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New Fertilizer Dump, India and USDA (POT, MOS, AGU, CF, TRA, TNH, IPI, MOO)

247wallst — Fri, 10 Jul 2009 18:19:43 +0000

Fertilizer stocks just can’t catch a break. If it isn’t an official earnings warning to watch out for or isn’t the stock market and economic growth concerns, then it is the government data. New data reported out of the U.S. Department of Agriculture has raised concern that farmers are going without fertilizer. Add in a [...]

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Lower Oil Begets Lower Rig Counts… Again (BHI, USO, OIL)

247wallst — Fri, 10 Jul 2009 17:37:01 +0000

It looked for a moment as though the oil and gas rig counts were finally stabilizing. Prices had recovered sharply from lows and were challenging $70.00. But as you can tell, this is all in the past tense. Baker Hughes Incorporated (NYSE: BHI) has released its newest data on rig counts. The United States Oil [...]

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Cisco Clarifies Layoff Report (CSCO)

247wallst — Fri, 10 Jul 2009 17:17:04 +0000

There have been many reports today regarding the Thomas Weisel call for more layoffs out of Cisco Systems Inc. (NASDAQ: CSCO), which was never really clear or certain if the layoffs were new or were part of an earlier round of layoffs. The 1,500 to 2,000 layoffs have been clarified to us by an external [...]

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Is Cisco Having More Layoffs? (CSCO)

247wallst — Fri, 10 Jul 2009 15:47:39 +0000

Cisco Systems, Inc. (NASDAQ: CSCO) may be back to conducting layoffs. A report from Thomas Weisel says that Cisco is in the process of cutting another 1,500 to 2,000 workers as it looks to squeeze expenses further by another $200 to $250 million. If the report is true, this would at least on the [...]

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Biotech Business Daily (BIIB, VRTX, ALNY, STEM)

247wallst — Fri, 10 Jul 2009 15:07:39 +0000

Here are some of the top stories affecting key drug and biotech stocks this Friday. We also have links through to more detailed coverage and analysis at BioHealthInvestor.com: Biogen Idec Inc. (Nasdaq: BIIB) kicks off the earnings season for the large biotech companies next week. We have a full earnings preview with current expectations and the [...]

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GM CFO Outlines IPO Timeline… Or Re-IPO (GMGMQ, GM)

247wallst — Fri, 10 Jul 2009 14:52:23 +0000

Everyone wants to know when an initial public offering of General Motors (GMGMQ) will occur. Its emergence from bankruptcy has only expedited the curiosity of when the company will be public again. GM’s new CFO Ray Young just gave a rather lengthy CNBC interview and this was among the issues discussed. Young said that the new [...]

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Consumer Sentiment Heading The Wrong Way

247wallst — Fri, 10 Jul 2009 14:12:56 +0000

The University of Michigan has reported its preliminary consumer sentiment report for July. It seems that the “confidence” portion may be limping back towards impotence. The mid-July report showed a reading of 64.6, down from a consensus estimate of 70 from Bloomberg and from 70.8 in June. The current index was at 70.4, down from 73.2 [...]

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Rosetta Stone Goes After Google in Adwords Suit (RST, GOOG)

247wallst — Fri, 10 Jul 2009 13:55:43 +0000

By now just about everybody knows who Rosetta Stone, Inc. (NYSE:RST) is for its leadership in language learning and translation software. It seems that Google Inc. (NASDAQ: GOOG) has gotten caught up on the wrong side of the line in an advertising-related case. Rosetta has sued Google and is seeking to prevent the search engine [...]

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Top Day Trader Alert Stocks (CIT, DELL, WDC, DDSS, INFY, ASML)

247wallst — Fri, 10 Jul 2009 13:06:39 +0000

These are some of the top stocks to watch for active trading today based on pre-market and after-hours volume activity. There are links through to more detailed coverage and volume analysis at VSInvestor.com: CIT Group Inc. (NYSE: CIT) are down about 17 percent in the premarket on reports that the FDIC is unwilling to guarantee CIT’s [...]

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GM: Out Of the Chapter 11 Frying Pan And Into The Market Fire

247wallst — Fri, 10 Jul 2009 13:00:09 +0000

The “best” parts of GM were transferred to a newly created company, owned almost two-thirds by taxpayers, at about 6.30 AM today. The federal government will end up stuffing a total of $50 billion into the new entity in the hope that a smaller and less debt-heavy GM can make money in the ravaged domestic [...]

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