U.S. Major Indices
| Dow | 10318.16 | -14.28 |
| S&P 500 | 1091.38 | -3.52 |
| Nasdaq | 2146.04 | -10.78 |
| 10 Yr. % | 3.356 | +0.007 |
Live Stock Quotes
- November 22, 8:54 am: One of the main questions being pondered at Guangzhou Auto show this week is whether Beijing will continue its generosity, which has boosted the market by 45% YTD. GM China chief Kevin Wale thinks it will, which would be a boon to GM, given its commanding market share.
Post your comment!- November 22, 6:00 am: Goldman Sachs (GS) spokesman Lucas van Praag responds to the New York Times' questions about its exposure to AIG (AIG), pre bailout. While admitting that "a collapse of AIG would have had a very disruptive effect on the financial system, and that everyone benefited from the rescue of AIG," he maintains - despite evidence to the contrary - that Goldman's exposure "was close to zero."
2 comments!- November 22, 5:16 am: Gretchen Morgenson says TARP Inspector General Neil Barofsky's in-depth analysis (.pdf) of the AIG (AIG) bailout is a must read for anyone hoping to understand why the $182B "rescue" still ranks "as the most troubling episode of the financial disaster." Unfortunately, she notes, Congress seems more interested in rushing through its financial reform agenda than to understand why the current system's broken.
1 comment!- November 21, 11:00 pm: Barron's Bill Alpert thinks investors are overestimating the potential of Valeant Pharmaceuticals' (VRX) prospective epilepsy drug (retigabine) to offset waning royalties from its top-selling antiviral drug ribavirin. Two key issues are widespread complaints of side effects by test subjects, and a fierce push by prescription-drug plans to move patients to generics.
Post your comment!- November 21, 5:49 pm: NPR's Planet Money spends a day with Barney Frank's Financial Services Committee. "We talked to 13 congresspeople, 12 of whom admitted that they don't understand this at all. And the guy who thought he did really didn't."
6 comments!Market Movers
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- 11:44 pm: BP Revamp Bears Fruit
- 11:41 pm: Honda Earnings Beat Expectations
- 9:49 pm: Steelmakers Suffer From Weak Demand
- 3:13 pm: Chinese Airlines Report Profits
- 10:34 am: Reliance Makes Offer for LyondellBasell
- 8:40 am: Sands China Raises $2.5 Billion
- 1:33 am: Hershey Trustees Back Cadbury Bid
- 7:45 pm: Morgan Unloads Crescent
- 7:09 pm: 'Fast Money' Recap: Turkey Trades
- 2:42 pm: DryShips, Synovus: Late Volume Plays
- 8:27 am: DryShips, Novavax: Early Movers
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The domestic natural gas industry has fallen on hard times due to a supply glut and a sharp fall in commodity prices over the course of the last year, but with last week’s latest news things are beginning to look up again. T. Boone Pickens, the long time crude oil bull turned alternative energy maven, has begun working on legislation that is gathering very impressive bipartisan support. The conveniently named NAT GAS Act (New Alternative Transportation to Give Americans Solutions) was introduced by Pickens along with Senate Majority Leader Harry Reid (D-NV), Senator Robert Menendez (D-NJ), and Senator Orrin Hatch (R-UT) in a letter to President Barack Obama on July 8th, 2009. The group’s legislation provides a real fundamental shift in the way investors should analyze natural gas companies, especially those in the natural gas transportation industry such as Energtek, Inc. [[EGTK.PK]]. Read more » |
Boone Boosts Energtek
The domestic natural gas industry has fallen on hard times due to a supply glut and a sharp fall in commodity prices over the course of the last year, but with last... Read more »
The Long and the Short of it All
We are presenting a list of companies which we believe are currently mispriced, based on our estimate of fair value, by the market. We develop our fair value ranges... Read more »
MWW Automotive Group Enters into Distribution Contract
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Natural Resources, Energy and Precious Metals Update
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A Tipping Point?
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The Banking System Is Sitting On It’s Hands
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