Archive for September, 2006

  • Citigroup sees S&P hitting 1,500 by end of 2007
    , September 22nd, 2006 at 10:43 am

    From Reuters: Citigroup Inc. set 2007 year-end targets of 1,500 for the Standard & Poor’s 500 index (that’s 14.3% over 15 monnths) and 12,750 for [...]

  • The Forbes 400
    , September 22nd, 2006 at 10:11 am

    Forbes just came out with its new list of the 400 wealthiest Americans. Here’s the top 25 and their fortunes (in billions): 1 William Henry [...]

  • Market gossip goes high-tech
    , September 21st, 2006 at 4:06 pm

    The Financial Times is on the story: Market gossip is to take on a more high-tech form thanks to a new automated system that will [...]

  • Convergencification
    , September 21st, 2006 at 2:51 pm

    Step aside: The bond market is rolling today. The yield on the 10-year bond (^TNX) just fell below 4.65%, and the yield on the 30-year [...]

  • Headline of the Week
    , September 21st, 2006 at 12:51 pm

    HP Spy Scandal Hits New Weirdness Level The old weirdness level just wasn’t cutting it. Not only did investigators impersonate board members, employees and journalists [...]

  • Dell Gets Delisting Notice
    , September 21st, 2006 at 11:41 am

    OK, the Nasdaq isn’t really going to delist Dell (DELL). But still, you gotta get that 10-Q in sometime.

  • Bed Bath & Beyond Earned 51 Cents a Share
    , September 20th, 2006 at 10:25 pm

    Now it’s official: For the August quarter, Bed Bath & Beyond (BBBY) earned 51 cents a share (see earnings call transcript). That’s not too much [...]

  • Frontier Airlines Jumps
    , September 20th, 2006 at 2:45 pm

    I had Frontier Airlines (FRNT) on last year’s Buy List. I hate airline stocks, but FRNT looked like a sound investment at a good price. [...]

  • The Fed Leaves Rates Unchanged
    , September 20th, 2006 at 2:18 pm

    Here’s the statement: The Federal Open Market Committee decided today to keep its target for the federal funds rate at 5-1/4 percent. The moderation in [...]

  • Earnings Preview for Bed Bath & Beyond
    , September 20th, 2006 at 1:53 pm

    Bed Bath & Beyond (BBBY) reports after the bell. The company has already said it expects 51 cents a share. The AP has a preview: [...]

  • Market At 5-1/2 Year High
    , September 20th, 2006 at 11:09 am

    Thanks to Oracle (ORCL) and $61 oil, the S&P 500 has climbed above 1327 for the first time since February 2001. The Dow broke 11600. [...]

  • Dept. of the Obvious
    , September 20th, 2006 at 10:42 am

    Two researchers looked to see if stock spamming works. *Drumroll* It does! Based on a large sample of touted stocks listed on the Pink Sheets [...]

  • Biomet’s Earnings
    , September 20th, 2006 at 8:52 am

    Biomet (BMET) reported earnings of 42 cents a share this morning. That’s a penny below analysts’ consensus so the stock will probably be under pressure [...]

  • Oil Plunges Below $62 A Barrel
    , September 19th, 2006 at 2:56 pm

    The fall in oil continues. In fact, it’s accelerating. Here’s a chart of October light sweet crude: From AP: “We’ll see sub-$2.25 a gallon retail [...]

  • The Flat Yield Curve
    , September 19th, 2006 at 11:31 am

    Actually, the yield isn’t even flat anymore, it’s a bowl. The yield on the five-year note is lower than both the 90-day bill and the [...]

  • Our Remarkable Growth
    , September 19th, 2006 at 10:45 am

    Investors these days hear a lot about “the rise of China” or the “rise of India.” In today’s Wall Street Journal, Michael Milken points out: [...]

  • FactSet Beat the Street
    , September 19th, 2006 at 9:55 am

    FactSet did it again! This company just keeps delivering the earnings. This morning, FactSet Research Systems (FDS) reported earnings of 46 cents a share for [...]

  • The Future for Facebook
    , September 18th, 2006 at 3:14 pm

    Last year, Facebook was worth $100 million. This year, it received a $1 billion buyout offer from Yahoo (YHOO). Well…that is until Yahoo’s stock got [...]

  • Northern Empire Soars on Buyout
    , September 18th, 2006 at 9:43 am

    Last November I wrote about stocks flying below Wall Street’s radar, meaning teeny micro-cap stocks that aren’t followed by any Wall Street analysts. Investors are [...]

  • Spreading Financial Literacy
    , September 18th, 2006 at 7:39 am

    Kudos to Russell Simmons. The hip-hop mogul is working to spread financial literacy through his non-profit Hip-Hop Summit Action Network. Far too many Americans are [...]