These are the top analyst downgrades and negative analyst calls we are seeing this Friday morning: Autodesk (ADSK) Cut to Neutral at Baird. BE Aerospace (BEAV) Cut To Market Perform at FBR.…
John Thompson, the head of Symantec (SYMC), "stepped down" yesterday. Hector Ruiz recently vacated the CEO’s office at AMD (AMD). The head of Sun (JAVA), Jonathan Schwartz, will probably be gone soon.…
Short sellers are still betting that financial shares will fall but they have boldly moved into shares of companies which are considered healthy, those with both good balance sheets and relatively strong…
The sound out of Cisco (CSCO) has been so fine for so long that its was an assault to hear that the company would have a drop in revenue in the current…
According to Reuters, Australia cut key interest rates. Reuters reports that a large Goldman Sachs (GS) fund lost $1 billion in the first ten months of the year. Reuters writes that the…
For the period ending October 15, short sellers got out of most banks and brokerage stocks. That is a shame for them. They could have made a killing this week. The short…
What they say about big tech must be true. IT spending at companies is falling as businesses cut back across every expense category they can find. Software and hardware upgrades are put…
Analysts assume third quarter earnings for the companies in the S&P 500 will be bad. But, looking at the number which is the average of all firms in the index is misleading.…
It would not be a good idea to look at IBM’s (IBM) superior earnings and assume that tech will have had a good third quarter and that the rest of the year…
Yahoo! (YHOO) Concerns about slowdown in internet advertising. Drops to $13.20 from 52-week high of $34.08. Bet they wish they had taken Microsoft (MSFT) deal. Sirius (SIRI) Merger a failure.Sells off to…
If the segment of tech which markets to large businesses was supposed to be one of the last bastions of earnings safety, it has just fallen. SAP (SAP), the second largest enterprise…
Pilgrim’s Pride (PPC) Company says it has liquidity issues. Sometimes that means Chapter 11. The stock drops to $3.26 from 52-week high of $35.98. Teradata Corp (TDC) is facing competition from Oracle…
There have been more press releases out of the Oracle OpenWorld conference in San Francisco this week than you can count. But one from Oracle Corp. (NASDAQ: ORCL) is perhaps the most…
According to Reuters, Bush called an emergency meeting of Congressional leaders to push through bank bailout legislation. Reuters reports that Goldman Sachs (GS) and Morgan Stanley (MS) are preparing to take advantage…
The cut-off for the last short interest data was September 15, before a number of financial stocks got protection from the SEC. Before the ban, short sellers were already moving out of…
