This Week’s Top 10 Issues For Next Week
The week ended on a really sour note after the DJIA broke under that 12,000 mark and then proceeded to close under 11,900. Here is a list of ten key individual issues we think…
All Work
Douglas A. McIntyre
52-Week Low Club (WTR, BMY, CELL, DDS, EK, EXPE, GCI, GE, HST, NOK, PFE, Q, VLO, WY, WGO)
If you thought this was a bad day for the market with the DJIA trading well under that 12,000 psychological level, there were some 400 stocks that hit 52-week lows today when you include…
Midwest Floods & Fifth Third Hit Cincinnati Financial (CINF, FITB)
Cincinnati Financial Corporation (NASDAQ: CINF) issued its preliminary 2008 guidance after yesterday’s close. Based upon its insurance target market, you probably already know it is one of the stocks that has been a victim…
EU’s Cuba Sanctions Lifted, Partial Win For Herzfeld Caribbean (CUBA)
There have been numerous news reports that the European Union has lifted diplomatic sanctions against Cuba. While the lifting does include some imposed tough conditions to maintain sanction-free relations, this is probably the first…
Mini Tech Earnings Season Next Week (ORCL, RHT, RIMM, MU, PALM)
Next Wednesday we will have what almost feels like a tech earnings season, although it’s really just the end of the road before the earnings flurry picks up in mid to late July. We…
Ford (F) Says It Will Never Make Money Again
What about the idea that The Ford Motor Company (F) will never make money in North America again? Ford told Wall St for the second time in as many months that things at the…
Syntroleum & Tyson Get Tax-Free Bond Status for Dynamic Fuels Venture (SYNM, TSN)
Syntroleum Corporation (NASDAQ: SYNM) has announced that Dynamic Fuels LLC, a 50-50 joint venture between Syntroleum and Tyson Foods Inc. (NYSE: TSN), has received final approval from the Louisiana State Bond Commission for $100…
Mosaic Looks To Unload Nitrogen Fertilizer Venture (MOS)
The Mosaic Company (NYSE: MOS) and Investment Saskatchewan have announced that they are seeking a buyer for Saskferco Products Inc. This is a joint venture of Canadian government and Mosaic. Mosaic says that this…
Arlington Tankers Hires Jefferies To Explore Alternatives (ATB)
Arlington Tankers Ltd. (NYSE: ATB) has decided to review and evaluate the company’s strategic alternatives, with the hope of enhancing shareholder value. The company said its review will focus on the following: the purchase…
Detroit: To Make Matters Worse… (GM)(TM)
The car companies may be on a treasure hunt by the end of the year to improve their balance sheets with new cash. North American car and SUV sales are that and. If all…
Perma-Fix Scores Nuclear Clean-Up Subcontract (PESI)
Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) has been awarded a subcontract through its East Tennessee Materials & Energy Corporation subsidiary for waste management and facility operations at the Department of Energy Hanford, Washington Site.…
Top 10 Pre-Market Analyst Calls (APOL, BZH, CB, CTSH, FITB, IRF, PBG, SNDK, SY, SYMC, WES)
These are ten of the analyst calls we are focusing on this Friday morning: Apollo Group (NASDAQ: APOL) Raised to Outperform at Credit Suisse. Beazer Homes (NYSE: BZH) Raised To Neutral at UBS. Chubb…
Raising Rates At The Fed, Bernanke’s Limo
"We have nothing to fear but fear itself."–FDR The Fed can now fear inflation or it can fear a worsening credit crisis. The conventional wisdom is that it can only fix one. As things…
Microsoft (MSFT) Does Not Plan To Buy Anything
Now that Microsoft (MSFT) has lost its bid to buy Yahoo! (YHOO), all of the acquisition managing directors on Wall St. are hoping to get a chance to help Redmond use that $45 billion…
Reorganizing Yahoo! (YHOO) To Death
Most of the financial papers have stories about a big management reorganization at Yahoo!. A number of the top people are already hitting the doors like patrons fleeing a burning theater. According to The…
Who Will Kerkorian Sell Ford (F) To?
Ford (F) management believes that Kirk Kerkorian and his mob of friends are hanging around the car company because they think CEO Alan Mulally is doing a fine job. Ford may want to have…
Short Sellers Make Huge Bets US Financials Will Tumble As Citigroup (C) Sees More Write-Downs (LEH)(AIG)(WB)(WM)(ABK)(JPM)(GM)(F)(GE)(WMT)(MOT)(DAL)(EMC)(Q)
Citigroup’s (C) CFO says he see write-downs through the end of the year. The head of hedge fund Paulson & Co,says bank losses will hit $1.3 trillion. Write-downs at Lehman (LEH) and AIG (AIG)…
Media Digest 6/20/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, the fuel price increase in China may bolster consumption. Reuters writes that the Fed’s policy on inflation is starting to hurt the housing market. Reuters writes that the Bank of America…
Asia Markets 6/20/2008 (CN)(CHU)
Markets in Asia were mixed. The nikkei fell 1.3% to 13,942. Hitachi fell 2.3% to 776. KDDI fell 3.5% to 654000. The Hang Seng rose .1% to 22,812. China Netcom (CN) fell 2.7% to…
The 52-Week Low Club (SIRI)(XMSR)(TMA)(HUN)(CVH)(UNH)(MOT)
Thornburg Mortgage (TMA) Worries about going out of business. Down to $.22 from 52-week high of $27.82. Huntsman (HUN) Apollo walks on buy-out deal. Falls to $12.15 from 52-week high of $28.40. Coventry Health…