Are CBS (CBS) And Sprint (S) At Risk For Bankruptcy?
Audit Integrity, a research firm, has come out with a list of the large American companies which are most likely to go bankrupt in the next year. The data behind the figures seem valid, but some…
All Work
Douglas A. McIntyre
24/7 Wall St. TV: Double Digit Unemployment
The recent report on global unemployment from the OECD predicted that developed country joblessness will reach post WW-II highs soon and will not improve much over the next two years. Now, Noble Prize winner…
Options Trading & Expiration Stack Up On Citigroup (C)
Citigroup Inc. (NYSE: C) has been one of the most active stocks on the NYSE for weeks and weeks now. Despite low price stocks usually not being strong in options trading volume, that has…
Merger Stocks With Significant Arbitrage (CYCL, T, HNBC, FNFG, PCAP, PSEC, JAVA, ORCL, VM, S, DT, IPCS)
Despite the notion that times are tough, mergers are still happening. If you look back at what we noted, the top 20 companies by market cap had over $335 billion in raw cash that…
Secondaries Keep Flooding In (DVR, FSP, HBAN, MWA, NMM, HEAT, SAH, SXCI, VVUS, BRKR)
You know the market is still strong when secondary floodgates open up and are so well received that so many deals are seeing increased offerings. Some of the deals we have seen this morning…
Top Day Trader Alerts (ARNA, VVUS, DVR, HLX, ETFC, SCHW, PALM)
These are this Friday morning’s top day trader and active trader alert stocks with moves on unusual volume. We have also provided more details on price and volume analysis with links through to each…
Top Analyst Upgrades (ALL, AMT, AAPL, CCI, ETFC, HGG, KBH, MFE, PCG, PG, SBUX, TOL, VMW)
These are this Friday morning’s top pre-market analyst upgrades and positive research calls from Wall Street affecting shares: Allstate (ALL) Raised to Buy at Argus. American Tower Corp. (AMT) Started as Outperform at Oppenheimer.…
Top Analyst Downgrades (ATHN, SCHW, FPL, GENZ, IMAX, SONC)
These are this Friday’s top analyst downgrades and cautious research calls we have seen from Wall Street firms: athenahealth (ATHN) Cut to Sell at Auriga. Charles Schwab (SCHW) Cut to Sell at Goldman Sachs.…
Merrill’s Ex-CEO Thain Puts More Pressure On B of A (BAC)
John Thain, former CEO of Merrill Lynch, says that Bank of America (BAC) misled investors about the timing and the amount of compensation given to Merrill’s employees. Thain put his accusation in the harshest…
Sirius XM (SIRI) Gets Nasdaq Warning On Stock Price
Sirius XM (SIRI) faces a possible delisting from the Nasdaq, according to a disclosure by the company. The firm’s common stock closed below $1.00 per share for 30 consecutive business days. That violates the Nasdaq…
Citigroup (C) CEO Admits $100 Million Pay Package Excessive
Citigroup (C) CEO Vikram Pandit admitted what most people already believe. Paying an individual banker $100 million in the current climate is not responsible or right. According to Reuters, when asked if $100 million was…
The Ghost Of Christmas Yet To Come
The battle cries of retailers as the approach this holiday season is “may a fool and his money soon be parted.” Unfortunately, there are fewer fools than there were two years ago when the…
Why is American Airlines Rearranging the Deck Chairs?
By Robert Herbst of AirlineFinancials.com American Airlines (AMR) recent announcement made one thing very clear. –Sorry St Louis, it’s nothing personal it’s just business!– It doesn’t take a rocket scientist to conclude…
Media Digest 9/18/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: If China opens its financial markets it could cause a huge bubble. Reuters: US regulators may ban “flash” trading. Reuters: Buffett may control the Kraft (KFT) decision to buy Cadbury. Reuters: Palm (PALM)…
Asia Markets And Europe Open 9/18/2009
Markets in Asia fell. The Nikkei was off .7% to 10,371. The Hang Seng fell .8% to 21,585. China Mobile (CHL) and HSBC (HBC) were up. The Shanghai Composite dropped 3.2% to 2,963. At…
Palm Stock Sale & Short Interest Trump Earnings (PALM)
Palm Inc. (NASDAQ: PALM) is out with earnings, although the key is going to be what the interpretation is over its Palm Pre sales. The GAAP loss was huge, but the non-GAAP loss was…
24/7 Wall St. TV: eBay (EBAY) Shares Hurt By Skype
\ eBay (EBAY) shares are trading down about 2% at $23.96 on news that a company owned by Skype’s founders has filed a filed a copyright suit against the VoIP company, according to The…
Key Tech Majors Hit New 52-Week Highs (AAPL, BIDU, CIEN, CTXS, EBAY, GOOG, JNPR, TLAB, WDC)
While the markets have started to sell off by what feels almost as ‘sharply,’ we have noticed late morning that a huge number 0f major technology stocks have hit 52-week highs on an intra-day…
Fed Says We’re All Richer Now… Do You Feel It?
The Federal Reserve has released some key data in its quarterly “flow of funds” report that shows Americans actually saw a gain in wealth in the Second Quarter of 2009. The Fed calculates this…
S&P Knocking Down Another $578 Billion in CDO Ratings
Standard & Poor’s Ratings Services is making a house-cleaning exercise which could have a broad impact on the ratings of thousands of already-troubled securities. S&P is changing its ratings criteria for collateralized debt obligations…