OPEC: Oil Demand Is Going Up, Or Is That Down?
OPEC’s forecast for oil demand in the coming year is a great "one the one hand, but on the other hand" exercises in analsys. According to Reuters: "demand for its crude would average 30.4…
All Work
Douglas A. McIntyre
Pre-Market Stock News (MAR 15, 2007)
(AEG) AEGON NV is paying 100 million Euro to acquire OPTAS NV, a Dutch life insurer. (AGII) Argonaut is acquiring PXRE Group (PXT) and will be the 73% owner of the combined company.(BOT) CBOT…
February Site Visitors Show Weakness For Some Search And Newspapers
Feb-07 Total Internet : Total Audience 64.2 1 Yahoo! Sites 28.6 2 FACEBOOK.COM 23.6 3 Microsoft Sites 21.8 4 Time Warner Network 19.4 5 Weatherbug Property 17.7 6 Google Sites 17.7 7 Fox Interactive…
Intercontinental Exchange Confirms Rival CBOT Offer Over CME Offer
There is now confirmation from the Intercontinental Exchange (ICE-NYSE) that it is indeed making a rival Offer for the Chicago Board of Trade (BOT-NYSE). CNBC’s David Faber first reported that the Intercontinental Exchange (ICE-NYSE)…
Motorola News Bad For Chip Companies
Merrill Lynch thinks that Motorola (MOT) is not selling as many of its new RIZR phones as Wall St. would like. And, sales of its older RAZR seem to be slowing faster than expected.…
ICE Tries to Break Up the CME/CBOT Merger (ICE, CME, BOT)
CNBC’s David Faber just announced a new twist to mergers among the exchanges. Faber is reporting that the Intercontinental Exchange (ICE-NYSE) is making a rival offer of 1.42 shares for the CBOT (BOT-NYSE), which…
Earlybird Analyst Calls (MAR 15, 2007)
AGP raised to Hold at Stifel Nicolaus.APC cut to Sell at Goldman Sachs.BSY cut to Equal Weight at Lehman.CAL raised to Neutral at JPMorgan.CCRT raised to Mkt Perform at Wachovia.COP cut to Neutral at…
Vista Isn’t Helping PC Sales: Dell
Maybe Microsoft (MSFT) CEO Steve Ballmer was right. Don’t get too excited about Vista too early in the game. Microsoft’s stock has not been the same since. The stock is down 8% this year,…
NBC Gets Into Cell Phone TV
About once a week a traditional media company announces that its programming will be available in planes, trains, and automobiles. The latest launch is NBC’s (GE) new on-demand shows which will be available through…
Skype Gets Hot In China, Maybe They Will Pay
No one on Wall St. raises his hand when asked the question of why Ebay (EBAY) bought Skype, the big VoIP service. It already gave away its base service, so getting consumers to pay…
Europe Markets 3/15/2007 Running Up Over 1%
Stocks: (BCS)(BP)(BT)(GSK)(PUK)(RTRSY)(UN)(VOD)(BAY)(DCX)(DB)(DT)(SAP)(SI)(ALU)(AXA)(FTE)(STM)(V) Markets in Europe were up sharply at 5.50 AM New York time. The FTSE is up 1.3% to 6,078. Barclays is up 2.1 to 687.5 BP is up 1% to 512.5 BT…
Why Shouldn’t Wal-Mart Be Your Bank?
Wal-Mart is renegotiating leases with some of its in-store banks so that the giant retailer has the right to offer mortgages, home-equity lines of credit and consumer loans. Wal-Mart has been trying to get…
Dow Forms Yet Another Joint Venture; Will Reliant Deal Kill Private Equity Rumors?
In the next few days Dow Chemical (DOW) is expected to announce a Memorandum of Understanding to form a joint venture with India’s largest petrochemical producer, Reliant Industries Ltd. While Dow has become the…
iSuppli raises 2007 LCD TV panel shipment forecast
By William Trent, CFA of Stock Market Beat iSuppli raises 2007 LCD TV panel shipment forecast | Reuters.com Research firm iSuppli Corp. said on Wednesday it had raised its shipment forecast on panels for…
DSL: Did Market Anticipate Decline in Downey Financial Assets?
By William Trent, CFA of Stock Market Beat Small Cap Watch List and Mid Cap Watch List member Downey Financial (DSL) reported that its Assets Fell in February: Downey Financial Corp., the parent of…
Media Digest 3/15/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Cadbury Schweppes Plc said it would split its candy and drinks businesses into two companies. Reuters writes that the boardroom spying case against former HP (HPQ) chaiman Patrcia Dunn was dropped.…
Asia Markets 3/15/2006 Hitachi, Toshiba Up
Stocks: (CAJ)(FUJ)(HIT)(HMC)(NIPNY)(NTT)(DCM)(SNE)(TM)(CHL)(CN)(CHU)(PCW)(HBC) Markets in Asia rose. The Nikkei was up 1.1% to 16,860. Bridgestone was up .7% to 2320. Canon was up 1.1% to 6210. Fuji Film was up 3% to 4750. Hitachi was…
4 Short Synopsis: Boeing (BA), Qualcomm (QCOM), Sprint Nextel (S) & Alcatel-Lucent (ALU)
By Yaser Anwar, CSC of Equity Investment Ideas Boeing (BA) Solid growth in revenue and net income. Boeing’s revenues climbed 26.2% to $17.54 billion in Q4 06 from last year. Net income expanded 110+%…
Positive Reversals: What Comes Next?
From Ticker Sense Today’s positive reversal day helped make what was shaping up to be a bad day into a good one. We looked back at prior reversal days to see what we can…
Market Bottom? Just ask Goldman
From Ticker Sense The Wall Street Journal’s MarketBeat Blog recently highlighted how Goldman Sachs has become the market’s number one ‘tell’. If you want to know where the market is going, just ask Goldman. …