Asia Markets 1/11/2008
Markets in Asia were mixed, The Nikkei fell 1.9% to 14,111. Mitsubishi fell 3.9% to 2805. Sony (SNE) fell 1.7% to 6040. Yahoo Japan fell 3% to 48550. The Hang Seng fell 1.3% to…
All Work
Douglas A. McIntyre
Financial Mergers May Be Mandated Rather Than Preferred (WFC, CFC, BAC, AXP, ABK, MBI, BX, COF, WM, WFC, ETFC, BSC, GS, SLM, JPM, STI, FITB, WB, NLY, CIM, BRK-A)
There have been major reports for days and weeks that have revolved around many financial services, banks, lenders, and the like merging. The truth is that the carnage in the financial sector is coming…
American Express (AXP) Joins Line Of The Weak
American Express (AXP) said the economy is getting worse. The company will take a pre-tax charge of approximately $440 million (approximately $275 million after-tax) for the fourth quarter. In light of the fourth quarter…
The 52-Week Low Club (COF)(NT)(MW)(BKS)
Men’s Warehouse (MW) No one wants shirts, coats, and ties. Falls to $16.76 on bad same-store sales. Down from 52-week high of $56.64. Barnes & Noble (BKS) Poor sales and weak earnings. Books are…
Bank of America (BAC) To Buy Countrywide (CFC)?
A report at WSJ.com says that Bank of America (BAC) is in advanced talks to buy Countrywide (CFC). CFC shares are up 43% on the news Douglas A. McIntyre
NY AG May Be AMD’s Only Friend (AMD, INTC)
Intel Corp. (NASDAQ:INTC) is seeing shares down close to 2% today at $22.34 on word that New York Attorney General Cuomo is probing Intel on antitrust issues. The truth is that this is an…
AMD (AMD) Trading Up On Intel (INTC) Investigation
AMD (AMD) shares are trading up as much as 4%. NY Attorney General Andrew Cuomo says he is investigating possible violations of state and federal antitrust laws by Intel Corp (INTC), according to The…
Sharp Sell-Off For Akamai (AKAM)
Akamai (AKAM) shares quickly turned South this morning and moved down over 9% on heavy volume. The stock has touched $25.97 today, a 52-week low. Douglas A. McIntyre
Microsoft Might Buy Logitech… And It Should (MSFT, LOGI, MCZ)
Shares of Logitech (NASDAQ: LOGI) are trading up over 8% in early Thursday trading. The maker of keyboards, mouses, PC-cams, microphones, and all other computer peripherals is trading up on market chatter and speculation…
NCR Dodges The Retail Blues, Thanks To Automated Checkout Terminals (NCR, TDC)
NCR Corp. (NYSE: NCR), formerly known as National Cash Register, is managing to raise earning per share targets. While there are always companies that do well and while some companies outperform during an economic…
Newspaper News (MNI)(JRC)(GCI)(NYT)
The news about the demise of newspapers is now at least two years old. Each month newspaper chains put out their advertising numbers and each month they are worse. The only real question about…
Morning Rumor III: Microsoft (MSFT) Still Wants To Own Yahoo! (YHOO)
If it has been said once, it has been said a thousand times. Microsoft (MSFT) would like to buy Yahoo! (YHOO) to challenge the online search and web presence of Google (GOOG). The latest…
Goldman Sachs Lowers Financial Estimates (AB, ABLk, BLK, CLMS, CME, BEN, GBL, IVZ, JNS, NITE, LAB, LM, MKTX, NYX, TROW, PZN, NDAQ, TRAD)
Goldman Sachs has lowered estimates on many financial services players this morning: AllianceBernstein (AB) (buy); AMBAC Financial (ABK) (neutral); Blackrock (BLK) (buy); Calamos Asset Mgmt. (CLMS) (neutral); CME Group (CME) (buy); Franklin Resources (BEN)…
The Ultra-Lite Car From Tata (TTM): Why Not For US?
It is easy to look at Tata’s (TTM) new mini-car, which will sell for $2,500 in India, and laugh. It is smaller than the Honda (HMC) Civics which came into the US in the…
Top 10 Pre-Market Analyst Calls (AW, CPT, ESPG, GSIC, GE, EFII, IR, MVSN, SAI, UPS)
These aren’t the only analyst calls moving stocks this morning, but these are the ones that 247WallSt.com is focusing on: Allied Waste (AW) downgraded to Neutral at JPMorgan. Camden Property (CPT) downgraded to Peer…
Wal-Mart (WMT) Sales In Good Range
Wal-Mart (WMT) same-store sales rose 2.4% for the five weeks ending on January 4. Revenue at the big retailer was up 8.4% for the period to $46.6 billion. International sales moved higher by 18.2%…
CostCo (COST) Beats Back Weak Consumer
CostCo (COST) moved against the trend of weak consumer retail sales in December. Same-store sales rose 7 percent, boosted by higher U.S. gas prices at home and the weak dollar at its international stores.…
Blackstone (BX) Buys GSO Capital
Blackstone and GSO Capital Partners LP have agreed in principle on terms under which Blackstone will acquire GSO. GSO is an alternative asset manager specializing in the leveraged finance marketplace, with approximately $10 billion…
Europe Markets 1/10/2008 BCS, BHP, BP
Markets in Europe were mixed at 6.25 AM New York time. The FTSE was off a fraction to 6,271. Barclays (BCS) was up 1.1% to 464. BHP Billiton (BHP) was up 1.5% to 1532.…
Toyota (TM) And GM (GM) Vie For No.1 Spot In 2007
Toyota (TM) says that it sold 9.37 million vehicles in 2007, up 6% from the year before. According to the AP, GM (GM) has not issued numbers for last year, but they should be…