Reuters: CIT (CIT) is rushing to get financing before its goes bankrupt. Reuters: Bank earnings are boosting recovery hopes. Reuters: IBM (IBM) hiked its full-year outlook. Reuters: Google’s (GOOG) quarterly results were…
CIT Group, Inc. (NYSE: CIT) is trading no different than a warrant or way out of the money call option at this point. In short, any trading other than a forced sale…
Douglas A. McIntyre These are some of the top stocks to watch this morning for active trading today based on pre-market and after-hours volume activity. There are links through to each with more detailed coverage…
Reuters: CIT (CIT) may be close to bankruptcy. Reuters: China GDP rose 7.9%. Reuters: Foreclosures hit a record in the first half of 2009. Reuters: Obama pressed Congress on a healthcare bill. Reuters: …
In a perfect example of how dangerous rumors can be for traders, CIT (CIT) has announced that its conversions with the government aimed at bailing the financial company out have failed. Most…
Douglas A. McIntyre The Wall Street Journal has been carefully following the story of CIT’s (CIT) liquidity crisis. News that the firm is in trouble caused customers to draw down several hundred million in credit…
Douglas A. McIntyre Reuters: The US may give CIT (CIT) short term loans. Reuters: Intel (INTC) issued a positive forecast and indicated that the PC market may be improving. Reuters: The US CPI was up…
Several stocks will make major moves at the open. Noven (NOVN) is up on a buyout. Changes in military healthcare buying may effect Aetna (AET), United Health (UNH), and Humana (HUM). Novellus…
Reuters: Riots in China show the nation is in flux. Reuters: The US is considering mortgage aid for the unemployed. Reuters: The June budget gap was $94 billion. Reuters: Rattner stepped down…
After a sharp sell-off during the day due to concerns about a Chapter 11 filing, CIT (CIT) rallied by over 20% after hours on rumors that the federal government may provide bailout…
Douglas A. McIntyre CIT Group, Inc. (NYSE: CIT) has been hit steadily after news that it was not going to have the government loan guarantees, then on concerns that certain customers could be left in…
Douglas A. McIntyre Reuters: Social media such as Twitter may not be worth as much as many people believe because of challenges they face in bringing in revenue. Reuters: The arrests of Rio Tinto (RTP)…
These are some of the top stocks to watch for active trading today based on pre-market and after-hours volume activity. There are links through to more detailed coverage and volume analysis at…
If investors had a notion that short sellers were going to stay in big financials, they were wrong. Short interest in the weakest companies in the sector dropped. Shares short in Citigroup…
According to Reuters, authorities do not think Madoff could have acted alone. Reuters show that the US is sinking deeper into recession. Reuters reports that the SEC defended it response to the…
