CONSOL Shutters Coal Mine (CNX)
We have been saying for some time that 2009 would be a tougher year for coal producers than 2008 was. The struggling economy just doesn’t need more energy. CONSOL Energy Inc. (NYSE: CNX) put…
All Work
Douglas A. McIntyre
Disappearing Dividends At America’s Best-Known Companies II (GE, PNC, IP, TXT, JPM)
Back in mid-February we discussed the latest trend of big-name companies slashing their dividends and how the trend will likely grow. Well it is growing, and fast. In this horrible market, dividends have been…
Helicopter Ben Becomes Calamity Ben
Federal Reserve Chairman Ben Bernanke is speaking to the Senate Budget Committee this morning. Bernanke appears support the White House plan to stimulate the economy. He argued that aggressive actions are needed to avoid…
Trina Solar, When Losses Are Still Bad (TSL)
Chinese PV solar maker Trina Solar Limited (NYSE: TSL) reported a net EPS loss this morning of -$0.03, compared with estimates of a loss of -$0.04. Revenue of $216.3 million beat estimates of $201.31…
ReneSola Almost Gets Solar Right (SOL)
ReneSola Ltd. (NYSE: SOL) just popped up after the Chinese solar player reiterated earnings guidance. But it is not immune to the ways of the world, and the 2009 guidance looks lite.
Fire Sale in Solar Sector (GE)
Fotowatio, a Spanish firm owned by a consortium including General Electric Company (NYSE:GE), has purchased several solar farms from US firm MMA Renewable Ventures, a unit of Municipal Mortgage & Equity LLC, aka MuniMae.…
Anadarko Goes to the Well (APC, JPM, UBS, CS)
Anadarko Petroluem Corporation (NYSE:APC) has priced two tranches of senior notes, one of $500 million due 2014 at a coupon of 7.625% and the other of $600 million due 2019 at a coupon of…
Apple Stays After High-End Computing (AAPL)
Apple Inc. (NASDAQ: AAPL) is introducing new Mac Pro models t oday including a 24-inch Mac Pro that is priced “more affordable than ever” and a Mac with powerful new integrated graphic processing and…
Biotech Trader Alerts (DNDN, DNA, GENZ, PDLI)
We are seeing unusual trading activity so far this morning in shares of Dendreon Corp. (NASDAQ: DNDN), Genentech, Inc. (NYSE: DNA), Genzyme Corp. (NASDAQ: GENZ), and PDL BioPharma, Inc. (Nasdaq: PDLI).
Top Analyst Downgrades (BP, CS, DHI, GENZ, PDC, UBS)
These are some of the top analyst downgrades or cautious analyst calls we have seen from Wall Street this Tuesday morning: BP (BP) Cut to Market Perform at Bernstein. Credit Suisse (CS) Cut to…
Top Analyst Upgrades (DWA, EBAY, ENR, LSI, MEDX, PZZA)
These are some of the few analyst upgrades and positive calls we have seen from Wall Street this Tuesday morning with over two hours to the open: DreamWorks Animation SKG (DWA) Raised to Buy…
Will The Current Quarter Be The Worst?
The IMF said that this year will be bad, but it is being accused of being too optimistic. According to Reuters, “The global economic downturn will be considerably deeper than even the International Monetary Fund…
Even Toyota (TM) Needs A Loan
It was never supposed to come to this. The global recession has hurt car companies with weak balance sheets such as GM (GM) and Nissan and forced them to turn to their governments for financial…
Apple (AAPL): Can The Mac Make It Overseas?
As PC sales begin to contract in the US, Apple (AAPL) is hoping to pick up sales overseas. If the new Gartner research on global PC sales is right, the Mac may have as…
Six Signs The Recession Is Ending
A number of economists predict that the recession could last into 2010 and unemployment will top 10%. If the crisis does not deepen into an even longer downturn, there will have to be early…
The Financial Crisis: The World At War
If it was not clear two weeks ago or even last week, the destruction of the economic and business sectors of the world is no longer inchoate. The speed of the destruction has left…
When Citigroup (C) Becomes A Penny Stock
Two years ago, Citigroup shares traded for $55. Last week, after the government said it might own as much as 36% of the company, the stock dropped to $1.40. Citigroup is about to become…
How Far Off Is The Revenue Projection In The Budget?
A fine way to hold onto your job and move up in the world is to hold true the maxim of “under promise, over deliver.” When President Obama runs for reelection, we may find that…
Media Digest 3/3/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, too much dependence on government aid could cause a second recession when the companies are forced to stand on their own. Reuters reports that Obama is considering funds to buy bad…
Asia Markets And Europe Open 3/3/2009
Markets in Asia were lower. The Nikkei fell .7% to 7,230. The Hang Seng dropped 2.1% to 12,062. THe Shanghai Composte fell 1.1% to 2,071. In Europe at the open, the CAC 40 was…