Goldman Sachs Cores Apple (AAPL)
Many investors and traders alike have been hoping that Apple Inc. (NASDAQ: AAPL) would be largely immune or at least a little shielded from the horrible consumer trends. It looks like Goldman Sachs is…
All Work
Douglas A. McIntyre
Economic Policy And The Bush Era
By John Tamny RealClearMarkets Economist Charles Kadlec has long pointed out that bull markets and strong economic eras don’t die of old age, but due to legislative failure. Economics textbooks for decades have suggested…
Pali Research Slaps Sell Rating On Baidu.com (BIDU)
Pali Research slapped a dreaded Sell rating on Baidu.com (BIDU), saying short-to-mid-term uncertainties are much bigger than opportunities. The firm set a $90 price target on Baidu.com, which is 21% below Friday’s close of…
No Help Yet in Manufacturing
Manufacturing in the NY FED district appears to be running at near-record lows. The Federal Reserve Bank of New York’s Empire Manufacturing Index is still a fairly new index, but activity fell again down…
$2 Trillion In Home Value Gone In A Year
One year. $2 trillion gone. According to Reuters, "Homes in the United States have lost trillions of dollars in value during 2008, with nearly 11.7 million American households now owing more on their mortgage…
Jet Fuel Price Drop Gives Airlines Some Room? No (AMR)(DAL)(UAUA)
Jet fuel prices dropped in November as did passenger traffic. Just this last summer, people were flying but the cost of fuel was pushing big carriers toward bankruptcy. Fuel prices were such an issue…
Top Pre-Market Analyst Upgrades (MO, BBY, CFL, CEPH, GILD, LMT, TNDM, NOC, TLAB, MTN)
These are the top pre-market upgrades and positive analyst calls we have seen from Wall Street this Monday morning: Altria (NYSE: MO) Raised to Overweight at JPMorgan. Best Buy (NYSE: BBY) Raised to Buy…
Top Pre-Market Analyst Downgrades (ALU, AUO, BEC, BA, GR, KSU, LULU, SEPR)
These are some of the top pre-market analyst downgrades or negative calls on Wall Street we have seen this Monday morning: Alcatel-Lucent (NYSE: ALU) Cut to Underperform at Jefferies. AU Optronics (NYSE: AUO) Cut…
The Siemens Precedent: Jacking Up Penalties To Fund The Government, A Billion Fine For Madoff
Siemens (SI) will pay the US an $800 million fine to settle a bribery case. That may not seem like a lot side-by-side with the Paulson plan, but if the federal government can start…
Looking For Oil Back At $100
OPEC wants to see oil prices higher, much higher. Some of its member nations are running huge national deficits now that the price of crude has gone from $147 last summer to under $50.…
Google’s (GOOG) Wants To Ruin The Internet
Google (GOOG) pretty much gets to do what it wants to do. That is a little less true now that its earnings are slowing and its stock price is down. But, it is still…
Is Japan’s Nikkei Sending Signal Of A Global Market Recovery?
The Nikkei was up yesterday and it now up close to 10% over the last 90 days. That makes no sense given that the Japanese quarterly Tankan survey showed business confidence at its lowest…
Media Digest 12/15/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, there may be another bubble in commodities prices. Reuters reports that the recession is hurting Japan’s economic sentiment and China’s industrial output. Reuters writes that Bush said the auto bailout is…
Asia Markets And Europe Open 12/15/2008
Markets in Asia rose. The Nikkei was up 5.2% to 8,665. The Hang Seng rose 1.9% to 15,038. The Shanghai Composite was up .5% to 1,964. In Europe, the FTSE was up .9% to…
Detroit May Have Missed Airline Industry Lesson
The airline industry rule about Chapter 11 is to file whenever necessary and file early while there is still cash on the balance sheet. GM (GM) and Chrysler may be learning the hard way…
Is Consumer Spending Stabalizing? More Grand News For Wal-Mart (WMT) Apple (AAPL) And Amazon (AMZN), Bad News For Sears (SHLD)
One piece of data does not a trend make. The University of Michigan Consumer Sentiment Poll shows a little uptick last week. But, coming in the holidays, people’s spirits many be brightening. Come the…
The Car Industry Wildfire Spreads To Toyota (TM)
Toyota (TM) has been poised to become the preeminent global car company for sometime. Its worldwide production passed GM’s (GM) in the first half of the year. It is well ahead of US rivals…
The 52-Week Low Club (XL)(PJI)(UNP)(PLCM)
Xl Cap (XL) Credit Suisse cuts price target. Shares drop to $2.65 from 52-week high of $54. PerkinElmer (PKI) Concerns about declining tech spending. Falls to $13.10 from 52-week high of $29.95. Union Pacific…
Boyd Gaming Files To Raise Cash (BYD)
Boyd Gaming Corporation (NYSE: BYD) has filed with the SEC to raise up to $750 million in cash via securities sales. The company can sell any combination of common stock, preferred Stock, Debt Securities,…
Ominous Solar News: Job Cuts (SOLR)
It was not that long ago when traders and investors were making a fortune investing in the new endless growth instrument: blazing hot solar stocks. If you have followed this sector, you have seen…