GE (GE) Bombs
GE’s results were not terribly different from what Wall St. expected although revenue was on the low side. The conglomerate, however, could not get out of its own way as it reported mediocre results…
All Work
Douglas A. McIntyre
North Korean Cyber-Criminals Will Be Back
The New York Times points out that law enforcement officials across the world are still puzzled by the source of the cyber-attacks that shut down or slowed down websites in South Korea and the…
Another Mega-Auto Firm For Detroit To Contend With
It is not enough that two-thirds of The Big Three have gone through bankruptcy and that GM is controlled by the Treasury Department. Detroit has to contend with the more adroit and well-funded major…
Video Games Sales, A Key Marker For Consumer Sentiment, Fall Apart
Video games are perfect entertainment during a recession. Game consoles such as the Nintendo Wii, Microsoft (MSFT) Xbox, and Sony (SNE) Playstation, only cost a few hundred dollars. The games that work on them…
Roubini Is Always Right
Celebrities cannot be misquoted. They have been in the public spotlight for too long. Anything that they say is just a thin epidermis on top of the thick layer of their work and personalities.…
Google (GOOG): When The Best Breaks Down
Google (GOOG) is supposed to be one of the “best” companies in the world. It makes “most admired” lists and lists of “most valuable” brands. Google had one of the largest market caps of…
Media Digest 7/17/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: CIT (CIT) is rushing to get financing before its goes bankrupt. Reuters: Bank earnings are boosting recovery hopes. Reuters: IBM (IBM) hiked its full-year outlook. Reuters: Google’s (GOOG) quarterly results were mediocre. Reuters: …
Asia Markets And Europe Open 7/17/2009
Markets in Asia were modestly higher. The Nikkei rose .6% to 9,355. Toyota (TM) moved up slightly. The Hang Send rose .7% to 18,681. HSBC (HBC) was up sharply. The Shanghai Composite rose .2%…
SIRIUS XM Needs More Directors (SIRI)
SIRIUS XM Radio (NASDAQ: SIRI) has announced the receipt of an official notification from NASDAQ that it is outside of NASDAQ compliance rules. This is not over its low price, this one is over…
IBM (IBM) Earnings: Walk-Off Home Run
IBM’s (IBM) quarterly figures for the second period of the year not only beat analysts’ estimates; they beat whisper figures which were much higher. IBM reported EPS of $2.32 up 18%. Wall St. had…
Google Wins, But Not Enough Juice (GOOG)
Google Inc. (NASDAQ: GOOG) is out with earnings. The king of search has posted $5.36 non-GAAP EPS and $4.07 billion in ex-TAC revenues. Thomson Reuters had estimates pegged at $5.09 EPS and $4.06 billion…
Roubini, Dr. Doom, Starts To Surrender
Nouriel Roubini, the notorious bear who called for all this mess we have seen, is finally throwing in the towel on being so bearish and looking more like a soft-bull. Maybe only a bit,…
CBO Pans Healthcare Plan
Obama’s health care received perhaps its harshest criticism to-date Thursday, after the nonpartisan Congressional Budget Office said it will “significantly” expand public spending in an already unbalanced budget. The testimony puts serious doubt in…
Solar Daily Winners (CSIQ, SOL, STP)
We are seeing some positive reactions this afternoon in some of the solar stocks on an individual basis, despite energy prices not offering much of an added boost to the sector. Canadian Solar Inc.…
The Government Gums Up The Mortgage Business
The mortgage industry is pointing fingers at the Obama administration Thursday for falsely raising expectations of how the banks can help consumers avoid foreclosure. What they cannot or will not say is that a…
Homebuilders Look Less Depressed in Survey (XHB, ITB)Homebuilders Look Less Depressed in Survey (XHB, ITB)
It looks like the NAHB survey of homebuilders are again feeling a bit “less-bad” than in recent surveys. The survey for July shows a reading of 17, up from 15 in June. The boost…
Rethinking a CIT Gamble… Preferred & Senior Vs. Common (CIT, CIT-PA, CIT-PC, CIT-PZ)
CIT Group, Inc. (NYSE: CIT) is trading no different than a warrant or way out of the money call option at this point. In short, any trading other than a forced sale here is…
Yahoo! (YHOO) Deal With Microsoft (MSFT) “Imminent”
Sources at a major client of investment house ThinkEquity say that the firm considers a Microsoft (MSFT) link-up with Yahoo! (YHOO) in the search business to be “imminent”. The comments were made by analyst…
Commercial Real Estate Woes Back in Focus (JPM, BXP, LRY, OFC, SPG, PLD, DLR, AMB, CBG)
This morning’s earnings call from J.P. Morgan Chase & Co. (NYSE: JPM) echoes some of our concern of what is coming in the next wave of real estate problems which could cause the next…
Goldman Sachs Drops Motorola (MOT)
If you can imagine it, Motorola (NYSE: MOT) has actually performed well off its lows. But it has also performed well enough that Goldman Sachs is downgrading the troubled handset maker. The $7.00 price…