3 More IPOs This Week Enter Troubled Waters (AGAM, DOLE, ZSTN)
The IPO market has not been going well. Over the weekend we gave a detailed run down of how many busted IPOs we had seen occur in the last couple of months, and this…
All Work
Douglas A. McIntyre
Are SPAC IPO Filings Back in Favor?
GSME Acquisition Co. became the second Special Purpose Acquisition Company (SPAC) this year to file paperwork with the SEC to go public. The blank check wants to assemble a China-based dealmaking vehicle worth about…
Subscriber Growth For Major Chinese Mobile Companies (CHL, CHU, CHA)
Today China Mobile (NYSE: CHL) posted big numbers in its subscriber growth, claiming 500 million mobile users. By this metric, China Mobile can claim the title of the worlds biggest mobile company. However, looking…
7 More DJIA Stocks on Earnings Deck (BA, MMM, AXP, T, MCD, MRK, MSFT, MO, HON)
We have already run the 5 of the 30 DJIA components that reported earnings this morning. But we still have 7 more of the 30 DJIA components reporting during the rest of this week…
24/7 Wall St. TV: Criticism Of Wall St. Bonuses
Senior members of the Administration were out in force on the Sunday TV talk shows to criticize the multi-million bonuses that many Wall St. bankers will get this year. Executives at companies that still…
Chipotle Goes Partly Solar (CMG)
Chipotle Mexican Grill (NYSE: CMG) is trying the solar gimmick, yet this is actually just another step on building upon its social already-respectable image. This morning the company announced that it is partnering with…
Top Day Trader Alerts (AAPL, BPAX, CAT, FNM, FRE, MGM, NVAX)
These are this morning’s top day trader alerts. We have more detailed price and volume data along with added color over with links through to each stock at VSInvestor.com: Apple Inc. (NASDAQ: AAPL) is…
Today’s Best Market Rumors (10/20/2009) (NWS)(NVDA)(BCS)
Updated throughout the day. Updated 12.33 PM EST: The CIA will start spying on social media activity (CNET) Updated 10.15 AM EST: Oil could hit $175 a barrel by 2016 making oil-realted stocks a…
Wholesale Inflation Remains Muted
The Labor Department has released the September Producer Price Index, the measure of wholesale inflation. We did see a slightly raised Consumer Price Index last week and that had many of the inflation bugs…
Coke (KO) Lite
Third quarter earnings at Coca-Cola (NYSE:KO) came in under expectations which is pushing shares down before the open. Revenue fell 4% to $8.4 billion. Net income was flat at $2.15 billion. EPS was also…
Good News At Cat (CAT)
Caterpillar (NYSE:CAT) beat most Wall St. expectations, and improved its guidance for the balance of 2009. The news pushed the stock up before the open of trading. CAT said it had a Q3 profit of $.64…
5 Wins in DJIA Component Earnings (CAT, KO, DD, PFE, UTX)
We have seen the earnings reports from all five DJIA components which were on deck to report this Tuesday. We are seeing a theme here: almost all posted lower earnings from a year ago…
Pfizer (PFE) Earns OK
Pfizer (NYSE:PFE) had a better quarter than many expected. The drug company reported financial results for third-quarter 2009. Revenues were $11.6 billion, a decrease of 3%. EPS fell to $.51 from $.62 on an…
Top 10 Analyst Upgrades, Downgrades, Initiations (AMZN, BAC, BA, BSX, F, LEAP, PCS, SPR, UA, WEN)
These are this Tuesday’s top 10 analyst upgrades, downgrades, and initiations seen from Wall Street research calls which we have seen early in the morning: Amazon.com (NASDAQ: AMZN) Raised to Outperform at Oppenheimer. Bank…
Apple (AAPL) iPhone To Launch In China With 1,000 Stores
Apple (NASDAQ:AAPL) will launch the iPhone in China with China Unicom (NYSE:CHU) on October 30 with “1,000 points of sale,” according to a transcription of the company’s earnings call done by Seeking Alpha. Apple commented…
Video Game Sales Recover, Sony (SNE) Takes First Place
Price cuts work. In September, Sony’s (NYSE:SNE) PS3 outsold the Microsoft (NASDAQ:MSFT) Xbox 360 and Nintendo Wii for the first time in recent memory. Industry research firm NPD said that the video game industry…
As Germany Opens Opel Funding, GM Could Keep The Unit
The German government got in trouble with EU regulators because it only offered $6.7 billion in aid to one of the bidders for GM’s Opel unit. That bidder was Canadian car parts company Magna (NYSE:MGA)…
The Economy’s 90/10 Rule
Economists spend nearly all of their time now trying to figure out whether the recovery will stay on course and if GDP in the US will recover at 4% or 5% rate next year.…
Dow Back To 14,000 By May (AAPL)(GOOG)(GS)(JPM)(GE)
It has taken the DJIA a little over 32 weeks to move from 6,547 to just over 10,000, a move up of 53%. The index will be back over 14,000 by the end of…
Media Digest (10/20/2009) Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: Apple (NASDAQ:AAPL) beat earnings forecasts. Reuters: The IRS is probing some homebuyers’ tax credit gains. Reuters: The US is ready to bring more insider trading cases. Reuters: More US companies are cutting bonuses.