The 52-week Low Club (TELK)(CC)(MBI)(NWA)(OMX)(GM)
Telik (TELK) Someone selling out of the stock in big numbers. A mystery wrapped in an enigma. Down to $1.24 from 52-week high of $4.96. Circuit City (CC) Still selling off after big loss.…
All Work
Douglas A. McIntyre
Getting The Bad News Out Early In The Day: Recession And Oil
One of the head investment strategists at Merrill Lynch thinks the stock market is heading lower, perhaps much lower. "The Standard & Poor’s 500 Index has never reached a low within the first three…
SunPower Reclassifying Convertible Debt (SPWR)
SunPower Corporation (NASDAQ: SPWR) price of its common stock on at least 20 of the last 30 trading days during the fiscal quarter ending June 29, 2008 has equaled or exceeded $70.94, which represents…
GE Maintains 10% to 15% Infrastructure Growth Target (GE)
Reuters has run a piece this morning commenting from an email interview from the Reuters Singapore desk with questions to John Rice, chief executive and vice chairman. The conglomerate is maintaining a 10% to…
Top 10 Pre-Market Analyst Calls (AGO, BRCM, CMI, IBM, JCP, MBI, MF, MOT, NOV, VISN)
These are ten of the analyst calls we are focusing on this Monday morning in the early pre-market trading hours:Assured Guaranty Ltd. (NYSE: AGO) started as Buy at UBS.Broadcom (NASDAQ: BRCM) started as Neutral…
A Set-Back For Google’s (GOOG) Handset Hopes
Google (GOOG) is trying to get out a bunch of wireless handsets with its Android software. But, log-jams and competing agendas are hurting that. The first products were supposed to to be out in…
Nokia (NOK) Joins The Great Masses Chasing Apple (AAPL) And Pamela Anderson
Nokia (NOK) will join the scores of consumer electronics companies which have lost billions of dollars on the Hollywood walk of fame. It is not enough that Nokia has 40% of the global handset…
Bunge (BG) Bets The Farm, Doubles Down On Corn
Bunge (BG), which has a big business in finished corn products, is buying Corn Products International (CPO) for $4.4 billion. CPO’s name pretty much says how it makes its money. The price is a…
Google’s (GOOG) High Reputation Could Ruin Share Price
Google (GOOG) is now the US company with the highest reputation, at least according to the annual Harris Interactive Reputation Quotient poll. According to Reuters, "Largely for its reputation for treating workers well, Google…
News Corp (NWS) Can’t Keep Its Advantage: Facebook Passes MySpace
The two largest online social networks are Facebook, which is a private company, and MySpace, which is owned by News Corp (NWS). MySpace has always been the larger property. Facebook was a distant second,…
Wall St., Now Dead, Gets An Obit (LEH)(MER)(C)(GS)
The last round of earnings for Wall St. firms showed that the financial industry was in bad shape and getting worse. That has been followed by news that the brokerage executives who said in…
This week on Stockhouse June 16–20
Stocks mixed on oil, financials, and economic data this week Wall Street started the week mixed, as the lower price of oil was overshadowed by weak economic news. The financial sector put pressure on…
The Idiots At Harvard Look At Housing
Researchers at Harvard have looked at the housing crisis and say that it will be bad, very bad. According to Reuters, "A two-year home price drop is eating into housing wealth, curbing consumer spending…
Media Digest 6/23/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, a new survey put Google (GOOG) first in reputation among US companies. Reuters reports that gas prices climbed to a record $4.10. Reuters writes that Bunge ((BG) will buy Corn Products…
Asia Markets 6/23/2008 (CHL)(SNP)
Markets fell in Asia. The Nikkei was off .6% to 13,857. Mizuho Trust was off 3% to 192. NEC was down 2% to 597. The Hang Seng fell .4% to 22,647. China Mobile (CHL)…
As Sirius (SIRI) Drops Below $2, Market Questions It Survival
Even with the news that the FCC is almost certain to approve the Sirius (SIRI) merger with XM Satellite (XMSR), shares in the company hit a 52-week low of $1.97. The stock is off…
Saudis To Increase Flow Of Oil
CNBC is reporting that The Saudis will increase oil production capacity gradually over the next year according to a senior advisor to the Minister of Petroleum at the Jeddah Energy Meeting in Saudi Arabia,…
Oracle Braces For Earnings (ORCL)
Oracle Corp. (NASDAQ: ORCL) is set to report earnings this coming Wednesday. This will be the stock used by analysts to judge the strength of enterprise business spending for technology. The First Call estimates…
R-I-M Set For Earnings (RIMM, AAPL, PALM)
The entire cell phone and electronic gadget market is going to brace for Research In Motion Ltd. (NASDAQ: RIMM) earnings on Wednesday afternoon. While the companies are grossly different, you can expect that traders…
Sprint (S): From Dire To Desparate
Turning around Sprint (S), which has been getting harder, may be moving into the "impossible" column. The company recently showed up in the MSN Money customer satisfaction survey as one of the ten worst…