admin @ March 31, 2008 # No Comment Yet
It was a rough Monday morning for stock owners of Merck & Co. ( MRK) and Schering-Plough Corp. ( SGP) as a panel of cardiologists recommended that Doctors sharply reduce their prescribing of the companies’ jointly marketed cholesterol drugs Vytorin and Zetia. The cardiologists based their claim in the results […]
More on: Monday brings Heartburn for Schering-Plough
admin @ March 26, 2008 # No Comment Yet
The Boeing Company ( BA) has been making headlines for the wrong reasons lately. First, came word of unspecified delays in rollout of the new-generation 787 “Dreamliner”. BA has notified two early 787 customers-British Airways and Virgin Atlantic-that the preliminary delivery date of early 2009 looks unlikely, as the manufacturer […]
More on: Boeing Cleared for Take-Off
admin @ March 25, 2008 # No Comment Yet
Garmin ( GRMN) is the undisputed leader in the rapidly growing industry of Personal Navigation Devices or PNDs. Garmin claims an astounding 55% of market share for GPS mapping devices. However, today one of Garmin’s chip suppliers-SiRF Technology-forecasted sluggish demand for its chips in the upcoming quarter. Based on that […]
More on: Will Garmin Direct Bulls to Healthy Returns?
admin @ March 24, 2008 # No Comment Yet
Last Monday, the news swirling around the stock market was JP Morgan’s ( JPM) $2 per share bid to buy Bear Stearns ( BSC). Bear – at the time the fifth largest U.S. Investment Bank — astoundingly was being sold for about $240 million, far less than the value of its Manhattan […]
More on: JP Morgan Increases Fed-Backed Bid for Bear
admin @ March 14, 2008 # No Comment Yet
Starbucks Corporation stock ( SBUX), which Ockham Research featured in our January 1 post, appears as attractive now as it has ever been. SBUX has steadily declined by over 51% since the beginning of 2007. The company has begun to reign in domestic growth as it announced the closure of 100 […]
More on: Starbucks Poised for a Perk-Up
admin @ March 13, 2008 # No Comment Yet
The President’s Working Group released a statement today on its research into avoiding another mortgage crisis in the future. The report blames every player in the mortgage game. Mortgage lenders, investment banks, credit ratings agencies and the regulators are all faulted for poor risk evaluation practices, and the commission […]
More on: Lessons of the Mortgage Crisis
admin @ March 12, 2008 # 3 Comments
Pilgrim’s Pride ( PPC) curtailed its poultry production business in a big way today as the company announced the closure of 7 facilities and the loss of 1100 jobs. While the facilities were located throughout the country, the most affected area will be Siler City, North Carolina, where some 830 jobs […]
More on: Pilgrim’s Pride Exposes Misguided Policy Shame
admin @ March 11, 2008 # No Comment Yet
Today, the stock market roared ahead as it collectively cheered Fed Chairman Ben Bernanke’s latest attempt to loosen the squeeze of the credit crunch. Bernanke had hinted at an expanded loan facility to banks to the tune of $100 billion, but this morning the Fed announced that it will lend […]
More on: Fed Steps Up to Provide Liquidity
admin @ March 10, 2008 # No Comment Yet
General Electric ( GE) stock has underperformed versus the Dow and the S&P 500 over the last five years, but it is now showing signs of improvement. GE is making the effort to further diversify as its Energy Financial Services unit has plans to invest more than 5 times its […]
More on: GE: Quality on Sale
admin @ March 7, 2008 # No Comment Yet
The bearish stock market of late reflects investor’s fearful reaction to the deepening housing crisis. New data reveals just how bad it is for American homeowners, as home foreclosures reached a record in the fourth quarter of 2007. The Mortgage Bankers Association estimates that more than 2% of all mortgages […]
More on: Foreclosures Frighten Investors