Asia Markets 8/10/2009
Markets in Asia were mixed. The Nikkei rose 1.1% to 10,524. Sony (SNE) was up over 3%. The Hang Seng advanced. 2.2% to 20,829. The Shanghai Composite fell .3% to 3,250. At the open…
All Work
Douglas A. McIntyre
The Unusual Suspects (MS, GENZ, SPPI, CBST, DNDN, OPXA, BRK-A, FRED, GSIC, AMAT, WMT, LEAP, PCS)
We have some very unusual developments that came late in the week that we want you to keep on your watch lists for the coming week. We also included the big events coming down…
Berkshire Hathaway Helped By Derivatives Gains Of $1.53 Billion
Buffett Spit-Shines Berkshire Earnings (BRK-A, BRK-B, COP, GS) Berkshire Hathaway Inc. (BRK-A, BRK-B) has just released earnings for its second quarter. Warren Buffett and friends reported earnings of some $3.3 billion, or $2,123.00 EPS,…
Credit to Americans Still Declining (V, MA)
Unemployment may be improving or getting less bad, but the same is not true for credit and borrowing by consumers if the June trends continue. The consumer credit report for June has just come…
24/7 Wall St. TV: Fannie Mae Begs For $10.7 Billion More
For those who want to know how much worse that housing market is getting they need look no further that the quarterly results of Fannie Mae (FNM). The mortgage operation lost $15.2 billion and…
Brokerage Giant Restricts Leveraged and Inverse ETF Products (FAS, FAZ, UYG, SKF, SDS, SSO)
The movement against, or at least a move to better quantify, leveraged ETFs is still going. In fact, it is becoming more clear. While this is not against any single leveraged ETF (or inverse…
Time To Revisit Cellular Merger in Pre-Paid & No-Contract (LEAP, PCS, VM, S, T, AMX, DT)
Leap Wireless International Inc. (NASDAQ: LEAP) made our volume spike alert this morning based on last night’s dismal earnings results. But after a deeper look, there is an old reminder here that might need…
Top Day Trader Alerts (AIG, CROX, SQNM, LEAP, PMI, NVDA)
These are this morning’s top day trader and active stock alerts. We have more detailed price and volume analysis links on each stock from VSInvestor.com: American International Group (NYSE: AIG) is continuing the recent…
Rig Counts Not Just Bottoming… They Grew (BHI, OIH)
Baker Hughes Incorporated (NYSE:BHI) shows weekly data on its rig counts it sees, but this morning it has announced its rig counts for the full month of July. Higher energy prices are bringing more…
Reading Jobs Data With Disbelief
The unemployment rates and jobs data almost does not add up on the surface. Some of this may boil down to seasonality issues, but many traders are scratching their heads after seeing this report. …
Top 10 Analyst Upgrades & Downgrades (CROX, FTE, MMC, PCS, WTR, LEAP, NVO, RRGB, TI, TRI)
Everyone is on hold for jobs data, but there are still pre-market research calls. These are the top ten analyst calls we saw for upgrades and downgrades this Friday morning: Crocs (CROX) Raised to…
AIG (AIG): Wall St.’s Miracle Child, Posts A Profit
AIG (AIG) was never supposed to post a profit again. It was too badly down on its luck, even after taking in $180 billion in taxpayer money. It frustrated CEO Ed Liddy is leaving after…
Google (GOOG): The World Most Valuable Brand At $100 Billion
New data from Millward Brown, the brand evaluation firm, shows that Google (GOOG) is the world’s most valuable brand with a valuation of just over $100 billion. That is well above the No.2 brand,…
More Evidence That GM Should Relocate To China
GM says it will sell 1.4 million cars in China this year. It sold about 180,000 in the US in July. The critical difference between its costs in the two markets is that many…
Citigroup (C) May Give Up On Phibro
Pressure from the government may be forcing Citigroup’s (C) hand. Its Phibro energy group has generated $2 billion in profit over the last five years, but it has cost the bank in compensation expenses.…
Bank Of America’s Secret Deal To Buy Merrill Lynch
Bank of America (BAC) announced that it would buy Merrill Lynch for $50 billion on September 15 of last year. It was one of the largest M&A transactions in the American banking industry, but…
Media Digest 8/7/2009 Reuters, WSJ, NY Times, FT, Bloomberg
Reuters: A college education no longer means easy employment in China. Reuters: Fannie Mae (FNM) lost $14.8 billion. Reuters: The auto “clunkers” legislation passed the Senate. Reuters: Obama is in no rush to decide…
Asia Markets And Europe Open 8/7/2009
Markets in Asia were mixed The Nikkei rose .2% to 10,412. The Hang Seng fell 1.5% to 20,596. China Mobile (CHL) rose sharply. The Shanghai Composite dropped 2.7% to 3,281. At the open in…
Another $10.7 Billion For Fannie Mae (FNM)
For those who want to know how much worse that housing market is getting they need look no further that the quarterly results of Fannie Mae (FNM). The mortgage operation lost $15.2 billion and…
NVIDIA Returns To Profits One Quarter Early (NVDA, AMD)
NVIDIA Corporation (NASDAQ: NVDA) is back to profitability. Yep, profits. The graphics chipset leader posted $0.07 non-GAAP EPS. This is down almost half from last year’s $0.13 EPS, but it is significantly better than…