Many Major Tech, Media, Telecom Hitting New 52-Week Lows
With about 20 minutes to go into the close and on one ugly day, we have the DJIA down nearly 300 points, the NASDAQ down almost 40 points, and even the S&P…
With about 20 minutes to go into the close and on one ugly day, we have the DJIA down nearly 300 points, the NASDAQ down almost 40 points, and even the S&P…
Consider the stocks which hit 52-week highs in 2007 and may not be back to those levels of years. JP Morgan (JPM) hit $53.25 and now trades at just above $39. It…
IBM (IBM) has come out raised guidance this morning on strong international orders. Big Blue put earnings at $2.80 EPS, and the First Call estimate was $2.60 EPS. and revenues came in…
As 2008 looks a more shaky year and one that the stock market looks like it is trying to price in a recession, there may be one victim: the share repurchase plans…
John Chambers of Cisco (CSCO) says he will not change his plans for the company even if there is a significant recession. His view of the world goes out five years or…
According to Reuters, Howard Schultz, Starbucks (SBUX) founder, has taken over as CEO. Reuters writes that Cisco (CSCO) will keep its current strategy, even in a recession. Reuters writes that Samsung is…
The tech sell-off is accelerating. It may be that Intel (INTC) got downgraded or that Motorola (MOT) may have had a weak Q4. But, the problem is probably worse than that. Tech…
A recent poll from Reuters showed that analysts believe that earnings growth rates will go negative in the fourth quarter. It is the first time that has happened since the poll was…
On tonight’s MAD MONEY on CNBC, Jim Cramer came out and wanted to give his BUY, SELL, or HOLD recommendations on his Top 9 Picks from 2007 now that we are into…
On tonight’s MAD MONEY on CNBC, Jim Cramer kicked off 2008 by being somewhat cautious on the volatility in 2008. Cramer said he wants to Add gold to the portfolio with Barrick…
Over in the world of baseball where steroid-built great apes hit 60 home runs a season, there is still a place for what is known as "small ball". That approach to the…
The Nikkei 225 will end the year down about 11%. The FTSE 100 will be slightly better than flat. The Swiss market will be down 3% and a number of other indices…
Based on figures for short interest in Nasdaq stocks at mid-December, traders increased their bets against a number of discount brokerage and technical stocks. The numbers compare figures on December 14 to…
According to Reuters India’s Tata is about to close a deal to buy Jaguar and Rover from Ford (F). Reuters writes that the IMF says that the subprime mortgage problem will slow…
Nortel Networks Corp. (NYSE:NT) is one of the old tech/telecom equipment stocks that has never seemed to be able to make a turnaround hold. The company is far from alone and competition…