Jobless Army Approaches 7 Million
Weekly Jobless Claims just came out from the Labor Department and the most recent data shows a drop of 13,000 on a revised basis to 623,000. The data from the week before was revised…
All Work
Douglas A. McIntyre
Top Analyst Upgrades & Downgrades (ADSK, AVY, CAT, DFS, FEIC, BEN, JWN, PMTC, SLB, VECO)
These are some of the top pre-market analyst calls with upgrades and downgrades from Wall Street firms this Thursday morning with more than two hours until the market opens: AutoDesk (ADSK) Started as Neutral…
Server Sales, A Proxy For IT Spending, Take A Hit (HPQ)(IBM)(DELL)(INTC)(AMD)
A drop in server sales is bad news for companies that build them including HP (HPQ), IBM (IBM), and Dell (DELL) and the firms that supply chips–AMD (AMD) and Intel (INTC). But, it is…
As Parts Company Visteon Goes Bankrupt, Car Industry Faces Another Challenge
Car parts maker Visteon is is going into Chapter 11 and if a number of its peers follow it, there is a chance that the supply of components to US car companies could be…
Google (GOOG) Deal Will Hurt News Corp (NWS) Earnings
Google (GOOG) has a three-year deal to sell search advertising on News Corp’s (NWS) huge social network MySpace. The arrangement will soon be up for renewal. Google did not get a return on its…
Federal Reserve To Undercut Bank Stress Tests
Now that the bank stress tests are over the firms that were examined and found to need more capital have been able to go about the business of raising it. Part of their projections of…
One Bank Regulator For One Mess
The federal government is considering having one regulator to oversee the entire banking system. The mess in the industry is so great that the idea of consolidating the power to control the sector may be…
The United States Debt: Safer Than Fort Knox
No one should have to tell the US government that it has the highest possible credit rating. It is the government of the world’s largest economy, the world’s most voracious consumers, and its debt,…
Another Hundred Years Of A World Fueled By Oil
The head of Exxon Mobil (XOM), which from time to time is the most profitable and most valuable company in the world, told people attending the firm’s annual meeting that oil and gas will…
Media Digest 5/28/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: Central bankers in the US and Europe are battling deflation and inflation simultaneously. Reuters: GM (GM) is close to bankruptcy but the fate of Opel is still open. Reuters: Citigroup (C) and the…
Short Sellers Flee Tech Stocks (MSFT)(CSCO)(ORCL)(JNPR)
The sharp rally in technology stocks over the past two weeks has pushed short sellers out of the market. The short interest in Microsoft (MFST) fell 29% in the period ending May 15 to…
SIRIUS XM Gets Closer To Reverse Stock Split (SIRI)
In most years, shareholder meetings are not full of much change. This year has been very different in that manner, and SIRIUS XM Radio Inc. (NASDAQ: SIRI) just sealed its share fate on the…
Full 2009 ASCO Cancer & Oncology Primer (ABII, AEZS, ALTH, AMGN, APPA, ARQL, BMY, CLDX, CELG, CTIC, CGRB, LLY, EXEL, GHDX, GSK, IMGN, MEDX, MDVN, MITI, OGXI, OSIP, PPHM, PFE, ROSG, SNTA, TRBN, ZIOP, ZGEN)
We have compiled an updated lengthy 2009 American Society of Clinical Oncology, or ASCO, document showing many company cancer data presentations slated to start this weekend. This is broken down in drug and biotech…
DJIA Component Replacement Candidates for GM (GM, F, CSCO, ORCL, GOOG, AAPL, CL, HON, PEP, TGT, MDT, ABT, GS, BRK-A)
The bets are on that General Motors Corp. (NYSE: GM) is done as far as the current stock is concerned. While it seems that the equity holders of today will keep 1% of the…
China Seeks Even Cheaper Iron Ore (RTP, CLF)
The deal between Rio Tinto plc (NYSE: RTP) and Japan’s Nippon Steel that cut the Japanese company’s iron ore price by a third does not appear to be acceptable to China’s steelmakers. Confirming our…
Advanced Battery Tech, Conservative Projections (ABAT)
Advanced Battery Technologies, Inc. (NASDAQ: ABAT) has offered up 3-year projections for the recently acquired Wuxi ZhongQiang Autocycle CO., Ltd., which currently has four production lines in operation with production capability of 100 vehicles…
Turning To The Mafia For Money During The Recession
The Treasury has probably made a horrible mistake by not turning to the Mafia for cash during the current financial crisis. The Mob has billions of dollars looking for a legitimate home. Even the…
Evergreen Kicks Out New Marketing Effort, Sort Of (ESLR)
While waiting for its 37 million share secondary offering to close, Evergreen Solar Inc. (NASDAQ: ESLR) will introduce a new branding campaign. The theme is “More Electricity, Less Impact.”
More Losses in the Chinese Solar Space (CSUN, CSIQ, YGE)
Another Chinese maker of PV solar cells, China Sunergy Co., Ltd. (NASDAQ:CSUN), has reported a loss for the first quarter of 2009. The company’s net loss per diluted ADS came to -$0.40. On a…
Shell Game (RDS-A, RDS-B, XOM)
The big news this morning is a restructuring at Royal Dutch Shell plc (NYSE:RDS.A) as the oil major welcomes a new chief executive on July 1st. The company is dividing its business geographically, into…