Micron Dribbles Earnings (MU)
Micron Technology, Inc., (NYSE:MU) posted earnings at -$0.30 EPS on net sales of $1.5 Billion. First Call had estimates at -$0.28 EPS on $1.47 Billion in revenues. The company generated $217 million in cash…
All Work
Douglas A. McIntyre
Icahn Files Proxy Against Yahoo! (YHOO)
Carl Icahn has made his proxy filing today with his formal nominees for the Yahoo! Inc. (NASDAQ: YHOO) board of directors. His stake is also listed as holding 4.98% in the company. His new…
The 52-Week Low Club (SIRI, XMSR, C, BAC, AIG, LEA, RAD, GM, OSK, UAUA)
Oshkosh (OSK) Comes out with extremely week outlook. Sells down to $22.20 from 52-week high of $65.83. GM (GM) Big sell rating and possible credit rating downgrade. Economy catches up to Detroit. Makes multiyear…
Oil At $140, One Share Of Exxon (XOM) Buys A Tank Of Gas
Every time the market thinks oil won’t go higher, it does. Today it hit $140. To be fair, OPEC president Chakib Khelil said oil could reach $150 to $170 this summer. At the current…
No On Cares About Yahoo! (YHOO)
Almost every financial news outlet and website ran the news that Yahoo! (YHOO) was realigning its management. The portal company said "The moves support its strategy to be the starting point for the most…
Hyper-V: VMware Vs. Microsoft, OR VMware & Microsoft? (MSFT, VMW, CTXS)
Microsoft Corp. (NASDAQ: MSFT) might be getting more attention over its virtualization launch of Hyper-V if it wasn’t for the market. This is being interpreted as the equivalent of "Public Enemy #1" to VMware…
Video: Game, Set, Match To YouTube (GOOG), MySpace (NWS) Hammered
If a company is in the video business, and it is not Google (GOOG) YouTube, it might as well shut down. According to new numbers from HitWise YouTube had over 75% of the US…
Wall St. Today, Panic Sets In (AAPL, GM, GE, RIMM, ORCL, BAC, C, CFC)
Today’s selling does not look orderly like it has on many other down days this year. The drop is across almost every sector and most widely-traded shares. Much of it is out of proportion…
IPO Pricing: Navios Maritime Acquisition Corporation (NNA.U, NM)
Navios Maritime Acquisition Corporation (NYSE: NNA.U) has priced its IPO of 22,000,000 units at a price of $10.00 per unit for aggregate gross proceeds of $220,000,000. Each unit represents one share of common stock…
Second Wind ETF Launch (IVZ, PWND, FAN)
If one ETF for covering the global trend towards wind power wasn’t enough, we have the announcement of a second wind energy ETF. Invesco’s (NYSE: IVZ) PowerShares Capital Management ETF unit has announced the…
Sequenom Holds Up Well On Secondary Offering (SQNM)
Sequenom, Inc. (NASDAQ: SQNM) has priced its public secondary offering of 5,500,000 shares of common stock at a price of $15.50 per share, and underwriters have a 30-day option to purchase up to an…
Xinhua Finance Media Insiders Buying Shares (XFML)
Xinhua Finance Media Limited (NASDAQ: XFML) has been a troubled stock of late. The Chinese news agency has been plagued with problems, scandal, and controversy almost since day one after its IPO. The company…
Synchronoss Lands Time Warner Cable As Customer (SNCR, TWC)
Synchronoss Technologies, Inc. (NASDAQ: SNCR) has announced that its ConvergenceNow platform has been selected for the activation and lifecycle management of Time Warner Cable’s (NYSEL TWC) triple play offering for online transactions. While financial…
Top 10 Pre-Market Analyst Calls (CPST, CHKP, RIO, COCO, ETR, GM, IDTI, MGM, PCG, TEN)
These are ten of the individual analyst calls we are looking at from Wall Street this Thursday morning: Capstone Turbine Corp. (NASDAQ: CPST) started as Buy at Broadpoint Capital. Check Point Software (NASDAQ: CHKP)…
Key Analyst Calls: Financial Stocks (BCS, C, CYN, GS)
These are some of the calls in the financial sector that are impacting shares at major financial companies this Thursday morning: Barclays (NYSE: BCS) Raised to Overweight at Morgan Stanley. Citigroup (NYSE: C) downgraded…
As European Central Bank Prepares Rate Increase, Fed May Have Bungled
The Fed sat still yesterday. It could not decide which was worse, inflation or the slowing economy. It tried to play Solomon and offered to cut the baby in two. It did not see…
The Word “Default” Enters Detroit’s Lexicon
Three years ago, rating firms like Moody’s were talking about the chances that one of the "Big Three" automakers might have to file Chapter 11. That seems like a long time ago. The cause…
Oracle (ORCL) And RIM (RIMM): Tech, Large And Small, Is Doing Fine
Wall St. focused on earnings forecasts from Oracle (ORCL) and RIM (RIMM) and thought the numbers were a bit light. That turned traders against the shares of both companies, but that is a mistake.…
Citigroup (C): Another $9 Billion In The Hole?
Goldman Sachs researchers have decided that Citigroup (C) could lose another $9 billion in the second quarter. The big money center bank does not have that kind of capital on hand. According to Reuters,…
BUD: An Ethical Lapse By The Board
Anheuser-Busch (BUD) is threatened by an InBev takeover like its home city of St. Louis is menaced by the rain-swollen Mississippi. But, BUD took its first step to save itself by rejecting InBev’s $46.3…