Jobs Growth Still Looks Like its Weakening
By William Trent, CFA of Stock Market Beat The jobs report is out, and receiving a fairly warm welcome. Economy adds 132,000 jobs – Yahoo! News: The U.S. economy added a stronger-than-forecast 132,000 jobs…
All Work
Douglas A. McIntyre
DivX Holders Can Breathe As the Google Pact Was Renewed
DivX (DIVX) shareholders can take a breather if they were worrying about the state of the Google (GOOG) search and bundling pact. When DIVX came public and while it was being touted by Cramer…
All 3 IPO’s Price Well: Heelys, Aegean, Allegiant
Aegean Marine Petroleum (ANW) saw its 12.5 million share IPO price at $14.00, which was at the top of the $12 to $14 range. Bear Stearns was the lead underwriter; co-managers listed as Johson…
Pre-Market Stock News (DEC 8, 2006)
(ACOR) Acorda will conduct adfditional Phase III studies on its MS treatment for the FDA.(ALGT) Allegiant Travel 5M share IPo priced at $18.00, above the $15-17 range.(ANW) Aegean Marine 12.5M share IPO priced at…
Select Analyst Calls (DEC 8, 2006)
AACC started as Underperform at KBW.AG started as Neutral at B of A.AMED raised to Outperform at Wachovia.AQNT reitr Buy at Jefferies.ARNA started as Buy at MerrillLynch.BBY started as Outperform at Cowen.BOBJ started as…
Xbox Sales Fail To Impress (MSFT)(SNE)
The Xbox is supposed to be part of Microsoft’s plan to diversify beyond Windows. Other initiative like its Zune multimedia player are off to a slow start. The company’s online initiatives are behind Yahoo!…
WiMax Nation: Intel Gears Up
Stocks: (INTC)(MOT)(QCOM)(S) There has been a growing body of evidence that Intel is planning to base much of its future growth on WiMax. It investment in Clearwire, a WiMax service firm, its alliance to…
Chevron Gains An Edge (COP)(CVX)
Chevron will increase capex 20% next year to almost $20 billion. Exploration of new fields in the Gulf of Mexico are expected to fuel much of this. Conoco, on the other hand, is cuttin…
UAW Will Retreat As GM Rolls
Stocks: (F)(GM)(DCX)(TM) It’s all big talk at GM and maybe it should be. The largest auto maker says that 40% of US sales will come from new models. It plans to add European cars…
Europe Market Report 12/8/2006 ST Micro Down, Barclays Up
Stocks: (BCS)(BT)(BP)(GSK)(RTRSY)(UL)(VOD)(BAY)(CT)(CB)(SI)(DCX)(ALA)(AXA)(FTE)(V) Markets in Europe were lower at 5.15 AM New York time. The FTSE was down .3% to 6,114. Barclays was up .9% to 713.5. BP was up .2% to 579. BT was…
Media Digest 12/8/2006 Reuters, NYTimes, WSJ, FT
Stocks; (HPQ)(COP)(GM)(F)(WMT)(MO) According to Reuters, Hewlett Packard paid $14.5 million to settle civil charges by the State of California over its boardroom spying incident. Reuters writes that the capex spending of Chevron and Conoco…
Asia Markets 12/8/2006 Japan Tobacco Up, NEC, China Netcom Down
Stocks: CAJ)(FUJ)(HIT)(HMC)(NIPNY)(NTT)(SNE)(TM)(CHL)(CN)(PCW)(HBC) Asia markets were off. The Nikkei fell .3% to 16,418. Bridgestone was down 1.7% to 2580.Canon was up 1.4% to 6430. Daiwas Securities was down 1.3% to 1317. Fuji Film was up…
Tech Outlook & US Dollar Misconceptions
By Yaser Anwar, CSC of Equity Investment Ideas Technology View Given the substantial increase in tech valuations over the last several months, the question is how long the rally will last? I believe strong…
Does a Roller Shoe IPO Signal that this Market is Too Hot?
By Chad Brand of Peridot Capitalist As you may have noticed, 2006 has been the year of the consumer IPO. Familiar and popular consumer brands have debuted on the public market to much fanfare.…
National Semiconductor (NSM) Faces Inventory Glut? Who Would’ve Guessed?
By William Trent, CFA of Stock Market Beat We have written once or twice… per week… about what we have seen as a rising risk of overcapacity at the semiconductor companies. Some people have…
Xilinx Revises December Quarter FY07 Guidance
By William Trent, CFA of Stock Market Beat Hot on the heels of the National Semiconductor (NSM) disappointment, Xilinx (XLNX) cut its own earnings forecast.Xilinx Revises December Quarter FY07 Guidance: Financial News – Yahoo!…
Broadcom says inventories “ideal”
From William Trent, CFA of Stock Market Beat Given the sales weakness in the wireless semiconductor chain, you might wonder whether inventory is also piling up at Broadcom (BRCM). Broadcom says Q4 inventories almost…
Vanda Schizophrenia Drug Meets Phase III Endpoint
From BioHealth Investor by H.S. AyoubBioHealthInvestor.com Shares of Vanda Pharmaceuticals (VNDA) look to open much higher on Thursday as the company announced early that its antipsychotic drug iloperidone met the primary endpoint in a…
Thursday’s Top Biotech and Medical Stocks
From BioHealth Investor by Mark S. Senak As the lame duck Senate gets ready to waddle off to their place in history, they have moved to pass S. 3546 – a bill that would…
Drawbacks of Simple Momentum
From World Beta As a number of readers have pointed out, there are various drawbacks to the method/test I have presented here. The big ones are: 1. Fixed measurement period. I used a simple…