Greenspan, Out Of Touch With Reality, Prattles On
Now that Alan Greenspan has returned from his book tour, he spends his days at the race track. His family pins a note on his shirt so that the other patrons know where to…
All Work
Douglas A. McIntyre
Eastman Kodak Shrinking Itself After IRS Refund (EK)
Eastman Kodak Co. (NYSE: EK) has a few developments this morning that are acting to help the stock. For starters the company has announced a $1 Billion share repurchase program, which is close to…
Oil & Gas Top Analyst Calls (CPX, FSYS, KEG, PXD, STO)
These are some of the analyst calls impacting oil and gas related shares so far this morning from Wall Street research firms: Complete Production Services (NYSE: CPX) Raised To Overweight By JP Morgan; shares…
Reliance Steel Surges To All-Time Highs on Guidance (RS)
Reliance Steel & Aluminum Co. (NYSE: RS) is seeing a surge in pre-market trading this Tuesday after the company raised its guidance. Reliance expects its earnings to now come in a range of $2.00…
As Inflation Rises, Productivity Moves In To Save Economy
The market took the UPS (UPS) news hard. High fuel prices and slowing customer demand made the company cut its earnings forecasts, just as rival Fedex (FDX) did a week ago. According to MarketWatch:…
Could Wall St. Lose 200,000 Jobs?
Executives recruiters are estimating that total lay-offs at major Wall St firms could rise to 175,000 or more. Bloomberg writes that "As more employees are fired, workforce reductions may exceed those from the market…
Advanced Battery Tech Signs $5M Pact In China (ABAT)
Advanced Battery Technologies, Inc. (NASDAQ: ABAT) has signed a contract with Quanzhou Hongtian Science & Technology Development Co., Ltd. (QHSTD) in a deal valued at some $5 million. Advanced Battery Technologies, Inc. develops, manufactures,…
Top 10 Pre-Market Analyst Calls (ADBE, CRL, GEOY, NOKU, HUN, IVGN, LRCX, NVO, RTN, YHOO)
These are not all of the calls we are seeing in pre-market coverage, but these are ten of the calls impacting shares this Tuesday morning: Adobe (NASDAQ: ADBE) raised to Overweight from Equal Weight…
Apple (AAPL) 3G iPhone Cheap To Make
For those who were worried that Apple (AAPL) might not make money on the new 3G iPhone, not to worry According to BusinessWeek, research firm iSuppli has analysis that shows the total cost of…
Earlybird TMT Analyst Calls (ADBE, AEIS, ASML, CLWR, DT, LRCX, MVL, TI, VRGY, YHOO)
These are the early bird calls we are seeing in telecom, media, and tech: Adobe Systems (NASDAQ: ADBE) raised to Overweight from Equal Weight at Morgan Stanley. Advanced Energy Industries (NASDAQ: AEIS) raised to…
Credit Suisse Starts Homebuilder Coverage (CTX, DHI, KBH, MDC, NVR, HOV, MTH)
Credit Suisse has issued a new coverage rating systems for its homebuilder universe. These are some of the calls we saw in the sector: Centex (NYSE: CTX), DR Horton (NYSE: DHI), and KB Home…
Motorola (MOT): A Quick Break-Up For A Profit
Motorola (MOT) hit a 52-week low today. Make that a multiple year low, at $7.36. Piper Jaffray downgraded the stock last week. The question about the company is whether it is worth more than…
The Fed: Raising Rates To Make The Consumer Feel Better
The Fed could raise rates to make the consumer feel better. Lowering rates has not helped him. As the agency has cut interest rates to moderate the credit crisis, banks and brokerages have been…
UPS (UPS): The Power Of Productivity
The market took the UPS (UPS) news hard. High fuel prices and slowing customer demand made the company cut its earnings forecasts, just as rival Fedex (FDX) did a week ago. According to MarketWatch:…
GM (GM): An “Interest Free” Myth
There is no more such a thing as "interest free" car loans than there is Big Foot in the northern forests. There may be tracks in the snow, but, out beyond the tree-line, there…
Media Digest 6/24/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, a proposal from the SEC would cut the role of credit rating agencies. Reuters writes that United (UAUA) will lay-off 950 pilots. Reuters reports that GM (GM) will cut truck output…
Asia Markets 6/24/2008 (SNE)(SNP)
Markets in Asia were mixed. The Nikkei was down a fraction to 13,850. Nippong Steel was down 2.5% to 565. Sony (SNE) was down 1.4% to 5000. The Hang Seng was off .7% to…
Gushan Insiders Already Cashing Out (GU)
Gushan Environmental Energy Limited (NYSE: GU) has filed to sell up to $100 million in ordinary shares, which it notes as having a HK$0.0001 par value (HONG KONG). This notes that selling shareholders are…
Amazon.com Follows UPS Lower (AMZN, UPS)
Shares of Amazon.com (NASDAQ: AMZN) are trading lower in after-hours trading. The company hasn’t issued any new news, but the problem is that United Parcel Service (NYSE: UPS) gave an earnings warning. The tie…
UPS Follows FedEx Warning (UPS)
United Parcel Service, Inc. (NYSE: UPS) is currently halted on NYSE trading. Big Brown decided it better follow the lead of FedEx Corp. (NYSE: FDX) and come clean with an earnings warning. You can…