Apple (AAPL) And Palm (PALM): Lose Money On Every Sale And Make It Up On Volume
One of the first rules students are taught at The Harvard Business School is that it is a bad practice to sell products at a loss and hope to make up the deficit on…
All Work
Douglas A. McIntyre
Treasury Gets Its Money Back And Can Afford To Save Another Industry
The Treasury Department is likely to allow 10 banks which owe in money from TARP funds to pay it back a total of $50 billion. The money will probably burn a hole in the…
Media Digest 6/9/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: China must balance growth and reducing greenhouse gases. Reuters: The Supreme Court has delayed Chrysler’s Chapter 11. Reuters: The US will allow 10 banks to repay TARP funds. Reuters: The Boston Globe (NYT)…
Asia Markets And Europe Open 6/9/2009
Markets in Asia were narrowly mixed. The Nikkei fell .6% to 9,786. The Hang Seng was off .4% to 18,183. The Shanghai Composite was up .7% to 2,788. At the open in Europe, the…
Gas Prices Sudden Step Into The Limelight
It may only be dawning on the media and economists that high oil prices have pushed gasoline over $3.00 per gallon in some states. A prolonged period of high fuel prices will deaden whatever…
Chrysler Will Not Be The Administration’s Last Trip To The Supreme Court
Justice Ruth Bader Ginsberg reviewed a lawsuit by several Indiana pension funds to block the sale of some Chrysler assets to a group led by Fiat and indicated that there was some chance the…
Texas Instruments Looking Less Conservative (TXN, BRCM, QCOM, MRVL)
Texas Instruments Inc. (NYSE: TXN) has just given its second quarter update, one of the first seen by major chip companies. The chip giant sees $2.3 billion to $2.5 billion in revenues, above a…
Apple’s Aggressive Pricing Risks (AAPL, T, RIMM, PALM, S, VZ)
Apple Inc. (NASDAQ: AAPL) is having more than its share of free press from the World Wide Developers Conference this week. The big new push here seems to be on revamping the iPhone and…
Cramer’s SLM Double, Actually A Triple Or More (SLM)
Jim Cramer is loved and hated by many on both sides, but despite the hype he makes and gets accused of he rarely calls for a stock to double. That is what we just…
How To Measure Obama’s 600,000 New Jobs
President Obama says that he plans to accelerate portions of the stimulus bill in an attempt to add jobs to the economy more quickly. The new goal is to create 600,000 positions over the…
Analysts Duel Over Google Values (GOOG)
Google Inc. (NASDAQ: GOOG) is still watched by just about every trader under the sun. This morning we have two analyst research calls that differ greatly. There is a raised price target and a…
McDonald’s Seeing Some Slowing Growth (MCD)
McDonald’s Corp. (NYSE: MCD) is trading lower after the fast food giant posted some mixed same store sales data for the month of May. The golden arches posted +5.1% same store sales, above the…
Despite the Fed’s Protests, Growth Does Not Cause Inflation
John Tamny of RealClearMarkets Inflation’s decline in the ’80s thanks to a resurgent dollar seemingly proved once and for all that it is always monetary in nature–specifically the result of debased money. From post-World…
Top 10 Analyst Upgrades & Downgrades (ARG, T, GOOG, HOV, MELI, SSL, STO, TSM, TRI, WSM)
These are the top ten analyst calls for research upgrades, downgrades, and initiations which we have seen from Wall Street early this Monday morning: Airgas (ARG) Started as Buy at Piper Jaffray. AT&T (T)…
Will All Of The Top Management On Wall St. Work For $1 A Year?
The Administration is looking at further pay caps for executives on Wall St. and the auto industry. The reasoning is that if a company takes government money, the government should have a say in…
Microsoft (MSFT) May Offer Huge Price Cut For Windows 7 Pressuring Margins
Microsoft (MSFT) may price Windows 7 as low as $100 to offset the effects of the recession on PC operating system sales and the public’s rejection of Vista, the current version of Windows. The…
Oil Will Rise Much Further Says Industry CEO
Shell is the largest oil company in Europe and one of the biggest in the world. Its assessment of the industry and the direction of the price of oil is probably as accurate as any.…
The New Case For Airline Bankruptcies: $9 Billion Annual Loss
The International Air Transport Association has doubled its estimates for global airline industry losses compared to its figure of three months ago. That presages another round of carrier bankruptcies similar to these in the early…
The Failure Of The Web 1.0 Giants And The Case That Facebook and MySpace Could Be Worthless
Facebook recently took in a new $200 million investment which puts the value of the company at $10 billion. That is down from a $15 billion valuation based on an investment that Microsoft (MSFT)…
Fixing Housing Prices By Encouraging A Free Fall
There are a number of market reasons that housing could continue to fall over the next two or three years. Robert J. Shiller of Yale makes the point, writing in The New York Times,…