Is IBM (IBM) Deal To Buy Sun (JAVA) In Trouble?
Inevitably, when a corporate buyout is announced or rumored, the target company’s stock prices trades up to the level of the value of the deal. Last week, there was news that IBM (IBM) was…
All Work
Douglas A. McIntyre
52-Week Low Club (ADG, BTI, ESRX, MAC, INDM)
The rally has been large enough that even with a sell-off of this magnitude we saw very few stocks on 52-week lows. Here are the ones hitting new 52-week lows today: Allied Defense Group…
Bankers Try To Make Up With The Administration (JPM, MS, GS, BAC)
Today was a critical day for the banking sector. The country’s top banking chiefs met with President Obama over the recent discrepancies in TARP fund ramifications, paying back the TARP, executive compensation, and how…
Fewer & Fewer Rigs, More Foreign Oil Dependence (BHI, OIL, USO)
It appears that oil stability and a large percentage rise off of lows is not enough for drillers. Baker Hughes Inc. (NYSE: BHI) released its weekly total rig counts for the US and Canada…
FriendFinder Still Pursuing IPO
FriendFinder Networks, Inc. is still in the hunt for an initial public offering. This is not a run-of-the-mill IPO, as FriendFinder is the parent company of AdultFriendFinder, a site for people looking for casual…
Why Dell (DELL) Is Toast
Dell (DELL) has a problem, or a series of problems. Its share of the PC and server businesses is under pressure from IBM (IBM), HP (HPQ), IBM (IBM), Sun (JAVA), Hitachi, and other companies…
Sky Driving: Why you could soon own a flying car.
By Matthew DeBord of The Big Money What a difference getting airborne makes. Until this month, flying cars were the stuff of Blade Runner, postmillennial defeatist humor about how far we haven’t come since…
Fertilizer Merger Getting Richer (AGU, CF, TRA)
We’ve been watching the fertilizer industry’s merger triangle of Agrium Inc. (NYSE: AGU), CF Industries Holdings, Inc. (NYSE: CF), and Terra Industries, Inc. (NYSE: TRA) for a while now. In the latest development, Agrium…
NRG Throws Debt Scare at Exelon (NRG, EXC, RRI)
NRG Energy, Inc. (NYSE:NRG) has sent a letter to Exelon Corporation (NYSE:EXC) calling on Exelon to withdraw is proposal to expand NRG’s board and to “pack” the board with Exelon picks at the next…
Conoco, When An Upgrade Isn’t An Upgrade (COP, GS, BRK-A)
ConocoPhillips Corporation (NYSE:COP) got a mixed blessing from Goldman Sachs Group Inc. (NYSE:GS) this morning. The bank raised its rating on Conoco from ‘Neutral’ to ‘Buy’ based on Conoco’s valuation. That’s on the one…
Piper Jaffray Initiates Coverage on Genzyme (GENZ) with a Buy; Attractive Entry Point
Piper Jaffray & Co. initiates coverage on Genzyme (Nasdaq: GENZ) with a Buy rating and $86 price target, citing steady growth with highly achievable catalysts. Piper analyst says, “We believe GENZ shares offer steady…
Osiris Crushed on Crohn’s Trial Design Flaw (OSIR)
Osiris Therapeutics, Inc. (NASDAQ: OSIR) is seeing its stock getting pounded this morning. The company announced that it was ending enrollment at 210 patients in its Phase III trial evaluating its Prochymal for Crohn’s…
Is China’s Solar Industry Following the Ethanol Path? (YGE, SOLF)
The government of China’s announcement that it would subsidize solar projects that exceed 50 kilowatts gave China’s solar industry a big boost. Still,the more that government piles into the solar sector, the more the…
Personal Income & Spending: Consumer Inversion Continues
February’s personal income and spending is not looking like any major recession cuts are keeping households from buying needed goods, but if the math is right then they are spending money they don’t have. …
Top 10 Analyst Upgrades & Downgrades (AMGN, COP, DD, GENZ, GS, MON, MOS, BBY, PBR, VMW)
These are ten of the top impact research calls with upgrades and downgrades from Wall Street early this Friday morning: Amgen (AMGN) Raised to Overweight at JPMorgan. ConocoPhillips (COP) Raised to Buy at Goldman…
Key Solar Stocks Hit By Downgrades (FSLR, STP, TSL)
After the huge run up in solar stocks on Thursday, there are actually several key downgrades this morning. These are the main ones we have seen so far: First Solar (NASDAQ: FSLR) Cut to…
A Lucid Moment At GM (GM)
GM (GM) management has finally begun to wise up. Even if the government gives it every dime that it asks for and the Administration can bring the UAW and the company’s creditors to their…
The Bull Market About To Take A Rest (AAPL)(GS)(GM)
A great deal has been made about the Nasdaq going from being down 25% for the year to being up for 2009. The furious rally might continue, but it probably won’t. That is not…
Pushing Mortgage Rates To Zero Won’t Help Housing
No one can remember mortgage rates as low as they are now. The thirty-year rate is at 4.85%. Mortgage rates could go to zero and it would probably not help the housing market. One…
Weekly AAPL Headline Roundup: March 27
AAPL nearing $110 is the headline, but there are other stories worth noting this week, aggregated from 24/7 Wall St. partner Apple Investor News: • Analyst comment of week: Majestic Research tells CNBC’s Jim…