Looking For “Value” In Blue Nile (NILE)
Blue Nile Inc. (NASDAQ: NILE) has been battered during the recession. While its woes may be far from over, it seems that at least one analyst is trying to call a bottom.
All Work
Douglas A. McIntyre
Deutsche Bank Slashes Price Target On General Electric (GE); Valuing GE Capital at Zero, Sees Further Equity Injections
Deutsche Bank cut its price target on General Electric (NYSE: GE) from $17 to $12, saying it is prudent to value GE Capital at zero. The firm sees a modest breach of GE Capital…
Analysts Up & Down The Oil Patch (BP, COP, XOM, RDS.A, STO, TOT)
We have actually seen a lot of analyst calls in the oil patch this morning. Some are conflicting against each other as you will see. BP plc (NYSE: BP) Started as Underweight at Barclays.…
Garmin’s Compass (GRMN)
Garmin Ltd. (NASDAQ: GRMN) is the GPS device market’s dominant player, at least here in the U.S. Yet the stock and the company have been in trouble for some time. This latest earnings report…
Japan’s Two Lost Decades Offer Lessons for Modern U.S.
John Tamny, RealClearMarkets After hitting an all-time high of 39,000 in 1989, Japan’s Nikkei average has mostly fallen since. At present, it sits at 7,969, an ugly drop of 79% over the last 20…
Top 10 Analyst Upgrades & Downgrades (T, DRYS, XOM, ITT, MOT, VZ, HBAN, RF, WMB, ZION)
These are ten of the top analyst upgrades and downgrades from Wall Street this Monday morning with more than two hours until the market opens: AT&T (T) Raised to Buy at Goldman Sachs. DryShips…
Cutting The Deficit While Stimulating The Economy?
It is a noble idea, but it probably will not work. The President aims to cut the deficit in half by 2013. To accomplish this, he plans to take out of the budget money being spent to keep…
Getting A Trojan Horse Inside The Banks
The federal government gets extra points for being devious. It plans to begin to take over large banks by giving them money and using the capital they have already invested for a portion of…
The Twenty Five Most Valuable Blogs
It is extremely difficult to put accurate financial values on blogs. Almost all of them are private companies. Some do raise VC money and those sums can be used as guidelines if and when…
Bailout Funds For The News Industry
One of the oldest newspaper chains, Journal Register, went bankrupt late last week. It had too much debt and too little operating income. The daily newspapers in Philadelphia have also filed for Chapter 11. There…
Why Yahoo! (YHOO) Doesn’t Matter
Every time there is news about the internet portal Yahoo! (YHOO), it makes the front pages. The only story about Yahoo, however, that deserved attention was the monstrous violation of fiduciary duty that its…
Eastern Europe Throws Another Anchor Around the EU’s Neck
The deterioration of Eastern European economies poses a major threat to the Western European financial system. During the boom years leading up to the financial crisis Western European banks were the primary lenders fueling…
Media Digest 2/13/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, the US government may take a 40% interest in Citigroup (C). Reuters reports that the Treasury is considering funding options for Chrysler and GM (GM). Reuters reports that a poll of…
Asia Markets And Europe Open 2/23/2009
Most markets in Asia were higher. The Nikkei fell .5% to 7,376. The Hang Seng was up 4% to 13,208. The Shanghai Composite moved up by 6% to 2,306 At the open in Europe,…
Sort Of Nationalizing Citigroup (C)
The Wall Street Journal says that the federal government is in talks to put more capital into Citigroup (C) and may end up owning 40% of the big banks. According tothe paper, “While the…
$800 or $1,200 Gold, Panic Vs. Inflation, ETF’s (GLD, UGL, DZZ, DGP, DGZ, GDX)
We have probably covered more gold stocks over the last couple of months than we care to recall, but we have been getting more and more inquiries on the ETF’s and on how to…
Banks: A No Promise Promise From The White House (BAC)(C)
The White House said that the President is in favor of keeping the US banks private. That caused a mild rally in their shares yesterday after they had dropped like rocks though most of the…
The 52-Week Low Club (WFC)(C)(BAC)(GE)(GM)
Citigroup (C) Worries about bank nationalization take shares to $1.61 from 52-week high of $27.35. Bank of American (BAC) Ditto. Down to $2.53 from 52-week high of $43.50. Wells Fargo (WFC) More of the…
Under $10.00… Is GE Really A Bank? (GE, BAC, C)
Today marks a monumental moment for the markets. The DJIA has broken through some of the major key support levels of November 2008, and now the questions are mounting over whether the S&P and…
Beacon Dims on New Financing (BCON)
Beacon Power Corporation (NASDAQ:BCON) is developing a patented flywheel energy storage product, and the going is getting tough. The company today announced an $18 million investment from a private equity firm and the share…