Local.com Loving the U.K. (LOCM)
Shares of Local.com Corp. (NASDAQ:LOCM) are trading higher this morning after the company issued a press release stating that the search engine that pipes down into a local format has taken its United Kingdom…
All Work
Douglas A. McIntyre
Seanergy, A SPAC Debut (SRG-U)
Seanergy Maritime (AMEX:SRG-U) just began trading yesterday on the American Stock Exchange. The company sold 22 million units at $10.00 per unit. One unit consisted of one share of common stock and one warrant,…
Short Sellers Lighten Up On Growth Restaurant Chains (RRGB, PZZA, MSSR, BWLD, SBUX, CAKE, TXRH, CBRL, PFCB, PNRA)
We’ve started seeing some of the recent emptier pockets of Joe Q. Consumer, and after a warning yesterday out of McCormick & Schmicks’s we wanted to see how some of the NASDAQ growth restaurant…
Thanksgiving Eats Resources Connection (RECN)
Resources Connection (RECN) will miss its quarterly guidance because of when Thanksgiving falls this year, according to Reuters. Revenue will only hit $200 million. Wall St. wanted $216.5 from the temp professional employee company.…
Chinese Stocks Get Out Of Hand
Shares in China Precision Steel (CPSL) are up 17% today. China Bak Battery (CBAK) is up 41%. CBAK was added to one of the Nasdaq indices on Monday, but that should not do much…
Boeing (BA) Gets Hand-Outs From US Govt, According To Airbus
All that work that Boeing (BA) gets to build military aircraft. It is really a disguised way to help the US company’s profits so that it can beat the daylights out of Airbus in…
Internet Short Sellers Mixed Bag (EBAY, GOOG, VCLK, YHOO, AZMN, BIDU, VRSN)
Overall short selling has dimished for August, but it appears the short sellers are sticking around for a fight in some of the go-to internet stocks. DECREASED SHORT INTEREST: Google (GOOG) …
Xinhua Finance Media Scores Talent & Investment (XFML)
Xinhua Finance Media Limited (NASDAQ:XFML) may have found a savior. Investment firm Yucaipa has signed a deal to buy a block of Xinhua Finance Media shares from certain stockholders that have come off the…
Pre-Market Analyst Calls (September 26, 2007)
A started as neutral at B of A.AEO raised to Outperform at Wachovia.AGU cut to Sector Perform at CIBC.AMLN started as Buy at Jefferies.APH started as Outperform at Credit Suisse.BIIB started as Hold at…
Short Sellers Backed Off CMGI Into Earnings (CMGI)
CMGI Inc. (NASDAQ:CMGI) saw its short interest come in at 34.781 million shares in September 2007, down some 12% from the 39.926 million shares listed as being in the August short interest. Shares traded…
Redhat (RHT) Gets A Win For Linux
The advocates of open source keep saying that Linux will eventually start to do some real damage to Microsoft (MSFT) Windows. Well, the largest enterprise Linux company in the US, Redhat (RHT) showed that…
Europe Markets 9/26/2007
Markets in Europe were up at 7.20 AM New York time. The FTSE rose .8% to 6,447. Invesco was up 4.8% to 662. Northern Rock was up 9.7% to 179. The DAXX was up…
Nintendo Becomes No.2 Market Cap Company In Japan
The FT writes that Nintendo is now the No.2 market cap company in Japan, trailing only Toyota (TM). While this may say something about the company’s video game platform sales lead over the Microsoft…
24/7 Wall St. Discount Broker Survey
24/7 Wall St. did an online survey asking visitors to its website which discount broker give the best service. With 106 respondents, these are the results: Scottrade 29%…
September Nasdaq Short Interest
Short interest in several large Nasdaq traded companies fell sharply in September. The figures are calculated as of September 14 and are compared to numbers from August 15, 2007. Short interest in Level 2…
GM (GM) And UAW Reach Tentative Agreement
At 4 AM, the UAW reached an agreeement with GM (GM) on a tentative four-year contract. The deal is said to create a two-tier compensation system and establish a new health fund controlled by…
Media Digest 9/26/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Toyota (TM) says that its sales in the US may not rise this month. Reuters writes that Microsoft (MSFT) will replace a number of damaged disks from its new Halo 3…
Asia Market 9/26/2007
Markets in Asia were mixed and Hong Kong was closed for a holida. The Nikkei rose .2% to 16,426. Isuzu Motors rose 3.1% to 660. KDDI fell 2.5% to 822000. NTT (NTT) fell 1.5%…
Red Hat Looking More Green & Blue (RHT, VMW)
Red Hat Inc. (NYSE:RHT) is starting to look more and more like a traditional software company each quarter. The valuations are no longer like virtualization values, and virtualization is probably going to help Linux…
The 52-Week Low Club
Pier 1 Imports (PIR) Analyst lowers estimate. Stock falls to $4.41 from 52-week high of $9.06. Standard Pacific (SPF) Homebuilder taken down by more bad sector news. Falls to $6.12 from 52-week high of…