Cramer Attacks John Thain of Merrill Lynch (MER, NYX)
On CNBC’s MAD MONEY tonight, Jim Cramer came out and added the Merrill Lynch (NYSE: MER) CEOJohn Thain to his "Wall of Shame" full of CEO’s that he wants to see go away. He…
All Work
Douglas A. McIntyre
Align’s Guidance: Wearing a Retainer in Public (ALGN)
Align Technology Inc. (NASDAQ: ALGN) has just posted some mixed earnings. Regardless of Wall Street’s and Main Street’s love of Invisalign, the stock is being pounded. The company reported earnings at $0.06 EPS on…
Electronic Arts: Earnings Weighed Against Valuation (ERTS, TTWO)
Electronic Arts Inc. (NASDAQ: ERTS) has reported its video game numbers for investors today. The company’s net was -$0.30 in GAAP EPS on $804 million in revenues (misleading numbers). Before a $231 million deferred…
52-Week Low Club (AUO, CVI, DIET, ENTR, FDP, GLBL, OIIM, PCCC, SNE, TNC, TRID, ZRAN)
Today’s list of stocks is somewhat void of financial stocks, yet many of these you’ll recognize. Here are today’s 52-week lows: AU Optronics Corp. (NYSE: AUO) stock rose over prior lows but still looking…
First Solar: Analysts Target $350 to $450 Before Earnings (FSLR)
Despite the drop in oil prices and despite a bear market in general, it is still easy to find those who think some alternative energy stocks are headed much higher. That is still the…
Can Gas Prices Make It Back To $3 This Year?
Through much of the spring and early summer, Wall St. experts and oil analysts said gasoline could break above the $5 barrier as oil moved close to $150 a barrel and vacation travel increased.…
National Oilwell Varco Backlog Sets Rig Stock Standards (NOV, BHI, RIG)
Excluding special items, National Oilwell Varco (NYSE:NOV) reported second quarter 2008 income of $486.5 million, or $1.20 EPS. During the quarter, the company paid $62.5 million related to its merger with Grant Prideco, took…
Palm’s Centro Leads Shares (PALM, S, VZ)
Palm, Inc. (NASDAQ: PALM) has not been without its problems. But there seems to be a saving grace here with strong unit sales. The Palm Centro has now reached its 2-millionth unit sold. It…
Rackspace IPO Closer to Market
It doesn’t take a rocket scientist to realize that the IPO market is limited or closed to most markets. But solid companies with solid growth stories can still tap the markets. Enter Rackspace Hosting…
SIRIUS Dilution & Low Convertible Debt Price Weigh On Shares (SIRI, XMSR)
SIRIUS Satellite Radio, Inc. (NASDAQ: SIRI) has finally completed its merger with XM Satellite Radio (XMSR). In fact, SIRIUS is the only surviving stock now as XM doesn’t trade any longer after last night. …
Valero Hits the Wall, Yet Bounces (VLO)
Valero Energy Corp. (NYSE:VLO) reported more bad news this morning on the earnings front, even though the bad news isn’t as bad as many feared. Second quarter income from continuing operations totaled $734 million,…
Starbucks (SBUX) Dumps Kangaroos and Koalas
Australia, formerly the world’s largest penal colony, will loss three-quarters of its Starbucks (SBUX) stores this week. That totals 61 locations. Starbucks will only keep its stores in Brisbane, Melbourne and Sydney open. Right…
Google (GOOG) Operating Division Valuations, Undermining Market Cap
Google (GOOG) has a market cap of $150 billion. The company runs twenty properties each of some significant size from YouTube to Google Earth. Some of these operations probably add to Google’s overall value. …
Top Pre-Market Analyst Downgrades (ANF, AEO, ANN, CHS, CWTR, ENTR, IGT, MSA, OVTI, VNDA)
These are some of the analyst downgrades and negative calls we are seeing early this Tuesday morning: Abercrombie & Fitch (ANF) Started as Neutral at Goldman Sachs. American Eagle Outfitters (AEO) Started as Sell…
Top Pre-Market Analyst Upgrades (ARO, AMGN, DPS, EDS, ENR, PCAR, PBR, RAH, SAP, URBN, V)
These are some of the analyst upgrades and positive calls we are seeing early this Tuesday morning: Aeropostale (ARO) Started as Buy at Goldman Sachs. Amgen (AMGN) Raised to Buy at Citigroup. Dr. Pepper…
Merrill Lynch (MER) Meets The IMF Head On
In an ironic bit of sloganeering, the current Merrill Lynch (MER) corporate promotion is "Even In Today’s Economy, There Are Smart Places For Your Money." It may not be lost on the shareholders of…
Alcatel-Lucent’s (ALU) CEO-For-Life Walks Toward The Sunset
Alcatel-Lucent (ALU) CEO Pat Russo survived a string of quarterly losses and catastrophes at her company that would have put a lesser person down. She remained bloodied by unbowed as ALU reported tremendously poor…
FDIC Chief Whistles Past The Graveyard
FDIC Chairman Sheila Bair, perhaps looking for a break in the relentless storm of the financial crisis, said that only 13% of banks on the agency’s watch list actually fail. According to Reuters, "The…
JetBlue (JBLU) CEO Takes Haircut
In an 8-K filed with the SEC, JetBlue (JBLU) announced that CEO David Barger "voluntarily amended" his employment agreement to "reduce his base salary by fifty percent, from $500,000 per year to $250,000 per…
Media Digest 7/29/2008 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Merrill Lynch (MER) said that it would sell $8.5 billion in stock and take large write-downs. Reuters report that KKR says the market slump is a good time to go public.