Dow (DOW) Downgrade: Nonsensical
NEW YORK, May 23 Analysts at Credit Suisse downgrade The Dow Chemical Co (DOW) from "outperform" to "neutral." The target price is set to $50. In a research report, the analyst Mark Connelly wrote…
All Work
Douglas A. McIntyre
Internet Taxation Woes Headed Your Way
If you sell anything online, own an ISP, produce online content, send electronic data, or rely on Internet connectivity for your paycheck, then you better pay attention to a movement that states and local…
ABC – AmerisourceBergen: Anemic Outlook in Perspective
By CrossProfit 05/24/2007 The big three distributors dominating the pharmaceutical distribution market in the US are; Cardinal Health (CAH), Mckesson Corp. (MCK) and AmerisourceBergen (ABC). Market cap is approximately $26.6B, $17.9B and $9.8B respectively.…
SprintNextel (S): An “F” For Customer Service
Sprint Nextel (S) #3 wireless carrier behind AT&T (T) and Verizon was formed by the merger of Sprint and Nextel in 2005 with a stated goal: "Two great traditions of bold innovation have come together…
Bausch & Lomb May Get a Higher Bid
It looks like there is going to be a new bidder in the buyout for Bausch & Lomb (BOL). Advanced Medical Optics (EYE-NYSE) is reportedly forming a bid according to CNBC’s David Faber that…
IPO Filing: Duff & Phelps
Duff & Phelps Corporation, has filed to come public in an IPO under the “DUF” ticker on the NYSE. The underwriting group is rather large with Goldman Sachs and UBS as lead underwriters and…
Vodafone (VOD) Goes After Motorola (MOT) And Nokia (NOK)
Vodafone (VOD) is going into the handset business and that has to make the big companies in that industry, Motorola (MOT) and Nokia (NOK) more than a bit nervous. The sweat is probably more…
Pre-Market Stock News (May 24, 2007)
(AMD) Advanced Micro Devices subpoenas Intel’s lawyers in case.(ANN) Ann Taylor $0.46 EPS vs $0.46e.(BRLC) Syntax-Brillian priced 25.6 million shares at$5.75 per share.(CVTX) CV Therapeutics is lowering its operating expenses of $275-285M to a…
Dendreon Downgraded by JMP Securities (DNDN)
Dendreon Corp. (DNDN-NASDAQ) was downgraded from an “Outperform” rating to a “Market Perform” rating. The brokerage sees uncertainties and risks going into an expected meeting FDA meeting over the recent “approvable and request for…
Earlybird Analyst Calls (May 24, 2007)
BF/B started as Buy at A.G.Edwards.BMO raised to Outperform at CIBC.DNDN downgraded to Mkt Perform at JMP Securities.GNVC started as Buy at Stifel Nicolaus.INSU started as Neutral at RWBaird.MPW raised to Buy at Stifel…
Europe Markets 5/24/2005
Markets in Europe were off modestly at 6.20 AM New York time. The FTSE was down .3% to 6,598. Cable & Wireless was up 4.8% to 159.6. GlaxoSmithKline (GSK) was down .7% to 1334.…
BA – Boeing: Chief Executive McNerney Confirms; China to Compete
By CrossProfit In an all encompassing interview, Chief Executive Jim McNerney confirmed what some at CrossProfit had suspected and documented in this article. To quote McNerney; "…competition, I think is inevitable. China has market…
Dell (DELL) Installs Linux As Microsoft Makes Patent Claims
Dell (DELL) is starting to install open source Linux operating systems into some of its PCs. The new products will carry prices as low as $599. Linux is generally less expensive to license than…
Toll Brothers (TOL): More Bad News For Home Depot And Lowe’s
Toll Brothers (TOL) announced quarterly results that we just short of a disaster.The home builder’s earnings fell to $36.7 million from $174.9 million, or $1.06 a year earlier. Revenue dropped 23% to $1.17 billion.…
GlaxoSmithKline (GSK): Heart Disease And Smoking Guns
A leading diabetes expert says that he wrote the FDA about the heart risks of GSK diabetes drug Avandia. That was seven years ago. More recently, New England Journal of Medicine released a study…
Media Digest 5/24/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Air France has ordered $7 billion of new aircraft split between Boeing (BA) and Airbus. Reuters writes that Alan Greenspan sees a sharp drop for Chinese stocks. Reuters reports that shares…
Asia Markets 5/24/2007
Asia markets were off slightly with some markets closed for a holiday The Nikkei was off .1% to 17,697. Hitachi (HIT) was up 2.5% to 888. Honda (HMC) was up 1.7% to 4200. NTT…
Closed-End Funds To Consider- UTF, SRO, ESD
By Yaser Anwar, CSC of Equity Investment Ideas
Usually a Contrarian Investor, Kerkorian Takes Aim at Bellagio, City Center Instead
By Chad Brand Of Peridot Capitalist
Wednesday’s Top Biotech & Medical Stocks
by H.S. AyoubBioHealth Investor.com