Altria Gets Some Competition
Stocks: (MO)(GLH)( Altria’s Philip Morris is the largest tobacco company in the world. That gives the company a lot of economies of scale, especially in sourcing tobacco and getting shelf space for its cigarettes.…
All Work
Douglas A. McIntyre
Dilution – Shareholders Worst Nightmare, or Is It?
Submitted by Saul Sterman / CrossProfit on stocks Evergreen Solar (ESLR) and Scottish Re (SCT) In a previous article we cautioned investors that the dilution in SCT was going to hurt. A colleague wrote…
Ciena, Profitable Again
Ciena Corp (CIEN) is trading up over 7% pre-market at $26.75 on more than 700,000 shares. The company has beat earnings expectations and guidance in the coming quarter looks in-line to above projections. The…
Obagi Medical Disappointing IPO Pricing
Obagi Medical (OMPI) priced its 5.35 million share IPO at $11.00, below the range $13 to $15 range originally indicated. J.P.Morgan is the lead underwriter with co-managers listed as CIBC, Thomas Weisel, and R.W.Baird. …
Pre-Market Stock News (DEC 14, 2006)
by Jon C. OggDecember 14, 2006 (ARES) Ares Capital has a 2.7M share secondary.(AVRX) Avalon Pharm announced positive interim results for AVN944 Phase I results. (BCS) Barclays "takeover" by B of A was denied…
Select Analyst Calls (DEC 14, 2006)
ADM cut to Underperform at Credit Suisse.AGU cut to Neutral at UBS.ABK raised to Overweight at Morgan Stanley.ANDE raised to Buy at B of A.BDK cut to Hold at Citigroup.BEAS raised to Mkt Perform…
Europe Markets December 14, 2006 DaimlerChrysler Up, Alcatel Down
Markets in Europe are up modestly at 5.55 AM New York time. The FTSE was up .3% to 6,209. Barclays was down .3% to 717. BP was down .4% to 577. BT was up…
Detroit: It WIll Get Worse (F)(GM)(TM)
CSM Worldwide, which tracks auto trends, says that US car sales will be the worst they have been in nine years for 2007. The firm also predicts that US makers will continue to lose…
Sharks Circle Sirius (SIRI)
After saying that it would miss year-end subscriber targets, Sirius took a big stock price hit. Over the last few days it has continued to drift down, and, at $3.79, is near its 52-week…
Bank Of America Slaps Merrill (BAC) (BCS)
The CEO of Bank of America said that buying companies in Europe was not near the top of his list of priorities. It does not even appear to be near the top. After Merrill…
New Congress May Chase HP CEO (HPQ)
Some big wig members of Congress want to know why HP CEO Mark Hurd exercised and sold $1.37 million in stock options on August 25. This was before it was disclosed that one of…
Microsoft and HP Go After World Domination
Stocks: (MSFT)(HPQ)(DELL) Microsoft and Hewlett-Packard have announced that the will start a large joint venture into which they will invest $300 million. The purpose of the program is to sell their hardware and software…
Media Digest December 14, 2006 Reuters, NY Times, WSJ, FT
Stocks: (GE)(MRK)(GOOG)(DCX)(SNE)(BP)(MNST)(COST) According to Reuters, Nestle bought Novantis’s medical food unit for $1.5 billion. Reuters writes that Qantas is being bought by private equity interests for $8.7 billion. Reuters reports that Costco’s quarterly profit…
Asia Market December 14, 2006 Yahoo Japan, Bridgestone China Unicom Up
Stocks: (CAJ)(FUJ)(HMC)(NTT)(NIPNY)(SNE)(TM)(CHL)(CHU)(HBC)(PCW) Market in Asia were up sharply. The Nikkei rose .6% to 16,829. Bridgestone rose 2.6% to 2595.Canon rose 1.7% to 6650. Daiwa Securities rose 1.5% to 1317. Fuji Film rose .8% to…
Wednesday’s Top Biotech and Medical Stocks
From BioHealth Investor Biotechnology PROGEN INDS LTD +119.66% EXACT SCIENCES COR +12.89% ANADYS PHARMACEUTICA +7.29% ADVENTRX PHARMACTL +6.36% SGX PHARMACEUTICALS +5.71% Diagnostic Substances IMMUNOMEDICS INC +3.63% SYNOVICS PHARMACEUTL +3.23% REMOTEMDX INC +3.17% IMMUCELL CP…
Australian Biotech Progen Industries Jumps 100%
From BioHealth Investor Shares of Progen Industries (PGLA) of Australia skyrocketed more than 100% on Wednesday, ending trading at $6.48 a share. The stock price had hit an intraday high of $8.74, a substantial…
Insmed Loses Patent Case to Tercica; Companies Should Merge
From BioHealth Investor by Andrew Vaino As I mentioned last week in the Daily Blog, the patent case between Insmed (INSM) and Tercica (TRCA) was decided in Tercica’s favor. A jury found that Insmed…
2007 Expected Commodities Price Changes
From Ticker Sense The table below highlights the consensus opinion on where commodities prices will go in 2007. The estimates are from numerous analysts polled by Bloomberg. The expected percent change for each commodity…
AG Edwards Refining & Marketing Brief & IBM Contract
By Yaser Anwar, CSC of Equity Investment Ideas Here’s an excerpt from AG Edward’s R&M briefing a friend sent me (thanks Ray!). Check back later (midnight) for my analysis of Exxon Mobil. US refining…
Analyzing Exxon Mobil (XOM)
By Yaser Anwar, CSC of Equity Investment Ideas Exxon Mobil presented its 2030 Energy Outlook on Tuesday, December 12th at the company’s headquarters. There were no major changes to the outlook from last year’s…