High PPI More Honest Than CPI, FOMC Has To Look Past It
This morning we saw February Producer Prices come out with a gain of +0.3%, and that is after a +1% gain in January. The core rate on an ex-food and energy basis rose +0.5%. …
All Work
Douglas A. McIntyre
Yahoo! (YHOO) Comes Out With Lame Business Plan To Support Higher Value
Yahoo! (NASDAQ: YHOO) has come out with a business plan which says the company is worth more than Micorosft (NASDAQ: MSFT) is offering. That is based, to some large extent, on how the company…
GameStop Sets Earnings Growth to 2010 (GME)
GameStop Corp. (NYSE: GME) has just posted its earnings with $1.14 diluted EPS on revenues of $2.8656 Billion. The estimates for the largest pure-play video game retailer from First Call were $1.12 EPS on…
Goldman Sachs Sails Past Lowered Estimates (GS)
Goldman Sachs (NYSE: GS) has just posted earnings, and while many metrics are lower than last year the results overall were well above estimates that had been lowered in a weakening environment. The company…
Citigroup (C): A Merger With Bank of America (BAC)
With Citigroup’s (NYSE: C) shares off from $55.55 to under $19 and concerns that it cannot weather another round of write-downs which may be coming for subprime paper, credit card debt, and troubled LBO…
Citigroup (C) Merger Candidates, JP Morgan (JPM)
Citigroup (NYSE:C) will probably looking be looking for merger partners now that its stock is down to under $19 from a 52-week high of $55.55. The first choice would probably be JP Morgan (JPM).…
Goldman Sachs on Canadian Oil Drilling (BJS, HAL, WFT, CAM, SII, FTI)
Goldman Sachs issued its first of a 3-part conference call covering the Canadian market, and it noted that the stimulation outlook is improving. Its preference in the first of three notes is for oil…
Intel (INTC) Takes Another Dig At AMD (AMD)
Intel (NASDAQ: INTC) is not satisfied with its 75% to 80% share of the PC and server markets. It is about to launch a new, more powerful set of chips, presumably to take more…
Pharmacopeia Scores Another Milestone (PCOP, GSK)
Pharmacopeia (Nasdaq: PCOP) has announced that it will receive a milestone payment of $5 million from GlaxoSmithKline (NYSE: GSK), bringing the total received to over $16 million in connection with its ongoing development and…
Europe Markets 3/18/2008 (ALU)(SI)(BCS)
Markets in Europe were up sharply at 7.30 AM New York time. The FTSE rose 2% to 5,523. Barclays (BCS) is up 3.4% to 406. British Airways was up 4.1% to 226.5. The DAXX…
Top 10 Pre-Market Analyst Calls (MO, AMZN, GS, IP, NCC, NOVL, RMG, SAP, URI, GMR, OSG, TK)
Below are the top analyst upgrades and downgrades we are looking at this Tuesday morning: Altria Group (NYSE: MO) Started as Buy at UBS. Amazon.com (NASDAQ: AMZN) started as Buy at Canaccord Adams. Goldman…
Citigroup (C) And Lehman (LEH) Will Disappear
The story is the same every decade or so. Bad economic times cause well-known businesses to fail. They are bought out and merged, and they simply cease to exist as the public and investors…
Pilots Wreck Delta (DAL) Merger With NWA (NWA), Again
The fight over pilot seniority at Delta (DAL) and NWA (NWA) has threatened to kill a merger again. A strike by pilots would do substantial damage to the finances of a new company. Maybe…
Alliance Data (ADS) Goes After Blackstone (BX)
Alliance Data (NYSE: ADS) had given Blackstone (NYSE:BX) notice that the private equity firm is no longer negotiating in good faith to complete a buy-out. The charge probably has the benefit of being true.…
Abu Dhabi Sovereign Fund Agrees To Restrictions Just As It Exits US Market
The US government and authorities in the EU have been up in arms about sovereign funds buying into iconic financial institutions and tech companies. The regulators fear that foreign-backed capital will use its money…
Google (GOOG) Says Everything Is Fine
Google (GOOG) says that there is nothing to worry about. Its business is just fine. Tell that to the investors who have ridden the stock down from $747 to $420. But, the case is…
Ford (F) Management Tries To Save A Dead Patient
Ford (NYSE:F) is launching a mad new ad campaign with the tag-line "Ford. Drive One". The company is working with it local dealers to get them to push the same message. According to The…
Media Digest 3/18/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
Accoding to Reuters, the Fed is set for a large rate cut in the face of the financial crisis. Reuters writes that Google (GOOG) says it is well positioned for an economic slowdown. Reuters…
Asia Markets 3/18/2008 (HMC)(SNP)
Markets in Asia were mixed. The Nikkie rose 1.5% to 11,964. Honda (HMC) was off 2.4% to 2630. Mazda was up 3.3% to 348, The Hang Seng was up .7% to 21,240. China Petroleum…
Cramer: Defensive Stocks Are The New Good Banks (PEP, KO, PG, CL)
On tonight’s MAD MONEY on CNBC, Jim Cramer noted that he wanted to look for the new banks. Even thougfh these aren’t really banks, they are the defensive stocks that are still printing money…