Ockham Research Staff @ February 27, 2009 # No Comment Yet
Behold the power of Jim Cramer, all he has to do is call attention to a stock and it will move. Last night’s beneficiary was Permian Basin Royalty Trust, and with no other news surrounding the stock it is up 23 percent, while the rest of the market is down about 1 percent.
More on: Permian Basin Royalty Trust: The Cramer Effect
Ockham Research Staff @ February 26, 2009 # 2 Comments
IBM is leading the morning rally as they continue to keep up great performance in defiance of the difficult economy. In no way are they the most Undervalued company we follow, but they might be the very best performer.
More on: IBM the Lone Wolf
Ockham Research Staff @ February 24, 2009 # No Comment Yet
Bernanke took on the Capitol Hill again today, and even though he did not say anything too surprising, the market responded positively. It seems that the market is desperate for any sort of good news at all, even if it isn’t really news.
More on: Bernanke Takes Little Risk
Ockham Research Staff @ February 6, 2009 # No Comment Yet
Financials were the story of the day on Friday, with Bank of America leading the way gaining 26 percent. However, there is so much going on politically right now that Monday will likely be another volatile day with the direction of the swing resting on the speech by Tim Geithner about the next phase in the bank rescue.
More on: Banks Rally as Obama’s Economic Team Waits On Deck
Ockham Research Staff @ February 3, 2009 # No Comment Yet
Citi released a statement today about its use of TARP funds today, which included $36.5 billion in new lending. However, we are growing concerned that each decision out of Citi these days has been pushed on them by government interests. I guess these are the first signs of the dark side of TARP.
More on: Citi Bows to Pressure and Doubles Down
Ockham Research Staff @ November 14, 2008 # No Comment Yet
The Wall Street research analysts are still declining, both in number and in coverage, and there is no reason to believe that they will be saved. The term “bailout” isn’t used when referring to these analysts, and it appears to us that this is due to the changing requirements for research. Goldman Sachs just let 13 more analysts go, and from what we can see, it appears this trend will continue until anaysts can reconcile the “why” with the “when”.
More on: Analysts and Research Still Evolving
admin @ April 9, 2008 # No Comment Yet
A deal was reported this morning that will take $12 billion of leveraged loans off of the balance sheet of Citigroup ( C) and move them to private equity investors. Citi had originated the loans in order to facilitate the leveraged buyout boom with the intention of selling the loans […]
More on: Citigroup Hopes Credit Market is Thawing
admin @ January 15, 2008 # No Comment Yet
This morning the market is off by a decent margin, and most are pointing to the news of disappointing retail sales in December and another massive write-down by Citi. This $18 billion write-down ranks as one of the largest write-downs related to the credit crunch thus far, and by the largest […]
More on: Rationality in an Irrational World