Bill Gross of PIMCO Says Economy Is In Tatters
Bill Gross, king of the bond industry and head of PIMCO, says that the recession has begun. He has been begging the Fed to cut interest rates. Perhaps he secretly hopes that a downturn…
All Work
Douglas A. McIntyre
The SIV “Super Fund”: Dead And Buried (C)(BAC)(JPM)
The SIV "Super Fund" created by the Treasury Department, Citigroup (C), Bank of America (BAC), and JP Morgan (JPM) is dead. Once Citi took its own SIVs onto the banks balance sheet, much of…
This Week on Stockhouse December 17 to 21
Markets were whipsawed this week as big investment banks reported disappointing results. Metals dragged Toronto trading lower. On Monday… Danny Deadlock looked at how tax loss selling has accelerated declines among certain small cap…
Wal-Mart (WMT) And Macy’s (M): Holiday “Hail Mary”
Wal-Mart (WMT) and Macy’s (M) are going to throw the retail ball up in the air just before Christmas and hope that the consumer catches it. Both stores plan to open some outlets 24-hours…
Turnarounds That Haven’t Turned Around: Micron Technology (MU)
Micron Technology (NYSE:MU) is one of the poor and beleaguered tech stocks that has been in turnaround mode for as long as memory serves. The problem is that it is in a spot in…
2008 Dogs of the Dow (C, PFE, T, VZ, MO, GM, DD, JPM, GE, HD)
Since it is year-end, we wanted to compile a list of the 2008 likely Dogs of the Dow. We included Friday’s closing prices for each DJIA component and we also gave the current dividend…
52-Week Low Club (CC, DBD, FIC, GTOP, IMB, MSSR, RECN, MU, RT, STI)
Some of these recovered off lows but here are some of the more active stocks that hit 52-week lows today: Circuit City (NYSE: CC)… after posting wider losses and then forecasting a loss next…
Dell & Tesco European PC Retail (DELL)
Dell (NASDAQ:DELL) and Tesco have announced that Dell notebook and desktop computers will become avaliable in Tesco stores starting next month. Dell XPS and Inspiron products will be sold on the floor in Tesco…
E*Trade Previews Turnaround Plans (ETFC, AMTD, SCHW)
E*TRADE (NASDAQ: ETFC) has announced an ‘aggressive customer win-back campaign’ as one component of its ‘comprehensive’ turnaround plan. Since this is a preview, that comprehensive plan is more of a promise for a comprehensive…
Investor Optimism Rising, Sort Of
Investor optimism gained slightly in December rising 6 points to a level of 50 according to the UBS/Gallup Index of Investor Optimism. Most surveys refer to this as "investor sentiment" on their reports. That…
Top 10 Pre-Market Analyst Calls (GTOP, HAS, MAT, ITRI, MVL, RIMM, RAD, SGP)
If analysts were cowboys they’d say, "It’s getting pretty darn thin out there on the research front." Here are the few analyst calls we are looking at today ahead of what most of Wall…
Circuit City Results & Comments Show Incompetence (CC, BBY)
Circuit City (NYSE: CC) has just posted its earnings, or at least its results. The company posted a loss of $140 million from operations. Quarterly net sales decreased 3.1 percent to $2.96 billion from…
Marsh & McLennan: Cherkasky Out! (MMC)
Marsh & McClennan (NYSE: MMC) has announced that its CEO Michael Cherkasky is out. The board of directors is searching for a new CEO. Over the last two weeks 247WallSt.com named a list of…
A Lesson From RIM (RIMM) And Oracle (ORCL)
Most people with a college education would guess that the near-spectacular results posted by Research In Motion (RIMM) and Oracle (ORCL) are a sign that the broad tech industry has not been hit by…
US Private Equity On Sidelines As Singapore Goes For Merrill (MER)
Now that news has gotten around that Singapore’s Temasek may put $5 billion into Merrill Lynch to offset fourth quarter write-downs, the cycle of sovereign funds investing in US financial companies seems almost routine.…
Media Digest 12/21/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters India’s Tata is about to close a deal to buy Jaguar and Rover from Ford (F). Reuters writes that the IMF says that the subprime mortgage problem will slow growth in…
Biotech Implosion: Genitope (GTOP)
Genitope Corp. (NASDAQ:GTOP) probably just made sure the workers’ kids won’t be getting much more than coal this year. Genitope announced that its pivotal Phase 3 clinical trial examining the use of MyVax® personalized…
Research In Motion Sails Ahead (RIMM)
Research In Motion Ltd. (NASDAQ:RIMM) posted earnings with Net Income of $370.5 million, or $0.65 per share diluted on $1.67 Billion in revenues. First Call had estimates pegged at $0.62 EPS on revenues of…
The 52-Week Low Club (C)(MBI)(RAD)
Rite Aid Corporation (RAD) Ugly earnings. No turnaround here. Falls to $2.71 from 52-week high of $6.74. MBIA (MBI) Concerns about CDOs being insured here. Falls to $18.84 from 52-week high of $76.02. SLM…
Turnarounds That Haven’t Turned Around: Nortel (NT, CSCO, ALU)
Nortel Networks Corp. (NYSE:NT) is one of the old tech/telecom equipment stocks that has never seemed to be able to make a turnaround hold. The company is far from alone and competition from behemoths…