Apple (AAPL): Two Months To A 52-Week Low?
Apple (NASDAQ: AAPL) has already dropped below its six-month low and it could break below its 52-week low in April. The stock traded between $99 and $100 the last few days of April 07.…
All Work
Douglas A. McIntyre
Citigroup (C) At $16?
On more than one occasion 24/7 Wall St. has said Citigroup’s (NYSE: C) shares could go as low as $15. Now Oppenheimer is saying it agrees. Bloomberg writes "Citigroup may post its second-straight quarterly…
Is Bigger Better In VISA IPO? (V, MA, DFS, AXP)
Visa Inc. submitted another amendment to their IPO filing this morning. The IPO could now be the largest in history, with a proposed maximum aggregate amount in securities listed as more than $18.7 Billion. …
Motorola (MOT) May Miss Handset Target
Wall St. is expecting Motorola (NYSE: MOT) to sell about 32 million handsets this quarter. Oppenheimer has cut its rating on the company to "perform" from "outperform" and says that unit sales will probably…
Goldman Sachs Pans Financials (FNM, FRE, MI, JPM, BSC, LEH, MER, WM)
Goldman Sachs has made some key downgrades in the financial sector today. The firm has cut both Fannie Mae (NYSE: FNM) and Freddie mac (NYSE: FRE) from an already "neutral" rating, with implied negative,…
Rumor Of The Day: Will News Corp (NWS) Walk Away From Google (GOOG)?
Techcrunch is reporting that News Corp (NYSE: NWS) is negotiating with Google (NASDAQ: GOOG) to get out of a deal which allows the big search company exclusive rights to sell text ads on MySpace,…
Top 10 Pre-Market Analyst Calls (AVR, DNA, GM, HAIN, JNPR, MTL, MOT, NYT, BTU, YUM)
Below are the top research calls that 247WallSt.com is focusing on: Aventine Renewable Energy (NYSE: AVR) downgraded to Sell from Hold at Soleil. Genentech (NYSE: DNA) raised to Outperform at Rodman & Renshaw. General…
Lowe’s (LOW) Down Almost 4% On Weak Earnings
Lowe’s shares are down almost 4% to $22.75 in the pre-market due to weak earnings. Profits at the big retailer fell 33% to to $408 million.Sales were flat at $10.4 billion. Wall St. analysts…
Clear Channel (CCU) And Wachovia (WB): Another Bank Walks Away
Clear Channel (NYSE: CCU) has settled its differences with Providence Equity for the LBO firm to buy its TV properties. The dispute had made it to court. The original price was $1.2 billion, but…
The Fed’s Nifty Little Ruse
The Fed has offered to to advance banks cash to ease their credit problems. It began the program in December in the hope of helping banks free up capital to make loans and help…
Goldman Sachs (GS): Canary For Wall St.
Goldman Sachs (NYSE: GS) is likely to report a bad quarter. Much of this will be due to LBO debt which it has on its books and cannot syndicate to other institutions. It took…
Chavez Retreats (XOM)
Perhaps feeble-minded Venezuelan president Victor Chavez does not want to spend decades in court with Exxon (NYSE: XOM) fighting over the oil company’s seizure of some of the country’s assets due to nationalization of…
Greenspan: A Booming Oil Market “Forever”
All the economic news was bad this morning. Alan Greenspan said economic growth in the US had gone to zero and was likely to move negative soon. And, the Association for Business Economics survey…
Media Digest 2/25/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
Accordig to Reuters, Alan Greenspan says that the US economic growth is zero and that the oil boom will go on "forever." Reuters writes that the National Association for Business Economics survey predicts that…
Asia Markets 2/25/2008 (DCM)(LFC)(CHU)
Markets in Asia were mixed. The Nikkei was up 3.1% to 13,915. Docomo (DCM) was down 3.2% to 153000. Sharp was up 5.2% to 2100. The Hang Seng fell .2% to 23,269. China Life…
Do Banks Face Huge Legal Liabilities From Auction-Rate Bond Market?
A number of large money center banks and brokers walked away from the role of using their capital to support the auction-rate markets. This market has been in place since 1984. Its size is…
The Ambac (ABK) Bail-Out May Not Work
Ambac (NYSE: ABK), the down-on-its-luck muni-bond insurance company may get rescued by several large banks. If the reports are to be believed, Citigroup (NYSE: C), UBS (NYSE: UBS), and Wachovia (NYSE: WB) will put…
Electronic Arts (ERTS) Offers $2 Billion For Take-Two (TTWO)
Electronic Arts (NASDAQ: ERTS) has disclosed that it made a $26 all-cash offer for smaller video game publisher Take-Two (NASDAQ: TTWO). The total value of the deal is about $2 billion. It is a…
Medical Concern About FDA Approval Of Genentech (DNA) Avastin
The FDA has approved Genentech’s (NYSE: DNA) drug Avastin for the treatment of breast cancer. The product is already Genentech’s top selling drug but is marketed for treating other cancers. Tests by FDA science…
This week on Stockhouse February 19 – 22
The TSX and the Dow parted ways this week as commodities lifted Canadian markets. Gold, platinum, silver, copper, oil and soft commodities led gains across the TSX and the TSX Venture exchange, though the…