2008
Nov 19, 2008 - PBS' Nightly Business Report
Chief Market Analyst Patrick J. O'Hare provides 6 tips for buying stocks at bargain levels and comments on the Dow dipping below the 8000 level.
Click here to read the show transcript.
Nov 17, 2008 - CNN
According to Briefing.com, economists predict housing starts of 780,000, which would be a post-World War II low.
Nov 13, 2008 - AFP
Patrick O'Hare comments on recent news that more than 2,000 banks could be
eligible for a government capital injection under the TARP bailout program.
O'Hare says, "Who is eligible for relief under the program and who isn't? That is the frustrating question for the market today as it seems more and more companies are making a case for why they qualify for TARP help."
Nov 05, 2008 - BBC News
Patrick O'Hare comments on the stock shares rally on election day saying, "It's not rooted in the expectation that one candidate will prevail over the other, rather, it's rooted in the understanding that there will finally be clarity on the matter."
Nov 04, 2008 - Reuters News
Bond market analyst Beth Malloy says, "He should at least do it pro bono," in response to investor outrage regarding the New York Fed hiring the former "chief risk officer" of fallen investment giant Bear Stearns as a top bank regulation adviser.
Nov 01, 2008 - CFA Magazine
Senior Analyst Chris Borgmeyer is featured in this month's Point/Counterpoint column and makes his case for why, despite short-term upheaval, recent developments in the global investment industry and financial markets will not lead to more and better career opportunities for investment professionals in the intermediate and long-term.
Read the entire article now.
Oct 29, 2008 - Daily Star
Patrick O'Hare says the stock market had been "due for a bounce after sliding 14 percent in the past five sessions alone.
For now, the trading tone is positive but given the market's frenetic ways
of late, it remains difficult to place a lot of confidence in the thought
that the positive bias won't be challenged."
Oct 28, 2008 - Phoenix Business Journal
The government will release its advance report on third-quarter gross domestic product Thursday. A consensus of economists expect a 0.5 percent annual rate of decline after a 2.8 percent annual growth rate in the second quarter, according to Briefing.com.
Oct 23, 2008 - ABS-CBN News 5
Patrick O'Hare says there are many issues stoking investors' concerns about global recession. "Oil prices below 70 dollars per barrel, an acknowledgment from Bank of England governor (Mervyn) King that a UK recession seems likely, further job cut announcements in the US, heavy losses in foreign markets, and a litany of companies sounding a cautious view on 2009 prospects have all played a role in the market's economic concerns."
Oct 21, 2008 - AFP
Patrick O'Hare comments on the recent $540 billion financial bailout saying, "On its own, the MMIFF won't solve things, yet it is another worthwhile add-on to the mass of initiatives that have been constructed in the effort to stabilize the financial system."
Oct 14, 2008 - AFP
Equity Analyst Jeffrey Ham provides commentary after Morgan Stanley received a 9.0 billion dollar cash injection from MUFG. "The deal will help Morgan Stanley weather the current financial storm by bringing fresh capital into its coffers and further enable it to emerge as a leader in its space," he says.
Oct 06, 2008 - Barron's
Briefing.com provided insight on NetApp saying, "The Company's sales for the year won't be anywhere near it's projected growth rate."
Sep 27, 2008 - The Daily Telegraph
Analysts at Briefing.com said there was "no particular news item that prompted the late-day rally
and the growing consensus is that a federal asset funding plan will be approved."
Sep 24, 2008 - Forbes.com
Briefing.com comments on the Senate meetings regarding the bailout saying, "The market was 'unimpressed' with yesterday's 'Pow Wow' on 'da Hill, today has gone a bit smoother."
Sep 19, 2008 - Barron's
Briefing.com says, "Following the U.S. Securities & Exchange Commission announcement that it will suspend for 10 days short-selling of some financials stocks, some short-sale exchange traded funds have been halted on the exchanges following huge drops. UltraShort Financials ProShares (SKF), the Short Financials Proshare (SEF), and the Rydex Inverse Select Sector ETF Trust (RFN), all appear to have been halted."
Sep 17, 2008 - AFP
Patrick J. O'Hare comments on the AIG bailout and its effect on the market
saying, "We continue to anticipate a gradual global growth recovery in 2009, although the weekend's developments represent a potential risk to the outlook. The speed and scale of these events have added to short term uncertainties and further significant strains cannot be ruled out."
Sep 10, 2008 - PBS' Nightly Business Report
Patrick J. O'Hare appears on "Street Critique" with Paul Kangas to discuss Monster Worldwide (MNST).
Read the full interview here.
Aug 28, 2008 - USA Today
Briefing.com comments on a surge in stocks based on the latest GDP and unemployment readings, "Volume remains exceptionally light on the NYSE, as has been the case for much of this week. A lack of volume behind the stock market's swings suggests there may be a lack of conviction to the moves."
Aug 26, 2008 - Strategy Magazine
Patrick J. O'Hare is featured in the premier issue to talk about a range of topics from general market perspective to factors contributing to the Bear Stearns bailout.
Aug 12, 2008 - Reuters
Beth Malloy comments on the unexpected narrowing of the trade gap saying, "The narrowing was a surprise. It is an overall negative for Treasuries because that is playing into growth expectations."
Aug 6, 2008 -
AFP
Equity Analyst Jeffrey Ham is quoted on Fannie Mac's rising losses effects on the housing crisis saying, "It has been more than a year since the housing market went on a tumultuous skid. Yet, the hangover from bad lending practices and tighter credit has housing's two primary sponsors, Fannie Mae and Freddie Mac, still unable to step in and fully provide support."
Jul 31, 2008 - AFP
Equity Analyst Ryan McShane comments on ExxonMobil's record profit saying, "The profit marks the company's largest in history, so politicians and consumers are likely to express outrage in the face of record gasoline prices. At the same time, ExxonMobil shareholders are disappointed with the earnings."
Jul 30, 2008 - PBS' Nightly Business Report
Patrick J. O'Hare appears on "Street Critique" with Paul Kangas to discuss the state of the market and talk about his stock picks, Jack in the Box (JBX) and American Express (AXP).
Read the full interview here.
Jul 18, 2008 - AFP
Briefing.com analysts comment on Citigroup's hefty losses saying, "Citi has taken more write-downs than any other firm since the credit crisis began, and the latest results were ahead of the average analyst estimate and an improvement over the previous quarter."
Jul 3, 2008 - Barron's
Briefing.com analysts are cited after reporting a possible downgrade of Starbucks (SBUX) after it announced that it would be closing up to 600 stores this year.
Jun 18, 2008 - PBS' Nightly Business Report
Patrick J. O'Hare discusses retailer Target (TGT).
Read the full interview here.
Jun 9, 2008 - CNBC
Briefing.com analysts comment on pending home sales numbers, saying they expect the index to have dropped by 1 percent in April, the same decline as in March.
Jun 4, 2008 -
Reuters
Beth Malloy says, "Treasuries were off right off the bat on that number, which was a little better than expected. Also the prices paid component was up pretty good and that is not a positive for bond. But at this point, with payrolls sitting at the end of the week, the market is not going to put too much stock in anything."
May 22, 2008 - Barron's Online
Briefing.com is sited about the downgrade of Goldman Sachs saying, "The company can’t avoid an erosion in its assets as cash markets have failed to keep pace with indexes that mirror cash."
May 20, 2008 - Reuters
Beth Malloy speaks about the steady rise in continuing claims, "The 10-year Treasury note has pared losses not mainly because of claims, but because we have a shortened week and because of the safe haven bid."
May 13, 2008 - AFP
Briefing.com analysts comment on Hewlett-Packard Co. and their acquisition plans of EDS, "Adding EDS would expand HP's service offering and also increase its market share in the industry, helping it better compete with industry heavyweight IBM."
Apr 29, 2008 - AFP
Patrick J. O'Hare says, "Another large batch of companies has reported quarterly earnings results, but overall, they have failed to move the needle that much as the market is in a wait-and-see mode ahead of the GDP data and the FOMC decision on Wednesday."
Apr 23, 2008 - PBS' Nightly Business Report
Patrick J. O'Hare discusses food distribution company, Sysco (SYY).
Read the full interview here.
Apr 4, 2008 - The Wall Street Journal Online
Briefing.com comments on J.P. Morgan's presence on Deutsche Bank's short-term sell list saying, "Deutsche analysts are concerned about J.P. Morgan’s exposure to subprime mortgages, auto loans and other loans."
Mar 28, 2008 - USA Today
Briefing.com reports on the recent slide in stocks saying, "For the first time since 1990 the S&P 500 closed down five straight sessions. Monday marks the end of the first quarter and the S&P is off by 10%, its worst three-month performance in six years."
Mar 20, 2008 - Reuters
Beth Malloy gives insight on the rise jobless claims saying, "The 10-year Treasury note has pared losses not mainly because of claims, but because we have a shortened week and because of the safe haven bid."
Mar 18, 2008 - Chicago Tribune
Briefing.com warns investors in its preview of Lehman's results, "Ignore any reassurance that they give that liquidity is fine that isn't backed by cold, hard numbers."
Mar 17, 2008 - AFP
Briefing.com says, "The Fed will be lending banks highly liquid Treasury securities in exchange for less liquid assets. Banks will now be able to use a wider range of collateral than previously announced."
Feb 29, 2008 - Reuters
Beth Malloy provides insight saying, "Spending was a little hot, but at the same time the cost of food and energy are skyrocketing so that's not that surprising. At the same time, it was higher than what people thought it would be."
Feb 27, 2008 - PBS' Nightly Business Report
Patrick J. O'Hare discusses General Electric (GE) and Kohl's (KSS), two stocks that lend themselves to the uncertain market conditions.
Read the full interview here.
Feb 26, 2008 - AFP
CEO and Chairman Dick Green comments on the Euro passing the 1.50-dollar mark for the first time, "Inflation data is clearly not good. The 1.7 percent increase in food prices and the 1.5 percent increase in energy prices will further fuel the recently heightened inflationary concerns."
Feb 18, 2008 - Reuters
Beth Malloy provides comments on the fall in bond profits as stocks rise, "The pop was far beyond what most people were looking for, Treasuries did have a little bit of a sell-off, we will be held hostage by stocks today."
Feb 11, 2008 - USA Today
Briefing.com analysts are asked for reasoning behind the surge in stocks, "There is not a specific headline that accounts for the spike today."
Jan 3, 2008 - Chicago Tribune
Patrick J. O'Hare speaks about the weak start to 2008 saying "In addition to the downbeat report on manufacturing conditions by the Institute for Supply Management and oil prices crossing the $100 threshold, investors on Wednesday were concerned about investment rating downgrades of semi-conductor stocks." He also comments on the upcoming employment reports, "While you're seeing job growth, the pace of that growth is slowing."
Jan 1, 2008 - Kiplinger's Magazine
Briefing.com calendars are cited as a “good source for analysts’ rating
changes, which also lists stock splits and earnings release dates.”
Read the article now.
