Top Day Trader Alerts (ARRY, HGSI, MTXX, NVLS, FNM)
Because this is a Friday ahead of a 3-day weekend and because this is Labor Day, the “volume spikes” and the relative trading will be more muted than most trading days. We have the…
All Work
Douglas A. McIntyre
Fannie’s NYSE Listing Satisfaction, Celebrating Pain (FNM, FRE)
Fannie Mae (NYSE: FNM) made an announcement that the troubled mortgage giant and GSE received notice yesterday from the New York Stock Exchange that it has regained compliance with the NYSE’s minimum price standard…
Unemployment Still Heads Toward Double-Digits
The unemployment and change in non-farm payrolls data for August is out, and despite some positive trends seen during the weekly data it just isn’t pretty. The change in nonfarm payrolls was -216,000 versus…
Top Analyst Upgrades and Downgrades (ANF, FRED, FDO, FINL, SEPR, VMED, WTNY, ZUMZ)
It is looking pretty thin in analyst calls ahead of the 3-day weekend, but these are some of the top research upgrades, downgrades, and initiations we have seen this Friday morning: Abercrombie & Fitch…
Biden’s Stimulus Speech: A Context Check
by Christopher Flavelle and Amanda Michel, ProPublica – September 3, 2009 Vice President Joe Biden marked the 200-day point of the stimulus package today with a speech at the Brookings Institution, where he spent…
IMF: More Concern About The Recovery
What was being described by many economists just a few weeks ago as a robust recovery has become hardly any recovery at all. Economist Joseph Stiglitz recently said that improvement in global GDP may not…
Treasury Wants Stronger Capital Base For Banks But Plans Are Vague
The Treasury wants to make banks, particularly large ones, increase their capital bases and improve their liquidity. In a statement, the department said, “Capital requirements for all banking firms should be increased, and capital…
Media Digest 9/4/2009 Reuters, WSJ, NYT, FT, Bloomberg
Reuters: China is making it difficult for foreigners to trade in its commodidites markets. Reuters: Toshiba will pay $5 billion for a unit of Areva. Reuters: The SEC and CFTC will align efforts to…
Asia Markets And Europe Open 9/4/2009
Markets in Asia were mixed. The Nikkei fell .3% to 10,187. The Hang Seng rose .8% to 19,901. The Shanghai Composite rose .9% to 2,861. At the open in Europe, the FTSE rose .7%…
Refunding The SEC
Senator Charles Schumer believes that the SEC is underfunded. Statistics tend to support his case. The SEC’s staff of approximately 3,650 oversees 35,000 entities. Securities trading volume has increased 261% between 2003 and 2008,…
Can Verizon Raise Dividend Indefinitely? (VZ, T)
Verizon Communications Inc. (NYSE: VZ) did not immediately rise despite the announcement from the company that it was raising its quarterly dividend. Most dividend hikes do not raise the price of stocks immediately, but…
24/7 Wall St. TV: Madoff As SEC Chief
Case No. OIG-509 from the SEC Office of the Inspector General, also known as “Investigation of Failure of the SEC To Uncover Bernard Madoff’s Ponzi Scheme”, is good reading. The public may think the…
Fox Business Lasts Less Than Two Years
MSBNC, operated by the NBCU division of GE (GE) and CBS (CBS) made the mistake of throwing Don Imus off the air in April 2007. He made intemperate and distasteful comments about black women…
Amazon (AMZN) Kindle And Sony (SNE) E-Readers Wildly Overpriced
The e-reader market which has been the subject of so much media attention may be going through a growth spurt now, but that is not likely to last. Sony (SNE) and Amazon (AMZN) may…
First Solar Scores With New CEO (FSLR, HON, GE)
First Solar, Inc. (NASDAQ: FSLR) is making a significant management change, right at the top of the company. Mike Ahearn is stepping down as CEO and will be replaced by Robert J. Gillette. This…
Buffett Gets Deeper Into Housing and Real Estate (BRK-A, LUK, GS, CIT, HD, LOW, USG)
Warren Buffett is positioning Berkshire Hathaway Inc. (NYSE: BRK-A) to profit when the housing and property market returns to more normal levels. Now, he is teaming up with what many investors consider a “Buffett…
The $1,000 Gold Call Returns (GLD, GDX, UGL, ABX, HMY)
The commodities call is back on. It isn’t $100 oil, but it is for $1,000.00 gold. We have two well respected market technicians calling for higher gold prices. At 10:12 AM EST, Spot Gold…
Citi Now 33.6% Gov’t Owned… Reverse Split Seems Imminent (C)
Citigroup, Inc. (NYSE: C) is going to have a very active day ahead of it. The troubled banking giant has just announced that its common stockholders approved the three resolutions submitted in its Common…
Top Day Trader Alerts (FNM, FRE, HOV, INWK, JAVA, ORCL, SEPR, SVA, ZUMZ)
These are this Thursday’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: Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE:…
Jobless Claims Offer Little Hope For Friday’s Payrolls Data
Weekly Jobless Claims were just released by the US Labor Department and the numbers came in at 570,000 again on the preliminary claims figure. Last week was originally reported as 570,000, and that figure…