoe the merger offer for Corel Corp. (NASDAQ: CREL) from majority owner Vector Capital might be the strangest merger paths of this decade. The strange can always get…
Top Day Trader Alerts (BRCD, COMS, GMCR, DRYS, AMD, JDSU)
These are this morning’s top day trader and active trader alerts on high price moves and/or high volume. We have a link to more data and analysis at VSInvestor.com for each stock: We have…
Intel (INTC) Bribes AMD (AMD) To Settle Antitrust Issues
AMD (NYSE:AMD) has had a pretty strong antitrust claim against Intel (NASDAQ:INTC). Intel allegedly gave money to PC companies to use its chips and bullied customers using it huge market share. AMD’s profits disappeared…
Today’s Best Market Rumors (11/12/2009) (VZ)(EBAY)(SBUX)
Updated throughout the day. Ebay (NASDAQ:EBAY) PayPal profits will increase sharply in Q4. (TheStreet) A former lead director at Bank of America (NYSE:BAC) is pushing for the firm to pick an insider as the new CEO …
Jobless Claims Try to Break 500K
The Labor Department has just reported its weekly jobless claims data. The new preliminary report puts last week’s initial jobless claims at 502,000, down 12,000 on an adjusted basis from the week before. Bloomberg…
Amazon (AMZN) Launches Free Kindle Software For PC
By Douglas A. McIntyre There is a new product on the home page of Amazon.com (NYSE:AMZN). PC users can now download a free version of Kindle software which allows Kindle users to synchronize the…
“Call of Duty: Modern Warfare 2” Blows Records Away (ATVI, GME, MSFT)
Activision Blizzard, Inc. (NASDAQ: ATVI) may actually hit that $500 million first week target after all. The company has announced this morning that since the 12:00 launch on Tuesday that its much-hyped “Call of…
The Death of Birth Is Not a Worry
By John Tamny of Forbes “For one particular car produced by an American manufacturer, for example, 30 percent of the car’s value is due to assembly in Korea, 17.5 percent due to components from…
Top 10 Analyst Upgrades, Downgrades, Initiations (BRCD, BNI, COH, CHK, CSX, HOG, KWK, MBT, NDAQ, SIRI)
These are this Thursday’s top early analyst upgrades, downgrades, and initiations from Wall Street research calls which may be moving shares of the underlying stocks: Brocade Communications (NASDAQ: BRCD) Cut to Neutral at Piper…
Wal-Mart (WMT): It’s Beginning To Look At Lot Like Christmas
Wal-Mart (NYSE:WMT) beat Wall St. expectations for earnings and revenue. Perhaps more important, it indicated that the fourth quarter would be OK. The Christmas retail season just began to look a bit better. Wal-Mart…
Bill Gates Says Wall St. Pay Is Too High
Bill Gates is one of the richest men in the world and the founder of one of the most successful companies ever created. That means that the media hangs on every word he utters…
IEA Says Rising Energy Prices Could Smother Recovery
The International Energy Agency not only raised its forecast for oil demand this year but also said that rising oil prices could cut off the global economic recovery. According to the AP, rising oil prices…
Applied Materials (AMAT): We Made Money But You’re Fired
Applied Materials (NASDAQ:AMAT) can be added to the long list of American companies that made a profit in the last quarter and then fired a significant part of their workforces. It is a disturbing trend that will…