Lehman Trims European I-Bankers (UBS, CS, DB)
In a call overseas earlier this morning, Lehman Brothers decided to cut its target prices on some select European investment banks. Here are three of the investment bankers that are traded in the U.S.:…
All Work
Douglas A. McIntyre
Top 10 Pre-Market Analyst Calls (ASMI, ATAI, CCI, EMC, GNA, NFLX, NRG, PDS, TER, WGOV)
These are not the only analyst calls out there, but these are ten calls affecting stocks this Tuesday morning: ASM Intl NV (NASDAQ: ASMI) started as Underperform at Jefferies. ATA Inc. (NASDAQ: ATAI) started…
Home Depot (HD) Gets Dragged Beneath The Waves
It was impossible for Home Depot (HD) to post good earnings. It relies too much on the troubled housing industry. But, its earnings were cut by a huge amount, a signal that home building…
GE (GE)’s Asia Play Moves Off Track
Part of the long-term thinking at GE (GE) has been that, as the US economy slowed, emerging markets in Asia would drive double-digit returns. GE’s international business would more than make up for any…
Netflix (NFLX): On More Box For The Top Of The TV
In many homes, the TV is topped by a cable box, a DVR, a satellite box, a PC, a Slingbox, and an Unbox from Amazon (AMZN). Netflix (NFLX) thinks that television can hold the…
Banks: Brother Turns Against Brother (C)(WB)
Banks are supposed to be one another’s friends. The all have the same problems now. They are all lobbying for the same relief. They often share customers. When they compete, the Marguess of Queensbury…
New Survey: Airline Passengers Hate Airlines
Sometimes surveys are unnecessary. The results are foregone and obvious. Saying that airline passengers hate the carriers that take them around for business and pleasure is plain to anyone who has boarded a plane…
US Government Low-Balls Food Inflation Numbers
The US government now says that food prices will rise 5.5% this year. The previous forecast was 4.5%. According to The Wall Street Journal "The forecast released Monday by the Agriculture Department is the…
Eating Yahoo! (YHOO) Piece By Piece
Microsoft (MSFT) could not buy Yahoo! (YHOO), so now it is proposing to purchase just a piece. It wants to get the portal company’s search engine business and leave Yahoo! with its content portal…
A Sale Of Lehman (LEH)? More Jobs Lost On Wall St.
What is for sale on Wall St.? It depends on who one wants to believe. Some rumors are false and may be planted for nefarious reasons. Others are true, but their truth is not…
Media Digest 5/20/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Microsoft (MSFT) is proposing to buy Yahoo!’s (YHOO) search business. Reuters writes that Barclays (BCS) is looking at a possible bid for Lehman (LEH). Reuters reports that customer satisfaction with airlines…
Asia Market 5/20/2008 (DCM)(CHL)(SNP)
Markets in Asia were mostly down The Nikkei fell .8% to 14,160. Kobe Stell was up 7% to 368. Docomo (DCM) was down 2.5% to 156000. The Hang Seng was off 2.5% to 25,109.…
US Makes Progress On Oil Consumption, But Too Late
Is the US breaking its heroin-like attachment to oil? Maybe. In America, people are using more fuel-efficient cars, more ethanol. and less oil. According to the FT "The country’s foreign oil dependency is expected…
Newspapers: Bad News With One Exception (NYT)(GCI)
Newspapers continued their march into oblivion with one tiny bright spot, the internet revenue for The New York Times. Reporting April numbers, NYT said the the internet revenue in its newspaper group rose 25.6%…
Insider Watch: First Solar CEO Unloads Millions In Stock (FSLR)
As part of a 10b5-1 trading plan, First Solar Inc. (NASDAQ: FSLR) has seen its CEO Michael Ahearn unload roughly 250,000 shares of common stock. As of the last filing, he still held some…
Can Solarfun Live Up to Expectations? (SOLF)
Solarfun Power Holdings Co. Ltd. (NASDAQ: SOLF) has been on an absolute tear over the last week. The Chinese PV cell manufacturer will release earnings before the open this Wednesday (May 21). On May…
Union Drilling To Tap Capital (UDRL)
Union Drilling, Inc. (NASDAQ: UDRL) has filed to sell up to 15,726,540 shares of common stock in a secondary offering. The company will sell up to 5,000,000 shares and the rest will come from…
Amgen, Finally Some Good News (AMGN, MRK)
Shares of Amgen Inc. (NASDAQ: AMGN) are seeing a small gain in after-hours trading. The troubled biotech giant announced that findings from its head-to-head, double-blind trial comparing the effects of denosumab in post-menopausal women…
Nucor Taps Capital After a Huge Run (NUE)
Nucor Corporation (NYSE: NUE) is going to pursue a public offering of 25,000,000 shares of common stock and it granted underwriters an over-allotment option of up to an additional 3,750,000 shares. This offering is…
The 52-Week Low Club (RBS)(NEXC)(UAL)(ICON)
Royal Bank of Scotland (RBS) Warren Buffett will not bid of bank’s insurance unit. Down to $5.87 from 52-week high of $11.50. Nexcen Brands Inc (NEXC) Company accountants give a "going concern" opinion. Drops…