AMD NVDA TSM AAPL – SemiAccurate reports TSMC is raising prices by 15-25% on 28nm products. Link
ThirdPoint’s letter to the Yahoo Board of Directors. Link
Best and worst performing assets and stocks in the last 10 years. Link
Scaramucci, the fund of funds schmoozer. Link
ECB keeps rate unchanged.
Jobless claims 414K vs. 408K est., 409K prior
RIMM – New Blackberries selling well with enterprise, but not with consumers. Link
Rick Sherlund initiates on MSFT, ORCL, CRM, SAP at Buy and VMW at Neutral. Link
Bloomberg article’s on Bridgewater’s Ray Dalio. Link
German industrial production 4.0% vs. 0.6% est., –1.0% prior
German courts give parliament a bigger say over euro-zone bailouts. Link
YHOO – Yahoo fires Caro Bartz as CEO and may put itself up for sale. Link
ISM non-manufacturing index 53.3 vs. 51.0 est., 52.7 prior
Germany factory orders –2.8% vs. –1.4% est., 1.8% prior
Merkel tells her party member Greece must meet rescue conditions to get aid payment later this month. Link
Swiss Nation Bank intervenes with 1.20 Euro peg. Fiat currency bears get crushed with 8-9% FX moves against them. Link
EB- FCS Link
Sell-side Goldman initiates Dunkin’ Brands DNKN at Sell Link
Nonfarm Payrolls 0 vs. 60K est., 117K prior
Private Payrolls 17K vs. 75K est., 154K prior
Unemployment rate 9.1% vs. 9.1% est., 9.1% prior
Average hourly earnings –0.1% vs. 0.2% est., 0.4% prior
Average workweek 34.2 vs. 34.3 est., 34.3 prior
BAC – Fed asks Bank of America for contingency plans if things get worse. Link
BAC JPM GS DB – U.S. government is about to sue a dozen big banks over mortgage security losses at Fannie and Freddie. Link
NFLX LSTZA – Starz ends streaming negotiation renewal with Netflix. Link
LA Times reports Netflix offered over $300 million a year. Link
Why QE 3.0 would be a total disaster. Link
August hedge-fund performance: SAC –3%, Third Point –3%, Greenlight –1.4%, Tilson –13.7%, Renaissance Institutional Equities +5.4%, Citadel +1% Link
Regulators want HFT algo computer code. Link
TSM – TSM retracts their 20% revenue guidance for the year. Link
ISM manufacturing 50.6 vs. 48.5 est., 50.9 prior
new orders 49.6 vs. 49.2 est.
Jobless claims 409K vs. 407K est., 417K prior
Digitimes says Intel has internally evaluated that PC demand for upcoming year will be weaker Link
Poor Spanish 5 year bond auction. Link
Eurozone Final Manufacturing PMI 49.0 vs. 49.7 est., 49.7 prior
HSBC August Final China PMI 49.9 vs. 49.8 preliminary, 49.3 prior
Official August China PMI 50.9 vs. 51.2 est., 50.7 prior
Official August China input price index 57.2 vs. July 56.3
Brazil’s central bank does a surprise 50bps rate cut to 12.0%
EB- SAI GEF
Sell-side ISI cuts Goldman Q3 EPS from $2.50 to 75c Link
POMO $2.5-3 billion
BK and COST CEOs leave
Chicago PMI 56.5 vs. 54 est., 58.8 prior
August ADP Jobs 91K vs. 110K est, 114K prior revised to 109K
Acer 2012 notebook orders to Pegatron only 600K vs. 5 million expected. Link
AMZN – Amazon 10.1” tablet to go into mass production in Q1-2012, while the 7” tablet expected in October. Link
INTC – Sell-side speculates Intel adjusting capex plans due to weak PC demand. Link
Challenger job cut announcement report. Link
EB- LTXC “For Q1, LTX-Credence sees revenue of $35 million to $39 million, and a non-GAAP loss of 1-6 cents a share, nowhere even close to the Street consensus at $70.2 million and a profit of 32 cents a share” Link
August consumer confidence 44.5 vs. 52.5 est., 59.5 prior
June Case-Shiller housing prices –4.5% y/y
SINA TUDO – Sina buys a stake in Tudou Holdings. Link
PANL – Universal Display announces licensing deal with Panasonic. Link
Fed Evans super dovish on CNBC. Want more accommodation as long as inflation under 3% and unemployment over 7.5%.
Facebook is getting out of the daily deals business. Link
Italian bond auction demand weak. Link
Trichet hints at a pause in rate hikes. Link
Samsung aggressively cutting flat panel prices. Link
”Some panel makers have lowered their capacity utilization rates to 70-75% recently and may further reduce the ratios to 50% in September, the sources noted”
Groupon founder strikes back at critics. Link
Hedge-funds are massive short SP500 futures and long gold. Link
AAII bullish sentiment at a 4 week high. Link
Bank run in Greece. Link
EB+ TIF
EB- OVTI
Sell-side Stern Agee upgrades RIMM to Buy, Pacific Crest upgrades VMW to Outperform
Jobless claims 417K vs. 405K est., 408K prior
Wall Street comments on Apple Steve Jobs resigning as CEO. Link
Acer Inc., a leading PC maker, projects a loss for the year. Link
Bronte Capital on BAC. Link
ECB stands ready to loan dollars to European banks. Link
EB- AMAT GES