Bears still in charge as oil plunges to $40
By Joseph Lazzaro for DailyFinance.com So much for that nascent oil rally. In this oil market, the bears rule. True, the bulls have their moments, but these are fleeting, like that proverbial church mouse…
All Work
Douglas A. McIntyre
Altera: Less Bad May Actually Be Good Enough (ALTR)
Altera Corporation (NASDAQ: ALTR) issued a mid-quarter update after the close of trading today. What is interesting is that things might not be quite as bad as the company rxoected The news is far…
First Solar Becomes Predator (FSLR)
It may seem a very gutsy call considering the economy, even in the Obama-favorite of the solar sector. But First Solar, Inc. (Nasdaq: FSLR) has just announced that it is going to do a…
The 52-Week Low Club (DOW)(IP)(CBS)(SCHW)(EBAY)(MSFT)(PFE)(GE)(C)
Citigroup (C) Still fears of nationalization or a larger bailout. Falls to $1.15. from a 52-week high of $27.35. GE (GE) Market not comforted that GE’s financial services are is not in trouble. Drops…
Is Oracle About To Go After VMware Virtualization Turf? (ORCL, VMW, CTXS, MSFT, EMC)
There is market chatter, despite the sell-off, that Oracle Corp. (NASDAQ: ORCL) may play catch-up in the virtualization space. Jefferies has noted that Larry Ellison and friends may soon acquire privately held Virtual Iron,…
Defensive Stocks Hammered Too (PEP, KO, TAP, KFT, CPB, HRL, MCD, MO, RAI, PG, CL, MRK, JNJ)
It’s another rough trading day in the stock market. It is bad enough that the DJIA is down over 3% to decade lows and under 7,000… But even almost all of the defensive stocks…
Immelt & Neal Buying GE Stock (GE)
General Electric Co. (NYSE: GE) insiders are buying shares of their battered company stock. Two Form-4s filed with the SEC show that CEO Jeff Immelt and Vice Chairman Michael Neal each bought stock. Neal’s…
Intel & TSM Outline System-on-Chip MOU (INTC, TSM)
This is getting completely swept under the table because of the stock market flush-out. But we have been awaiting the announcement confirming last week’s reports of a venture between Intel Corporation (NASDAQ: INTC) and…
PC Industry Going To Hell In A Handbasket (AAPL)(HPQ)(DELL)
Gartner’s new research on PC sales for 2009 is out and there it nothing in it to cheer the likes of Hewlett-Packard (HPQ) or Dell (DELL). Sales of computers will drop so drastically this…
How Bad Will MBIA Earnings Be? (MBI, ABK, PMI, MTG)
MBIA Inc. (NYSE: MBI) is set to report earnings Tuesday, before the market opens. As the market has slid further, this troubled “guarantor” has gone with it and has again hit new 52-week lows…
Reliant Joins NRG-Exelon Merger Bermuda Triangle (RRI, NRG, EXC)
Reliant Energy Inc. (NYSE: RRI) is taking a hit this morning. It wasn’t just the earnings loss, or its plans to sell a unit. This really appears to be over the ramifications of the…
Can SanDisk Win As Spansion Goes Bankrupt? (SNDK, SPSN, AMD)
Spansion Inc. (NASDAQ: SPSN) is toast. At least that is the case for shareholders. The maker and designer of flash memory chips has filed for Chapter 11 bankruptcy protection. Spansion was not the largest…
What If Chesapeake Production Cuts Work? (CHK, PXP, BP)
Chesapeake Energy Corporation (NYSE: CHK) is tired of not having profitable results from a key operation. The largest natural gas player announced that it will cut its production by 7% and is considering a…
Pacific Ethanol Going Down? (PEIX)
Once the darling of investors Vinod Khosla and Bill Gates, Pacific Ethanol, Inc. (NASDAQ:PEIX) is now trading at just 5% of its share price one year ago. The company has just received a month’s…
ARGUS Upgrades Cisco Systems (CSCO) to Buy
ARGUS upgrades Cisco Systems (Nasdaq: CSCO) from Hold to Buy with a $24 price target, citing valuation and its position for competitive outperformance. ARGUS analyst says, “We recognize the risk of continued sequential revenue…
Corning Talking Up LCD Business (GLW)
Corning Incorporated (NYSE: GLW) President and Chief Operating Officer Peter F. Volanakiswill address the Morgan Stanley Technology Conference in San Francisco today. The company is updating its guidance and is giving some of its…
Note From UBS: AT&T (T) And Verizon (VZ) Dividends OK
A positive note on the big telcos from John Hodulik at UBS. He writes: “Dividend cuts at other companies underscore strength at AT&T/VZ. With a number of large companies such as GE and JPMorgan…
Income & Spending Up In The Recession, Maybe
Personal Income & Spending for January have been released. Personal income received by the workforce came in at +0.4%, while spending for durable goods and non-durable goods in the U.S. came in at +0.6%. …
Goldman Sachs Upgrades AT&T (T) And Adds To Conviction List
AT&T (T) got a major upgrade this morning as Goldman Sachs moved it to “buy” and added the stock to its Conviction Buy List. Jason Armstrong said in his research report that “We believe…
DISH & EchoStar Confuse On Earnings (DISH, SATS)
DISH Network Corporation (NASDAQ: DISH) and former partner EchoStar Corp. (NASDAQ: SATS) have both reported earnings this morning. DISH (DISH) earned $0.48 EPS on a 1% decline in revenues to $2.92 billion. This is…