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).…
All Work
Douglas A. McIntyre
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…
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.…
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…