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<generator>Blogsmith http://www.blogsmith.com/</generator><item><title><![CDATA[Year-to-date winners and losers of the S&amp;P 500 Index]]></title><link>http://www.bloggingstocks.com/2008/11/26/year-to-date-winners-and-losers-of-the-sandp-500-index/</link><guid isPermaLink="true">http://www.bloggingstocks.com/2008/11/26/year-to-date-winners-and-losers-of-the-sandp-500-index/</guid><comments>http://www.bloggingstocks.com/2008/11/26/year-to-date-winners-and-losers-of-the-sandp-500-index/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.bloggingstocks.com/category/major-movement/" rel="tag">Major Movement</a>, <a href="http://www.bloggingstocks.com/category/wmt/" rel="tag">Wal-Mart (WMT)</a>, <a href="http://www.bloggingstocks.com/category/gm/" rel="tag">General Motors (GM)</a>, <a href="http://www.bloggingstocks.com/category/mcd/" rel="tag">McDonald's (MCD)</a>, <a href="http://www.bloggingstocks.com/category/hrb/" rel="tag">H and R Block (HRB)</a>, <a href="http://www.bloggingstocks.com/category/cit/" rel="tag">CIT Group (CIT)</a>, <a href="http://www.bloggingstocks.com/category/fdo/" rel="tag">Family Dollar Stores (FDO)</a>, <a href="http://www.bloggingstocks.com/category/aig/" rel="tag">Amer Intl Group (AIG)</a>, <a href="http://www.bloggingstocks.com/category/sandp-500/" rel="tag">S and P 500</a>, <a href="http://www.bloggingstocks.com/category/djia/" rel="tag">DJIA</a></p><p><img vspace="4" hspace="4" border="1" align="right" src="http://www.blogcdn.com/www.bloggingstocks.com/media/2008/02/wstreet.jpg" alt="" />With the end of the year fast approaching, it's time to start putting together "best of" and "worst of" lists for 2008. This entry is a little bit of both, but it's admittedly heavy on the "worst of." Among the current members of the S&amp;P 500 Index (SPX), just 11 were sitting on a year-to-date gain as of the close of trading on Monday, November 24. Since <a href="http://finance.aol.com/quotes/big-lots-inc/big/nys">Big Lots</a> (NYSE: <a href="http://finance.aol.com/quotes/big-lots-inc/big/nys">BIG</a>) is unchanged, that means we have a whopping 488 securities sitting on a loss for the year.</p>
<p>Let's start with the bad news first. Among the worst-performing stocks on the SPX, the six top spots are claimed by stocks in the Insurance and Real Estate sectors. <a href="http://finance.aol.com/quotes/general-growth-properties-inc-de/ggp/nys">General Growth Properties</a> (NYSE: <a href="http://finance.aol.com/quotes/general-growth-properties-inc-de/ggp/nys">GGP</a>) has the dubious honor of dropping nearly 98% on the year, and -- not surprisingly -- <a href="http://finance.aol.com/quotes/american-international-group-inc/aig/nys">American International Group</a> (NYSE: <a href="http://finance.aol.com/quotes/american-international-group-inc/aig/nys">AIG</a>) isn't far behind. <br /></p><p><a href="http://www.bloggingstocks.com/2008/11/26/year-to-date-winners-and-losers-of-the-sandp-500-index/" rel="bookmark">Continue reading <em>Year-to-date winners and losers of the S&amp;P 500 Index</em></a></p><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.bloggingstocks.com/2008/11/26/year-to-date-winners-and-losers-of-the-sandp-500-index/">Year-to-date winners and losers of the S&amp;P 500 Index</a> originally appeared on <a href="http://www.bloggingstocks.com">BloggingStocks</a> on Wed, 26 Nov 2008 10:00:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.bloggingstocks.com/2008/11/26/year-to-date-winners-and-losers-of-the-sandp-500-index/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/forward/1383142/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2008/11/26/year-to-date-winners-and-losers-of-the-sandp-500-index/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>barr pharmaceuticals</category><category>BarrPharmaceuticals</category><category>best stocks 2008</category><category>BestStocks2008</category><category>big</category><category>big lots</category><category>BigLots</category><category>featured</category><category>general growth properties</category><category>GeneralGrowthProperties</category><category>ggp</category><category>national city</category><category>NationalCity</category><category>ncc</category><category>SP 500 Index</category><category>Sp500Index</category><category>SPX</category><category>worst stocks 2008</category><category>WorstStocks2008</category><dc:creator><![CDATA[Elizabeth Harrow]]></dc:creator><pubDate>Wed, 26 Nov 2008 10:00:00 EST</pubDate></item><item><title><![CDATA[Option Update: Bank volatility elevated into EPS &amp; outlooks]]></title><link>http://www.bloggingstocks.com/2008/10/15/option-update-bank-volatility-elevated-into-eps-and-outlooks/</link><guid isPermaLink="true">http://www.bloggingstocks.com/2008/10/15/option-update-bank-volatility-elevated-into-eps-and-outlooks/</guid><comments>http://www.bloggingstocks.com/2008/10/15/option-update-bank-volatility-elevated-into-eps-and-outlooks/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.bloggingstocks.com/category/c/" rel="tag">Citigroup Inc. (C)</a>, <a href="http://www.bloggingstocks.com/category/options/" rel="tag">Options</a></p><p><strong><a href="http://finance.aol.com/quotes/national-city-corporation/ncc/nys/option-chains"><img align="right" alt="" src="http://www.blogcdn.com/www.bloggingstocks.com/media/2008/10/flywall_final_logo_mini.gif" />National City</a></strong> (NYSE: <a href="http://finance.aol.com/quotes/national-city-corporation/ncc/nys/option-chains">NCC</a>) closed at $3.10. NCC is scheduled to report Q3 EPS on October 21. NCC November 3 straddle is priced at $1.55 according to Track Data, suggesting large price fluctuations.</p>
<p><strong><a href="http://finance.aol.com/quotes/citigroup-incorporated/c/nys/option-chains">Citigroup</a></strong> (NYSE: <a href="http://finance.aol.com/quotes/citigroup-incorporated/c/nys/option-chains">C</a>) closed at $18.62. Citi is scheduled to report EPS on October 16. Citi October 20 straddle is priced at $1.43, November 20 straddle is priced at $4.74, and Citi November option implied volatility of 98 is above its 26-week average of 54 according to Track Data, suggesting larger price movement. </p>
<p><strong><a href="http://finance.aol.com/quotes/the-pnc-financial-services-group-inc/pnc/nys/option-chains">PNC Financial Services</a></strong> (NYSE: <a href="http://finance.aol.com/quotes/the-pnc-financial-services-group-inc/pnc/nys/option-chains">PNC</a>) closed at $63.04. PNC is expected to report EPS on October 16. PNC October 62.5 straddle is priced at $6.80, November 62.5 straddle is priced at $13.70. PNC November option implied volatility of 79 is above its 26-week average of 45 according to Track Data, suggesting larger price movement.</p>
<p><em>Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com</em></p><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.bloggingstocks.com/2008/10/15/option-update-bank-volatility-elevated-into-eps-and-outlooks/">Option Update: Bank volatility elevated into EPS &amp; outlooks</a> originally appeared on <a href="http://www.bloggingstocks.com">BloggingStocks</a> on Wed, 15 Oct 2008 11:40:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.bloggingstocks.com/2008/10/15/option-update-bank-volatility-elevated-into-eps-and-outlooks/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/forward/1342783/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2008/10/15/option-update-bank-volatility-elevated-into-eps-and-outlooks/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>Citigroup</category><category>National City</category><category>NationalCity</category><category>option implied volatility</category><category>OptionImpliedVolatility</category><category>PNC Financial Services</category><category>PncFinancialServices</category><dc:creator><![CDATA[Paul Foster]]></dc:creator><pubDate>Wed, 15 Oct 2008 11:40:00 EST</pubDate></item><item><title><![CDATA[Financial foundation crumbles: First banks, now insurance]]></title><link>http://www.bloggingstocks.com/2008/10/07/financial-foundation-crumbles-first-banks-now-insurance/</link><guid isPermaLink="true">http://www.bloggingstocks.com/2008/10/07/financial-foundation-crumbles-first-banks-now-insurance/</guid><comments>http://www.bloggingstocks.com/2008/10/07/financial-foundation-crumbles-first-banks-now-insurance/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.bloggingstocks.com/category/bac/" rel="tag">Bank of America (BAC)</a>, <a href="http://www.bloggingstocks.com/category/fnm/" rel="tag">Federal Natl Mtge (FNM)</a>, <a href="http://www.bloggingstocks.com/category/aig/" rel="tag">Amer Intl Group (AIG)</a>, <a href="http://www.bloggingstocks.com/category/financial-crisis/" rel="tag">Financial Crisis</a></p><p><img hspace="4" align="right" vspace="4" alt="" src="http://www.blogcdn.com/www.bloggingstocks.com/media/2008/02/bac-bank-of-america-logo.jpg" />The banking system has been crumbling for over a year, but last month's collapse of <a href="http://finance.aol.com/quotes/american-international-group-inc/aig/nys"><strong>American International Group</strong></a> (NYSE: <a href="http://finance.aol.com/quotes/american-international-group-inc/aig/nys"><strong>AIG</strong></a>) -- which prompted an $85 billion government takeover -- suggests that insurance is not immune from the problems. As a reminder, AIG got snared in the <a href="http://www.bloggingstocks.com/2008/09/17/85-billion-in-taxpayer-money-to-bailout-aig-thank-you-phil-gr/print/">$62 trillion Credit Default Swap (CDS)</a> market whose growth was spurred by McCain advisor, Phil "Americans are Whiners" Gramm. </p>
<p>And as insurance crumbles, banks keep suffering. <strong><a href="http://finance.aol.com/quotes/bank-of-america-corporation/bac/nys">Bank of America</a></strong> (NYSE: <a href="http://finance.aol.com/quotes/bank-of-america-corporation/bac/nys">BAC</a>) and <strong><a href="http://finance.aol.com/quotes/national-city-corporation/ncc/nys">National City Corp.</a></strong> (NYSE: <a href="http://finance.aol.com/quotes/national-city-corporation/ncc/nys">NCC</a>) are both hurting. How much?</p>
<ul>
    <li><strong>Bank of America's</strong> <a href="http://www.businessweek.com/investor/content/oct2008/pi2008106_846441_page_4.htm">earnings plunged 68%</a> to $1.18 billion, or $0.15/share -- missing by 60% analysts' forecast of 62 cents. Bank of America will raise capital by selling $10 billion of common stock and slashing its dividend in half from 64 cents to 32 cents. One analyst <a href="http://money.aol.com/news/articles/qp/ap/_a/ahead-of-the-bell-bank-of-america/rfid146568843">cut the bank's 2009 earnings estimate</a> to $2.50 per share from $3 per share -- this is well below the $3.12 per share from a Thomson Reuters analyst poll -- and lowered his price target by $2 to $26. </li>
    <li>
    <p><strong>National City Corp. and its National City Bank </strong>both suffered debt downgrades from Fitch. For instance, Fitch slashed the bank subsidiary's long and short-term Issuer Default Ratings (IDR) to A- from A. And it lowered the bank and holding company's Individual rating to C from B. </p>
    </li>
</ul><p><a href="http://www.bloggingstocks.com/2008/10/07/financial-foundation-crumbles-first-banks-now-insurance/" rel="bookmark">Continue reading <em>Financial foundation crumbles: First banks, now insurance</em></a></p><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.bloggingstocks.com/2008/10/07/financial-foundation-crumbles-first-banks-now-insurance/">Financial foundation crumbles: First banks, now insurance</a> originally appeared on <a href="http://www.bloggingstocks.com">BloggingStocks</a> on Tue, 07 Oct 2008 09:20:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href=http://www.businessweek.com/investor/content/oct2008/pi2008106_846441_page_4.htm>Read</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2008/10/07/financial-foundation-crumbles-first-banks-now-insurance/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/forward/1335030/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2008/10/07/financial-foundation-crumbles-first-banks-now-insurance/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>aig</category><category>allianz</category><category>allianzinsurance</category><category>american international</category><category>american international group</category><category>AmericanInternational</category><category>AmericanInternationalGroup</category><category>bac</category><category>bank of america</category><category>BankOfAmerica</category><category>fannie mac</category><category>fannie mae</category><category>fannie maefreddie mac</category><category>FannieMac</category><category>FannieMae</category><category>FannieMaefreddieMac</category><category>featured</category><category>fnm</category><category>fre</category><category>hartfordfinancial</category><category>hig</category><category>lehman brothers</category><category>LehmanBrothers</category><category>national city</category><category>national city bank</category><category>national city corporation</category><category>NationalCity</category><category>NationalCityBank</category><category>NationalCityCorporation</category><category>ncc</category><dc:creator><![CDATA[Peter Cohan]]></dc:creator><pubDate>Tue, 07 Oct 2008 09:20:00 EST</pubDate></item><item><title><![CDATA[As Sovereign and Fifth Third crumble, will Dow have its worst tumble in history?]]></title><link>http://www.bloggingstocks.com/2008/09/29/as-sovereign-and-fifth-third-crumble-will-dow-have-its-worst-tu/</link><guid isPermaLink="true">http://www.bloggingstocks.com/2008/09/29/as-sovereign-and-fifth-third-crumble-will-dow-have-its-worst-tu/</guid><comments>http://www.bloggingstocks.com/2008/09/29/as-sovereign-and-fifth-third-crumble-will-dow-have-its-worst-tu/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.bloggingstocks.com/category/c/" rel="tag">Citigroup Inc. (C)</a>, <a href="http://www.bloggingstocks.com/category/wb/" rel="tag">Wachovia Corp (WB)</a>, <a href="http://www.bloggingstocks.com/category/financial-crisis/" rel="tag">Financial Crisis</a></p><p>The <a href="http://www.bloggingstocks.com/2008/09/29/fdic-citi-to-buy-wachovias-banking-operations/">merger</a> of <a href="http://finance.aol.com/quotes/wachovia-corporation/wb/nys"><font color="#0072bc">Wachovia Corporation</font></a> (NYSE: <a href="http://finance.aol.com/quotes/wachovia-corporation/wb/nys"><font color="#0072bc">WB</font></a>) and <a href="http://finance.aol.com/quotes/citigroup-incorporated/c/nys"><font color="#0072bc">Citigroup Inc.</font></a> (NYSE: <a href="http://finance.aol.com/quotes/citigroup-incorporated/c/nys"><font color="#0072bc">C</font></a>) left investors to wonder who would be next to crumble. And that question was answered quickly: <a href="http://finance.aol.com/quotes/sovereign-bancorp-inc/sov/nys">Sovereign Bancorp</a> (NYSE: <a href="http://finance.aol.com/quotes/sovereign-bancorp-inc/sov/nys">SOV</a>) and <a href="http://finance.aol.com/quotes/national-city-corporation/ncc/nys">National City Corporation</a> (NYSE: <a href="http://finance.aol.com/quotes/national-city-corporation/ncc/nys">NCC</a>) are on deck -- down 68% and 57%, respectively in today's trading. Meanwhile, thanks to the <a href="http://www.bloggingstocks.com/2008/09/29/republicans-sink-bailout-bill-dow-down-500/">Republican vote</a> to sink the bailout bill, the Dow is down 677. </p>
<p>The good news is that today's decline is not going to be the biggest in history on a percentage basis. The record that still stands was set in October 1987, when the Dow fell <a href="http://www.investopedia.com/features/crashes/crashes6.asp">22.6%</a> -- 508 points really meant something back then -- that's because the Dow was trading at 2,248 before the crash. It would take at least a 2,519 point decline in the Dow to beat that crash. But 21 years ago, the economy was in nowhere near as bad shape as it is today.</p>
<p>I hope I'm wrong but I would not be shocked if Sovereign and National City were no longer independent banks by the end of the week.</p>
<p><em>Peter Cohan is President of </em><a href="http://petercohan.com/"><strong><em><font color="#0072bc">Peter S. Cohan &amp; Associates</font></em></strong></a><em>. He also </em><a href="http://www3.babson.edu/Academics/Divisions/management/facultyprofile.cfm?pageid=391236"><strong><em><font color="#0072bc">teaches management at Babson College</font></em></strong></a><em> and edits</em> <a href="http://petercohan.blogspot.com/2007/01/cohan-letter-up-15-in-2006.html"><strong><em><font color="#0072bc">The Cohan Letter</font></em></strong></a><em>. He owns Citi shares and has no financial interest in the other securities mentioned.</em></p>
<p> </p><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.bloggingstocks.com/2008/09/29/as-sovereign-and-fifth-third-crumble-will-dow-have-its-worst-tu/">As Sovereign and Fifth Third crumble, will Dow have its worst tumble in history?</a> originally appeared on <a href="http://www.bloggingstocks.com">BloggingStocks</a> on Mon, 29 Sep 2008 15:45:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.bloggingstocks.com/2008/09/29/as-sovereign-and-fifth-third-crumble-will-dow-have-its-worst-tu/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/forward/1327919/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2008/09/29/as-sovereign-and-fifth-third-crumble-will-dow-have-its-worst-tu/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>dow</category><category>national city</category><category>NationalCity</category><category>sovereign bancorp</category><category>SovereignBancorp</category><dc:creator><![CDATA[Peter Cohan]]></dc:creator><pubDate>Mon, 29 Sep 2008 15:45:00 EST</pubDate></item><item><title><![CDATA[Option Update: Wachovia and National City volatility elevated]]></title><link>http://www.bloggingstocks.com/2008/09/29/option-update-wachovia-and-national-city-volatility-elevated/</link><guid isPermaLink="true">http://www.bloggingstocks.com/2008/09/29/option-update-wachovia-and-national-city-volatility-elevated/</guid><comments>http://www.bloggingstocks.com/2008/09/29/option-update-wachovia-and-national-city-volatility-elevated/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.bloggingstocks.com/category/jpm/" rel="tag">JPMorgan Chase (JPM)</a>, <a href="http://www.bloggingstocks.com/category/wb/" rel="tag">Wachovia Corp (WB)</a>, <a href="http://www.bloggingstocks.com/category/wm/" rel="tag">Washington Mutual (WM)</a>, <a href="http://www.bloggingstocks.com/category/options/" rel="tag">Options</a></p><p><strong><a href="http://finance.aol.com/quotes/wachovia-corporation/wb/nys/option-chains"><img align="right" alt="" src="http://www.blogcdn.com/www.bloggingstocks.com/media/2008/09/flywall_final_logo_mini.gif" />Wachovia</a></strong> (NYSE: <a href="http://finance.aol.com/quotes/wachovia-corporation/wb/nys/option-chains">WB</a>) is recently trading at $4.25 in pre-open trading, below its close of $10. WB October 10 straddle was priced at $7.20 on September 26, November 10 is at $8.40 according to Track Data, suggesting larger price movement.</p>
<p><strong><a href="http://finance.aol.com/quotes/national-city-corporation/ncc/nys/option-chains">National City</a></strong> (N&amp;SE: <a href="http://finance.aol.com/quotes/national-city-corporation/ncc/nys/option-chains">NCC</a>) is recently trading at $3.64 in pre-open trading, below its close of $3.71. NCC's share price declined 25% after <a href="http://finance.aol.com/quotes/jpmorgan-and-chase-and-co/jpm/nys/option-chains">JP Morgan</a> (NYSE: <a href="http://finance.aol.com/quotes/jpmorgan-and-chase-and-co/jpm/nys/option-chains">JPM</a>) purchased <a href="http://finance.aol.com/quotes/washington-mutual-incorporated/wm/nys/option-chains">Washington Mutual</a> (NYSE: <a href="http://finance.aol.com/quotes/washington-mutual-incorporated/wm/nys/option-chains">WM</a>) banking assets. BMO Capital says: "NCC is not in the same situation as WM was." NCC October 4 straddle is priced at $2.45; November 4 straddle is priced at $2.75; according to Track Data, suggesting large price fluctuations.</p>
<p><em>Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com</em><br /></p><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.bloggingstocks.com/2008/09/29/option-update-wachovia-and-national-city-volatility-elevated/">Option Update: Wachovia and National City volatility elevated</a> originally appeared on <a href="http://www.bloggingstocks.com">BloggingStocks</a> on Mon, 29 Sep 2008 08:30:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.bloggingstocks.com/2008/09/29/option-update-wachovia-and-national-city-volatility-elevated/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/forward/1327351/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2008/09/29/option-update-wachovia-and-national-city-volatility-elevated/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>inthenews</category><category>jpm</category><category>National City</category><category>NationalCity</category><category>ncc</category><category>option implied volatility</category><category>OptionImpliedVolatility</category><category>wb</category><category>wm</category><dc:creator><![CDATA[Paul Foster]]></dc:creator><pubDate>Mon, 29 Sep 2008 08:30:00 EST</pubDate></item><item><title><![CDATA[Newspaper wrap-up: Some banks consider selling money management units]]></title><link>http://www.bloggingstocks.com/2008/07/23/newspaper-wrap-up-some-banks-consider-selling-money-management/</link><guid isPermaLink="true">http://www.bloggingstocks.com/2008/07/23/newspaper-wrap-up-some-banks-consider-selling-money-management/</guid><comments>http://www.bloggingstocks.com/2008/07/23/newspaper-wrap-up-some-banks-consider-selling-money-management/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.bloggingstocks.com/category/newspapers/" rel="tag">Newspapers</a>, <a href="http://www.bloggingstocks.com/category/magazines/" rel="tag">Magazines</a>, <a href="http://www.bloggingstocks.com/category/fnm/" rel="tag">Federal Natl Mtge (FNM)</a></p><strong><a href="http://www.theflyonthewall.com/splashPage.php?source=AOL"><img vspace="4" hspace="4" border="1" align="right" src="http://www.blogcdn.com/www.bloggingstocks.com/media/2008/07/fly-logo-(aol).gif"  alt="" /></a>MAJOR PAPERS:</strong><br />
<ul>
    <li>The <a href="http://online.wsj.com/article/SB121676894647675303.html?mod=sp_deals"><em>Wall Street Journal's</em></a> "Fund Track" reported that some banks struggling to raise capital may sell their money management units. <a href="http://finance.aol.com/quotes/national-city-corporation/ncc/nys">National City Corporation</a> (NYSE: <a href="http://finance.aol.com/quotes/national-city-corporation/ncc/nys">NCC</a>) is selling its Allegiant Funds, <a href="http://finance.aol.com/quotes/fifth-third-bancorp/fitb/nas">Fifth Third Bancorp</a> (NASDAQ: <a href="http://finance.aol.com/quotes/fifth-third-bancorp/fitb/nas">FITB</a>) is considering selling its Fifth Third Asset Management, and <a href="http://finance.aol.com/quotes/keycorp-new/key/nys">KeyCorp</a> (NYSE: <a href="http://finance.aol.com/quotes/keycorp-new/key/nys">KEY</a>) will possibly sell its Victory Capital Management unit.</li>
    <li>The <a href="http://online.wsj.com/article/SB121677389287975701.html?mod=hps_us_whats_news&amp;apl=y&amp;r=533073"><em>Wall Street Journal</em></a> also reported that Andrew Cuomo, the New York state Attorney General, is preparing to file civil securities-fraud charges against <a href="http://finance.aol.com/quotes/ubs-ag-switzerland/ubs/nys">UBS AG</a> (NYSE: <a href="http://finance.aol.com/quotes/ubs-ag-switzerland/ubs/nys">UBS</a>), possibly as early as this week. Sources said the lawsuit may include allegations of malfeasance by senior UBS executives.</li>
</ul>
<strong>WEB SITES:</strong><br />
<ul>
    <li><a href="http://www.bloomberg.com/apps/news?pid=20601087&amp;sid=a4CcrYaAt_vo&amp;refer=home"><em>Bloomberg</em></a> reported that money manager John Paulson, the owner of Paulson &amp; Co., is launching a hedge fund that will provide capital to financial firms which have been damaged by the housing crisis. Paulson, who wants to open the fund by December, used bets against the U.S. housing market to help him earn $3.7B in 2007.</li>
    <li>After U.S. lawmakers reached a deal on legislation to alleviate the housing recession, the House of Representatives will today vote on a rescue plan for Fannie Mae -- <a href="http://finance.aol.com/quotes/federal-national-mortgage-association/fnm/nys">Federal National Mortgage Association</a> (NYSE: <a href="http://finance.aol.com/quotes/federal-national-mortgage-association/fnm/nys">FNM</a>) -- and Freddie Mac -- <a href="http://finance.aol.com/quotes/federal-home-loan-mortgage-corporation/fre/nys">Federal Home Loan Mortgage Corporation</a> (NYSE: <a href="http://finance.aol.com/quotes/federal-home-loan-mortgage-corporation/fre/nys">FRE</a>). Representative Barney Frank said that the package, which increases the likelihood Treasury Secretary Henry Paulson will get the authority to inject capital into the two, is "fully acceptable," <a href="http://www.bloomberg.com/apps/news?pid=newsarchive&amp;sid=aCy_Dl.5rdv0"><em>Bloomberg </em></a>reported.</li>
    <li>Oil trading losses forced SemGroup LP, which used to be America's 12th largest private company, to declare bankruptcy yesterday. <a href="http://www.reuters.com/article/ousiv/idUSN2227689520080723"><em>Reuters</em></a> noted that SemGroup LP's parent company is <a href="http://finance.aol.com/quotes/semgroup-energy-partners-l-p-common-units-representing-limited-partner-interests/sglp/nas">SemGroup Energy Partners LP</a> (NASDAQ: <a href="http://finance.aol.com/quotes/semgroup-energy-partners-l-p-common-units-representing-limited-partner-interests/sglp/nas">SGLP</a>).</li>
</ul><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.bloggingstocks.com/2008/07/23/newspaper-wrap-up-some-banks-consider-selling-money-management/">Newspaper wrap-up: Some banks consider selling money management units</a> originally appeared on <a href="http://www.bloggingstocks.com">BloggingStocks</a> on Wed, 23 Jul 2008 08:50:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.bloggingstocks.com/2008/07/23/newspaper-wrap-up-some-banks-consider-selling-money-management/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/forward/1264591/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2008/07/23/newspaper-wrap-up-some-banks-consider-selling-money-management/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>Andrew Cuomo</category><category>AndrewCuomo</category><category>Attorney General</category><category>AttorneyGeneral</category><category>Barney Frank</category><category>BarneyFrank</category><category>Fannie Mae</category><category>FannieMae</category><category>Fifth Third</category><category>Fifth Third Bancorp</category><category>FifthThird</category><category>FifthThirdBancorp</category><category>FITB</category><category>FNM</category><category>FRE</category><category>Freddie Mac</category><category>FreddieMac</category><category>Henry Paulson</category><category>HenryPaulson</category><category>John Paulson</category><category>JohnPaulson</category><category>KEY</category><category>KeyCorp</category><category>money management</category><category>MoneyManagement</category><category>National city</category><category>NationalCity</category><category>NCC</category><category>Paulson Co</category><category>PaulsonCo</category><category>securities fraud</category><category>SecuritiesFraud</category><category>SemGroup</category><category>SGLP</category><category>UBS</category><category>UBS AG</category><category>UbsAg</category><dc:creator><![CDATA[Laurie Pasternack]]></dc:creator><pubDate>Wed, 23 Jul 2008 08:50:00 EST</pubDate></item><item><title><![CDATA[Cramer on BloggingStocks: JP Morgan made a huge mistake ]]></title><link>http://www.bloggingstocks.com/2008/06/20/cramer-on-bloggingstocks-jp-morgan-made-a-huge-mistake/</link><guid isPermaLink="true">http://www.bloggingstocks.com/2008/06/20/cramer-on-bloggingstocks-jp-morgan-made-a-huge-mistake/</guid><comments>http://www.bloggingstocks.com/2008/06/20/cramer-on-bloggingstocks-jp-morgan-made-a-huge-mistake/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.bloggingstocks.com/category/industry/" rel="tag">Industry</a>, <a href="http://www.bloggingstocks.com/category/marketmatters/" rel="tag">Market Matters</a>, <a href="http://www.bloggingstocks.com/category/jpm/" rel="tag">JPMorgan Chase (JPM)</a>, <a href="http://www.bloggingstocks.com/category/bac/" rel="tag">Bank of America (BAC)</a>, <a href="http://www.bloggingstocks.com/category/mer/" rel="tag">Merrill Lynch (MER)</a>, <a href="http://www.bloggingstocks.com/category/cfc/" rel="tag">Countrywide Financial (CFC)</a>, <a href="http://www.bloggingstocks.com/category/gs/" rel="tag">Goldman Sachs Group (GS)</a>, <a href="http://www.bloggingstocks.com/category/wb/" rel="tag">Wachovia Corp (WB)</a>, <a href="http://www.bloggingstocks.com/category/wm/" rel="tag">Washington Mutual (WM)</a>, <a href="http://www.bloggingstocks.com/category/leh/" rel="tag">Lehman Br Holdings (LEH)</a>, <a href="http://www.bloggingstocks.com/category/stocks-to-sell/" rel="tag">Stocks to Sell</a>, <a href="http://www.bloggingstocks.com/category/jim-cramer/" rel="tag">Cramer on BloggingStocks</a></p><img vspace="4" hspace="4" align="right" alt="" src="http://www.blogcdn.com/www.bloggingstocks.com/media/2007/09/james_cramer_original-%28wince%29.jpg" /><span style="font-style: italic;">TheStreet.com's Jim Cramer says the acquired Bear Stearns portfolio is worth even less than he thought.</span>  <br /><br />   How bad was that Bear Stearns portfolio? I am beginning to believe that <a href="http://finance.aol.com/quotes/jp-morgan-chase-and-co/jpm/nys">JPMorgan</a>'s (NYSE: <a href="http://finance.aol.com/quotes/jp-morgan-chase-and-co/jpm/nys">JPM</a>) (<a target="blank" href="http://find.thestreet.com/cgi-bin/texis/cramertake_free?site=tsc&amp;puc=aoljjc&amp;tkr=JPM">Cramer's Take</a>) buy of Bear is looking like a big mistake. It can only be justified by what might have been an even bigger problem for JPM -- the collapse of the trades that Bear made, which were being processed by JPM's clearing. <br /><br />  We are now beginning to get a real sense of the worthlessness of the mortgage portfolios. Not that we got any help from the SEC, which has taken a "we don't care what's in the mortgages as long as you tell us you have mortgages" attitude. That's been worthless for investors, and maybe even for JPMorgan.  <br /><br />  The losses now exceed $400 billion, according to my modeling (if you simply assumed that 50% of the exotic mortgages that were issued from 2005 to 2007 eventually went into default). That's amazing, but it looks like I dramatically underestimated the losses. UNDERESTIMATED!  <br /><br />  The most egregious issuers of these exotic mortgages were Bear, <a href="http://finance.aol.com/quotes/merrill-lynch-and-co-inc/mer/nys">Merrill Lynch</a> (NYSE: <a href="http://finance.aol.com/quotes/merrill-lynch-and-co-inc/mer/nys">MER</a>) (<a target="blank" href="http://find.thestreet.com/cgi-bin/texis/cramertake_free?site=tsc&amp;puc=aoljjc&amp;tkr=MER">Cramer's Take</a>) and <a href="http://finance.aol.com/quotes/lehman-brothers-holdings-inc/leh/nys">Lehman Brothers</a> (NYSE: <a href="http://finance.aol.com/quotes/lehman-brothers-holdings-inc/leh/nys">LEH</a>) (<a target="blank" href="http://find.thestreet.com/cgi-bin/texis/cramertake_free?site=tsc&amp;puc=aoljjc&amp;tkr=LEH">Cramer's Take</a>). I believe that JPM has taken in a huge number of uninsurable, non-hedgeable mortgage instruments that are a pure write-off. And that means they are probably underwater on everything they took in. <p><a href="http://www.bloggingstocks.com/2008/06/20/cramer-on-bloggingstocks-jp-morgan-made-a-huge-mistake/" rel="bookmark">Continue reading <em>Cramer on BloggingStocks: JP Morgan made a huge mistake </em></a></p><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.bloggingstocks.com/2008/06/20/cramer-on-bloggingstocks-jp-morgan-made-a-huge-mistake/">Cramer on BloggingStocks: JP Morgan made a huge mistake </a> originally appeared on <a href="http://www.bloggingstocks.com">BloggingStocks</a> on Fri, 20 Jun 2008 08:57:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.bloggingstocks.com/2008/06/20/cramer-on-bloggingstocks-jp-morgan-made-a-huge-mistake/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/forward/1231550/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2008/06/20/cramer-on-bloggingstocks-jp-morgan-made-a-huge-mistake/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>bac</category><category>bank of america</category><category>BankOfAmerica</category><category>banks</category><category>cfc</category><category>countrywide</category><category>featured</category><category>finanacials</category><category>goldman sachs</category><category>GoldmanSachs</category><category>gs</category><category>jim cramer</category><category>JimCramer</category><category>jpm</category><category>jpmorgan chase</category><category>JpmorganChase</category><category>leh</category><category>lehman brothers</category><category>LehmanBrothers</category><category>mer</category><category>merrill lynch</category><category>MerrillLynch</category><category>national city</category><category>NationalCity</category><category>ncc</category><category>wachovia</category><category>washington mutual</category><category>WashingtonMutual</category><category>wb</category><category>wm</category><dc:creator><![CDATA[Jim Cramer]]></dc:creator><pubDate>Fri, 20 Jun 2008 08:57:00 EST</pubDate></item><item><title><![CDATA[Earnings highlights: Toll Bros., National Semiconductor, Dr Pepper, Guess and others]]></title><link>http://www.bloggingstocks.com/2008/06/08/earnings-highlights-toll-bros-national-semiconductor-dr-pepp/</link><guid isPermaLink="true">http://www.bloggingstocks.com/2008/06/08/earnings-highlights-toll-bros-national-semiconductor-dr-pepp/</guid><comments>http://www.bloggingstocks.com/2008/06/08/earnings-highlights-toll-bros-national-semiconductor-dr-pepp/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.bloggingstocks.com/category/earnings-reports/" rel="tag">Earnings Reports</a>, <a href="http://www.bloggingstocks.com/category/wb/" rel="tag">Wachovia Corp (WB)</a>, <a href="http://www.bloggingstocks.com/category/nue/" rel="tag">Nucor Corp (NUE)</a>, <a href="http://www.bloggingstocks.com/category/tol/" rel="tag">Toll Brothers (TOL)</a>, <a href="http://www.bloggingstocks.com/category/sfd/" rel="tag">Smithfield Foods (SFD)</a>, <a href="http://www.bloggingstocks.com/category/wfc/" rel="tag">Wells Fargo (WFC)</a></p><p>Here are some highlights from this past week's <a href="http://www.bloggingstocks.com/category/earnings-reports/" target="_blank">earnings coverage</a> from BloggingStocks: </p>
<ul>
    <li><a href="http://finance.aol.com/quotes/big-lots-inc/big/nys" target="_blank"><strong>Big Lots Inc.</strong></a> (NYSE: <a href="http://finance.aol.com/quotes/big-lots-inc/big/nys" target="_blank">BIG</a>) <a href="http://www.bloggingstocks.com/2008/06/05/big-lots-big-shares-define-bullish-flag-pattern/" target="_blank">beat Q1 expectations</a> and offered Q2 and full-year earnings guidance. </li>
    <li><a href="http://finance.aol.com/quotes/brown-forman-corp-cl-b/bf.b/nys" target="_blank"><strong>Brown-Forman Corp.</strong></a> (NYSE: <a href="http://finance.aol.com/quotes/brown-forman-corp-cl-b/bf.b/nys" target="_blank">BF.B</a>) <a href="http://www.bloggingstocks.com/2008/06/06/national-semiconductor-and-brown-forman-beat-q4-expectations/" target="_blank">beat Q4 estimates</a> on demand for Jack Daniels and Finlandia vodka. </li>
    <li><a href="http://finance.aol.com/quotes/collective-brands-inc/pss/nys" target="_blank"><strong>Collective Brands Inc.</strong></a> (NYSE: <a href="http://finance.aol.com/quotes/collective-brands-inc/pss/nys" target="_blank">PSS</a>) reported <a href="http://www.bloggingstocks.com/2008/06/04/collective-brands-walks-all-over-expectations-but-im-ignoring/" target="_blank">strong Q1 results</a> despite a litigation charge. </li>
    <li><a href="http://finance.aol.com/quotes/del-monte-foods-co-united-states/dlm/nys" target="_blank"><strong>Del Monte Foods Co.</strong></a> (NYSE: <a href="http://finance.aol.com/quotes/del-monte-foods-co-united-states/dlm/nys" target="_blank">DLM</a>) <a href="http://www.bloggingstocks.com/2008/06/05/dr-pepper-del-monte-and-smithfield-miss-earnings-estimates/" target="_blank">Q4 earnings surged</a> 37% but fell short of analysts' estimates. </li>
    <li><a href="http://finance.aol.com/quotes/dollar-tree-inc/dltr/nas" target="_blank"><strong>Dollar Tree Inc.</strong></a> (NASDAQ: <a href="http://finance.aol.com/quotes/dollar-tree-inc/dltr/nas" target="_blank">DLTR</a>) beat <a href="http://www.bloggingstocks.com/2008/06/02/dollar-tree-stores-dltr-shares-cycle-in-bullish-flag-patter/" target="_blank">Q1 earnings expectations</a> and offered Q2 and full-year guidance. </li>
    <li><a href="http://finance.aol.com/quotes/dr-pepper-snapple-group-inc/dps/nys" target="_blank"><strong>Dr Pepper Snapple Group Inc.</strong></a> (NYSE: <a href="http://finance.aol.com/quotes/dr-pepper-snapple-group-inc/dps/nys" target="_blank">DPS</a>) <a href="http://www.bloggingstocks.com/2008/06/05/dr-pepper-del-monte-and-smithfield-miss-earnings-estimates/" target="_blank">Q1 earnings surged</a> 38% but fell short of expectations. </li>
    <li><a href="http://finance.aol.com/quotes/guess-inc-united-states/ges/nys" target="_blank"><strong>Guess Inc.</strong></a> (NYSE: <a href="http://finance.aol.com/quotes/guess-inc-united-states/ges/nys" target="_blank">GES</a>) reported <a href="http://www.bloggingstocks.com/2008/06/04/bob-evans-guess-report-larger-than-expected-profit-growth/" target="_blank">strong Q1 results</a> on strength in Europe and Asia. </li>
    <li><a href="http://finance.aol.com/quotes/national-semiconductor-corporation/nsm/nys" target="_blank"><strong>National Semiconductor Corp.</strong></a> (NASDAQ: <a href="http://finance.aol.com/quotes/national-semiconductor-corporation/nsm/nys" target="_blank">NSM</a>) posted <a href="http://www.bloggingstocks.com/2008/06/06/national-semiconductor-and-brown-forman-beat-q4-expectations/" target="_blank">better-than-expected</a> Q4 results. </li>
    <li><a href="http://finance.aol.com/quotes/nucor-corporation/nue/nys" target="_blank"><strong>Nucor Corp.</strong></a> (NYSE: <a href="http://finance.aol.com/quotes/nucor-corporation/nue/nys" target="_blank">NUE</a>) <a href="http://www.bloggingstocks.com/2008/06/05/us-steel-x-boosted-by-updated-nucor-outlook/" target="_blank">raised its earnings outlook</a> for the coming Q2 report, sending shares higher. </li>
    <li><a href="http://finance.aol.com/quotes/seachange-international-inc/seac/nas" target="_blank"><strong>SeaChange International Inc.</strong></a> (NASDAQ: <a href="http://finance.aol.com/quotes/seachange-international-inc/seac/nas" target="_blank">SEAC</a>) reported <a href="http://www.bloggingstocks.com/2008/06/04/seachange-international-seac-price-defines-bullish-pennant/" target="_blank">better-than-expected Q1</a> results. </li>
    <li><a href="http://finance.aol.com/quotes/smithfield-foods-inc/sfd/nys" target="_blank"><strong>Smithfield Foods Corp.</strong></a> (NYSE: <a href="http://finance.aol.com/quotes/smithfield-foods-inc/sfd/nys" target="_blank">SFD</a>) <a href="http://www.bloggingstocks.com/2008/06/05/dr-pepper-del-monte-and-smithfield-miss-earnings-estimates/" target="_blank">Q1 profits fell 94%</a> on rising grain costs and falling hog prices. </li>
    <li><a href="http://finance.aol.com/quotes/toll-brothers-inc-united-states/tol/nys" target="_blank"><strong>Toll Brothers Inc.</strong></a> (NYSE: <a href="http://finance.aol.com/quotes/toll-brothers-inc-united-states/tol/nys" target="_blank">TOL</a>) reported a <a href="http://www.bloggingstocks.com/2008/06/03/toll-brothers-tol-lifted-by-smaller-than-expected-loss/" target="_blank">smaller-than-expected</a> Q2 loss, lifting shares. </li>
    <li><a href="http://finance.aol.com/quotes/wimm-bill-dann-foods-ojsc/wbd/nys" target="_blank"><strong>Wimm-Bill-Dann Foods</strong></a> (NYSE: <a href="http://finance.aol.com/quotes/wimm-bill-dann-foods-ojsc/wbd/nys" target="_blank">WBD</a>) reported <a href="http://www.bloggingstocks.com/2008/06/07/wimm-bill-dann-has-an-incredible-quarter-of-growth-should-you/" target="_blank">strong Q1 results</a> that beat Wall Street expectations. </li>
</ul>
<p>See also: <a href="http://www.bloggingstocks.com/2008/06/07/earnings-highlights-wal-mart-lehman-bros-take-two-ciena-tr/" target="_blank">Earnings highlights: Wal-Mart, Lehman Bros., Take-Two, Ciena, Trina Solar and others</a></p>
<p>Also, continued real estate losses are expected to <a href="http://www.bloggingstocks.com/2008/06/06/as-banks-get-to-eat-more-real-estate-losses-shareholders-about/" target="_blank">hurt the quarterly reports of banks</a> such as like <a href="http://finance.aol.com/quotes/wachovia-corporation/wb/nys" target="_blank">Wachovia</a> (NYSE: <a href="http://finance.aol.com/quotes/wachovia-corporation/wb/nys" target="_blank">WB</a>), <a href="http://finance.aol.com/quotes/wells-fargo-and-company/wfc/nys" target="_blank">Wells Fargo</a> (NYSE: <a href="http://finance.aol.com/quotes/wells-fargo-and-company/wfc/nys" target="_blank">WFC</a>), and <a href="http://finance.aol.com/quotes/national-city-corporation/ncc/nys" target="_blank">National City</a> (NYSE: <a href="http://finance.aol.com/quotes/national-city-corporation/ncc/nys" target="_blank">NCC</a>). And Steven Mallas wonders why <a href="http://finance.aol.com/quotes/playboy-enterprises-inc/pla/nys" target="_blank">Playboy</a> (NYSE: <a href="http://finance.aol.com/quotes/playboy-enterprises-inc/pla/nys" target="_blank">PLA</a>) shares <a href="http://www.bloggingstocks.com/2008/06/06/what-the-heck-happened-to-playboy-pla-s-stock/" target="_blank">have tanked since its last earnings report</a>.</p>
<p>Upcoming results to watch for include <a href="http://finance.aol.com/quotes/krispy-kreme-doughnuts-inc/kkd/nys" target="_blank">Krispy Kreme</a> (NYSE: <a href="http://finance.aol.com/quotes/krispy-kreme-doughnuts-inc/kkd/nys" target="_blank">KKD</a>), <a href="http://finance.aol.com/quotes/pall-corporation/pll/nys" target="_blank">Pall Corp.</a> (NYSE: <a href="http://finance.aol.com/quotes/pall-corporation/pll/nys" target="_blank">PLL</a>), <a href="http://finance.aol.com/quotes/pep-boys-manny-moe-and-jack-united-states/pby/nys" target="_blank">Pep Boys</a> (NYSE: <a href="http://finance.aol.com/quotes/pep-boys-manny-moe-and-jack-united-states/pby/nys" target="_blank">PBY</a>), <a href="http://finance.aol.com/quotes/korn-ferry-international-de/kfy/nys" target="_blank">Korn Ferry</a> (NYSE: <a href="http://finance.aol.com/quotes/korn-ferry-international-de/kfy/nys" target="_blank">KFY</a>), and <a href="http://finance.aol.com/quotes/casey-s-general-stores-inc/casy/nas" target="_blank">Casey's General Stores</a> (NASDAQ: <a href="http://finance.aol.com/quotes/casey-s-general-stores-inc/casy/nas" target="_blank">CASY</a>).</p>
<p><a href="http://money.aol.com/news/earnings" target="_blank">Visit <strong>AOL Money &amp; Finance</strong> for more earnings coverage</a>.</p><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.bloggingstocks.com/2008/06/08/earnings-highlights-toll-bros-national-semiconductor-dr-pepp/">Earnings highlights: Toll Bros., National Semiconductor, Dr Pepper, Guess and others</a> originally appeared on <a href="http://www.bloggingstocks.com">BloggingStocks</a> on Sun, 08 Jun 2008 09:10:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.bloggingstocks.com/2008/06/08/earnings-highlights-toll-bros-national-semiconductor-dr-pepp/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/forward/1213064/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2008/06/08/earnings-highlights-toll-bros-national-semiconductor-dr-pepp/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>BIG</category><category>Big Lots</category><category>Brown-Forman</category><category>Caseys</category><category>CASY</category><category>Collective Brands</category><category>Del Monte</category><category>DLM</category><category>DLRT</category><category>Dollar Tree</category><category>DPS</category><category>Dr Pepper</category><category>earnings</category><category>earnings reports</category><category>Finlandia</category><category>GES</category><category>Guess</category><category>Jack Daniels</category><category>KFY</category><category>KKD</category><category>Korn Ferry</category><category>Krispy Kreme</category><category>National City</category><category>National Semiconductor</category><category>NCC</category><category>NSM</category><category>Nucor</category><category>NUE</category><category>Pall</category><category>PBY</category><category>Pep Boys</category><category>PLA</category><category>Playboy</category><category>PLL</category><category>PSS</category><category>SEAC</category><category>SeaChange</category><category>SFD</category><category>Smithfield</category><category>Snapple</category><category>Steven Mallas</category><category>TOL</category><category>Toll Bros.</category><category>Wachovia</category><category>WB</category><category>WBD</category><category>Wells Fargo</category><category>WFC</category><category>Wimm-Bill-Dann</category><dc:creator><![CDATA[Trey Thoelcke]]></dc:creator><pubDate>Sun, 08 Jun 2008 09:10:00 EST</pubDate></item><item><title><![CDATA[Earnings highlights: Wal-Mart, Lehman Bros., Take-Two, Ciena, Trina Solar and others]]></title><link>http://www.bloggingstocks.com/2008/06/07/earnings-highlights-wal-mart-lehman-bros-take-two-ciena-tr/</link><guid isPermaLink="true">http://www.bloggingstocks.com/2008/06/07/earnings-highlights-wal-mart-lehman-bros-take-two-ciena-tr/</guid><comments>http://www.bloggingstocks.com/2008/06/07/earnings-highlights-wal-mart-lehman-bros-take-two-ciena-tr/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.bloggingstocks.com/category/earnings-reports/" rel="tag">Earnings Reports</a>, <a href="http://www.bloggingstocks.com/category/wmt/" rel="tag">Wal-Mart (WMT)</a>, <a href="http://www.bloggingstocks.com/category/deo/" rel="tag">Diageo plc (DEO)</a>, <a href="http://www.bloggingstocks.com/category/cien/" rel="tag">Ciena Corp (CIEN)</a>, <a href="http://www.bloggingstocks.com/category/wb/" rel="tag">Wachovia Corp (WB)</a>, <a href="http://www.bloggingstocks.com/category/wfc/" rel="tag">Wells Fargo (WFC)</a>, <a href="http://www.bloggingstocks.com/category/tsl/" rel="tag">Trina Solar ADS (TSL)</a>, <a href="http://www.bloggingstocks.com/category/leh/" rel="tag">Lehman Br Holdings (LEH)</a>, <a href="http://www.bloggingstocks.com/category/pot/" rel="tag">Potash Corp. of Saskatchewan (POT)</a></p><p>Here are some highlights from this past week's <a href="http://www.bloggingstocks.com/category/earnings-reports/" target="_blank">earnings coverage</a> from BloggingStocks: </p>
<ul>
    <li><a href="http://finance.aol.com/quotes/bob-evans-farms-inc/bobe/nas" target="_blank"><strong>Bob Evans Farms Inc.</strong></a> (NASDAQ: <a href="http://finance.aol.com/quotes/bob-evans-farms-inc/bobe/nas" target="_blank">BOBE</a>) posted <a href="http://www.bloggingstocks.com/2008/06/04/bob-evans-guess-report-larger-than-expected-profit-growth/" target="_blank">stronger-than-expected Q4</a> earnings. </li>
    <li><a href="http://finance.aol.com/quotes/ciena-corporation/cien/nas" target="_blank"><strong>Ciena Corp.</strong></a> (NASDAQ: <a href="http://finance.aol.com/quotes/ciena-corporation/cien/nas" target="_blank">CIEN</a>) <a href="http://www.bloggingstocks.com/2008/06/05/closing-bell-retail-and-tech-ignore-woes-and-oil-gains/" target="_blank">beat earnings expectations</a>, but share prices slipped anyway. </li>
    <li><a href="http://finance.aol.com/quotes/daktronics-inc/dakt/nas" target="_blank"><strong>Daktronics Inc.</strong></a> (NASDAQ: <a href="http://finance.aol.com/quotes/daktronics-inc/dakt/nas" target="_blank">DAKT</a>) <a href="http://www.bloggingstocks.com/2008/06/02/daktronics-dakt-shares-defining-bullish-flag-pattern/" target="_blank">Q4 results beat expectations</a> and it raised its revenue outlook. </li>
    <li><a href="http://finance.aol.com/quotes/diageo-p-l-c/deo/nys" target="_blank"><strong>Diageo</strong></a> (NYSE: <a href="http://finance.aol.com/quotes/diageo-p-l-c/deo/nys" target="_blank">DEO</a>) is recession-proof and should <a href="http://www.bloggingstocks.com/2008/06/05/diageo-deo-toast-to-spirits/" target="_blank">deliver solid results</a>, predicts one adviser. </li>
    <li><a href="http://finance.aol.com/quotes/donaldson-company-inc/dci/nys" target="_blank"><strong>Donaldson Company Inc.</strong></a> (NYSE: <a href="http://finance.aol.com/quotes/donaldson-company-inc/dci/nys" target="_blank">DCI</a>) <a href="http://www.bloggingstocks.com/2008/06/06/donaldson-company-dci-shares-cycle-in-bullish-flag-pattern/" target="_blank">beat Q3 expectations</a> and raised its full-year guidance. </li>
    <li><a href="http://finance.aol.com/quotes/ensco-international-incorporated/esv/nys" target="_blank"><strong>Ensco International Inc.</strong></a> (NYSE: <a href="http://finance.aol.com/quotes/ensco-international-incorporated/esv/nys" target="_blank">ESV</a>) was upgraded because of its <a href="http://www.bloggingstocks.com/2008/06/02/analyst-upgrades-tso-hk-yge-esv-sov-tsco/" target="_blank">earnings growth potential</a>. </li>
    <li><a href="http://finance.aol.com/quotes/lehman-brothers-holdings-inc/leh/nys" target="_blank"><strong>Lehman Brothers Holdings Inc.</strong></a> (NYSE: <a href="http://finance.aol.com/quotes/lehman-brothers-holdings-inc/leh/nys" target="_blank">LEH</a>) earnings prospects <a href="http://www.bloggingstocks.com/2008/06/05/cramer-on-bloggingstocks-why-own-lehman/" target="_blank">don't impress Jim Cramer</a>. </li>
    <li><a href="http://finance.aol.com/quotes/netezza-corporation/nz/nys" target="_blank"><strong>Netezza Corp.</strong></a> (NYSE: <a href="http://finance.aol.com/quotes/netezza-corporation/nz/nys" target="_blank">NZ</a>) <a href="http://www.bloggingstocks.com/2008/06/03/netezza-corporation-nz-shares-cycle-in-bullish-flag/" target="_blank">beat Q1 expectations</a> and offered full-year revenue guidance. </li>
    <li><a href="http://finance.aol.com/quotes/potash-corporation-of-saskatchewan-inc/pot/nys" target="_blank"><strong>Potash Corp.</strong></a> (NYSE: <a href="http://finance.aol.com/quotes/potash-corporation-of-saskatchewan-inc/pot/nys" target="_blank">POT</a>) <a href="http://www.bloggingstocks.com/2008/06/06/potash-pot-fertilzer-breakout/" target="_blank">earnings are "set to soar"</a> says one analyst, due to rising demand and prices. </li>
    <li><a href="http://finance.aol.com/quotes/the-sherwin-williams-company/shw/nys" target="_blank"><strong>Sherwin-Williams Co.</strong></a> (NYSE: <a href="http://finance.aol.com/quotes/the-sherwin-williams-company/shw/nys" target="_blank">SHW</a>) lowered its <a href="http://www.bloggingstocks.com/2008/06/03/sherwin-williams-shw-lowers-forecasts/" target="_blank">Q2 and full-year forecasts</a>, sending shares down. </li>
    <li><a href="http://finance.aol.com/quotes/take-two-interactive-software-inc/ttwo/nas" target="_blank"><strong>Take-Two Interactive Software Inc.</strong></a> (NASDAQ: <a href="http://finance.aol.com/quotes/take-two-interactive-software-inc/ttwo/nas" target="_blank">TTWO</a>) <a href="http://www.bloggingstocks.com/2008/06/05/take-two-demolishes-expectations-in-q2-im-still-not-a-buyer/" target="_blank">beat Q2 estimates</a> on Grand Theft Auto IV demand. </li>
    <li><a href="http://finance.aol.com/quotes/trina-solar-limited/tsl/nys" target="_blank"><strong>Trina Solar Ltd.</strong></a> (NYSE: <a href="http://finance.aol.com/quotes/trina-solar-limited/tsl/nys" target="_blank">TSL</a>) <a href="http://www.bloggingstocks.com/2008/06/06/trina-solar-tsl-falls-on-rising-margins/" target="_blank">beat Q1 estimates</a> but shares fell on the disappointing Q2 outlook. </li>
    <li><a href="http://finance.aol.com/quotes/wal-mart-stores-inc/wmt/nys" target="_blank"><strong>Wal-Mart Stores Inc.</strong></a> (NYSE: <a href="http://finance.aol.com/quotes/wal-mart-stores-inc/wmt/nys" target="_blank">WMT</a>) was upgraded due to <a href="http://www.bloggingstocks.com/2008/06/03/analyst-upgrades-abx-bns-wmt-gold-ix-lqdt/" target="_blank">its earnings outlook</a> and increased productivity. </li>
</ul>
<p>See also: <a href="http://www.bloggingstocks.com/2008/06/08/earnings-highlights-toll-bros-national-semiconductor-dr-pepp/" target="_blank">Earnings highlights: Toll Bros., National Semiconductor, Dr Pepper, Guess and others</a></p>
<p>Also, continued real estate losses are expected to <a href="http://www.bloggingstocks.com/2008/06/06/as-banks-get-to-eat-more-real-estate-losses-shareholders-about/" target="_blank">hurt the quarterly reports of banks</a> such as like <a href="http://finance.aol.com/quotes/wachovia-corporation/wb/nys" target="_blank">Wachovia</a> (NYSE: <a href="http://finance.aol.com/quotes/wachovia-corporation/wb/nys" target="_blank">WB</a>), <a href="http://finance.aol.com/quotes/wells-fargo-and-company/wfc/nys" target="_blank">Wells Fargo</a> (NYSE: <a href="http://finance.aol.com/quotes/wells-fargo-and-company/wfc/nys" target="_blank">WFC</a>), and <a href="http://finance.aol.com/quotes/national-city-corporation/ncc/nys" target="_blank">National City</a> (NYSE: <a href="http://finance.aol.com/quotes/national-city-corporation/ncc/nys" target="_blank">NCC</a>). And Steven Mallas wonders why <a href="http://finance.aol.com/quotes/playboy-enterprises-inc/pla/nys" target="_blank">Playboy</a> (NYSE: <a href="http://finance.aol.com/quotes/playboy-enterprises-inc/pla/nys" target="_blank">PLA</a>) shares <a href="http://www.bloggingstocks.com/2008/06/06/what-the-heck-happened-to-playboy-pla-s-stock/" target="_blank">have tanked since its last earnings report</a>.</p>
<p>Upcoming results to watch for include <a href="http://finance.aol.com/quotes/krispy-kreme-doughnuts-inc/kkd/nys" target="_blank">Krispy Kreme</a> (NYSE: <a href="http://finance.aol.com/quotes/krispy-kreme-doughnuts-inc/kkd/nys" target="_blank">KKD</a>), <a href="http://finance.aol.com/quotes/pall-corporation/pll/nys" target="_blank">Pall Corp.</a> (NYSE: <a href="http://finance.aol.com/quotes/pall-corporation/pll/nys" target="_blank">PLL</a>), <a href="http://finance.aol.com/quotes/pep-boys-manny-moe-and-jack-united-states/pby/nys" target="_blank">Pep Boys</a> (NYSE: <a href="http://finance.aol.com/quotes/pep-boys-manny-moe-and-jack-united-states/pby/nys" target="_blank">PBY</a>), <a href="http://finance.aol.com/quotes/korn-ferry-international-de/kfy/nys" target="_blank">Korn Ferry</a> (NYSE: <a href="http://finance.aol.com/quotes/korn-ferry-international-de/kfy/nys" target="_blank">KFY</a>), and <a href="http://finance.aol.com/quotes/casey-s-general-stores-inc/casy/nas" target="_blank">Casey's General Stores</a> (NASDAQ: <a href="http://finance.aol.com/quotes/casey-s-general-stores-inc/casy/nas" target="_blank">CASY</a>).</p>
<p><a href="http://money.aol.com/news/earnings" target="_blank">Visit <strong>AOL Money &amp; Finance</strong> for more earnings coverage</a>.</p><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.bloggingstocks.com/2008/06/07/earnings-highlights-wal-mart-lehman-bros-take-two-ciena-tr/">Earnings highlights: Wal-Mart, Lehman Bros., Take-Two, Ciena, Trina Solar and others</a> originally appeared on <a href="http://www.bloggingstocks.com">BloggingStocks</a> on Sat, 07 Jun 2008 09:10:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.bloggingstocks.com/2008/06/07/earnings-highlights-wal-mart-lehman-bros-take-two-ciena-tr/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/forward/1218345/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2008/06/07/earnings-highlights-wal-mart-lehman-bros-take-two-ciena-tr/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>Bob Evans</category><category>BOBE</category><category>Caseys</category><category>CASY</category><category>CIEN</category><category>Ciena</category><category>DAKT</category><category>Daktronics</category><category>DCI</category><category>DEO</category><category>Diageo</category><category>Donaldson</category><category>earnings</category><category>earnings reports</category><category>Enesco</category><category>ESV</category><category>Grand Theft Auto IV</category><category>Jim Cramer</category><category>KFY</category><category>KKD</category><category>Korn Ferry</category><category>Krispy Kreme</category><category>LEH</category><category>Lehman Bros.</category><category>National City</category><category>NCC</category><category>Netezza</category><category>NZ</category><category>Pall</category><category>PBY</category><category>Pep Boys</category><category>PLA</category><category>Playboy</category><category>PLL</category><category>POT</category><category>Potash</category><category>Sherwin-Williams</category><category>SHW</category><category>Steven Mallas</category><category>Take-Two</category><category>Trina Solar</category><category>TSL</category><category>TTWO</category><category>Wachovia</category><category>Wal-Mart</category><category>WB</category><category>Wells Fargo</category><category>WFC</category><category>WMT</category><dc:creator><![CDATA[Trey Thoelcke]]></dc:creator><pubDate>Sat, 07 Jun 2008 09:10:00 EST</pubDate></item><item><title><![CDATA[As banks get to eat more real-estate losses, shareholders about to get killed]]></title><link>http://www.bloggingstocks.com/2008/06/06/as-banks-get-to-eat-more-real-estate-losses-shareholders-about/</link><guid isPermaLink="true">http://www.bloggingstocks.com/2008/06/06/as-banks-get-to-eat-more-real-estate-losses-shareholders-about/</guid><comments>http://www.bloggingstocks.com/2008/06/06/as-banks-get-to-eat-more-real-estate-losses-shareholders-about/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.bloggingstocks.com/category/earnings-reports/" rel="tag">Earnings Reports</a>, <a href="http://www.bloggingstocks.com/category/bad-news/" rel="tag">Bad News</a>, <a href="http://www.bloggingstocks.com/category/wb/" rel="tag">Wachovia Corp (WB)</a>, <a href="http://www.bloggingstocks.com/category/wfc/" rel="tag">Wells Fargo (WFC)</a>, <a href="http://www.bloggingstocks.com/category/housing/" rel="tag">Housing</a></p><p>Some analysts thought that once banks moved though their bad bet on subprime paper, they might start to see improvements in their earnings. Not so fast. Plain old loans for houses and condos are going bad so fast that lenders are about to get hit again on the bottom line.</p>
<p><em>The Wall Street Journal</em> <a href="http://online.wsj.com/article/SB121270897437850363.html?mod=hps_us_whats_news">points out </a>in one of it top stories that "Federal regulators warned Thursday that banking-industry turmoil would continue as financial institutions come to terms with piles of bad loans they made to finance the construction of homes and condominiums."</p>
<p>Many investors may say that the information is obvious, and that it was expected that falling real-estate prices would hurt banks. But the real victims may be bank shareholders. As large lenders take more losses on their portfolios, they will have to raise more capital and further dilute shareholders. Banking stocks which are down two-thirds from their highs could drop even further.</p>
<p>Now that banks are selling off these large loans, the quarterly reports for companies like <a href="http://finance.aol.com/quotes/wachovia-corporation/wb/nys">Wachovia</a> (NYSE:<a href="http://finance.aol.com/quotes/wachovia-corporation/wb/nys">WB</a>) and <a href="http://finance.aol.com/quotes/wells-fargo-and-company/wfc/nys">Wells Fargo</a> (NYSE:<a href="http://finance.aol.com/quotes/wells-fargo-and-company/wfc/nys">WFC</a>) are about to get hammered again. Wachovia trades at below $22, down from a 52-week high of more than $54. Wells Fargo has fallen from a 52-week high of almost $38 to $27. Regional banks like <a href="http://finance.aol.com/quotes/national-city-corporation/ncc/nys">National City</a> (NYSE:<a href="http://finance.aol.com/quotes/national-city-corporation/ncc/nys">NCC</a>) have had it worse. It shares have fallen from a one-year high of $34.62 to $5.25.</p>
<p>Selling in those stocks in not over. Not even close.</p>
<p><em>Douglas A. McIntyre is an editor at 247wallst.com and author of the <a href="http://www.247wallst.com/10_stocks_under_10_dollars_newsletter.html">Ten Stocks Under $10 letter.</a> </em></p><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.bloggingstocks.com/2008/06/06/as-banks-get-to-eat-more-real-estate-losses-shareholders-about/">As banks get to eat more real-estate losses, shareholders about to get killed</a> originally appeared on <a href="http://www.bloggingstocks.com">BloggingStocks</a> on Fri, 06 Jun 2008 12:05:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href=http://online.wsj.com/article/SB121270897437850363.html?mod=hps_us_whats_news>Read</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2008/06/06/as-banks-get-to-eat-more-real-estate-losses-shareholders-about/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/forward/1217581/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2008/06/06/as-banks-get-to-eat-more-real-estate-losses-shareholders-about/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>bank stocks</category><category>BankStocks</category><category>EFC</category><category>inthenews</category><category>national city</category><category>NationalCity</category><category>NCC</category><category>subprime</category><category>subprime mortgages</category><category>SubprimeMortgages</category><category>WB</category><dc:creator><![CDATA[Douglas McIntyre]]></dc:creator><pubDate>Fri, 06 Jun 2008 12:05:00 EST</pubDate></item><item><title><![CDATA[Newspaper wrap-up: Federal regulators have National City under scrutiny]]></title><link>http://www.bloggingstocks.com/2008/06/06/newspaper-wrap-up-federal-regulators-have-national-city-under-s/</link><guid isPermaLink="true">http://www.bloggingstocks.com/2008/06/06/newspaper-wrap-up-federal-regulators-have-national-city-under-s/</guid><comments>http://www.bloggingstocks.com/2008/06/06/newspaper-wrap-up-federal-regulators-have-national-city-under-s/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.bloggingstocks.com/category/newspapers/" rel="tag">Newspapers</a>, <a href="http://www.bloggingstocks.com/category/magazines/" rel="tag">Magazines</a>, <a href="http://www.bloggingstocks.com/category/gm/" rel="tag">General Motors (GM)</a>, <a href="http://www.bloggingstocks.com/category/aig/" rel="tag">Amer Intl Group (AIG)</a>, <a href="http://www.bloggingstocks.com/category/leh/" rel="tag">Lehman Br Holdings (LEH)</a>, <a href="http://www.bloggingstocks.com/category/ttm/" rel="tag">Tata Mtrs Ltd (TTM)</a></p><strong><a href="http://www.theflyonthewall.com/splashPage.php?source=AOL"><img vspace="4" hspace="4" border="1" align="right" src="http://www.blogcdn.com/www.bloggingstocks.com/media/2008/06/fly-logo-(aol).gif"  alt="" /></a>MAJOR PAPERS:</strong><br />
<ul>
    <li>The banking unit of <a href="http://finance.aol.com/quotes/national-city-corporation/ncc/nys">National City Corporation</a> (NYSE: <a href="http://finance.aol.com/quotes/national-city-corporation/ncc/nys">NCC</a>) recently entered into a "memorandum of understanding" with federal regulators, the <a href="http://online.wsj.com/article/SB121271764588650947.html?mod=hpp_us_whats_news"><em>Wall Street Journal</em></a> reported. The banking unit has bad loans, and the agreement basically means that the bank is on probation, as the government pressures financial institutions.</li>
    <li>The <a href="http://online.wsj.com/article/SB121271786552550939.html?mod=hps_us_whats_news"><em>Wall Street Journal</em></a> also reported that Justice Department criminal prosecutors and its U.S. attorney's office in Brooklyn, NY are investigating <a href="http://finance.aol.com/quotes/american-international-group-inc/aig/nys">American International Group Inc</a> (NYSE: <a href="http://finance.aol.com/quotes/american-international-group-inc/aig/nys">AIG</a>) to see if they overstated the value of contracts tied to subprime mortgages.</li>
</ul>
<strong>OTHER PAPERS:</strong><br />
<ul>
    <li><a href="http://finance.aol.com/quotes/lehman-brothers-holdings-inc/leh/nys">Lehman Brothers Holdings Inc</a> (NYSE: <a href="http://finance.aol.com/quotes/lehman-brothers-holdings-inc/leh/nys">LEH</a>) is thinking of releasing its Q2 results a week earlier than planned, and announcing a capital raising plan at the same time, according to the <a href="http://www.nypost.com/seven/06062008/business/lehman_pre_empts_114227.htm"><em>New York Post</em></a>, in order to reduce negative speculation about its future.</li>
    <li>The <a href="http://economictimes.indiatimes.com/Tata_MM_in_race_for_GMs_Hummer/rssarticleshow/3104546.cms"><em>Economic Times</em></a> reported that Indian auto companies <a href="http://finance.aol.com/quotes/tata-motors-limited/ttm/nys">Tata Motors Limited</a> (NYSE: <a href="http://finance.aol.com/quotes/tata-motors-limited/ttm/nys">TTM</a>) and Mahindra and Mahindra may be interested in acquiring Hummer from <a href="http://finance.aol.com/quotes/general-motors-corporation/gm/nys">General Motors Corporation</a> (NYSE: <a href="http://finance.aol.com/quotes/general-motors-corporation/gm/nys">GM</a>).</li>
</ul><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.bloggingstocks.com/2008/06/06/newspaper-wrap-up-federal-regulators-have-national-city-under-s/">Newspaper wrap-up: Federal regulators have National City under scrutiny</a> originally appeared on <a href="http://www.bloggingstocks.com">BloggingStocks</a> on Fri, 06 Jun 2008 08:00:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.bloggingstocks.com/2008/06/06/newspaper-wrap-up-federal-regulators-have-national-city-under-s/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/forward/1217627/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2008/06/06/newspaper-wrap-up-federal-regulators-have-national-city-under-s/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>AIG</category><category>American International Group</category><category>AmericanInternationalGroup</category><category>General Motors</category><category>GeneralMotors</category><category>GM</category><category>Hummer</category><category>LEH</category><category>lehman brothers</category><category>lehman brothers hold...</category><category>LehmanBrothers</category><category>LehmanBrothersHold...</category><category>mahindra</category><category>mahindra and mahindra</category><category>MahindraAndMahindra</category><category>national city</category><category>national city bank</category><category>NationalCity</category><category>NationalCityBank</category><category>NCC</category><category>probe</category><category>regulators</category><category>Tata Motors</category><category>TataMotors</category><category>TTM</category><dc:creator><![CDATA[Laurie Pasternack]]></dc:creator><pubDate>Fri, 06 Jun 2008 08:00:00 EST</pubDate></item><item><title><![CDATA[Analyst downgrades: NCC, HST, PKTR and FTE]]></title><link>http://www.bloggingstocks.com/2008/04/22/analyst-downgrades-ncc-hst-pktr-and-fte/</link><guid isPermaLink="true">http://www.bloggingstocks.com/2008/04/22/analyst-downgrades-ncc-hst-pktr-and-fte/</guid><comments>http://www.bloggingstocks.com/2008/04/22/analyst-downgrades-ncc-hst-pktr-and-fte/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.bloggingstocks.com/category/analyst-reports/" rel="tag">Analyst Reports</a>, <a href="http://www.bloggingstocks.com/category/analyst-upgrades-and-downgrades/" rel="tag">Analyst Upgrades and Downgrades</a></p><strong><a href="http://www.theflyonthewall.com/splashPage.php?source=AOL"><img vspace="4" hspace="4" border="1" align="right" alt="" src="http://www.blogcdn.com/www.bloggingstocks.com/media/2008/04/fly-logo-(aol).gif" /></a>MOST NOTEWORTHY:</strong> Host Hotels, Packeteer and France Telecom were today's noteworthy downgrades:<br />
<ul>
    <li> Deutsche Bank downgraded shares of Host Hotels (NYSE: <a href="http://finance.aol.com/quotes/host-hotels-and-resorts-inc/hst/nys">HST</a>) to Hold from Buy and lowered their target to $19 from $22.50 on a lack of near-term catalysts and industry headwinds. Note the firm also downgraded Sunstone Hotel Investors (NYSE: <a href="http://finance.aol.com/quotes/sunstone-hotel-investors-inc/sho/nys">SHO</a>), Strategic Hotels (NYSE: <a href="http://finance.aol.com/quotes/strategic-hotels-and-resorts-inc/bee/nys">BEE</a>) and DiamondRock Hospitality (NYSE: <a href="http://finance.aol.com/quotes/diamondrock-hospitality-company/drh/nys">DRH</a>) to Hold from Buy.</li>
    <li>Merriman downgraded shares of Packeteer (NASDAQ: <a href="http://finance.aol.com/quotes/packeteer-inc/pktr/nas">PKTR</a>) to Neutral from Buy following the acquisition bid by Blue Coat Systems (NASDAQ: <a href="http://finance.aol.com/quotes/blue-coat-systems-inc/bcsi/nas">BCSI</a>) as they are not expecting additional suitors to emerge. <br /></li>
    <li>ABN Amro cut France Telecom (NYSE: <a href="http://finance.aol.com/quotes/france-telecom-ads/fte/nys">FTE</a>) to Hold from Buy as they see increased risk from the company's acquisitions strategy.</li>
</ul>
<strong>OTHER DOWNGRADES:</strong><br />
<ul>
    <li> Keefe Bruyette downgraded Capitol Federal (NASDAQ: <a href="http://finance.aol.com/quotes/capitol-federal-financial/cffn/nas">CFFN</a>) to Underperform from Market Perform. <br /></li>
    <li>Omnicell (NASDAQ: <a href="http://finance.aol.com/quotes/omnicell-inc/omcl/nas">OMCL</a>) was lowered to Neutral from Strong Buy at Broadpoint. <br /></li>
    <li>National City (NYSE: <a href="http://finance.aol.com/quotes/national-city-corporation/ncc/nys">NCC</a>) was downgraded at Bear to Underperform from Outperform.</li>
</ul><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.bloggingstocks.com/2008/04/22/analyst-downgrades-ncc-hst-pktr-and-fte/">Analyst downgrades: NCC, HST, PKTR and FTE</a> originally appeared on <a href="http://www.bloggingstocks.com">BloggingStocks</a> on Tue, 22 Apr 2008 11:45:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.bloggingstocks.com/2008/04/22/analyst-downgrades-ncc-hst-pktr-and-fte/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/forward/1174336/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2008/04/22/analyst-downgrades-ncc-hst-pktr-and-fte/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>analyst</category><category>cffn</category><category>downgrade</category><category>france telecom</category><category>FranceTelecom</category><category>fte</category><category>host hotels</category><category>HostHotels</category><category>hst</category><category>national city</category><category>NationalCity</category><category>ncc</category><category>omcl</category><category>omnicell</category><category>packeteer</category><category>pktr</category><dc:creator><![CDATA[Eric Buscemi]]></dc:creator><pubDate>Tue, 22 Apr 2008 11:45:00 EST</pubDate></item><item><title><![CDATA[Analyst upgrades: NCC, BRLC and MHS]]></title><link>http://www.bloggingstocks.com/2008/04/22/analyst-upgrades-ncc-brlc-and-mhs/</link><guid isPermaLink="true">http://www.bloggingstocks.com/2008/04/22/analyst-upgrades-ncc-brlc-and-mhs/</guid><comments>http://www.bloggingstocks.com/2008/04/22/analyst-upgrades-ncc-brlc-and-mhs/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.bloggingstocks.com/category/analyst-reports/" rel="tag">Analyst Reports</a>, <a href="http://www.bloggingstocks.com/category/analyst-upgrades-and-downgrades/" rel="tag">Analyst Upgrades and Downgrades</a></p><strong><a href="http://www.theflyonthewall.com/splashPage.php?source=AOL"><img vspace="4" hspace="4" border="1" align="right" alt="" src="http://www.blogcdn.com/www.bloggingstocks.com/media/2008/04/fly-logo-(aol).gif" /></a>MOST NOTEWORTHY:</strong> National City, Syntax Brillian and Medco Health were today's noteworthy upgrades:<br />
<ul>
    <li>Deutsche Bank upgraded shares of <a href="http://finance.aol.com/quotes/national-city-corporation/ncc/nys">National City</a> (NYSE: <a href="http://finance.aol.com/quotes/national-city-corporation/ncc/nys">NCC</a>) to Buy from Sell on valuation as they believe their $9.00 target is in-line with the company's franchise value. <br /></li>
    <li>Baird upgraded <a href="http://finance.aol.com/quotes/syntax-brillian-corporation/brlc/nas">Syntax Brillian</a> (NASDAQ: <a href="http://finance.aol.com/quotes/syntax-brillian-corporation/brlc/nas">BRLC</a>) to Outperform from Neutral based on recently announced strategic initiatives and valuation. <br /></li>
    <li>Jefferies upgraded shares of <a href="http://finance.aol.com/quotes/medco-health-solutions-inc/mhs/nys">Medco Health</a> (NYSE: <a href="http://finance.aol.com/quotes/medco-health-solutions-inc/mhs/nys">MHS</a>) to Buy from Hold as they believe the company's renewed PBM contract with <a href="http://finance.aol.com/quotes/unitedhealth-group-incorporated/unh/nys">United Healthcare</a> (NYSE: <a href="http://finance.aol.com/quotes/unitedhealth-group-incorporated/unh/nys">UNH</a>) removes a major overhang.</li>
</ul>
<strong>OTHER UPGRADES:</strong><br />
<ul>
    <li> Friedman Billings raised <a href="http://finance.aol.com/quotes/downey-financial-corporation/dsl/nys">Downey Financial</a> (NYSE: <a href="http://finance.aol.com/quotes/downey-financial-corporation/dsl/nys">DSL</a>) to Market Perform from Underperform. <br /></li>
    <li><a href="http://finance.aol.com/quotes/loews-corporation/ltr/nys">Volterra</a> (VNASDAQ: <a href="http://finance.aol.com/quotes/loews-corporation/ltr/nys">LTR</a>) was raised to Buy from Neutral at Piper. <br /></li>
    <li><a href="http://finance.aol.com/quotes/alliance-data-systems-corporation/ads/nys">Alliance Data</a> (NYSE: <a href="http://finance.aol.com/quotes/alliance-data-systems-corporation/ads/nys">ADS</a>) was raised at JP Morgan to Overweight from Neutral.</li>
</ul><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.bloggingstocks.com/2008/04/22/analyst-upgrades-ncc-brlc-and-mhs/">Analyst upgrades: NCC, BRLC and MHS</a> originally appeared on <a href="http://www.bloggingstocks.com">BloggingStocks</a> on Tue, 22 Apr 2008 11:22:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.bloggingstocks.com/2008/04/22/analyst-upgrades-ncc-brlc-and-mhs/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/forward/1174334/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2008/04/22/analyst-upgrades-ncc-brlc-and-mhs/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>ads</category><category>alliance data</category><category>AllianceData</category><category>analyst</category><category>brlc</category><category>downey financial</category><category>DowneyFinancial</category><category>dsl</category><category>medco</category><category>mhs</category><category>national city</category><category>NationalCity</category><category>ncc</category><category>syntax brillian</category><category>SyntaxBrillian</category><category>unh</category><category>united healthcare</category><category>UnitedHealthcare</category><category>upgrade</category><category>vltr</category><category>volterra</category><dc:creator><![CDATA[Eric Buscemi]]></dc:creator><pubDate>Tue, 22 Apr 2008 11:22:00 EST</pubDate></item><item><title><![CDATA[Newspaper wrap-up: National City expected to receive $6B-plus capital infusion]]></title><link>http://www.bloggingstocks.com/2008/04/21/newspaper-wrap-up-national-city-expected-to-receive-6b-plus-ca/</link><guid isPermaLink="true">http://www.bloggingstocks.com/2008/04/21/newspaper-wrap-up-national-city-expected-to-receive-6b-plus-ca/</guid><comments>http://www.bloggingstocks.com/2008/04/21/newspaper-wrap-up-national-city-expected-to-receive-6b-plus-ca/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.bloggingstocks.com/category/newspapers/" rel="tag">Newspapers</a>, <a href="http://www.bloggingstocks.com/category/magazines/" rel="tag">Magazines</a>, <a href="http://www.bloggingstocks.com/category/bac/" rel="tag">Bank of America (BAC)</a></p><strong><a href="http://www.theflyonthewall.com/splashPage.php?source=AOL"><img vspace="4" hspace="4" border="1" align="right" src="http://www.blogcdn.com/www.bloggingstocks.com/media/2008/04/fly-logo-(aol).gif"  alt="" /></a>MAJOR PAPERS:</strong><br />
<ul>
    <li>Private equity firm Corsair Capital and several of the banks bigger shareholders are expected to inject over $6B into Cleveland regional bank <a href="http://finance.aol.com/quotes/national-city-corporation/ncc/nys">National City Corporation</a> (NYSE: <a href="http://finance.aol.com/quotes/national-city-corporation/ncc/nys">NCC</a>), the <a href="http://online.wsj.com/article/SB120873510977529849.html?mod=hps_us_whats_news"><em>Wall Street Journal</em></a> reported.</li>
    <li>According to sources, the <a href="http://www.ft.com/cms/s/0/ae58c83a-0f17-11dd-9646-0000779fd2ac.html"><em>Financial Times </em></a>reported that <a href="http://finance.aol.com/quotes/bank-of-america-corporation/bac/nys">Bank of America Corporation</a> (NYSE: <a href="http://finance.aol.com/quotes/bank-of-america-corporation/bac/nys">BAC</a>) is planning to sell a portion of its 9% stake in China Construction Bank in order to raise capital. However, Bank of America will offset some of the share sales by exercising options it holds to buy additional stakes in the bank at levels that are now well below market rates. </li>
</ul>
<strong>OTHER PAPERS:</strong><br />
<ul>
    <li>The <a href="http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article3787097.ece"><em>UK Times</em></a> said <a href="http://finance.aol.com/quotes/the-royal-bank-of-scotland-group-plc/rbs/nys">The Royal Bank of Scotland Group Plc</a> (NYSE: <a href="http://finance.aol.com/quotes/the-royal-bank-of-scotland-group-plc/rbs/nys">RBS</a>) confirmed that it is considering a rights issue that is expected to raise up to GBP10B for the British bank.</li>
    <li>The <a href="http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/04/20/cnbbc120.xml"><em>UK Telegraph</em></a> reported that the BBC is talking to private equity firms to join in a bid for <a href="http://finance.aol.com/quotes/virgin-media-inc/vmed/nas">Virgin Media Inc's</a> (NASDAQ: <a href="http://finance.aol.com/quotes/virgin-media-inc/vmed/nas">VMED</a>) Virgin Media Television, which owns a percentage of the UKTV content business that the BBC doesn't already own.</li>
</ul><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.bloggingstocks.com/2008/04/21/newspaper-wrap-up-national-city-expected-to-receive-6b-plus-ca/">Newspaper wrap-up: National City expected to receive $6B-plus capital infusion</a> originally appeared on <a href="http://www.bloggingstocks.com">BloggingStocks</a> on Mon, 21 Apr 2008 08:57:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.bloggingstocks.com/2008/04/21/newspaper-wrap-up-national-city-expected-to-receive-6b-plus-ca/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/forward/1173029/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2008/04/21/newspaper-wrap-up-national-city-expected-to-receive-6b-plus-ca/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>BAC</category><category>bank of america</category><category>BankOfAmerica</category><category>BBC</category><category>China Construction Bank</category><category>ChinaConstructionBank</category><category>Corsair</category><category>Corsair Capital</category><category>CorsairCapital</category><category>National City</category><category>NationalCity</category><category>NCC</category><category>RBS</category><category>rights issue</category><category>RightsIssue</category><category>Royal Bank of Scotland</category><category>RoyalBankOfScotland</category><category>Virgin Media</category><category>VirginMedia</category><category>VMED</category><dc:creator><![CDATA[Laurie Pasternack]]></dc:creator><pubDate>Mon, 21 Apr 2008 08:57:00 EST</pubDate></item><item><title><![CDATA[Analyst upgrades: LULU, NCC and DVN]]></title><link>http://www.bloggingstocks.com/2008/04/03/analyst-upgrades-lulu-ncc-and-dvn/</link><guid isPermaLink="true">http://www.bloggingstocks.com/2008/04/03/analyst-upgrades-lulu-ncc-and-dvn/</guid><comments>http://www.bloggingstocks.com/2008/04/03/analyst-upgrades-lulu-ncc-and-dvn/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.bloggingstocks.com/category/analyst-reports/" rel="tag">Analyst Reports</a>, <a href="http://www.bloggingstocks.com/category/analyst-upgrades-and-downgrades/" rel="tag">Analyst Upgrades and Downgrades</a>, <a href="http://www.bloggingstocks.com/category/ebay/" rel="tag">eBay (EBAY)</a></p><strong><a href="http://www.theflyonthewall.com/splashPage.php?source=AOL"><img vspace="4" hspace="4" border="1" align="right" src="http://www.blogcdn.com/www.bloggingstocks.com/media/2008/04/fly-logo-(aol).gif" alt="" /></a>MOST NOTEWORTHY:</strong> Lululemon, National City and Devon Energy were today's noteworthy upgrades:<br />
<ul>
    <li>Thomas Weisel upgraded shares of <a href="http://finance.aol.com/quotes/lululemon-athletica-inc/lulu/nas">Lululemon</a> (NASDAQ:<a href="http://finance.aol.com/quotes/lululemon-athletica-inc/lulu/nas">LULU</a>) to Overweight from Market Weight as they believe the company's momentum continues following the strong results; the firm maintains a $43 target on shares. <br /></li>
    <li>Bear upgraded <a href="http://finance.aol.com/quotes/national-city-corporation/ncc/nys">National City</a> (NYSE:<a href="http://finance.aol.com/quotes/national-city-corporation/ncc/nys">NCC</a>) to Outperform from Underperform citing favorable risk/reward following reports is is considering a transaction with <a href="http://finance.aol.com/quotes/keycorp-new/key/nys">KeyCorp</a> (NYSE:<a href="http://finance.aol.com/quotes/keycorp-new/key/nys">KEY</a>). <br /></li>
    <li>JP Morgan raised <a href="http://finance.aol.com/quotes/devon-energy-corporation/dvn/nys">Devon Energy</a> (NYSE:<a href="http://finance.aol.com/quotes/devon-energy-corporation/dvn/nys">DVN</a>) to Overweight from Neutral citing solid organic growth with high rates of returns.</li>
</ul>
<strong>OTHER UPGRADES:</strong><br />
<ul>
    <li><a href="http://finance.aol.com/quotes/micron-technology-inc/mu/nys"> Micron</a> (NYSE:<a href="http://finance.aol.com/quotes/micron-technology-inc/mu/nys">MU</a>) was upgraded at Goldman to Neutral from Sell. <br /></li>
    <li>Merrill raised <a href="http://finance.aol.com/quotes/ebay-inc/ebay/nas">eBay</a> (NASDAQ:<a href="http://finance.aol.com/quotes/ebay-inc/ebay/nas">EBAY</a>) to Buy from Neutral. <br /></li>
    <li>Oppenheimer upgraded to Outperform from <a href="http://finance.aol.com/quotes/marathon-oil-corporation/mro/nys">Perform Marathon Oil</a> (NYSE:<a href="http://finance.aol.com/quotes/marathon-oil-corporation/mro/nys">MRO</a>).</li>
</ul><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.bloggingstocks.com/2008/04/03/analyst-upgrades-lulu-ncc-and-dvn/">Analyst upgrades: LULU, NCC and DVN</a> originally appeared on <a href="http://www.bloggingstocks.com">BloggingStocks</a> on Thu, 03 Apr 2008 11:26:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.bloggingstocks.com/2008/04/03/analyst-upgrades-lulu-ncc-and-dvn/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/forward/1157515/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2008/04/03/analyst-upgrades-lulu-ncc-and-dvn/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>analyst</category><category>devon</category><category>dvn</category><category>ebay</category><category>lulu</category><category>lululemon</category><category>marathon oil</category><category>MarathonOil</category><category>micron</category><category>mro</category><category>mu</category><category>national city</category><category>NationalCity</category><category>ncc</category><category>upgrade</category><dc:creator><![CDATA[Eric Buscemi]]></dc:creator><pubDate>Thu, 03 Apr 2008 11:26:00 EST</pubDate></item><item><title><![CDATA[Option Update: National City volatility elevated as NCC reviews strategic alternatives]]></title><link>http://www.bloggingstocks.com/2008/04/02/option-update-national-city-volatility-elevated-as-ncc-reviews/</link><guid isPermaLink="true">http://www.bloggingstocks.com/2008/04/02/option-update-national-city-volatility-elevated-as-ncc-reviews/</guid><comments>http://www.bloggingstocks.com/2008/04/02/option-update-national-city-volatility-elevated-as-ncc-reviews/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.bloggingstocks.com/category/options/" rel="tag">Options</a></p><p><a href="http://finance.aol.com/quotes/national-city-corporation/ncc/nys"><strong><img align="right" src="http://www.blogcdn.com/www.bloggingstocks.com/media/2008/04/flywall_final_logo_mini.gif" alt="" /></strong><strong>National City</strong></a> (NYSE: <a href="http://finance.aol.com/quotes/national-city-corporation/ncc/nys">NCC</a>) is mulling plans to sell itself to <a href="http://finance.aol.com/quotes/national-city-corporation/ncc/nys">KeyCorp</a> (MYSE: <a href="http://finance.aol.com/quotes/national-city-corporation/ncc/nys">KEY</a>) according to the WSJ. <br /></p>
<p>NCC announced on April 1 that its Board of Directors are reviewing a range of strategic alternatives for the company. NCC closed at $9.99. <br /></p>
<p>RBC Capital says: "We would be surprised if the company will receive acceptable bids for the entire corporation considering its high exposure to higher risk assets." <br /></p>
<p>NCC April option implied volatility of 122 is above its 26-week average of 57 according to Track Data, suggesting larger price fluctuations.</p>
<p><em>Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com</em></p><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.bloggingstocks.com/2008/04/02/option-update-national-city-volatility-elevated-as-ncc-reviews/">Option Update: National City volatility elevated as NCC reviews strategic alternatives</a> originally appeared on <a href="http://www.bloggingstocks.com">BloggingStocks</a> on Wed, 02 Apr 2008 08:42:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.bloggingstocks.com/2008/04/02/option-update-national-city-volatility-elevated-as-ncc-reviews/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/forward/1155538/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2008/04/02/option-update-national-city-volatility-elevated-as-ncc-reviews/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>inthenews</category><category>national city</category><category>NationalCity</category><category>ncc</category><category>option implied volatility</category><category>OptionImpliedVolatility</category><dc:creator><![CDATA[Paul Foster]]></dc:creator><pubDate>Wed, 02 Apr 2008 08:42:00 EST</pubDate></item><item><title><![CDATA[Newspaper wrap-up: Lehman sees possible abusive trading in its shares]]></title><link>http://www.bloggingstocks.com/2008/04/02/newspaper-wrap-up-lehman-sees-possible-abusive-trading-in-its-s/</link><guid isPermaLink="true">http://www.bloggingstocks.com/2008/04/02/newspaper-wrap-up-lehman-sees-possible-abusive-trading-in-its-s/</guid><comments>http://www.bloggingstocks.com/2008/04/02/newspaper-wrap-up-lehman-sees-possible-abusive-trading-in-its-s/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.bloggingstocks.com/category/newspapers/" rel="tag">Newspapers</a>, <a href="http://www.bloggingstocks.com/category/magazines/" rel="tag">Magazines</a>, <a href="http://www.bloggingstocks.com/category/goog/" rel="tag">Google (GOOG)</a>, <a href="http://www.bloggingstocks.com/category/leh/" rel="tag">Lehman Br Holdings (LEH)</a>, <a href="http://www.bloggingstocks.com/category/bsc/" rel="tag">Bear Stearns Cos (BSC)</a></p><strong><a href="http://www.theflyonthewall.com/splashPage.php?source=AOL"><img vspace="4" hspace="4" border="1" align="right" src="http://www.blogcdn.com/www.bloggingstocks.com/media/2008/04/fly-logo-(aol).gif"  alt="" /></a>MAJOR PAPERS:</strong><br />
<ul>
    <li>According to the <a href="http://online.wsj.com/article/SB120710588058782675.html?mod=hpp_us_whats_news"><em>Wall Street Journal</em></a>, troubled Ohio bank <a href="http://finance.aol.com/quotes/national-city-corporation/ncc/nys">National City Corporation</a> (NYSE: <a href="http://finance.aol.com/quotes/national-city-corporation/ncc/nys">NCC</a>) is considering a plan to sell itself to rival <a href="http://finance.aol.com/quotes/keycorp-new/key/nys">KeyCorp</a> (NYSE: <a href="http://finance.aol.com/quotes/keycorp-new/key/nys">KEY</a>), people familiar with the matter said.</li>
    <li>The <a href="http://www.ft.com/cms/s/0/7575cc0a-003c-11dd-825a-000077b07658.html"><em>Financial Times</em></a> reported that <a href="http://finance.aol.com/quotes/lehman-brothers-holdings-inc/leh/nys">Lehman Brothers Holdings Inc</a> (NYSE: <a href="http://finance.aol.com/quotes/lehman-brothers-holdings-inc/leh/nys">LEH</a>) yesterday said it had sent information to the SEC about possible abusive short-selling in its shares in recent days. Lehman CFO Erin Callan said the SEC was examining whether hedge funds collaborated to drive down the bank's share price in the days following the near collapse of <a href="http://finance.aol.com/quotes/the-bear-stearns-companies-inc/bsc/nys">The Bear Stearns Companies</a> (NYSE: <a href="http://finance.aol.com/quotes/the-bear-stearns-companies-inc/bsc/nys">BSC</a>).</li>
    <li>Colombia's heavy oil area could hold 20B barrels of recoverable resources, the <a href="http://www.ft.com/cms/s/0/1e8508ae-004e-11dd-825a-000077b07658.html"><em>Financial Times</em></a> reported, giving the country greater reserves than leading producers such as Mexico and Algeria, according to Colombia's government.</li>
</ul>
<strong>WEB SITES:</strong><br />
<ul>
    <li>The <a href="http://blairwestlake.com/community/blogs/articles/archive/2008/04/01/silicon-alley-insider-emi-gets-new-digital-boss-from-google.aspx"><em>Silicon Alley Insider</em></a> reported that Douglas Merrill, <a href="http://finance.aol.com/quotes/google-inc/goog/nas">Google Inc's</a> (NASDAQ: <a href="http://finance.aol.com/quotes/google-inc/goog/nas">GOOG</a>) CIO, is leaving the company to become the president of music company EMI.</li>
</ul><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.bloggingstocks.com/2008/04/02/newspaper-wrap-up-lehman-sees-possible-abusive-trading-in-its-s/">Newspaper wrap-up: Lehman sees possible abusive trading in its shares</a> originally appeared on <a href="http://www.bloggingstocks.com">BloggingStocks</a> on Wed, 02 Apr 2008 07:20:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.bloggingstocks.com/2008/04/02/newspaper-wrap-up-lehman-sees-possible-abusive-trading-in-its-s/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/forward/1155508/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2008/04/02/newspaper-wrap-up-lehman-sees-possible-abusive-trading-in-its-s/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>bear stearns</category><category>bear stearns cos (bsc)</category><category>BearStearns</category><category>BearStearnsCos(bsc)</category><category>BSC</category><category>Colombia</category><category>Douglas Merrill</category><category>DouglasMerrill</category><category>EMI</category><category>GOOG</category><category>google</category><category>KEY</category><category>KeyCorp</category><category>leh</category><category>lehman</category><category>lehman brothers</category><category>LehmanBrothers</category><category>national city</category><category>national city bank</category><category>NationalCity</category><category>NationalCityBank</category><category>NCC</category><dc:creator><![CDATA[Laurie Pasternack]]></dc:creator><pubDate>Wed, 02 Apr 2008 07:20:00 EST</pubDate></item><item><title><![CDATA[Analyst upgrades: Countrywide Financial, AstraZeneca, Massey Energy, International Coal]]></title><link>http://www.bloggingstocks.com/2008/03/19/analyst-upgrades-countrywide-financial-astrazeneca-massey-ene/</link><guid isPermaLink="true">http://www.bloggingstocks.com/2008/03/19/analyst-upgrades-countrywide-financial-astrazeneca-massey-ene/</guid><comments>http://www.bloggingstocks.com/2008/03/19/analyst-upgrades-countrywide-financial-astrazeneca-massey-ene/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.bloggingstocks.com/category/analyst-reports/" rel="tag">Analyst Reports</a>, <a href="http://www.bloggingstocks.com/category/analyst-upgrades-and-downgrades/" rel="tag">Analyst Upgrades and Downgrades</a>, <a href="http://www.bloggingstocks.com/category/bac/" rel="tag">Bank of America (BAC)</a>, <a href="http://www.bloggingstocks.com/category/cfc/" rel="tag">Countrywide Financial (CFC)</a></p><strong><a href="http://www.theflyonthewall.com/splashPage.php?source=AOL"><img vspace="4" hspace="4" border="1" align="right" src="http://www.blogcdn.com/www.bloggingstocks.com/media/2008/03/fly-logo-(aol).gif" alt="" /></a>MOST NOTEWORTHY:</strong> Countrywide Financial, AstraZeneca, Massey Energy and International Coal were today's noteworthy upgrades:<br />
<ul>
    <li>Wachovia upgraded <a href="http://finance.aol.com/quotes/countrywide-financial-corporation/cfc/nys">Countrywide</a> (NYSE: <a href="http://finance.aol.com/quotes/countrywide-financial-corporation/cfc/nys">CFC</a>) to Market Perform from Underperform, as they do not expect any other bidders to emerge and for the acquisition by <a href="http://finance.aol.com/quotes/bank-of-america-corporation/bac/nys">Bank of America</a> (NYSE: <a href="http://finance.aol.com/quotes/bank-of-america-corporation/bac/nys">BAC</a>) to close. <br /></li>
    <li>HSBC upgraded <a href="http://finance.aol.com/quotes/astrazeneca-plc-ads/azn/nys">AstraZeneca</a> (NYSE: <a href="http://finance.aol.com/quotes/astrazeneca-plc-ads/azn/nys">AZN</a>) to Overweight from Neutral on valuation and their belief that an agreement with Ranbaxy on Nexium is possible. <br /></li>
    <li><a href="http://finance.aol.com/quotes/massey-energy-company/mee/nys">Massey Energy</a> (NYSE: <a href="http://finance.aol.com/quotes/massey-energy-company/mee/nys">MEE</a>) and <a href="http://finance.aol.com/quotes/international-coal-grp-inc-n/ico/nys">International Coal</a> (NYSE: <a href="http://finance.aol.com/quotes/international-coal-grp-inc-n/ico/nys">ICO</a>) were upgraded to Neutral from Underweight at JP Morgan citing higher coal price forecasts.</li>
</ul>
<strong>OTHER UPGRADES:</strong><br />
<ul>
    <li>UBS raised <a href="http://finance.aol.com/quotes/helicos-biosciences-corporation/hlcs/nas">Helicos BioSciences</a> (NASDAQ: <a href="http://finance.aol.com/quotes/helicos-biosciences-corporation/hlcs/nas">HLCS</a>) to Neutral from Sell. <br /></li>
    <li>RBC Capital raised <a href="http://finance.aol.com/quotes/national-city-corporation/ncc/nys">National City</a> (NYSE: <a href="http://finance.aol.com/quotes/national-city-corporation/ncc/nys">NCC</a>) to Sector Perform from Underperform. <br /></li>
    <li>Merrill upgraded <a href="http://finance.aol.com/quotes/magellan-midstream-holdings-l-p/mgg/nys">Magellan Midstream Holdings</a> (NYSE: <a href="http://finance.aol.com/quotes/magellan-midstream-holdings-l-p/mgg/nys">MGG</a>) to Buy from Neutral.</li>
</ul><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.bloggingstocks.com/2008/03/19/analyst-upgrades-countrywide-financial-astrazeneca-massey-ene/">Analyst upgrades: Countrywide Financial, AstraZeneca, Massey Energy, International Coal</a> originally appeared on <a href="http://www.bloggingstocks.com">BloggingStocks</a> on Wed, 19 Mar 2008 11:23:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.bloggingstocks.com/2008/03/19/analyst-upgrades-countrywide-financial-astrazeneca-massey-ene/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/forward/1144025/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2008/03/19/analyst-upgrades-countrywide-financial-astrazeneca-massey-ene/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>analyst</category><category>astrazeneca</category><category>azn</category><category>bac</category><category>bank of america</category><category>BankOfAmerica</category><category>cfc</category><category>countrywide</category><category>helicos</category><category>hlcs</category><category>ico</category><category>international coal</category><category>InternationalCoal</category><category>magellan</category><category>massey energy</category><category>MasseyEnergy</category><category>mee</category><category>mgg</category><category>national city</category><category>NationalCity</category><category>ncc</category><category>upgrade</category><dc:creator><![CDATA[Eric Buscemi]]></dc:creator><pubDate>Wed, 19 Mar 2008 11:23:00 EST</pubDate></item><item><title><![CDATA[Option Update: National City shares trade at 15-year low]]></title><link>http://www.bloggingstocks.com/2008/03/17/option-update-national-city-shares-trade-at-15-year-low/</link><guid isPermaLink="true">http://www.bloggingstocks.com/2008/03/17/option-update-national-city-shares-trade-at-15-year-low/</guid><comments>http://www.bloggingstocks.com/2008/03/17/option-update-national-city-shares-trade-at-15-year-low/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.bloggingstocks.com/category/options/" rel="tag">Options</a></p><p><a href="http://finance.aol.com/quotes/national-city-corporation/ncc/nys"><img align="right" alt="" src="http://www.blogcdn.com/www.bloggingstocks.com/media/2008/03/flywall_final_logo_mini.gif" /><strong>National City</strong></a> (NYSE: <a href="http://finance.aol.com/quotes/national-city-corporation/ncc/nys">NCC</a>) volatility aggressive; shares trade at 15-year low as NCC is recently down $3.69 to $9.44. <br /></p>
<p>NCC March 10 straddle is trading at $3.00. NCC April option implied volatility of 140 is above its 26-week average of 46 according to Track Data, suggesting larger price fluctuations.</p>
<p><strong><a href="http://finance.aol.com/quotes/vix/nys">Volatility Index S&amp;P 500 Options</a></strong>-<a href="http://finance.aol.com/quotes/vix/nys">VIX </a>up 3.52 to 34.68.</p>
<p><em>Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com</em></p><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.bloggingstocks.com/2008/03/17/option-update-national-city-shares-trade-at-15-year-low/">Option Update: National City shares trade at 15-year low</a> originally appeared on <a href="http://www.bloggingstocks.com">BloggingStocks</a> on Mon, 17 Mar 2008 10:22:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.bloggingstocks.com/2008/03/17/option-update-national-city-shares-trade-at-15-year-low/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/forward/1141919/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2008/03/17/option-update-national-city-shares-trade-at-15-year-low/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>national city</category><category>NationalCity</category><category>ncc</category><category>option implied volatility</category><category>OptionImpliedVolatility</category><dc:creator><![CDATA[Paul Foster]]></dc:creator><pubDate>Mon, 17 Mar 2008 10:22:00 EST</pubDate></item><item><title><![CDATA[Earnings highlights: Bank of America, eBay, Ford, Motorola, Pfizer, and others]]></title><link>http://www.bloggingstocks.com/2008/01/26/earnings-highlights-bank-of-america-ebay-ford-motorola-pfiz/</link><guid isPermaLink="true">http://www.bloggingstocks.com/2008/01/26/earnings-highlights-bank-of-america-ebay-ford-motorola-pfiz/</guid><comments>http://www.bloggingstocks.com/2008/01/26/earnings-highlights-bank-of-america-ebay-ford-motorola-pfiz/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.bloggingstocks.com/category/earnings-reports/" rel="tag">Earnings Reports</a>, <a href="http://www.bloggingstocks.com/category/ebay/" rel="tag">eBay (EBAY)</a>, <a href="http://www.bloggingstocks.com/category/pfe/" rel="tag">Pfizer (PFE)</a>, <a href="http://www.bloggingstocks.com/category/f/" rel="tag">Ford Motor (F)</a>, <a href="http://www.bloggingstocks.com/category/mot/" rel="tag">Motorola (MOT)</a>, <a href="http://www.bloggingstocks.com/category/t/" rel="tag">AT and T (T)</a>, <a href="http://www.bloggingstocks.com/category/bac/" rel="tag">Bank of America (BAC)</a>, <a href="http://www.bloggingstocks.com/category/hsy/" rel="tag">Hershey Co (HSY)</a>, <a href="http://www.bloggingstocks.com/category/len/" rel="tag">Lennar Corp'A' (LEN)</a>, <a href="http://www.bloggingstocks.com/category/dd/" rel="tag">duPont(E.I.)deNemours (DD)</a>, <a href="http://www.bloggingstocks.com/category/kmb/" rel="tag">Kimberly-Clark (KMB)</a>, <a href="http://www.bloggingstocks.com/category/wb/" rel="tag">Wachovia Corp (WB)</a>, <a href="http://www.bloggingstocks.com/category/uaua/" rel="tag">UAL Corp (UAUA)</a>, <a href="http://www.bloggingstocks.com/category/hog/" rel="tag">Harley-Davidson (HOG)</a>, <a href="http://www.bloggingstocks.com/category/hon/" rel="tag">Honeywell Intl (HON)</a>, <a href="http://www.bloggingstocks.com/category/dal/" rel="tag">Delta Air Lines (DAL)</a></p><p>The earnings crunch is in full swing, and here are a few of the highlights of this past week's <a href="http://www.bloggingstocks.com/category/earnings-reports/">earnings coverage</a> from BloggingStocks:</p>
<ul>
    <li><a href="http://finance.aol.com/quotes/atandt-inc/t/nys"><strong>AT&amp;T Inc.</strong></a> (NYSE: <a href="http://finance.aol.com/quotes/atandt-inc/t/nys">T</a>) only <a href="http://www.bloggingstocks.com/2008/01/24/atandt-t-searching-for-direction-after-q4-earnings/">met earnings expectations</a> despite strong holiday iPhone sales. </li>
    <li><a href="http://finance.aol.com/quotes/bank-of-america-corporation/bac/nys"><strong>Bank of America</strong></a> (NYSE: <a href="http://finance.aol.com/quotes/bank-of-america-corporation/bac/nys">BAC</a>) <a href="http://www.bloggingstocks.com/2008/01/22/bank-of-america-wachovia-earnings-plunge/">earnings plunged 95%</a> due to mortgage-related write-downs. </li>
    <li><a href="http://finance.aol.com/quotes/delta-air-lines-inc-del/dal/nys"><strong>Delta Air Lines Inc.</strong></a> (NYSE: <a href="http://finance.aol.com/quotes/delta-air-lines-inc-del/dal/nys">DAL</a>) narrowed <a href="http://www.bloggingstocks.com/2008/01/23/airline-earnings-southwest-luv-and-delta-dal-report/">its fourth quarter loss</a> and beat expectations. </li>
    <li><strong><a href="http://finance.aol.com/quotes/ebay-inc/ebay/nas">eBay Inc.</a></strong> (NADSAQ: <a href="http://finance.aol.com/quotes/ebay-inc/ebay/nas">EBAY</a>) <a href="http://www.bloggingstocks.com/2008/01/23/ebay-falls-on-weak-forecast-ceo-meg-whitman-steps-down/">beat low expectations</a>, but the CEO is to step down in March. </li>
    <li><a href="http://finance.aol.com/quotes/e-i-du-pont-de-nemours-and-company/dd/nys"><strong>EI DuPont de Nemours &amp; Co.</strong></a> (NYSE: <a href="http://finance.aol.com/quotes/e-i-du-pont-de-nemours-and-company/dd/nys">DD</a>) <a href="http://www.bloggingstocks.com/2008/01/22/dupont-dd-trades-higher-following-fourth-quarter-earnings/">beat earnings expectations</a> even thought profits fell 37%. </li>
    <li><a href="http://finance.aol.com/quotes/e-trade-financial-corporation/etfc/nas"><strong>E*Trade Financial Corp.</strong></a> (NASDAQ: <a href="http://finance.aol.com/quotes/e-trade-financial-corporation/etfc/nas">ETFC</a>), posted a bigger-than-estimated <a href="http://www.bloggingstocks.com/2008/01/25/e-trade-in-spite-of-losses-investors-like-turnaround-plan/">fourth quarter loss</a>. </li>
    <li><a href="http://finance.aol.com/quotes/fifth-third-bancorp/fitb/nas"><strong>Fifth Third Bancorp.</strong></a> (NASDAQ: <a href="http://finance.aol.com/quotes/fifth-third-bancorp/fitb/nas">FITB</a>) <a href="http://www.bloggingstocks.com/2008/01/22/national-city-fifth-third-shares-up-despite-disappointing-resu/">missed estimates</a> on acquistion costs and a one-time charge. </li>
    <li><a href="http://finance.aol.com/quotes/ford-motor-company/f/nys"><strong>Ford Motor Co.</strong></a> (NYSE: <a href="http://finance.aol.com/quotes/ford-motor-company/f/nys">F</a>) <a href="http://www.bloggingstocks.com/2008/01/24/ford-f-falls-on-q4-earnings/">missed low expectations</a>, prompting further domestic cost reductions. </li>
    <li><a href="http://finance.aol.com/quotes/harley-davidson-inc/hog/nys"><strong>Harley-Davidson Inc.</strong></a> (NYSE: <a href="http://finance.aol.com/quotes/harley-davidson-inc/hog/nys">HOG</a>) <a href="http://www.bloggingstocks.com/2008/01/25/harley-davidson-hog-profit-slips-26-3-in-fourth-quarter/">profit declined</a> on weak domestic sales. </li>
    <li><a href="http://finance.aol.com/quotes/the-hershey-company/hsy/nys"><strong>Hershey Co.</strong></a> (NYSE: <a href="http://finance.aol.com/quotes/the-hershey-company/hsy/nys">HSY</a>) <a href="http://www.bloggingstocks.com/2008/01/24/high-dairy-costs-other-pressures-crimp-hersheys-hsy-earning/">profit sank</a> due to rising costs, competition, and management shakeups. </li>
    <li><strong><a href="http://finance.aol.com/quotes/honeywell-international-inc/hon/nys">Honeywell Internationl Inc.</a></strong> (NYSE: <a href="http://finance.aol.com/quotes/honeywell-international-inc/hon/nys">HON</a>) only <a href="http://www.bloggingstocks.com/2008/01/25/before-the-bell-amgn-java-cat-hon-hog/">met estimates</a>, despite growth in all business segments. </li>
    <li><a href="http://finance.aol.com/quotes/kimberly-clark-corporation/kmb/nys"><strong>Kimberly-Clark Corp.</strong></a> (NYSE: <a href="http://finance.aol.com/quotes/kimberly-clark-corporation/kmb/nys">KMB</a>) <a href="http://www.bloggingstocks.com/2008/01/24/thursday-earnings-recap-lennar-kimberly-clark-e-trade/">profit slipped</a> bet met expectations, due to increased paper costs. </li>
    <li><a href="http://finance.aol.com/quotes/lennar-corporation/len/nys"><strong>Lennar Corp.</strong></a> (NYSE: <a href="http://finance.aol.com/quotes/lennar-corporation/len/nys">LEN</a>) reported <a href="http://www.bloggingstocks.com/2008/01/24/thursday-earnings-recap-lennar-kimberly-clark-e-trade/">a record quarterly loss</a> due to the housing slump. </li>
    <li><a href="http://finance.aol.com/quotes/motorola-inc/mot/nys"><strong>Motorola Inc.</strong></a> (NYSE: <a href="http://finance.aol.com/quotes/motorola-inc/mot/nys">MOT</a>) <a href="http://www.bloggingstocks.com/2008/01/23/motorola-mot-fourth-quarter-profit-plunges-84-percent/">profit plunged</a> due to loss of market share, and it forcasts a first quarter loss. </li>
    <li><a href="http://finance.aol.com/quotes/national-city-corporation/ncc/nys"><strong>National City Corp.</strong></a> (NYSE: <a href="http://finance.aol.com/quotes/national-city-corporation/ncc/nys">NCC</a>) posted a <a href="http://www.bloggingstocks.com/2008/01/22/national-city-fifth-third-shares-up-despite-disappointing-resu/">bigger-than-expected loss</a>, but shares rose anyway. </li>
    <li><a href="http://finance.aol.com/quotes/pfizer-inc/pfe/nys"><strong>Pfizer Inc.</strong></a> (NYSE: <a href="http://finance.aol.com/quotes/pfizer-inc/pfe/nys">PFE</a>) <a href="http://www.bloggingstocks.com/2008/01/23/pfizer-net-income-plunges-70-but-profits-beat-expectations/">profit plunged, but beat estimates</a>, due to increased competition for generics. </li>
    <li><a href="http://finance.aol.com/quotes/ual-corporation/uaua/nas"><strong>UAL Corp.</strong></a> (NASDAQ: <a href="http://finance.aol.com/quotes/ual-corporation/uaua/nas">UAUA</a>) <a href="http://www.bloggingstocks.com/2008/01/22/tuesday-earnings-recap-johnson-and-johnson-ual/">narrowed its loss</a> despite rising fuel prices and holiday cancellations. </li>
    <li><a href="http://finance.aol.com/quotes/wachovia-corporation/wb/nys?tabs=quotesandnews"><strong>Wachovia Corp.</strong></a> (NYSE: <a href="http://finance.aol.com/quotes/wachovia-corporation/wb/nys?tabs=quotesandnews">WB</a>) <a href="http://www.bloggingstocks.com/2008/01/22/bank-of-america-wachovia-earnings-plunge/">earnings plunged 98%</a> due to home loan write-downs. </li>
    <li><a href="http://finance.aol.com/quotes/wellpoint-inc/wlp/nys"><strong>WellPoint Inc.</strong></a> (NYSE: <a href="http://finance.aol.com/quotes/wellpoint-inc/wlp/nys">WLP</a>) <a href="http://www.bloggingstocks.com/2008/01/23/abbott-labs-swings-to-profit-wellpoint-meets-estimates/">met earnings expectations</a> and reaffirmed its 2008 outlook. </li>
</ul><p><a href="http://www.bloggingstocks.com/2008/01/26/earnings-highlights-bank-of-america-ebay-ford-motorola-pfiz/" rel="bookmark">Continue reading <em>Earnings highlights: Bank of America, eBay, Ford, Motorola, Pfizer, and others</em></a></p><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.bloggingstocks.com/2008/01/26/earnings-highlights-bank-of-america-ebay-ford-motorola-pfiz/">Earnings highlights: Bank of America, eBay, Ford, Motorola, Pfizer, and others</a> originally appeared on <a href="http://www.bloggingstocks.com">BloggingStocks</a> on Sat, 26 Jan 2008 15:10:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.bloggingstocks.com/2008/01/26/earnings-highlights-bank-of-america-ebay-ford-motorola-pfiz/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/forward/1097243/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2008/01/26/earnings-highlights-bank-of-america-ebay-ford-motorola-pfiz/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>Aaron Katsman</category><category>Altria</category><category>Amazon.com</category><category>American Express</category><category>AMZN</category><category>AT and T</category><category>AXP</category><category>BA</category><category>BAC</category><category>Bank of America</category><category>Boeing</category><category>DAL</category><category>DD</category><category>Delta</category><category>DuPont</category><category>E*Trade</category><category>earnings</category><category>EBAY</category><category>ETFC</category><category>Exxon Mobil</category><category>Fifth Third</category><category>FITB</category><category>Ford</category><category>Georges Yared</category><category>GOOG</category><category>Google</category><category>HAL</category><category>Halliburton</category><category>Harley-Davidson</category><category>Hershey</category><category>HOG</category><category>HON</category><category>Honeywell</category><category>HSY</category><category>Jim Cramer</category><category>Kimberly-Clark</category><category>KMB</category><category>LEN</category><category>Lennar</category><category>MCD</category><category>McDonald's</category><category>MO</category><category>MOT</category><category>Motorola</category><category>National City</category><category>NCC</category><category>Peter Cohan</category><category>PFE</category><category>Pfizer</category><category>PG</category><category>Procter and Gamble</category><category>SBUX</category><category>Starbucks</category><category>UAL</category><category>UAUA</category><category>UPS</category><category>Verizon</category><category>VZ</category><category>Wachovia</category><category>WB</category><category>WellPoint</category><category>WLP</category><category>XOM</category><category>Yahoo!</category><category>YHOO</category><dc:creator><![CDATA[Trey Thoelcke]]></dc:creator><pubDate>Sat, 26 Jan 2008 15:10:00 EST</pubDate></item></channel></rss>
