Petrobras: Gov’t Investment and Venezuela Woes (PBR)
Petroleo Brasileiro SAPetroleo Brasileiro (NYSE: PBR), or what we call Petrobras, has had a busy week. This stock has recovered handily off of lows from early July, but all summer it has not been…
All Work
Douglas A. McIntyre
Paulson Adds Citi to B of A, Goldman, and JPMorgan Holdings (C, BAC, COF, GS, JPM)
Paulson & Co. Inc. has become a very influential firm that can now move a market after John Paulson made billions from properly betting against the fate of the US financial and banking sector…
Top Day Trader Alerts (AIG, BA, C, HGSI, IMMU, ENER, VG)
These are this Thursday morning’s top day trader and active trader alerts with links through to each story with more detailed price and volume analysis over at VSInvestor.com: American International Group (NYSE: AIG) is…
Jobless Claims Staying High
The data from the Labor Department on weekly jobless claims is out, and it is continuing to be a dragging number. Many keep hoping for improvements, yet they remain elusive. The weekly claims fell…
Top Analyst Upgrades (BCS, BBBY, DLTR, EMC, GHL, HCN, NTAP, SNH, WSM, INTC)
These are this morning’s top pre-market analyst upgrades, initiations, and positive broker research calls we have seen early this Thursday morning from Wall Street firms: Barclays (BCS) Raised to Outperform at KBW. Bed Bath…
Top Analyst Downgrades (ALKS, JTX, MPW, NFG)
It is fairly light out in there in realm of analyst downgrades this morning. These are this Thursday’s top analyst downgrades or cautious calls from Wall Street this morning: Alkermes (ALKS) Cut to Hold…
Air Traffic Shows Modest Improvement (AMR)(UAUA)(CAL)(DAL)
Faced with higher fuel prices and falling passenger traffic, the airline industry is ailing. There are concerns that some carriers will go bankrupt if the situation does not improve by the holiday season which…
US Government Sends Stimulus Checks To Prisoners
Not a great deal has gone right so far with the government’s $787 billion stimulus package. There is no evidence that it has reached it primary goal of saving or creating as many as…
Microsoft (MSFT) Makes It Official: Cuts Xbox By $100
What had been rumored is now true. Microsoft (MSFT) will cut the price of its Xbox 360 Elite by $100 to $299, the same price as the Sony (SNE) PS3. Microsoft and Sony are…
AIG (AIG) CEO Says His Extravagent Vacation Is OK
AIG’s (AIG) new CEO Robert Benmosche is the wrong man for the job at the wrong time. He has been fighting for a $7 million base pay package to run a company that has…
The Vonage (VG) Mirage
Shares of Vonage (VG) decreased from their peak price of the day yesterday as investors raised concerns about the company’s rapid stock valuation increase. Vonage traded as high as $2.63 before closing at $2.17. …
Tivo (TIVO) Late In Suing AT&T (T) And Verizon (VZ)
Tivo (TIVO), the pioneer in video recording devices lost most of its franchise to generic versions of its original product. Tivo has claimed that many of the products developed by its competitors violate the…
Media Digest 8/27/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: Derivatives traders dipped into $4 trillion in client collateral. Reuters: Home sales and durable orders improved. Reuters: The US softened its stance on private equity deals to buy banks. Reuters: The “pay car”…
Asia Markets And Europe Open 8/27/2009
Markets in Asia were lower. The Nikkei fell 1.6% to 10,474. Toyota (TM) fell. The Hang Seng was down 1% to 20,243. China Unicom (CHU) moved on word of a relationship with Apple (AAPL).…
Apple (AAPL) iPhone Launch In China Imminent, Risky
Apple (AAPL) is about to launch its iPhone in China, the largest cellular phone market in the world. According to The Wall Street Journal, China Unicom (CHU), the second largest cellular carrier in the …
Plains Capital Corporation Files for IPO (PCB)
Plains Capital Corporation, a Texas-company involved in banking, mortgage origination and financial advisory, has filed to come public via an initial public offering of its common stock. While no financial terms nor a set…
Many SPAC Changes Ahead of Key Votes & Dates (HLD, CFQCF, CACA, WTWG, AUCUF, GHC, CSAQF, WTWG, IDI)
There is quite a bit changing in the land of special purpose acquisition companies, a.k.a. SPACs. We have been provided some key special purpose acquisition data by SPACupdate.com, which tracks major stock and warrant…
24/7 Wall St. TV: Postal Layoffs Won’t Help
The US Postal Service may be able to drive up the national rate of unemployment all on its own. The USPS will offer 30,000 workers buyouts. It has 650,000 workers, so that number is…
Toyota, GM, Ford and Honda Led Cash for Clunkers Win (TM, F, HMC)
Well, it seems that despite the notion that ‘cash for clunkers’ was nothing more than a giveaway is perhaps only partly true. This was another giveaway and it may ultimately pull away consumer spending…
Crude Inventories See Small Gain (OIH, USO, OIL)
Last week’s draw-down in crude oil is not being mirrored this week. We just saw the weekly Department of Energy inventories and the reading came to a gain of 128,000 barrels of crude oil…