“Countervailing duties” on subsidized foreign products violates the definition of free trade…
Comments »Facebook Grabs Number 2 M&A From Google
Japan’s Disaster Could Be a Windfall For Oil
Japan’s Disaster Could Cost Up to $1 Trillion
NDAQ and ICE Rumored To Produce a Counter Bid for NYSE-EuroNext
Housing Rebound Expected to be Tepid This Year
AT&T Will Cap DSL and U-Verse Usage Starting May 2, 2011
Goldman Sachs and Citibank Planning a $1.4 Billion Bond Sale for Commercial Real Estate Assets
Most of the assets are in TX. Retail accounts for about 53% of the offering giving better yields to investors…..
Comments »Chevron To Invest In Australian Natural Gas Projects to Boost Growth
Wunderlich Lowers Target for AM Superconductor – AMSC
Wunderlich lowers their AMSC tgt to $45 from $50 to account for changes in shipment patterns, product transition at its largest account, and for the impact of the acquisition of The Switch. The firm says they have taken the conservative side of the company’s comments but still believe the company could reach $1 billion of revenue before it says it will in fiscal 2014. Excluding cash of $5.00 per share, the stock trades at about 9x their CY12 non-GAAP EPS estimate, for a PEG of about 0.15x
Next earnings release: May 12 before market, unconfirmed. Thomson Reuters estimate: 0.37
Comments »Europe Closes in the Red With Vienna Shedding the Most
Deutsch Bank Expects Major Steel Disruption From Japan’s Disaster
Deutsche Bank says the 8.9 earthquake that hit Japan on Friday has dramatically impacted the country’s industrial complex, destroying transportation infrastructure and production facilities. In 2010, Japan produced 110 mln mton of crude steel, accounting for 7.9% of global production, and roughly 23 mln mtons (27%) were exported in 2010. Firm says in total they est that up to 40% of the country’s steel production could be impacted in the short term as a result of this earthquake
Steel sector displaying relative strength
STLD +3.7% held at its Jan lows yesterday and this morning its reaching up toward its 50 sma and this wk/range highs (18.59/18.64), ATI, CLF, SID, GGB, NUE, PKX, RS, VALE, TX, X.
Comments »Companies To Benefit From Japan’s Reconstruction
ISI Issues Report on Software Companies That May Have Revenues Hurt by Japan’s Disaster
ISI Group discloses its software sector exposure to Japan (33.64 -0.97)
ISI Group says in light of the tragedy in Japan, they put together the software sector’s exposure to the Asia Pacific region, and where disclosed, its exposure to Japan. The firm sees Adobe’s (ADBE) Japan exposure of 13% of total revenue, Autodesk (ADSK) 10% of total rev, Oracle (ORCL) 5% of total revs, and Red Hat (RHT) 8% of total revs.
Comments »Nissan Issues Statement and Impact on Operations
Nissan Motor issues Statement Regarding Status of Japanese Earthquake and Impact on Nissan Americas Operations (17.62 -1.38)
All Nissan Americas manufacturing facilities remain operational and will continue normal production schedules until further notice. In total six of Nissan’s facilities in Japan have reported some damage to their buildings or equipment, including Iwaki Plant (Iwaki City, Fukushima Prefecture), Tochigi Plant (Kawachi County, Tochigi Prefecture), Yokohama Plant (Yokohama City, Kanagawa Prefecture), Oppama Plant (Yokohama City, Kanagawa Prefecture), Zama Operations Center (Zama City, Kanagawa Prefecture) and Honmoku Wharf (Yokohama City, Kanagawa Prefecture). # Nissan’s Tochigi and Iwaki plants will suspend operations until Friday, March 18. # Nissan’s Oppama, Kyushu, Shatai and Yokohama plants will suspend operations until Wednesday, March 16.
Comments »Oil Rebounds on Saudi Troop Injection Into Bahrain
everything else sells off with the exception of solar, chips, gold & silver…..
Comments »Crack Spreads Highest Since 2007
Due to the recent developments abroad, NYMEX crack spreads are at their highest levels since May of 2007, now above $25. As a result, refinery related stocks have been very strong. However, it’s worth noting, they are all considerably off the highs reached back in 2007.
Year to date, crack spreads are up more than 60%. In other words, refiners are minting money right now.
Comments »What is IBM Waiting for With $11 Billion in Cash ?
Perhaps they are waiting for a second chance @ historically low level purchases…..?
Comments »SEC Employees Could Not Bust Criminals Due to Watching Porn
Alan Greenspan Blames “Crappy Economy on Big Governemnt”
In a paper delivered to the Council on Foreign Relations Greenspan states that a full economic recovery would be robust and underway if not for big government.
Greenspan goes on to say his evidence is in lack luster fixed asset investments. The economy is hampered by financial regulation, moral hazard, and deficit spending….
Comments »
