MercadoLibre Trying To Catch Up (MELI)
MercadoLibre, Inc. (NASDAQ: MELI) may have fallen a long ways from back when Jim Cramer called this one his favorite tech calls from Latin America, but the company is up in after-hours trading and…
All Work
Douglas A. McIntyre
The 52-Week Low Club (DRYS)(FMCN)(GM)(S)(C)(TSN)(GNW)(GGP)
General Growth Properties (GGP) Concerns about bankruptcy. Falls to $.33 from 52-week high of $51.24. Genworth (GNW) Moody’s downgrade causes shares to plunge to $1.19 from 52-week high of $28.21. Tyson Foods (TSN) JP…
Institutional Broker Defends Goldman Sachs (GS)
Sandler O’Neill is an institutional brokerage firm that many individual investors have not ever heard of, yet it has been around for roughly 20 years. It also does business in some form or fashion…
A Contrarian View On GM (GM), And A Bad One
JPMorgan likes GM’s (GM) bonds. On the surface what is not to like? According to Reuters, "GM’s benchmark 8.375 percent bond due 2033 has dropped to 25.75 cents on the dollar, from 36.5 cents…
Government To Offer Major Changes To Some Mortgages, Unemployment Becomes The Enemy
In a move that could create a bottom for the housing market by the middle of next year, the government is taking unprecedented steps to keep people in their homes. "We need to stop…
Huffington, Politico, Slate: Big Post-Election Audience Drop Begins
The drop-off in traffic to political websites now that the election is over has begun in force. According to figures provided to 24/7 Wall St. by online audience measurement firm Hitwise, Slate lost 75%…
Caesar Shows Thumb Down on Las Vegas Sands (LVS)
Las Vegas Sands Corp. (NYSE: LVS) has just re-opened for trading after being halted all day. After the news today it is of little surprise that the stock is being hit hard after the…
Merrill Lynch (MER) CEO Slips Blame By Calling Current Environment Similar To Depression
John Thain of Merrill Lynch (MER) spent most of his time at the financial firm saying that the markets would improve as would the fortunes of his company. He was consistently and remarkably wrong.…
Time to Pull the Plug on General Motors (GM)
By John Tamny of RealClearMarkets Ludwig Von Mises once wrote that the entrepreneur who fails to use his capital to the "best possible satisfaction of consumers" is "relegated to a place in which his…
Drug-Eluting Stent Data Shows More Promise (BSX, ANPI, JNJ, SRDX, MDT, ABT)
The Massachusetts Department of Public Health funded a study which is showing further evidence to support the use of drug eluting stents over bare metal stents in heart attack patients. This study measured stent…
Fannie Mae And Freddie Mac: Cases For And Against Housing Recovery
The head of Toll Brothers (TOL) said the housing market could not get worse, but it has anyway. People were not even bothering to come and see the homes his company builds. Those comments…
One Solar Stock Stays Ahead of the Pack (ENER, JASO, FSLR, SPWRB, CY)
One year ago, the share price for Energy Conversion Devices (NASDAQ:ENER) was $29.31. Shares rose to a 52-week high of $83.33, closing yesterday at $38.04. That’s off 52% from the high, but nearly 30%…
Las Vegas Sands Gets A Lifeline (LVS)
Las Vegas Sands Corp. (NYSE: LVS) initially showed up on our day trader alerts this morning as one of the Macau casino movers. But right before the open Las Vegas Sands announced that it…
Chesapeake Energy: Still Raising Cash (BP, CHK, STO, PXP)
If BP plc (NYSE:BP) plans to buy Chesapeake Energy (NYSE:CHK) as the rumor mill has suggested, it had better hurry up while there’s still something left. Early this morning, Chesapeake announced that it had…
24/7 Wall St. Day Trading Alert (FMCN)(SGMO)(OPTR)(GS)(LVS)(WYNN)(MPEL)
Focus Media (FMCN) is getting crushed this morning after posted bad numbers. Details.. Sangamo Biosciences (SGMO) ran into drug trial troubles and will trade way down. Optimer Pharmaceuticals (OPTR) is ready for a big…
Top Pre-Market Analyst Upgrades (FRPT, INFY, NZ, OPTR, UTHR, USB, VMW)
These are the top analyst upgrades we are seeing from Wall Street early this Tuesday morning: Force Protection (NASDAQ: FRPT) Raised to Buy at Collins Stewart. Infosys (NASDAQ: INFY) Started as Outperform at William…
Top Pre-Market Analyst Downgrades (AA, AZ, ACAS, CAR, CMA, HTZ, KFN, SGMO, TM)
These are the top early bird analyst downgrades we are seeing with more than two hours to the open on this Tuesday morning: Alcoa (NYSE: AA) Cut to Market Perform at FBR. Allianz (NYSE:…
Treasury Starts To Run Out Of Bailout Money
When the Congress approved the bailout fund requested by Mr. Paulson, it earmarked $700 billion for the program, but the first installment was half of that. Only $60 billion of the initial piece is…
China Can’t Outrun The Trouble
Six hundred billion dollars may be a lot of money, even by national bailout standards, but it won’t save China from a recession. Based on data release overnight, China reported the slowest export growth…
The Mortgage Salvation Plan Spreads (JPM)(C)(WFC)(BAC)
Ben Bernanke and Henry Paulson may be holding guns to the heads of major banks to get them to "reset" the mortgages of troubled homeowners, or the generous spirit of the holidays may have…