Where Do Investors Find Safely? (XOM)(MSFT)(WMT)(PG)
Some investors have been so rattled by this market that they have taken their money and run. Even Treasuries are not safe enough. What if the US government defaults? Of course, Treasuries are a…
All Work
Douglas A. McIntyre
Knocking Down HP (HPQ) And Dell (DELL): The Netbook Goes Wild (AAPL)(RIMM)
The "netbook: seemed like a remarkably stupid idea. It sits somewhere between small laptops and smartphones. It is not much good for anything beyond e-mail and web access. It looks like a cheap toy.…
Citigroup (C) Won’t Make It
Citigroup (C) is not going to make it, at least not an an independent company. The FT has reported that the head of Goldman Sachs (GS) called Citigroup CEO Vikram Pandit to discuss a…
Media Digest 10/27/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, the Korean central bank made record rate cuts. Reuters reports that the G7 said the rising yen may be a threat to financial markets. Reuters writes that Hungary and the IMF…
Asia Markets And Europe Open 10/27/2008 Drop Continues
Markets in Asia fell. The Nikkei dropped 6.4% to 7,163.Mitsubishi UFJ Financial fell on news it may need to raise money. Toyota (TM) also fell sharply. The Hang Seng fell 8.9% to 11,499. China…
Another Fed Cut And Another OPEC Cut: 1+1=0
Las Vegas odds are currently 10-to-1 in favor that the Federal Reserve will cut rates at its upcoming meeting. This was not going to happen. The Fed is never to act just before a…
As Porsche Takes Over VW, Big Three Find An Acquirer
Porsche is not a very big car company, but it has had some special rights to buy a significant amount of equity in the largest car company in Europe–VW. The VW management has not…
Companies Beyond Financial Sector Want Bailout Cash, A Bad Idea (C)(WFC)(NCC)(WB)
Too many mouths to feed. Someone will have to starve. Now that Henry Paulson has $700 billion and some discretion about how to spend it companies from car manufacturers to airlines want a piece.…
The Shorts Get Out Of Banks And Into Tech (C)(WFC)(WB)(BAC)(MBI)(AIG)(INTC)(MSFT)(ORCL)(DELL)(QCOM)(SIRI)(F)
For the period ending October 15, short sellers got out of most banks and brokerage stocks. That is a shame for them. They could have made a killing this week. The short interest in…
Chimera & Annaly, Venturing Further With Vulture Capital (CIM, NLY)
Chimera Investment Corporation (NYSE: CIM) has raised cash via a secondary offering. The mortgage and fixed income investment vehicle, which we have referred to as the first public vulture fund set up to capitalize…
How The New York Times (NYT) Should Save Itself
The New York Times is now running on fumes. S&P has downgraded the company’s debt to junk, and Moody’s is about to do the same. The stock has fallen to $10, and is being…
What The NCC (NCC) Deal Says About Bank Balance Sheets
NCC (NCC) was bought today by PNC in what most people would view as a classic "takeunder" The price of the deal was well below where the shares traded yesterday. NCC’s stock is down…
Can The VIX Hit 100?
The CBOE Volatility Index, or the VIX, has historically been used to measure extreme oversold levels. Unfortunately, history books are about as useful as slapstick and pulp fiction for traders and investors right now. …
5 Friday Stock Winners Despite Market Carnage (CLS, COLM, INSU, IPCR, WDC)
The few winners out there on this ugly friday morning are few and far between, but here are some of the stocks that have managed to actually trade higher despite futures having traded limit…
PNC and National City Banks Merge Despite Armageddon (PNC, NCC)
Today is one ugly day for financial stocks, and probably one of the crummiest days so far that you could pick to announce a merger. Yet hold on to your seats. PNC Financial Services…
Major Tech Stocks Challenging Recent Lows (MSFT, CSCO, AAPL, RIMM, INTC, AMZN, DELL)
Tech stocks are far from immune in the selling. We put together a list of the major stocks trading sharply lower on active trading and we listed the previous 52-week lows to put this…
Banks Tank, Yet Most Still Above 52-Week Lows (BAC, C, GS, JPM, MS, NTRS, USB, WFC)
This is obviously one of our ugliest mornings in years with futures trading limit down. What is interesting is that the financial stocks are the most leveraged to this, yet oddly enough most stocks…
Top Pre-Market Analyst Upgrades (ACC, CLS, CHS, EL, JBLU, SLGN, TRMB)
These are some of the top pre-market analyst upgrades we are seeing this Friday-crash morning: American Campus (ACC) Raised to Outperform at Baird. Celestica (CLS) Raised to Outperform at CIBC. Chico’s FAS (CHS) Raised…
Top Pre-Market Analyst Downgrades (ATI, BIDU, DISCA, FHN, JNS, NOV, PTEC, RSH, SIGM, VRGY)
These are some of the top pre-market analyst downgrades we are seeing this Friday-crash morning: Allegheny Tech (ATI) Cut to Hold at Deutsche Bank. Baidu.com (BIDU) Target Cut to $260 from $350 at Goldman…
Quick Cheat Sheet On Circuit Breakers & Limit Down Futures
We wanted to give you a brief snapshot of how futures work in "limit down" mode pre-market and then give you a quick hit on how the actual stock market circuit breakers work. Today…