SPAC IPO FILING: Oasis Group, Inc.
Oasis Group, Inc. is yet another special purpose acquisition company, or SPAC, that has filed to come public via an IPO. The company has filed to raise $300 million with a sale of 30…
All Work
Douglas A. McIntyre
Good News For Sprint (S) And AT&T (T): Mobile Ads
More and more mobile phone users are open to seeing mobile ads, especially if they offset the cost have of their calling and data plans. Reuters writes that a study by Nielsen shows "almost…
The 52-Week Low Club (FNSR)(TRSA)(C)(S)
Fremont General (FMT) Fear of Chapter 11 grows. Falls to $.39 from 52-week high of $13.80. Verasun Energy (VSE) High commodity prices kill ethanol stocks. Down to $7.76 from 52-week high of $21.47. Hertz…
Lazard Defends FuelCell Energy Ahead of Earnings (FCEL, FTEK)
Lazard Capital Markets’ Sanjay Shrestha has come out defending FuelCell Energy (NASDAQ: FCEL) ahead of tomorrow’s earnings report. The firm expects another strong quarter from the company. It also notes a an attractive risk/reward…
Upek IPO Bites The Dust
The market is starting to take its toll on IPO’s for many companies. Upek Inc. has just joined the ranks of other companies that have filed to withdraw an IPO. Its filing with the…
Defensive Stocks Only A Partial Sanctuary (KO, BUD, KFT, MCD, MO, PG, CL, MRK, JNJ)
Defensive stocks are often the stocks that investors try to use as a safe harbor to wait out the storms. We have covered many of these and even gave our own list of defensive…
Good News For AT&T (T), Sprint (S), And Verizon (VZ): Mobile Broadband Up
Use of mobile broadband, PCs connected to the internet over cellular networks spiked up 154% from the Q4 06 to Q4 07. The total number of unique computers hooked up at the end of…
Rep Gene Green Talks About Sirius (SIRI) Merger: No Issue If One Goes Out Of Business
24/7 Wall St. spoke to Rep Gene Green of Texas. He is Congress’s most vocal opponent of the Sirius (NASDAQ: SIRI) merger with XM Satellite (NASDAQ: XMSR). He has been vilified by none other…
Google (GOOG) Keeps Picking Up Market Share
The rich get richer. Despite all of the concerns about the rate at which people click on Google’s (GOOG) text ads, at least it share of the market is still growing. Based on data…
E*Trade (ETFC): The Prince Becomes A Frog
E*Trade (ETFC) investors cheered when they heard that the company’s chairman, a former senior executive at JP Morgan (JPM) was taking over as CEO. The reality of the situation did not take long to…
Would Apple Risk A Share Buyback? (AAPL)
Apple Inc. (NASDAQ: AAPL) shareholders get to vote on nominations for Apple’s board of directors today. We also saw that proxy firm Glass Lewis& Co. advised holders to elect Chief Executive Steve Jobs, William…
Motorola (MOT) Expects North America To Be Tough
Motorola (MOT) may not do well in the rest of the world, but its sales in North America has been solid. Investors probably can’t take the handset company’s performance in its home market for…
Citigroup (C) Hits Multi-Year Lows
Share of Citigroup (NYSE:C) dropped as low as $22.09 this morning, their lowest level in over eight years. The head of Dubai International Capital said that Citi would need to raise more money. CNBC…
Goldman Sachs Changes On Conviction Buy List (RCL, ETN)
Goldman Sachs has made some changes to its prized CONVICTION BUY LIST today. These may seem even a bit counter-cyclical when you look at the companies and the economic trends we are witnessing, but…
Goldman Sachs Defends Federal-Mogul With Upgrade (FEMO)
Federal-Mogul Corp. (Pink Sheets: FEMO) was raised from a Neutral to a Buy rating at Goldman Sachs this morning. Goldman Sachs noted that the 29% sell-off since its post-bankruptcy issuance has created a unique…
Clearwire Guidance Makes WiMAX Look Like 14.4kbp Modem Speeds (CLWR)
Clearwire (NASDAQ: CLWR) has just posted earnings this morning, and so far shares are taking a hard hit. The near-broadband WiMAX operator and service provider posted on $45.4 million in service revenues, a 91%…
SPAC IPO FILING: Market Street Acquisition Corp. (GHC)
Market Street Acquisition Corp. is yet another special purpose acquisition company that has filed for an initial public offering. It is registering to sell 35 million units at $10.00 per unit, with each unit…
Top 10 Pre-Market Analyst Calls (BKS, BBY, CMO, COP, DBD, DDS, LLNW, NOVL, SFLY, VG)
Below are the top analyst calls that 247WallSt.com is looking at this morning in early trading: Barnes & Noble (NYSE: BKS) downgraded to Underweight at JP Morgan. Best Buy (NYSE: BBY) downgraded to Neutral…
Intel Warning Worse For Flash Memory Makers Than For Intel (INTC, SPSN, SNDK, MU)
Intel Corp. (NASDAQ: INTC) came out last night and warned of lower margins. The culprit was only listed as lower than expected NAND flash memory chip prices. So tonight Intel now said it is…
Citigroup (C) Will Need A Lot More Money
The biggest question running around Wall St. is how much more cash is going to have to go into the sink hole of banks, brokerages, and insurance companies. The estimates for further subprime write-downs…