Getty Images Stock Hits Multi-Year Lows (GYI)
We have covered Getty Images (NYSE:GYI) about how they are a business at risk, how they are going to lose market share, how their margins are going to compress almost routinely into the future,…
All Work
Douglas A. McIntyre
Sirius (SIRI) Beams Up New Devices, Tries Solving iPod Envy
From Silicon Alley Insider Just returned from Sirius’ (SIRI) gadget showcase at their Midtown headquarters. The most interesting device they showed off is the new Stiletto 2, an Apple (AAPL) iPod-sized gadget that can…
Taking Charter (CHTR) Private
Billionaire Paul Allen disclosed that he was looking that the possibility of taking Charter Communications (CHTR) private or "a recapitalization or restructuring designed to reduce Charter’s leverage", according to The Wall Street Journal. Dream…
Amgen Moves From Biotech to Big Pharma, With More Baggage
Amgen Inc. (NASDAQ:AMGN) did what Wall Street thought it would in its after-the-bell conference call. The biotech giant announced layoffs to the tune 12% to 14% of its workforce, which translates to about 2,200…
The VIX Crosses Above 30….An Omen, Or Closer To An Extreme
DJIA 12,861.47; -167.45 (-1.29%)S&P500 1,406.70; -19.84 (-1.39%)NASDAQ 2,458.83; -40.29 (-1.61%)10YR- Bond 4.706%; -0.026%NYSE Volume 3,365,515,000NASD Volume …
Countrywide (CFC) Merrill Rating: Credit Where Credit Is Due
Merrill put a "sell" on Countrywide Financial (CFC) which looked late in the game. For shareholders who got into the stock earlier in the year, the rating could have come much earlier. For those…
Wal-Mart Flirts With 52-Week Lows; Will Lee Scott Consider His Future? (WMT)
Retail behemoth Wal-Mart (NYSE:WMT) has graced us today with a dubious 52-week low. If this gets under and closes under $43.48, then Wal-Mart stock will be riding a true 52-week low. On a dividend…
Salesforce.Com Set For Earnings (CRM)
After today’s close, we’ll get the awaited earnings relase from Salesforce.com (NYSE:CRM). First Call pegs estimates at $0.01 EPS and $173.6 million in revenues. Next quarter estimates are $0.02 EPS and $188.3 million in…
Maybe Warren Buffett Is The Buyer of Last Resort in Financials (BRK-A, WFC, BAC, USB)
Yesterday evening’s FED FILINGS shows some interesting increases in holdings in Warren Buffett’s Berkshire Hathaway (NYSE:BRK-A). He boosted holdings in his financial stocks, and it is helping the stocks today. Keep in mind that…
Countrywide Financial (CFC) Shrugs Off Merrill “Sell”
The market ignored Merrill’s "sell" call on Countrywide (CFC) today. Merrill had rated the mortgage company as a "buy" since 2005. The stock was off only 1.4% at 11.15 AM New York time. The…
IPO Filing: Value Financial Services, A Pawn Operation (VFSI)
Value Financial Services, Inc., a pawn shop operator, has filed to come public via an IPO under the NASDAQ ticker "VFSI." The pawn operator lists JMP Securities and Ferris Baker Watts as the underwriters.…
Yahoo! (YHOO) Finance Missing NYSE Quotes
Yahoo!’s (YHOO) live NYSE stock quotes are down this AM. Any Yahoo! paid subscriber to quotes cannot access any stocks traded on the big NY exchange. A check with other online live quote services…
Merrill Lynch’s Very Late Countrywide (CFC) Call
Merrill Lynch downgraded Countrywide Financial (CFC) to a "sell" today. It has had a "buy" on the stock since April 2005, according to Bloomberg. And, investors always thought analysts earned money to be ahead…
A Google (GOOG) Takeover Of Adobe (ADBE)?
GigaOm has suggested that Google (GOOG) may look at buying online tools company Adobe (ADBE). While the big search company would get the large Acrobat and Photoshop, the key to a buy-out would be…
E*Trade DARTs Rise As Customer Internals Weaken (ETFC)
E*Trade Financial Corp. (NASDAQ:ETFC) released the industry metric that Wall Street looks at to see how its overall trading revenues are going. Its DARTs (daily average revenue trades) rose a whopping 20.8% in July…
Broadcom (BRCM) Works To Shut Qualcomm (QCOM) Down
Broadcom (BRCM) is arguing in federal court that Qualcomm (QCOM) should be prohibited from selling a number of its chips because they infringe on BRCM patents. According to Reuters: "Broadcom was seeking an injunction…
Pre-Market Stock News (August 15, 2007)
(AMAT) Applied Materials trading down 3% after yesterday’s earnings.(CSC) CSC said it is part of a large government pact that will result in close to $900 million to CSC.(DE) Deere $2.37 EPS vs $1.99…
Pre-Market Analyst Calls (August 15, 2007)
ABR cut to Equal Weight at Lehman.AXA cut to Neutral at Credit Suisse.CEN cut to Neutral at UBS.CNO started as Mkt Perform at FBR.CPLA started as Buy at Citigroup.DGX started as Neutral at Credit…
Wal-Mart (WMT) Will Begin To Close Stores
Wal-Mart’s (WMT) quarterly numbers were awful and they sent the company’s shares to a new 52-week low of $43.52. The 52-week high is $52.15. The weakest part of the retail chain is still its…
AMD (AMD): Is Its New Chip Late?
The Inquirer is reporting that the new AMD (AMD) multi-core Barcelona chip is shipping late. The chip was scheduled to go to market in mid-August, and it has apparently not shown up, nor has…