WWW - Posts tagged WeekdayTrader at BloggingStocks

WeekdayTrader posts

Newspaper wrap-up: Fed rumored to be cutting rates shortly

Posted Aug 17th 2007 9:20AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Wal-Mart (WMT), Citigroup Inc. (C), Sprint Nextel Corp (S), Merck and Co (MRK), Lilly (Eli) (LLY)

MAJOR PAPERS:

Barron's Online's (subscription required) "Weekday Trader" suggest investing in several pharmaceutical names during the stock market woes, including Merck & Co Inc (NYSE: MRK), Eli Lilly & Co (NYSE: LLY) and Schering Plough Corporation (NYSE: SGP).
Speculation intensified that the Federal Reserve is going to cut interest rates shortly, and moreover, some are suggesting that it already has cut them stealthily, reported the Wall Street Journal (subscription required).
Sprint Nextel Corporation (NYSE: S) will spend $5B on WiMAX through 2010, reported the Wall Street Journal.
Wal-Mart Stores Inc (NYSE: WMT) is considering smaller, higher-end stores for introduction early next year, reported the Wall Street Journal.

OTHER PAPERS:

The CEO of Deutsche Telekom (NYSE: DT) , René Obermann, called for the European mobile phone networks to be consolidated, reported the Independent.
Citigroup Incorporated (NYSE: C) is believed to be negotiating the purchase of a European pension plan worth about GBP200M, reported the U.K. Times.
U.S. Treasury Secretary Henry Paulson said the economy and markets are "resilient," and can absorb any losses from the recent market instability, and has not raised the possibility of policy changes to deal with the markets' problems, reported the New York Times.

Newspaper wrap-up: Kraft (KFT) looking to sell Post cereals

Posted Aug 16th 2007 9:15AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, PepsiCo (PEP), Goldman Sachs Group (GS), EMC Corp (EMC), Kraft Foods'A' (KFT)

MAJOR PAPERS:

The Wall Street Journal (subscription required) reported that Treasury Secretary Henry Paulson said that the downturn "will extract a penalty on the growth rate" and that "the economy and the markets are strong enough to absorb the losses" without starting a recession.
Kraft Foods Inc (NYSE: KFT) is said to be looking for a buyer of its Post cereal business, and PepsiCo Inc's (NYSE: PEP) name has come up as a possible buyer, reported the Wall Street Journal.
KKR Financial Holdings, a real estate affiliate of Kohlberg Kravis Roberts & Co., wants to delay a $5B repayment in short term debt held by about 15 investors that includes money market funds, and hitting hard at the commercial paper market, reported the Wall Street Journal.
Goldman Sachs Group Inc (NYSE: GS) and Deutsche Bank AG (NYSE: DB) have withdrawn their commitments to underwrite up to $1B to finance films for Metro-Goldwyn-Mayer because of the tightening of the credit markets, reported the Financial Times (subscription required).
Investors buying EMC Corporation (NYSE: EMC), which owns 86% VMware Inc (NYSE: VMW) , on the dip could get a cool 40% discount to VMware's hot shares, effectively buying VMware's 84 cents per share in earnings next year at a P/E of just 42 times, versus the 67 times multiple the market is paying for VMware shares outright, reported the Barron's Online (subscription required) "Weekday Trader" column.

Chipotle's stock heading south of the border

Posted Aug 9th 2007 4:15PM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Chipotle Mexican Grill'A' (CMG)

Fast food Mexican restaurant Chipotle Mexican Grill Inc (NYSE: CMG), a spin-off of McDonald's Corporation (NYSE: MCD), is down a little over 2% today after a negative Barron's Online article.

The Barron's "Weekday Trader" article stated that after hitting an all-time high yesterday, the stock is due to fall. It cites two downgrades of Chipotle from earlier this summer, the rise in the prices of ingredients, and the fact that Americans are eating out less.

With as much market uncertainty as we are seeing, and the fear the uncertainty is causing among investors, stocks trading at such high multiples -- such as Chipotle's 54x 2007 P/E ratio, are due to fall. The only question now is -- how far?

Editor's Note: Special shout out to BloggingStocks' own Georges Yared, who is quoted in the Barron's article.

Newspaper wrap-up 7-26-07: Berkshire invests in Kraft

Posted Jul 26th 2007 9:15AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Coca-Cola (KO), Berkshire Hathaway (BRK.A), New York Times'A' (NYT), , Kraft Foods'A' (KFT)

MAJOR PAPERS:

Warren Buffett's Berkshire Hathaway Inc (NYSE: BRK.A) acquired a stake in Kraft Foods Inc (NYSE: KFT) that was below 5%, the Wall Street Journal (subscription required) reported.
R.H. Donnelley Corporation (NYSE: RHD) has paid about $350M for Business.com, the marketing directory Web company, beating out Dow Jones & Co. (NYSE: DJ) and the New York Times Company (NYSE: NYT) in the process, according to the Wall Street Journal.
Callaway Golf Company (NYSE: ELY), which closed Wednesday at about $17.42, could swing lower as the peak summer season wanes amid continued concern about overall consumer discretionary spending, according to Barron's Online's (subscription required) "Weekday Trader" section.

OTHER PAPERS:

The U.K. Times reported that the global debt market crisis may delay or cancel the sale of Cadbury Schweppes plc's (NYSE: CSG) U.S. drinks arm.
Coca-Cola (NYSE: KO), Wipro Limited (NYSE: WIT) and Danone are in talks with Ramesh Chauhan to buy Bisleri, the bottled water brand that has become a generic name for the product category, reported the Economic Times.

Newspaper wrap-up 6-08-07: NBC to play live ads

Posted Jun 8th 2007 9:30AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Internet, General Electric (GE)

MAJOR PAPERS:

Barron's Online's (subscription required) "Weekday Trader" wrote that NYC tax medallion financier and owner Medallion Financial Corp (NASDAQ: TAXI) is a play on the rising value of the New York City's taxi medallions, currently worth $600K each.
The Wall Street Journal (subscription required) reported that General Electric Company's (NYSE: GE) NBC next week will use a 1950s standard, live advertisements, to keep viewers watching commercials in the age of digital video recorders.

OTHER PAPERS:

Whirlpool Corporation (NYSE: WHR) will cut over 700 jobs at two Tennessee plants, reported the Associated Press.
The U.K. Times has learned that food service company Sysco Corporation (NYSE: SYY) will bid for British food company Brake Bros, which has also drawn interest from Archie Norman and Blackstone.
From BusinessWeek's "Inside Wall Street" section:

Without belittling the challenge Siemens AG (NYSE: SI) faces from its bribery scandal, investors will now start paying attention to the company's earnings, according to Michael Hagmann of UBS.
MCF Corporation (NYSE: MEM) is a small financial services operation with a cheap price, given its 50% annual growth rate, said Scott Potter of San Francisco Equity Partners.
John Maloney, president of M&R Capital Management, sees National Bank of Greece (NYSE: NBG) benefiting from the booming economies of Southeastern Europe.

Newspaper wrap-up 6-07-07: Brad Tierney interested in Dow Jones

Posted Jun 7th 2007 9:17AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Internet, Google (GOOG), Microsoft (MSFT), News Corp'B' (NWS), , BHP Billiton Ltd ADR (BHP)

MAJOR PAPERS:

Barron's Online's "Weekday Trader" section said that Bankrate Inc (NASDAQ: RATE), Answers Corporation (NASDAQ: ANSW), WebMD Health Corp (NASDAQ: WBMD) and The Knot Inc (NASDAQ: KNOT) may be the next preferred takeover targets for Google Inc (NASDAQ: GOOG) and Microsoft Corporation (NASDAQ: MSFT).
The Wall Street Journal reported that Brad Tierney is interested in Dow Jones and Company (NYSE: DJ), which in talks with News Corporation's (NYSE: NWS) Rupert Murdoch for a possible $5B sale.
According to the Wall Street Journal, citing a person close to the deal, Deutsche Telekom (NYSE: DT) will acquire the Orange Netherlands unit of France Telecom for about EUR1.3B, and simultaneously sell Ya.com for EUR320M to them.
The Financial Times reported that three separate research teams showed the embryonic stem cells can be created by reprogramming some of the genes in adult mice skin cells, without creating an embryo. The news will be well-received by opponents of embryonic stem cell research, but scientists said it is too early to tell if the technique can be used with human cells.

OTHER PAPERS:

The Herald Sun reported that a new $237B Chinese state-owned investment fund may be interested in acquiring natural resources company BHP Billiton Limited (NYSE: BHP), according to Bell Potter research chief Peter Quinton.

Newspaper wrap-up 5-30-07: Bush taps Robert Zoellick to head World Bank

Posted May 30th 2007 9:04AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Pfizer (PFE)

MAJOR PAPERS:

The Wall Street Journal reported that President Bush picked former advisor Robert Zoellick to take over the World Bank from Paul Wolfowitz; Mr. Zoellick, now a vice chairman at Goldman Sachs Group Inc (NYSE: GS), was a trade representative and deputy secretary of state.
The Institutional Shareholder Service has advised shareholders of medical device maker Biomet Inc (NASDAQ: BMET) to turn down a $10.9B private equity deal for the company, according to the Wall Street Journal.
The Financial Times reported that the IntercontinentalExchange Inc (NYSE: ICE) has signed an exclusive deal with the CBOT Holdings Inc (NYSE: BOT), a move that could advance ICE's unsolicited bid for the Chicago Board of Trade.
Rather than focus on potential take-out targets, Barron's Online's "Weekday Trader" said that the smart bet for investors is to focus on companies with rising profits, cash flows and dividends, such as Loews Corp-Carolina Group (NYSE: CG) and Imperial Tobacco Group plc (NYSE: ITY), which boast free cash and dividends.

OTHER PAPERS:

Best Buy Co Inc (NYSE: BBY) is in talks with Vivek for a "foray" into India, the Economic Times reported.
The Washington Post reported that Nigeria filed criminal charges against Pfizer Inc (NYSE: PFE) over child deaths.