Today’s tickers: RIMM, BP, NXY, MMM, USB, WFC, GS & GE RIMM – Research in Motion – Terrible results from fellow-handset maker, Palm clouded the prospects for RIMM as well as the mobile phone industry sending shares of the Canadian manufacturer of the Blackberry device 7% lower to $37.02. The company recently faced delays in shipping its novel Blackberry Storm, but news tha...
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Research in Motion (RIMM) – Terrible results from fellow-handset maker, Palm clouded the prospects for RIMM as well as the mobile phone industry sending shares of the Canadian manufacturer of the Blackberry device 7% lower to $37.02. The company recently faced delays in shipping its novel Blackberry Storm, but news that Palm recorded revenues of $190 million from sales of its seven-year o...
Canadian stocks continue their downturn following their 9.3% plunge in the previous session, led by financial shares after a warning from Manulife Financial Corp.
Dr. James Schlesinger says the U.S. attitude towards oil “has only two modes – complacency and panic.” Schlesinger should know. In the 70’s he closely watched the Middle East as the U.S. Secretary of Defense. Then he would move onto become the first U.S. Secretary of Energy when oil prices were really starting to move up during the Carter Administration. He was in the th...
The rally from just below 1.15 is in 5 waves and could be a truncated 5th wave.
Solarfun Swoons; Collins Stewart Cuts Ests Ahead Of Earnings Tomorrow; Sees Possible Cash Crunch Ahead
Mon, Dec 1, 11:33 AM ET
Collins Stewart solar analyst Daniel Ries once again is cutting estimates for a solar company ahead of earnings. On November 19, Collins cut numbers for Suntech (STP) ahead of earnings, rightly anticipating a big drop in guidance. On November 14, he made a similar move on Canadian Solar (CSIQ); it was another prescient call, preceding terrible Q4 guidance a week later. Today, he zeros in on Sol...
Canadian Markets: Canadian stocks fall sharply, as commodities lead broad slide
Mon, Dec 1, 11:08 AM ET
Canadian stocks fall sharply, led lower by mining shares, as tumbling commodity prices and grim economic data from around the world weigh on sentiment.
John McIlveen, a veteran securities analyst specializing in renewable power, turns The Energy Report on to a hot but hardly new source of energy in this exclusive interview. Geothermal power runs 24/7, is clean, cost-competitive and ready now. McIlveen, who recently joined Jacob & Company, an independent investment bank providing financial services to the renewable power sector, shares the...
The euro / dollar remains in a range. Until this range is broken, there is little confidence in USD direction. There are signs that the USDCAD is reversing...
TARP Global economic concerns, fears of a global economic slowdown as well as disappointing readings of manufacturing activity adding fuel to the fears of investors and main street America as well as, around the world. The major U.S. market indices posted a heavy selloff consisted of triple digit losses, into the closing bell. The DOW posted its fourth worst point loss in history, today as we b...