Ford (F) Falls On Its Sword
After over a year of saying it would make a profit in 2009, the new management at Ford (F) has given up the ghost. Once auto sales started to move down sharply the middle…
All Work
Douglas A. McIntyre
Goldman Sachs: Sirius & XM To Raise Capital (SIRI, XMSR)
Goldman Sachs has issued a research report noting that Sirius Satellite Radio (NASDAQ: SIRI) and XM Satellite Radio (NASDAQ: XMSR) are likely going to need to raise capital. The note projects that it believes…
OPEC Claims It Can Do Nothing About Oil Prices
Someone is not telling the truth about oil supply and demand. It appears to be the fellows over at OPEC. According to Bloomberg, Abdullah bin Hamad al-Attiyah, Qatar’s oil minister said The Organization of…
Suntech Scores on Earnings (STP)
Suntech Power Holdings (NYSE: STP) has posted earnings ahead of expectations. The earnings were $0.35 EPS and revenues rose 76% to $434.5 million; First Call estimates were $0.28 and $378 million. The gross margin…
Top 10 Pre-Market Analyst Calls (AKAM, AEP, AAPL, BIDZ, CHINA, FMD, LVLT, PNRA, CRM, SPLS)
These are ten of the analyst calls we are focusing on this Thursday morning: Akamai Tech (NASDAQ: AKAM) cut to Sell at Goldman Sachs. American Electric Power (NYSE: AEP) Cut to Hold From Buy…
Tearing The Guts Out Of The Sirius (SIRI) Merger With XM Satellite (XMSR)
Some of the fat cats in the Senate think that the Sirius Satellite (SIRI) merger with XM Satellite might be OK if the combined company would give up a large portion of its spectrum.…
As UBS (UBS) Gives Away The Farm, US Banks Look Very Expensive (C)(JPM)(GS)(MER)
UBS (UBS) had to raise money. The sins of its subprime addiction have come back to haunt it. US bank shareholders should shudder when they look at the pricing that the Swiss bank had…
Blacking Out The Sun: Falling In Love With Filthy Fuel
The International Energy Agency, the most well-regarded oil-price think tank in the world, says it is now concerned with whether the global supply of oil will be adequate to meet demand over the next…
Pfizer (PFE): Stop Smoking And Go Insane
It looks like Pfizer’s (PFE) anti-smoking drug Chantix makes people kick the habit but at the same time can push them toward suicide or depression. It is a hard decision whether patients want to…
Short Sellers Make Huge Bets Against Financials, Flee Tech
Short sellers are making significant bets that most financial stocks traded on the NYSE will fall sharply. Data is as of May 15 and compares to information on April 30. Short interest in Countrywide…
Media Digest 5/22/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, the Fed lower growth expectations and noted rising inflation. Reuters writes that AMR (AMR) will sharply cut the number of routes its serves and take certain planes out of service. Reuters…
Asia Markets 5/22/2008 (LFC)(SNP)
Markets in Asia were mixed. The Nikkei was up .4% to 13,978. NEC was up 3.9% to 534. Nissan was down 2.4% to 913. The Hang Seng was down 1.9% to 24,974. China Life…
The 52-Week Low Club (AMR)(LLC)(CAL)(DAL)(NWA)(UAUA)
AMR (AMR) falls after saying it will cut service to save money. Down to $6 from 52-week high of $29.32. US Air (LLC) drops as oil spikes and investors fear huge losses in airline…
FOMC Describes Recession Without Saying It
If you are hoping for already-low interest rates in the U.S. to go lower, you better look at the FOMC minutes from the last meeting. In the minutes, even though the FOMC noted that…
Why is CVS Buying $2 Billion of its Stock? (CVS, WAG, RAD)
CVS Caremark Corp. (NYSE: CVS) has announced that the company will buy back up to $2 Billion worth of common stock from time to time in the open markets during 2008 and 2009. The…
Ladenburg Thalmann Takes Poleaxe To Lehman (LEH)
Ladenburg did nothing to spare the feelings of management and employees at Lehman (LEH). It cut its price target on the brokerages stock to $38 from $48. According to Reuters, the research firm said…
AMR’s Sweeping Changes Could Set Industry Trends (AMR)
AMR Corp. (NYSE: AMR), the parent of American Airlines, has announced some sweeping changes at its annual meeting of shareholders today. More importantly than just how this affects AMR, these changes will likely set…
Gafisa (GFA): The Best Homebuilder In the Universe
The housing market in Brazil operates in a what which is beyond the wildest dreams of US homebuilders. The sector has very little leverage. A number of government programs help people obtain mortgages. The…
Top 10 Pre-Market Analyst Calls (CENT, CSUN, EP, FSLR, INTU, MDT, MU, NOV, NUE, PALM)
These are ten of the analyst calls we are focusing on this morning: Central Garden (NASDAQ: CENT) raised to Buy at Piper Jaffray. China Sunergy (NASDAQ: CSUN) raised to Hold at Jefferies. El Paso…
Worst Research Call Of The Month: Soleil Downgrades Airlines (AMR)(CAL)(UAUA)
Soleil has downgraded the airlines industry from "outperform" from "neutral". The call is not only about six months late, the downgrade should be to "sell". The firm did have the sense to downgrade AMR…