A Fed Without Direction
One of the key members of the Fed admits that there is a great deal of debate within the body about cutting rates. Based on a speech by the Fed’s vice chairman Donald Kohn,…
All Work
Douglas A. McIntyre
OPEC Say $100 Oil Is Not Its Fault
OPEC says no one should point the finger at it for $100 oil. The new head of the cartel told Bloomberg “There is enough oil in the market. It’s the problems in Nigeria, in…
The Consequences Of $100 Oil
A recent study in the UK says that the country will lost 1.5% of its GDP is oil stays above $100 for any extended period. According to The Guardian "half of this coming from…
Intel’s New Enemy Besides Downgrades: Its Chart (INTC)
This was one ugly week in the stock market and frankly the worst start to a new trading year in memory. There are very few stocks that held up during the onslaught, but one…
Warner (TWX) Goes With Sony (SNE) Blu-ray
Warner, the studio wing of Time Warner (TWX) will throw its weight behind the Sony (SNE) Blu-ray high definition format. The new is a blow to the rival Toshiba HD-DVD initiative. Speaking with the…
Radio Shack: Julian Day Hardly Matters (RSH)
When it comes to second tier electronics sellers, 2007 was not the greatest year and 2008 has these all hitting 52-week lows as well. Today shares of Radio Shack (NYSE: RSH) are getting crushed…
Biotechs and Related Hitting 52-Week Lows Too (BBH, AMGN, AMLN, ARNA, GERN, INGN, PGNX, SUPG)
Today has been a rough day with more 52-week lows than we can recall in quite some time. The biotechs haven’t been immune. You can even see that the Biotech HOLDRs (BBH) at $160+…
52-Week Low Club (Jan 4, 2007) Led By Financials, Restaurants, Retail, REIT, Property & Tech
At 11:00 AM EST the NASDAQ was down 73 points and the S&P was was down some 25 points…. an hour later we had word of some $30 Billion in Fed liquidity that was…
Ford (F) Drops Below Where It Traded During Chapter 11 Talk
In April 2006, Bill Ford, then CEO of the company which carries his name, say that Ford (F) would not file for bankruptcy. His comments were a reaction to credit agencies and research firms…
Tech: The Weak Get Weaker (AMD)(MOT)
The tech sell-off is accelerating. It may be that Intel (INTC) got downgraded or that Motorola (MOT) may have had a weak Q4. But, the problem is probably worse than that. Tech was supposed…
Turnarounds That Haven’t Turned Around: UTStarcom (UTSI)
UTStarcom Inc. (NASDAQ:UTSI) is one of the former high fliers that crashed and burned, despite its US-based operations with what was huge leverage in China. In the past it had grown and grown but…
SPAC IPO FILING: China Energy Partners Inc.
There was another SPAC IPO filing last night. A company called China Energy Partners Inc. has filed to sell units for stock and warrants for up to $402.5 million total, although the initial filing…
Citigroup (C) Write-Downs To Hit $15.3 Billion
KBW analyst Diane Merdian now estimates Citigroup (C) will take $15.3 billion in writedowns in the fourth quarter tied to mortgage-backed debt and collateralized debt obligations, instead of the $11 billion previously estimated, according…
With Crummy Jobs Report, The R-Word Is Far Closer
Non-farm Payrolls increased a mere 18,000 jobs versus an expected 50,000 and the unemployment rate rose to 5.0% from 4.7% in November. Hourly earnings rose 0.4%. It also looks like the the total number…
Goldman Sachs Raises Apple & Microsoft Estimates (AAPL, MSFT)
Goldman Sachs is raising estimates on both Microsoft (NASDAQ:MSFT) and Apple (NASDAQ:AAPL) today: On Microsoft (MSFT), Goldman Sachs has noted how the company "kicked itself out of the doldrums and outperformed" with an 11%…
Top 10 Pre-Market Analyst Calls (ALL, GLW, DISH, GM, INTC, ITG, JNJ, PNM, RESP, UPL)
These are not the only top analyst calls impacting share prices this morning, but these are the main calls that 247WallSt.com is focusing on in pre-market trading this Friday morning: Allstate (ALL) raised to…
For The Economy, The Primaries Don’t Matter
The Iowa voting is over and the upsets are recorded. But, with the primaries about to begin in earnest and with the winners to be chosen before mid-year, it hardly matters to the economy…
Europe Markets 1/4/2008
Markets in Europe were mixed at 6.50 AM New York time. The FTSE was up .7% to 6,525. BP (BP) was up 1.5% to 645. BHP Billiton (BHP) was up 2.9% to 1644. The…
GM’s (GM) Mad Forecast
The people at the GM (GM) headquarters must have had too much to drink over the holidays. According to Reuters GM "expects overall 2008 U.S. auto sales to be about the same as the…
Digital Music Downloads Move Up 45% In 2007
Score another one for Apple (AAPL) and its iTune service which some experts say has 70% of the digital music download market. According to The Wall Street Journal "the number of digital tracks sold…