BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Closing Bell: More QE2 Confusion Influencing Markets (ABK, LDK, UNG, RGLD, LVLT, AKAM, LLNW, APEI)]]>http://www.bloggingstocks.com/2010/11/09/closing-bell-more-qe2-confusion-influencing-markets-abk-ldk/http://www.bloggingstocks.com/2010/11/09/closing-bell-more-qe2-confusion-influencing-markets-abk-ldk/http://www.bloggingstocks.com/2010/11/09/closing-bell-more-qe2-confusion-influencing-markets-abk-ldk/#commentsFiled under: , , , ,

Many stocks had large gains yet the markets were mixed throughout the day. Sometimes the market likes QE2 and sometimes it doesn't. Today is a day where the markets are struggling to to figure out what influence to follow. Gold was above $1400 and oil hit new recent highs, but both gave some back today as the market correlation between the dollar and other markets was not tick for tick.

Here are today's unofficial closing bell levels:

Dow Jones 11,346.75 -60.09 (-0.53%)
S&P 500 1,213.40 -9.85 (-0.81%)
Nasdaq 2,562.98 -17.07 (-0.66%)

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Continue reading Closing Bell: More QE2 Confusion Influencing Markets (ABK, LDK, UNG, RGLD, LVLT, AKAM, LLNW, APEI)

Closing Bell: More QE2 Confusion Influencing Markets (ABK, LDK, UNG, RGLD, LVLT, AKAM, LLNW, APEI) originally appeared on BloggingStocks on Tue, 09 Nov 2010 16:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ABKAKAMAPEILLNWLVLTRGLDUNGTue, 09 Nov 2010 16:20:00 EST<![CDATA[Closing Bell: Pre-Election Glee Turns Mixed (ABK, BHI, BIOD, JKS, XCO, FTNT, JPM)]]>http://www.bloggingstocks.com/2010/11/01/closing-bell-pre-election-glee-turns-mixed-abk-bhi-biod-jks/http://www.bloggingstocks.com/2010/11/01/closing-bell-pre-election-glee-turns-mixed-abk-bhi-biod-jks/http://www.bloggingstocks.com/2010/11/01/closing-bell-pre-election-glee-turns-mixed-abk-bhi-biod-jks/#commentsFiled under: , , ,

Today was a mixed day as stocks went from positive to negative to mixed throughout the day after stronger economic data was trumped by banks. Some are taking profits ahead of the election tomorrow and ahead of any quantitative easing announcements due from the FOMC on Wednesday. Strong manufacturing led the charge up this morning, and 30-Year Treasury bonds were back above 4.00% late in the afternoon. The real direction of the close was not going to be known until the final minutes by the feel of it.

Here were today's unofficial closing bell levels:

Dow Jones 11,124.62 +6.13 (0.06%)
S&P 500 1,184.38 +1.12 (0.09%)
Nasdaq 2,504.84 -2.57 (-0.10%)

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Continue reading Closing Bell: Pre-Election Glee Turns Mixed (ABK, BHI, BIOD, JKS, XCO, FTNT, JPM)

Closing Bell: Pre-Election Glee Turns Mixed (ABK, BHI, BIOD, JKS, XCO, FTNT, JPM) originally appeared on BloggingStocks on Mon, 01 Nov 2010 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ABKBIODFTNTJKSJPMXCOMon, 01 Nov 2010 16:00:00 EST<![CDATA[Closing Bell: Bulls Come Back Quick (ABK, BAC, AAPL, AMLN, CREE, FSII, WFC)]]>http://www.bloggingstocks.com/2010/10/20/closing-bell-bulls-come-back-quick-abk-bac-aapl-amln-cree/http://www.bloggingstocks.com/2010/10/20/closing-bell-bulls-come-back-quick-abk-bac-aapl-amln-cree/http://www.bloggingstocks.com/2010/10/20/closing-bell-bulls-come-back-quick-abk-bac-aapl-amln-cree/#commentsFiled under: ,

Investors took yesterday's drop as an opportunity. The new consensus is that the double-dip recession scenario is gone and that quantitative easing will also still occur. The dollar gave back on some of yesterday's gains, and that helped gold and oil and related assets. Then the Fed's Beige Book acted like a "economic upgrade" from the Fed.

Here were today's unofficial closing bell levels:

DJIA
NASDAQ
S&P500

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Continue reading Closing Bell: Bulls Come Back Quick (ABK, BAC, AAPL, AMLN, CREE, FSII, WFC)

Closing Bell: Bulls Come Back Quick (ABK, BAC, AAPL, AMLN, CREE, FSII, WFC) originally appeared on BloggingStocks on Wed, 20 Oct 2010 16:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AAPLABKAMLNCREEFSIIWFCWed, 20 Oct 2010 16:20:00 EST<![CDATA[Closing Bell: A Hard Friday in August (POT, FOSL, YHOO, RIMM, COCO, RMBS, ABK, MRVL, CRM)]]>http://www.bloggingstocks.com/2010/08/20/closing-bell-a-hard-friday-in-august-pot-fosl-yhoo-rimm-co/http://www.bloggingstocks.com/2010/08/20/closing-bell-a-hard-friday-in-august-pot-fosl-yhoo-rimm-co/http://www.bloggingstocks.com/2010/08/20/closing-bell-a-hard-friday-in-august-pot-fosl-yhoo-rimm-co/#commentsFiled under: , ,

Today was one of those Fridays that felt bad most of the trading day. It was an options expiration date today, and there was no domestic economic news to drive the markets. PC earnings failed to ignite interest and sellers had most of a quiet Friday in August to themselves.

Here were today's unofficial closing bell levels:

DJIA
S&P500
NASDAQ

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Continue reading Closing Bell: A Hard Friday in August (POT, FOSL, YHOO, RIMM, COCO, RMBS, ABK, MRVL, CRM)

Closing Bell: A Hard Friday in August (POT, FOSL, YHOO, RIMM, COCO, RMBS, ABK, MRVL, CRM) originally appeared on BloggingStocks on Fri, 20 Aug 2010 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ABKCOCOCRMMRVLPOTRIMMRMBSYHOOFri, 20 Aug 2010 16:00:00 EST<![CDATA[Closing Bell: The Bears Found Some Bulls (ABK, JASO, MBI, NFLX, INTC)]]>http://www.bloggingstocks.com/2010/08/10/closing-bell-the-bears-found-some-bulls-abk-jaso-mbi-nflx/http://www.bloggingstocks.com/2010/08/10/closing-bell-the-bears-found-some-bulls-abk-jaso-mbi-nflx/http://www.bloggingstocks.com/2010/08/10/closing-bell-the-bears-found-some-bulls-abk-jaso-mbi-nflx/#commentsFiled under: , ,

How you look at today's FOMC meeting is up to you, but the stock market bounced in reaction to the FOMC's decision to reinvest rolling maturities into more Treasury bonds. A higher oil forecast from the EIA also lent more credence to a sustained growth despite some tempering of those growth estimates.

Here were today's unofficial closing bell levels:

Dow Jones 10,644.25 -54.50 (-0.51%)
S&P 500 1,121.08 -6.71 (-0.59%)
Nasdaq 2,277.17 -28.52 (-1.24%)

Continue reading Closing Bell: The Bears Found Some Bulls (ABK, JASO, MBI, NFLX, INTC)

Closing Bell: The Bears Found Some Bulls (ABK, JASO, MBI, NFLX, INTC) originally appeared on BloggingStocks on Tue, 10 Aug 2010 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ABKcomputer salesfomcINTCMBINFLXTue, 10 Aug 2010 16:00:00 EST<![CDATA[Puts Popular as Ambac Financial Takes a Post-Earnings Dive]]>http://www.bloggingstocks.com/2010/08/10/ambac-financial-post-earnings-dive/http://www.bloggingstocks.com/2010/08/10/ambac-financial-post-earnings-dive/http://www.bloggingstocks.com/2010/08/10/ambac-financial-post-earnings-dive/#commentsFiled under: , , , ,

Ambac logoAmbac Financial Group (ABK) took the earnings stage Monday night -- and the stock took a quick dive right out of the gate Tuesday morning, if that gives you any indication about the quarterly results. The bond insurer swung to a loss of $57.6 million in the second quarter, and warned that a bankruptcy filing is likely if it can't come up with a plan to restructure its liabilities within the next year.

The company's official release stated the matter quite plainly: "Ambac has insufficient capital to finance its debt service and operating expense requirements beyond the second quarter of 2011 and may need to seek bankruptcy protection."

Continue reading Puts Popular as Ambac Financial Takes a Post-Earnings Dive

Puts Popular as Ambac Financial Takes a Post-Earnings Dive originally appeared on BloggingStocks on Tue, 10 Aug 2010 11:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ABKAmbac FinancialbankruptcycallscapitalChapter 11earningsfeaturedinthenewsliquidityoptionsputssecond quartershort interestshort sellerstechnical analysisTue, 10 Aug 2010 11:00:00 EST<![CDATA[Option Bears Place Bets on Ambac Financial Group]]>http://www.bloggingstocks.com/2010/05/25/option-bears-place-bets-on-ambac-financial-group/http://www.bloggingstocks.com/2010/05/25/option-bears-place-bets-on-ambac-financial-group/http://www.bloggingstocks.com/2010/05/25/option-bears-place-bets-on-ambac-financial-group/#commentsFiled under: ,

Ambac Financial Group (ABK) was targeted by pessimistic options traders on Monday, according to data from the International Securities Exchange (ISE). During the course of the session, speculators on the ISE bought to open 1,973 puts on ABK, compared to just 726 calls that were purchased. In other words, traders on this exchange purchased 2.72 times more bearish bets than bullish on the bond insurer.

The day's most popular put was the August 1 strike, where 2,784 contracts traded. About 94% of these contracts changed hands at the ask price, revealing they were most likely purchased, and implied volatility on this strike jumped 76.4% by the close. Open interest on the August 1 put increased overnight by 2,261 contracts, confirming that new pessimistic positions were opened here on Monday.

Continue reading Option Bears Place Bets on Ambac Financial Group

Option Bears Place Bets on Ambac Financial Group originally appeared on BloggingStocks on Tue, 25 May 2010 11:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ABKAmbac Financial Groupinthenewsoptionsputstechnical analysisTue, 25 May 2010 11:40:00 EST<![CDATA[Before the Bell: Futures Point to Higher Open]]>http://www.bloggingstocks.com/2010/04/09/before-the-bell-futures-point-to-higher-open/http://www.bloggingstocks.com/2010/04/09/before-the-bell-futures-point-to-higher-open/http://www.bloggingstocks.com/2010/04/09/before-the-bell-futures-point-to-higher-open/#commentsFiled under: , , , , , ,

U.S. stock futures advanced Friday morning, pointing to a higher open as sentiment remained positive regarding the economic outlook following the reported March sales Thursday.

World stock markets rebounded Friday after fears Greece would default eased, a day after the country's cost of borrowing went through the roof. While debt-ridden Greece has not asked for the activation of a euro-zone and International Monetary Fund rescue plan designed to prevent a default, Greece finance minister said details of how the plan would operate are being worked out, the AP reported.

Continue reading Before the Bell: Futures Point to Higher Open

Before the Bell: Futures Point to Higher Open originally appeared on BloggingStocks on Fri, 09 Apr 2010 08:35:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>abkcvxFri, 09 Apr 2010 08:35:00 EST<![CDATA[Before the Bell: Futures Higher After Employment Data]]>http://www.bloggingstocks.com/2010/03/25/before-the-bell-futures-higher-after-employment-data/http://www.bloggingstocks.com/2010/03/25/before-the-bell-futures-higher-after-employment-data/http://www.bloggingstocks.com/2010/03/25/before-the-bell-futures-higher-after-employment-data/#commentsFiled under: , , , , ,

U.S. stock futures climbed Thursday as data showed yet another decline in jobless claims figures. Investors are also awaiting a meeting of European leaders with Greece's debt problems in mind. A testimony from Federal Reserve Chairman Ben Bernanke is also in focus Thursday.

Initial jobless claims fell declined by 14,000 to 442,000 -- the lowest level in six weeks -- as the rebound in the economy encourages companies to make fewer cuts in payrolls. The number of people continuing to receive jobless benefits decreased 54,000 in the week ended March 13 to 4.65 million, the lowest since Dec. 20, 2008.

Continue reading Before the Bell: Futures Higher After Employment Data

Before the Bell: Futures Higher After Employment Data originally appeared on BloggingStocks on Thu, 25 Mar 2010 08:55:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>abkThu, 25 Mar 2010 08:55:00 EST<![CDATA[MBIA booted from S&P 500 Index]]>http://www.bloggingstocks.com/2009/12/14/mbia-booted-from-sandp-500-index/http://www.bloggingstocks.com/2009/12/14/mbia-booted-from-sandp-500-index/http://www.bloggingstocks.com/2009/12/14/mbia-booted-from-sandp-500-index/#commentsFiled under: , , ,

Standard & Poor's is performing some end-of-year cleanup on its benchmark index, the S&P 500 Index (SPX). My colleague Mark Fightmaster reported earlier that Visa (V) is set to replace Ciena Corp. (CIEN) on the widely watched market barometer, but that's not the only SPX development hitting Wall Street today. In fact, struggling insurance issue MBIA Inc. (MBI) is preparing to take its leave from the venerable index.

In a press release late Friday, Standard & Poor's explained that MBIA "currently ranks 500th in the index and is no longer representative of the S&P 500 index market cap space." The beaten-down insurance company will be replaced by Mead Johnson Nutrition (MJN), which is in the process of being spun off by Bristol-Myers Squibb (BMY).

Continue reading MBIA booted from S&P 500 Index

MBIA booted from S&P 500 Index originally appeared on BloggingStocks on Mon, 14 Dec 2009 12:45:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ABKAmbac FinancialinthenewsMBIMBIA IncMbiaIncMead Johnson NutritionMJNshort sellersSP 500 IndexSPXtechnical analysisMon, 14 Dec 2009 12:45:00 EST<![CDATA[Closing Bell: No economic help today (CBST, AMZN, ABK, BAC, HUN, DD, STEM, STI)]]>http://www.bloggingstocks.com/2009/12/03/closing-bell-no-economic-help-today-cbst-amzn-abk-bac-hun/http://www.bloggingstocks.com/2009/12/03/closing-bell-no-economic-help-today-cbst-amzn-abk-bac-hun/http://www.bloggingstocks.com/2009/12/03/closing-bell-no-economic-help-today-cbst-amzn-abk-bac-hun/#commentsFiled under: ,

The weekly jobless claims set the tone for a positive day, but the Obama speech comments today may have set the tone for a slightly worse unemployment reading tomorrow. Harsh comments against Ben Bernanke at his reconfirmation hearing also dominated the news today. We also saw a very weak ISM services number. Everything led investors to take profits before tomorrow's key unemployment data.

Here were today's unofficial closing bell levels:

Dow 10,437.64 -15.04 (-0.14%)
S&P 500 1,099.92 -9.32 (-0.84%)
Nasdaq 2,173.14 -11.89 (-0.54%)

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Continue reading Closing Bell: No economic help today (CBST, AMZN, ABK, BAC, HUN, DD, STEM, STI)

Closing Bell: No economic help today (CBST, AMZN, ABK, BAC, HUN, DD, STEM, STI) originally appeared on BloggingStocks on Thu, 03 Dec 2009 16:15:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ABKAMZNBACCBSTDDHUNSTEMSTIThu, 03 Dec 2009 16:15:00 EST<![CDATA[Closing Bell: What sell-off? (AIG, ABK, EPR, MBI, JAVA, ORCL, ERTS)]]>http://www.bloggingstocks.com/2009/11/10/closing-bell-what-sell-off-aig-abk-epr-mbi-java-orcl-er/http://www.bloggingstocks.com/2009/11/10/closing-bell-what-sell-off-aig-abk-epr-mbi-java-orcl-er/http://www.bloggingstocks.com/2009/11/10/closing-bell-what-sell-off-aig-abk-epr-mbi-java-orcl-er/#commentsFiled under: , , ,

We had another bit of data showing strong home sales in Q3, but as prices fell. Yet the only real thing to note was that the sell-off that was starting out this morning just didn't hold when you look at the broad indexes today. Some dollar directional changes may be part of the issue that kept the stocks from getting cheaper. There were still many losers on the day.

Here were today's unofficial closing bell levels:

Dow 10,247.88 +20.94 (0.20%)
S&P 500 1,093.04 -0.04 (0.00%)
Nasdaq 2,151.08 -2.98 (-0.14%)

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Continue reading Closing Bell: What sell-off? (AIG, ABK, EPR, MBI, JAVA, ORCL, ERTS)

Closing Bell: What sell-off? (AIG, ABK, EPR, MBI, JAVA, ORCL, ERTS) originally appeared on BloggingStocks on Tue, 10 Nov 2009 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ABKAIGEPRERTSfeaturedJAVAMBIORCLTue, 10 Nov 2009 16:00:00 EST<![CDATA[The week in preview: A peek at apparel retail earnings]]>http://www.bloggingstocks.com/2009/05/10/the-week-in-preview-a-peek-at-apparel-retail-earnings/http://www.bloggingstocks.com/2009/05/10/the-week-in-preview-a-peek-at-apparel-retail-earnings/http://www.bloggingstocks.com/2009/05/10/the-week-in-preview-a-peek-at-apparel-retail-earnings/#commentsFiled under: , ,

As earnings season begins to wind down, some apparel retailers are scheduled to report quarterly results this week. Analysts polled by Thomson Reuters anticipate that Walmart Stores Inc. (NYSE: WMT), the 800-pound gorilla in the space, will report that it earned $0.77 per share in the first quarter, about the same as in the first quarter of last year. But JCPenney Co. (NYSE: JCP), Kohl's Corp. (NYSE: KSS), Nordstrom Inc. (NYSE: JWN), and Urban Outfitters Inc. (NASDAQ: URBN) are expected to report lower profits for the first quarter as consumers continued to hold off on spending. Macy's Inc. (NYSE: M) and Abercrombie & Fitch Co. (NYSE: ANF) are expected to have swung to a loss year over year.

Whole Foods Market Inc. (NASDAQ: WFMI) and Winn Dixie Stores Inc. (NASDAQ: WINN) are likewise expected to report declining earnings, while the Great Atlantic & Pacific Tea Co. (NYSE: GAP), parent of the A&P supermarket chain, is expected to have narrowed its net loss 68.9% to $0.28 per share.

Continue reading The week in preview: A peek at apparel retail earnings

The week in preview: A peek at apparel retail earnings originally appeared on BloggingStocks on Sun, 10 May 2009 12:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Abercrombie FitchABKAgilentAIPCAMATAmbacAmerican Italian PastaAmerican Science and EngineeringAMFAnglogold AshantiApplied MaterialsASEIAUBBIBlockbusterClearwireCLWRDISHDISH NetworkDPSDr PepperearningsfeaturedFLRFluorFOSLFossilGAPGreat AtlanticJCPJCPenneyJWNKohlsKSSMacysMBIMBIANordstomPCLNPricelineSNESonyStanleySXETidewaterUrban OutfittersURBNWal-MartWalmartWarner ChilcottWCRXWESWestern Gas PartnersWFMIWhole FoodsWINNWinn DixieWMTSun, 10 May 2009 12:30:00 EST<![CDATA[Ambac pays execs $3 million in undeserved bonuses]]>http://www.bloggingstocks.com/2009/02/03/ambac-pays-execs-3-million-in-undeserved-bonuses/http://www.bloggingstocks.com/2009/02/03/ambac-pays-execs-3-million-in-undeserved-bonuses/http://www.bloggingstocks.com/2009/02/03/ambac-pays-execs-3-million-in-undeserved-bonuses/#commentsFiled under: , ,

Over the past 12 months, shareholders in Ambac (NYSE: ABK) have lost more than 90% of their investments as the bond insurers ill-advised forays into structured finance have resulted in massive losses.

But for some reason the company's compensation committee deemed that performance worthy of $3 million in bonuses for 4 of Ambac's top executives. The company's latest proxy statement shows that CFO Sean Lenorard received a $950,000 cash bonus and Executive Vice President Douglas Renfield-Miller got $550,000. Chairman Michael Callen received $975,000 and Chief Executive Officer David Wallis took home $500,000

Continue reading Ambac pays execs $3 million in undeserved bonuses

Ambac pays execs $3 million in undeserved bonuses originally appeared on BloggingStocks on Tue, 03 Feb 2009 08:48:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>ABKAmbacBonusesexecutive compensationexecutive payExecutiveCompensationExecutivePayinthenewsTue, 03 Feb 2009 08:48:00 EST<![CDATA[Stocks in the news: DELL, GE, GM, LTD, PFE, PETM, BA, ABK, C, YHOO ... (update)]]>http://www.bloggingstocks.com/2008/11/20/stocks-in-the-news-dell-ge-gm-ltd-pfe-petm-ba-abk-c-yh/http://www.bloggingstocks.com/2008/11/20/stocks-in-the-news-dell-ge-gm-ltd-pfe-petm-ba-abk-c-yh/http://www.bloggingstocks.com/2008/11/20/stocks-in-the-news-dell-ge-gm-ltd-pfe-petm-ba-abk-c-yh/#commentsFiled under: , , , , , , , , , , ,

Dell Inc. (NASDAQ: DELL), the personal computer maker, is due to report its financial results after the market close. The company is expected to post a 9% drop in earnings to 31 cents per share, according to Briefing.com. DELL shares were 1.5% higher in premarket trade (8:00 am). Dell shares were 2.7% lower about half an hour after the open.

General Electric Co. (NYSE: GE) is seeking funds from China Investment Corp., Government of Singapore Investment Corp. and at least two other sovereign-wealth funds. GE shares have plunged some 60% this year as the company has lowered 2008 profit target twice. But GE also raised $3 billion last month as Warren Buffett's Berkshire Hathaway Inc. (NYSE: BRK) invested in the company. GE shares declined 8.3% around 9:55 am. The company said that while it is in talks with Asian investors about joint ventures, it has no intention of raising additional capital from sovereign-wealth funds.

General Motors Corp (NYSE: GM), Ford Motor Co. (NYSE: F) and Chrysler Llc returned empty-handed from Washington as the bailout plan for the automotive sector seems hanging by a thread. The sought after compromise couldn't be reached and the Senate canceled plans for a vote Wednesday. The Bush administration and congressional Republicans have rejected Democrats' plan to dip into the $700 billion Wall Street rescue fund for a $25 billion automotive sector bailout. Interestingly, some think no bailout will not send the stock market off a cliff. Meanwhile, Chrsyler still wants to merge with GM -- little wonder there.

However, GMAC Financial Services has applied to the Federal Reserve to become a bank holding company. If approved, it would allow GM's financing arm to be eligible for aid under the Treasury's $700 billion bank rescue plan, automotive bailout or not. Still, GM shares were down about 10% in premarket trade (8:05 am), just as Ford's were up 3.2% (8:05 am). GM shares were beaten down another 11.5% around 9:55 am, Ford's were down some 4.8%.

Continue reading Stocks in the news: DELL, GE, GM, LTD, PFE, PETM, BA, ABK, C, YHOO ... (update)

Stocks in the news: DELL, GE, GM, LTD, PFE, PETM, BA, ABK, C, YHOO ... (update) originally appeared on BloggingStocks on Thu, 20 Nov 2008 08:16:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>abkbaccrmdellfgegmgpsinthenewsltdpetmpfeyhooThu, 20 Nov 2008 08:16:00 EST<![CDATA[Cramer on BloggingStocks: Fix the home glut ]]>http://www.bloggingstocks.com/2008/11/12/cramer-on-bloggingstocks-fix-the-home-glut/http://www.bloggingstocks.com/2008/11/12/cramer-on-bloggingstocks-fix-the-home-glut/http://www.bloggingstocks.com/2008/11/12/cramer-on-bloggingstocks-fix-the-home-glut/#commentsFiled under: , , , , , , , ,

TheStreet.com's Jim Cramer says that's the real problem, and every little bit helps.

Many are decrying that the AIG (NYSE: AIG) (Cramer's Take) bailout now helps the holders of the collateralized debt obligations (CDOs) who bought insurance against them from AIG. The idea is simple: These CDOs are worth, in many cases, next to nothing depending upon the vintages, geographies and FICO scores, but they will now be paid back at pretty much face value -- AIG CEO Ed Liddy said the prices will be negotiated, but I don't see how they can get any less because AIG guaranteed it and the U.S. is not abrogating any of these guarantees.

It's an obvious windfall and still one more piece of the stinking puzzle that involves unwinding the bogus real estate finance that prevailed from 2004 to 2007. The bigger issue, though, is whether the government will then take over MBIA (NYSE: MBI) (Cramer's Take) and Ambac (NYSE: ABK) (Cramer's Take) -- I know people at those companies say they don't need it, so OK, they don't ... but let's say they do for the purposes of reality -- and have them make good on all of the credit default swaps they wrote against bad CDOs.

If the government is willing, they can buy several trillion dollars of these easily through this method and then sit on them and hopefully they will come back to some value.

Continue reading Cramer on BloggingStocks: Fix the home glut

Cramer on BloggingStocks: Fix the home glut originally appeared on BloggingStocks on Wed, 12 Nov 2008 09:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>abkaigcfeaturedfnmfrehousingjim cramerJimCramerjpmmbiwfcWed, 12 Nov 2008 09:30:00 EST<![CDATA[Earnings highlights: GM, Time Warner, Cisco, News Corp., Viacom, Revlon and others]]>http://www.bloggingstocks.com/2008/11/08/earnings-highlights-gm-time-warner-cisco-news-corp-viacom/http://www.bloggingstocks.com/2008/11/08/earnings-highlights-gm-time-warner-cisco-news-corp-viacom/http://www.bloggingstocks.com/2008/11/08/earnings-highlights-gm-time-warner-cisco-news-corp-viacom/#commentsFiled under: , , , , , , , , , , , , , ,

Here are some highlights from this past week's earnings coverage from BloggingStocks:

Also, our Obama Picks include companies whose earnings could benefit from the outcome of the presidential election.

For more earnings highlights from this week, see Ford, Toyota, Goldman Sachs, Disney, Sprint, ADM and others.

Upcoming quarterly reports include AIG (NYSE: AIG), Starbucks (NASDAQ: SBUX), Tyson (NYSE: TSN), Microsoft (NASDAQ: MSFT), Applied Materials (NASDAQ: AMAT), Macy's (NYSE: M), Dr Pepper (NYSE: DPS), Kohl's (NYSE: KSS), Wal-Mart (NYSE: WMT), JCPenney (NYSE: JCP).

Visit AOL Money & Finance for more earnings coverage.

Earnings highlights: GM, Time Warner, Cisco, News Corp., Viacom, Revlon and others originally appeared on BloggingStocks on Sat, 08 Nov 2008 09:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ABKActivisionAmbacATVIBBIBBYBest BuyBlockbusterCCCircuit CityCiscoCSCOearningsearnings reportsFLRFluorGeneral MotorsGMGoodyearGTIncredible HulkIron ManMarvelMBIAMVLNews Corp.NWSObamaQCOMQualcommREVRevlonTime WarnerTWXVIAViacomWFMIWhole FoodsSat, 08 Nov 2008 09:40:00 EST<![CDATA[Ambac can't bring itself to say the B-word]]>http://www.bloggingstocks.com/2008/11/05/ambac-cant-bring-itself-to-say-the-b-word/http://www.bloggingstocks.com/2008/11/05/ambac-cant-bring-itself-to-say-the-b-word/http://www.bloggingstocks.com/2008/11/05/ambac-cant-bring-itself-to-say-the-b-word/#commentsFiled under:

Shares of Ambac Financial Group, Inc. (NYSE: ABK) are down nearly 40% today after the company reported results the street deemed abysmal, even by the low standards that have been set for this once-proud company. The company lost 2.4312 billion dollars -- but apparently it was too humiliating to put it that way. So the result is a ludicrous press release headline that reads Ambac Financial Group, Inc. Announces Third Quarter Net Loss of $2,431.2 Million.

Mark-to-market losses on credit derivatives amounted to $2,705.2 million with a smattering of gains and losses in others categories making up the remainder.

I understand that reason behind using the $2,431 million figure: in the company's balance sheet and income statement, figures are quoted in millions. But for the headline of the press release, it's a little weird to stick with that format: telling investors "We lost two-thousand four-hundred million dollars!" does not exactly inspire confidence.

Moody's announced on September 18th that is reviewing the company for a possible downgrade and the deterioration in the economy since then would not seem to bode well for the company's future. There could be many more thousands of millions in losses to come.

Ambac can't bring itself to say the B-word originally appeared on BloggingStocks on Wed, 05 Nov 2008 17:27:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>110508ABKAmbacWed, 05 Nov 2008 17:27:00 EST<![CDATA[Before the bell: Stocks headed lower; TWX, CSCO, ABK, MBI, DELL ...]]>http://www.bloggingstocks.com/2008/11/05/before-the-bell-stocks-headed-lower-twx-csco-abk-mbi-dell/http://www.bloggingstocks.com/2008/11/05/before-the-bell-stocks-headed-lower-twx-csco-abk-mbi-dell/http://www.bloggingstocks.com/2008/11/05/before-the-bell-stocks-headed-lower-twx-csco-abk-mbi-dell/#commentsFiled under: , , , , , , , , , , , , , , , ,

U.S. stock futures were lower Wednesday morning, a day after a historic election saw Barack Obama elected president. But if Tuesday markets rallied, today it seems we're witnessing a "sell on the news". President-elect Obama will inherit a troubled economy and that what Wall Street is back to focusing on this morning. Some data could contribute to current sentiment as the October ADP employment numbers will be released before the opening bell and October ISM services after. weekly energy inventory data are also out for release. Oil prices declined ahead of the data to around $68.30 a barell.

Time Warner (NYSE: TWX) reported an 18% growth in profits from continuing operations, and profit of 31 cents per share (excluding items), beating analyst estimates. Time Warner also lowered its outlook for full-year earning primarily because of layoffs at Time Inc. Advertising revenue at AOL as did revenue at its Warner Bros. movie division, but TWX saw growth in its cable-access and cable-network businesses.

Cisco Systems Inc. (NASDAQ: CSCO) and News Corp. (NYSE: NWS) will both report after the close. Cisco is expected to report fiscal first-quarter earnings of 39 cents a share, News Corp., 22 cents a share in the fiscal first quarter according to Thomson Reuters.

Continue reading Before the bell: Stocks headed lower; TWX, CSCO, ABK, MBI, DELL ...

Before the bell: Stocks headed lower; TWX, CSCO, ABK, MBI, DELL ... originally appeared on BloggingStocks on Wed, 05 Nov 2008 08:14:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>110508aaplabkcscodellgoogintcinthenewsmbimotmsftnwsrimmstwxWed, 05 Nov 2008 08:14:00 EST<![CDATA[The week in preview: Expectations remain high for energy and oil]]>http://www.bloggingstocks.com/2008/11/02/the-week-in-preview-expectations-remain-high-for-energy-and-oil/http://www.bloggingstocks.com/2008/11/02/the-week-in-preview-expectations-remain-high-for-energy-and-oil/http://www.bloggingstocks.com/2008/11/02/the-week-in-preview-expectations-remain-high-for-energy-and-oil/#commentsFiled under: , , , , , , ,

The focus of last week's preview was on oil and energy companies, and we saw that big oil had a good week, reporting better-than-expected results and record profits driven by high prices in the third quarter. Energy-related companies are well represented again this week and expectations in general remain high.

Early in the week, analysts surveyed by Thomson Financial anticipate that the big earnings gainers will include EOG Resources Inc. (NYSE: EOG), Anadarko Petroleum Corp. (NYSE: APC), and Cimarex Energy Co. (NYSE: XEC), which are expected to post profits of $2.24 per share (up 64.7% from a year ago), $1.48 per share (up 52.7%) and $2.26 per share (up 61.1%) respectively. All three of them have offered positive surprises in recent quarters, and analysts on average recommend buying EOG and Anadarko. Other expected big earnings gainers early in the week include Forest Oil Corp. (NYSE: FST), Pioneer Natural Resources Co. (NYSE: PXD), Comstock Resources Inc. (NYSE: CRK), and MasterCard Inc. (NYSE: MA). The earnings of phosphates producer Innophos Holdings Inc. (NASDAQ: IPHS) are expected to have risen 92.3% to $3.37 per share. Innophos beat estimates in the previous quarter by a whopping 210%, and analysts have been impressed with Innophos's lack of debt and pricing gains despite the slowing economy, so, on average, they recommend buying IPHS.

Also early in the week, analysts expect Goodyear Tire & Rubber Co. (NYSE: GT), Kaiser Aluminum Corp. (NASDAQ: KALU), and Oshkosh Corp. (NYSE: OSK) to report that their profits fell 52.9% to $0.33 per share, 45.1% to $0.67 per share, and 41.2% to $0.67 per share, respectively. These companies have tended to beat estimates in recent quarters, and the consensus recommendations of analysts are to buy them. However, PMI Group Inc. (NYSE: PMI), one of the largest private mortgage insurance providers in the U.S., is expected to take another hit as the housing slump drags on. The California-based company is expected to have widened its net loss from $1.04 per share a year ago to $2.43 per share in the most recent quarter. Its shares are down 84.5% from a year ago, and have been trading recently near their 52-week low.

Continue reading The week in preview: Expectations remain high for energy and oil

The week in preview: Expectations remain high for energy and oil originally appeared on BloggingStocks on Sun, 02 Nov 2008 12:30:00 EST. Please see our terms for use of feeds.

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