Asia Markets 8/12/2008 (HMC)(CHL)(SNP)
Markets is Asia were narrowly mixed. The Nikkei fell 1% to 13,304. Dentsu rose 3.4% to 2200500. Honda (HMC) rose 2.8% to 4740. The Hang Seng rose .2% to 21,929. China Mobile (CHL) fell…
All Work
Douglas A. McIntyre
Short Sellers: Split Decision On Financials, And Bailing Out Of Tech (WM)(WFC)(WB)(BAC)(JPM)(MER)(FRE)(FNM)(MSFT)(QCOM)(DELL)(BRCM)(KFT)(GM)(AMR)
Shorts sellers suffered from a lack of conviction on the direction of financial stocks in the period that ended July 31. They were clear that betting against tech was no longer a good idea.…
Blue Chip Economists Too Optimistic, Again
Economists think that growth of the US GDP will continue to slow into the second half of the year and then into 2009. Their opinions are too upbeat. The monthly poll by Blue Chip…
JP Morgan (JPM) Balance Sheet Takes Another Haircut
Every month, Wall St. hopes that bank write-downs will slow or stop and every month matters seem to get worse. It looks like July will turn out to be no exception as a deteriorating…
Cuomo Crushes Morgan Stanley (MS)
Morgan Stanley (MS) thought it could pull a "monkey see, monkey do" act with NY State Attorney General Andrew Cuomo. The investment house offered to buy back $4.5 billion in auction-rate securities using much…
Vegas Odds: Another Large Financial Firm Will Fail (LEH)(WB)(WM)
Bear Stearns was not the end of it. Institutional investors think at least one more large firm will fail, probably over the next six months. Although those surveyed did not name a company, at…
Comments From Capstone Turbine’s Q&A and Conference Call (CPST)
After the Capstone Turbine Corp. (NASDAQ: CPST) earnings report, we listened to the conference call and the question and answer session from analysts to get a better handle on the quarter and what is…
Capstone Turbine Results A Coin Toss On The Surface (CPST)
Capstone Turbine Corporation (NASDAQ:CPST) has posted its quarterly results, and traders on Wall Street are somehwat mixed on the data. If traders focus merely on the results in the quarter that went to the…
Cuomo Goes After Wachovia (WB)
NY Attorney General Andrew Cuomo wants blood from the banks that marketed auction-rate securities but have not made settlements with him. In his mind, Wachovia (WB), Morgan Stanley (MS), and JP Morgan (JPM) stand…
The 52-Week Low Club 8/11/2008 (SIRF)(CDE)(AU)(BWTR)
Coeur d’Alene Mines (CDE) Faces bad earnings and falling metals prices. Drops to $1.69 from 52-week high of $5.18. Anglogold Ashanti (AU) Metals stocks down. Slips to $25.68 against 52-week high of $51.35. Basin…
Toyota (TM): Exporting From America? (GM)(F)
It is a Category 5 irony that Toyota (TM) may be faced with exporting cars it makes in the US to other countries. It initially conquered the small car market in the America by…
Does It Matter If Content Is Still King (TWX)(GOOG)??
Whenever analysts say "content is king," people often visualize Mel Brooks in "History of the World Part 1" shouting "it’s good to be the king." A more accurate picture is Shakespeare’s tragic "King Lear"…
Capstone Turbine Investors Brace For Earnings (CPST)
Capstone Turbine Corp. (NASDAQ: CPST) is set to report earnings after the close today. Once again we caution that with many analysts new in covering this stock and with the size of the company…
24/7 Wall St. Day Trading Alerts (MSFT)(SIRI)
Several stocks made big moves today and substantial moves in volume. Included in equity and options action were Sirius (SIRI) and Microsoft (MSFT)
RIM (RIMM) Gains Big Market Share In US
Motorola (MOT) kept its lead in US market share by holding 25.8% of the country’s cellular phone business. That was hardly the big story. Research-In-Motion (RIMM), maker of the Blackberry, was the significant winner…
Bargain Shoppers Driving TJX In More Ways Than One (TJX)
The soft economy is actually driving some retail winners, and it isn’t really the old analogy of just the wealthy doing well. The TJX Companies, Inc. (NYSE: TJX) is putting in new all-time highs…
24/7 Wall St. Most Overpaid CEO Of The Day: Basin Water (BWTR) CEO Michael Stark
Basin Water (BWTR) shares are off over 50% to $1.78 on heavy volume. Basin Water said that the Audit Committee of its Board of Directors is conducting a review of the Company’s accounting for…
Coal is Hot, Ethanol is Not (PEIX, NRP)
Pacific Ethanol (NASDAQ:PEIX) led off its second quarter financial report with higher sales number. Unfortunately, the company also had to report earnings, or the lack of earnings. For the quarter, Pacific reported a net…
Can Small Businesses Escape From The Auction-Rate Securities Mess?
There has been a great deal of talk about how the New York State Attorney General and the SEC has done companies and individual investors a service by getting Merrill Lynch (MER), Citigroup (C)…
JDA & i2: Supply Chain Consolidation Continues (JDAS, ITWO)
An announcement came early this morning that JDA Software Group Inc. (NASDAQ: JDAS) was acquiring i2 Technologies Inc. (NASDAQ: ITWO). The companies have signed a definitive merger pact for approximately $346 million in cash.…