PetroChina (PTR) Passes GE (GE) In Market Cap
The news should cause some concerns or perhaps weeping among US investors who see big US companies as the pride of the global corporate fleet. PetroChina (PTR), China’s big oil company, passed GE (GE)…
All Work
Douglas A. McIntyre
Google: Best Bell Weather For US Earnings
Google (GOOG) has changed a great deal in the last two years. It is not just the bigger revenue and the growing share of market. It is not that the company has desktop software…
Citigroup (C) Forecast Was Right, It Has A Bad Quarter
Citigroup’s (C) quarter was as bad as advertised. The bank reported net income for the 2007 third quarter of $2.38 billion, or $0.47 per share, a decline of 57% from the prior-year quarter. Results…
A Sucker Rally In Ford (F)
Shares in Ford (F) are up almost 25% this year. Toyota’s (TM) are down about 15%. GM (GM) is the share price champion, rising about 35% since January 1. Ford does not deserve the…
Broadcom’s (BRCM) Plan To Bring Down CellPhone Prices
Perhaps the largest single problem in the handset market is that unit prices are falling sharply. Recent earnings releases from Sony Ericsson and Samsung show good growth in the number of handsets that they…
Pfizer’s Dump Internet Program
Pfizer (PFE) is hooking up with doctor social network Sermo. According to The Wall Street Journal: "Pfizer-affiliated doctors will be able to talk candidly with the site’s 31,000 members, potentially giving the company insights…
Gabelli Gets Sick Of Cablevision (CVC) LBO Price
Cablevision (CVC) is supposed to go private in a transaction lead by the company’s founding Dolan family. The shares currently trade at $34. Uber-fund manager Maria Gabelli, whose investment companies hold 8% of Cablevision’s…
A Death Notice From Medtronic (MDT)
Medtronic (MDT) is warning doctors and patients to look at the company’s latest "defibrillator models because it was prone to a defect that has caused malfunctions in hundreds of patients and may have contributed…
Media Digest 10/15/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Citigroup (C) and other large banksare planning to create a roughly $80 billion fund to buy ailing mortgage securities and other assets. Reuters writes that Medtronic (MDT) is suspending sales of…
Asia Markets 10/15/2007
Markets in Asia rose. The Nikkei was up .2% to 17,358. Docomo (DCM) was down 1.2% to 164000. Softbank was up 3.5% to 2630. Toyota (TM) was down 1.7% to 6450. The Hang Seng…
A Knock On GE (GE)
“GE did not manage to convert growth into profitability as well as we had expected,” Nigel Coe at Deutsche Bank said to the FT. That seemed to sum up why the GE third quarter…
Are Hong Kong Shares Cheap?
Some interesting analysis from Bloomberg. "Hong Kong’s most expensive stockmarket in three years looks cheap to investors at TempletonAsset Management Ltd. and Baring Asset Management Inc." And based on cash flow, HongKong is the…
BloggingStocks And SeekingAlpha: A Horse Race
After last week’s 24/7 Wall St. valuation piece that pegged financial blog and comment site SeekingAlpha’s value at $36 milllion, we took a look at its primary competition, AOL’s BloggingStocks. Based on information from …
The Week’s 52-week Highs And The Broader Market
A number of investors watch the list of 52-week highs each day or eachweek. It is a list that tells a story. Stocks that have risen over along period can be a "tell" about…
Qualcomm (QCOM): The Incompetence Gets Worse
CNNMoney writes: "Chipmaker Qualcomm (QCOM) dueled Friday in federal court with its hiredattorneys over who shoulders the blame for what a judge called "grossmisconduct on a massive scale" at a past trial." The news…
Citigroup’s (C) Insane To Plan To Improve Balance Sheet
In a far-reaching response to the global credit crisis, CitigroupInc. and other big banks are discussing a plan to pool together andfinancially back as much as $100 billion in shaky mortgage securitiesand other investments.…
Biogen Idec (BIIB) Puts Itself On The Block
Biotech firm Biogen Idec (BIIB) has put itself on the block, another victim of shareholder activist by Carl Icahn. The company said that several firms had expressed interest. According to The Wall Street Journal,…
This Week on Stockhouse October 8 to 12
How prosperous are you? How about our neighbours? In the latest edition of an ongoing series examining how statistics can change outcomes for the stock market, littleguy123 looked at core inflation statistic (http://beta.stockhouse.com/Community-News/2007/October/8/Turning-straw-into-gold). Liverless,…
Nasdaq Short Interest (LVLT)(MSFT)(SIRI)(INTC)
Below is the short interest for selected stocks traded on the Nasdaq. The figures are as of September 28 and compare to numbers as of September 14, 2007. Largest Short Positions Company …
The Week In Review (BEAS, ORCL, MCD, C, GE, MSFT, BIDU, VMW, ERTS, TSCM, VM, WMT, COST, BA, VLO, EBAY)
This was a long and crazy week for stock traders, but the Bond weasels got Monday off and only had a four-day work week. Thursday was the mystery tank day when the beleaguered tech…