Latest News

Gold a Hold or a Fold?

SEPR’s SEP-225289 failed to meet primary efficacy endpoint & FDA puts Lunesta pediatric studies on hold. Citigroup cancels credit card deal with GE over price. European Central Bank likely to …

July 2, 2009 | Leave comment | Read More

No More Half Ticks in Bond Futes

FRPT down 35% after loss of $1B contract to OSK (up 30%). Microsoft’s Bing slowly taking searches from Google. Aeropostale expects strong back-to-school season. American Apparel receives notice from ICE …

July 1, 2009 | Leave comment | Read More

iPhone + Poor Network = Overpriced MP3 Player

Morgan Stanley upgrades TSL to Overweight; YGE to Equalweight. Treasury to unveil PPIP on July 1. Chain store sales up 1.6% vs. prior, up 0.6% YoY - ICSC/Goldman; down 4.3% …

June 30, 2009 | Leave comment | Read More

Risks Still Loom

Solar Winds (SWI) being initiated by Jefferies, Thomas Weisel, Morgan Stanley, and Ladenburg, at Buy, Outperform, Overweight, and Buy, respectively. DFS upgraded by Keefe Bruyette, target raised to $14. China …

June 29, 2009 | Leave comment | Read More

Fertilizer Biz in the Shitter

Potash Corp guides lower for Q2, all fertilizer stocks taking hit. Indonesia suspends Blackberry sales until RIMM opens local service center. Credit Suisse upgrades UBS. UK extends short-sale rules indefinitely. …

June 26, 2009 | Leave comment | Read More

Hedge Them Dollars

IATA says global air passenger demand is down 9.3% in 2009 thru May. FSLR downgraded by Canaccord Adams. Alcoa upgraded by Citigroup. Coal miners PCX and MEE upgraded by Maquarie. …

June 25, 2009 | Leave comment | Read More

Google Voice?

MON beats on net, misses on revs; reaffirms FY09 guidance pointing to low end of expected range. Ag/chem stocks up on MON results despite K+S reducing its 2010 potash market …

June 24, 2009 | Leave comment | Read More

Goldman Denies There Will be Huge Boni Paid

ECB to offer unlimited one-year notes to stimulate economy. Boeing delays Dreamliner initial flight again. MS estimates lowered by FBR, cite TARP repayment, debt valuation adjustments, and real estate losses. …

June 23, 2009 | Leave comment | Read More

Line at the Apple Store

Apple iPhone 3G goes on sale today. Zurich examining idea of reducing size of some Swiss banks. SEC looking into “dark pools”. ETFC offering: 435mm shares at $1.10. FBR downgrades …

June 19, 2009 | Leave comment | Read More

Microsoft is the Big Brother Advertising Company

SNB plans intervention in fx markets to prevent further appreciation of Swiss Franc. FDO initiated at Outperform by Cowen. NBC to use MSFT technology to sell individual consumer targeted advertising. …

June 18, 2009 | Leave comment | Read More

Buy Chinese Buy American

Potash stocks trade lower on weak European demand. Swiss government cuts outlook, expects contraction of GDP by 2.7% for 2009; widens stimulus plan. S&P lowers ratings on 22 large to …

June 17, 2009 | Leave comment | Read More

Boeing Has Dreams, Crocs Has Pipedreams

Industrial production down 1.1% vs. 1.0% consensus; prior revised down two ticks; capacity utilization drops slightly, misses consensus by a tick. May housing starts 532 vs. 485 consensus; April revised …

June 16, 2009 | Leave comment | Read More

AT&T and Apple and Oil and Vinegar

AT&T stores reportedly sold out of iPhone 3G pre-order stocks. Dollar rallies on comments by Russian finance minister. Lazard raises target on SPWRA to $40, YGE to $20, and SOL …

June 15, 2009 | Leave comment | Read More

Transformers: Money in Disguise

Commodities and commodity stocks showing weakness as dollar shows strength, and with oil down solar follows. China industrial output up 8.9% vs. 7.8%. Japan confident with US Treasury purchases despite …

June 12, 2009 | Leave comment | Read More

Fertilizer is the Shit

Stern Agee initiates coverage of fertilizer stocks; rates TRA($35 target), POT($150), & AGU($62) at Buy; CF($95) & MOS ($63) at Neutral. Unemployment initial claims 601k vs. 615k consensus, continuing claims …

June 11, 2009 | Leave comment | Read More

US Attorney: Know When to Hold’em

MBA mortgage applications down 7.2%. HD raises 2009 EPS guidance, re-affirms revenue estimates; says worst of housing correction is over. BHP cuts coking coal price 58%. GOOG’s settlement with publishers …

June 10, 2009 | Leave comment | Read More

Bossing US Banks Around Isn’t Enough

US chain store sales up 0.2% vs. down 0.6% in prior week, down 0.8% YoY - ICSC/Goodman; down 4.4% YoY - Redbook. Susquehanna raises AAPL target to $170, Credit Suisse …

June 9, 2009 | Leave comment | Read More

Under the TARP

Citigroup may sell stake in HDB. FBR expects solar inventories to hamper Q2 earnings. US may have the coal reserved believed, but Energy Information Administration says most can not be …

June 8, 2009 | Leave comment | Read More

RIMM for GRMN?

Personally I don’t think Garmin can survive on it’s own. For over a year now I have been saying Garmin should be buying Lojack (LOJN) Sirius XM (XMSR). The …

June 5, 2009 | Leave comment | Read More

Nobody Shopping

Goldman raises it’s price target on oil to $85. CORS hire BAC to aid in sale. UK home prices up 2.6% in April. Oppenheimer target for AAPL raised to $160. …

June 4, 2009 | Leave comment | Read More

Sponsors

Links

Archive

The Art of the Spread - MS vs. GS

Long 5 shares of Morgan Stanley(MS) @ $26.25
vs.
Short 1 share of Goldman Sachs(GS) @ $134.50

Net cost: - $3.25

Can’t sell stock? Buy a deep put or sell a deep call for the GS leg.