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The next big government spending spree

by John Browne Baltimore — (TFN): As the economic indicators turn down and election year politics heats up, the calls from politicians for more government intervention and enhanced economic stimulus are becoming more strident. Last week, with the onset of the general presidential campaign, and with increased attention on the economy shown by the Bush administration, [...]

Eagle Bulk Shipping (NASDAQ:EGLE), Navios Maritime (NYSE:NM), China Cosco (OTC:CICOF) represent great entry levels into the bulk shipping boom

Eagle Bulk Shipping Inc. (NASDAQ:EGLE), Navios Maritime Holdings Inc. (NYSE:NM), China Cosco Holdings (OTC:CICOF) represent great entry levels into the bulk shipping boom! Read more

Trouble for U.S. carmakers like Ford (F:NYSE) and GM (GM:NYSE) spell opportunity for foreign competition

U.S. carmakers like Ford (F:NYSE) and GM (GM:NYSE) are suddenly selling more cars than SUVs and trucks. Accordingly, they’re shutting down truck and SUV factories. Even GM’s Hummer brand may be up for sale. Good news for the Chinese and Indian automobile industry! Watch the video now! Read more

Second Fiscal Quarter Results Bode Well for Stewart Enterprises Inc. (STEI:NASDAQ)

by Laura Cadden, TodaysFinancialNews.com Baltimore — (TFN): Back on February 28 of this year, I recommended Stewart Enterprises, Inc. (STEI:NASDAQ) to TFN readers as a long-term hold. Check out my initial research report here. Slowly but surely, we’ve seen our stock value increase about 5% for this national supplier of “death care services”. Today the [...]

Economists peg U.S. Trade Balance for April at -$58- to $60-billion deficit

Baltimore — (TFN): The one major piece of economic data to be released June 10, at 8:30 AM, will be an update of the U.S. Trade Balance for April 2008. After a current account deficit of -$58.2 billion in the preceding month, economists peg this batch of data at a deficit of -$58- to $60-billion. Tough [...]

This is Worse than the Credit Crunch

“The vague hope that the financial fallout was over has seen stock markets around the world rally somewhat since their low points earlier this year. But news at the end of last week knocked them for six.” — John Stepek by John Stepek Baltimore – (TFN): The markets have [...]

Heico Corp. (NYSE:HEI) drops 19% on sector panic selling

Baltimore — (TFN): In Friday’s market bloodbath, jet engine and aircraft component replacement parts maker Heico Corp. (NYSE:HEI) dropped -18.58%, closing at $40.13. After-hours trading smoothed out the drop up to $41.22. Apart from heedless sector panic, there’s not a whole lot to explain this drop at this point. HEI is one of those rare birds [...]

Pending home sales reported at 10 A.M.

Baltimore — (TFN): Economic news for Monday, June 9, are of the same caliber as Adam Sandler movies: You’re amazed anyone’s paying attention… but they move a lot of cash. At 10:00 AM, Pending Home Sales are scheduled to be released. Expectations run at a drop of -1.0%. In a market grasping for straws of good [...]

Dollar Bear torpedoes the Fed’s “Strong Dollar Policy”

Baltimore — (TFN): Ever since Robert Rubin began the tradition in the mid-1990s, it has been a significant element of the Treasury Secretary’s job description to continuously state that a strong dollar is in the national interest. It is widely regarded that such utterances, if repeated often enough, can constitute the sum total of what [...]

Get ready to cover our short stock pick PokerTek (NASDAQ:PTEK)

Action to Take: Get ready to cover our short stock pick PokerTek (NASDAQ:PTEK) at $4.55 and below Baltimore — (TFN): I have to confess that nothing annoys me as much as the silly theatrics surrounding a poker game. I’d rather watch middle school chess than the last Bond movie (which, if you whittle it down, really [...]

Take profits on momentum stock pick Sequenom, Inc. (NASDAQ:SQNM)

Baltimore — (TFN): Wednesday’s momentum trade Sequenom, Inc. (NASDAQ:SQNM) soared to $12.30 this morning. Yesterday, we told you that we’d take profits between $11.40-11.50 if we can. As I’m writing, the stock is trading at between $11.80-11.90. It would be nice to get $12 and above for our speculation, but I’d like to get out of this [...]

Momentum stock pick: Inspire Pharmaceuticals, Inc. (NASDAQ:ISPH)

Baltimore — (TFN): After taking profits of up to 27% in two days on SQNM, today’s momentum stock pick is Inspire Pharmaceuticals, Inc. (NASDAQ:ISPH). The Durham, NC-based biopharmaceutical company today announced that the Phase 3 trial with Denufosol, a cystic fibrosis drug, achieved its primary endpoint. The news sent the stock up 53% in the [...]

Dollar Bear takes on inflation hunters at the Fed

by John Browne Baltimore — (TFN): This week I watched Fed Chairman Ben Bernanke charm the rain-soaked graduating class of Harvard, my Alma Mater. As he spoke, I was reminded of an anecdote involving President Franklin D. Roosevelt during the commencement speech he gave at Harvard in 1936: Amidst a similar downpour, he said, “Well, Harvard [...]

Unemployment rate and wholesale inventories reports out June 6

Baltimore — (TFN): After Thursday’s release of initial jobless claims, there will be a bunch of government statistics reported on Friday: 8:30 AM — Nonfarm Payrolls for May. After last month’s decrease of -20,000, experts expect at least -50,000. We’re not so sure: So far, expectations regarding the labor market have been coming in on the [...]

TFN momentum stock pick Sequenom, Inc. (Nasdaq:SQNM) up 20% in a day

Baltimore — (TFN): Our momentum stock pick Sequenom, Inc. (Nasdaq:SQNM), which had soared over 20% on news that its nucleic acid technology is able to detect Down’s syndrome, continued to pack on the shekels today, gaining an additional 20%. The stock traded at $9.24 at the time we recommended it on June 4. It went as [...]

TFN discount retail stock pick COST is up 12-17%

Baltimore — (TFN): Our TFN discount retail stock pick Costco (COST) today announced that same-store sales gained 7% in the U.S. and 15 percent at international locations. Not bad for a recession: The 9 percent gain for the whole company beat the 7 percent average estimate of 16 analysts, based on figures provided by Retail Metrics [...]

TFN accurately forecasts initial claims numbers

Baltimore — (TFN): The Labor Department reported that the number of Americans filing first-time jobless claims unexpectedly fell last week. Initial claims decreased to 357,000 in the week that ended May 31, the lowest level in more than a month. Analysts had expect new claims to come in at 370,000. Not TFN, however! Yesterday we wrote: “We [...]

Mark to Market Caused the Subprime Crisis

“Once upon a time, asset valuation was easy, even for banks. Whatever you paid for it (the asset) was the value at which you carried it in the books.” — Martin Hutchinson by Martin Hutchinson Baltimore – (TFN): “When I use a word” said Humpty Dumpty in Lewis Carroll’s Through the Looking-Glass, “it [...]

Initial Jobless Claims expected to come in high

Baltimore — (TFN): On June 5, at 8:30 AM, the Labor Department will report Initial Jobless Claims for the week ending 05/31. For the last reporting period, in the week ended May 24, initial jobless claims had risen by 4,000 to 372,000, from a revised 368,000 the prior week. Analysts expect new claims to come in [...]

Options Investing: Banking on the weather

“The commodities to keep an eye on are the ones you are already reading about. The corn, sugar, and wheat industries are up against a wall.” - Andrew Snyder By Andrew Snyder Ketchikan, AK (TFN)– Few investors would ever use a weatherman for their financial advice. After all, if a guy cannot accurately predict the weather 50% [...]

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