Early sales figures of Motorola’s (NYSE: MOT) Droid 2 show that the smartphone is doing extremely well, with estimates of the product selling 150,000-200,000 units in its first week. Many stores which carry the phone have already sold out of their initial inventories and, Morgan Keegan analyst Tavis McCourt notes, Verizon could perhaps sell over [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Posts Tagged initial
Weekly jobless claims are getting worse and worse. At this rate we’ll be above 500,000 per week again very soon. The weekly jobless claims reported by the Labor Department rose by an adjusted 2,000 to 484,000. The prior week was revised higher to 482,000 versus the initial 479,000 reported. Bloomberg had consensus estimates of 460,000 [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Europe: Agreement Reached
May 10
Press Conference has started . Note: 9:03 PM ET: Press conference is over.
From the IrishTimes.com: Irish banks may require up to €32 billion to cover losses Irish banks may require up to €32 billion to cover the losses from bad property loans transferred to the National Asset Management Agency (Nama), it has emerged. The true scale of the “black hole” left in the sector by toxic property debt was laid bare today as Nama confirmed the initial tranche of bad loans would be acquired at a discount of 47 per cent, substantially more than the Government’s initial estimate of 30 per cent. And all the details from the Minister for Finance .
Paul Kiel at ProPublica reports: Chase and Other Servicers Leave Many in Loan Mod Limbo; Treasury Threatens Penalties About 97,000 homeowners in the government’s mortgage modification program have been stuck in a trial period for over six months. Most of them, about 60,000, have their mortgages with a single mortgage servicer, JPMorgan Chase. Trial periods are designed to last only three months, after which mortgage servicers are supposed to either give homeowners a permanent modification or drop them from the program
What Bernanke Didn’t Say
Jan 3
Note: Here is weekly summary and a look ahead . From Fed Chairman Ben Bernanke: Monetary Policy and the Housing Bubble And reports on the speech: From the WSJ: Bernanke Says Rate Increases Must Be an Option From the NY Times: Bernanke Blames Weak Regulation for Financial Crisis Dr. Bernanke said that monetary policy (a low Fed Funds rate) was probably not to blame for the housing bubble, and he used data from other countries to make this argument: “the relationship between the stance of monetary policy and house price appreciation across countries is quite weak”
It was just over the weekend that we noted how cautious and how lagging the initial public offering market has become. What a difference a couple months can make. Today marks the debut of AGA Medical Holdings, Inc. (NASDAQ: AGAM). The medical devices-maker for the treatment of structural heart defects and vascular diseases priced its [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
The weekly DOE inventories confirmed the EIA data last night, and the data is about just as bullish for oil and energy prices. The United States Oil (NYSE: USO) ETF and iPath S&P GSCI Crude Oil Total Return Index ETN (NYSE: OIL) are both responding positively in the initial reaction. Crude oil inventories fell 4.38 million [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
We have seen the new short interest data out of the NASDAQ and NYSE for the end of May reports. There are many mixed bets in the alternative energy sector. While some of these are large bets on the surface, overall there was a very small change in the latest short interest data compared to [[ This is a content summary only.
