Green News: Can Coal Be Cleaned Up?
The US coal industry has not (yet) suffered the same put-downs from the Obama administration as the oil and gas industry. No delays on drilling or leases, no increases in royalty rates, no new…
All Work
Douglas A. McIntyre
Apple in You Ear, For $79 (AAPL)
Apple Inc. (NASDAQ: AAPL) looks like it is bringinig on its own line-up recession-proof products. Its newest product is a smaller iPod Shuffle. It is so small you might not be able to find…
Top Analyst Downgrades (AXP, ADSK, DKS, IFF, RBS, SLB)
These are the top pre-market analyst downgrades and negative calls from Wall Street that we have seen this Wednesday morning: American Express (AXP) Cut to Sell from Neutral at Goldman Sachs. Autodesk (ADSK) Cut…
Top Analyst Upgrades (BIG, COF, DFS, HPQ, JBLU, MS, MOT, TSN, USB)
These are the top analyst upgrades and positive calls we have seen from Wall Street this Wednesday morning: Big Lots (BIG) Raised to Overweight at JPMorgan. Capital One (COF) Raised to Buy at Stifel…
The Rumor Mill That Never Stops: Apple (AAPL) Building New PC
It is not a real news day for the tech and financial press if there is not a new rumor about Apple (AAPL). The latest speculation is the the consumer electronics company will come…
If OPEC Cuts It May Not Get Desired Result
According to Reuters, “OPEC is likely to cut oil supply to support prices at its meeting on Sunday, a member of Kuwait’s Supreme Petroleum Council said.” A month ago, that might have been an…
Wal-Mart’s (WMT) Bid To Save The Healthcare System
The AMA, the federal government, and most insurance companies and HMOs have been arguing that storing and updating medical records digitally is much more efficient than having them on paper. The argument is compelling.…
The Recession Squad Comes For China
At the recent annual gathering of China’s political elite, one official followed another in a nearly endless line, stepping up to the podium to insist that China’s GDP would grow at an 8% or…
Betting The US Government Won’t Pay Its Debts
It is one thing when someone can’t make a mortgage payment or a company cannot cover the interest on capital it borrowed to build a new factory. In a recession, those kinds of events…
Should The Market Ever Go Up 7% In A Day?
In a poor economy and a market that is trading down on most days, a drop of 7% may be breathtaking, but it is not unexpected. With predictions of 7% or 8% GDP contraction…
Short Sellers May Have Been Squeezed In Citi And GE, But Keep Record Level Positions
Short sellers may have taken a bath in companies such as Citigroup (C) and GE (GE), but they increased investments in many companies to record levels. At the end of February, shares sold short…
Media Digest 3/11/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Madoff will plead guilty. Reuters reports that most consumers do not expect any recovery until 2010. Reuters reports that Bernanke says new management at AIG (AIG) has curbed costs. Reuters reports…
Stocks That Should Double: Media (DISH)(TSCM)(CBS)(GCI)
This week 24/7 Wall St. is picking several stocks that are likely to double off of their lows. The time frame is by the end of 2010, which is meant to coincide with some…
The 52-Week Low Club (MTG)(JCI)(CMTL)
MGIC Investment (MTG) Worries about mortgage defaults. Drops to $.93 from $15. Johnson Controls (JCI) Moody’s downgrade. Off to $8.35 from 52-week high of $36.49. Comtech Telecommunications (CMTL)– Ugly earnings. Drops to $19.56 from…
Meredith Whitney Double-Slams Credit, Sort Of… (GS, MS, C, BAC)
Influential bank analyst Meredith Whitney just gave a Maria Bartoromo an interview on CNBC after her op-ed piece in the WSJ called credit cards and credit lines the next wave of problems for financial…
Bernanke Says “If”
The market is enthusiastic about Ben Bernanke’s comments that the economy could begin to rebound later this year or early next. People using the comments to press the idea that good times are just…
Was The Wall Street Journal Completely Wrong About Citigroup (C)?
Vikram Pandit, CEO of Citigroup (C), said that the bank made money in the first two months of the year. Primarily on the strength of those comments, the firm’s stock is up 36% to…
Battle Over GE (GE) Heats Up (Update)
As shares of GE (GE) jumped up today, the number of skeptics about the balance sheet of the firm’s financial unit seemed to go up. GE was up almost 20% at one point during the…
Energy Stocks That Should Double (VLO, CHK, FSLR, COP, BHI)
This week 24/7 Wall St. is picking several stocks from major sectors that are likely to double off of their lows. The time frame is by the end of 2010, which is meant to…
Did Pandit Really Mean It? (C)
Vikram Pandit, CEO of Citigroup Inc. (NYSE: C) is being credited for most of today’s rally based upon a memo he sent to employees after last week’s debacle. We have provided additional data, and…