Closing Bell: Last minute mini-rally avoids larger disaster; KO, PFE, S, JASO
{ Posted on Feb 12 2009 by Jon Ogg }
Filed under: Pfizer (PFE), Coca-Cola (KO), Sprint Nextel Corp (S)
Today was one of those days that felt as though it was another mini-disaster. Another 600,000 weekly jobless claims were coming to roost. A late day note that the Obama administration was ready to subsidize troubled houses with partial buy-downs of loans to avoid repossession helped to bring on a recovery. While this is far from set in stone and far from being "a done deal" it created a monster to save to otherwise nasty trading day. If you were here all but the last hour it would have been just another miserable day. Here are today's unofficial closing bell levels:DJIA: 7932.76, -6.77, -0.09%
S&P500: 835.19, +11.45, +0.17%
NASDAQ: 1541.71, +11.21, +0.73%
Top Analyst Upgrades
Top Analyst Downgrades
JA Solar Holdings Co. Ltd. (NASDAQ: JASO) took a beating after lowering targets to 2009 revenue of $830 to $952 million, under analyst estimates of $993.8 million. The company already cut its revenue projections by more than 20% in November. Here is what we see as the problems in solar energy right now. Shares were off by 16% at $2.51 right before the close.
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Closing Bell: Last minute mini-rally avoids larger disaster; KO, PFE, S, JASO originally appeared on BloggingStocks on Thu, 12 Feb 2009 16:26:00 EST. Please see our terms for use of feeds.
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