A Double Dip Layoff Economy
A look at the companies which announced layoffs in December and January demonstrates that almost no industry is immune from job losses due to this contracting economy. Tech companies such as Microsoft (MSFT) fired…
All Work
Douglas A. McIntyre
Amazon (AMZN) Sales Versus The Gutenberg Bible
The advent of the printed book is usually traced back to The Gutenberg Bible in 1455. People have been used to reading the written word on paper ever since. Based on new accounts, Amazon (AMZN) will…
Management Forecasts And The Inevitability Of Exaggeration
The press has not learned, despite repeated experiences, that televangelists, medical researchers, elected politicians and chief executive officers are often incapable of telling the truth. That is not to say that they are liars.…
OPEC’s Final Humilation
The price of crude oil has refused to rise even though OPEC has lowered production and threatened to further reduce exports. The September decrease of two million barrels a day was followed by a…
Week Ahead: Coke vs. Pepsi Investor Taste Test (KO, PEP)
This coming week will mark the earnings reports for two key household consumer stocks, both of which were supposed to be defensive. The Coca-Cola Company (NYSE: KO) reports earnings on Thursday and Pepsico, Inc. (NYSE:…
IMF: Depression May Have Already Started
For some countries, it may already be too late to keep their economies in a recession hoping for a recovery late in the year. That notion would make some sense. In the US and…
The 52-Week Low Club (SKX)(AIG)(EXXI)
Skechers (SKX) Big loss and analysts cuts. The daily double. Drops to $7.11 from 52-week high of $25.20. AIG (AIG) Report says government investment in the company is a bust. Sells down to $.90…
GE Finally Opens Door To Dividend Cut (GE)
General Electric Company (NYSE:GE) has authorized its regular quarterly dividend of $0.31 per share. This will keep the dividend the same, but if you read into Jeff Immelt’s comments, it seems as though he…
Evergreen… or Nevergreen (ESLR)
The sun is not shining on solar stocks these days. Evergreen Solar Inc. (NASDAQ:ESLR) reported a fourth-quarter net loss of $52.1 million (EPS of -$0.32) on revenue of $44.2 million. Analysts had expected an…
Pipeline Company Predicts Weaker 2009 (OKE, OKS)
ONEOK, Inc. (NYSE:OKE) and its pipeline partnership ONEOK Partners, L.P. (NYSE:OKS) have issued guidance for 2008 and 2009. ONEOK has affirmed 2008 EPS "at the low end" of the $2.95-$3.05 range it had previously…
The Ten Companies That Will Lead The US Out Of The Recession
There are an extremely small number of companies which are likely to do relatively well during the recession, either because they are the market share leaders in their industries by a wide margin, or…
Constellation Energy Exits North American Gas Trading Business (CEG, GS)
In its seemingly never-ending quest to raise cash, Constellation Energy Group, Inc. (NYSE:CEG) has sold its downstream natural gas trading business to the North American trading arm of Australia’s Macquarie Group. Financial details of…
GE Finally Opens Door To Dividend Cut (GE)
General Electric Company (NYSE:GE) has authorized its regular quarterly dividend of $0.31 per share of the Company’s common stock. This will keep the dividend the same, but…. if you read into the Jeff Immelt…
salesforce.com, Failed Coup or Poor Results?
If this was during good times, we’d be under the impression that there was a failed coup inside salesforce.com, Inc. (NYSE: CRM). Steve Cakebread, the company’s president & chief strategist, has resigned. And there…
Allis-Chalmers… Too Little, Too Late? (ALY)
We noted this morning that Allis-Chalmers Energy Inc. (NYSE:ALY) had been downgraded and that the oil field services sector as a whole faced a more general turn south from at least S&P with warnings…
GE May Cut Dividend
GE may cut its dividend or see its Aaa rating disappear. Douglas A. McIntyre
ETF Launch: Colombia ETF… Really (GXG, EC, CIB)
Exchange Traded Funds have been going through some changes. New ETF’s are coming to market while others are de-listing because of lack of interest. Today is marking the launch of an ETF that will…
Everyone Comes to Bank of America’s Aid (BAC)
Bank of America Corporation (NYSE: BAC) is gapping up over 13% this morning. Keep in mind that there was already a huge recovery from yesterday’s lows that went under $4.00, but this gap-up is…
JP Morgan Said General Electric (GE) Triple-A Rating Not Sustainable And Dividend Will Likely Be Cut
JP Morgan commented on General Electric (NYSE: GE), saying the triple-A credit rating is not sustainable and the dividend will likely be cut. The firm also cut their estimates and price target from $13…
After 7.6% Unemployment, Double-Digit Risks Now Look Real
The dreaded and feared employment data is out, and it isn’t pretty. Unemployment came in at 7.6% and the change in non-farm payrolls was -598,000. Dow Jones had estimates at 7.5% unemployment and non-farm…