At 842, the S&P is pushing near a 25% gains since it bottomed for the year-to-date at 677 on March 9th. The bank stocks continue an extraordinary run over that period. Citigroup…
Based on the rise in the short interest in banks at mid-month, it is clear how badly investors betting bank stocks would go down were mauled. As of March 15, shares short…
According to Reuters, the House passed a bill that would tax AIG’s (AIG) and some other bonuses by 90%. Reuters reports that the US gave auto suppliers a $5 billion lifeline. Reuters…
Cisco Systems, Inc.(NASDAQ: CSCO) has made an announcement in acquisitions that may seem like a move further outside of its core operations. It is actually just one more move into the mobile…
Douglas A. McIntyre A large part of the money that was made by banks and investment banks from 2004 through most of 2007 was made from mergers and acquisitions. When the credit markets fell apart,…
In a weak economy, troubled companies should never be bought at a premium. No one has mentioned that to IBM (IBM) which is looking at paying $10 a share for Sun Micro…
Cisco Systems, Inc. (NASDAQ: CSCO) is trading up 2% at $15.78 in active pre-market trading this morning. It seems that Goldman Sachs decided it likes this new unified computing system push announced…
According to Reuters, Obama faces backlash due to AIG (AIG) compensation issues which could set bank his efforts to salvage the financial system. Reuters reports that Lehman will put two of its…
Cisco Systems, Inc. (NASDAQ: CSCO) came out with its big technology platform announcement, as prior reports had hinted at. This includes announcements for services and products involving Microsoft Corp. (NASDAQ: MSFT), Red…
According to Reuters, a price battle among goods makers is beginning. Reuters reports that payments to AIG (AIG) employees is causing rage among people already concerned about the bailout. Reuters reports that…
Short sellers may have taken a bath in companies such as Citigroup (C) and GE (GE), but they increased investments in many companies to record levels. At the end of February, shares…
ARGUS upgrades Cisco Systems (Nasdaq: CSCO) from Hold to Buy with a $24 price target, citing valuation and its position for competitive outperformance. ARGUS analyst says, “We recognize the risk of continued…
Douglas A. McIntyre Cisco Systems, Inc. (NASDAQ: CSCO) has laid off several hundred workers and named a new Executive Vice President of its Worldwide Operations.
Douglas A. McIntyre Short sellers think financial stocks believe that financial stocks still have further to fall. Based on data as of February 15, short sellers kept a big bet on Citigroup (C). Share short…
According to Reuters, Obama is pushing for a new health-care plan which will take ten years to fully take effect. Reuters says Obama is pushing for quick Wall St. reform. Reuters reports…
