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…
All Work
Douglas A. McIntyre
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…
State Street’s New Preferred Stock ETF (STT, PSK)
Investors have just been given one more trading instrument meant to track a less-followed investment class. State Street Corporation (NYSE: STT) has announced that its State Street Global Advisors has launched a new ETF…
Solarfun Looks ‘Good Enough’ (SOLF)
Solarfun Power Holdings Co. Ltd. (NASDAQ: SOLF), a photovoltaic cell and PV module maker in China, is trading higher after the company gave guidance. The outlook for the third quarter of 2009 is for…
The 24/7 Wall St. Interview With Ford CEO Alan Mulally
24/7 Wall St. sat down with Alan Mulally, who has been Ford’s (F) CEO for three years, on September 15. The interview covered Ford’s major plans, the global car markets, and the effects of the…
Top Day Trader Alerts (AMR, DRYS, ORCL, RNN, USB, YMI)
These are this Thursday morning’s top pre-market day trader alert and active trader alert stocks moving on unusual trading volume. We have a link through to more color and analysis on price and volume…
The Great Jobless Recovery
The Labor Department has come out with its weekly jobless claims, and we are still seeing nothing much more than a jobless recovery. The number came in down 12,000 on a revised basis down…
Top Analyst Upgrades (FWLT, GNW, ITRI, NUE, SPR, SNCR, STI, SYNA, USB, VIA)
These are this Thursday morning’s top analyst upgrades and positive research calls seen from Wall Street: Foster Wheeler (FWLT) Raised to Buy at Goldman Sachs. Genworth (GNW) Raised to Buy at Deutsche Bank. Itron…
Top Analyst Downgrades (ABB, MT, BDK, BWA, GR, KR, MHS, SNDA)
These are this Thursday morning’s top pre-market analyst downgrades and cautious research calls from Wall Street firms: ABB (ABB) Cut to Hold at Deutsche Bank. ArcelorMittal (MT) Cut to Hold at Societe Generale, Black…
Twitter, Skype, And The Trouble With Free Internet Services
Twitter has just raised capital at price that values the company at about $1 billion. A collection of private investors have agreed to buy two-thirds of Skype from eBay (EBAY), a process complicated by…
Oil Prices Stubbornly Above $72
Many economists and energy forecast firms argue that oil supply will be abundant in 2010 and demand will be modest. That does not seem to matter to oil traders. The falling value of the…
Double-Digit Unemployment As Far As The Eye Can See
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…
Media Digest 9/17/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: The competition to dominate the green car market is increasing. Reuters: Obama will pressure the G20 on Wall St. reform. Reuters: Oracle (ORCL) earnings missed targets. Reuters: Opel’s sales shows power is shifting…
Asia Markets And Europe Open 9/17/2009
Markets in Asia were sharply higher. The Nikkei rose 1.7% to 10,444. The Hang Seng was up 2.4% to 21,918. The Shanghai Composite rose 2% to 3,060. At the open in Europe, The FTSE…
eBay(EBAY) Shares Down On Skype Suit
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 Wall…
Eastman Kodak (EK) Shares Fall On KKR Investment
KKR must not carry the clout it once did. Eastman Kodak (EK) announced that it expects to raise up to $700 million through a series of financing transactions, including a commitment from KKR to…