| Stock |
Movement |
Reason |
Our Comments |
| DG |
Down $1.75 |
Earnings, secondary offering. |
Earnings okay, but secondary offering puts stock under pressure. |
| HPQ |
Up 14 cents. |
Seeks damages from ORCL. |
Seeking damages from ORCL for software support. Trading up a bit, but gains could be short-lived as chart is still ugly. |
| JPM |
Down 27 cents. |
Trading losses grow. |
Bloomberg reporting that trading losses might have grown to $4.2 Billion. Stock continues to move lower, may find some initial support in 30 area, with major support in 28 area. |
| SBUX |
Down 1 point. |
Acquires Bay Bread. (Bloomberg) |
Acquires Bay Bread for $100 M in cash. Yesterday’s low of 51.49 may provide some support. |
| FDX |
Offered down. |
Increases dividend, announces one-time charge. |
FDX raises it’s dividend by a whopping penny, but also announces a 26 cent charge against 4th quarter results. Breaking down through support at 85 yesterday, stock has some air below. |
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I agree there are risks to the economy. Flooding a few large banks and insurance companies with hundreds of billions in liquidity is a very bad strategy.