The 52-Week Low Club
Jackson-Hewitt (JTX) Tax service franchise facing shutdown of 125 outlets and fraud charges at some offices. Shares down to $26.26. The 52-week high was $37.44. Advanced Micro Devices (AMD) Big semi company down again.…
All Work
Douglas A. McIntyre
VoIP Presses The Telephone Company
Bernstein Research predicts that Comcast (CMCSA) will pass Vonage (VG) as the No.1 provider of VoIP service in the US when Q1 is reported. The firm’s analysis shows that the largest US cable company…
Cramer’s STOP TRADING (APR 3, 2007)
On today’s STOP TRADING segments on CNBC, Jim Cramer was on the road ahead of tomorrow’s University of Indiana. Cramer was positive on Chicago Bridge & Iron (CBI) and Foster Wheeler (FWLT) to $75…
Earnings Preview: Micron Tech (MU)
Micron Tech (MU-NYSE) will be reporting earnings tomorrow, and the largest U.S. maker of memory chips’ numbers will hopefully shed some light on the state of the DRAM and NAND markets. Spot prices for…
Goldman Advises Investors to Buy Google (GOOG)
From Ticker Sense Goldman Sachs analyst Anthony Noto recommended investors buy shares of GOOG and says paid lead and ROIC support the bullish view and $620 price target.
First Quarter Country Returns
From Ticker Sense On the heels of a +1,000% increase in inflation, Zimbabwe’s stock market returned over 600% in the first quarter of 2007.
Vidmeter: Viacom Videos Were Only 2% of YouTube Views
From Internet Outsider Vidmeter Incorporated has published an in-depth study of the number and type of YouTube videos that have been removed at the request of copyright holders. Importantly, the study analyzes not only…
GM: Ides of March
Toyota (TM) hurt GM again in March. After the Japanese car company came out with a sales increase of 11.7% to 242,675, General Motors (GM) reported a drop in sales of 7.7% to 349,867.…
Toyota’s Fair March
Perhaps there is a tiny ray of hope for the Big Three after all. Toyota (TM) sales in the US were up 11.7% compared to the same month last year. It was a good…
Ford Gets A Tiny Reprieve
US sales for Ford (F) were off 9% from March of last year. Total vehicle sales were 264,975. The company had two bright spots. Sales of the Crown Victoria were up 22% to just…
March OK For Chrysler (DCX)
Sales of Chrysler vehicles in the US fell 4.6%, a bit better than expected and DaimlerChyrsler (DCX) sales including Mercedes were off 4.1% to 228,047. The new Dodge Nitro SUV did well and did…
Europe Share Value Humuliates US Markets
According to the FT, the value of the 24 stock markets in Europe has risen to $15,720 billion. The total value of US markets is now $15,640 billion. This has not happened since WWI.…
Sony Cuts Playstation Price: No Joy In Mudville
Sony (NYSE:SNE) has decided to cut the price of its portable Playstation. In the US, the retail cost will drop from $199 to $169, The move still makes it more expensive the Nintendo portable.…
Should Sirius Deal With XM Die?
According to The New York Post, the research group that helped kill the Echostar (DISH) deal to merge with DirecTV (DTV) has crafted a report for the National Association of Broadcasts. The report gives…
Full Analyst Research Summary (APR 3, 2007)
ABY cut to Underweight at JPMorgan.ADLS started as Outperform at Rodman & Renshaw.AGP raised to Outperform at Wachovia.ALLT cut to Sector Perform at RBC.ARBA started as Hold at WR Hambrecht.BOW cut to Underweight at…
Another Lawsuit In Nokia Battle With Qualcomm
Perhaps it will never end, and cell phone chip company Qualcomm (QCOM) will battle with its largest customer, Nokia (NOK) until the end of ages. With Nokia’s license of Qualcomm’s products running out in…
Pre-Market Stock News (APR 3, 2007)
(AAPL) Apple gets an inquiry from the EU over anti-trust issues into how its iTunes sells music online in coordination with major music companies. (AIZ) Assurant will replace Realogy (H) in S&P 500 Index…
TASER Stuns Itself
TASER International Inc. (TASR-NASDAQ) is indicated down almost 5% pre-market after announcing that its Q1 2007 sales are estimated at $14 million. This was the largest Q1 quarter for the company, but the few…
CMGI Buys the Rest of Its Japan Venture
CMGI’s (CMGI-NASDAQ) ModusLink subsidiary has acquired full ownership of its Japan-based joint venture from Sasatoku Printing, which held a 60% interest in the J-V. Unfortunately, financial terms were not disclosed. The full release can…
Europe Markets 4/3/2007
Stocks: (BP)(BT)(BCS)(DCX)(GSK)(PUK)(RTRSY)(UN)(VOD)(BAY)(DT)(DB)(SAP)(SI)(ALU)(FTE)(STM)(V) Markets in Europe were up at 6.40 AM New York time. The FTSE rose .4% to 6,343.