Ethanol Downgrades Keep Coming (AVR, PEIX, VSE)
If you watch our daily hits on stocks that are hitting 52-week lows, then you know by now that ethanol stocks get kicked almost daily. Today is no different as Goldman Sachs has cut…
All Work
Douglas A. McIntyre
Pre-Market Stock News (September 27, 2007)
(AMR) AMR has had an 8% stake of Icelandic investment fund and wants to enhance shareholder value; shares up almost 3%.(BTE) Baytex noted as having most upside and takeover hopes in Canadian Oil Trusts…
British Air Blows Out Boeing
British Air (BAB) gave Boeing (BA) a big order for its 787 Dreamliner–24 planes. At the same time it dropped the 747 as its large long-haul plane and bought the A380 super-jumbo instead. The…
Pre-Market Analyst Calls (September 27, 2007)
AET started as Outperform at Wachovia.CI started as mkt perform at Wachovia.CEO cut to Neutral at Goldman Sachs.EQ cut to Underweight at Morgan Stanley.GME cut to Neutral at UBS.HNT started as mkt perform at…
Starbucks (SBUX) Gets Downgraded
After watching its stock fall for most of the last year, Starbucks (SBUX) watched Bank of America add insult to injury. It downgraded the stock from neutral to sell. The reason was "the inflection…
Microsoft Releases Upgrade Of Search Tech
Microsoft (MSFT) is about to release the newest version of its search technology. Of course, it works better than the current version. That might give it a chance to gain some ground against Google…
Can Google Buy-Off Europe?
According to the Financial Times, Google (GOOG) plans to expand its global staff by one-third over the next couple of years. Most of the new people will be added in Europe. Europe seems as…
Media Digest 9/27/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Retuers, BA (BAB) ordered $8.2 billion in planes from Airbus and Boeing (BA) . Reuters writes that Marriott (MAR) plans to quadruple its hotels in China. Reuters reports that first day sales…
Asia Market 9/27/2007
Markets in Asia rose. The Nikkei was up 2.4% to 16,832. Hitachi (HIT) was up 7% to 750. Toyota (TM() was up 1.6% to 6690. The Hang Seng rose 2.4% to 27,066. China Mobile…
Disappointment Over Microsoft’s HALO 3 Day One Sales? (MSFT, GME, ERTS, TTWO)
We all know about the incredible hype and demand for Microsoft’s (NASDAQ:MSFT) monster release of HALO 3 from Bungie Studios. The figure that is being thrown out is roughly $170 million in the first…
Mergers Closing For Vote (FLEX, SLR, PYX, ENR, NWRE, HPQ, AGE, WB, AV, RARE, DRI)
This week we have many mergers coming up for approval from shareholders, and many of these will no longer be trading after this week. Here is a partial list of the more active stocks…
Cramer on Canadian Oil Trust Takeover Names (BTE, CNE, PGH, PVX, PWE, AAV, GDI)
On tonight’s MAD MONEY on CNBC, Jim Cramer addressed a couple of issues that may take the DJIA to his year-end target. General Motors (NYSE:GM) to $45.00 by year-end since they got the healthcare…
The Business Day In Global Warming (KSS, MAG, FPL, BZH, PRRY, CPNLQ, DELL, ING)
Kohl’s Department Stores (NYSE:KSS) is activating a solar rollout to its 63 California locations. Magnetek, Inc. (NYSE:MAG) has received orders from United Technologies (NYSE:UTX) for PCS-2C and -2D fuel cell power inverters totaling 2.4…
The 52-Week Low Club
Vonage Hldgs (VG) After losing case to Sprint (S), the company loses an appeal against Verizon (VZ). Falls to $.89 from 52-week high of $7.89. Pulte Homes (PHM) Endless fall for home builders. Down…
SIGA Rocks On Its Small Pox Candidate (SIGA)
SIGA Technologies, Inc. (NASDAQ: SIGA) shares are trading higher after the company announced that its lead smallpox drug, ST-246, has passed another milestone by demonstrating 100% protection against death in cynomolgus monkeys showing signs…
Best Buy’s Musical Chairs Game For Management (BBY)
Best Buy (NYSE:BBY) is doing a large management suffle. Normally management shuffles spook investors and normally we don’t like to see them in good companies. But if this was being evaluated in school or…
Sallie Mae Knows Her Merger Is Toast (SLM, JPM, BAC)
SLM Corp. (NYSE:SLM), or Sallie Mae, has announced that it has been informed by a representative of the buyer group led by J. C. Flowers, Bank of America (NYSE:BAC) and JPMorgan Chase (NYSE:JPM) that…
Will Warren Buffett Take Control Of Bear Stearns
The New York Times is reporting that Warren Buffett may be one of the people looking at taking a large interest in Bear Stearns (BSC), perhaps 20%. Bank of America (BAC) and Wachovia (WB)…
Intel And Nokia Build A WiMax World
Intel (INTC) and Nokia (NOK) have closed a deal under which the big chip company will provide the world’s largest handset company with the ability to launch WiMax enable products within a year. Sprint…
Cephalon’s FDA Warning More of a Formality (CEPH)
Cephalon Inc. (NASDAQ:CEPH) is a biotech that has been under a bit of a low ceiling after its recent blunder regarding FENTORA. As a reminder FENTORA is that cancer pain drug that the company…