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…
All Work
Douglas A. McIntyre
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…
GM (GM) Needs To Kill Some Brands
GM (NYSE: GM) has eight car brands. There has been a debate for at least 20 years, from after the Saturn brand was launched by then-CEO Roger Smith, about whether it made sense to…
A Corporate Tax Break For Paying Dividends (MSFT)(GOOG)(AMD)(BSX)
The government is fond of using taxes and tax benefits to change behavior. Put a big tax on cigarettes and people will smoke less. Put a "gas guzzler" tax on big cars and people…
Wal-Mart (WMT) And Microsoft (MSFT): Brothers In Prosperity
Recessions make strange bedfellows. Of all the truly huge businesses in the US, save the oil companies, Wal-Mart (WMT) and Microsoft (MSFT) are having unusually good runs. Yesterday, the CFO of Microsoft had the…
Media Digest 3/4/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters February car sales dropped sharply especially for US made vehicles. Reuters writes that BHP Billiton (BHP) is working on raising $55 billion for its potential takeover of Rio Tinto (RTP). The…
Asia Markets 3/4/2008 (HIT)(NTT)(LFC)(SNP)
Markets in Asia were mixed. The Nikkei rose a fraction to 12,992. Hitachi (HIT) fell 2.3% to 718. NTT (NTT) fell 1.7% to 461000. The Hang Seng dropped 2% to 23,120. China Life (LFC)…
Intel (INTC) Grounds Out
Intel (NASDAQ: INTC) sent the tech world and stock market more news which they did not need. The company cut its gross margin estimates. According to the company "Intel Corporation today lowered its first-quarter…
Cramer’s Natural Gas Play (CHK)
Tonight on CNBC’s MAD MONEY, Jim Cramer came out with some huge commodity price calls all around "Sweet 16" and "March Madness." His picks all revolve around "$16" for commodity price handles. He already…
Cramer’s New Play For $1,600 Gold (AEM)
Jim Cramer came out on CNBC’s MAD MONEY tonight, predicting huge gains in gold and he thinks that the current sub-$1,000 per ounce prices may go to $1,600 per ounce. He started talking about…
Jim Cramer’s Play On $16 Corn & Wheat (POT, MOO)
Jim Cramer came out on CNBC’s MAD MONEY tonight, predicting huge gains in agriculture prices and in gold. Unlike Basketball’s March Madness and a "Sweet 16" his "sweet 16" targets all revolve around "$16"…
Microsoft (MSFT): Recession Proof?
Microsoft (NASDAQ: MSFT) has not felt the impact of slower spending. Software must be sitting outside the vortex which is dragging the rest of the economy under. Redmond’s CFO says that the company’s geogaphic…
SPAC IPO FILING: Sidhu Special Purpose Capital Corp. (SOV)
After today’s close, we have yet another special purpose acquisition company, or SPAC, that has filed to come public. Sidhu Special Purpose Capital Corp. filed for an initial public offering for $150 million in…
Microsoft (MSFT) Looks To Yahoo! (YHOO) For Delivery Of Online Software
It is now plain that part of the reason Microsoft (NASDAQ: MSFT) wants to buy Yahoo! (NASDAQ: YHOO) is to use its customers as targets for Redmond’s big push into online delivered software. Google…