One of the auto industry's most closely guarded secrets - the big cost of batteries for electric cars - has spilled out, as Ford (F) CEO Alan Mulally indicates battery packs for its Focus electric car costs $12K-$15K apiece. Ford is currently promoting its new $39,200 Focus EV, with a 23 kilowatt-hour battery pack. [View news story]
as they say, "there's a sucker born every minute".
Helping Citigroup (C +3.2%) rally today is an upgrade to Hold from long-time critic Meredith Whitney. Whitney praises Citi's improving operating metrics and low valuation, and says she's impressed with the rebound in the bank's equity trading and FICC ops demonstrated by its Q1 report. “She’s starting to sound a little like Dick Bove," quips Pete Najarian. (earlier) [View news story]
why anybody listens to this "chick" reminds me of a famous quote from a Salomon trader back in the 80's, "Those who say don't know, those who know don't say"......enough said.
Baird raises its price targets for coffee brewers due to lower coffee prices, citing increasing earnings visibility, solid demand trends and muted Q1 earnings expectations. It raises Starbux (SBUX +1.5%) to $65 from $58, Peet's Coffee (PEET -0.8%) to $95 from $76, and Caribou (CBOU -2.5%) to $23 from $22. [View news story]
I got dizzy just looking at PEET's chart and at 40x times this year's earnings with operating margins hovering around 8% and return on equity of a little over 10% this one seems a might "rich". But heck, why rain on this enthusiastic sell side appraisal!
Davenport downgrades a few coal stocks this morning, citing a lack of catalysts and headwinds from cuts in production, lowered guidance and rising thermal coal inventories. The firm cuts Alpha Natural Resources (ANR +1.2%), Peabody Energy (BTU -0.2%) and CONSOL Energy (CNX +2.7%) all to Neutral. [View news story]
One more sell side analyst asleep at the wheel. Who says these guys don't add value!!
Global Hunter Securities cuts Baker Hughes (BHI -4.6% to $45.60) to Neutral from Accumulate and slashes its price target to $40 from $60 following the firm's profit warning. Global Hunter is also unhappy about "the lack of visibility as to when international will rebound and how BHI-specific NAM issues will be resolved." [View news story]
Boy this guy is on the ball...got to hand to the him, he certainly has the pulse of the NA drilling market. Value added market call for sure at 52 week lows, keep up the good work!!
One of the auto industry's most closely guarded secrets - the big cost of batteries for electric cars - has spilled out, as Ford (F) CEO Alan Mulally indicates battery packs for its Focus electric car costs $12K-$15K apiece. Ford is currently promoting its new $39,200 Focus EV, with a 23 kilowatt-hour battery pack. [View news story]
Helping Citigroup (C +3.2%) rally today is an upgrade to Hold from long-time critic Meredith Whitney. Whitney praises Citi's improving operating metrics and low valuation, and says she's impressed with the rebound in the bank's equity trading and FICC ops demonstrated by its Q1 report. “She’s starting to sound a little like Dick Bove," quips Pete Najarian. (earlier) [View news story]
Baird raises its price targets for coffee brewers due to lower coffee prices, citing increasing earnings visibility, solid demand trends and muted Q1 earnings expectations. It raises Starbux (SBUX +1.5%) to $65 from $58, Peet's Coffee (PEET -0.8%) to $95 from $76, and Caribou (CBOU -2.5%) to $23 from $22. [View news story]
Davenport downgrades a few coal stocks this morning, citing a lack of catalysts and headwinds from cuts in production, lowered guidance and rising thermal coal inventories. The firm cuts Alpha Natural Resources (ANR +1.2%), Peabody Energy (BTU -0.2%) and CONSOL Energy (CNX +2.7%) all to Neutral. [View news story]
Global Hunter Securities cuts Baker Hughes (BHI -4.6% to $45.60) to Neutral from Accumulate and slashes its price target to $40 from $60 following the firm's profit warning. Global Hunter is also unhappy about "the lack of visibility as to when international will rebound and how BHI-specific NAM issues will be resolved." [View news story]
Wednesday Options Recap [View article]