The Big Morning Movers Analysis
Several stocks will make major moves at the open. Noven (NOVN) is up on a buyout. Changes in military healthcare buying may effect Aetna (AET), United Health (UNH), and Humana (HUM). Novellus (NVLS) is…
All Work
Douglas A. McIntyre
J&J’s Earnings Win Muted By Currency Impact (JNJ)
DJIA component Johnson & Johnson (NYSE: JNJ) has come out with earnings slightly ahead of estimates. The medical and consumer products giant posted $1.15 EPS vs $1.11 estimates and revenues were down 7.4% to…
Top Analyst Upgrades (BK, NILE, LLL, NTRS, PRU, VMW, YHOO)
These are some of the top pre-market analyst upgrades and positive research calls we have seen from Wall Street early this Tuesday morning: Bank of New York Mellon (BK) Raised to Buy at BofA/Merrill.…
Top Analyst Downgrades (BKC, IPCM, MAS, POT, VOD)
These are some of the cautious analyst calls and analyst downgrades we have seen from Wall Street firms with more than two hours until the market opens this Tuesday morning: Burger King (BKC) Cut…
China Still The Main Driver Of Oil Prices
Rumors that China’s GDP and demand for oil are increasing continue to take oil prices up, even if they turn out not to be true. The madness over a Chinese economic recovery grows by…
The Next Great Stimulus: Mortgage Help For The Unemployed
The stimulus package has failed to halt the rise of unemployment and has done little to improve investment spending by businesses. Real estate prices are still dropping and the default rates on credit cards…
Goldman Sachs (GS) Executives Dump $700 Million In Stock
Goldman Sachs (GS) has a tin ear. It cannot hear or wishes to ignore the tremendous bad publicity that has come from news that it will pay out record bonuses this year. It will…
Exxon (XOM): Fuel From Algae
One piece of news no one ever expected to hear is that Exxon (XOM) will put $600 million into a project that seeks to convert algae into liquid fuel for transportation. The huge oil…
Federal Government Psychics Forecast The Future Job Market
Forecasting is the meticulous brother of optimism. The Administration is still determined to create or retain 3.5 million jobs by the fourth quarter of 2010 through its $787 billion in stimulus spending, according to…
The Tax-less Recovery
It is now old news that the Treasury has reported that the US budget gap for June was just over $94 billion which compares with a surplus of over $33 billion in the same…
Media Digest 7/14/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: Riots in China show the nation is in flux. Reuters: The US is considering mortgage aid for the unemployed. Reuters: The June budget gap was $94 billion. Reuters: Rattner stepped down from the…
Asia Markets 7/14/2009
Markets in Asia were higher The Nikkei rose 2.3% to 9,262. The Hang Seng was up 2.8% to 17,744. HSBC (HBC) was up 5%. The Shanghai Composite rose 2.1% to 3,145. At the open…
How Does Take-Two (TTWO) CEO Ben Feder Keep His Job?
Shares of Take-Two (TTWO) Interactive fell 14% after hours as the company cuts its forecasts of earnings and sales for its fiscal 2009. The major reason for the change was the delay of the…
CIT (CIT) Update
After a sharp sell-off during the day due to concerns about a Chapter 11 filing, CIT (CIT) rallied by over 20% after hours on rumors that the federal government may provide bailout funds. The…
CIT Heads Deeper Into Junk Status (CIT)
CIT Group, Inc. (NYSE: CIT) has been hit steadily after news that it was not going to have the government loan guarantees, then on concerns that certain customers could be left in the lurch,…
Dell… Stabilization and Lower Margins Seen As Disappointing (DELL)
Dell Inc. (NASDAQ: DELL) has preempted the entire tech earnings season by offering some guidance of its own. The PC-centric tech giant has said that year-over-year demand for IT products appears to have stabilized,…
Full 360 Review of Technology Earnings Previews (NVLS, INTC, XLNX, GOOG, IBM)
This week will mark the kickoff for the real flood of Q2-2009 earnings season. We have many key technology stocks reporting earnings this week and these should help to craft the post-earnings bias for…
A Massive Expansion Of Nuclear Projects?
Fresh support among Republican senators for a massive expansion of nuclear projects is unlikely as proposed, but it’s an indication of the concessions needed for Democrats to pass their energy reform bill. That could…
Banks and Brokers… Major Earnings on Deck (GS, JPM, SCHW, BAC, C)
This is the real week for earnings season where the floodgates open. That is particularly the case for some of the top banks, investment banks, and brokers. Goldman Sachs Group, Inc. (NYSE: GS) is…
Netbook Sales Surge, Leaving Some Companies Behind
Computer research firm NPD expects netbook sales to rise to 20% of total laptop sales this year. That would put unit sales just shy of 33 million, a increase of 100% over 2008. The regions…