2009 Car Sales: Detroit Can’t Cut Costs Enough
As domestic January vehicle figures begin to come in, one of the facts that is going to become clear is that the US market may only only produce ten million unit sales this year.…
All Work
Douglas A. McIntyre
Media Digest 2/2/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Honda (HMC) sales in the US fell in January. Reuters reports that the premier of China sees hopeful signs in his economy. Reuters reports that hard times make government jobs more…
Asia Markets And Europe Open 2/2/2009
Stocks in Asia were mixed The Nikkei fell 1.5% to 7,874. The Hang Seng dropped 3.6% to 12,813. The Shanghai Composite was up 1.1% to 2,012. At the open in Europe, the FTSE was…
The Companies With Dividends That Won’t Be Cut (MSFT)(MCD)(JNJ)(PG)
S&P has reported that the dividends of companies in its S&P 500 index are being cut at the fastest rate in fifty years. A report by the Associated Press says that even Dow Chemical…
In Facebook’s New Revenue Plans, A Way Out For MySpace (NWS)
Rupert Murdoch’s News Corp (NWS) has hit a rough patch as the recession erodes revenue at a number of his properties including Dow Jones and his other newspapers. The company’s Fox movie and TV…
Apple (AAPL): March Quarter Expectations By Product
When it announced earnings for its last quarter Apple (AAPL) said it expects to earn $.90 to $1 per share on $7.6 billion to $8 billion in sales in the current quarter. Most analysts…
A Bit Of Good News For GE (GE); NBC Gets $206 Million For Super Bowl
GE (GE) is faced with a potential downgrade of its debt from "Aaa" status and angry investors who want to know why the company insists on having a TV network and medical supply company…
Macy’s (M) Workers May Face More Large Layoffs
Macy’s (M) is up against the same hard rock as other large retailers who cater to the middle class, Sears (SHLD) and Nordstrom (JWN). Sales are being crippled by the recession and there are…
Bad Bank Snag, Nationalization, Nothing But Questions
Everyone waited last week for the government to set up a "bad bank" last week where banks and major financial institutions would get to sell their toxic debt and credit instruments. So, it won’t…
The Government’s Insane Bailout Of AIG (AIG) Continues (BAC)(C)
The federal government has put $150 billion into rescuing AIG (AIG), which was once the most profitable insurance company in the world. With financial relationships linking it to banks and brokerages all around the…
The 52-Week Low Club (RF)(SNV)(IP)(FITB)(CENX)
NOVA Chemicals (NCX) Bad Q4 and a downgrade by RBC. Falls to $3 from 52-week high of $32.46. Regions Financial (RF) Downgrade by Bernstein. Runs off to $3.40 from a 52-week high of $25.84.…
Julian Robertson Stays Very Bearish, With Picks (GS, V, MA, PTY, PCN)
If you hadn’t gotten your full round of pre-weekend economic gloom, famed investor Julian Robertson of Tiger Management just gave an interview with CNBC’s Erin Burnett. He is cautious about what lies ahead. If…
IPO FILING: OpenTable
It has been some time since the IPO market has been open, but we still see some filings from companies which have the desire to come public such as OpenTable, Inc.
Coal is Hot (ACI, CNX, BTU)
This morning’s quarterly and annual results from Arch Coal, Inc. (NYSE:ACI) have kept the coal fires burning. Arch reported EPS of $2.45 on net income of $354.3 million for the year. Annual revenues hit…
Smith International Sinks on (SII, SLB, HAL, BHI, WFT)
Smith International, Inc. (NYSE:SII) led the parade of oil field services stocks downhill yesterday. Smith opened Thursday more than $1.50/share lower than Wednesday’s close and finished the day even lower. Schlumberger Limited (NYSE:SLB), Baker…
Solar Shines (SPWRA, FSLR)
SunPower Corporation (NASDAQ:SPWRA, SPWRB) reported strong earnings after markets closed yesterday, and the shares opened almost $4/share higher this morning. Shares are up more than 12% currently. Analysts had expected SunPower to record revenue…
Piper Jaffray Downgrades Under Armour (UA) to Sell on Valuation; Timing Difficult For Expansion
Piper Jaffray & Co. downgraded Under Armour (NYSE: UA) from neutral to sell. Its lowered its price target by $1 to $16, citing near term headwinds for domestic discretionary spending and deteriorating gross margin.…
Big Oil Gets Sober On Earnings & Revenues (XOM, CVX)
This morning, we got see two of the "biggest of the big" in the Big Oil complex report earnings. You are seeing much more conservative earnings from Exxon Mobil Corp. (NYSE: XOM) and Chevron…
What Happens To GDP Now? It Moves Down More Sharply
The government reported that fourth quarter GDP contracted at an annual rate of 3.8%.That does not approach the 7.8% in the second quarter of 1980 or the 10.4% post-war record set in the first…
Top Pre-Market Analyst Downgrades (ALL, AZN, ETFC, FITB, JNPR, QCOM, RF, RYAAY, SEPR, HOT, TKR, TWC, TROW, UA, VE, ZNT)
These are some of the many pre-market downgrades and negative calls we have seen from Wall Street analysts this Friday morning:Allstate (ALL) Cut to Underweight at JPMorgan.AstraZeneca (AZN) Cut to Hold at Citigroup.E*TRADE (ETFC)…