The Global Credit Crisis: Another Flavor Of Pessimism
Investor Mark Mobius gets placed in the pantheon of money men including Soros and Buffett. He may not be as rich, but he has been in the market for decades and has posted an…
All Work
Douglas A. McIntyre
CPI Indicates Inflation Is Elusive
The June reading for the Consumer Price Index, the measure for retail inflation, is a bit different than the Producer Price Index hike seen yesterday. The headline CPI came in at +0.7% and the…
When High Charge-Offs Start Looking Good (COF)
Capital One Financial Corp. (NYSE: COF) has some more dismal data regarding the monthly credit card defaults and delinquencies. The defaults rose again in June, bolstered by weak economic data and higher unemployment. But…
Yingli Expanding in America (YGE)
Yingli Green Energy Holding Company Limited (NYSE: YGE) is going harder after the solar market in North America. The Chinese PV Manufacturer is opening two coastal U.S. headquarters offices in New York City and…
Top 10 Analyst Upgrades and Downgrades (ALU, CHS, PLCE, DB, GS, IGT, ICE, MCO, WSII, PAR)
These are some of the top pre-market analyst upgrades, downgrades, and initiations we have seen from Wall Street with about two and a half hours until the market opens: Alcatel-Lucent (ALU) Raised to Buy…
Bank of Japan Looking Recession-Lite
The Bank of Japan has made a economic projection that has at least a bit of cautious optimism. While it is not declaring the recession entirely over, the BOJ kept rates at 0.10% and…
If Uncle Sam Takes Mortgages and Becomes Landlord
What if the government adopted a new strategy on how to keep homes occupied by delinquent and troubled owners by letting them stay in the house as a renter? This may sound crazy or…
A World Where All Technology Products Are Free (GOOG)(AAPL)(MSFT)
Many of the 65,000 Apps available at the Apple (AAPL) iPhone store are free. Microsoft (MSFT) is going to give away an online version of its new Office software. It may not occur to…
No Gravity In China’s Stock Markets
The Shanghai Composite, the best measure of China’s equities markets, traded at 1,700 last November, when it appeared that the GDP growth of the world’s most populous nation was moving well below 5%. The economy in…
The Bumbling At AIG (AIG) Continues
AIG’s (AIG) management has repeatedly promised that it will get taxpayers back every dime of the $180 billion that the government has put into the insurance company in one form or another. Part of…
How Many More Bailouts After CIT (CIT)
The Wall Street Journal has been carefully following the story of CIT’s (CIT) liquidity crisis. News that the firm is in trouble caused customers to draw down several hundred million in credit lines. The…
Can Intel (INTC) And Dell (DELL) Both Be Right?
Dell (DELL) delivered a pessimistic forecast about it recent sales and the short-term period ahead, indicating that the PC market is still in trouble. A number of industry analysts expect global computer shipments to…
Media Digest 7/15/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: The US may give CIT (CIT) short term loans. Reuters: Intel (INTC) issued a positive forecast and indicated that the PC market may be improving. Reuters: The US CPI was up more than…
Yum!’s Domestic Numbers Head South (YUM)
Yum! Brands Inc. (YUM) has reported earnings. The owner of KFC, Taco Bell, and Pizza Hut posted $0.63 EPS after a gain and $0.50 EPS outside of items and $2.48 billion in revenue. Thomson…
Intel Calling For Seasonal Strength (INTC, SMH)
Intel Corporation (NASDAQ: INTC) posted earnings, and the chip and processor giant made $0.18 in non-GAAP EPS and $8.02 billion in revenues. Thomson Reuters estimates of $0.08 EPS on $7.27 billion in revenues. Gross…
Online Jewelry Sales Heating Up? (NILE)
Generally speaking, it takes one significant analyst call to move a stock 10%. Yet today, that is exactly what we are seeing in shares of Blue Nile Inc. (NASDAQ: NILE). Citigroup raised its rating…
Health Net’s Major Loss.. Likely Lesson For All Insurers (HNT, HUM, AET, UNH)
Health Net Inc. (NYSE: HNT) is one of today’s worse performers on the heels of losing its Pentagon health insurance contract. The Pentagon picked Aetna Inc. (NYSE: AET) and UnitedHealth Group Inc. (NYSE: UNH)…
Can Intel Earnings Shake Dell’s Shadow? (INTC, DELL, AMD, TXN, MSFT)
Intel Corporation (NASDAQ: INTC) is set to report earnings today after the close of trading. The processor and chip giant has Thomson Reuters estimates of $0.08 EPS on $7.27 billion in revenues. Because of…
CSX Rises, But Shows Why Warren Buffett Is Worried on Rails (CSX, BNI, NSC, UNP, BRK-A)
CSX Corp. (NYSE: CSX) is showing exactly why Warren Buffett has been so pessimistic lately. Q2 2009 earnings were $308 million or $0.78 EPS. This is down from $385 million, or $0.93 EPS, a…
Don’t Buy Into Brown and Sarkozy’s Oil ‘Speculations’
By John Tamny of RealClearMarkets In the Wall Street Journal last week, French president Nicolas Sarkozy teamed up with U.K. Prime Minister Gordon Brown on a piece meant to reduce oil-price volatility. Given their…