Archive for August, 2010

  • Medtronic Falls on Lower Guidance
    , August 24th, 2010 at 10:32 am

    Shares of the Medtronic (MDT) are getting bashed this morning after the company lowered its earnings guidance for fiscal 2011. In my opinion, the market [...]

  • Pujols and the Triple Crown
    , August 24th, 2010 at 9:56 am

    Last night, Albert Pujols went three-for-four; he hit a single, a double and a three-run home run which was the 399th of his career. Pujols [...]

  • The War for Potash
    , August 23rd, 2010 at 10:39 am

    If it’s Monday and it’s 2010, then the market is probably up and wouldn’t you know it, it is! Right now, 19 of our 20 [...]

  • Another Down Friday
    , August 20th, 2010 at 1:02 pm

    The market is down again on a Friday which has been the trend this year. And once again, the cyclical stocks are leading us lower. [...]

  • Jos. A Bank Clothiers Split 3-for-2
    , August 19th, 2010 at 6:27 pm

    There’s one small housekeeping announcement. Jos. A Bank Clothiers (JOSB) split 3-for-2 today. For tracking purposes, I assume the Buy List is a $1 million [...]

  • Is There a Bond Bubble?
    , August 19th, 2010 at 12:40 pm

    Lately, there’s been a lot of talk among financial bloggers of a Bond Bubble. There very well could be but the key question is, a [...]

  • Intel Buys McAfee for $7.7 Billion in Cash
    , August 19th, 2010 at 11:39 am

    The stock market is down again today, but the big news is that Intel (INTC) is buying McAfee (MFE) for $7.7 billion in cash. In [...]

  • Lilly's Dividend Is Holding Strong
    , August 17th, 2010 at 10:07 am

    This hasn’t been a very good year for Eli Lilly (LLY). The shares are down again today on news that it will halt development of [...]

  • Lilly’s Dividend Is Holding Strong
    , August 17th, 2010 at 10:07 am

    This hasn’t been a very good year for Eli Lilly (LLY). The shares are down again today on news that it will halt development of [...]

  • The CRA Didn't Cause of the Crisis
    , August 17th, 2010 at 9:17 am

    Eric Falkenstein argues that the Community Reinvestment Act didn’t cause the financial crisis but the mindset driving it sure did: The zeitgeist suggested that lowering [...]

  • The CRA Didn’t Cause of the Crisis
    , August 17th, 2010 at 9:17 am

    Eric Falkenstein argues that the Community Reinvestment Act didn’t cause the financial crisis but the mindset driving it sure did: The zeitgeist suggested that lowering [...]

  • Math Nerds Have Taken Over the Bond Market
    , August 16th, 2010 at 3:58 pm

    The 10-year T-bond just broke below the mathematical constant e — 2.719. The 30-year is closing in on pi — 3.142. The 5-year is now [...]

  • Sysco Misses by a Penny
    , August 16th, 2010 at 1:33 pm

    After opening lower today, the stock market is rallying off its lows. Before the opening bell Sysco (SYY) released earnings for its fiscal fourth quarter. [...]

  • Will the Dems Dump Pelosi After a Defeat?
    , August 16th, 2010 at 12:59 pm

    With the mid-term election only three-and-a-half months away, I noticed that the Intrade contract for the GOP to retake the House is up to 64.7. [...]

  • Bloomberg FTW
    , August 15th, 2010 at 11:27 pm

    Finally, the Taleb bubble is starting to pop: In February, he told a conference in Moscow that “every single human being” should bet Treasury bonds [...]

  • The Hindenburg Omen
    , August 14th, 2010 at 3:49 pm

    Like we don’t have enough to worry about, the stock market just tripped the dreaded Hindenburg Omen. That’s when an unusually high number of stocks [...]

  • The Bond Bubble
    , August 12th, 2010 at 5:16 pm

    Johnson & Johnson (JNJ) smartly takes advantage of the bond bubble. The rule is simple: When rates and stock prices are low, it’s better to [...]

  • Stocks Versus Bonds
    , August 12th, 2010 at 2:11 pm

    The current estimate for this year’s EPS for the S&P 500 is $83.11 Going by the current price for the S&P 500 and current yield [...]

  • Executive Order 9250
    , August 12th, 2010 at 1:48 pm

    Ever heard of FDR’s Executive Order 9250 which established a tax rate of 100% at $25,000. Yes, it really happened? Here’s a sample: 7. In [...]

  • GM to IPO
    , August 12th, 2010 at 11:33 am

    General Motors, a division of the U.S. government, just reported Q2 net income of $1.5 billion. Not too bad. But the big news is that [...]