Short sellers placed large bets against the stock of tech companies for the period ending on January 15, taking a series of positions to gamble that firms like Microsoft (MSFT) and Cisco…
Barely a month after begging for money in Washington, the US auto companies are talking about what a fine job they are doing preparing for a profitable future. Their predictions are flawed…
Douglas A. McIntyre These are some of the top upgrades and positive calls we have seen from analysts on Wall Street this Wednesday morning: American Axle (AXL) Raised to Hold from Sell at Deutsche Bank.…
Fiat is very near an agreement with Chrysler to take a piece of the No.3 US car company. The deal will need the blessing of the Treasury Department which is supplying Chrysler…
From time to time, the editors at 24/7 Wall St. will look at which companies may file for Chapter 11 bankruptcy protection over the next year. The analysis involves looking at SEC…
For the latest reported period, ending December 31, short sellers did not make any notable moves in or out of tech, financials, or industrial shares. What they did do was take impressively…
It is hard to imagine an industry where when sales are off 30% to 40% it is considered a good thing. Welcome, to the Detroit auto company bailout of 2009. Sales of…
The mathematics of the US car company bailout are simple. At least the car companies say that they are. Expenses get cut. Labor costs go down to what they are for Japanese…
Last summer, a gallon of gas cost over $4. Now the prices has dropped below two bucks and is still falling. The sharp drop in crude oil is to blame. Intuition would…
According to Reuters, housing and consumer confidence both suffered record drops. Reuters reports that GMAC eased lending rules after the government provided it with $6 billion. Reuters reports that the Madoff probe…
"Baby, you can drive my car /yes, I’m gonna be a star/ Baby you can drive my car /And maybe I’ll love you."–The Beatles. The matchless idiocy which has defined the fall…
Douglas A. McIntyre According to Reuters, GMAC will get $6 billion from the government with $1 billion coming through GM (GM). Reuters reports that violence in Gaza intensified. Reuters writes that Japan is looking at…
Kirk Kerkorian used to be considered "smart money". He wears a dunce hat now that Ford (F) is back near $2. According to Reuters his investment firm, Tracinda Corp., has sold all…
Douglas A. McIntyre These are some of the key analyst downgrades and negative calls we have seen this Tuesday morning: ADTRAN (ADTN) Cut to Neutral at Baird. Allianz (AZ) Started as Underperform at Jefferies. Cypress…
Toyota (TM) has been poised to become the preeminent global car company for sometime. Its worldwide production passed GM’s (GM) in the first half of the year. It is well ahead of…
