Conference Board’s Jobless Recovery
The Conference Board is known for many key economic readings in the US and abroad, but this morning’s data may just add a little more fear that the hope and belief of a stabilizing…
All Work
Douglas A. McIntyre
Top Day Trader Alerts (AIG, HLCS, OSIR, ITLN, SPDR)
We already saw many bounces from contact notifications on Wall Street, so many traders may still be off or getting slowly back in the saddle. That being said, some of the active trader alerts…
Morgan Stanley’s Key Technology Upgrades & Downgrades (IBM, DELL, CTXS, ADSK, NVLS, TXN, STM, PMCS, QLGC, LRCX, XLNX)
Morgan Stanley has made several key downgrades in technology, as well as a few lesser upgrades. Both IBM (NYSE: IBM) and Dell Inc. (NASDAQ: DELL) were downgraded to Equal-Weight from Overweight. Also cut to…
Top Analyst Upgrades (ADPI, EXP, GE, GSM, IHG, ERIC, PMT, RHT, TKTM, VMW)
These are some of the top early morning analyst upgrades and positive research calls we have seen from Wall Street early this Tuesday morning: American Dental (ADPI) Started as Outperform at Robert W. Baird.…
Top Analyst Downgrades (BLKB, CTXS, DSCO, EV, FII, LUV)
These are some of the analyst downgrades and cautious research calls we have seen early this Tuesday morning on Wall Street: Blackbaud (BLKB) Cut to Hold at Jefferies. Citrix Systems (CTXS) Cut to Perform…
China Readies First Airliner
It can hardly be good news for embattled Boeing (BA) or Airbus. China has unveiled the first commercial airliner to be produced inside its borders. It is called the C919 and will be able…
Switzerland Tops US As Most Competitive Economy
The World Economic Forum says that the United States is no longer the world’s most competitive economy. Switzerland has taken that role. The culprits for the weaker US position are its weakened financial markets and…
US Hiring To Remain Weak
Hiring in the US may not be recovering, at least not soon, to the extent that it will help the economy in the fourth quarter. New data from Manpower shows a labor market in America…
Trading Guns For Jobs
The annual Conventional Arms Transfers to Developing Nations report from the Congressional Research Service shows that the US is still by far the world’s leading arms merchant. A summary of the document in The…
The New National Employment Anxiety: The Myth Of The Jobless Recovery
The press and a number of economists believe that GDP will improve at the end of this year and that the improvement will accelerate into 2010 and 2011. Unemployment improvements will lag, but that…
Media Digest 9/8/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: Richard Fuld defended his actions at Lehman. Reuters: Manpower says the outlook for hiring is US is weak. Reuters: Gold futures topped $1,000. Reuters: Kraft (KFT) will probably up its bid for Cadbury.
Asia Markets And Europe Open 9/8/2009
Markets in Asia were higher. The Nikkei rose .7% to 10,393. Toyota (TM) traded higher. The Hang Seng was up 1.5% to 20,941. The Shanghai Composite was higher by 1.7% to 2,930. At the…
The Renaissance Of M&A: Kraft (KFT) Bids For Cadbury
Kraft (KFT) has made a $16.7 billion bid for Cadbury. The offer is about 30% above Cadbury’s current price. Not surprisingly, the offer is based on due diligence and financing, which may give Cadbury’s…
Media Digest 9/7/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: Markets in Asia and Europe were mostly higher with many up over 1%. Cadbury rose on an offer from Kraft (KFT). Rio Tinto (RTP) rose. Reuters: Kraft (KFT) bid $16.7 billion for Cadbury.…
G-20 Wants To Hogtie Major Banks
The finance ministers of the G-20 nations blame most of the collapse of the credit system and a portion of the failure of the global economy on the world’s largest banks. Whether that is…
The Unusual Suspects (APP, BRK-A, CPB, MTXX, MCO, MHP, RMBS, QQQQ, GDL, UNH)
It is the weekend, albeit a long three-day weekend for Labor Day. Earnings season is done, gone, bye-bye, but this coming week there are going to be some key events and key stocks to…
Tivo’s (TIVO) $200 Million Payday
Tivo (TIVO) has moved further down the road in collecting huge penalities from Dish Network (DISH) and Echostar (SATS) for violating the little DVR company’s patents. The United States District Court, Eastern District of…
BioTech Hostile Takeover: Biogen Plays For Facet
Facet Biotech Corporation (FACT) confirms that it is in receipt of Biogen Idec Inc.’s (BIIB) letter dated September 4, 2009 offering $14.50 per share for all of the outstanding shares of Facet. Facet shares…
Oil Rig Counts Staying Stronger (BHI, OIH, USO, OIL)
Baker Hughes, Inc. (NYSE: BHI) issued its weekly rig counts and the counts are still going in the right direction overall if you like to see increased drilling activity. This is also showing up…
IPO FILING: Cobalt International Energy (CIE)
Cobalt International Energy Inc. has now filed to come public via an initial public offering. While terms were not disclosed, it said it would sell up to $1.15 billion worth of common stock. Shares…