The Vonage Rally: With No News Support, Stock Will Plunge
Vonage (VG) have moved from $.46 to $2.63 in three trading days. The shares are already losing momentum, and have dropped to $2.24 on massive volume of over 36 million shares at 10.45 AM.…
All Work
Douglas A. McIntyre
Instinet Making Options Platform Acquisition (NMR)
Instinet is often thought of as one of the oldest electronic communications networks, or ECN’s, which traders have used for years for equities trading; but now it is effectively an agency broker. It looks…
Top Day Trader Alerts (VG, WSM, TSTR, CPST, HGSI, MYGN, LDK, SIRI)
We are seeing some of the same players in the top day trader and active trader alerts, although we are also getting some new names in here as well. There is a link to…
Durable Goods Hit 2-Year High
Durable Goods is always one of the most volatile of all big economic numbers, and the report this morning for July is proving that to be the case. The headline durable goods reading came…
Bush’s Fed Mistake Is Now Obama’s
By John Tamny of RealClearMarkets Yesterday President Obama confirmed what futures markets seemingly already knew, that Ben Bernanke would be reappointed as Fed Chairman. Whatever one’s opinion of Bernanke, his successes and failures will…
Top 10 Analyst Upgrades & Downgrades (AMED, BNI, CMCSA, CSX, DCP, FISV, GMR, HLS, STJ, TWC)
These are ten of the top pre-market analyst upgrades, downgrades, and initiation calls we have seen from Wall Street early this Wednesday morning with close to two hours until the market opens: Amedisys (AMED)…
US May Take Fifteen Years To Catch South Korea Internet Speeds
American internet speeds are slow, very slow by international standards. That may be one of the reasons that the $787 billion economic stimulus package has a large financial commitment to building broadband infrastructure. The…
Following Sony (SNE), Microsoft (MSFT) Likely To Lower Xbox Prices
Sales of the Sony (SNE) PS3 and Microsoft (MSFT) Xbox 360 run behind those of the Nintendo Wii most months and in most countries. Sony has attempted to remedy that by dropping the price…
Toyota (TM) Cuts: A Warning For The Industry
Toyota (TM) plans to cut its global capacity to manufacture vehicles by as much as one million units per year. It now has the ability to build 10 million autos, but will only make…
The CBO Budget Outlook And The Problem Of Revenue
The Congressional Budget Office and The White House both offered appraisals of the federal deficit for the next 10 years. Each analysis yielded alarming numbers. The CBO figures estimated that the total red ink…
Media Digest 8/26/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: Senator Edward Kennedy died at age 77. Reuters: The US Postal System is seeking 30,000 job cuts. Reuters: US housing and confidence data moved up. Reuters: White House and CBO debt revisions will…
Asia Markets And Europe Open 7/26/2009
Stocks is Asia were higher. The Nikkei was up 1.4% to 10,640. Toyota (TM) gained as planned to cut costs. The Hang Seng moved higher by .1% to 29,452. China Life (LFC) rose. The…
Shorts Flee Tech Stocks (MSFT)(INTC)(ORCL)(CSCO)
Short sellers moved out of tech stocks in large volumes at mid-month. Based on short interest figures as of August 14, shares short in Intel (INTC) fell 33% to 88.3 million. The short interest…
SEC Faces Trouble With B of A (BAC) Settlement
By Douglas A. McIntyre The federal judge who was supposed to approve a $33 million settlement between Bank of America (BAC) and the SEC over omissions in the bank’s proxy statement for approving the…
US Postal Service To Offer 30,000 Workers Buyouts
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…
JoS. A. Bank Expanding Further (JOSB)
JoS. A. Bank Clothiers, Inc. (NASDAQ: JOSB) is one of the more unique clothing and apparel stocks out there. The company has managed to grow revenues in recent years, and despite the economy it…
Apple (AAPL): Processor Power May Be Key To Tablet Sales
Nokia (NOK) is launching its netbook, a 10″ screen model which weighs 2.75 pounds and runs Windows. It comes into a remarkably crowded market. But, launching a product for the segment is nearly irresistible.…
24/7 Wall St. TV: The Deficit Forecast Moves Above $9 Trillion
The Administration raised its budget deficit forecast for the next ten years to $9.05 trillion from $7.1 trillion, an astonishing 27% increase. The new estimate is much closer to the number that the Congressional…
Sony’s New Reader Seeks Premium Pricing (SNE, T, AMZN)
Sony Corporation (NYSE: SNE) must be betting that it can retake the lead and it must be betting hard that the economic recession’s effects of creating high price-sensitivity are soon to end. In the…
Brand Image: Did Mackey Really Hurt Whole Foods? (WFMI)
Whole Foods Market, Inc. (NASDAQ: WFMI) has been under fire of late from outside groups, although this time it is not over the founder’s secret web posting, not over a merger and antitrust issues,…