Archive for January, 2009:

If Morgan Stanley (MS) cuts jobs, stock may rise

{ Posted on Jan 30 2009 by Douglas McIntyre }
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Categories : All, BloggingStocks
Filed under: Employees, Morgan Stanley (MS)Morgan Stanley (NYSE: MS) may cut 5% of its workforce. Given the drop-off in investment banking activity and asset management, the number may not be high enough, but it is a start. Wall Street is ...Read More »

Memo to the President: Don’t recycle bad bank fix ideas, get new ones that work

{ Posted on Jan 30 2009 by Peter Cohan }
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Filed under: Economic data, Politics, Recession, Financial CrisisYou've asked people to give you ideas, so here's one: Don't recycle Bush's failed ideas and expect them to work. Each of those failed ideas has deep flaws. Instead, if you have to ...Read More »

Starbucks is a real dog

{ Posted on Jan 30 2009 by Jamie Dlugosch }
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Filed under: Earnings reports, Bad news, Starbucks (SBUX), Stocks to Sell, RecessionFormer high-flyer Starbucks Corp. (NASDAQ: SBUX) put a coffee shop on every street corner during the time of easy credit. The pure saturation strategy had no basis in demand. Instead, ...Read More »

Today’s technical outlook: Looking for support

{ Posted on Jan 30 2009 by Sam Collins }
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The market had a normal correction yesterday following the best run in stocks since November, but again the press chimed in with more dire pronouncements of gloom: "Equities down again as economy rears its ugly head," and "Some project unemployment ...Read More »

Gross domestic product shrinks 3.8%

{ Posted on Jan 30 2009 by Mark Fightmaster }
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Filed under: Before the bell, Economic data, RecessionThe Gross Domestic Product (GDP) data is in, showing that the U.S. economy contracted 3.8% on an annualized rate in the fourth quarter. The data was better than the 5.5% most economists on ...Read More »

Rich got richer under Bush, but they paid more taxes

{ Posted on Jan 30 2009 by Zac Bissonnette }
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Filed under: Good newsNew data from the IRS shows that the average tax rate paid by the richest 400 Americans fell by a third from 22.9% to 17.2% in the first six years of the Bush presidency, even as their ...Read More »

How much does Time Warner (TWX) have to cut to save margins?

{ Posted on Jan 30 2009 by Douglas McIntyre }
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Filed under: Earnings reports, Time Warner (TWX)When embattled Time Warner (NYSE: TWX) CEO Jeff Bewkes gets on the company's fourth quarter earnings call next week, February 4, he will certainly be asked one thing. With the advertising market facing one ...Read More »

Barnes & Noble (BKS): Big buyers offer a bullish read

{ Posted on Jan 30 2009 by Steven Halpern }
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Filed under: Newsletters, Stocks to Buy"Last spring, CEO Leonard Riggio of Barnes & Noble (NYSE: BKS) purchased almost $50 million-worth of his company's stock between $27-29.50; today, it languishes on the remainder table at $17.56," says Mark Skousen. In his income-oriented ...Read More »

Obama’s empty rhetoric on Wall Street bonuses

{ Posted on Jan 30 2009 by Zac Bissonnette }
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Filed under: Politics, RecessionPresident Barack Obama is expressing outrage over the $18.4 billion in bonuses recently paid out by Wall Street banks, using phrases like "the height of irresponsibility" and words like "shameful." "There will be time for them to make ...Read More »

Would you like the government to spend 4 TRILLION dollars to bail out the banks?

{ Posted on Jan 30 2009 by Connie Madon }
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Filed under: Bad news, Federal Reserve, Financial CrisisHow would you like it if the government spent 4 TRILLION dollars to bail out our banks? How would you like it if this $4 trillion dollars amounts to 1/3 of our Gross ...Read More »
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