T. Boone Pickens’ Oil Price Predictions
T. Boone Pickens, the revered oil investor and sage, just appeared on CNBC this morning to discuss oil prices. If traders pay attention to one man on oil on television, it is he. He…
All Work
Douglas A. McIntyre
Microsoft’s Secret Plan To Get Google
The weakness of Google Adsense and the competing text ad product from Yahoo! is that they pay sites in their network for visitors who click on the ads. The network sites are given no…
US Steel Acquires Lone Star Steel (X, LSS)
Lone Star Steel (LSS) is trading up 37% pre-market because US Steel (X) is acquiring Lone Star for $67.50 in cash. US Steel (X) is saying that the merger will be accretive to earnings…
Pre-Market Stock News (MAR 29, 2007)
(ALTR) Altera announced a $0.04 dividend a 50 million share buyback plan.(ALV) Autoliv names new President/CEO.(ANGO) Angiodynamics fell 20% after losing a jury verdict to Diomed.(ATMI) ATMI Inc. lowered guidance.(BA) Boeing gets a 47…
A Nervous Morning for NVIDIA Shareholders
How will today’s big architecture news from Intel (INTC) affect shares of NVIDIA (NVDA)? While the AMD-copying angle is certainly headline-worthy, also of importance to NVDA shareholders is the fact that have a sense…
Earlybird Analyst Calls (MAR 29, 2007)
ABC started as Sector Perform at CIBC.ARMHY raised to Buy at UBS.BBX started as Neutral at JPMorgan.CAH started as Outperform at CIBC.CBKN started as Neutral at Baird.GYMB started as Buy at First Albany.HLS started…
Sony Playstation Finally Show Signs Of Life
Sony’s (SNE) new Playstation 3 sold 600,000 copies in the first two days it was available in Europe. In its first full month of sales in Europe, Microsoft (MSFT) Xbox sold 500,000 units and…
Europe Markets 3/29/2007
Stocks: (BCS)(BP)(BT)(RTRSY)(UN)(VOD)(DCX)(DB)(DT)(SI)(ALU)(AXA)(FTE)(STM) Markets in Europe are higher at 6.20 AM New York time. The FTSE is up .6% to 6,303. Barclays is up .6% to 724. BP is up .4% to 554. BT is…
UAW Kisses Off Delphi, A Sign Of Things To Come
The UAW told Delphi, the bankrupt car parts company, to take a hike. The labor contract offer from Delphi was so poor that they union will not even offer a counter proposal. According to…
McDonald’s Thumbs It Nose At Starbucks
The quote is a classic. From Reuters: "You can’t get much better profit than adding water to beans," McDonald’s USA President Don Thompson said at an investor conference last week. Yes, and that means…
Crime And Punishment: Novell Angers The Linux Gods
The groups that controls Linux open source software is thinking of preventing Novell (NOVL) from using the newest versions of the Linux OS because the company has teamed with Microsoft (MSFT) to offer it…
Maybe Intel Should Loan AMD Some Money
Intel (INTC) is out with news that it is created even better chips. These will increase computing power and reduce the need for other chips to do ancillary work in PCs. According to The…
McDonald’s and Yum! Need to Catch Breath in China
This morning’s news on McDonald’s (MCD) and Yum! Brands (YUM) is interesting. To sum up the AP report, local Chinese officials are investigating whether the two American-based companies underpaid local workers in their restaurants…
Media Digest 3/29/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Citigroup (C) plans to double the number of branchs it has in China. Reuters writes that GM (GM) management will not take bonuses for 2006. Reuters writes that Toyota (TM) will…
Asia Markets March 29,2007
Markets in Asia rose. The Nikkei wsa up .1% to 17,264. Canon was down .5% to 6380. Fuji Film was up .4% to 4880. Hitachi was up 2.5% to 832. Honda was down .7%…
Response to Iran Rumors Shows that Energy Should Be Owned as a Geopolitical Hedge
By Chad Brand of Peridot Capitalist In case you haven’t heard yet, oil prices spiked more than $5 per barrel late Tuesday on rumors that Iran had fired shots at U.S. warships. Although the…
Triarc’s Tri-108 Adjustment
Back on the Island of Weird SAB 108 adjustments… Another positive adjustment to beginning 2006 retained earnings is disclosed in Triarc’s 10-K It also contains one of the better descriptions of how the firm…
Wednesday’s Top Biotech & Medical Stocks
Biotechnology DENDREON CORP +12.99% DIVERSA CORP +11.11% CYTOKINETICS +10.57% BIOSANTE PHARMA INC +8.48% CYTORI THERAPEUTICS +7.14% Diagnostic Substances NYMOX PHARM CORP +12.41% RG GLBL LIFESTYLS +9.68% GENE LOGIC INC +7.18% HEALTHCARE TECH LTD +4.72%…
Love Serenades and New Flings
By Vitaliy Katsenelson I sang love serenades for Abbott Labs’ (ABT) stock for a long time Call Me materialistic, but my love for stocks is not ‘til death do us part,’ it is conditional…
Loeb’s ThirdPoint LLC Cuts Stake in Ligand (LGND) to 2%, Books Profits
From 13D Tracker In an amended 13D filing on Ligand Pharmaceuticals (Nasdaq: LGND), Daniel Loeb’s ThirdPoint LLC disclosed a 2.01% stake (2.03 million shares) in the company. Loeb held 7.725 million shares in LGND…