Stock Tickers: WMT, TGT, ARA, BAX, CCK, FLEX Goldman Sachs has made several changes to its Conviction Buy List this morning, most noted was a removal of Wal-Mart (WMT) from the list and replaces…
Stocks: (EMC)(IBM)(DELL)(HPQ) EMC has been on the outs with Wall St. for a long time. Over the last five years the S&P is up about 50%. Other big techs are up, with HP rising…
S&P FAIR VALUE -$0.02. (ALTH) Allos positive in Business Week over cancer.(AXCA) Axcan $0.22 EPS vs $0.19e.(AXTI) AXT filed to sell 4.1M shares.(CNS) Cohen & Steers 3.5M share secondary priced at $36.50.(CPNO) Copano has…
ACUS started as Outperform at FBR.ADI raised to Mkt Perform at Piper Jaffray.AVR started as NEutral at UBS.BA tgt raised to $107 at Merrill Lynch.BAX removed from Goldman Sachs focus list.BUDraised to Neutral at…
Stocks: (INTC)(ERIC)(VZ)(MOT) If Intel’s forays into WiFi chips and WiMax technology were not enough, the company has entered into a joint venture with Ericsson to build applications for mobile computuers. The products from the…
From Ticker Sense While the press has been busy speculating on what the next major private equity deal will be, oil stocks have been quietly staging a rally. Even more impressive is the fact…
Pfizer (PFE) met with analysts yesterday and said it was on the road to introducing some blockbuster drugs. Wall St. should hope so. With a sales force reduction of 2,000, generics snapping at its…
Stocks: (BCS)(BP)(BT)(BAB)(GSK)(PUK)(RTRSY)(UL)(VOD)(BAY)(DCX)(DT)(DB)(SI)(ALA)(AXA)(FTE)(V) Markets in Europe were up modestly at 6.10 AM New York time. The FTSE rose .5% to 6,077. Barclays was down .2% to 679. BP was flat at 574. British Air was…
Stocks: (SIRI)(XMSR) Sirius Satellite will offer live TV service by the end of 2007 in 2008 car models. So says Mel Karmazin, the Sirius CEO. The new service will cost $13 a month more…
Kirk Kerkorian is gone. He sold that last of his GM shares yesterday. It does not make him a bad person. He had just lost faith in the company’s management,so he left with only…
Stocks: (PFE)(SNE)(MSFT)(SIRI)(NWS)(WMT)(GM)(IBM)(EMC)(HIT)(DELL) According to Reuters, al Qaeda has called for a cyber attack on the websites of online brokers and banks. The action may be set for today. Reuters writes that Sirius Satellite plans…
Stocks: (CAJ)(FUJ)(HMC)(NIPNY)(NTT)(DCM)(SNE)(TM)(CHL)(CN)(PCW)(HBC) Asian markets were mixed with the Hang Seng off sharply. The Nikkei rose .3% to 16,322. Bridgestone was off 1.4% to 2500. Canon was down .7% to 6080. Daiwa Securities was down…
JC Penney’s (JCP) stock has run from $38 two years ago to its current level of $78. But, sales activity at the big retailer are slowing. For November, analysts had expected same-stores sales to…
From World Alpha Last night a colleague told me of a good analogy a portfolio manager passed along. He described your typical wealthy client, the Swedish doctor, who was presented with the option of…
Submitted by CrossProfit When writing a previous article we were still awaiting more details on the Scottish Re rescue deal. Even without knowing the full details it looked like the common shareholders were cornered…
From BioHealth Investor Durect Corporation (DRRX) is having a great week so far. The company inked a deal with Danish pharmaceutical company Nycomed to commercialize Posidur, a local anesthetic for post-op pain, in Europe.…
By William Trent, CFA of Stock Market Beat Ever since the Freescale buyout, firms have been coming out left and right with their lists of the next buyout candidates. Prudential is the latest to…
By William Trent, CFA of Stock Market Beat According to Electronic Engineering Times, a Foundry shakeout looms, analysts say: Silicon foundry vendors were once star performers in a booming sector shielded from the topsy-turvy…
By William Trent, CFA of Stock Market Beat Finisar Corporation’s earnings release started out sounding quite upbeat: Finisar Corporation (FNSR), a technology leader in gigabit fiber optic solutions for high-speed data networks, today reported…
By Yaser Anwar, CSC of Equity Investment Ideas PFE recently announced that it will cut 20% of the US sales force which I believe is a positive for Pfizer. It indicates that Pfizer is…