Asia Markets And Europe Open 5/23/2009
Markets in Asia were mostly higher. The Nikkei rose 1.3% to 9,347. The Hang Seng was up .6% to 17,172. The Shanghai Composite rose .5% to 2,610. At the open in Europe, the UK…
All Work
Douglas A. McIntyre
The Next Catastrophe For Banks: $3.5 Trillion In Commercial Real Estate Debt
In a long, analytic article about commercial real estate, The New York Post points out that the debt backed by commercial real estate in the US has hit $3.5 trillion. The paper writes that “about $1.4 trillion…
Saudi Arabia Sees $75 Oil, Which Would Kill An Economic Recovery
Saudi Arabia’s oil minister expects oil to move back to $75, about 22% higher than it is now. He also believes that OPEC will not have to cut production for crude prices to rise. Demand…
GM (GM): Using Taxpayer Dollars To Put Taxpayers Out Of Work
The Administration is starting to face some resistance in Congress to its plan to put GM (GM) into Chapter 11 using Treasury money to sustain the company as it works it way to profitability.…
Russians Want To Lose $200 Million On Facebook
The Russians are coming! The Russians are coming! Based on a report in The Wall Street Journal, Digital Sky Technologies, a Russian investment group wants to put $200 million into Facebook for preferred stock.…
Can Nanotech Make A Comeback For Investors? (ALTI, IBM, TINY, NSPH, PXN)
How long has it been since nanotechnology was on the tip of everyone’s tongue as the next great speculative investment frontier? It seems like ancient history. But we have seen news from Altair Nanotechnologies…
Rig Counts Making Oil Supply Drops Self-Fulfilling (BHI)
We have just seen the newest weekly data from Baker Hughes, Inc. (NYSE: BHI). It is surprising how the rig count keeps heading lower and lower despite oil prices having risen so much. It…
Unique Green Incentive: No Sales Tax on Energy Star Appliances
Whether your goal is to go as green as possible regardless of costs or if the goal is to simply cut down on utility expenses, appealing to everyone’s pocketbook is generally an incentive that…
Playboy Buyout Talk, Difficult Valuations (PLA)
Playboy Enterprises Inc. (NYSE: PLA) is sitting in a tough spot. This morning there is a report that the company has the bunny franchise up for sale. We have looked at this very notion…
AAPL Weekly Headline Roundup: May 22
Our weekly headlines from 24/7 Wall St. partner Apple Investor News:
Analysts: Tweaks May Not Save Congress’ Failed Foreclosure Fix
by Alexandra Andrews, ProPublica The Hope for Homeowners program was created by Congress last summer to help an estimated 400,000 homeowners avoid foreclosure. But it could more aptly be called the Hope for A…
China to Blame for Higher Crude Prices?
Today’s FT energy blog includes a post claiming that China is responsible for recent rises in crude prices because it is building its strategic petroleum reserve. The post cites satellite imagery showing more tanker…
Refiners in for More Trouble? (VLO, TSO, MRO, HES)
This week’s report from the Energy Information Administration noted that “strong supply availability from refiners now running at low utilizations in both Europe and the U.S. is likely to moderate gasoline price increases this…
A New Call For Brocade To Hit New Highs (BRCD)
Brocade Communications Systems, Inc. (NASDAQ: BRCD) is the beneficiary of a research call this morning from Broadpoint AmTech. Many research calls are not very aggressive and many are very reactive on the surface. That…
Suntech Deep Discount Offering, Not As Bad As It Sounds (STP)
Suntech Power Holdings Co. Ltd. (NYSE:STP) has priced its follow-on offering of 20 million ADSs at $12.50/ADS. The underwriters have an over-allotment option on an additional 3 million ADSs.
Yingli & LDK, Solar Earnings in the Shade (LDK, YGE, TAN)
LDK Solar Co. Ltd. (NYSE:LDK) makes multicrystalline wafers used to manufacture PV solar cells and Yingli Green Energy Holding Company Limited (NYSE:YGE) is an integrated maker of PV solar products. Both companies have reported…
DryShips Market Cap Changes After ATM Offering Completed (DRYS)
DryShips Inc. (NASDAQ: DRYS) is seeing a surge of interest this morning after the company said it had completed its “ATM” financing of some $475 million in gross proceeds. Merrill Lynch acted as sales…
Revisiting Sears, Salvation Is Near (SHLD)
Sears Holdings Corporation (NASDAQ: SHLD) is trading up sharply this morning after the retailer and part-time hedge fund managed to post positive earnings after the close on Thursday. This is a stock we had…
Analysts Fight Over Anglo American (AAUK)
Anglo American plc (NASDAQ: AAUK) is seeing exact opposite calls on the positives and negatives this morning. We have seen the stock’s rating raised to the revered “Conviction Buy List” at Goldman Sachs based…
Top Analyst Upgrades & Downgrades (ATHN, ARUN, FAS, CVLT, DEO, NE, RDC, ZUMZ)
These are some of the top pre-market analyst calls from Wall Street we have seen early this Friday morning: Athenahealth (ATHN) Cut to Sell at UBS. Aruba Networks (ARUN) Raised to Buy at Jefferies;…