Goldman Sachs Lifts Oil Targets (GS)
Goldman Sachs Group (NYSE: GS) has raised its Brent Crude average oil prices for the years ahead. The firm has increased its price forecasts to reflect a continued tightening of global crude oil supply…
All Work
Douglas A. McIntyre
Top 10 Pre-Market Analyst Calls (AIG, BARE, CWST, DNA, GILD, MHS, SLAB, TKLC, UBS, WCA)
These are ten of the analyst calls we are seeing early this Thursday morning in early bird pre-market trading hours: American International Group (NYSE: AIG) raised to Buy at Citigroup. Bare Escentuals (NASDAQ: BARE)…
More Oil Woes In Nigeria
Shell has shut some of its oil production in Nigeria. According to CNN Money "it shut down production from an offshore oil field that produces about 200,000 barrels per day after the most powerful…
Thornburg (TMA) Problems Raise CountryWide (CFC) Issues
Thornburg Mortgage (TMA) may not make it. The mortgage lender once has a market cap of well over $5 billion. Its shares are down to $.65 and its market value is only about $100…
Verizon (VZ) Ups Broadband Speed, But Who Will Know?
Verizon (VZ) is going to make its FiOS fiber-to-the-home product deliver even faster broadband speeds. It is hard to imagine that their customers will even know. The new product will run at 50 Mbps.…
Another Private Equity Fund Shafts A Buy-Out Target
The private equity dance always looks the same now. In 2006 or early 2007, when credit was plentiful and the stock market was up 100% a year, funds would offer buy-outs of public companies…
Detroit Ostrich Farm: GM (GM) Cuts Back SUV Design
Elvis has left the building but that does not seem to matter to GM. The company is cutting back on new designs for future SUVs, the same SUVs that no one will buy. The…
Spint (S) Takes On The Apple (AAPL) iPhone
The cries of desperation can still be heard from the Sprint (S) headquarters. The company continues to lose money and subscribers. It is now a distant third in the cellular market behind Verzion Wireless…
Media Digest 6/19/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Paulson will push for more market and financial regulations. Reuters writes the Anheuser-Busch (BUD) board will meet on the InBev offer. Reuters reports that the GAO was critical of the Air…
Asia Markets 6/19/2008 Shanghai down 6.5% (LFC)(SNP)(TM)
Markets in Asia fell sharply. The Nikkei was off 2.2% to 14,130. Mazda fell 5.5% to 568. Toyota (TM) fell 3.2% to 5490. The Hang Seng dropped 2.2% to 22,807. China Life (LFC) fell…
Huntsman Merger Gets An Acid Bath (HUN)
If you thought that the mid-single digit billion dollar mergers were safe from being terminated, think again. Huntsman Corp. (NYSE: HUN) is being destroyed in after-hours trading after Hexion Specialty Chemicals announced that it…
Evergreen Solar Signs Major Green Contract (ESLR)
Evergreen Solar, Inc. (Nasdaq: ESLR) has rewarded its investors with the announcement that it has signed two new long-term sales contracts valued at approximately $600 million. The agreements are with groSolar in the U.S.…
When Defensive Stocks Fail Too (PEP, KO, BUD, TAP, KFT, CAG, CPB, HRL, MCD, MO, PG, CL, MRK, JNJ)
It used to be that DEFENSIVE STOCKS were the way to go during periods of uncertainty and during times of market sell-offs. But now that isn’t even working out. After we looked at our…
The 52-Week Low Club (RF)(STI)(TSO)(VSE)(FITB)
Regions Financial (RF) Another beating for bank stocks. Down to $10.75 from 52-week high of $34.60. SunTrust Banks (STI) More regional bank pain. Drops to $$35.95 from 52-week high of $90.90. Tesoro Corporation (TSO)…
Wind ETF Launch: First Trust ISE Global Wind Energy ETF (FAN)
There was an interesting ETF launched today on the NYSE Euronext as a Wind Energy ETF. The First Trust ISE Global Wind Energy ETF (NYSE Arca: FAN) launched today. This index has a criteria…
Dismal IPO Debuts: Britannia Bulk & RHI Entertainment (DWT, RHIE)
Today’s IPO activity resembles on of two things: 1) summer isn’t a good time to come pblic, or 2) teh IPO just stinks right now. We had two separate IPO’s come to market in…
Open Letter To Michael Reed, CEO, Gatehouse Media (GHS)
Dear Mr. Reed, It is time to eliminate the Gatehouse (GHS) dividend. With the company’s stock at a 52-week low, and down 86% from the period high, Wall St. does not believe that Gatehouse…
Bank Crisis Only 33% Over (C)(BAC)(UBS)
Wall St. almost always takes the public proclamations of hedge funds and short sellers with a grain of salt. But, some of the recent negative comments about Lehman Bros. may well have turned out…
Lindsay Sell-Off Hits Valmont Unusually Hard (LNN, VMI)
Lindsay Corporation (NYSE: LNN) is seeing a severe reaction to its earnings report this morning. In fact, the fallout is hitting competitors rather hard as well. We first noticed this one over in our…
GM (GM) Chapter 11 Odds Moving Up To 25-To-1
Last week, 24/7 Wall St. listed GM’s (GM) odds of filing Chapter 11 between now and the end of the year at 30 to 1. Wall St. seems to think things are getting worse,…