FOMC Preview: The End of Free Money Coming Soon
The FOMC is expected to give us a decision on interest rates this Wednesday, September 23 around 2:15 PM EST. One tool we prefer to use for determining the direction of Fed Funds is…
All Work
Douglas A. McIntyre
SIRIUS XM Reverse Split Now Almost Certain (SIRI)
SIRIUS XM Radio Inc. (NASDAQ: SIRI) almost had a very bad day on Friday. Shareholders of the biggest penny stock of them all should probably be thankful that the stock only closed down 1.4%…
Unusual Options Trading Screens (EK, ETFC, ODP, ARNA, FCX, S, FORM, POT)
It is the weekend, and that means that our end-of-week screen for unusual options trading activity is complete. Of course expiration date throws a wrench in any screens, but we found some very unusual…
Moody’s: Some Home Price Won’t Rebound Until 2030
Moody’s (MCO) forecasts that some home prices may not return to their pre-recession levels until 2030. This means that hundreds of thousands of Americans may find it impossible to sell their houses without making payments…
Two More Banks Close, Pace Slow
The FDIC is down another $850 million. Two more banks were closed today. Federal and state regulators today closed Irwin Union Bank, F.S.B., Louisville, Kentucky, and Irwin Union Bank and Trust Company, Columbus, Indiana.…
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…
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…