Europe Markets 11/16/2007
Markets in Europe were broadly lower at 6.10 AM New York time. The FTSE fell .7% to 6,317. Barclays (BCS) was down 2.2% to 519. Prudential (PUK) was down 2.6% to 658.5. The DAXX…
All Work
Douglas A. McIntyre
A Car In Every Garage, A Wii In Every Pot
Americans have certain rights. Among them are to own a car and have a square meal everyday. Most, but not all citizens enjoy those things. Now, Nintendo wants to add to that list that…
Microsoft (MSFT) Wants 30% Of Search Market
Someone at Microsoft (MSFT) spent too long in the sun and baked his brain. The world’s largest software company says that it plans to be one of the two largest players in online advertising…
Google (GOOG) To Bid For Wireless Spectrum, But Then What?
The Wall Street Journal claims that Google (GOOG) is about to invest at least $4.6 billion in buying wireless spectrum at the FCC auction in January. Owning a big piece of the wireless pie…
Media Digest 11/16/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, the pace of capital spending in China rose quickly, making a rate increase likely. Reuters writes that an investigation into the finances of Fannie Mae (FNM) is likely after Fortune magazine…
Asia Markets 11/16/2007
Market in Asia were sharply lower. The Nikkei fell 1.6% to 15,154, Mitsubishi Motors fell 3.8% to 201. NEC (NIPNY) fell 3.1% to 504. The Hang Seng fell 4% to 27,614. China Mobile (CHL)…
China Looks To US To Keep Its Economy Hot
Perhaps Americans thought they would never hear it, but the Chinese have admitted that US consumption is one of the critical engines of the Asian country’s 10% annual GDP growth rate. And, a possible…
More Evidence of Corporate Credit Crunch Continuing (TLI)
LMP Corporate Loan Fund Inc., (NYSE:TLI) is a closed-end fund that makes money off corporate loans participation. If you think the credit fallout isn’t weighing in on corporations, the news out of the closed-end…
Autodesk Shareholders Wanted More (ADSK)
AutoDesk (NASDAQ:ADSK) has posted non-GAAP EPS of $0.49 on revenues of $538 million, while First Call estimates were $0.47 EPS and $536.14 million in revenues. Here is guidance: Q4-2008 (Jan-2008 end): Non-GAAP earnings per…
The 52-Week Low Club
Novastar Finl Inc (NFI) Poor earnings and possible delisting. Drops to $1.72 from 52-week high of $127.20. Standard Pacific (SPF) Home builder. Down to $3.66 from 52-week high of $30.52. Fannie Mae (FNM) Bad…
Intuit Holds Its Own, Despite Losses (INTU)
Intuit Inc. (NASDAQ:INTU) has posted revenues of $444.9 million, which is up 27% from the year ago quarter. Its non-GAAP loss was -$0.10 EPS. First Call had estimates at -$0.12 EPS on $437.5 million…
Starbucks (SBUX) Gets Creamed
Starbucks (SBUX) was down over 2% much of the day, but rallied into the close. Analysts expected quarterly revenue to come in at $2.42 billion and EPS to run $.21. As it turned out…
TheStreet.com Takes On An Investor (TSCM)
TheStreet.com, Inc. (NASDAQ: TSCM) has announced that Technology Crossover Ventures has agreed to purchase a minority stake in TheStreet.com for some $55 million. The investment is to support the Company’s accelerated expansion strategy. The…
GlaxoSmithKline (GSK) Take More Heat
Now that the FDA has forced GlaxoSmithKline (GSK) to put a "black label" on its diabetes drug Avandia, the competition is going for a coup de grace. Takeda Pharmaceutical Co Ltd said on Thursday…
More Bad News On SIVs
Bloomberg writes: "The net asset value of structured investment vehicles, companies that borrow short term to buy higher yielding securities, has fallen to 69.7 percent as the credit slump erodes their holdings, Fitch Ratings…
If Banks Are Good For Warren Buffett, Are They Good For You? (WFC, USB, BAC, KMX, UNH, WLP, BNI, BRK-A)
Last night came the filing from Berkshire Hathaway (NYSE:BRK-A) showing its public company stock holdings as of September 30, 2007. Berkshire’s four largest holdings in the report are American Express (NYSE:AXP), Coca-Cola (NYSE:KO), Procter…
Stocks Under $10: Ford (F)
For everything that has happened at Ford (F) over the last three months, Wall St. should expect some movement in the shares. But, they are flat. Barely a penny of movement. The market is…
Largest Van der Moolen Specialist Stocks II (VDM, LAB, HUM, MBI, IP, MT, PFE, PHM, SAP, HOT, SYK, TXT, UA, WEN)
We have already noted the Van der Moolen (NYSE:VDM) exit of all NYSE Specialist activities and we’ve already covered some of the other key stocks where Van der Moolen acts as a Specialist in…
Largest Van der Moolen Specialist Stocks (VDM, ANF, APA, CAG, DDS, DIS, HOG, HTZ, HPQ)
We have already noted the Van der Moolen (NYSE:VDM) exit of all NYSE Specialist activities. What we wanted to look at is the underling stocks companies where Van der Moolen acts as a specialist…
Van der Moolen Bites The Dust As NYSE Specialist (VDM, NYX)
Van der Moolen (NYSE:VDM) posted another loss today, but we don’t even care about the results after looking at the real news. Van der Moolen is terminating its operation as a U.S. specialist on…