If NYSE Reinstated Trading Curbs… (NYX)
Once upon a time, on a trading floor not so long ago… The NYSE Euronext, Inc.(NYSE:NYX) used to implement Trading Curbs that were different than the current Circuit Breakers. This was just when it…
All Work
Douglas A. McIntyre
Can Oracle & Larry Ellison Escape The Hangman? (ORCL)
After today’s close we’ll get earnings out of Oracle Corp. (NASDAQ: ORCL). The enterprise and CRM behemoth is expected to post $0.27 non-GAAP EPS on $5.42 Billion in revenues according to First Call. For…
Is VIX At 40 Enough?
The highly watched CBOE Volatility Index, the VIX or the Fear Index, blew through 30 over recent days faster than one could imagine. Historically 30 is the recent historic level where even the bears…
Custodial Banks Join The Carnage (STT, BK)
We are suddenly seeing a meaningful drop in the major custodial banking stocks. State Street Corp. (NYSE: STT) and The Bank of New York Mellon Corporation (NYSE: BK) are the leaders in this group. …
The Fleeting Nature Of Investment Banks
By John Tamny, RealClearMarkets When he was still running Goldman Sachs, current Treasury secretary Henry Paulson would regularly talk to the classes of incoming associates about what kept him up at night. His answer…
Cypress Drawing Power from the Sun (SPWR, CY)
A long-awaited move is finally happening. SunPower Corporation (NASDAQ:SPWR) has registered more than 42 million shares of Class B common stock owned by Cypress Semiconductor (NYSE:CY) to be distributed in a spin-off to stockholders.…
DJIA Picks Kraft As Unusual AIG Replacement (KFT, AIG, PEP, KO)
Earlier this week in the midst of the American International Group (NYSE: AIG) meltdown we brought up the issue that AIG was about to lose its standing as a member of the prized Dow…
Constellation Finds Disappointing Buyout (CEG, BRK-A)
Good news and bad news…. Constellation Energy (NYSE: CEG) has found a buyer. The bad news is that it is a tentative deal that is for a mere $26.50 per share. MidAmerican Energy Holdings…
Status on Companies Raising Cash (ORA, TCBI, VRTX, OTTR)
We have seen three issues so far since yesterday’s close to sell shares of stock and one offering still pending on the calendar for the week. We have seen filings out of Ormat Technologies…
Capstone Turbine Changes Tune In Securities Sales (CPST)
Capstone Turbine Corporation (NASDAQ:CPST) has pulled somewhat of an about-face. The company has registered 21,485,660 shares of common stock and warrants to purchase an additional 6,445,698 shares of common stock in a secondary offering. …
Early Bird Pre-Market Analyst Upgrades & Downgrades (ADTN, EYE, HOC, INCY, PTR, CEG, KSS, VNO, WFMI)
These are some of the early bird analyst calls we are seeing in stocks this Thursday morning which could impact shares: ADTRAN (ADTN) Raised to Outperform at Baird. Advanced Medical Optics (EYE) Started as…
Google (GOOG) Defies The Authorities
Google (GOOG) told regulators who do not like its program to sell search advertising for Yahoo! (YHOO) to go to hell. Antitrust authorities in the US and EU have expressed concerns that having the…
Suspending Short Selling Entirely?
There are two compelling arguments against suspending short selling completely, even if it is for only a brief period. The first is that a free market allows investors to make money by betting that…
A Lesson From Russia: Close The Markets
Most Americans think that closing the markets for a day or two is the action of socialists and not an appropriate way to deal with the current credit debacle. Nevertheless, the Russians like the…
Central Bank Action Reverses Market Slides
For the time being, the move by central banks to add $180 billion to the financial systems to improve liquidity at large banks and brokerages seems to be working. The Hang Seng, which was…
Attacking The Wrong Problem: Huge Help For Banks, Nothing For Mortgages
The Fed and a number of other large central banks will put $180 billion into the markets to improve liquidity. Policy makers “continue to work together closely and will take appropriate steps to address…
Media Digest 9/18/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Morgan Stanley (MS) is in merger talks with several firms. Reuters says HSBC (HBC) may be a possible buyer for Morgan Stanley. Reuters reports that Washington Mutual (WM) is being auctioned…
Asia Markets 9/18/2009 (SNE)(TM)
Markets in Asia were sharply lower. The Nikkei fell 2.2% to 11,489. Sony (SNE) hit a five year low. Honda (HMC) dropped sharply. The Hang Seng was off over 5% to 16,742. Industrial &…
Constellation, Maybe Not Out For The Count (CEG)
Constellation Energy (NYSE: CEG) may have found a savior. Its US partner, France-based EDF, is reportedly considering making either a bid or at taking an increased stake. This is also in the midst of…
Wachovia (WB) Expresses Interest In Morgan Stanley (MS)
The New York Times is reporting that Morgan Stanley (MS) has been approached by Wachovia (WB) about a buyout. According to the paper, the broker is also considering other options. Douglas A. McIntyre