Why Trading is a Zero-Sum Game
From Investment Intelligencer I write a series for Slate called "Bad Advice," in which I take common but poor investment advice and explain why it’s bad. One of my consistent themes is that, in…
All Work
Douglas A. McIntyre
How Badly Did Clearewire Hurt The IPO Market?
Clearwire (CLWR-NASDAQ) has done what some of the wildly bullish backers thought would not occur. It has traded under the $25.00 IPO price today, which means technically that this HOT IPO traded as a…
Clearwire Muted Premium Post-IPO
Clearwire (CLWR-NASDAQ) opened at 10:40 AM EST, and while it is up from the pricing it is not exactly setting any records and some of the wildly bullish minions might be a bit disappointed…
Clearwire Times Set for Early Morning IPO
Clearwire’s (CLWR-NASDAQ): NASDAQ has released the times and the initial public offering of Clearwire will be released on NASDAQ today for quotation at 10:25 ET and trading at approximately 10:40. After talking with various…
TECD: Tech Data
By William Trent, CFA of Stock Market Beat Tech Data Reports Fourth-Quarter and Fiscal-Year 2007 Results: Financial News – Yahoo! Finance Net sales for the fourth quarter ended January 31, 2007, were $6.1 billion,…
Consecitve Up and Down Days
From Ticker Sense It has been awhile since we looked at which stocks have been up or down the most consecutive days. Below we list those S&P 500 stocks currently having the longest winning…
As McDonald’s Same Store Sales Rise, Starbucks Sweats
McDonald’s same store sales rose 5.7% last month. In the US, the numbe was 3.1%. A big part of the increase is attributed to a new breakfast menu (including designer coffees) and its late…
Clearwire Open Price Chatter
In a call placed into NASDAQ the first IPO indication times have not yet been released for when the Clearwire (CLWR-NASDAQ) IPO will hit the tape. After talking with various traders ahead of the…
Wal-Mart Disappoints, Again And Again. Time To Close Stores
Well, Wal-Mart (WMT) missed its own ultra-low projection for February same-store sales. The figure rose .9% compared to a projected 1% to 2%. While the company’s Sam’s Club did fine, sales at the flagship…
Pre-Market Stock Notes (MAR 8, 2007)
(BTRX) Barrier Therapeutics receives regulatory approval to market Xolegel in Canada for dermatitis.(BWS) Brown Shoe delared 3-2 stock split and raised dividends.(CBRL) CBRL entered 10b5-1 trading plan for another #36.1 million in stock.(CBUK) Cutter…
Pre-Market Analyst Calls (MAR 8, 2007)
ARG raised to Buy at B of A.ASN cut to Neutral at Goldman Sachs.AVB raised to Outperform at Wachovia.BKS raised to Buy at Stifel Nicolaus.BAY raised to Buy at UBS.BAB raised to Buy at…
Google Grabs More Search Partner As Microsoft Fall Further Behind
Tech Crunch reports that Google (GOOG) has signed an exclusive deal to provide search services to social network site Friendster. Of course, it will also sell the ads that will appear with search results.…
Exxon’s Self-Serving Case For High Oil Prices
The management at Exxon (XOM) are good guys. They plan to invest in almost two dozen new projects to increase oil production over the next three years. This will push capital spending at the…
MySpace Tries To Eclipse YouTube
The chess game between big media and Google’s (GOOG) YouTube continues. Several large companies, including Viacom (VIA) have accused the video-sharing site of showing pirated content while Google is trying to get them to…
Europe Markets 3/8/2007 Market Show Gains, Bayer, SAP Up
Stocks: (BCS)(BT)(BP)(GSK)(PUK)(RTRSY)(UN)(VOD)(BAY)(DCX)(DB)(DT)SAP)(SI)(ALU)(AXA)(FTE)(STM)(V) Markets in Europe are up at 5.20 AM New York time. The FTSE is up .7% to 6,202. Baclays is up .9% to 724.5. BP is up 1.5% to 525. BT is…
Boston Scientific Tries To Save It Bacon
Problems with drug-coated stents have been blamed for blood vessel blockages and clotting. Several studies showing potential dangers from implanting the devices have dropped the number of stents sold and caused a partial resurrection…
US Car Manurfacturing Heads Toward Zero
One solution to the high cost of union labor, its pension and health-care requirements, is to build cars outside the US. The UAW will fight to the death to keep the jobs they have…
Media Digest 3/8/2007 Reuters, WSJ, NYTimes, Barron’s, FT
According to Reuters, nearly half of the investors in Take-Two Interactive (TTWO) have put together a slate of directors to oust the current board and management. Reuters reports that Exxon (XOM) plans 25 new…
Asia Market 3/8/2007 Shares Rally, Toshiba Up Sharply
Stocks: (CAJ)(FUJ)(HIT)(HMC)(NIPNY)(NTT)(DCM)(SNE)(TM)(CHL)(CHU)(CN)(PCW)(HBC) Shares in Asia were up sharply. The Nikkei rose 1.9% to 17,090. Bridgestone was down .6% to 2380. Canon was up 1.5% to 6160. Fuji Film was up 3% to 4790. Hitachi…
ETF Volume vs Russell 3,000 Volume
From Ticker Sense Bloomberg lists a total of 457 US traded ETFs. We gathered the daily combined volume of all of these and compared it to the daily volume of the Russell 3,000 (which…