Asia Markets 5/23/2007 Shanghai Rises Again
Markets in Asia were mixed. The Nikkei rose .1% to 17,705. NEC (NIPNY) fell 1.7% to 621. Toyota (TM) rose .8% to 7300. The Hang Seng fell .1% to 20,820. China Unicom (CHU) rose…
All Work
Douglas A. McIntyre
Alcan (AL) Rejects Alcoa, Talks To BHP Billiton (BHP)
Alcan (AL) rejected Alcoa’s (AA) $27 billion talkeover bid as inadequate, even though it had taken Alcan’s shares up to over $81. But, Alcan is sly. It appears that the company has begun talks…
Short Selling Pain, Broken Down By Sector
Yesterday was a bit of a shocker when you realize that NYSE short interest was coming out on basically record levels. Unfortunately not every sector could be covered, but we hit many of the…
DJIA Components Huge Rise in Short Selling (MAY-07)
We reviewed various short selling trends and noticed that most sectors were mixed to up as the April to May reached record levels. But reviewing the 28 Dow Jones Industrial Average components that trade…
Cramer’s 2nd Batch of Individual DJIA Component Targets
Tonight on MAD MONEY Cramer, gave his targets for individual components. Last night he gave the first six price targets which you can see here. Caterpillar (CAT) is still one that people don’t understand…
Short Selling Up in Drug & Medical Stocks
Some sectors showed mixed results in the short selling, but the Big Pharma and medical instruments and related companies saw an increased activity in short selling in May versus April. Below is the actual…
Alcan Shunning Alcoa (AA, AL)
Alcoa Inc. (AA-NYSE) recently made an unsolicited offer to acquire Alcan Inc. (AL-NYSE), but after today’s close Alcan formally notified Alcoa that the offer was inadequate and not in the best interests of Alcan…
Medtronic Indicated Higher on Earnings (MDT)
Medtronic (MDT-NYSE) posted quarterly results with revenues up 75 to $3.28 Billion, helped on currency by $71 million. Net earnings were 4812 million, or $0.70 EPS but $0.66 adjusting for charges and tax benefits. …
The 52-Week Low Club
Newmont Mining (NEM) Still hurting from Moody’s downgrade. Off to $38.64 from 52-week high of $56.50. McClatchy (MNI) Has been off the lost for some time, but back now due to awful April newspaper…
Palm Up After Conference Cancellation
Shares of Palm Inc. (PALM-NASDAQ) saw some interesting movement today as word circulated that it had pulled out of a presentation at the J.P.Morgan Chase Technology Conference. This is the sort of event that…
KongZhong (KONG) falls from grace – for now
The Motley Fool called KongZhong Corporation (KONG) the best small cap stock for 2007 back in December. They noted that KongZhong is the second-largest wireless value-added service (WVAS) provider in China, their business was…
Railroads: Short Sellers Versus Buffett & Gates (UNP, NSC, CP, BNI, CNI, CSX, KSU)
Since Warren Buffett and Bill Gates, plus many others now, have gone after more railroad holdings, we thought it would be interesting to see how short sellers are acting in the names. Supposedly you…
INTC: Intel and ST Micro Joint Venture – The Devil is in the Details
By William Trent, CFA of Stock Market Beat STMicroelectronics (STM), Intel (INTC – Annual Report) and Francisco Partners today announced they have entered into a definitive agreement to create a new independent semiconductor company…
Mixed Bag in Energy Short Selling (BP, VLO, MRO, BHI, RIG, XOM, CVX, COP, SLB, HAL, OIH)
Stock Tickers: BP, VLO, MRO, BHI, RIG, XOM, CVX, COP, SLB, HAL, OIH The short interest for MAY 2007 is out and the oil and energy patch names is fairly mixed. The Oil Service…
AT – Alltel Corp: The Insane, The Bad & The Ugly
By Saul Sterman At first I was going to list all the M&A deals announced to date this year and then realized that this would be the longest article I had ever written in…
Shorting the Brokerage Stocks (MS, GS, BSC, AGE, JEF, RJF, MER, LEH, IAI)
Stock Tickers: MS, GS, BSC, AGE, JEF, RJF, MER, LEH, IAI The short interest for MAY 2007 looks a bit mixed in the brokerage firm stocks from April to May, although on a net…
Qualcomm (QCOM) And Sun Micro (SUNW): Share Buy-Backs Don’t Help
Qualcomm’s (QCOM) board approved a $3 billion share buy-back. The stock moved down after the open and then flattened out at $46.20. Qualcomm is flat this year, while the S&P is up about 20%.…
Dendreon Interest Remains Extremely High
Since Dendreon (DNDN) has gotten a bit of life this week, there have been numerous inquiries as to "Where is this stock going?" from stock investors. There is obviously some hope by investors that…
Openwave Shareholders Get Robbed Blind
A large shareholder in wireless software provider Openwave (OPWV) has offered to take a majority interest in the company, but for an amount less than where the shares have been trading. Neat trick. The…
May Short Interest in Bank Stocks Mixed (JPM, STI, USB, NCC, STT, BAC, C, WFC, BK)
Stock Tickers: JPM, STI, USB, NCC, STT, BAC, C, WFC, BK The short interest for MAY 2007 is out., and there is notreally any trend in the large money-center and super-regional banks sector. We…