Financial News

On a day like this which stocks are not doing so well? 
How about Blockbuster Inc. (NYSE:BBI), its shares are now trading for 75 cents. In the last 5 years Blockbuster has lost its business to Netflix (NASDAQ:NFLX) and its stock has dropped 91%. Consumers are done with the be-kind rewind days and Wall Street is losing its love for BBI shares.

Shares of Titanium Metals Corporation (Public, NYSE:TIE) are up 9% on the day and 13% since our buy recommendation on November 4th.

We told you they were going to gain soon from Boeing's reliance on Titanium, and news today confirmed our prediction:

RHI Entertainment, Inc. (NASDAQ:RHIE) shares started Monday over $2.75 a share and by the end of Friday's session they managed to just close at 77 Cents.  That worked out to a 73% loss in one week after RHI enraged shareholders after Q3 2009 revenue fell 82% from the previous quarter in 2008.  RHI reported an Adjusted EBITDA loss of $24.2 million for the three months ended September 30, compared to a gain of $8.9 million in the third quarter of 2008.  All RHIE shareholders can do after hearing this is scratch their heads and ask -- now what?

Like Upgrades -- Who doesn't?  Crocs Inc. (NASDAQ:CROX) scored a huge one this week from Standpoint Research who went to bat for the plastic shoemaker and set a target price that implies a 12 month gain of 77%.  Who is Standpoint Research you ask? 
Well according to the About Us page on their website the seven person team scores a pretty penny when they sell one of their Weekly Picks Annual Subscription, its only  $12,000.00 which works out to 340 pairs of Crocs classic sandals (what a bargain!)

Happy Friday all you crybabies -- The entire office staff of Altman & Hanson Accounting remained utterly baffled as to what, if anything, should be done in response to the prominent sobbing coming from the cubicle of 36-year-old clerk Jack Underwood, sources reported today.
Underwood, who has been employed by the accounting firm since 2004, reportedly began weeping sometime after 10:15 a.m. and has not shown any indication of stopping. 
 

Activision Blizzard, Inc. (NASDAQ:ATVI) is about to be blessed by the analysts covering the company, Call of Duty: Modern Warfare 2 is going to take Activision to the promised land, you can bank on a new 52-week high before 2010.

Playboy Enterprises, Inc. (NYSE:PLA) is up 25% today, as rumors are churning about a potential buyout of the struggling company.

According to two people close to the situation, Playboy is in talks to sell itself to Iconix Brand Group Inc.

How much would the company sell for?

Playboy currently has 26.91M cash on hand and 103M in debt, leaving a 75M debt load on the balance sheet.

Advanced Micro Devices, Inc. (NYSE:AMD) shares hit a new 52-week high of $6.73 a share, today's 22% increase is fueling buying as AMD shares back down to the $6.45 level.

Intel is forking out $1.25 billion to AMD, its poetic justice for AMD and its shareholders.

Think again, the jobless recovery of 2010 may well be the jobless recovery of 2010-2015. The pacesetting econ blogger Mark Thoma writing his first post for the new CBS moneywatch.com blog "Maximum Utility" explains why, though he predicts 2013 as the full-employment mark.
No problem, by 2015 Big Brother will have a job for us all, I can't wait!

Wal-Mart Stores (NYSE:WMT) has done it again, the largest retailer in the world beat the street and shares are trading flat in the $53 range.  WMT came in 3 cents above the consensus estimate and they issued earnings guidance for next quarter that is in line with current analyst expectations.  Beat Street Breakdown baby.