The 52-Week Low Club (SAY)(KFN)(ZIXI)
Satyam Computer (SAY) Plans to buy another company send stock diving. Drops to $5.05 from 52-week high of $29.84. KKR Financial (KFN) Plans to replace CEO on top of poor performance. Drops to $.60…
All Work
Douglas A. McIntyre
GE Changes Guidance Policy; Reaffirms Targets (GE)
General Electric Co. (NYSE: GE) has reconfirmed its December 2 earnings outlook of $0.50 to $0.52 EPS excluding charges and $0.36 to $0.42 including charges); it still sees full-year 2008 earnings of $1.78 to…
FOMC Enters Realm of 0% Interest Rates
The FOMC voted, and the Fed Funds Rate has now been given a TARGET RANGE of 0% to 0.25%. The Discount Rate was cut 0.75% and is now at 0.50%. Some of the statements…
ConocoPhillips, Peabody Energy Will Convert Coal-to-Gas (COP, BTU)
Turning coal into natural gas is not brand-new technology, but it is rarely done because natural gas is, or has been, relatively cheap. Not as cheap as coal, but cleaner to burn for electricity…
Cimarex Buys Back Senior Notes, With More Debt (XEC)
Cimarex Energy Company is one of those mid-cap energy stocks that is well-liked by institutional investors. Nearly 90% of the company’s stock is held by institutional investors. In good times, that’s good. In bad…
Worst News Of The Recession: Goldman Sachs (GS) Pay Drops 45%
In another sign that the recession is deepening, the average employee at Goldman Sachs (GS) will make only $363,654 a drop of 45% from last year. In other words, that would still pay the…
Satyam’s Diversification, A Bridge To Nowhere (SAY)
Satyam Computer Services Ltd. (NYSE: SAY) is seeing its stock crushed this morning after the company’s board of directors approved acquisitions of infrastructure development companies Maytas Infra Ltd. and Maytas Properties Ltd. What is…
OPEC Cut To Be ‘Around 2M Barrels’
If you have been wondering if OPEC was going to cut production due to prices, the answer is a resounding "YES." It has been about as telegraphed as the sun coming up from the…
Biodiesel Refinery Goes on the Block (NSC, BRK-A)
Bad news doesn’t surprise anyone any more, especially in the bio-refining business. Shareholder value in ethanol companies has all but evaporated. Now, we get news of a biodiesel plant going on the auction block.…
Will The Recession Stop Global Warming?
The recession has touched almost everything in the world from employment, to prices, to GDP growth to housing. Even China is seeing its economy slow. In the US, this downturn may be the worst…
Moody’s Downgrades Goldman Sachs (GS) Long-Term Senior Debt Ratings to A1
Moody’s Investors Service downgraded the long-term senior debt ratings of Goldman Sachs Group Inc. (NYSE: GS) to A1 from Aa3, excluding FDIC-guaranteed debt. The Aa3 deposit ratings of Goldman Sachs’ banking subsidiaries and all…
Fertilizer, Ag, and Potash… Almost Cool Again (AGU, MOS, TRA, IPI, POT, CF)
There have been several research calls in the potash, agriculture, and fertilizer sector this morning which have pushed stocks higher. Agrium Inc. (NYSE: AGU), Mosaic Co. (NYSE: MOS), Terra Industries Inc. (NYSE: TRA), Intrepid…
Baidu.com, Goldman, and Conviction Buy (BIDU)
Baidu.com Inc. (NASDAQ: BIDU) may finally be catching another break after so much trouble. The Chinese internet search leader has been raised to the Conviction Buy List at Goldman Sachs this morning with a…
RadioShack Takes Back Mexican Ops (RSH)
RadioShack Corporation (NYSE: RSH) announced that it closed on a a stock purchase agreement yesterday that its subsidiaries Tandy International Corporation and ITC Services, Inc. entered into with Grupo Gigante, S.A.B. de C.V. in…
Consumer Prices: Things Get So Cheap They Are Almost Free
Consumer prices dropped so much in November that goods and services are almost free. Energy prices were down 17%, lead by the falling price of gas. The Consumer Price Index dropped 1.7% after falling…
Goldman Sachs Sighs, Amputation Trumps Guillotine (GS)
Imagine a wide loss being considered a win. That is partly the case at Goldman Sachs Group, Inc. (NYSE: GS) This morning. The former "Golden Slacks" posted a loss of $4.97 EPS for the…
Top 10 Pre-Market Analyst Upgrades (BAM, CEPH, CYPB, FCEL, KR, SWY, XNPT)
These are some of the top analyst upgrades and positive research calls we have seen from Wall Street this Tuesday morning: Brookfield Asset Management (BAM) Started as Buy at TD. Cephalon (CEPH) Started as…
Top Pre-Market Analyst Downgrades (ADTN, AZ, CY, F, GPS, GM, IFX, LEN, ERIC, MXIM, PGR, WFMI)
These are some of the key analyst downgrades and negative calls we have seen this Tuesday morning: ADTRAN (ADTN) Cut to Neutral at Baird. Allianz (AZ) Started as Underperform at Jefferies. Cypress Semi (CY)…
The Car Czar: Auto Firms May Go Bankrupt Anyway
The car czar is a joke, a way to get a few billion dollars to GM (GM) and Chrysler while they move their companies in better shape for Chapter 11 filings. The two car…
Bank Stocks Get Ready For New Lows (HBC)(C)(BAC)
Despite all the capital the Treasury has put into large US banks, their stocks may be about to make new multi-year lows. While the housing market is still hurting their derivative holdings, consumer credit…