Ockham Research Staff @ June 30, 2008 # No Comment Yet
Since hitting an all time high of 14279.96 on October 11th of last year, the Dow Jones Industrial Average (DJIA) will close the second quarter of 2008 officially having entered bear market territory-enduring a 20% decline. The broader market index-the Standard & Poors 500-is off 18.4% from its high on that date, while the Nasdaq […]
More on: Dancing With the Bear
Ockham Research Staff @ June 26, 2008 # No Comment Yet
Research in Motion report fiscal first quarter results that showed strong growth over a year ago, but the company did not live up to Wall Street’s estimates and the stock is trading down more than 12% today.
More on: At the Buzzer, RIMM Gets Rejected
Ockham Research Staff @ June 25, 2008 # No Comment Yet
The FOMC announced today that they will hold rates where they are for the time being. There is a delicate balance between weak growth and inflationary pressures, and at this point Bernanke and Co. are handling it well.
More on: The Fed’s Balancing Act
Ockham Research Staff @ June 24, 2008 # No Comment Yet
After about a decade of awful stock performance, Eastman Kodak is looking to revitalize their digital business. If they can pull it off there is substantial upside to EK at these price levels.
More on: Out of the Dark Room – Kodak Looks to Fully Develop
Ockham Research Staff @ June 20, 2008 # No Comment Yet
EBay is making progress in protecting its customers from fraudulant activities, which should cause an increase in activity. Even if the transaction activity stays level, we believe that the valuation of EBay is still very compelling.
More on: EBay Vying for Holiday Sales
Ockham Research Staff @ June 19, 2008 # No Comment Yet
On March 27th I wrote that although Boeing (BA) had lost its bid to provide the Air Force with a fleet of in-flight refueling tankers, the company still has a lot of upside. Well, Boeing protested the $35 billion contract that was awarded to Northrop Grumman Corp. (NOC) and EADS, so both sides sent lobbyists […]
More on: Boeing May Get a Second Shot to Win Large Tanker Contract
Ockham Research Staff @ June 18, 2008 # No Comment Yet
CarMax Inc. (KMX) stumbled through its fiscal first quarter amid a very challenging consumer spending environment. The company reported a 55% drop in profit, but of even greater concern, the company has suspended earnings and same-store sales guidance for the rest of the fiscal year as fundamentals continue to deteriorate. In April, the company issued […]
More on: Consumers Steering Clear of CarMax
Ockham Research Staff @ June 16, 2008 # No Comment Yet
American International Group (AIG) has reported two consecutive quarters of record losses from the subprime mortgage market as well as credit default swaps. As the firm has declared more than $18 billion in losses in the last six months, the stock has plummeted more than 54% in the last year. There are quite a few […]
More on: Long Awaited Shake-Up at AIG
Ockham Research Staff @ June 13, 2008 # No Comment Yet
Fifth Third Bancorp (FITB)—like many other regional banks—has struggled through the current market environment and the stock is down more than 70% in the last year. The Ohio super regional bank has been hamstrung by bad real estate bets in the particularly depressed markets of Michigan and Florida. The credit crunch is also making the […]
More on: When Will Fifth Third Turn Around?
Ockham Research Staff @ June 12, 2008 # No Comment Yet
As noted in our post of May 23, 2008, there have been rumors floating around about Anheuser Busch being acquired by InBev. After the market closed yesterday, that rumor became fact as the $46.3 billion offer went public. A combination of the two brewing giants would create the world’s largest brewer. Together InBev and Anheuser […]
More on: InBev Willing to Make Concessions to Nab Anheuser Busch