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• Four utility stocks worth a closer look

  Posted Sep 02 2009, 12:03 PM by Minyanville
  Rating:
  Filed under: Countrywide, Utilities, Todd Harrison
  Money Blog: Top Stocks Blog - MSN Money

  This article is written by Minyanville's Quint Tatro
  

  Many of you will recall my bearish view of the utility stocks in the beginning of this year. While the trade took quite a bit of patience, it paid off handsomely. Well, we may be seeing a repeat of the trade that I want to bring to your attention. Several charts have started popping up on my grid, and with the current market weakness, I would be amiss to not follow the money flow.

  While typically not your market movers or high-volume leaders, utility stocks are showing some bearish characteristics that a wise trader might want to invest a dime in and investigate further. I’ll use daily charts to highlight current movement, as traders may want to capitalize on opportunities in conjunction with the current broad market weakness.

  FPL Group
  The Trade: Short FPL on break of neckline at 55. Click here to see chart.

  A chart that has struggled for months has been FPL Group (FPL). Bouncing around in the high 50s trying to gain traction, market internals have finally wrestled FPL into submission, making the current setup a possible shorting candidate.   Read More...

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• Obama oratory fails to woo Wall Street

  Posted Jan 21 2009, 02:54 AM by Bernhard Warner and Matthew Yeomans
  Rating:
  Filed under: Google, Sony, Merrill Lynch, Bank of America, Intel, IBM, Utilities
  Money Blog: Top Stocks Blog - MSN Money

  This post comes from partner site The Big Money. 

  Inauguration Day usually makes for a lackluster trading session, but yesterday's was historically bad, as the Dow sank 4%, dipping below 8,000 and erasing the early rally of 2009. Financial stocks again led the way down.

  The New York Times reckons it was one of the "worst Inauguration Day losses in more than a century," as investors turned a deaf ear to the incoming president's message to choose hope over fear.

  There is not much hope in the numbers. The newspaper gloomily reminds us, "housing values are falling faster, trade is shrinking and the unemployment rate, now at 7.2%, is expected to hit 9% or more." The Wall Street Journal adds the task of sorting out America's stricken financial sector to President Obama's growing to-do list.   Read More...

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• If Sirius has to be sold, who will buy?

  Posted Apr 03 2008, 11:45 AM by Douglas McIntyre
  Rating:
  Filed under: Apple, Comcast, Ford, DirecTV, Verizon, Sirius XM, AT&T, Time Warner Cable, Toyota, GM, Utilities, Dish Network
  Money Blog: Top Stocks Blog - MSN Money

  When the Justice Department cleared the merger of Sirius with XM Satellite there was anticipation that once the deal got done the shares of both companies would go up. A year ago, the combination was viewed as a dream deal.

  If anything, the shares have dropped. Sirius is below $3 and XM is below $13. The market began to realize that the year wasted on getting government approval was a year the companies need to stay competitive. XM has over $1 billion in debt. Refinancing it in the current market would be nearly impossible. Selling shares would lead to extremely large dilution.  As we recently noted, Goldman Sachs even put Sirius on its "Conviction Sell List" with a price target of $2.25.

  Growth at Sirius has slowed considerably. In the fourth quarter revenue rose only 29% to $250 million. But, for the full year, revenue was up 45%. Subscriber deactivations in the fourth quarter were almost 540,000 compared to 330,000 in the same quarter of 2006. The firm's net loss was $166 million. Long-term debt was almost $1.3 billion.   Read More...

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