Faced With The Obvious, The Fed Will Do Nothing
The Fed is expected to do nearly nothing as its members meet during the middle of this week. That nothing is in the face of what is now almost certainly a recovery which is…
All Work
Douglas A. McIntyre
Media Digest 8/11/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: The Congressional Oversight Panel said the Treasury should do more to get toxic assets off bank balance sheets. Reuters: A federal judge still refuses to sign off on an SEC deal with Bank…
Asia Markets And Europe Open 8/11/2009
Markets in Asia rose modestly. The Nikkei was higher by .6% to 10,586. Honda (HMC) was flat after rising for several days. The Hang Seng was up by .1% to 20,591. The Shanghai Composite…
Rosetta Stone Holders Unloading Stock (RST)
Rosetta Stone Inc. (NYSE: RST) has just filed with the SEC for a public offering of common stock. The language learning software leader filed to sell some 4,697,750 shares, which it listed as being…
Genzyme Taking Aim At Resolution (GENZ)
Genzyme Corp. (NASDAQ: GENZ) has taken steps to remedy its situation with the FDA and to remedy its image. Genzyme issued some new guidance with an investor update and said it would discard the…
24/7 Wall St. TV: Raising The $12.1 Trillion Debt Limit
The Administration has a bit of a problem. The cap on the national debt, which must be approved by Congress, is $12.1 trillion. The Treasury is borrowing money so fast to fund the stimulus…
The Successful Models For Selling Apps At The Apple (AAPL) App Store
The Apple (AAPL) App Store, with over 1.5 billion application downloads, has become a tremendous market where software developers can sell their products. Individuals or corporations must register with Apple and pay a small…
Dendreon Gives Quarterly Report & Provenge Updates (DNDN)
Dendreon Corp. (NASDAQ: DNDN) has its quarterly results out, although it is via SEC Filing rather than via a press release. We had this on deck for a report this week and a conference…
Nortel Finally Free of CEO (NRTLQ, FLEX)
Nortel Networks Corp. (NRTLQ) is just about done. This morning came the final announcement which we have been expecting for longer than imaginable. We named CEO Mike Zafirovski as one of our Top CEOs…
The War On Diabetes Heats Up (NVO, AMLN, LLY, MNKD, PFE, VVUS, BMY, AZN, ARNA, GERN, STEM, OREX, GNBT, SPEX, ORMP, HDIX, PODD)
Diabetes is becoming an epidemic in the U.S. and the Western World. The ties to obesity are often direct, so the potential treatments are often directly tied as well. We did a recent dig…
What Movies and Cigarettes Tell Us About the Laffer Curve
John Tamny of RealClearMarkets The great economist Arthur Laffer long ago observed that high rates of taxation don’t always correlate with high levels of government revenue. If the tax–or price–put on certain activities is…
Top Day Trader Alerts (FRE, FNM, PCLN, RIMM, LLY, MCD, TRW, YRCW)
These are this Monday’s top day trader and active trader alert stocks. More detailed price and volume data is provided via a link to each story at VSInvestor.com: Freddie Mac (NYSE: FRE) and Fannie…
Analysts Assign LogMeIn Coverage As Quiet Period Ends (LOGM)
LogMeIn, Inc. (NASDAQ: LOGM) has only been public since July 1. While the market has done well, this stock has actually come off by about 10% from its IPO post-closing levels. It is still…
Top 10 Analyst Upgrades & Downgrades (BT, ELY, CBS, CTXS, DUK, INFY, LINTA, NZ, RIMM, VMW)
These are the top ten brokerage firm analyst upgrades and downgrades we have seen from Wall Street early this Monday morning: BT Group (BT) Raised to Overweight at JPMorgan. Callaway Gold (ELY) Raised to…
New Stock Offerings Could Help Cause 30% Market Correction
Mark Mobius, a senior portfolio manager at Templeton, has been making market predictions for decades and is widely regarded as being good at it. He told Bloomberg that global markets are in for as…
Negotiating Car Prices On eBay (EBAY)
eBay (EBAY) and GM are setting up a program in California that will allow consumers to negotiate prices for new cars online. Potential customers can also set up financial packages to buy a new…
Overdraft Fees: The Endless Profit Center For Banks
There are so few profit centers that banks can count on anymore. Many of the largest financial firms are still losing money on derivatives. Consumer credit default rates are rising. Commercial real estate may…
Cut The Stimulus Package To Decrease The Deficit
American GDP growth was much better than expected in the second quarter of the year, falling only 1%. Unemployment statistics were surprisingly good as the jobless rate actually improved from 9.5% in June to…
China Misplaces $100 Billion And Puts On Brass Knuckles
China lost a great deal of its credibility in the world business markets when it accused several Rio Tinto (RTP) employees of industrial espionage. The accusations were vague. Australia, Rio Tinto’s home country, pressured…
Media Digest 8/10/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: China is now Africa’s largest trading partner. Reuters: Australia says China’s latest Rio Tinto (RTP) charges are not new. Reuters: Publicis will buy Razorfish from Microsoft (MSFT). Reuters: UBS (UBS) tax talks with…