Citigroup (C) May Have To Sell Smith Barney
The market was full of talk yesterday about Goldman Sachs predictions that Citigroup (C) might have to write-off another $18.7 billion in CDOs in the fourth quarter. Word was that the big bank may…
All Work
Douglas A. McIntyre
Turnarounds That Haven’t Turned Around: Tyco International (TYC, TEL, COV)
Tyco International Ltd. (NYSE: TYC) is a hard turnaround to call as one that hasn’t turned around because it has already begun its long-term initiatives to enhance shareholder values. The problem is that it…
The Case For $150 Oil
The killing of Benazir Bhutto and a drop in oil supplies in the US moved oil above $96 overnight. Trouble between the Kurds and Turks contributed as well. But, none of these things has…
10 More Stocks That Could Double In 2008
It takes a lot for an active stock of an already established company to see the price of its shares double. In fact, it usually means that a company has posted a significant recovery…
Wal-Mart (WMT) Goes Back To Selling Shirts Online
According to several media reports, Wal-Mart (WMT) has shut its movie download business. It blames the fact that Hewlett-Packard (HPQ) is discontinuing the technology platform which makes the service work. It is hard to…
Media Digest 12/28/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Merrill Lynch (MER) plans to lay-off 1,600 people. Reuters writes that US durable goods numbers were worse than expected for November. Reuters writes that Wal-Mart (WMT) will end its movie download…
52-Week Low Club (AAI, ANN, AM, BIG, BJRI, CHS, CC, LIZ, M, OMX, MSO, RL, HOT, WM, WEN, ZLC)
Today’s list of 52-week lows was still dominated by retail and consumer spending stocks, although a surprise surge from several key semiconductor names made today’s list. Some of these did end up recovering back…
Key Chip & Semiconductor Stocks Hit 52-Week Lows (MRVL, MU, SNDK, STM)
It was a bit surprising today to see some of the names that were on the 52-week low list that were chip stocks. So far AMD has managed to escape this list today, although…
Boeing (BA) Picks Up An Order From British Air
The end of the year has turned out well for Boeing (BA). British Airways has put in an order for twenty-four 787 Dreamliners. The face value of the order is $4.4 billion, according to…
Financial Market Reactions On Bhutto Assassination (INP, IFN, IIF, MINDX, IBN, TTM)
It is unfortunate to have to analyze tragic international or domestic terrorism news from a financial angle on horrible news such as the murder of a foreign leader or a challenger for that leadership…
Are Netflix & Blockbuster Watching Apple’s Video Deal? (NFLX, AAPL, BBI)
We’ve all heard by now that Apple (NASDAQ:AAPL) is in a deal with News Corp’s (NYSE: NWS) Fox for a movie rental download deal. Apple is Since Apple TV is still referred to as…
Goldman Sachs Raises Potash (POT)
Goldman Sachs is upgrading its prior Neutral rating on Potash Corp. (NYSE: POT) to a new BUY rating. It is also calling for a 29% stock upside from here with a new $180.00 target.…
SPAC IPO FILING: Grand Slam Acquisition Corp. (APP, VRY, TCW)
Grand Slam Acquisition Corp. is a SPAC (special purpose acquisition company) that has filed to come public via an IPO. But this is larger than most SPAC IPO’s with a $750 million proceeds target. …
China’s Car Market Gets Tougher
The Chinese are clearly getting tired of having their automotive markets dominated by joint ventures which benefit foreign companies like GM (GM) and VW. That may make it much harder for the big car…
MRV Communications & Source Photonics Finally Live Up To Promises (MRVC)
MRV Communications, Inc. (NASDAQ:MRVC) is finally living up to its promise. The company is making good on its promise to spin Source Photonics, which used to be Luminent, via an IPO. An SEC filing…
Europe Markets 12/27/2007
Markets in Europe were up modestly at 7.05 AM New York time. The FTSE rose .2% to 6,494. Barclays (BCS) fell 1.7% to 508. RBS (RBS) rose 1.3% to 448.5. The DAXX moved up…
Oil Moves Back Toward $100
In a sign that the eco-system that determines oil prices is more fragile with each passing month, oil is back to $96 a share. The conflict between the Turks and Kurds have helped move…
Apple (AAPL) At $200: The Madness Of Crowds
This holiday, the press is replete with stories of sales of Macs on the Amazon (AMZN) website and the transcendent experience of shopping at an Apple store. Perhaps all of those consumers also bought…
Citigroup (C) As A Growth Stock
Analysts at Goldman Sachs think Citigroup (C) will have to cut its dividend 40%. Their expectation is that the big bank "may write off $18.7 billion in collateralized debt obligations" in the fourth quarter,…
Apple’s (AAPL) Deal With Fox, A Waste Of Time
Apple (AAPL) has signed a deal with News Corp’s (NWS) to rent Fox studio movies on iTunes. Apple looks at it as something of a break-through. iTunes subscribers have been reluctant to buy movies.…