XM Satellite (XMSR) Shares Out-Performing Sirius (SIRI)
Shares in XM Satellite (XMSR) should be trading in tandem with shares in Sirius (SIRI). They are, after all, planning to merge. For much of the year, the two stocks have traded in lock-step.…
All Work
Douglas A. McIntyre
PetroChina (PTR) Prepares To Raise More Dough
PetroChina (PTR) will raise $8.9 billion in the world’s biggest share sale this year to expand refineries and increase output at oilfields. According to Bloomberg, PetroChina will sell 4 billion shares at 16.7 yuan…
Clayton Holdings (CLAY): A New Low
Clayton Holdings (CLAY) provides outsourced services, mortgage-related analytics, and specialized consulting services for buyers and sellers of mortgage-related loans and securities, and other debt instruments. It sounds like a tough busines to be in…
Yahoo! (YHOO) Shares Down On Alibaba IPO
Buy the rumor, sell the news. Maybe. Word that Chinese e-commerce company Alibaba is going public and raising $1.5 billion has not helped Yahoo! (YHOO). The US portal company owns 39% of Alibaba, which…
Google (GOOG) To Start Own Social Network, Compete With Facebook
TechCrunch is reporting that Google (GOOG) is "preparing its own major assault on the social networking scene." The project is currently called “Maka-Maka”. Google already owns large social network Orkut, but most of its…
WellCare Analyst Hopes….. Either Genius Or Just Crazy (WCG)
Shares of WellCare Health Plans (NYSE:WCG) are up marginally in pre-market trading Monday. Jefferies & Co. issued a report that, despite the FBI raids, the company probably won’t lose its Medicare contracts even though…
UAW Deal Done, GM (GM) Looks To China
Now that GM (GM) has its UAW deal in hand, it is hinting that getting its North American business back in shape still may take several years. "It has a chance to significantly improve…
Humana’s Earnings Surge Continues (HUM)
Humana is seeing shares up at new year highs in pre-market trading this morning. The health insurer posted $1.53 EPS versus the $1.48 estimate on revenues of $6.32 Billion versus the $6.22 Billion estimate. …
Pre-Market Stock News (October 29, 2007)
(ALJ) Alon USA lowered guidance.(ARLP) Alliance Resource $0.83 EPS vs $0.78 est.(ARXT) Adams Respiratory received FDA Approvable Letter for Mucinex With Codeine; expects FY08 net sales and EPS to be at the higher end…
Verizon FiOS Adds To Boost Returns (VZ)
Verizon (NYSE:VZ) $0.63 EPS vs $0.62 estimates; Revenue rose to $23.77 Billion versus $23.67 Billion estimates. WIRELESS ADDS: 1.8 million net wireless adds (1.6 million after reductions in wholesale customers); 1.21% retail churn. WIRELINE:…
Goldman Sachs Conviction Buy List: Add Dell, Remove H-P (DELL, HPQ)
This morning Goldman Sachs is making a key change to its PC uinverse coverage. Dell (NASDAQ:DELL) is being added to the Conviction Buy List, and rival Hewlett-Packard (NYSE:HPQ) is being removed from the Conviction…
Pre-Market Analyst Calls (October 29, 2007)
AET cut to Neutral at Merrill Lynch.ARMHY started as Buy at Jefferies.BHI Cut to Mkt Perform at FBR.DCM raised to Hold at Citigroup.DELL raised to Conviction Buy List at Goldman Sachs.HNR raised to Buy…
Gap’s (GPS) PR Problem
One of Gap’s (GPS) factories in India is employing children as young as 10 years-old. According to MarketWatch, "In a statement released later Sunday, Gap said it was only informed of the sweatshop earlier…
Alibaba Prices High, Aids Yahoo! (YHOO)
Alibaba.com Ltd. raised US$1.5 billion in the biggest ever initial public offering by a Chinese Internet company according to The Wall Street Journal. The IPO price translates to a multiple of 55 times Alibaba.com’s…
Europe Markets 10/29/2007
Markets in Europe were higher at 6.10 AM New York time. The FTSE rose .6% to 6,701. BHP Billiton (BHP) rose 2.1% to 1881. Northern Rock fell 2.8% to 185.3 Rio Tinto (RTP) moved…
Another Big Blow To Cable Companies
Most cable company stocks are already trading at 52-week lows. Last week, Comcast (CMCSA) reported earnings and subscriber growth that were below Wall St. expectations. And AT&T (T) came out with earnings that showed…
Nintendo Plans To Add More Stuff To The Wii And DS
Nintendo, which makes the DS portable videogame device and Wii console, said it hoped to start by unveiling new features for the DS next year that would be more practical than entertaining, according to…
Oracle (ORCL) Drops BEA Systems (BEAS) Bid
Oracle (ORCL) dropped its $17-a-share bid for BEA Systems (BEAS) when a deadling set by the larger company passed. "BEA shareholders should not assume that Oracle will renew its $17 per share offer in…
GE’s (GE) Overseas Dreams
GE (GE) management has a theory. With its business growing at 15% to 20% in large countries like China and India, a slowdown in the US economy may barely dent its overall growth. Jeffrey…
Media Digest 10/29/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Oracle (ORCL) has withdrawn its bid for BEA Systems (BEAS). Reuters writes that profits at Toahiba rose 38%. Reuters reports that Chrysler workers have approved the UAW contract with the company.…