SPAC/Blank Check IPO Filing: GF Acquisition Corp. (GFX)
Last night, we saw another SPAC IPO filing with the SEC. GF ACQUISITION CORP. filed as a Specialty Purpose Acquisition Company to come public via a sale of 8 million units at $10.00 per…
All Work
Douglas A. McIntyre
The 52-Week Low Club (DAL)(AMR)(LCC)(UAUA)
Delta Air Lines Inc (DAL) Fuel costs, faltering earnings. Drops to $6.70 from 52-week high of $21.85. AMR (AMR) Another airline. Sells off to $7.05 from 52-week high of $29.47. US Airways Group (LCC)…
CostCo (COST): As Inflation Rises, Food Hoarding Begins
Shoppers are raiding CostCo (COST) for rice and wheat. At least the are paying for it, for the time being anyway. The discount retailers CEO says that "enough is enough". CostCo is prepared to…
Yahoo! Earnings Likely A Sideshow (YHOO, MSFT)
Yahoo! Inc. (NASDAQ: YHOO) reports earnings today after the close, and hopefully we get one more glimpse of what is going on inside Jerry Yang’s head. The search engine and content giant is expected…
OPEC Could Increase Production 5 Million Barrels A Day By 2012
AFP is reporting today that OPEC’s secretary general, Abdalla Salem El-Badri, has stated that the cartel "plans to lift production capacity by five million b/d by 2012." El-Badri’s also noted that OPEC planned to…
Apple (AAPL): The Mac Finally Moves Beyond Consumers, Sells To Small Businesses
The knock on sales of the Apple’s (AAPL) Mac has been that they are limited to consumers, colleges, and media companies. But, as Mac purchases grow at a rate of close to double that…
More Bad News from the Oil Patch (BHI, BJS, SII)
Three more oil field services companies reported earnings today, and there isn’t much good news in any of the announcements. Baker Hughes (NYSE:BHI) reported EPS of $1.27, which includes a one-time gain of $0.06/share,…
Intrepid Potash IPO Set To Trade (IPI)
Last week, Intrepid Potash Inc. (NYSE: IPI) went from a hot IPO to a scorcher in the agriculture and fertilizer sector. That was after the price target and share offering were hiked considerably. The…
AT&T (T) Up On Big Wireless, Fiber Increases: Bad News For Cable And Sprint (S)
AT&T (T) had a good quarter, powered by its wireless service. For the quarter ended March 31, 2008, AT&T’s revenues totaled $30.7 billion, up 6.1 percent versus reported results in the year-earlier quarter. The…
Lehman Brothers Initiates Major Tech (AAPL, DELL, EMC, HPQ, IBM, NTAP, JAVA)
Lehman Brothers has initiated major technology companies in new analyst coverage this morning. The broker has a mixed call in the sector. Overweight rated stocks are Apple, Inc. (NASDAQ: AAPL) with a $195.00 target;…
Good Eats At McDonald’s (MCD)
McDonald’s (MCD) had a blow-out quarter. Global comparable sales increased 7.4%, Revenue rose 6% to $5.615 billion. Operating income was up 24% to $1.463 billion. Earnings per share were $0.81, up 31% versus $0.62…
Top 10 Pre-Market Analyst Calls (ADS, GRMN, HST, JEF, MHS, NCC, RHT, CRM, BRLC, VLTR)
These are some of the top analyst calls that we are focusing on this Tuesday morning in pre-market trading hours: Alliance Data (NYSE: ADS) raised to Overweight at JPMorgan. Garmin Ltd. (NASDAQ: GRMN) started…
Europe Markets 4/22/2008 (BCS)(RBS)(DB)(FTE)
Markets in Europe were up modestly. The FTSE rose .3% to 6,069. Barclays (BCS) fell 4.1% to 458.75. RBS (RBS) fell 4% to 357.75. The DAXX was up .3% to 6,807. Deutsche Bank (DB)…
RBS (RBS) News No Encouragement For US Banks
Royal Bank of Scotland (RBS) will raise as much as $24 billion to bolster its capital position, a dubious record which US banks will not want to match anytime soon. The big UK bank…
NYSE Shorts Move Out Of Big Banks And Into Autos And Airlines: Looking For Chapter 11?
The mid-month reports on short interest in NYSE shares showed that many short sellers moved out of big financial stocks but made large bets against airlines and auto companies. With the prices in these…
Medial Digest 4/22/2008 Reuters, WSJ, NYTimes, FT, Reuters
According to Reuters, earnings from Texas Instruments (TXN) disappointed investors and the company issued a weak forecast. Reuters report that RBS (RBS) will raise $24 billion to help the bank which is likely to…
Editor Of Wall Street Journal (NWS) Leaves
The executive editor of The Wall Street Journal has resigned. Marcus Brauchli had been in his post about one year. The Wall Street Journal is owned by News Corp (NWS) Douglas A. McIntyre
Asia Markets 4/22/2008 (CHL)(SNP)
Markets in Asia were mixed The Nikkei fell 2% to 13,548. NIkon was off 3.8% to 2915 Nomura was down 3.9% to 1639. The Hang Seng was off .1% to 24,704. China Mobile (CHL)…
Citigroup (C) Turns To Hewlett-Packard (HPQ) For Crisis Management
Things were bad at HP (NYSE: HPQ) three or four years ago. The company’s stock did fall from $25 in early 2004 to $16.50 that August. The computer firm ended up kicking out its…
Intrepid Potash Touted Pre-IPO By Jim Cramer (IPI, POT, MOS)
The soon to price IPO of Intrepid Potash (NYSE: IPI) is a hot upcoming IPO that we have covered as "hot to scorcher" because of the steady rising and hikes seen in potash and…