GM’s (GM) Excellent Adventure
Robert Nardelli, Home Deport (HD) exile and current CEO of Chrysler, may be wishing he stayed in retirement. His new company lead the decline in domestic car sales in January. Chrysler sales fell 12%…
All Work
Douglas A. McIntyre
This week on Stockhouse January 28 – February 1
Wednesday marked another big day for stock markets, in theory, as the US Federal Reserve announced another .5% cut in the Fed Funds rate, bringing the level down to 3%. Markets didn’t pay much…
52-Week Low Club (AVID, CERN, DRIV, MIL, NZ, OMCL, HPOL, FLE, ACTU)
These are some of the more active stocks that were trading on new 52-week lows today: Avid Technology Inc. (NASDAQ: AVID). Selling at lowest level since 2003 today at around $19.20 due to downgrades…
Carl Icahn Buying Into J.C.Penney? (JCP)
The WSJ has reported that Carl Icahn has been amassing a stake in J.C.Penney Co. (NYSE: JCP). Unfortunately, the WSJ is citing "people familiar with the matter." Those people are not always clear and…
FDA’s First Stent Approval Since 2004 (MDT, JNJ, BSX, ABT)
Medtronic, Inc. (NYSE: MDT) has just announced that it has received formal approval from the FDA to market its Endeavor Zotarolimus-Eluting Coronary Stent System for the treatment of coronary artery disease. This had been…
Will Transmeta Agree To Sell For $15.50? (TMTA, INTC, AMD)
Transmeta Corp. (NASDAQ: TMTA) may be an interesting stock now. The company scored a major win with a legal settlement/victory last year over Intel (NASDAQ: INTC). Now Transmeta issued a statement that it has…
Chevron Beats Earnings On Mixed Results (CVX)
Chevron Corp. (NYSE: CVX) has posted strong earnings today, although there are some mixed operational numbers that might bring at least some pause for shareholders. Higher oil prices are finally generating higher profits for…
Exxon Mobil Has Biggest Quarter Ever (XOM)
It appears that record oil prices really are paying off for Exxon Mobil Corp. (NYSE: XOM). The largest company by market cap is reporting that it made some $11.66 Billion in quarterly profits on…
Bond Insurer Rescue Package From Banks? (MBI, ABK)
Ambac Financial Group Inc. (NYSE: ABK) and MBIA (NYSE: MBI) are both trading higher in pre-market trading this morning. CNBC squeezed in a report after covering the Yahoo!-Microsoft that there are eight banks that…
Top 10 Pre-Market Analyst Calls (ADBL, GOOG, LOW, MXIM, MEDX, MS, MOT, OI, TIVO, DIS)
Below are ten of the top analysts calls that247WallSt.com is looking at this morning: Audible (NASDAQ: ADBL) downgraded to Hold from Buy at Citigroup. Google (NASDAQ: GOOG) downgraded to Hold from Buy at Jefferies.…
A Big Win For Yahoo! Shareholders, Microsoft (MSFT) Makes A Bid
It is the best news that Yahoo! (YHOO) investors have had in years. Microsoft (MSFT) has offered to buy the company for $31 representing a total equity value of approximately $44.6 billion. Yahoo! trades…
No Cut From OPEC, No Relief For The US
It is all about the "Benjamins". OPEC wants more money, every month of every year. The cartel signaled that it will not increase oil production at its current meeting. Their reason is that the…
2007: The Internet’s Worst Year Ever (GOOG)(YHOO)(EBAY)(AMZN)
Google (GOOG) joined the list of big online companies that disappointed just about everyone with its earnings. Revenue rose 51 percent to $4.827 billion. That just wasn’t enough. Google’s share will probably trade around…
A Way Out For Motorola (MOT): A JV With Sony Ericsson
When Sony (SNE) and Ericsson (ERIC) found that neither had enough market share to go it alone in the global handset business, they merged their operations. During 2007, the joint venture moved its share…
Rio Tinto (RTP): A Mad Bid For Questionable Assets (BHP)(AA)
Most on Wall St. believed that Alcoa (AA) was the odd man out in the metals industry. It missed out on buying Alcan. It has been nowhere to be seen in the big takeover…
Media Digest 2/1/2008 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Chinese mining group Chinalco and Alcoa (AA) have bought 12% of Rio Tinto (RTP) setting up a potential bid against BHP Billiton (BHP). Reuters writes that Motorola (MOT) is considering selling…
Asia Markets 2/1/2008 (CHL)(PTR)
Markets in Asia were mixed. The Nikkei fell ,7% to 13,497. Hita hi (HIT) rose 1.5% to 807. KDDI fell 5.2% to 681000. The Hang Seng moved up 2.9% to 24,124. China Life (CHL)…
Motorola (MOT) Looks For The Exit Door
Motorola’s (NYSE: MOT) shares were halted. Then the company announced what many on Wall St. had expected. Its board will look at whether not the company should exit the cell phone business. The firm’s…
Google Follows Internet Post-Earnings Sell-Off (GOOG)
Goole Inc. (NASDAQ: GOOG) has posted its earnings and the results came in at $4.43 non-GAAP EPS on revenues of $3.39 Billion on an ex-TAC basis, and these are not going to greatly received…
The 52-Week Low Club (CDNS)(ARAY)(RNOW)(CRUS)(HSTX)
Cadence Design Systems (CDNS) posts bad numbers and gets downgrades. Falls to $9.90 from 52-week high of $24.90. Accuray (ARAY) The radiosurgery device maker reported disappointing fiscal second-quarter results. Trades off to $9.26 from…