- DJIA 12,745.88 -120.90 -0.94%
- S&P500 1,388.28 -9.40 -0.67%
- NASDAQ 2,445.52 -5.72 -0.23%
- 10YR-TBond 3.7670% -0.0380
- 52-WEEK LOW CLUB
- TOP 10 ANALYST CALLS
Circuit City Stores, Inc. (NYSE: CC) looks like it finally capitulated in reaching agreement with activists and allowing due dilgence in an offer for the company.
Evergreen Solar, Inc. (NASDAQ: ESLR) saw a sharp drop of 7% to $8.25 as Citi gave it a SELL rating in new coverage of the solar stocks.
FedEx Corporation (NYSE: FDX) just issued another earnings warning right at the close, sending its shares down another 3% to $88.00 in after-hours trading. That was after seeing another 3% drop in normal trading.
iPass Inc. (NASDAQ: IPAS) fell sharply after earnings and subsequent downgrades. Shares were down 16% at $2.15 in the last hour; prior 52-week range was $2.43 to $5.69. Selling wi-fi spots probably is going to be tough once WiMAX does really hit the U.S.
Shares of Public Storage (NYSE: PSA) saw a drop after its FFO came in under expectations, an REIT equivalent for EPS. Shares were down 6% at $86.35 at the day's end.
Valero Energy Corp. (NYSE: VLO) seems counterintuitive with screaming oil prices, but its power costs and energy demands are costing more and more and it can't pass the costs along. Shares were at $44.70 at the end of the day and the prior 52-week trading range was $44.94 to $78.68.
Media World: Cablevision's (CVC) purchase of Newsday makes little sense
Ford (F): A bullish case for a turnaround
Cramer on BloggingStocks: In retail, lower prices beckon
Reader Comments (Page 1 of 1)
5-09-2008 @ 7:20PM
william lindblad said...
Those that can correctly gauge this scenario will be sure winners. In this case knowledge would be better supplanted by a crystal ball or considerable luck. The housing bubble has burst. What is next? Will it be commodities or the stock market? It is a sure bet that one or the other, or perhaps both, will be heading on a Southern course. Housing has damaged the financial infrastructure by creating a need for lower interest rates. That damaged those that use interest payments as expendible money. The lower rates devalued the dollar and aided the rapid escalation of the price of fuel. That and the sub prime fiasco have emptied the consumers pockets. Food is going up in leaps and bounds and people just have to eat. Home equity is all but gone and credit cards are getting near maxed. Something has to give and it will be the market out of fear or OPEC out of good business sense.