The short interest in NYSE stocks hit a record for the March 31 period. The number compare to those on March 14. Shares short in banks and brokerages began to drop. Short…
The largest losers among the big companies in the S&P 500 for the first quarter were: Microsoft (MSFT) down 21.6%, Google (GOOG) down 36.7%, Apple (AAPL) down 27.8%, Intel (INTC) down 22%,…
A day after taking down its earnings forecasts for Citigroup (C), JP Morgan (JPM), and Wachovia (WB), Oppenheimer has cut its first quarter numbers on Merrill Lynch (MER) and UBS (UBS). According…
Oppenheimer’s Meredith Whitney is currently the most followed bank and financial firm analysts on Wall Street. We don’t normally like to review analyst calls that are not fresh calls from the same…
The short interest in most large stocks traded on the NYSE increased as measured on March 14. The figures compare to February 29. Car stocks were hit especially hard. Shares short in…
The Federal Reserve has just made an expansion of its securities lending program to add much more liquidity to the banking system, but the difference here is that this goes above and…
The short interest on the NYSE hit an all-time record for the period ending February 29. Figures by company compare to shares sold short on Ferbruary 15. Financial firms had significant increases…
Thornburg Mortgage (NYSE: TMA) Fear of Chapter 11. Falls to $1.26 from 52-wek high of $28.40. CIT Group (NYSE: CIT) Lehman Brothers cuts price target. Drops to $15 from 52-week high of…
According to Reuters February car sales dropped sharply especially for US made vehicles. Reuters writes that BHP Billiton (BHP) is working on raising $55 billion for its potential takeover of Rio Tinto…
This morning we have another negative note out of Goldman Sachs calling for investors to be long volatility in financial stocks where the options prices are reasonable in companies that have exposure…
It is surprising that it took so long. A private equity firm is finally suing a bank that walked on a big transaction. It is only the beginning. Wachovia (WB) skipped out…
According to Reuters, Paulson believes that the current proposal to help homeowners is too broad and may help speculators. Reuters writes that Microsoft (NASDAQ:MSFT) has cut the price of Vista to encourage…
Clear Channel (NYSE: CCU) has settled its differences with Providence Equity for the LBO firm to buy its TV properties. The dispute had made it to court. The original price was $1.2…
Goldman Sachs (NYSE: GS) is likely to report a bad quarter. Much of this will be due to LBO debt which it has on its books and cannot syndicate to other institutions.…
Accordig to Reuters, Alan Greenspan says that the US economic growth is zero and that the oil boom will go on "forever." Reuters writes that the National Association for Business Economics survey…
