Archive for September, 2005

  • Aloca’s Cuts Its Profit Outlook
    , September 23rd, 2005 at 11:27 am

    The third-quarter earnings season will begin in a few weeks. Alcoa is usually one of the first, is not the first Dow component to report. [...]

  • WorldCom Investors to Get $6 billion and Bernie’s House
    , September 22nd, 2005 at 5:25 pm

    This is good. A judge has just approved a legal settlement for World Com investors. Under the settlement, Ebbers will give up many of his [...]

  • Katrita
    , September 22nd, 2005 at 1:36 pm

    I think CNBC is slowly becoming the Weather Channel. Now we get updates on stocks, bond, futures and the latest movements of Hurricane Rita. The [...]

  • Small Health Care Stocks
    , September 22nd, 2005 at 1:25 pm

    Barron’s has a good article on small health care companies. The article focuses on two stocks, Kyphon and IntraLase, however the entire sector has a [...]

  • The iPod Nano
    , September 22nd, 2005 at 1:13 pm

    From initial reviews, Apple’s new iPod Nano is another home run for Jobs & Co. The new device even got a big fat orange circle [...]

  • Think You Can Time the Market?
    , September 21st, 2005 at 4:01 pm

    Here’s a fact that ought to make you think twice before trying to “time” the stock market. Since 1950, the S&P 500 is up over [...]

  • Hurricane Rita
    , September 21st, 2005 at 2:49 pm

    Wall Street is bracing for Hurricane Rita which is headed right for the Texas coast. Texas is home to the biggest concentration of U.S. refineries, [...]

  • Morgan Stanley’s Profits Plunge 83%
    , September 21st, 2005 at 2:22 pm

    Apparently, no one invited Morgan Stanley to Wall Street’s summer beach party. All the brokers reported blow-out earnings until Morgan Stanley dropped the ball this [...]

  • Biomet’s Earnings
    , September 21st, 2005 at 10:55 am

    Biomet, one of the stocks on my Buy List, reported very strong earnings today, although it was one penny per share below Wall Street’s forecast. [...]

  • Greenspan Strikes Again
    , September 20th, 2005 at 3:44 pm

    No surprise. The Fed raised rates by 25 basis points. The Fed raised the overnight bank lending rate a quarter point to 3.75 percent after [...]

  • The Flattening Yield Curve
    , September 20th, 2005 at 1:48 pm

    The Federal Reserve is about to raise interest rates by 0.25%. This will be the eleventh straight rate increase from the Fed. Since banks make [...]

  • Baidu Loses Important Court Case
    , September 20th, 2005 at 10:54 am

    More bad news for Baidu. First, the company’s stock valuation gets slammed by two Wall Street firms. Now, the Chinese search engine loses an important [...]

  • Blame Katrina Part II
    , September 20th, 2005 at 10:22 am

    Hurricane Katrina is being blamed for even more earnings shortfalls. It’s not so much the insurance companies that are using the “blame Katrina” excuse, but [...]

  • Brokers on a Roll
    , September 20th, 2005 at 9:55 am

    First, Lehman Brothers had a great quarter. Then Bear Stearns delivered impressive results. Now, Goldman Sachs reports strong earnings.

  • No Housing Bubble
    , September 19th, 2005 at 2:50 pm

    In today’s Wall Street Journal, Chris Mayer and Todd Sinai argue that there’s no housing bubble. We, along with Charles Himmelberg, a research economist at [...]

  • Google’s $10 Million Man
    , September 19th, 2005 at 2:26 pm

    The New York Times has more on Kai-Fu Lee, the man at the center of the Google/Microsoft battle.

  • Kozlowski Gets 8-1/3 to 25 Years
    , September 19th, 2005 at 2:22 pm

    Bernie Ebbers got 25 years. Rigas got 15 years. Now Denny Kozlowski is getting 8-1/3 to 25 years. L. Dennis Kozlowski, whose $6,000 shower curtain [...]

  • Oil above $66 Per Barrel
    , September 19th, 2005 at 1:41 pm

    Oil is much higher today due to Tropical Storm Rita which passing above Cuba. The storm could do more damage to the oil-producing infrastructure, not [...]

  • Airline Bankruptcies
    , September 16th, 2005 at 3:51 pm

    Since 1978, over 100 airlines have filed for Chapter 11. Continental filed twice, and TWA did it three times. Here’s a list of airline bankruptcies [...]

  • Consumer Confidence Plunges
    , September 16th, 2005 at 3:33 pm

    The big story today is the drop in consumer confidence. However, it didn’t merely drop, it plunged. The University of Michigan index fell from 89.1 [...]