Current Financial News

Intermune (ITMN) rises 35%

Shares of Biotechnology company InterMune Inc (NASDAQ: ITMN) are up 35% after announcing a late-stage study of its investigational treatment for a potentially fatal lung disease met the main goal, even as another late-stage trial of the same drug failed.

SanDisk Tanks below $9 a Share (SNDK)

Robocop - I'll buy that for a dollarSanDisk Corp. (NASDAQ:SNDK) shares have lost 22% already today after missing estimates and worse yet, announcing they 'may sell more stock' as their cash supply dries up.  Well hold, up, I"ll buy that for a Dollar!

Denny's Free BreakfastDenny's Corporation (NASDAQ:DENN) Super Bowl Ad was a success and they are even serving up free breakfast tomorrow.

To make it all worth it, Denny's shares are up 6.9% today at $1.84.

Barbie Sales down 9% (MAT)

Case of the Mondays today, check out the earnings news from Mattel, Inc. (Public, NYSE:MAT):

Mattel's biggest brands couldn't save its earnings, as Barbie sales were down nine percent on the year and Fischer-Price sales were down three percent, the company said Monday.

Super Bowl 43What a concept, invest in the companies that can afford to advertise during Sunday's Super Bowl 43.  Turns out on the Monday after the Super Bowl, shares of companies that produced the ten most-popular ads outpaced S&P 500-stock index by an average of 0.26 percentage point.  Not much but hell, we'll take it and now to the list.

In 2008, one of the toughest years for stocks in recent history, Apollo Group, Inc. (NASDAQ:APOL) shares have climbed like nobody’s business. In April ’08 shares traded at $44. Shares are currently trading at $82.00 today. 

No where left to go


Apollo was a great stock to hold in 2009. The problem is, shares have risen so high that they have no where to go but down.

Britney Gold Teeth GrillzWhere are the big money players putting there money besides buying Grillz and investing in Ponzi Schemes?  They are looking to beat up stocks and bonds, and thanks to the WSJ, this is actually more credible than Ms. Spears and all that she is, you go girl!

What's next, the Bank of Obama?

Wonder-Twins Power Activate Bank of America (NYSE:BAC) and Citigroup (NYSE:C) and form the Bank of Obama, why not?  Throw more tax payer money into the fire, have a big party and get a 2009 deduction, lets do it America!

Bank of Obama

Run with the Bulls, get the HornFinally, an up day today, the Dow Jones is up 134 points this morning and it could go higher. Bad Bank is the word of the day, and its worth trading on.  The FAS is already up 27% today.

It's time to do our part and save the economy, one car wash at a time.

 

Consumer confidence plumbed historic lows in January and home prices fell at a record pace in November, data showed on Tuesday, highlighting a rapidly deteriorating economy.

Mounting job losses as the year-long recession deepens are piling misery on consumers already grappling with sharp declines in their wealth following the collapse of the U.S. housing and stock market.