These are some of the preliminary downgrades or negative research calls seen out of Wall Street analysts this Monday morning in early morning hours: Computer Sciences Corp. (NYSE: CSC) Cut to Sell from Neutral…
These are some of the preliminary upgrades or positive research calls seen out of Wall Street analysts this Monday morning in early morning hours: Ciena (NASDAQ: CIEN) raised to Market Perform at JMP Securities.…
When the Sony (SNE) PS3 was launched to replace the aging Playstation 2, the Japanese company had great hopes that it could maintain its No.1 spot against Nintendo and the Microsoft (MSFT) Xbox franchise.…
Workers for Petrobas, the largest oil company in Brazil, are going on strike. According to Bloomberg, the action may cut Brazilian daily oil output by more than half. In a world where even the…
Several agencies within the federal government will start to target people and firms who spread rumors to move share prices up and down. Allegedly, this is a practices often used by short sellers to…
The federal government has decided that Fannie Mae (FNM) and Freddie Mac (FRE) are too big to fail. The Fed and Treasury will offer a combination of loans and stock purchases to make sure…
The board at Anheuser-Busch (BUD) did the right thing. It got a offer well above market to sell the company. It fought for more money. When it got the better price. It sold. BUD…
Apple (AAPL) probably sold over 425,000 3G iPhones in the first three days it was on the market. That would put it on track to hit forecasts from Piper Jaffray that the company will…
According to Reuters, the govenment will bail-out Freddie Mac (FRE) and Fannie Mae (FNM) through a combination of stock purchases and loans. Reuters reports that InBev will buy Anheuser-Busch (BUD) for $52 billion. Reuters…
Markets in Asia were mostly lower The Nikkei fell .2% to 13,010. Kobe Steel rose 3.1% to 296. Nikon rose 3.4% to 3330. The Hang Seng fell .8% to 22,045. China Mobile (CHL) fell…
Concerns about the financial health of Freddie Mac (FRE) and Fannie Mae (FNM) and the huge repercussions which would occur in the banking and mortgage industry if either one fails has cause the government…
Apple (AAPL) may be one of the most successful companies in the world. Over the last five years, the value of the firm’s shares is up almost 1,600%. Most of that is due to…
In an attempt to save Fannie Mae (FNM) and Freddie Mac (FRE) from becoming insolvent, the US Treasury is reviewing a plan to put $15 billion in new capital into the companies. According to…
Friday evening Microsoft (MSFT) and Carl Icahn made an offer to the Yahoo! (YHOO) board. Microsoft would buy Yahoo!’s search business. Icahn would take over the rest of the company. The portal company’s board…
Apple (AAPL) is not sold out of the new 3G iPhones. Based on data from the company, consumers can find them in almost every Apple store. Reports are that Apple’s carrier partner AT&T (T)…
Short sellers seems to think the either the merger between Sirius (SIRI) and XM Satellite (XMSR) will not go through or that it will be too late for the financially crippled companies. Short interest…
Here is the list of stores that Starbucks (SBUX) will close in July 2008. Starbucks plans to close a total of 600 stores and lay-off 12,000 full-time and part-time employees in an effort to…
Fannie Mae (FNM) Full-blow panic that it will fail. Down to $6.68 from 52-week high of $70.57. Freddie Mac (FRE) Panic. Falls to $3.89 from 52-week high of $67.20. Lehman (LEH) Panic over potential…
The Fed offered to open it emergency discount window to Fannie Mae (FNM) and Freddie Mac (FRE) to offer them the money they may need to remain solvent. Investors were not convinced. Perhaps they…
Things have been so bad at Ford (F) that there is nothing left to cause its stock to rally. High gas prices have be undermining sales of its profitable SUVs and pick-ups. It has…