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[Analyst Calls: AA, AMD, AMR, AZN, CIT, GSK, HPQ, M, NVDA, PCX, SPWRA ...]]>http://www.bloggingstocks.com/2011/01/11/analyst-upgrades-downgrades/http://www.bloggingstocks.com/2011/01/11/analyst-upgrades-downgrades/http://www.bloggingstocks.com/2011/01/11/analyst-upgrades-downgrades/#commentsFiled under: , , , , , , ,

Analyst Upgrades

  • Hewlett-Packard (HPQ) to buy from neutral at UBS.
  • Fluor (FLR) to overweight from neutral at JPMorgan.
  • Macy's (M) to outperform from neutral at Credit Suisse.
  • Canadian Solar (CSIQ), JA Solar (JASO) and HeartWare (HTWR) to buy from hold at Auriga.
  • Ashford Hospitality (AHT) to outperform from market perform at FBR Capital.
  • RenaissanceRe (RNR) to buy from neutral at Janney Capital.
  • DCT Industrial (DCT) to market perform from underperform at Wells Fargo.
  • Coeur d'Alene Mines (CDE) and Silver Standard (SSRI) to buy from hold at Deutsche Bank.
  • Weatherford (WFT), Hercules (HERO), GulfMark Offshore (GLF), Tidewater (TDW) and GlaxoSmithKline (GSK) to buy from hold, and Diamond Offshore (DO) to hold from underperform, at Jefferies.
  • Ritchie Bros. (RBA) to buy from neutral at BofA/Merrill.
  • AstraZeneca (AZN) to buy from hold at Citigroup.

Continue reading Analyst Calls: AA, AMD, AMR, AZN, CIT, GSK, HPQ, M, NVDA, PCX, SPWRA ...

Analyst Calls: AA, AMD, AMR, AZN, CIT, GSK, HPQ, M, NVDA, PCX, SPWRA ... originally appeared on BloggingStocks on Tue, 11 Jan 2011 11:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AAACIAHTAlcoaAMDAMRanalyst upgradesAstraZenecaAYIAZNCDECITCSIQDCTDiamond OffshoreDOdowngradesFLRFluorFXCMGlaxoSmithKlineGLFGSKGulfMarkHEROHewlett-PackardHPQHYWRinitiationsinthenewsJASOLPXMMacysMassey EnergyMEEMindspeedMSPDMTNNVDANvidiaPanera BreadPatriot CoalPDEPNRARBARNRSeadrillSPWRASSRISunPowerTDWTexas RoadhouseTidewaterTXRHVail ResortsWFTWLTTue, 11 Jan 2011 11:00:00 EST<![CDATA[Closing Bell: Preparing for Earnings, with Bonds Closed (GYMB, ALXA, IBM, DLTR, CIT, POT)]]>http://www.bloggingstocks.com/2010/10/11/closing-bell-preparing-for-earnings-with-bonds-closed-gymb-a/http://www.bloggingstocks.com/2010/10/11/closing-bell-preparing-for-earnings-with-bonds-closed-gymb-a/http://www.bloggingstocks.com/2010/10/11/closing-bell-preparing-for-earnings-with-bonds-closed-gymb-a/#commentsFiled under: , ,

With bonds closed and banks closed, equities here in the U.S. had a hard time trying to decide which direction the wind was blowing. The DJIA 11,000 mark was flirted with again in afternoon trading, this time on the downside on what appears to have been a positive close. Some M&A was a help, but investors used today and will likely use tomorrow to determine how they want to be positioned as earnings season kicks off.

Here were today's unofficial closing levels:

Dow Jones 11,008.59 +2.11 (0.02%)
S&P 500 1,165.04 -0.11 (-0.01%)
Nasdaq 2,402.33 +0.42 (0.02%)

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Continue reading Closing Bell: Preparing for Earnings, with Bonds Closed (GYMB, ALXA, IBM, DLTR, CIT, POT)

Closing Bell: Preparing for Earnings, with Bonds Closed (GYMB, ALXA, IBM, DLTR, CIT, POT) originally appeared on BloggingStocks on Mon, 11 Oct 2010 16:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>alexzaCITDLTRdollar treeFDAGYMBgymboreeIBMPOTpotashMon, 11 Oct 2010 16:30:00 EST<![CDATA[Analyst Calls: AAPL, BCSI, CIT, MEE, POT, RIMM, SAN, SKS, TOO ...]]>http://www.bloggingstocks.com/2010/09/01/analyst-upgrades-downgrades/http://www.bloggingstocks.com/2010/09/01/analyst-upgrades-downgrades/http://www.bloggingstocks.com/2010/09/01/analyst-upgrades-downgrades/#commentsFiled under: , , , , ,

Analyst Upgrades

  • HSBC upgraded Massey Energy (MEE) to overweight from neutral based on improved 2011 pricing power given industry supply-side discipline. Despite the upgrade, the firm cuts its price target to $40 from $54.
  • Needham upgraded Blue Coat Systems (BCSI) to buy from hold following yesterday's announcement that Michael J. Borman has been named the new CEO. The firm has a $27 price target on the stock.
  • Citigroup upgraded Teekay Offshore Partners (TOO) to buy from hold after the company announced shuttle tanker contracts to reflect improved operating performance. The firm raised its target for shares to $26 from $15.
  • Prosperity Bancshares (PRSP) was upgraded to equal weight from underweight at Morgan Stanley.
  • Ceradyne (CRDN) was upgraded to buy from hold at Benchmark Co.
  • CTC Media (CTCM) was upgraded to buy from hold at Deutsche Bank.

Continue reading Analyst Calls: AAPL, BCSI, CIT, MEE, POT, RIMM, SAN, SKS, TOO ...

Analyst Calls: AAPL, BCSI, CIT, MEE, POT, RIMM, SAN, SKS, TOO ... originally appeared on BloggingStocks on Wed, 01 Sep 2010 11:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AAPLACLanalyst upgradesASXBCHBCSIBlue CoatCAGCCFCITCRDNCTCMdowngradesECLPinitiationsinthenewsKOPMassey EnergyMEEPOTPotashPRSPResearch In MotionRIMMSaksSANSKSSPILTeekayTOOWed, 01 Sep 2010 11:40:00 EST<![CDATA[Analyst Calls: CIT, CRS, DLM, DRIV, HP, NVO, OXGN, SAI, WLP ...]]>http://www.bloggingstocks.com/2010/03/31/analyst-calls/http://www.bloggingstocks.com/2010/03/31/analyst-calls/http://www.bloggingstocks.com/2010/03/31/analyst-calls/#commentsFiled under: , ,

Analyst Upgrades

  • FBR Capital upgraded Digital River (DRIV) to outperform from market perform on expectations the company's business activity is improving. The firm raised its price target for shares to $36 from $25.
  • Cowen upgraded Carpenter Technology (CRS) to outperform from neutral, citing expectations for a restocking turnaround for the upgrade.
  • Och-Ziff Capital (OZM) was upgraded to outperform from market perform at William Blair.
  • Wellpoint (WLP) was upgraded to outperform from market perform at BMO Capital.
  • Kohlberg Capital (KCAP) was upgraded to hold from sell at Stifel Nicolaus.

Continue reading Analyst Calls: CIT, CRS, DLM, DRIV, HP, NVO, OXGN, SAI, WLP ...

Analyst Calls: CIT, CRS, DLM, DRIV, HP, NVO, OXGN, SAI, WLP ... originally appeared on BloggingStocks on Wed, 31 Mar 2010 11:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AECanalyst upgradesBNPQYCITDLMdowngradesDRIVinitiationsinthenewsKCAPNVOOXGNOZMPEGPSYSWLPWPCWed, 31 Mar 2010 11:00:00 EST<![CDATA[CIT Group to Repay 'High-Cost' Debt]]>http://www.bloggingstocks.com/2010/02/09/cit-group-to-repay-high-cost-debt/http://www.bloggingstocks.com/2010/02/09/cit-group-to-repay-high-cost-debt/http://www.bloggingstocks.com/2010/02/09/cit-group-to-repay-high-cost-debt/#commentsFiled under:

Late Monday, the Board of Directors at CIT Group (CIT) announced that it plans to repay $750 million of what it terms "high-cost" debt. The first part of this payment will be made Tuesday, totaling $750 million of its $7.5 billion first lien credit facility.

The repayment will come on a pro rata basis among the outstanding tranches, and it will be subject to a 2% payment premium. The company will prepay this debt from its available company cash, which is more than $5 billion.

Continue reading CIT Group to Repay 'High-Cost' Debt

CIT Group to Repay 'High-Cost' Debt originally appeared on BloggingStocks on Tue, 09 Feb 2010 09:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>CITCIT GroupCitGroupinthenewsJohn ThainJohnThainMerrill LynchMerrillLynchTue, 09 Feb 2010 09:20:00 EST<![CDATA[John Thain Takes the Top Spot at CIT Group]]>http://www.bloggingstocks.com/2010/02/08/john-thain-takes-the-top-spot-at-cit-group/http://www.bloggingstocks.com/2010/02/08/john-thain-takes-the-top-spot-at-cit-group/http://www.bloggingstocks.com/2010/02/08/john-thain-takes-the-top-spot-at-cit-group/#commentsFiled under: , , , ,

John Thain -- whom you may recall as the man who presided over the spectacular implosion of Merrill Lynch -- is looking to have some new business cards printed up. Over the weekend, CIT Group (CIT) officially announced that its board of directors has elected Thain as chairman and CEO.

Due to his controversial past, the decision to elect Thain wasn't an easy one. After shelling out a small fortune to tart up his office digs at Merrill Lynch -- and doling out lofty bonuses amid the bank's hasty takeover by Bank of America (BAC) -- Thain became something of a poster boy for Wall Street excesses.

Continue reading John Thain Takes the Top Spot at CIT Group

John Thain Takes the Top Spot at CIT Group originally appeared on BloggingStocks on Mon, 08 Feb 2010 11:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>BACBank of AmericaBankOfAmericaCITCIT GroupinthenewsJohn ThainMerrill LynchoptionsMon, 08 Feb 2010 11:00:00 EST<![CDATA[Will private equity take down the economy?]]>http://www.bloggingstocks.com/2009/11/03/will-private-equity-take-down-the-economy/http://www.bloggingstocks.com/2009/11/03/will-private-equity-take-down-the-economy/http://www.bloggingstocks.com/2009/11/03/will-private-equity-take-down-the-economy/#commentsFiled under: , , , ,

Over the past decade we seen at least $1 trillion dollars spent by private equity firms. These firms have taken over companies for a pittance and then pillaged them by slashing employees and cutting costs. They then used the money to pay down debt rather than rebuilding the company.

Now all of the debt thrown on the acquired companies is coming due and it could cause another economic disaster, even bring down the economy.

Continue reading Will private equity take down the economy?

Will private equity take down the economy? originally appeared on BloggingStocks on Tue, 03 Nov 2009 13:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bailoutsBlackstoneBXCITHilton HotelsinthenewsJosh Kosmannext criisisprivate equity debtTravelportTue, 03 Nov 2009 13:30:00 EST<![CDATA[Closing Bell: late-day greed trumped fear (CIT, RIMM, HGSI, MSFT, ETFC) ]]>http://www.bloggingstocks.com/2009/11/02/closing-bell-late-day-greed-trumped-fear-cit-rimm-hgsi-msft/http://www.bloggingstocks.com/2009/11/02/closing-bell-late-day-greed-trumped-fear-cit-rimm-hgsi-msft/http://www.bloggingstocks.com/2009/11/02/closing-bell-late-day-greed-trumped-fear-cit-rimm-hgsi-msft/#commentsToday was a whip-around day. All day. Despite better construction and better manufacturing employment data, the markets looked like they were trying to roll over again before the end of day rally took stocks back up on the day. It seems that bargain hunters won over the fear that was felt earlier this afternoon.

Here were today's unofficial closing bell levels:

Dow 9,789.21 +76.48 (0.79%)
S&P 500 1,042.82 +6.63 (0.64%)
Nasdaq 2,049.20 +4.09 (0.20%)

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Continue reading Closing Bell: late-day greed trumped fear (CIT, RIMM, HGSI, MSFT, ETFC)

Closing Bell: late-day greed trumped fear (CIT, RIMM, HGSI, MSFT, ETFC) originally appeared on BloggingStocks on Mon, 02 Nov 2009 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>CITETFCHGSIlupusMSFTRIMMsteve ballmerSteveBallmerMon, 02 Nov 2009 16:00:00 EST<![CDATA[Serious Money: Jumpy stock market but Special 'K' doing fine]]>http://www.bloggingstocks.com/2009/11/02/serious-money-jumpy-stock-market-but-special-k-doing-fine/http://www.bloggingstocks.com/2009/11/02/serious-money-jumpy-stock-market-but-special-k-doing-fine/http://www.bloggingstocks.com/2009/11/02/serious-money-jumpy-stock-market-but-special-k-doing-fine/#commentsFiled under: , , , , , , , , , ,

What a week it was and it is starting off with more of the same! The day before Halloween the market gets spooked. The Dow drops 200 one day, rises 200 the next, and falls 250 to close the week. Yes, financial pundits could point to meaningful stories about the dollars rise, consumer spending sagging, the recession ending and so forth to explain market reactions but there is more to it than that.

Even among the 15 positions discussed in Where should granny put $50,000? only the Vanguard Total Bond Market exchange-traded fund (NYSE: BND) and the Kellogg Co (NYSE: K) were up last Friday. Good thing I advised "granny" to put half her funds in the ETF.

Continue reading Serious Money: Jumpy stock market but Special 'K' doing fine

Serious Money: Jumpy stock market but Special 'K' doing fine originally appeared on BloggingStocks on Mon, 02 Nov 2009 14:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>BNDCITFfeaturedford motor co.FordMotorCo.Kkellogg companyKelloggCompanyserious moneySeriousMoneysheldon liberSheldonLiberTotal Bond FundTotalBondFundVanguardMon, 02 Nov 2009 14:20:00 EST<![CDATA[Taxpayers are, once again, the biggest losers in the CIT bankruptcy]]>http://www.bloggingstocks.com/2009/11/02/taxpayers-are-once-again-the-biggest-losers-in-the-cit-bankrup/http://www.bloggingstocks.com/2009/11/02/taxpayers-are-once-again-the-biggest-losers-in-the-cit-bankrup/http://www.bloggingstocks.com/2009/11/02/taxpayers-are-once-again-the-biggest-losers-in-the-cit-bankrup/#commentsFiled under: ,

CIT Group (NYSE: CIT) has filed for bankruptcy -- which will lead to the wipeout of the United States taxpayers' $2.3 billion "investment" in the company.

At least, it was billed as an investment at the time, which it was, in the same way that lending your crack junkie cousin beer money is an investment.

"The decision to proceed with our plan of reorganization will allow CIT to continue to provide funding to our small business and middle market customers, two sectors that remain vitally important to the U.S. economy," Jeffrey M. Peek, CIT's Chairman and CEO, said in a statement. "This market-based solution allows CIT to enter into the reorganization process well-prepared and positioned for a swift emergence."

Continue reading Taxpayers are, once again, the biggest losers in the CIT bankruptcy

Taxpayers are, once again, the biggest losers in the CIT bankruptcy originally appeared on BloggingStocks on Mon, 02 Nov 2009 11:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>BailoutsBankruptcyCITCIT GroupCitGroupfeaturedMon, 02 Nov 2009 11:00:00 EST<![CDATA[Cramer on BloggingStocks: Assigning blame after Friday's market plunge]]>http://www.bloggingstocks.com/2009/11/02/cramer-on-bloggingstocks-assigning-blame/http://www.bloggingstocks.com/2009/11/02/cramer-on-bloggingstocks-assigning-blame/http://www.bloggingstocks.com/2009/11/02/cramer-on-bloggingstocks-assigning-blame/#commentsFiled under: , , , , , , ,

TheStreet.com's Jim Cramer wonders whether the big selloff was caused by anxious managers locking in profits.

What happens if it is was mostly lock-in action? What if the big themes that everyone so feared weren't so big, and that the selloff -- so ugly, with so much damage -- was just technical and remains that way?

Besides my oft-repeated statement that I don't expect a pullback to exceed 7%, I think this market didn't make a lot of sense last week.

Here were the big themes: dollar getting stronger, causing a decline in minerals and resources; industrials faltering; recession stocks roaring back.

Continue reading Cramer on BloggingStocks: Assigning blame after Friday's market plunge

Cramer on BloggingStocks: Assigning blame after Friday's market plunge originally appeared on BloggingStocks on Mon, 02 Nov 2009 10:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ccitdnreacfeaturedgisjim cramerJimCramerkkopepskfMon, 02 Nov 2009 10:00:00 EST<![CDATA[Closing Bell: Just tricks, no treats (CIT, XOM, C, NVTL, RVSN, CSCO)]]>http://www.bloggingstocks.com/2009/10/30/closing-bell-just-tricks-no-treats-cit-xom-c-nvtl-rvsn-c/http://www.bloggingstocks.com/2009/10/30/closing-bell-just-tricks-no-treats-cit-xom-c-nvtl-rvsn-c/http://www.bloggingstocks.com/2009/10/30/closing-bell-just-tricks-no-treats-cit-xom-c-nvtl-rvsn-c/#commentsFiled under: , ,

Today was mired by awful spending and income data as many are actually now not believing that high GDP figure from yesterday. Earnings were virtually the same as earnings tend to beat estimates but because of cost cutting.

Here were today's unofficial closing bell levels:

Dow 9,710.54 -252.04 (-2.53%)
S&P 500 1,036.01 -30.10 (-2.82%)
Nasdaq 2,045.11 -52.44 (-2.50%)

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Continue reading Closing Bell: Just tricks, no treats (CIT, XOM, C, NVTL, RVSN, CSCO)

Closing Bell: Just tricks, no treats (CIT, XOM, C, NVTL, RVSN, CSCO) originally appeared on BloggingStocks on Fri, 30 Oct 2009 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>CCITCSCOfeaturedNVTLRVSNXOMFri, 30 Oct 2009 16:00:00 EST<![CDATA[Closing Bell: The big giveback (ADUS, CIT, GRMN, ILMN, LVLT, PALM)]]>http://www.bloggingstocks.com/2009/10/28/closing-bell-the-big-giveback-adus-cit-grmn-ilmn-lvlt-pal/http://www.bloggingstocks.com/2009/10/28/closing-bell-the-big-giveback-adus-cit-grmn-ilmn-lvlt-pal/http://www.bloggingstocks.com/2009/10/28/closing-bell-the-big-giveback-adus-cit-grmn-ilmn-lvlt-pal/#commentsFiled under: ,

Maybe it was the dollar rising earlier, maybe it was poor housing data from a drop in new home sales. Maybe they wanted more than a marginally positive durable goods reading. Maybe it was that oil inventory is back up. And then there is the notion that stocks have just gotten too far ahead of themselves and there were reports of a large strategist cutting GDP targets. But investors sold religiously today ahead of tomorrow's GDP figure.

Here were today's closing bell levels:

Dow 9,762.69 -119.48 (-1.21%)
S&P 500 1,042.63 -20.78 (-1.95%)
Nasdaq 2,059.61 -56.48 (-2.67%)

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Continue reading Closing Bell: The big giveback (ADUS, CIT, GRMN, ILMN, LVLT, PALM)

Closing Bell: The big giveback (ADUS, CIT, GRMN, ILMN, LVLT, PALM) originally appeared on BloggingStocks on Wed, 28 Oct 2009 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>addus homecareAddusHomecareADUSCITdebt exchangeDebtExchangegarmingoogle navGoogleNavGRMNilluminaILMNLVLTPALMWed, 28 Oct 2009 16:00:00 EST<![CDATA[Closing Bell: Market Indices retreat on manufacturing, employment, petroleum data (CIT, DSCO, MU, PZE & AMSC)]]>http://www.bloggingstocks.com/2009/09/30/closing-bell-market-indices-retreat-on-manufacturing-employmen/http://www.bloggingstocks.com/2009/09/30/closing-bell-market-indices-retreat-on-manufacturing-employmen/http://www.bloggingstocks.com/2009/09/30/closing-bell-market-indices-retreat-on-manufacturing-employmen/#commentsFiled under: , , , ,

The Dow Jones Industrial average jumped about 125 points on Monday but has given back about two-thirds of that gain through trading so far today. The story with the S&P 500 index is similar, though not quite so severe: a giveback of about a quarter of Monday's gain. The NASDAQ Composite index is doing better, up about 3% so far today, to remain virtually even with Monday's gains. The indices are slowly gaining back some ground lost earlier this morning, so by the close of trading today, the markets could show a small gain.

Here are the numbers:

Dow 9,712.28 -29.92 (-0.31%)
S&P 500 1,057.07 -3.54 (-0.33%)
Nasdaq 2,122.42 -1.62 (-0.08%)

Continue reading Closing Bell: Market Indices retreat on manufacturing, employment, petroleum data (CIT, DSCO, MU, PZE & AMSC)

Closing Bell: Market Indices retreat on manufacturing, employment, petroleum data (CIT, DSCO, MU, PZE & AMSC) originally appeared on BloggingStocks on Wed, 30 Sep 2009 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AMSCCITDSCOMUPZEsurfaxinWed, 30 Sep 2009 16:00:00 EST<![CDATA[Closing Bell: Housing, consumer confidence deliver lukewarm trading (CIT, C, BAC, ACS, XRX, SQNM & RIMM)]]>http://www.bloggingstocks.com/2009/09/29/closing-bell-housing-consumer-confidence-deliver-lukewarm-trad/http://www.bloggingstocks.com/2009/09/29/closing-bell-housing-consumer-confidence-deliver-lukewarm-trad/http://www.bloggingstocks.com/2009/09/29/closing-bell-housing-consumer-confidence-deliver-lukewarm-trad/#commentsFiled under: , , , , , , , , ,

Out of the chute this morning, the S&P/Case-Shiller index rose 1.2% in July and gave the market a nice uptick for a while. Then came the report from the Conference Board that its consumer confidence index for September fell to 53.1 from 54.5 in August. What was worse is that economists had estimated a rise to 57 for the month. The soft confidence number is almost certainly due to people worried about losing their jobs. Right now, it could be that traders are waiting for Friday's unemployment report before jumping one way or the other. The negative news won out and the indexes traded down most of the day.

The numbers:

Dow

S&P 500

Nasdaq

Continue reading Closing Bell: Housing, consumer confidence deliver lukewarm trading (CIT, C, BAC, ACS, XRX, SQNM & RIMM)

Closing Bell: Housing, consumer confidence deliver lukewarm trading (CIT, C, BAC, ACS, XRX, SQNM & RIMM) originally appeared on BloggingStocks on Tue, 29 Sep 2009 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>BACCCITRIMMSQNMXRXTue, 29 Sep 2009 16:00:00 EST<![CDATA[Closing bell: no one cares about the Fed]]>http://www.bloggingstocks.com/2009/09/23/closing-bell-no-one-cares-about-the-fed/http://www.bloggingstocks.com/2009/09/23/closing-bell-no-one-cares-about-the-fed/http://www.bloggingstocks.com/2009/09/23/closing-bell-no-one-cares-about-the-fed/#commentsFiled under: , , , , , ,

The market was remarkably bored about most of what the Fed had to say about the results of the FOMC. A close reading of the minutes shows nothing new. The economy is very modestly better. The turn for the better will be slow and painful. Housing may be getting a tiny bit better. Rates will stay near zero. The only statement which may not have been expected by almost everyone is that the agency will continue buying mortgage-backed and federal debt into the first quarter of next year.

The lack of enthusiasm showed as the major indices traded fairly flat. Today's unofficial numbers:

Dow 9,749.31 -80.56 (-0.82%)
S&P 500 1,060.90 -10.76 (-1.00%)
Nasdaq 2,131.42 -14.88 (-0.69%)

Continue reading Closing bell: no one cares about the Fed

Closing bell: no one cares about the Fed originally appeared on BloggingStocks on Wed, 23 Sep 2009 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AMRCITFKERXWed, 23 Sep 2009 16:00:00 EST<![CDATA[Cramer on BloggingStocks: Reasonable speculation]]>http://www.bloggingstocks.com/2009/08/27/cramer-on-bloggingstocks-reasonable-speculation/http://www.bloggingstocks.com/2009/08/27/cramer-on-bloggingstocks-reasonable-speculation/http://www.bloggingstocks.com/2009/08/27/cramer-on-bloggingstocks-reasonable-speculation/#commentsFiled under: , , , , , , ,

TheStreet.com's Jim Cramer says the bizarre rules these days make it worth looking at stocks through a different lens.

How much should we care about low-dollar speculation? How much should we care about the incessant trading in CIT (NYSE: CIT) (Cramer's Take) and Fannie Mae (NYSE: FNM) (Cramer's Take), Alcatel-Lucent (NYSE: ALU) (Cramer's Take), or Vonage (NYSE: VG) (Cramer's Take) and Sprint (NYSE: S) (Cramer's Take)? Or even Citigroup (NYSE: C) (Cramer's Take)?

First, I have to tell you that I worry about it less than I used to. Why? Because when we used to have rules and government officials that were willing to speak the truth about stocks, we wouldn't have these single-digit players out there every day. But without it, how in heck can people not believe that Fannie and Freddie Mac (NYSE: FRE) (Cramer's Take) are the biggest and best bets on a turn in housing?

Continue reading Cramer on BloggingStocks: Reasonable speculation

Cramer on BloggingStocks: Reasonable speculation originally appeared on BloggingStocks on Thu, 27 Aug 2009 09:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AIGAlcatel-LucentALUCITCitigroupDoug KassFannie MaeFannieMaefeaturedFNMFREFreddie MacRobert BenmoschespeculationSprintVGVonageThu, 27 Aug 2009 09:30:00 EST<![CDATA[Closing bell: Wal-Mart and retail sales help upward trend despite increased foreclosure data (WMT, CIT, LVS, ETFC)]]>http://www.bloggingstocks.com/2009/08/13/closing-bell-wal-mart-and-retail-sales-help-upward-trend-despit/http://www.bloggingstocks.com/2009/08/13/closing-bell-wal-mart-and-retail-sales-help-upward-trend-despit/http://www.bloggingstocks.com/2009/08/13/closing-bell-wal-mart-and-retail-sales-help-upward-trend-despit/#commentsFiled under: , , , , , , ,

Today's market news was dominated by two events. The first is that Wal-Mart Stores, Inc. (NYSE: WMT) reported earnings a bit better than expected and had a forecast that was a bit better than expected, to. Traders were left to ponder whether this means a modest return of the consumer or whether Wal-Mart is just that much better than its competition.

The government coincidentally announced July retail sales which were helped by the automotive "clunkers" program. Most analysts were surprised that the figure dropped .1%. The two pieces of news made traders reflect on the reality that the recession may be ending but the collateral damage is not.

Because no day can go by without some news on housing, there was date from RealtyTrac that foreclosures rose 7% last month compared to June.

The day's unofficial numbers:

Dow 9,399.17 +37.56 (0.40%)
S&P 500 1,012.84 +7.03 (0.70%)
Nasdaq 2,009.35 +10.63 (0.53%)

Continue reading Closing bell: Wal-Mart and retail sales help upward trend despite increased foreclosure data (WMT, CIT, LVS, ETFC)

Closing bell: Wal-Mart and retail sales help upward trend despite increased foreclosure data (WMT, CIT, LVS, ETFC) originally appeared on BloggingStocks on Thu, 13 Aug 2009 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>CITETFCLVSWMTThu, 13 Aug 2009 16:00:00 EST<![CDATA[Closing Bell: Bulls on vacation (BAC, C, CIT, HLCS, MSFT, GOOG)]]>http://www.bloggingstocks.com/2009/08/11/closing-bell-bulls-on-vacation-bac-c-cit-hlcs-msft-goog/http://www.bloggingstocks.com/2009/08/11/closing-bell-bulls-on-vacation-bac-c-cit-hlcs-msft-goog/http://www.bloggingstocks.com/2009/08/11/closing-bell-bulls-on-vacation-bac-c-cit-hlcs-msft-goog/#commentsFiled under: , , ,

Today was one of those of those days that started out weak, and ended up that way as well. Wholesale inventories were down again for the 10th month in a row. Many analyst calls and a late summer breather are also to blame for the selling after we have seen such a strong summer rally. Here were today's unofficial closing bell levels:

DJIA: 9,241.45 (-1.03%)
NASDAQ: 1,969.73 (-1.13%)
S & P 500: 994.35(-1.27%)

Top Analyst Upgrades/Downgrades

Bank of America Corp. (NYSE: BAC) was hit today on an analyst call from Rochdale's Dick Bove, who said the settlement being held up by a judge is bad for banks. Shares were down 4% at $15.98 late in the day.


Continue reading Closing Bell: Bulls on vacation (BAC, C, CIT, HLCS, MSFT, GOOG)

Closing Bell: Bulls on vacation (BAC, C, CIT, HLCS, MSFT, GOOG) originally appeared on BloggingStocks on Tue, 11 Aug 2009 16:21:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bacccitgooghlcsmsftpublicisTue, 11 Aug 2009 16:21:00 EST<![CDATA[Cramer on BloggingStocks: From froth to investible ]]>http://www.bloggingstocks.com/2009/08/11/cramer-on-bloggingstocks-from-froth-to-investible/http://www.bloggingstocks.com/2009/08/11/cramer-on-bloggingstocks-from-froth-to-investible/http://www.bloggingstocks.com/2009/08/11/cramer-on-bloggingstocks-from-froth-to-investible/#commentsFiled under: , , , , , , ,

TheStreet.com's Jim Cramer says many stocks, considered frothy at one time, have turned into good turnaround stories.

Here's still one more version of a short-seller's nightmare. What happens when froth turns to investible? What happens when you see behavior that clearly indicates froth and then, somehow, the fundamentals change, and the stock takes off?

We have seen that recently in so many situations that it is pretty dazzling. It was one thing to see Genworth (NYSE: GNW) (Cramer's Take) back from the dead on its own.

Continue reading Cramer on BloggingStocks: From froth to investible

Cramer on BloggingStocks: From froth to investible originally appeared on BloggingStocks on Tue, 11 Aug 2009 10:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>aigcitetfcfeaturedfitbfnmfregnwhbanjim cramerJimCramerkeyrfzionTue, 11 Aug 2009 10:10:00 EST