American Public Education Filing Takes Toll (APEI)
American Public Education, Inc. (NASDAQ: APEI) filed to sell just over 4.2 million shares of common stock after the close yesterday after earnings and it is taking its toll on shares this morning.
All Work
Douglas A. McIntyre
IPO Filing: Alon Brands, Inc., A 7-Eleven Play (ABO)
It seems that the IPO filings may at least be seeing a very small comeback after weeks and weeks of being in a desert with no oasis. Alon Brands, Inc. filed late yesterday to…
Nouriel Roubini and the Folly of Fiscal Stimulus
By John Tamny of RealClearMarkets Whereas before there had been almost no framework to explain what Roosevelt was doing, now a respectable one was forming. Spending promoted growth, if government was big enough to…
24/7 Day Trading Alerts (CROX)(OPTR)(FEED)(NTAP)(AMAG)
Things are so bad at Crocs (CROX) that it is off nearly 50% down near $1. Optimer Pharmaceuticals (OPTR) continues to be volatility. Details here.. AgFeed (FEED) is getting crushed. NetApp (NTAP) is today’s…
Exelon: Hostile Takeover of NRG is Out of the Gate (EXC, NRG)
Exelon Corporation (NYSE:EXC) has officially kicked off its unsolicited takeover of NRG Energy (NYSE:NRG). We reported the details yesterday. Exelon needs to receive a majority of NRG’s shares outstanding (about 233 million total) by…
Repsol YPF: Are the Russians Coming? (REP)
Repsol YPF (NYSE:REP) is one of the ten largest integrated oil companies in the world. It is based in Madrid, and owns substantial assets in South America. Repsol reported third quarter earnings yesterday, but…
Jobless Claims Cross 500K, Brace For Much Higher Unemployment
Weekly jobless claims came out this morning above the critical and psychological level of 500,000 filing for unemployment. This was a gain of 32,000 to 516,000, and to little surprise there was a slight…
Top 10 Pre-Market Analyst Upgrades & Downgrades (MO, STZ, LVS, LYV, RF, AXP, CMS, DELL, SOLR, TIBX)
These are the top ten early bird upgrades and downgrades we have seen this Thursday morning with about two hours until the open: Altria (MO) Raised to Neutral from Sell at Banc of America.…
Recession’s Grim Reaper Can’t Catch Wal-Mart (WMT)
The home of "everyday low prices" took a bit of a hit today when it put out its earnings. It can not longer be called "recession proof", but it is still damn close. Wal-Mart…
GM (GM): People Will Not Buy Cars From A Bankrupt Company
There is a perception among investors and government officials that GM (GM) CEO Rick Wagoner will say anything to save his job. He has argued hard and often that people will not buy cars…
Foreclosures May Be Unstoppable
Every problem is supposed to have a solution, no matter how difficult. The rising number of foreclosures and the falling prices of homes should be arrested by plans from the government and large banks…
McDonald’s (MCD) Argues That Some Companies Are Recession-Proof
There is no economic slowdown under the golden arches. Where else can someone buy a large meal of heart-healthy food for under $2, and only $1 for the kids. McDonald’s has begun to make…
Media Digest 11/13/2008 Reuters, WSJ, NYT, FT, Bloomberg
According to Reuters, Japan will supply money to the IMF. Reuters reports that Citigroup (C) is looking at buying Chevy Chase Bank. Reuters reports that the US may need to insure wholesale deposits. Reuters…
Asia Markets And Europe Open 11/13/2008
Most markets in Asia fell. The Nikkei was off 5.3% to 8,239, Sony (SNE) dropped on concerns about holiday sales. The Hang Seng fell 6% to 13,097. HSBC (HBC) fell sharply. The Shanghai Composite…
Tech Holiday Gets Bleak: Intel (INTC) Warns On Q4 (AAPL)(DELL)(HPQ)(RIMM)(BBY)
It is rare when a company warns about its Q4 numbers on November 12. That made Intel’s (INTC) announcement about the final quarter of the year all the more shocking. Intel said it now…
Most Overpaid CEO Of The Day: Vikram Pandit Of Citigroup (C)
Citigroup (C) investors have been remarkably patient with relatively new CEO Vikram Pandit. But, the company’s shares traded under $10 today. The stock has not been that low since 1995. Pandit earned $165.2 million…
Grim Reaper Wearing Crocs (CROX)
CROCS Inc. (NASDAQ: CROX) is a story of the good, the bad, and the fugly. The maker of ugly fad shoes reported earnings after the close, which technically were no earnings at all. The…
Applied Materials, An Upside Surprise, And Layoffs (AMAT)
Applied Materials Inc. (NASDAQ: AMAT) managed to close at what looks to be a decade low, and it was right under $10.00 ahead of earnings. The semiconductor capital equipment giant posted earnings of $0.20…
Congress To Consider $25 Billion Auto Loan Which Bush Will Veto
The lame duck members of Congress are trying to get out of town. Their boxes are packed and they are leaving to join law firms in their old districts. Other members of the House…
As Market Plunges, Major Stocks Fall Under $10 (Part 2) (LTD, OMTR, RSH, RGS, SCOR, LUV, SBUX, WFMI)
It has been almost impossible for most stocks to avoid the carnageand mayhem of late. It is interesting just how many widely held stocks have broken under the $10.00 share price level today. This…