Asia Markets 12/11/2007
Markets in Asia were higher. The Nikkei moved up .8% to 16.945. Sony (SNE) was up 2.6% to 6230 The Hang Seng rose 2.5% to 29,227. China Mobile (CHL) was up 3.5% to 145.5…
All Work
Douglas A. McIntyre
A JP Morgan (JPM) Takeover Of Citigroup (C)?
Well, some one with a pen and paper thinks that Citigroup (C) may be taken over. According to FT blog site Alpahville, JP Morgan (JPM) may be just the folks to do it. The…
Cramer’s Blue Cross Blue Shield Play (GTS)
On tonight’s MAD MONEY on CNBC, Jim Cramer said he wanted to review a recent IPO which is a great spot that didn’t perform well. Triple-S Management (NYSE: GTS) is the Blue Cross Blue…
Medarex Stubs Its Toe (MEDX, BMY, DNDN)
Medarex inc. (NASDAQ: MEDX) is seeing shares slapped in after-hours trading after the company is issuing disappointing news over the hopes for its Ipilimumab Pivotal Trials in patients with Advanced Metastatic Melanoma. Its partner…
Slash And Burn At Washington Mutual (WM)
Washington Mutual (WM) has announced that it will cut its dividend, stop lending to the subprime market, and raise $2.5 billion through a preferred stock offering. The market took that news badly and pushed…
Texas Instruments Sweetens Its Tune (TXN, SMH)
It appears that the weakness being seen in many of the mobile handset makers isn’t really hurting Texas Instruments (NYSE: TXN). The company gave its mid-quarter update and narrowed its prior guidance to levels…
10 CEO’s That Need To Leave in 2008: Gary Pruitt of McClatchy (MNI)
It is no secret that the newspaper industry is in trouble and it might not be fair to only single out one individual CEO out of the whole industry. But Gary Pruitt of McClatchy…
The 52-Week Low Club
Force Protection (FRPT) Concerns about whether the company’s latest product will ever come to market. Recent IPO falls to $7.48 from $9.99. Spartan Motors (SPAR) No major news. Falls to $7.55 from 52-week high…
What To Expect From Classmates IPO (UNTD, MSFT, NWS, CLAS)
This week we expect the pricing of the Calssmates.com (NASDAQ:CLAS) parent Classmates Media Corp. IPO and partial spin-off from United Online (NASDAQ:UNTD). We have noted recently and before that this Classmates.com is not a…
ETN/ETF Launch: Tracking Closed-End Funds (GCE)
NYSE Euronext has launched an unusual ETN. The Claymore CEF Index-Linked GS ConnectSM ETN (NYSE: GCE) began trading on the NYSE today. This is not a typical ETF (or actually an exchange traded notes…
ETF Launch: Vanguard Extended Duration Treasury ETF (EDV)
The American Stock Exchange has launched trading in the Vanguard Extended Duration Treasury ETF (Amex: EDV). The "EDV" ETF is designed to track the performance of the Lehman Brothers Treasury STRIPS 20-30 Year Equal…
Lazard’s Sell & $25 Target on LDK Solar (LDK, WFR)
Lazard Capital Markets has maintained its sell rating on LDK Solar Co. (NYSE: LDK) despite a 22% rise in the stock today. LDK signed a 10-year "take or pay" contract to supply multicrystalline wafers…
No Good News For CNET (CNET) Investors
According to recent numbers from comScore, CNET’s (CNET) News.com website has been losing audience. Unique visitors in August were 2.478 million. In October, that number fell to 2.045 million. Pageviews from News.com run about…
Celgene Proves Riskier Than Imagined (CELG)
Celgene Corp. (NASDAQ:CELG) is seeing the price of its shares crushed today after trial results were shown on Sunday at the 49th annual American Society of Hematology (ASH) Meeting of Celgene’s drug Revlimid as…
MBIA Raises Cash & Bolsters Books
MBIA Inc. (NYSE: MBI) has entered into a definitive agreement with global private equity firm Warburg Pincus to invest up to $1 billion in MBIA through a direct purchase of MBIA common stock and…
Starbucks (SBUX) May Have Bottomed
Normally, when McDonald’s (MCD) comes out with strong same-store sales and attributes some of its success to revenue from premium coffee, shares in Starbucks (SBUX) sell off. MCD did just that, saying that global…
Yahoo! (YHOO): Short Sale Of The Month?
Yahoo! (YHOO) is looking more and more like the best internet stock for shorting. The stock trades at $25.70 now. This week Barron’s quoted an internet analyst from Bernstein as saying that the company’s…
A Mindless Look At “Blue Ribbon” Companies
Fortune has come up with a list of "Blue Ribbon" companies. The companies on the most Fortune lists (Fortune 500, Fastest Growing, Most Admired, Best To Work For) made the grade. Some of the…
Why Wall St. Won’t Buy Akamai (AKAM) And Limelight (LLNW)
Research firm Kaufman put "hold: ratings on content deliver networks Akamai (AKAM) and Limelight (LLNW) with price targets below where the stocks currently trade. The bull theory on the stocks was that as internet…
A Home Run For Cisco (CSCO)
Cicso (CSCO) has had a bad run. Since earnings the stock has moved from over $34 to below $27. But, today the big router company got good news. AT&T (T) will "upgrade its Internet…