XM Satellite Down Slightly on Subscribers
XM Satellite Radio (XMSR) is trading down almost 2% pre-market. The company said it added more than 442,000 new net subscribers during the fourth quarter of 2006 and more than 1.695 million new subscribers…
All Work
Douglas A. McIntyre
Dell Down 2% on Downgrade; But the Reasoning Seems Two Months Old
Dell (DELL) is now trading down about 2% pre-market after the PC maker was cut to ‘Underweight’ from a Neutral at JPMorgan. The shares were down only about 1% earlier. What is odd here…
Goldman Sachs Research Summary (JAN 5, 2007)
Goldman Sachs full research note summary:Pfizer (PFE) reinstated as Buy with $30 target.WellPoint (WLP) raised to Buy from Neutral, but Aetna (AET) cut to Neutral from Buy.Current fiscal estimates hiked on ACE, AHL, HCC,…
Pre-Market Stock News (JAN 5, 2007)
by Jon C. Ogg (AAPL) Apple noted as Cramer’s #2 Growth Stock for 2007.(AINV) Apollo Investment fell 1.5% after filing to sell 16 million shares.(ANGO) AngioDynamics positive in Business Week.(BAMM) Books-a-Million fell another 1.5%…
Analyst & Research Notes (JAN 5, 2007)
by Jon C. Ogg AET cut to Neutral at Goldman Sachs.ANF raised to Buy at Merrill Lynch.BK cut to Mkt Perform at Piper Jaffray.BRCM cut to Underperform at Credit Suisse.DELL cut to Underweight at…
Freeport’s Deal For Phelps Dodge Looks Shaky (PD)(FCX)
The idea behind the Freeport McMoran purchase of cooper company Phelps Dodge is that high cooper prices would cover the premium price of the deal. Cooper prices have now dropped to $2.59 a pound,…
Cell Phone Price Wars, Slowdown Coming?
Stocks: (MOT)(NOK)(SNE)(ERIC)(QCOM)(TXN) Bad news for handset makers. Price wars at the holidays appear to have eroded margins at Motorola. It cut its fourth quarter sales forecast by between $300 million to $500 million. It…
Google’s China Deals Won’t Get It to No.1
Stocks: (CHL)(GOOG)(BIDU) Google announced two deals in China. It will make an investment in Xunlei Network Technology Co. which provides video downloads on the mainland. The Chinese company has 54 million subscribers. Not bad.…
GM’s Empty Challenge (GM)(TM)
GM says that the spot as the world’s largest car maker is worth fighting for, just as Toyota is about to snatch the crown. The company said its plants could produce more cars that…
Ford Gets Some Stones (F)(TM)(HMC)
As The New York Times chronicles the collapse of Ford, the company has decided it is tired of having sand kicked in its face by Honda and Toyota. The US car company will begin…
Europe Markets 1/5/2007 British Air, France Telecom Up, DaimlerChrysler Down
Markets in Europe were off modestly at 6 AM New York time. The FTSE was down .2% to 6,272. BP was down .4% to 560.5. BT was up .8% to 321.75. British Air was…
Media Digest 1/5/2006 Reuters, WSJ, NYTimes, FT, Barron’s
Stocks: (OPWV)(WB)(F)(GM)(MOT)(NOK)(NYT)(GOOG)(GPS)(LLY) According to Reuters, GM will try to further cut its workforce and close plants in 2007 in an attempt to drop its cost base further in North America. Reuters says that a…
Asia Markets 1/5/2007 Toyota, Canon Down, Softbank Up
Stocks: (CAJ)(FUJ)(HIT)(HMC)(NIPNY)(NTT)(SNE)(TM)(CHL)(CHU)(PCW)(HBC) Markets in Asia were mixed with the Nikkei off sharply. The Nikkei was down 1.5% to 17,092. Bridgestone was down 2.5% to 2580. Canon was down 2.1% to 6530. Fujit Film was…
Playing the Online DVD Rental Market
By Chad Brand of Peridot Capitalist After years of trailing Netflix (NFLX), movie rental giant Blockbuster (BBI) has finally realized that it might have a competitive advantage over its main rival; about 8,500 storefronts…
Greater Atlantic Financial: Inter-company Accounts Settled
From AAO Weblog Savings & loan Greater Atlantic Financial Corporation issued a non-reliance 8-K filing on December 26, neutralizing its financial statements for for the quarterly periods ended December 31, 2005 and March 31,…
Bioject’s Needle-Free Delivery Technology Used by NIH
From BioHealth Investor Bioject Medical Technologies Inc (BJCT) announced early Thursday that the National Institutues of Health (NIH) has initiated its DNA vaccine study to prevent the H5N1 flu virus using the company’s needl-free…
Thursday’s Top Biotech and Medical Stocks
From BioHealth Investor Biotechnology INNOVIVE PHARMACEUTL +23.46% XTL BIOPHARMACEUTICA +22.88% STEMCELLS INC +16.92% MEMORY PHARMACEUTICA +16.73% BIONOVO INC +14.55% Diagnostic Substances RG GLBL LIFESTYLS +47.39% ORCHID CELLMARK INC +11.68% IMMUCOR INC +7.40% GENELABS TECH…
Stem Cell Stocks Jump on New Congress Promise
From BioHealth Investor by H.S. AyoubBioHealth Investor Stem cell stocks gained big time on Thursday as the new U.S. congress was set to take helm. The new Domocratic agenda promises to ease restrictions on…
When Congress goes to work, it’s time to sell. . .
From World Beta Article at The Club For Growth "According to two economists, Mike Ferguson of the University of Cincinnati and Hugh Douglas Witte of the University of Missouri at Columbia (paper link here)…
Blame Home Depot’s Board, Not Nardelli
From Contrarian Edge The ousting of Bob Nardelli sent a wrong message to American CEOs: it taught them an incorrect lesson – manage the stock, not the company. As Herb Greenberg mentioned in his…