Monthly Archives: April 2008

Big picture of The growing mortgage default crisis. Countrywide

“In the good old days, that was the best loan we had at Countrywide…” John Sipes told the Wall Street Journal. He was reminiscing about Countrywide’s “Fast and Easy” loan (aka “liar loans”), which allowed homebuyers to get a mortgage without any supporting documentation of their incomes. Originally, lenders made these loans only to folks [...]

Posted in Market Outlook | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

US HOT STOCKS: V AUY CROX Virgin Mobile, Wells Fargo -7-

US HOT STOCKS: Virgin Mobile, Wells Fargo -7-
Last Update: 4/30/2008 5:12:30 PM
Among the companies whose shares were active in after-hours trading Wednesday
were Itron Inc. (ITRI), JDS Uniphase Corp. (JDSI), and Amkor Technology Inc.
(AMKR).
Itron Inc. (ITRI) rose 5.4% to $98.10 after the data acquisition and
communication products supplier raised its 2008 adjusted earnings and revenue
forecasts. The company [...]

Posted in Market Outlook | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

Gold futures extend decline ahead of Fed’s rate decision

Gold futures extend decline ahead of Fed decision
By Polya Lesova, MarketWatch
Last Update: 11:16 AM ET Apr 30, 2008
NEW YORK (MarketWatch) — Gold futures extended their decline early Wednesday, as
traders awaited the Federal Reserve’s decision on U.S. interest rates.
Gold for June delivery fell $6.20 to $870.60 an ounce on the New York Mercantile
Exchange.
“Short-term direction will now [...]

Posted in Market Outlook | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

US HOT STOCKS TO WATCH: National Semiconductor, OfficeMax -2

US HOT STOCKS TO WATCH: National Semiconductor, OfficeMax -2
Last Update: 4/30/2008 8:18:00 AM
Among the companies whose shares are expected to see active trade in Wednesday’s
session are General Motors Corp. (GM), Starbucks Corp. (SBUX), Time Warner Inc.
(TWX) and Procter & Gamble Co. (PG).
General Motors Corp. (GM) swung to a first-quarter net loss of $3.25 billion, or
$5.74 [...]

Posted in Market Outlook | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

Stock futures dip slightly ahead of Fed’s interest-rate decision

Stock futures dip slightly ahead of Fed decision
GDP and GM, Procter & Gamble results ahead; Citigroup to raise $3 billion
By Simon Kennedy, MarketWatch
Last Update: 6:18 AM ET Apr 30, 2008
LONDON (MarketWatch) — U.S. stock market futures edged slightly lower Wednesday
as investors remained cautious ahead of an interest-rate decision from the
Federal Reserve, with Citigroup Inc. also [...]

Posted in Market Outlook | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment