Asia Markets 7/10/2008 (LFC)(CHL)(TM)(SNE)
Markets in Asia were mixed The Nikkei rose .1% to 13,067. Sony (SNE) rose 1.2% to 4400. Toyota (TM) rose 1% to 4980. The Hang Seng fell .2% to 21,759. China Life (LFC) rose…
All Work
Douglas A. McIntyre
Wachovia (WB) Names CEO, Still In Deep Trouble
Wachovia (WB) named a former Treasury official as its CEO. Robert Steel most recently served as undersecretary for domestic finance for the U.S. Department of the Treasury according to Reuters. He has also been…
The 52-Week Low Club (FRE)(WB)(MER)(TSO)
Freddie Mac (FRE) sells down 25% to $9.88 on concerns raising capital will wipe out shareholders. The company’s 52-week high is $67.20. Wachovia (WB) Panic selling in financial shares knocks this down to $14.28…
Despite Upgrade, VeriSign Problems May Only Be Starting (VRSN, WWWW, ENTU)
VeriSign inc. (NASDAQ: VRSN) has had more than a tough week. Shares are seeing a winning day so far as it was upgraded this morning over at R.W.Baird to an Outperform rating. While we…
New Research: Apple (AAPL) iPhone Will Wreck RIM (RIMM)
The Apple (AAPL) iPhone may do more damage to RIM (RIMM) more quickly than most analysts think. According to Changewave’s most recent survey of 3,567 consumers, 55% of those who plan to get a…
Shaw Group Digs In Ahead of Earnings (SGR)
Shaw Group Inc. (NYSE: SGR) is set to report earnings today after the close. We have First Call estimates as being $0.63 EPS on $1.89 Billion in revenues. Estimates for next quarter are $0.73…
Sun (JAVA) Surrenders, Breaks Below $10
The shares of Sun Microsystems (JAVA) have finally slipped into the briny deep. The stocked moved under $10. The last time JAVA was that low was in 2002. Back then it traded under the…
Yahoo! Inc. Denies Yang Resignation Rumors (YHOO)
There have been light rumors floating around that Jerry Yang was going to resign from Yahoo! Inc. (NASDAQ: YHOO). We just put in a call to the company and this is a strong denial…
TransCanada Proceeds With Maine Wind Power Project (TRP)
TransCanada Corporation (NYSE: TRP) has announced that its Kibby Wind Power Project has received a final and unanimous approval for its development plans from Maine’s Land Use Regulation Commission. The company has said that…
Basic Energy Reports on June Operations; Gets Flak/Props on Grey Wolf Merger (BAS, GW, PDS, RMG)
Oilfield services company Basic Energy Services (NYSE:BAS) released its June operations report this morning. The company has increased its rig count by one over May, and thirty since a year ago. Rig utilization stands…
Boeing’s (BA) Foolish Forecast: Airline Industry Awful, Aircraft Sales OK
It would make sense that with airlines canceling flights left and right due to high oil prices that Boeing would be looking a a grim year or two. Not so. Boeing (BA) forecasts a…
Did Ken Heebner Go Mega-Bullish? (PBR, SLB)
Today we got to see Ken Heebner of CGM Funds for a quick interview on CNBC. For those of you who follow Mr. Heebner, you already know that he is deemed by most as…
Vonage & Comcast Work On Standards (VG, CMCSA, CMCSK)
Comcast Corporation (NASDAQ: CMCSA) (NASDAQ: CMCSK) and Vonage Holdings Corporation (NYSE: VG) have announced a collaborative agreement this morning to address "the reasonable networkmanagement of Internet services." Comcast committed to work together with Vonage…
Explaining the Cisco Drop (CSCO)
There have been many inquires around on Cisco Systems (NASDAQ: CSCO) this morning. There are two issues moving the stock, of which one is real and one is conjecture. CEO John Chambers gave an…
QLogic Shows Some Still Win In Tech (QLGC)
QLogic Corp. (NASDAQ: QLGC) is seeing a surge of interest this morning after the company raised its guidance. On a non-GAAP basis, QLogic expects $0.30 to $0.31 EPS, compared to the previously forecast range…
Lazard Clarifies Evergreen Solar Capital Raise, Maintains Buy Rating (ESLR)
Evergreen Solar (NASDAQ: ESLR) is a stock that has been under pressure after the company announced huge orders but then immediately turned around with a huge convertible note offering. The offering wasn’t a damning…
Top 10 Pre-Market Analyst Upgrades (CCJ, EDS, GENZ, GU, QCOM, STLD, RIG, VRSN, WB, XNPT)
These are not all of the upgrades we have seen so far this morning, but here are ten of the top positive analyst calls we have seen so far early this Tuesday morning: Cameco…
Top 10 Pre-Market Analyst Downgrades (ACE, DRIV, EIG, PAC, INTU, NOK, NCX, OMX, VMW)
There are many research calls out this morning. Here are ten downgrades or negative analyst calls we are monitoring this morning: ACE Ltd. (NYSE: ACE) Cut To Hold From Buy By Citigroup. Digital River…
IMF Does Not Like Economy’s Chances
The IMF seems to think that the global economy is going to go badly this year and worse next. According to Reuters, "With sky-high food and oil prices adding to the economic pain caused…
Merrill Lynch (MER) To Get $5 Billion For Bloomberg Stake
It looks like Merrill Lynch (MER) is about to get a big lift for its balance sheet. According to The New York Post, Michael Bloomberg is prepared to pay $5 billion for the minority…