These are some of the downgrades or more cautious calls from Wall Street analysts this Friday morning: Applied Materials (NASDAQ: AMAT) Cut to Hold from Buy at Citigroup. Cisco Systems (NASDAQ: CSCO) Removed From…
The price of oil hit $146 today on fears of instability in Iran, Nigeria, and production problems in Brazil. If oil stays at this level, the price of gas is likely to move closer…
InBev has raised its offer for Anheuser-Busch (BUD) which should seal its takeover of the US beer company. According to The Wall Street Journal, "Anheuser’s board is likely to accept the offer this weekend."…
GE (GE) hit Wall St.’s EPS forecast at $.54 and beat revenue estimates coming in at $46.9 billion above the $45.3 billion concensus. The revenue increase was 11% over the same quarter last year.…
Shareholders at Citigroup (C) have been begging new management to auction off as much of the bank as the new CEO can find. They reckon that is the only way to get the share…
GE (GE) raised $5.4 billion by selling its Japanese consumer financial unit to Shinsei Bank. GE does not need the capital, but it does need to fuel the perception that it is making the…
Anheuser-Busch (BUD) may finally be admitting that it cannot get its shares up from $50 to the InBev bid of $65, even it its cuts costs and sells assets. BUD shares have sold at…
It has started to look like a pattern. A financial company gets in trouble. It stocks falls. The shareholders take a haircut. Sometimes that haircut is 60% and sometimes the stockholders end up bald.…
The short interest in most financial and industrial companies rose sharply for the period ending June 30. Shares sold short in Washington Mutrual (WM) rose 21.6 million to 276.4 million. Short interest in Wachvia…
According to Reuters, the government is considering taking over Freddie Mac (FRE) and Fannie Mae (FNM). Reuters writes that Google (GOOG) thinks that an independent Yahoo! (YHOO) would be better for the search and…
Markets in Asia were mixed. The Nikkei fell .2% to 13,040. Canon was off 1.5% to 5100. Dentsu was down 2.6% to 223000. The Hang Seng rose 1.6% to 22,174. China Mobile (CHL) was…
Late in the day, Intel’s (INTC) CEO said that the company was cutting its way through the recession like a hot knife through butter. The stock promptly jumped and ended the day up over…
AMD (AMD) Little hope that they PC and server businesses will lift revenue and the debt load looks bad in a credit crisis. Down to $4.75 from a 52-week high of $16.19. Starbucks (SBUX)…
Howard Schultz, the CEO and founder of Starbucks (SBUX) is, by any measure, a fabulously wealthy man. He owns 4.4% of the company’s shares. SBUX has a market cap of just over $10 billion,…
One of the hallmarks of a bear market is the the financially weak companies get their brains banged out. AMD (AMD) fits right in. Today it dropped to a new 52-week low of $4.75.…
The financial sector is reeling yet again over woes from GSE’s. In fact, there are now many traders betting that one or both are effectively worthless for common holders. Both Fannie Mae (NYSE: FNM)…
General Electric Co. (NYSE: GE) is announcing the spin off of lighting and appliances and is exploring alternatives for its consumer and industrial units. This report originally came out on Bloomberg but CNBC (a…
Tyco International Ltd. (NYSE: TYC) has decided to re-join the stock buyback regime seen elsewhere now that it has been a year since its break-up. The company has announced that its Board of Directors…
Marathon Oil (NYSE:MRO) stock is indicated lower this morning in pre-open trading following release of the company’s interim update for the second quarter. Shares of Tesoro Corp. (NYSE: TSO) and Valero Corp. (NYSE: VLO)…
Dow Chemical (DOW) recently raised prices on a number of its products by 20%. It said that the price of the core commodities it used in manufacturing was simply up too much. Wall St.…