Government Tries To Hold A Gun To The Head Of GM (GM) Creditors
The Treasury is using all of its muscle in The Motor City. Bondholders in GM (GM) and Chrysler think they may do better if the companies go bankrupt than if they take the paltry…
All Work
Douglas A. McIntyre
Banks, With Goldman Sachs (GS) Out Front, Get Ready To Raise Cash
The market capitalization of some big banks has doubled in a month. All of them will have “stress test” results from the government within a few weeks. Those that get fairly high marks will…
Government Wants Bank “Stress Test” Results To Be Secret
The Federal Reserve keeps saying that many of its dealings with the financial industry must remain secret. Congress keeps insisting that no such secrets should be kept from the taxpayers who are funding the massive bank bailout. …
Swearing Off The Habit Of Flying: Boeing (BA) Proves A Poorly Run Company Can Still Do Badly
Many people who fly on airplanes do not like it one bit. Some of these are claustrophobic while others object to the fact that they are not allowed to smoke at 37,000 feet anymore.…
More Quickly Than It Began, The Great Banking Crisis Is Over
Investors find it disconcerting to see the stocks in the huge financial institutions that are at the foundation of the global capital system trading up and down 25% a day, and, in some cases…
Shorts, Back In Financials, Probably Got Buried. Cut Bets On Tech
Short sellers were figuring that after the bank rally late last month, banks shares were likely to give back some gains. That was working until Wells Fargo (WFC) reported that it would have a…
Media Digest 4/10/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, banks have been asked to keep the results of the “stress tests” of their financial conditions confidential. Reuters reports that the Fed says its current plan is to prevent inflation. Reuters…
Rig Counts vs. Oil Prices: Equilibrium Is Near (BHI)
Baker Hughes (NYSE: BHI) has released its weekly rig count. The overall count between the U.S. and Canada did post another drop despite the notion that oil prices have risen back to where many…
GE (GE) Adds $10 Billion In Market Cap On Earnings Optimism
GE (GE) is surging based on the assumption that results from Wells Fargo (WFC) are an indication that earnings from the conglomerate’s financial services business will be relatively strong. The stock is trading up…
Will Q2 Be Better For Consumer Electronics Or Just Apple (AAPL)
Apple (AAPL) is up today, but so is almost everything else. The company is getting special attention from investors because Credit Suisse upgraded its view of the firm’s prospects for the second quarter. Apparently,…
The Slow Death of the VIX
The CBOE Volatility Index, or the VIX or the ‘fear index,’ has been rolling over and dying because of the rally we have seen over the last five-week period. The DJIA is currently back…
Something Else To Blame on AIG!
The government is now insuring insurers. Guess who’s at the center of the drama. By Chadwick Matlin of The Big Money In honor of spring cleaning, it’s worth taking inventory of what’s underneath the…
Equity One Joins REITs In Raising Cash (EQY)
Equity One, Inc. (NYSE:EQY) joined the ranks of REITs wanting to raise cash to pay down debt. The REIT priced 6.5 million shares of common stock at $14.30 per share. This will bring in…
Bill Ackman’s Target (TGT) Fund Rose 48% Last Month
Bill Ackman’s Pershing Square’s fund that invests solely in Target (NYSE: TGT) saw its value gain 48% in March. For the month of March, Target saw its shares rise by 21%, but Ackman’s Target…
More Financial Regulations, More Financial Failures
By John Tamny of RealClearMarkets Back in 2000 and 2001, the first stage of the Internet era ran aground in an ugly way. From Webvan to theGlobe.com to eToys, investors saw their stakes in…
Fuel Cells Get Nod in Connecticut (FCEL)
FuelCell Energy, Inc. (NASDAQ:FCEL) has received final approval from the Connecticut Department of Public Utility Control to build 9 plants that will together generate 27.3 megawatts of electricity. The state issued preliminary approval of…
Some Good News in Alternative Energy (APWR, GE)
A-Power Energy Generation Systems, Ltd. (NASDAQ:APWR) is a Chinese maker of distributed power generation systems and, just recently, wind turbines. The company reported fourth quarter and full-year 2008 results before the market opened this…
March’s Retail Winners (BKE, FRED, GYMB, HOTT, JCP, TJX)
We are still seeing overall weak trends in the retail sector. This is no shock based upon the overall drop in the economy and the growing army of unemployed workers out there. But there…
Now Almost 6 Million In Continuing Jobless Claims
The weekly jobless claims is still a dismal reading. Thankfully, it was just a tad less dismal than before. The new drop came in at -20,000 from 674,000 to 654,000. The expected drop was…
Direxion Financial & Financials Win On Wells Fargo (WFC, BAC, JPM, C, FAS)
Wells Fargo & Co. (NYSE: WFC) is going to be taking the bank stocks significantly higher, particularly the Direxion Financial Bull 3X Shares (NYSE: FAS). The company is releasing earnings on April 22, but…