After being beaten down to single digits, MBI has been climbing back strong. A clear winner amongst the financial stocks, MBI had some news after hours that prompted this amazing move:
MBIA Inc Reinsuring $184B portfolio of investment-grade US public finance credits insured by Financial Guaranty Insurance Company, receiving unearned upfront premiums of about $741M
- The […]
Its about time the sellers kicked back in, now that the short selling restriction has been lifted, shorters are hitting FRE and FNM hard!
The Barrons article over the weekend which questioned the ability of both FRE and FNM to last through the housing crisis hit the stocks today.
Get more of the article and some comments […]
ELN has taken a beating over the past few weeks on bad news about a deadly brain infection in two patients taking Tysabri. However, on Friday we saw some unexpected strength in early trading which then snowballed into a full blown rally +19% to $14.07. The rally was sparked by rumors of a take over […]
We are seeing some relative strength in LEH in early morning trading, going up as much as $17.35 after news on the wires last night that Soros has taken a position of 9.5M shares in the battered financial company.
LEH was doing better than the rest of the group, but as WB, GS and JPM got […]
The HotStockMarket lists and chart snap shots of solar stocks has been updated.
The following stocks are exhibiting strength and making new 52wk highs:
Symbol Last
ACL 157.5
ARA 81.53
BAP 81.54
BNI 100.14
CHK 54.53
CLF 166.17
CRK 46.77
CSX 62.18
DCOM 18.81
DRS 62.02
ELN 27.12
ELNK 9.13
FRO 56.41
HCBK 19.06
HCN 50.4
JOYG 77.33
MATK 36.28
NFG 52.86
NITE 19.42
Opening with a gap of 2% or higher with most active volume include:
QCOM hitting $40.87
YHOO +3% to $28.40
COST +2% to $67.01
GILD +3.4% to $51.31
JNPR +5% to $26.77
Visit the stock message boards for more on these companies and other movers.
The next stock everybody is eying out as a disaster waiting to happen is Lehman Brothers (LEH message board).
From yahoo:
* Like Bear Stearns, Lehman is relatively small and undiversified.
* Like Bear Stearns, Lehman just reiterated that its “liquidity position is strong.”
* Like Bear Stearns, at least one of Lehman’s trading partners is cutting it off: […]
In the latest marketwatch article, JPM is mentioned to be buying BSC for $2 per share, however, CNBC reported $15 earlier in the day. Looks like we will have to see the real numbers tomorrow.
