-
Benzinga’s Top Downgrades (COMV, CHRD, VRSN, CSX, BOFL)
Friday, November 20, 2009 - 10:19am | 168Read More...Comverge, Inc. (NASDAQ: COMV) was today downgraded by Ardour Capital to Hold from Buy, and reduced their price target to $11.50 from $17. COMV is now down 4.81% at $10.09. In the last six months, COMV is up only 3%. Chordiant Software, Inc. (NASDAQ: CHRD) was today downgraded by Wedbush Morgan to...
-
Benzinga’s Top Upgrades (TLP, RDEN, PFWD, CSX, TX, MBT, RWT, CCO, NDAQ)
Thursday, November 12, 2009 - 11:29am | 315Read More...TransMontaigne Partners L.P. (NYSE: TLP) upgraded by Wunderlich from Hold to Buy at a price target of $26.50. TLP is now trading at $24.10, 2.73% up. The 52 week trading range for TLP is $11.27 - $29.07. Elizabeth Arden, Inc. (NASDAQ: RDEN) climbed 6.95% to $13.39 on 253K shares. Today Sun Trust...
-
Kanundrum Research Believes In Transport Sector
Wednesday, November 11, 2009 - 2:58pm | 116Read More...Brian Kelly of Kanundrum Research said on CNBC's Fast Money that he likes transport sector and thinks that the sector is a good play if you believe in the economic recovery. Norfolk Southern Corp. (NYSE: NSC) is the stock Brian Kelly owns. He believes that a railroad trade is a bet on China and a...
-
Company News for November 10, 2009 - Corporate Summary
Tuesday, November 10, 2009 - 9:31am | 375Read More...• Priceline.com (NASDAQ:PCLN) reported adjusted third quarter earnings of $3.45 a share, 55 cents above consensus estimates, on better-than-expected revenues of $730.7 million, ahead of estimates of $$693.97 million on strong summer season travel. The firm provided fourth quarter guidance at about...
-
Recovery Investing: Three ETFs to Consider
Monday, November 9, 2009 - 5:23pm | 534Read More...Last week the Labor Department reported an unemployment rate above 10% for the first time since the early-1980s. The market seemed unconcerned, closing with a gain on the day the numbers came out. Plenty of people seem to think the worst is behind us. After all, if government reports are to be...
-
Berkshire To Part With Union Pacific, Norfolk Southern Stakes (UNP, NSC)
Monday, November 9, 2009 - 3:40pm | 80Read More...Warren Buffett's Berkshire Hathaway (NYSE: BRK.A, BRK.B) will have to shed its massive stakes in railroad operators Union Pacific (NYSE: UNP) and Norfolk Southern (NYSE: NSC) as it moves to complete its $26.3 billion buyout of Burlington Northern Santa Fe (NYSE: BNI). Berkshire plans to sell 9.6...
-
Will There Be More Cost Cuts At Berkshire’s (BRK.A) Companies?
Monday, November 9, 2009 - 7:22am | 166Read More...Bloomberg says that the managers of various companies in which Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK.A) has made investments, may cut costs. Bloomberg quoted Jeff Matthews, of Ram Partners LP saying that Berkshire has already issued pink slips and closed plants as recession reduced...
-
Barry Ritholtz Shreds Warren Buffet
Sunday, November 8, 2009 - 11:26am | 1987Read More...Some great posts this weekend over at "The Big Picture" by Barry Ritholtz; Barry is essentially the "trailblazer" of financial blogging and many a blogger has followed in his footsteps. In my piece this past week on the Berkshire Hathaway (BRK.a) Burlington Northern (BNI) buyout I didn't have time...
-
Texas ETF Begins Trading: TXF
Thursday, November 5, 2009 - 7:23am | 457Read More...Following last week’s launch of an Oklahoma-focused ETF, yesterday (11/4/09) the same firm introduced its Texas version. TXF Large Companies ETF (TXF) is the second offering from OOK Advisors. Those who read my post last week about OOK will recall that I said it is essentially an energy fund in...
-
The Top ETF Gainers Today (AGQ, GDX, GLD, EDC, EFO, IYT)
Wednesday, November 4, 2009 - 3:15pm | 372Read More...It was a busy day for Exchange traded funds as ETFs from a diverse set of industries posted gains today. The top Gainer among all ETF’s today was Proshares Ultra Silver (NYSE: AGQ) which gained 10.38% after silver prices rose behind the falling dollar. Proshares Ultra Silver measures twice the...
-
S&P May Downgrade Berkshire, Upgrade Burlington Northern
Wednesday, November 4, 2009 - 3:06pm | 132Read More...Standard & Poor's may downgraded the credit rating of Berkshire Hathaway (NYSE: BRK.A, BRK.B) after the company announced it will buy railroad giant Burlington Northern (NYSE: BNI) for $34 billion, jeopardizing Berkshire's "AAA" credit rating. The ratings agency placed its ratings on Berkshire...
-
Buffet Wagers On America’s Economic Future
Wednesday, November 4, 2009 - 10:29am | 122Read More...Yesterday, Warren Buffet, billionaire investor, struck a deal with the shareholders of Burlington Northern Santa Fe Corporation (NYSE: BNI), one of the largest US railroad operators. FT writes that this deal will help Berkshire Hathaway Inc. (NYSE: BRK.A) in utilizing its large cash pile. The deal...
-
Buffet’s Acquisition of Santa Fe (BNI)
Wednesday, November 4, 2009 - 1:58am | 69Read More...Buffet announced a 77% acquisition of the Burlington Northern Santa Fe (NYSE: BNI), attributing great value to the stock for shareholders. While there were doubts about anti-trust situations that may spring up by his trying to acquire Union Pacific or Transcontinental, the management at Burlington...
-
Coal ETF (KOL) Could Be Interesting Way To Play Buffett's BNI Buyout
Tuesday, November 3, 2009 - 3:45pm | 200Read More...One thing that few are mentioning about Warren Buffett's buyout of Burlington Northern (NYSE: BNI) is the fact that since the railroad firm operates mainly in the western U.S., it is a principle mover of coal to ports on the west coast. That coal eventually finds its way to Asia, namely China....
-
THE EASY WAY TO FIND A RUNNER
Tuesday, November 3, 2009 - 11:50am | 154Read More...This morning there was news out in the premarket that Warren Buffet's firm Birkshire Hathaway was going to buy Burlington Northern(BNI) for a $25 dollar premium above the previous day's closing share price. BNI is a leading stock in the railroad and transportation industry. This should cause a...
