The 52-week lows are full and full of stocks each day lately. In a bear market it gets harder and harder to find stocks which are on their 52-week highs. The non-perishable food companies…
Micron Technology, Inc., (NYSE:MU) showed a fourth quarter net loss of $344 million, or $0.45 EPS, on net sales of $1.45 billion. These results include a non-cash charge to cost of goods sold of…
Crosstex Energy (XTXI) Downgraded by Goldman. Drops to $19.92 from 52-week high of $40.39. Gentex Corportion (GNTX) Cuts revenue outlook, downgraded by Baird. Drops to $12.36 from 52-week high of $22.60. SLM (SLM) Student…
General Motors (GM) delivered 284,300 vehicles in September. Sales were down 16% from the same month last year. Car sales fell 10% to just over 118,000. Light trucks were off 19%. Cadillac did poorly with…
General Electric Co. (NYSE: GE) is coming out swinging to halt the offensive rumors and credit concerns that have been hindering its stock. The company made two key announcements to fight this. GE will…
Despite the realm of uncertainties we all face, there is one sector which has survived through the good times and bad times of the last century: movies. Movies haven’t even been killed by the…
Hewlett-Packard (NYSE: HPQ) is acquiring LeftHand Networks Inc., a move that takes the company further into hardware for virtualization. LeftHand provides storage virtualization and iSCSI storage area network solutions to enable mid-size companies and…
Ford (F) has an atrocious September. The car company reported total sales of 116,734, down 34 percent versus a year ago. Volvo sales were off over 50%. Overall Ford brand SUV sales dropped 57%…
This last weekend we began screening for technology stocks with extremely low P/E multiples which are still showing growth. The two giant independent disk drive and hard drive data storage stocks of Western Digital…
GE (GE) recently revised its guidance. For the the third quarter it moved its estimates to a range of $.43 to $.48 per share from the previous figures of $.50 to $.54 For the…
Kinder Morgan Energy Partners (NYSE:KMP) and Energy Transfer Partners (NYSE:ETP) are teaming up again, this time on a joint venture to move up to 2 billion cubic feet of natural gas per day from…
The list of management screw-ups at Boston Scientific (BSX) is almost too long to number. It bought rival Guidant and added $7 billion in debt in the process. Some of Guidant’s products were not…
Level 3 Communications (LVLT) has done remarkably well this year since it is viewed as a company with only modest growth and positive cash flow prospects. The stock price is slightly down YTD at…
The Institute for Supply management, or ISM, has released some awful data for the manufacturing sector. It noted that while the overall economy grew for the 83rd consecutive month, the PMI indicates a…
NYSE Euronext (NYSE: NYX) made an announcement that it has completed its acquisition of the American Stock Exchange. This deal has felt as though it has been on the books forever. We don’t know…
GameStop (NYSE: GME) has reached a deal to make another video game chain acquisition. It is in a definitive agreement to acquire Micromania. This chain is France’s leading video game retailer with 332 locations…
Farmer Mac, or Federal Agricultural Mortgage Corp. (NYSE: AGM), has been up against the ropes and reviewing its alternatives. Things have been so bad that at a $4.10 close, that is down from a…
UBS has decided to downgrades the hospital sector this morning. It seems that perhaps not all medical and healthcare stocks are immune from a rapidly weakening economy. We have seen downgrades on three of…
These are some of the upgrades and positive analyst calls we are seeing this Wednesday morning: American Tower (AMT) Raised to Buy at Goldman Sachs. Energy Solutions (ES) Raised to Outperform at FBR. Exxon…
These are some of the downgrades and cautious analyst calls we are seeing this Wednesday morning: American Capital (ACAS) Cut To Underweight from Neutral By JP Morgan. Boston Scientific (BSX) Cut to Underperform at…