The Jack Welch College Opens For Business
Jack Welch, former head of GE (GE), is too old to be a CEO and is overexposed as an “on air” pundit who spends his time giving opinions on CNBC. He has come up…
All Work
Douglas A. McIntyre
Can Boomer’s Children Save Housing?
It is a nifty, logical, and overly optimistic theory. Housing demand will rise as the children of the baby boomers hit their late twenties and thirties and need homes where they can raise their offspring. According to…
The Death Of Brands: Passing Up Advil For Aspirin
Who needs Advil when it is more expensive than aspirin and probably does no better at reducing pain? Who needs Starbucks (SBUX) when Maxwell House has just as much caffeine? A new survey of…
Housing Market Disaster Worsens
The brief moment of hope that housing had hit a bottom and that both the rate of home sales and prices would improve is slipping away. The pressures that will push prices down, by…
The Government Versus Goldman Sachs (GS)
Goldman Sachs (GS) has now paid back the TARP funds which removes the firm from what it must consider the government’s most draconian pay restrictions, those applied to companies living on taxpayer bailout dollars. Goldman still…
Media Digest 6/22/2009 Reuters, WSJ, NYTimes, FT, Bloomberg.
Reuters: Airlines are cutting back on first class seating. Reuters: Xstrata wants merger talks with mining rival Anglo American. Reuters: Employers are cutting 401 (K) plans. Reuters: Brand loyalty is being hurt by the recession.…
Asia Markets And Europe Open 6/22/2009
Markets in Asia were higher. The Nikkei rose .4% to 9,826. The Hang Seng was up 1.6% to 18,213. The Shanghai Composite rose .6% to 2,896. At the open in Europe, the FTSE was…
Why Yahoo! (YHOO) Will Never Recover
Yahoo! (YHOO) will never recover from its botched negotiations with Microsoft (MSFT), in which the larger company offered to buy it in early 2008. The initial offer was for $44.6 billion, or $31 a…
Bank Of American (BAC) Dumps Two More Directors
It is hard to imagine why one of the world’s largest money center banks would have an admiral and a general on its board, but Bank of America (BAC) has done a number of…
Year-To-Date Trends For CNBC.com And FoxBusiness.com
Since the beginning of the year, the audience at CNBC.com is up 10% according to Hitwise. FoxBusiness.com is off 23%. CNBC.com Foxbusiness.com Week Ending Rank Among Business Websites Market Share of Business…
Apple’s (AAPL) Steve Jobs Had A Liver Transplant
According to The Wall Street Journal, Apple (AAPL) CEO Steve Jobs had a liver transplant two months ago and will not be able to return to work full-time for another month or so. While…
E*TRADE Valuation May Finally Be Compelling (ETFC, SCHW, AMTD, GS, MS)
E*TRADE Financial Corp. (NASDAQ: ETFC) has been the worst of the online brokerage stock. With some of the crazy mortgage products it offered, it is no wonder. And the stock has paid a price,…
First Major Rig Count Growth In Months (BHI, USO, OIL)
Baker Hughes Incorporated (NYSE: BHI) has released its first rig count in weeks that shows an increase. This follows months and months of declining rig counts as many were down more than half from…
Many Cult Stock Changes In Russell 3000 Rebalance (CPST, BCON, FNSR, RICK, SIRI, TSCM, URRE, VG)
The Russell 3000 Index is being rebalanced and many cult stocks with low share prices that have a wide following and high trading volume are getting booted off the index. Beacon Power Corporation (NASDAQ:…
Russell Rebalance Included Many Cult Stocks (CBOU, DDRX, OPWV, STEM, UBET)
There are some interesting cult stocks which have recovered so much that they are being added into the Russell 3000 Index when the index gets rebalanced and reconstituted at the end of this month. …
Buying/Selling Berkshire Hathaway The Cheap Way: Stock Options (BRK.B, BRK.A)
Admittedly, this almost feels strange. Before this week there have not been any stock options for Berkshire Hathaway, Inc. (NYSE: BRK-A) (NYSE: BRK-B). We received word from the CBOE that this is now no…
Newsweek.com Audience Jumps After Relaunch
Newsweek.com, just off of the launch of its new website and magazine, posted a large increase in its online audience, according to numbers from Hitwise.com. Newsweek.com’s share of visites to “news” websites moved from…
Russell Rebalance Including & Excluding Key IPO’s (BPI, DGI, OPEN, RST, RHIE, SWI, CYOU, LOPE, MJN, RAX)
We will have some changes or further additions and deletions coming today from Russell for the highly awaited Russell rebalance and reconstitution taking place late this month. What is interesting about the group’s additions…
Russell Booting Out Speculative Energy Stocks in Rebalances (AXAS, AKNS, AEZ, KAZ, CPE, CFW, CPST, DBLE, EXXI, FTK, GGR, GMET, GRH, TMR, MIND, NCOC, PEIX, QRCP, RAME, TIV, TRMA)
This year is going to mark a significant change in the Russell rebalance and reconstitution at end of June. Now that oil and other energy related commodities have been cut in half from the…
Bove Runs Up Citi Again (C)
Citigroup, inc. (NYSE: C) is back under focus by an old bull in the stock. Dick Bove of Rochdale Securities has started coverage of the troubled bank with a BUY rating and a $4.00…