Senomyx Files To Raise Cash (SNMX)
Senomyx Inc. (NASDAQ: SNMX) has just filed for a possible secondary offering or capital raise of up to $50 million. It has filed an open shelf that will allow the company to sell common…
All Work
Douglas A. McIntyre
Vonage Creeps Up (VG)
New management over at Vonage Holdings Corp. (NYSE: VG) is going to have its hands full. The independent VoIP telephony leader did post a narrower loss on expense management. Its $7 million loss came…
Jobless Claims Hit New Highs: More Babysitter Positions Needed
The Labor Department just posted a pretty ugly jobs number. Normally we do not pay quite as much attention to the weekly numbers, but they are getting worse and worse. This last week’s report…
Illumina Gets Secondary Behind It (ILMN)
Illumina Inc. (NASDAQ: ILMN) has priced its proposed secondary offering of 3.5 million shares at $87.50 per share. This will result in net proceeds of roughly $297.9 million. The sole manager of the offering…
Wal-Mart (WMT): The “Recession Proof” Theory Leaves The Building
The big theory after Wal-Mart (WMT) announced its June same-store sales was that the company was recession-proof. People were going from higher-priced retailers to Wal-Mart to save money because the economy was forcing them…
Sirius (SIRI): A Miss Is As Good As A Mile
Sirius (SIRI) second quarter earnings demonstrated once again that, even after a merger with XM the new entity is not a viable business. The company’s gross subscriber additions were 1,029,287, barely above the 1,002,145…
Top Pre-Market Analyst Upgrades (BPFH, CAAS, CTXS, HAYN, MMC, NDAQ, RL, RMD)
These are not all of the analyst upgrades or positive calls we are seeing, but these are the stand out calls early this Thursday morning: Boston Private Financial (BPFH) Raised to Overweight at JPMorgan.…
Top Pre-Market Analyst Downgrades (AIG, ANEN, AVP, KMX, CTRN, EW, FMX, LAMR, TRMK, VMW)
These are not all of the downgrades or negative calls we are seeing, but these are the stand out calls early this Thursday morning: AIG (AIG) Cut to Market Perform at FBR. Anaren (ANEN)…
The Mortgage Crater Gets Deeper, Storm Flags Up For Banks
The IMF and NYU economist Nouriel Roubini can say "I told you so." Both put estimates for mortgage write-downs at over $1 trillion. Banks executives are hoping the number is half of that. The…
McDonald’s (MCD): Raise Prices, Dump Customers
McDonald’s (MCD) is caught between the rising prices of commodities and the need to keep the cost of its food and drinks low. So, the company has decided it may raise what it charges…
GM (GM) CEO Has Support Of .000839% Shareholder
Since Richard Wagoner became CEO of General Motors (GM), the stock has gone from the $60 per share range down to its current price of $10.25. But not to worry: the company’s lead outside…
AIG (AIG): Stupidity’s Special Child
AIG (AIG) has made the assumption that other firms like Merrill Lynch (MER) and Citigroup (C) did. Changing CEOs will somehow alter the course of a systemic problem which curses the financial industry.The mortgage-related…
Under Armour (UA) Feeling Under-Loved
Shares of Under Armour (UA) closed on Wednesday at $32.92, 55% off the 52-week high of $73.40. And yet, according to an interesting company profile in today’s New York Times, "There are two kinds…
Media Digest 8/6/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Freddie Mac (FRE) now has a negative net worth which means some investors think it should trade close to zero. Reuters writes that AIG (AIG) posted a huge loss of over…
Asia Market 8/7/2008 (SNP)(CHU)
Markets in Asia were narrowly mixed. The Nikkei fell 1% to 13,125. KDDI fell 2.8% to 651000. NEC was off 3.5% to 493. The Hang Seng moved up .7% to 22,107. China Petroleum (SNP)…
SIRIUS First Post-XM Merger Earnings On Deck (SIRI)
On Thursday morning, we’ll get our first real earnings conference call out of Sirius Satellite Radio, Inc. (NASDAQ: SIRI) on a post-XM merger basis. Last week we got some of the preliminary data but…
VeriSign Earnings Neither ScarySign Nor VeriBuy (VRSN)
We have just seen earnings out of VeriSign Inc. (NASDAQ: VRSN). The web versions of "General Eclectic" has a very difficult to compare earnings report because of "total operations" and its core operations. Its…
True Religion, An Earnings Nirvana (TRLG)
True Religion Apparel, Inc. (NASDAQ: TRLG) juust reported Q2 revenues in a gain of 78.9% year/year of $64.2 million and EPS of $0.39 on net income of $9.3 million. The estimates from First Call…
The 52-Week Low Club (WFMI)(INAP)
Acco Brands (ABD) Quartlerly loss. Down to $6.90 from 52-week high of $26.09. Bristow Group (BRS) Lower earnings last quarter. Off to $36.01 from 52-week high of $58.98. Internap Network (INAP) Awful quarter. Sells…
Kraft Speculative Options Trades Going Farther Up On Strikes (KFT)
This morning we gave another heads-up volume spike alert on Kraft Foods Inc. (NYSE: KFT) as traders have been buying up call options after some non-directional high volume trades pulled more speculators into the…