Nintendo In Trouble
It looks like Nintendo may finally be pulled of its perch as the No.1 video game console company in the world. It announced April to September 2009 earnings and part of the data the firm gave…
All Work
Douglas A. McIntyre
Once Again, Buffett Is The World’s Greatest Investor
Bloomberg does a poll of its terminal subscribers from time to time. The most recent was done among 1,452 people from October 23 to October 27. The question and answer that will probably get the…
Costco (COST) Takes Food Stamps
Costco (NASDAQ:COST) is supposed to be the big-box retailer that caters to affluent shoppers and business. The recession may have got the better of the company. It will start taking Food Stamps. A number…
Discount Death: Wal-Mart Sells Caskets Online
The price of being dead just dropped. It is a good thing, given the troubles in the economy. Wal-Mart is beginning to sell caskets and urns at walmart.com. Some of the caskets are prices…
Media Digest 10/29/2009 Reuters, WSJ. NYTimes, FT, Bloomberg
Reuters: House Democrats unveiled their healthcare bill. Reuters: Senators may extend home purchase credits until April. Reuters: China will launch a case against The Big Three auto companies. Reuters: Galleon paid Wall St. bankers…
Asia Markets (10/29/2009) Nikkei Below 10,000; Shanghai Below 3,000
Markets in Asia fell sharply. The Nikkei fell 1.8% to 9.891, Mitsubishi UFJ (NYSE:MTU) rose. The Hang Seng fell 2.7% to 21,173. HSBC (NYSE:HBC) and PetroChina (NYSE:PTR) fell. The Shanghai Composite dropped 2.3% to…
Yahoo! and Microsoft Extend Negotiation Period (YHOO, MSFT)
Yahoo! Inc. (NASDAQ: YHOO) issued an SEC filing noting that it and Microsoft Corp. (NASDAQ: MSFT) have extended the negotiating time on the previously announced search pact. Without getting to participate in the drawing…
First Solar Earnings Get Valuation Check (FSLR, TAN, KWT, ENER)
We have long said that this Q3 period was likely to separate the men from the boys in the solar sector. Unfortunately, none of the men looked stronger than the boys. Tonight’s earnings report…
Goldman Sachs’ Last Minute GDP Cut (GE)
Much of today’s weakness in the equity markets is not just due to a stronger dollar or an equity market that still may be ahead of itself. A strategist call from Goldman Sachs Group…
Is Google’s Navigation Launch A Category Killer? (GOOG, TRMB, GRMN)
Google Inc. (NASDAQ: GOOG) and its ‘new’ navigation via Google Maps Navigation is putting the hurt on the GPS competitors. Trimble Navigation (NASDAQ: TRMB) posted income of $15.6 million, a 60% drop, in its…
More Airline Layoffs (LCC, AMR)
If you are often in major airports, it is frankly hard to see how the airline carriers still have pressure compared to six to twelve months ago. The airports and planes are full to…
Are Inflation ETFs For You? (CPI, GRES)
This week marks the launch of two new exchange traded funds, both of which intend to offer investors a direct hedge against inflation. IndexIQ introduced the IQ CPI Inflation Hedged ETF (NYSE: CPI) and…
Credit & Equity Analyst Ratings Duel at Palm (PALM)
Palm Inc. (NASDAQ: PALM) has lost that massive stock surge that we saw for what felt like way too long throughout 2009. There are two key analyst calls that now may act as an…
DOE Oil Inventories Back Up (OIH, DIG, USO, OIL)
We have just seen this week’s latest Department of Energy weekly oil inventory data. The new report is on the heels of a sudden rise in oil prices followed by an almost just as…
New Home Sales Highlight Softness (XHB, ITB, DHI, LEN)
The Commerce Department has just shown a report that new home sales for the month of September turned south. This may increase the call for that first time home buyer $8,000.00 tax credit, but…
Key SPAC Deals on Deck (HLD, EST, NAQ, CLA)
SPACupdate.com has been bringing 24/7 Wall Street waves of data on the resurgence of special purpose acquisition companies, or SPACs. After a string of successful mergers, two coming to vote by the end of…
Biotech IPO Filing: Aldagen, Inc. (ALDH)
We have just seen a biotech company named Aldagen, Inc. file for an initial public offering of common stock. This will trade under the proposed stock ticker “ALDH” on NASDAQ. The company is developing…
Today’s Best Market Rumors (10/28/2009) (UBS)(SNE)(BCS)(CBS)
Updated throughout the day. Update 12.05 PM EST: UBS (NYSE:UBS) may spin off PaineWebber (Breakingviews) GMAC has asked the Treasury Department for several billion more dollars in loans. (NYTimes) Barry Diller’s IACI (NASDAQ:IACI) might be willing to…
Top Day Trader Alerts (AMD, APOL, ETFC, ILMN, LVLT, PVTB)
These are this morning’s top day trader and active trader alerts from us with links through to updates and more detailed price-volume analysis with a link to each stock at VSInvestor.com: Advanced Micro Devices…
Durable Goods… Something For Everyone
Durable Goods for the month of September did come in positive, but under expectations. As a reminder, this is the most volatile of all of the large economic numbers. Orders came in at +1%…