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…
All Work
Douglas A. McIntyre
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…
Very Little Sunshine In Solar (JASO, FSLR)
JA Solar Holdings Co., Ltd. (NASDAQ: JASO) reported a 2008 fourth quarter loss of -$0.11/share, lower than analysts’ estimates of a -$0.02 loss. Revenue for the quarter reached $143.5 million, beating expectations of $117.94…
Bernanke: Regulator of Last Resort?
Federal Reserve Chairman Ben Bernanke has been giving a speech this morning at the Council on Foreign Relations in Washington D.C. about financial reform and systematic risk. While Bernanke talked about additional steps being…
Citigroup Downgrades Wal-Mart (WMT) On EFCA/Card Check Concerns
Citigroup downgrades Wal-Mart (NYSE: WMT) from Buy to Hold, saying concerns about the expected introduction of EFCA/card check legislation, which simplifies union formation, limits the upside for the stock. The analyst said, “George…
United Tech Slashing 11,600 Jobs; Cut Guidance Too (UTX)
United Technologies Corp. (NYSE: UTX) is trading higher on what would have been considered bad news in other economies or in different times. The company announced an additional $600 million of restructuring actions for…
Mark-to-Market Doesn’t Destroy, It Reveals Destruction
By John Tamny RealClearMarkets Back during the Internet IPO boom, companies ranging from Netscape to Priceline to Expedia went public with no earnings to speak of whatsoever. Retail giant Amazon.com was jokingly referred to…
Top Analyst Downgrades (APOG, BJS, BJ, HAL, KEG, NBR, OMC, PTEN, PCG, SLB, WMT)
These are some of the top pre-market analyst downgrades and negative calls we have seen early this Tuesday morning: Apogee (APOG) Cut to Sell at Piper Jaffray. BJ Services (BJS) Cut to Sector Perform…
Top Analyst Upgrades (BIG, GLW, DRIV, DUK, KSS, MEOH, PFE, STP, TRV, WYE)
These are the top pre-market analyst upgrades and positive calls we have seen from analysts this Tuesday morning: Big Lots (BIG) Raised to Buy at Soleil. Corning (GLW) Raised to Buy at Collins Stewart.…
Pandit Says Citigroup (C) Off To Great Start For The Quarter
Citigroup (C) CEO Vikram Pandit says that the bank is having a great quarter. That must be true because he says it is, although his comments in the past have not always been spot on. According to the…
Credit Cards: Weighing Bad Debt Against Any Debt At All
Bank uber-analyst Meredith Whitney wrote in The Wall Street Journal that the economy will have more problems as banks take credit cards away from people to prevent bad debt write-offs. She says “Just six…
“The Great Recession”: The Art Of Naming Things Before They Happen
The head of the IMF is calling the period that the world is in now and is likely to stay in for some time “The Great Recession”. According to Reuters, he said “The IMF…
Another Look At The Fate Of The US Retail Industry
AlixPartners, a turnaround firm, said at the beginning of the year that 10% to 26% of retailers were in financial distress and were in danger of filing for Chapter 11. It is worth considering…
When China and Brazil Become A Better Investment Than The US
Now that most investors, both institutional and individual, have lost a large portion of their stock market holdings, all that most people want to know is how they can get their money back. The…
New Moody’s Company “Dead Pool” May Wreck A Lot Of Companies
Moody’s has come out with a list of 283 companies that are at great risk of defaulting on their debt. The Wall Street Journal got a copy of the list so each of the…
Media Digest 3/10/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to the head of the FDIC, a “bad bank” system could jumpstart the US economy. Reuters reports that some economists believe that the US economy will start to rebound in the second half…
T-I Update Looks Good Enough On Surface (TXN)
Texas Instruments Inc. (NYSE: TXN) said it is now looking for first quarter revenue of $1.79 billion to $2.05 billion. The good news is that this is within the company’s prior range of $1.62…
The 52-Week Low Club (PQ)(LVS)(ANN)(HGSI)
Petroquest Energy (PQ) Now visible news. Shares drop to $.61 from a 52-week high of $29.18. Las Vegas Sands (LVS) Chief operating officer is replaced. Sells off to $1.38 from 52-week high of $84.29.…
Agrium-CF-Terra Merger Triangle Gets Hostile (AGU, CF, TRA)
Agrium Inc.(NYSE: AGU) does not want to give up on its merger intentions. The company issued a statement saying that the rejection by CF Industries Holdings, Inc. (NYSE: CF) of its proposed acquisition is…