H&R Block Chairman Aggressively Acquires Shares (HRB)
Richard Breeden has disclosed in an SEC Filing that he has aggressively bought shares of H&R Block (NYSE: HRB) this week. From the dates of March 18 to March 20, Breeden purchased roughly 2.435…
All Work
Douglas A. McIntyre
CIT Group Taps Credit Facilities (CIT)
CIT Group Inc. (NYSE: CIT) has announced that it is drawing upon its $7.3 Billion in unsecured U.S. bank credit facilities. The Company will use the proceeds to repay debt maturing in 2008, including…
No Rally For Starbucks (SBUX)
At yesterday’s annual meeting Howard Schultz, founder of Starbucks (NASDAQ: SBUX), said he would fix the company or die with his boots on. He may wanted to be fitted for an extra pair. It…
Analyst Looks For Big Upside In FuelCell Energy (FCEL)
Lazard Capital Markets has a call out in the fuel cell sector from earlier this morning on FuelCell Energy, Inc. (NASDAQ: FCEL). Analyst Sanjay Shrestha has maintained his Buy rating, but he has also…
IPO Withdrawal: Vision-Ease Lens Corp.
Vision-Ease Lens Corporation withdrew its IPO filing today,citing the decision is “consistent with the public interest and protection ofinvestors.” The company originally submitted its IPO paperwork to the SEC on October 13, 2006. The…
SPAC IPO FILING: Lambert’s Cove Acquisition Corporation (LCA)
Lambert’s Cove Acquisition Corporation, a SPAC, or special purpose acquisition corporation, submitted an IPO filing. The date is march 18 on the filing but the date this became available was this morning. The filing…
Texas Instruments Takes a Downgrade (TXN)
Shares of Texas Instruments (NYSE: TXN) are trading lower this morning. The culprit is a downgrade out of American Technology Research. Analyst Doug Freedman has cut the chip maker from a Buy rating down…
Intel Juices Dividends (INTC)
Intel Corp. (NASDAQ: INTC) has just announced that it is hiking its quarterly dividend on common stock. The $0.1275 per share dividend will now be a higher rate of $0.14 per quarter. At a…
Goldman Sachs & Massive Steel Prices (X, NUE, ATI, STLD, SCHN, GNA, WOR, AKS, ROCK, RS, CMC)
Goldman Sachs is out with a call raising its steel company earnings targets after above expectation steel prices and tighter supplies that represent a physical steel shortage. It sees some US steel prices rising…
Merrill Lynch Flips Conglomerate Coverage (GE, MMM)
Merrill Lynch has made a key reversal call in the conglomerate sector. It has raised General Electric (NYSE: GE) to Buy from Neutral, and it has downgraded 3M (NYSE: MMM) to Neutral from Buy.…
FedEx Guidance Basis Not Welcomed (FDX)
FedEx Corp. (NYSE: FDX) has just posted earnings of $1.26 EPS on 9.44 Billion in revenues, while First Call had estimates at $1.23 EPS on $9.148 Billion in revenues. FedEx’s guidance is a bit…
AMD (AMD) May Be Cutting More Staff
The Inquirer is reporting that AMD (NYSE: AMD) is cutting 5% more of its staff. This may be an indication that the chip company will miss its numbers for the first quarter. AMD has…
Iomai and Pandemic Avian Flu Vaccine (IOMI)
Iomai Corp. (Nasdaq: IOMI) is one of the interesting microcap stocks in the biotech sector with a government twist to its avian flu program. The company has announced positive interim results from a 500-subject…
Top 10 Pre-Market Analyst Calls (ABT, MO, AMGN, CRME, FNM, FRE, IBN, PNRA, SNDK, ZMH)
These are the top analyst calls we are focusing on early this Thursday morning in pre-market trading: Abbott Laboratories (NYSE: ABT) Raised To Outperform at Wachovia. Altria (NYSE: MO) started as Buy at UBS.…
Europe Markets 3/20/2008 (BP)(SI)(ALU)(AXA)
Markets in Europe were off modestly at 7 AM New York time. The FTSE was down .6% to 5,512. BP (BP) was down 1.9% to 505. British Air was up 3.9% to 231.75. The…
Oil Won’t Come Down
Under most circumstances, a drop in demand in the US would bring oil prices down some. The recession should cut the amount of oil consumed here as drivers, airlines, and other big markets for…
Clear Channel (CCU): Another Buy-Out Heads To Trash Bin
Thomas H. Lee and Bain Capital agreed to buy broadcast company Clear Channel (CCU) for $39.20 a share. As usual, several banks are putting up most of the money, an obligation of $18 billion…
Dell (DELL) Buys More Parts In China, Flatters The Locals
Dell (DELL) announced that it will buy $23 billion of components in China this year, up 28% from last year. None other than Michael Dell himself said "China is one of the most dynamic…
The Wheels Come Off In The Airline Industry (DAL)(UAUA)
Forget about mergers. The US airline industry just has to stay afloat. Rising fuel costs and a recession that will keep people off airplanes like a SARS epidemic have hit the industry mercilessly in…
Another Delay From Boeing (BA) As Company Loses Credibility
No wonder the Air Force rewarded its tanker contract to Northrop Grumman (NOC) and EADS instead of Boeing (BA). The US airplane maker can’t deliver products on time. According to the FT Boeing said…