The Inevitable Recapitalization of Charter (CHTR)
If you have been following the land of low-priced stocks that are active in trading volume for long, you will find many groups of traders who have been betting on the success or death…
All Work
Douglas A. McIntyre
GM Idling Plants In Cost Cuts (GM)
General Motors (NYSE: GM) is finally taking a step in the obvious direction. The company is now apparently cutting about 250,000 units of production in the first quarter. This will be accomplished via temporary…
Gold Stock Challenging 52-Week & All-Time Highs (RGLD, NEM, ABX, GG, GDX)
We didn’t include Royal Gold, Inc. (NASDAQ:RGLD) in yesterday’s look at mining stocks where we outlined scenarios which would make 2009 a great year or a lousy year for the sector’s key players. But…
Goldman Sachs Softens On Oil, Metals, and Commodities
Goldman Sachs is adding more sticks and branches on the blazing pyre for commodities bulls. The firm has cut many commodity price targets for 2009. While this is affecting the psyche of traders today,…
Earnings Warnings Hardly Affecting Many Stocks (LSCC, UTX, STLD, FUL, WAT)
Earnings warnings are generally bad omens that rarely have a one quarter impact. But with many of these stocks already pricing in really bad scenarios. So when companies come in and say that revenues…
Treasury Gets Behind Car Company Bailout
According to MarketWatch, "Treasury says ‘stands ready’ to help auto makers." "Treasury said auto aid would last until Congress acts." GM’s (GM) shares, which were down as much over 15% are rallying on the…
Deutsche Bank Slashes Automakers and Suppliers To Sell Following Bailout Failure (F, AXL, LEA, TRW, MGA)
Following the failure of the auto bailout in the Senate, Deutsche Bank is downgrading a number of auto makers and auto supply makers to Sell, calling it an "End of an Era." Downgraded to…
A Change Of Heart At The White House About Car Bailout
Now that the Senate has blown any chances of saving the auto industry before its first session next year and facing claims by GM (GM) and Chrysler that they are out of money, Bush…
Madoff: The $50 Billion Ponzi Man (NDAQ)
Bernie Madoff, the former non-executive Chairman of the NASDAQ (NASDAQ: NDAQ), has been arrested on an investor fraud case that has massive implications over trust and legitimacy on Wall Street. The good news is…
Dr. Pangloss Reviews Retail Data With Joy
You would have to be named Dr. Pangloss to find good news this morning on the retail sector, but in that fashion there might be a little reprieve from the degree of the onslaught…
Top Pre-Market Analyst Upgrades (ACAS, ANDE, CLX, CLB, EMC, IBKC, MFC, KWK)
These are some of the top pre-market analyst upgrades and positive calls we are seeing this Friday morning: American Capital (ACAS) Raised to Market Perform at FBR. Andersons (ANDE) Raised to Buy at BB&T.…
Top Pre-Market Analyst Downgrades (AXL, AXP, COF, DRYS, EXPD, FII, F, LEA, SAP, TRW, VE, WAT)
These are some of the top pre-market analyst downgrades and negative calls we are seeing this Friday morning: American Axle (AXL) Cut to Sell at Deutsche Bank. American Express (AXP) Started as Sell at…
Goldman Sachs (GS) Bankers Check Into Poor House
Most of the CEOs at banks and investment houses are losing their bonuses this year, so what not let every employee at the firms share their pain? Even if they did nothing to deserve…
Delisting Roulette (NT)(F)(FNM)(FRE)(AIG)(SIRI)(JAVA)
The Nasdaq and NYSE have all sorts of rules about what a company has to have in terms of total shareholders, stock price, and balance sheet ratios to get listed. Both operations also have…
As Fed’s Assets Move Above $2 Trillion, Question Arises Of What It Is Really Worth
The Federal Reserve now has an asset base of more than $2 trillion. According to The Wall Street Journal, "Once recently announced programs to help consumer credit and mortgage markets are up and running,…
Intel (INTC) Starts A Car Repair Company
Hand it to Andrew Grove, the former CEO of Intel (INTC). He wrote a book about how paranoid he is and why that kept his company ahead of the competition. It turns out he…
How Much Is GM (GM) Faking? The Balance Sheet Mind Game
With Republicans in the Senate thwarting an auto company bailout bill, GM (GM) has decided to play its trump card. It has hired bankruptcy counsel. According to The Wall Street Journal, "GM (GM) management…
Media Digest 12/12/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, the auto bill died in the Senate and there will be no more action this year. Reuters reports that the Bank of America (BAC) will cut as many as 35,000 jobs,…
Asia Markets And Europe Open 12/12/2008
The death of the US car bailout bill hammered Asia stocks. The Nikkei fell 5.6% to 8,236. The Hang Seng was off 5.9% to 14,688. The Shanghai Composite fell 3.8% to 1,954. At the…
Facing Concerns About It Future, Bank Of America (BAC) To Cut 35,000 Jobs
Anyone curious about the health of the financial services industry got a look this afternoon. Bank of America (BAC) will cut 35,000 jobs over the next three years. According to the company,"The reductions are…