BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Closing Bell: Bulls and GSE Bailout Plans succumb to 'Sell, Sell, Sell"]]>http://www.bloggingstocks.com/2008/07/14/closing-bell-bulls-and-gse-bailout-plans-succumb-to-sell-sell/http://www.bloggingstocks.com/2008/07/14/closing-bell-bulls-and-gse-bailout-plans-succumb-to-sell-sell/http://www.bloggingstocks.com/2008/07/14/closing-bell-bulls-and-gse-bailout-plans-succumb-to-sell-sell/#commentsFiled under: , , ,

Today would be described as being choppy disappointment at best. The markets started out strong on a government bailout proposal for GSE's but traders went right back to shorting financials on big gap ups. After today, we'll get major earnings reports coming on a non-stop basis and tomorrow we'll also start to see some key data around producer prices tomorrow morning. Here are today's unofficial closing bell levels:
DJIA 11,052.10 (-48.44)
S&P500 1,228.02 (-11.46)
NASDAQ 2,212.87 (-26.21)
10YR T-Note 3.88% (-0.06%)
52-WEEK LOWS
TOP ANALYST UPGRADES
TOP ANALYST DOWNGRADES

Anheuser-Busch Companies, Inc. (NYSE: BUD) saw a gain as the company finally capitulated and agreed to be acquired now that InBev boosted its buyout offer price to $70.00 from $65.00.

Continue reading Closing Bell: Bulls and GSE Bailout Plans succumb to 'Sell, Sell, Sell"

Closing Bell: Bulls and GSE Bailout Plans succumb to 'Sell, Sell, Sell" originally appeared on BloggingStocks on Mon, 14 Jul 2008 16:12:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>cardiomeGSErepublic servicesRepublicServicesvernakalantwaste managementWasteManagementMon, 14 Jul 2008 16:12:00 EST<![CDATA[Closing bell: Only a fraction of a disaster]]>http://www.bloggingstocks.com/2008/03/17/closing-bell-only-a-fraction-of-a-disaster/http://www.bloggingstocks.com/2008/03/17/closing-bell-only-a-fraction-of-a-disaster/http://www.bloggingstocks.com/2008/03/17/closing-bell-only-a-fraction-of-a-disaster/#commentsFiled under: , , ,

While there was economic data today, everyone knew what today was about: the imploding takeunder of The Bear Stearns Companies, Inc. (NYSE: BSC). While the markets were down miserably in pre-market trading, the U.S. did much better than overseas markets. Also, oil came down significantly closing out down $4.21 at $106.00. In fact, if you watched the news last night as the big "takeunder" became formalized, you really wouldn't believe the tape today. The NY Empire Manufacturing index for March came in at -22.2, down from the -11.7 reading in February; and Industrial Production for February came in at -0.5%, down from -0.1% in the prior reading. Below are the unofficial closes:
  • DJIA 11,972.25 (+21.16; +0.18%)
  • S&P500 1,276.60 (-11.54; -0.90%)
  • NASDAQ 2,177.01 (-35.48; -1.60%)
  • 10YR-TBond 3.314% (-0.107%)
As JPMorgan Chase & Co. (NYSE: JPM) is getting most of these assets on the cheap, it was the standout of DJIA components today with a large rise of 10.3% to $40.31. But here are the ones that Wall Street is most scared about, and you'll see it in the price. Bear Stearns (NYSE: BSC) also rubbed off on other banks and brokers that were leveraged:

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Closing bell: Only a fraction of a disaster originally appeared on BloggingStocks on Mon, 17 Mar 2008 17:12:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>CardiomeCRMECSXGMLEHMFUBSMon, 17 Mar 2008 17:12:00 EST