OPEC: India And China Will Keep Oil High
OPEC would still like its critics to believe that the level of its supply of oil to the world has nothing to do with crude prices. OPEC President Chakib Khelil still blames the dollar…
All Work
Douglas A. McIntyre
The 24/7 Wall St. Bankruptcy Odds Watch II (AMR)(UAUA)(NWA)(GHS)(DAL)(LHS)(LEH)(CAL)(WB)(F)(MNI)(AIG)
There are the 24/7 Wall St. odds that several companies will have to file for Chapter 11 between now and the end of the year. These will become a permanent part of the website…
Google (GOOG): The Failure Of YouTube
By Google’s (GOOG) standards, YouTube was not a terribly expensive acquisition. The search company’s market cap is about $170 billion. It paid less than 1% of that for the world’s largest video site. But,…
Citigroup (C): Another $8 Billion In Write-Offs
Citigroup (C) may be facing another $8 billion in write-downs in the second quarter. It may also cut 18,000 people soon and have to raise more capital. According to The Times, "Although Citi has…
Europe Banks Head Back To The Trough (C)(BAC)(WB)(MER)(LEH)
Europe’s banks need to head back out on the fund-raising circuit. They may have to bring in as much as $141 billion, according to Goldman Sachs. Reuters writes that this capital will be necessary…
This Week’s BioHealth & Biotech Top Stories
We saw another exciting week full of news for key developments in drug stocks, biotech stocks, medical device stocks, and other companies involved in various aspects of health care and medicine. Below are some…
Starbucks (SBUX): The Mess Gets Worse
Twelve thousand souls are losing their jobs at Starbucks (SBUX), mostly because Howard Schultz let incompetents run his empire while he was occupied elsewhere. It will always be open to debate whether things would…
Media Digest 7/4/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Goldman Sachs said European banks may have to raise another 60 billion to 90 billion euors to reach an aggregate Tier I ratio of 9 percent. Reuters reports that Caterpillar (CAT)…
Asia And Europe Markets 7/4/2008 (ALU)(DB)(BCS)(CN)(SNP)
Market in Asia were mixed The Nikkei fell .2% to 13,238. KDDI was down 2.7% to 632000. Mazda was up 4.6% to 550. The Hang Seng was up .7% to 21,424. China Netcom (CN)…
The 52-week Low Club (UNH)(FRE)(CDE)(NVDA)
Unitedhealth Group (UNH) Lay-offs and lowered forecast. Down to $22.72 from 52-week high of $59.46. Freddie Mac (FRE). Concern that market conditions will make firm raise more money. Drops to $14.35 from 52-week high…
This Week’s Worst Analyst Calls (MER, GM, GS, UAUA)
There were two ghastly research calls this week from separate firms on separate companies. While one is more severe than the other, these two analyst downgrades are essentially a tie for the severity of…
GM (GM) May Market Mini-Car In US
BMW has the Mini Cooper. Now GM (GM) plans to bring its own brand of mini into the US. GM will probably import its Chevrolet Beat to America to offer a car which gets…
Penn Actually Wins In Merger Implosion (PENN, FIG)
Penn National Gaming Inc. (NASDAQ: PENN) has been considered a dead merger for quite some time, yet it only officially became a dead merger this morning. This was the last of the big multi-billion…
Strong Analyst Defense of NVIDIA Against The Analyst Pack (NVDA)
While NVIDIA (NASDAQ: NVDA) is being battered and tattered in trading, one analyst has decided that today’s fire sale in the stock is creating an opportunity. American Technology Research has decided to Reiterate its…
Doubting Thomas Review Of “In-Line” Jobs Data
If you look at today’s jobless numbers and loss of jobs, it really looks OK on the surface. The numbers are close enough when you consider how the calculations (which we are expected to…
Top 10 Pre-Market Analyst Calls (AET, AA, ACI, JEC, GEOY, LLL, NUE, NVDA, BTU, UNH)
These are ten of the individual analyst calls seen out there this Thursday morning ahead of a 3-day weekend: Aetna (NYSE: AET) cut to Sell at Goldman Sachs. Alcoa (NYSE: AA) Raised from Sell…
Towers Raised at RBC (AMT, CCI, SBAC)
This morning we have seen an upgrade in the communications towers sector. RBC Capital Markets took the entire group from a Sector Perform rating to a higher Outperform rating. Among the stocks raised were…
Yahoo! (YHOO) Looks At AOL (TWX)
In a fit of desperation not rivaled since the Grande Armee retreated from Moscow, Yahoo! is trying to find a refuge from onslaughts by Carl Icahn, Microsoft (MSFT), and its own employees who check…
With Concerns Of A GM (GM) Bankruptcy, Can AMR Be Far Behind?
The distance from Detroit to Dallas is about 1,200 miles, but the two towns might as well be twin cities. Yesterday, a prediction that GM (GM) could go bankrupt set off panic among the…
How To Solve The Gas Price Crisis
The solution to gas prices is almost right under the noses of those looking for solutions. A fourteen hour plane ride to India or China will do it. The retail price of gas in…