Fear And Loathing In The Unemployment Line
The minutes of the FOMC on August 11th and 12th were released today. The Fed did everything it could just short of saying that the recession is officially over. One of the critical notations…
All Work
Douglas A. McIntyre
Media Digest 9/3/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: The sell-off in Chinese stocks may be overdone based on earnings. Reuters: A report blamed the SEC for not doing its job investigating Madoff. Reuters: The Fed says the risks to the American…
Asia Markets And Europe Open 9/3/2009: Shanghai Up 5%
Markets in Asia were mixed The Nikkei fell .5% to 10,214. Honda (HMC) and Toyota (TM) both dropped more than 2%. The Hang Seng rose 1.4% to 19,786. The Shanghai Composite rose 4.8% to…
M&A: America’s Top Companies Hold $335 Billion Cash (XOM, MSFT, JNJ, PG, BRK-A, IBM, T, AAPL, GOOG, CVX, CSCO, KO, INTC, ORCL, BAC, WFC, JPM, GE, PFE)
Now that we are out of the woods in the crash scenario, assuming this week is no ill omen, investors may want to know which of the big companies would start to deploy their…
FOMC Minutes Show a Punt
The minutes of the August 11 and 12 FOMC meeting shows a Fed that is slowly growing more confident in things, yet the conviction is low. The FOMC was more confident that the recession…
NASDAQ Toppy? Chartist/Technician Notes Secular Bear (QQQQ, SMH, XLK)
What happens when you get a pullback after the markets have rallied some 50% from the lows of the year? Technicians key in with the charts, and much of the market bullishness suddenly disappears. …
Oil Inventory Surprise (OIH, USO, OIL)
The Department of Energy has just released its weekly inventory data for crude oil, gasoline, distillates, and refining levels. This week was marked by draw-downs but because of the weakness in the markets we…
24/7 Wall St. TV: Is The Internet Broken?
Google’s (GOOG) Gmail system, which serves millions of customers around the world, shut down yesterday. The problem may hurt its efforts to market applications which include e-mail to businesses. Google prides itself on the…
BP’s (BP) Giant Oil Discovery And Future Of Supply
BP (BP) said it has made a “giant” discovery of crude oil in its Tiber Prospect in the Gulf of Mexico. The well was drilled to a depth of over 35,000 feet and the…
Top Day Trader Alerts (BP, FNM, FRE, JOYG, DXO, TSEM, PAY, VG)
These are this Tuesday’s top day trader and active trader alert stocks. We have links through to each with more detailed price/volume analysis over at VSinvestor.com: BP PLC (NYSE: BP) is up big by…
Top Analyst Upgrades and Downgrades (BIIB, FRX, GENZ, GILD, HOLX, LVS, MOS, NVAX, RIG, TXT)
These are the top ten analyst research initiations, upgrades, and downgrades we have seen from top Wall Street firms early this Wednesday morning: Biogen-Idec (BIIB) Started as Underperform at BofA/Merrill Lynch. Forest Labs (FRX)…
Sony (SNE): Will 3D TV Sell?
Sony (SNE), which has failed at most of its new initiatives over the last two years, needs something to work. It PS3 has sold poorly. Prices for it digital cameras and TV screens are under…
Nokia (NOK) Marries Facebook
Facebook, which has over 200 million users, is becoming nearly as widely available on handsets as it is on PCs. Its members cannot get enough of sharing their experiences and profiles with their Facebook…
The Swine Flu Ferret Defense
There are dozens of biotech companies and several Big Pharma firms that hope to make money on swine flu treatments, mostly vaccines. They are driven by the WHO’s estimate that nearly a third of…
Is The Internet Broken?
Google’s (GOOG) Gmail system, which serves millions of customers around the world, shut down yesterday. The problem may hurt its efforts to market applications which include e-mail to businesses. Google prides itself on the reliability…
Media Digest 9/2/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: Sales growth of Ford (F) and Hyundai topped other car companies. Reuters: The EU could slow a takeover of Sun (JAVA) by Oracle (ORCL). Reuters: Home sales and factory orders signaled an end…
Asia Markets And Europe Open 9/2/2009
Markets in Asia were mixed. The Nikkei fell 2.4% to 10,281. The Hang Seng was down 1.4% to 19,586. The Shanghai Composite was up 1.2% to 2,715. At the open in Europe, the FTSE…
The Death of an Energy ETF (DXO)
It has been no secret that the CFTC is looking into many exchange traded notes and exchange traded funds that deal in the energy markets, along with other futures and other investment vehicles, to…
The Great Gmail Outage (GOOG, YHOO, MSFT)
If you have ever relied on any outside service to host your email or if you have ever had your email even routed from an outside service, there is the occasional outage. It is…
Defensive Stocks Offering No Haven (WMT, PEP, KO, TAP, KFT, CAG, CPB, HRL, MCD, MO, VGR, RAI, PG, CL, MRK, JNJ, NVO)
Wasn’t it just last week that we were up eight days in a row on the DJIA? And now we have a sell-the-news reaction to the recent growth numbers. Maybe it is because we…