This week on Stockhouse April 21 – 25
U.S. stocks fluctuated this week on record oil, mixed earnings Wall Street was down at the beginning of the week due to two consecutive days of record-breaking oil prices and weak earnings in the…
All Work
Douglas A. McIntyre
A Bet The Fed Is Done Lowering Rates
The yield on two-year Treasury notes has hit a level not seen since 2001, a big gamble by traders that the Fed is done cutting rates. According to Bloomberg "Ten-year note yields climbed a…
As UK Oil Workers Strike Oil Panic Spreads (BP)
One of the big oil pipelines in the UK has been shut down by a strike giving oil bulls another reason to predict higher crude prices. According to Reuters "A pipeline carrying nearly half…
As Eos Goes Under Risks Rise At AMR (AMR)(DAL)(UAUA)(CAL)(NWA)
Eos was an extremely odd duck of an airline. It flew only one route, from New York’s JFK to London. It was an all business class affair, but, with a recession in full-swing flying…
US Says Russia And China Weak On Piracy
The U.S. Trade Representative said that Russia and China had been put on a list of countries that do not do enough to fight piracy of intellectual property. American officials said the two countries…
Wachovia (WB) Looked At For Laundering Drug Money
Wachovia (WB) may have taken deposits from drug cartels. The Wall Street Journal reports that the government probing the bank for "alleged laundering of drug proceeds by Mexican and Colombian money-transfer companies." Perhaps the…
AMR (AMR) Looks For Partner Before Trouble Worsens
AMR (AMR), parent of American Airlines, is in talks with US Air about a merger. Based on balance sheet and stock price performance AMR needs a partner more than most of the other large…
The 52-Week Low Club (AAI, HRZ, IAR, LEE, NTGR, PAY, UCBH, VDSI)
Despite the recovery we have seen, many stocks are still hitting 52-week lows. Some of the names this Friday were as follows, just keep in mind that not all of these actually closed on…
Philip Morris International Files To Tap The Liquidity Well (PM, MO)
Philip Morris International Inc. (NYSE: PM) has just filed a shelf registration that would allow the international tobacco giant to sell debt securities and warrants to purchase debt securities. As this will be the…
Short Sellers Exit Apple (AAPL)
Maybe some of the investors short Apple (NASDAQ: AAPL) figured the company would have a good quarter. Shares sold short in the consumer electronics firm fell 3.8 million shares to 18.4 million shares. The…
Dell (DELL): Short Sellers Show The PC Firm Disrespect
David Herro, Harris Associates’ chief investment officer, recently said that he loves Dell (NASDAQ:DELL) as an long-term buy. A lot of short sellers don’t see it that way. The short interest in Dell rose…
Sun Microsystems (JAVA): The Short Position Builds
The short position in Sun Microsystems (NASDAQ: JAVA) is moving up, For April 15, it jumped by 6.0 million shares to 33 million. The was the sixth largest move up among all stocks traded…
Short Seller Make Killing In Starbucks (SBUX)
Starbucks (NASDAQ: SBUX) has become a short seller’s dream. Shares sold short in the company moved up by 4.9 million to 39.8 million on April 15 compared to the figures on March 30. Those…
Sirius (SIRI): The Shorts Pile In
Short sellers have fallen in love with Sirius Satellite (NASDAQ: SIRI). Actually, they were already in love. It has moved to infatuation. The short interest in SIRI sky-rocketed for the period ending April 15…
Vonage ‘May’ Have Financing Set Up (VG)
Vonage Holdings Corp. (NYSE: VG) has signed a non-binding letter of intent with "a third party financing source" to provide $215 million in a private debt financing. The company noted that about two-thirds of…
Vulture IPO: Hatteras Prices IPO (HTS)
Hatteras Financial Corp. (NYSE: HTS) has priced its initial public offering of 10 million common shares and should open shortly after the open this Friday morning. The offering priced at $24.00 per share, which…
Hansen Combats Short Sellers With Larger Buyback Program (HANS)
Hansen Natural Corporation (NASDAQ:HANS) has announced a new share buyback program for up to $200 million of its own common stock. The Board of Directors has thus terminated the previous stock buyback plan that…
Oppenheimer’s Lack of Enthusiasm for Ethanol (AVR, PEIX, VSE)
Oppenheimer has initiated coverage of the down and out US-ethanol sector, and the group was given a lackluster "Perform" rating. "Perform" ratings have been assigned to Aventine Renewable Energy (NYSE: AVR), Pacific Ethanol (NASDAQ:…
Top 10 Pre-Market Analyst Calls (AET, BIDU, F, JNS, IPG, LOW, HD, NEM, NOC, RSH, VM)
These are ten of the top calls we see affecting shares this Friday morning in the early pre-market trading hours: Aetna (NYSE: AET) raised to neutral at Credit Suisse. Baidu.com (NASDAQ: BIDU) raised to…
AirTran Raises Much Needed Cash (AAI)
AirTran Holdings Inc. (NYSE: AAI) has priced $65 million a 5 1/2% convertible Senior Notes due 2015. The company is also given underwriters a 30 day overallotment option for $9.75 million additional in notes. …