Countrywide (CFC): No Chapter 11, Again
The head of Countrywide (CFC) stated his case, once more, that the mortgage lender is not a candidate for Chapter 11. But, Angelo Mozilo does appear to like the topic. He brought it up…
All Work
Douglas A. McIntyre
Cramer’s Hidden Video Game Investment (ATVI, ERTS, VIA, PWRD)
On tonight’s MAD MONEY on CNBC, Jim Cramer was promoting his new book and he advised buying one share of stock for your kids out there in a product and company they interact with…
The Day In Stock Buybacks (SMTC, ASI, EQR, DFS, LCUT, IBM, CPT)
Semtech (NASDAQ:SMTC) has purchased a total of 9,836,066 shares of its common stock for an aggregate price of $169.4 million under an accelerated buyback plan; it intends to resume purchasing shares of its common…
CMGI’s Mixed Earnings Bag (CMGI)
CMGI Inc. (NASDAQ:CMGI) earnings have been released. Surprisingly enough, it seems as though that because it is not a $1 or $2 stock any longer that no one is trading the stock. We recently…
The 52-Week Low Club
Verifone (PAY) Company says it will restate results. Down to $23.67 from 52-week high of $50. Bearingpoint (BE) CEO leaves. Big quarterly loss. Falls to $2.65 from 52-week high of $8.56. Blockbuster (BBI) No…
GM (GM) Sales Tumble
GM’s (GM) shares sold off almost 5% on news that it sold 261,273 cars and light trucks in the United States in November compared to 293,558 vehicles a year earlier, an 11% drop. Douglas…
La-Z-Boy Clients On Recliners Instead of Shopping (LZB, STLY, ETH)
It’s of no surprise when you see a furniture maker or anything at all tied to "in home buying" very weak. But some of these sell-offs go from mild, to bad, to outright atrocious. …
Finally, Some Good News From Ford (F)
November was supposed to be ugly for domestic car sales, but Ford (F) did fine. Ford sales totaled 182,951, up 0.4 percent versus a year ago. The company had seen 12 straight months of…
Cramer Sticks With Horsemen of Tech To Year-End (RIMM, AAPL, GOOG, AMZN, GRMN)
Jim Cramer on TheStreet.com videos is staying positive on his "Horsemen of Tech" and he said that today is mark-up day and fund managers will want to own these winning names going into year-end. …
Analyst Report Takes GE Back Under 200-Day Moving Average (GE)
General Electric Co. (NYSE:GE) shares are feeling a sting today after Citigroup lowered certain targets for the company: Citi’s official price target has been cut from $48.00 down to $45.00; Citi’s estimates on GE’s…
Markets Start To Worry About RIM (RIM)
Research-In-Motion (RIMM), the famous Blackberry marketer, is having a rough time. After its stock made a huge run taking it up over 200% YTD in early November, it has sold off. Over the last…
Options Traders Knew Something Fishy At VeriFone (PAY)
We’ve already covered the reasons behind the monumental share price drop being seen at VeriFone (NYSE:PAY). But what is interesting is that it really looks like the options traders must have known something horrible…
VeriFone Does The Unthinkable (PAY)
VeriFone (NYSE:PAY) is seeing shares crushed today after the company issued a release stating that it was going to restate financial results and quarterly financial statements for 2007. This is due to errors in…
Analyst Calls On E*Trade Look Worse
The median target price for E*Trade (ETFC) among analysts polled by Thomson/First Call is $9. Today, Bank of America cut the stock to "sell" and it is trading below $4. B of A’s new…
Pre-Market Stock News (December 3, 2007)
Below is the top pre-market news out of individual stocks: Activision (ATVI) merges with Vivindi’s Blizzard (roughly 68% stake) to form giant video game company; ATVI shares up about 26%. Bruker BioSciences (BRKR) announced…
Top 10 Pre-Market Analyst Calls (AXL, JCI, RATE, CBEY, DISCA, ETFC, FNM, KBR, RIMM, UAUA, VNR)
These are not the only impact analyst calls this morning, but these are the ones that 24/7 Wall St. is focusing on: American Axle (AXL) & Johnson Controls (JCI) both downgraded to Equal Weight…
Europe Markets 12/3/2007
Markets in Europe were mixed at 7 AM New York time. The FTSE fell .3% to 6,417. Northern Rock is down 4.7% to 112.6. Rio Tinto (RTP) is down 2% to 5527. The DAXX…
Citigroup (C) Economist Sees Big Rate Cut
According to Reuters "the Federal Reserve will cut interest rates by 100 basis points before June to help the housing market, Citigroup’s (C) chief economist, Lewis Alexander, said on Monday." Douglas A. McIntyre
E*Trade (ETFC) Cut At Bank Of America
According to MarketWatch, "Bank of America downgraded online discount brokerage firm E-Trade Financial (ETFC) to sell from hold, saying it no longer believes the value of its retail brokerage business can offset negative value…
A Huge Bail-Out for Citigroup (C)
Going back a year, it would be inconceivable that a large American bank might need to be bailed out. But, Citigroup (C) is facing two daunting problems. One is that Moody’s is probably going…