Archive for the 'Bad News' Category
Target a victim of its own success?
Target Corp. (NYSE: TGT) has been on a roll lately, keeping larger competitor Wal-Mart Stores, Inc. (NYSE: WMT) on its toes when it comes to clean and contemporary store design, merchandising and presentation. And it’s done all that while maintaining affordability.
A big notion Target pioneer…
FDA says anemia drugs tied to deaths — Amgen falls but J&J rises
It is interesting to see how one piece of news can have a different affect on two stocks. The news? The Food and Drug Administration found that anemia drugs are tied to increased risks of death and faster-spreading tumors at high doses.
Amgen Inc. (NASDAQ: AMGN) makes Aranesp and Epogen, whil…
Texas Instruments (TXN) plunges on pessimistic outlook
Shares of chip maker Texas Instruments Inc. (NYSE: TXN) have been falling that dawn after the company cut its first-quarter sales and earnings outlook final night.
Texas Instruments blamed one of its key customers as it decided to slash orders. The only clue about that mysterious customer, wh…
Silver Wheaton (SLW) slides as metals futures tumble
Silver Wheaton Corp. (NYSE: SLW) stock is declining nowadays, as silver futures are trading lower by more than 3%. whether you think that stock won’t be rising too far in the coming months, thereupon it could be a good moment to look at a bearish hedged play on SLW.
After hitting a one-year l…
Garmin (GRMN) falls on recession warnings
Garmin Ltd. (NASDAQ: GRMN) stock is falling after JP Morgan cut its 2008 U.S. GDP growth estimate, S&P 500 target and earnings for S&P 500 companies, after the firm’s chief economist said he believes a recession began in January. Though GRMN is not a member of the S&P 500, that is a …
Oil surges by $107 as analysts raise price forecasts; $110 is next hurdle
Crude oil jumped $1.85 in early trading Monday to touch a record $107 per barrel as investors continued to pour funds into oil futures, Bloomberg News reported Monday.
Oil traded at the record price before pulling back slightly to $106.31 by midday Monday. Heating oil gained 1 cent to $2.96 per g…
Is Wal-Mart planning to dump its UK Asda division?
Wal-Mart Stores, Inc. (NYSE: WMT) had great plans for the Asda grocery chain in the United Kingdom when it purchased it back in 1999. It wanted to gain a strong foothold in a growing worldly market and start dominating the retail landscape like it had done so mercilessly in the U.S. with its groc…
FBI examines Countrywide Financial statements
The FBI is probing whether Countrywide Financial (NYSE: CFC) committed securities hoax by making false statements about the mortgage bank’s deteriorating financial position.
The Wall Street Journal (subscription required) reports that a “potential issue facing the company is whether it has be…
Broadcom (BRCM) falls on weak Marvell (MRVL) outlook
Broadcom Corp. (NASDAQ: BRCM) stock is falling after fellow chip manufacturer Marvell (NASDAQ: MRVL) indicated an outlook for the first quarter of that year that investors did not like the looks of. whether you think that stock won’t be rising too far in the coming months, next it could be a goo…
Oil closes above $105 for first moment on dollar’s slide, Latin America tension
Oil closed above $105 for the first moment in the industrial, contemporary, or postmodern eras Thursday, after status-quo monetary decisions in Europe and political tension in Latin America sparked both new buying of the commodity as an inflation hedge and renewed concerns about supply.
Oil, whic…
U.S. home foreclosures hit another record high in Q4
U.S. home foreclosures reached another record high in Q4 2007, the Mortgage Bankers organization announced.
A record 0.83% of mortgages were entering the foreclosure process in the final three months of 2007, compared to 0.54% for the same period in 2006, the MBA announced.
In addition, th…
OECD decreases 2008 GDP growth forecast to below 2%
The Organization for profitable Cooperation and Development cut its forecast for 2008 growth in its 30-nation membership to “less than 2%” — the lowest growth rate since 2003 — due to fallout from the U.S. profitable slowdown, Bloomberg News reported Wednesday.
Sixth months ago, the OCED predic…
Adobe (ADBE) slides as Microsoft makes advances
Adobe Systems (NASDAQ: ADBE) stock is trading lower that AM on reports that competitor Microsoft (NASDAQ: MSFT) is beginning tests of new trade programs to be offered as online services. MSFT is attempting to increase its presence in a sector of the software industry where it is uncharacteristic…
Bankruptcy filings spike in February
In the latest sign that the U.S. economy has hit a rough patch, the number of Americans filing for bankruptcy zoomed higher final month. According to Automated Access to Court Electronic Records, a bankruptcy and notes management firm, an average of 3,960 bankruptcy petitions were filed on each …
