GM (GM) Hits 52-Week Low
Just a couple of months after hitting a 52-week high at $43.20, GM (GM) touched a new 52-week low today at $27.94. Maybe it was word that some auto industry experts think car sales…
All Work
Douglas A. McIntyre
Gannett (GCI) Hit With Another Big Advertising Drop
Gannett (GCI) reported that total pro forma operating revenues for the period ended November 4, 2007 declined 6.8 percent compared with the same period in 2006 Pro forma classified revenues were down 9.7 percent…
Pre-Market Stock News (November 19, 2007)
Below is the top pre-market news that 24/7 Wall St. is looking at today: Knight Capital (NITE) is acquiring EdgeTrade inc. for $29.5 million cash and 2.3 million shares of common stock. Lowe’s (LOW)…
Top 10 Pre-Market Analyst Calls (AFL, BBY, CAT, C, DISH, FNM, LEAP, QCOM, WLP, YHOO)
There are many other impact analyst calls this morning, but these are the TOP 10 ANALYST CALLS that 24/7 Wall St. is focusing on: AFLAC (AFL) raised to Hold from Sell at Citigroup.Best Buy…
McDonald’s (MCD) Knifes Starbucks (SBUX) Again
It is not bad enough that Consumer Reports said the McDonald’s (MCD) coffee tastes better than Starbucks (SBUX). Now, the fast good chain says it will introduce morning drinks that are so good that…
Google (GOOG): A Tax Problem In China?
TechCrunch is reporting that Google (GOOG) may have a big, fat tax problem in China. "Google is being investigated for tax evasion by the Chinese Inland Revenue Department following a tip off from an…
Goldman (GS) Downgrades Citigroup (C)
Goldman Sachs (GS) has downgraded Citigroup (C) to "sell" "with the broker seeing up to $15 billion in write-downs from collateralized debt obligations over the next two quarters," according to MarketWatch.
Ugliness At Lowe’s (LOW)
Shares of Lowe’s (LOW) are off 4% before the open, and no wonder. The company reported net earnings of $643 million for the quarter ended November 2, 2007, a 10.2 percent decline over the…
A Bad Year On Wall St.? Almost $40 Billion In Bonus Money Says Otherwise
Just think about it. Stocks with multi-billion market caps down 40% this year. Merrill (MER) and Bear Stearns (BSC) are down about that much. Lehman (LEH) is down 20% and Morgan Stanley (MS) is…
Europe Markets 11/19/2007
Markets in Europe were down at 6.40 AM New York time. The FTSE was down .8% to 6,243. Barclays (BCS) was down 2.7% to 495.25. The DAXX fell .6% to 7,564. Commerzbank dropped 2.4%…
GE (GE) Lobbies For Nuclear Power Aid
GE (GE) is telling the US government that nuclear power facilities are not going to be built fast enough to help the country with its energy crisis, unless the Fed put some incentives on…
Casinos: Barron’s Take Vs. 24/7 Wall St. Take (WYNN, LVS, MPEL)
This weekend cover story from Barron’s was an article with some concerns over the value of casino stocks with exposure to Macau, and it even hints that valuations are at bubblish levels. It’s summary…
Two Big Reasons Crude Will Go Higher
There would seem to be enough reasons for crude oil to continue its assault on $100, but two more have cropped up, and they may be more powerful than the rest. New information shows…
US Car Industry Could Face 2008 Disaster (GM)(F)(TM)
Imagine what would happen if vehicle sales in the US dropped nearly 10% from one year to the next. Car sales did drop 11% in America during 1991 and hit a low of 14.5…
Media Digest 11/19/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, some auto industry experts think car sales could hit a 15-year low in 2008. Reuters reports that the OPEC summit ended with members disagreeing about what to do about the weak…
Asia Markets 11/19/2007
Markets in Asia fell. The Nikkei was off .7% to 15,043. Hitachi (HIT) rose 2.3% to 750. Softbank fell 4.7% to 2395. The Hang Seng dropped. .6% to 27,460. China Netcom (CN) rose 5,5%…
China Freezes Lending, Risks Breaking Economy, Stock Market
In an extremely dangerous move, the Chinese central government has put a halt to a great deal of the bank lending in the country. According to The Wall Street Journal "a China Banking Regulatory…
Is Nvidia (NVDA) A Buyer For AMD (AMD)?
Mubadala Development Co, the investment arm of the Abu Dhabi government, put $622 million into AMD (AMD) last week to buy 8.1% of the company at $12.70 a share. The market did not like…
Is Abu Dhabi Driving Down The Dollar?
The $650 billion Abu Dhabi Investment Authority is planning to move more if its investment capital into emerging markets. Its management believes that countries like India and China have more growth potential than the…
Washington Post (WPO) Versus NY Times (NYT) Online
The Washington Post Company (WPO) and New York Times (NYT) have been posting very different numbers in their online businesses. While the NYT figures show that its internet operations could offset its declines in…