Giving Citigroup (C) $50 Billion, Or Much More
It would make sense that Citigroup (C) has been talking to the Fed, FDIC, and Treasury over the last few days. Even if Vikram Pandit wanted to dodge those talks, the feds would knock…
All Work
Douglas A. McIntyre
The 52-Week Low Club (C)(FL)(JPM)(NYT)(BAC)(DELL)
Foot Locker (FL) Cuts earnings outlook. Falls to $3.65 from 52-week high of $18.19. Citgroup (C) Still concerns about whether government will have to step in to stop bleeding. Down to $3.05 from 52-week…
Buffett Tells Fox About Goldman, Obama, Autos, Stocks & More (BRK-A, GS)
Warren Buffett of Berkshire Hathaway Inc. (NYSE: BRK-A) will be appearing on Fox Business News around the close of the market today, and we have been provided some of the information being discussed. Mr.…
SIRIUS vs. Charter: Which Disappears First? (SIRI, CHTR)
Everyone knows about the old $1.00 stock limit for a regular NASDAQ listing. This $1.00 listing requirment rule has been under a moratorium until after the first of the year so that NASDAQ would…
Citigroup (C) Finally Gets It Right By Considering Auction Block
At last Citigroup (C) has decided to do something to save itself beyond having town hall meetings and firing tens of thousand of people. Shares of the big bank fell to a low of…
New Chips Can’t Save AMD (AMD)(INTC)
After bad news from its larger rival Intel (INTC), AMD (AMD) backed its own forecasts. AMD has its new Opteron processors. According to the company, the product has up to 20% faster performance with…
Is Gap (GPS) Back From The Dead?
Is retailer Gap (GPS) back from the dead? At least two analysts think so following the company’s solid third quarter results and guidance after the close. This morning, Gap’s stock is trading 10% higher.…
Has Gap Finally Found Redemption? (GPS)
If you have read us for very long, you will know how critical we have been of Gap, Inc. (NYSE: GPS). The company just couldn’t get it right. This was a fairly tale growth…
Warren Buffett Double Dipping in USG (USG, BRK-A, FFH)
USG Corporation (NYSE: USG) shares are surging this morning. The sheet rock and building products company has reported that it has entered into an agreement to sell a total of $400 million of 10…
Obama Camp Denies Pre-Packaged Chapter 11 Plan For Detroit
So much for the Bloomberg report that the new administration would set up a pre-packaged bankruptcy for GM (GM) and perhaps other car companies. According to Reuters, President-elect Barack Obama’s transition team is not…
Lee Scott Out At Wal-Mart (WMT)
Wal-Mart Stores Inc. (NYSE: WMT) is doing what we believe they should have done two-years ago. The board of directors has elected Mike Duke to replace Lee Scott as President & CEO of Wal-Mart. …
A Takeover in the Oil & Gas Minis (ROYL, ASPN)
Now this is how it’s supposed to work. Royale Energy (NASDAQ:ROYL) has initiated an exchange offer for up to 55% of the outstanding shares of an OTC bulletin board energy company called Aspen Energy…
Not Much Sunshine in Canada Either (CSIQ)
Canadian solar panel maker Canadian Solar Inc. (NASDAQ:CSIQ) reported earnings this morning before the market opened. Revenue for the third quarter was $252.4 million, higher than expectations of $248 million. Analysts expected EPS of…
Goldman Sachs (GS) Sees 9% Unemployment And 5% GDP Contaction
According to Bloomberg, "Goldman Sachs Group Inc. increased its recession estimates, saying gross domestic product is declining at a 5 percent annual rate in the current quarter and will drop 3 percent and 1…
Top Pre-Market Analyst Upgrades (ARMH, BMRN, CYBX, FFIV, GPS, JNPR, LTD, MSFT, MYGN, NVTL, CRM)
These are the top pre-market analyst upgrades and positive calls we are seeing from Wall Street firms this Friday morning with more than two hours until the open. Arm Holdings (ARMH) Raised to Buy…
A Pre-Packaged Bankruptcy For GM (GM)? Begging For A UAW Strike
Bloomberg is reporting that the new administration may push for a pre-packed bankruptcy for GM (GM). "President-Elect Barack Obama’s transition team is exploring a swift, prepackaged bankruptcy for automakers as a possible solution to…
Top Pre-Market Analyst Downgrades (ADSK, BEAV, CPSI, DELL, GPRO, GR, GOOG, JASO, CSIQ, ORCL, SPR, STP, VMW)
These are the top analyst downgrades and negative analyst calls we are seeing this Friday morning: Autodesk (ADSK) Cut to Neutral at Baird. BE Aerospace (BEAV) Cut To Market Perform at FBR. Computer Programs…
Verizon (VZ) Gets It Own Apple (AAPL) iPhone
It must vex the Verizon (VZ) management that AT&T (T) has the nifty Apple (AAPL) iPhone and all the publicity and surging handset sales that go with it. AT&T even benefits when people who…
Rallying Back From The Depths Of Hell
The market has to rally something, and this is as good as any. The DJIA has fallen from 13,850 less than a year ago to 7,552. The idea that Citigroup (C) may be for…
Farmers Face Down Deflation As Tractors Get Rusty
Farmers are supposed to be frugal and that characteristic may serve them well. After getting fat and happy off high agricultural goods prices, they get to be on the poor end of commodities deflation.…