Quantcast
Bull and Bear figures

Closing Bell for Friday on Wall Street: Markets Open Lower, Fail to Break Out

Posted: May 24, 2013 at 4:07 pm

U.S. equity markets opened sharply lower again this morning, but this time reacting to yesterday’s comments by Fed Chairman Ben Bernanke that the Fed could slow its bond purchases in ...
Read Full Story »
social media network

Facebook Stock Chart Finds New Annual Bottom

Posted: May 24, 2013 at 1:09 pm

Shares of Facebook Inc. (NASDAQ: FB) have touched a new low for 2013 this morning. Today’s overall weak market has something to do with the sell-off, but there could be ...
Read Full Story »
Gold and Silver

Barrick Gold, Silver Wheaton Shares Halted: Chile Blocks Project, Fines Miner $16 Million

Posted: May 24, 2013 at 12:41 pm

Shares of Barrick Gold Corp. (NYSE: ABX) and Silver Wheaton Corp. (NYSE: SLW) were halted shortly after noon today following a Chilean court ruling that blocks further work at Barrick’s ...
Read Full Story »
NYSE-flag

Bullish Borrowing Excess: NYSE Margin Hits Record High

Posted: May 24, 2013 at 11:50 am

The New York Stock Exchange is showing something that we would be more concerned about than optimistic. Margin debt at the NYSE grew for the ninth consecutive month and hit ...
Read Full Story »
Sears_store

Sears Poor Company Earnings Report Might Speed Up Conversion to a REIT

Posted: May 24, 2013 at 11:05 am

After last night’s dismal company earnings report, Sears Holdings Corp. (NASDAQ: SHLD) does not appear to have many options left in its efforts to turn around the sinking ship. The ...
Read Full Story »
118894483

InterOil Stock Gets Boost from Talks with Exxon

Posted: May 24, 2013 at 10:20 am

High-flying energy company InterOil Corp. (NYSE: IOC) is getting another stock price boost this morning after revealing that the company is in “exclusive” negotiations with Exxon Mobil Corp. (NYSE: XOM) ...
Read Full Story »
Mansion with chairs and palms

The Most Popular Towns to Buy a Vacation Home

Posted: May 24, 2013 at 10:20 am

The economy is improving, banks are beginning to ease standards for lending, and mortgage rates are near their record lows. These factors are making it easier for Americans to wade ...
Read Full Story »
94073253

Dividends and Buybacks May Rekindle Buying Chip Stocks for Value Investors

Posted: May 24, 2013 at 10:05 am

Sterne Agee analyst Vijay Rakesh has given a snapshot on various semiconductor sector plays ahead. While many fundamental analysts have keyed in on fundamentals, one of Rakesh's angles is covering ...
Read Full Story »
Copper bars

More Chinese Capital Controls to Weigh on Copper Prices

Posted: May 24, 2013 at 9:00 am

Ever since the Chinese government began -- or at least threatened to begin -- imposing restrictions on new bank lending, the country’s businesses have had to get creative in order ...
Read Full Story »
Money, US, $100 bills

April Durable Goods Very Healthy on All Fronts: No Recession Here

Posted: May 24, 2013 at 8:50 am

The durable goods report for April is turning out to look incredibly durable at 3.3% for the month. Bloomberg had the consensus estimate of 1.1% and Dow Jones had the ...
Read Full Story »
Bull and Bear

Top 10 Analyst Upgrades and Downgrades: Cubist, Marvell, PG and More

Posted: May 24, 2013 at 8:15 am

Investors and traders are usually on the lookout for new research ideas that will generate higher income or more profits. 24/7 Wall St. reviews many analyst research calls from Wall ...
Read Full Story »
Clothes on hangers

Abercrombie & Fitch Stock Sinks on Company Earnings, Outlook

Posted: May 24, 2013 at 8:00 am

Abercrombie & Fitch Co. (NYSE: ANF) reported first-quarter fiscal 2013 results before markets opened this morning. The specialty retailer posted a diluted earnings per share (EPS) loss of $0.09 on ...
Read Full Story »
Cell Tower detail

Softbank to Offer Federal Government a Seat on Sprint’s Board of Directors

Posted: May 24, 2013 at 7:35 am

Rather than put up more money in its bid to acquire control of Sprint Nextel Corp. (NYSE: S), Japan’s Softbank Corp. plans to offer the U.S. government the ability to ...
Read Full Story »
German flag

Germany Dodges Recession, Sentiment Rises

Posted: May 24, 2013 at 7:10 am

Today, Germany confirmed that its first-quarter gross domestic product (GDP) rose by a mere 0.1%. There was some excitement that the largest economy in Europe had dodged a recession, which ...
Read Full Story »
Credit cards

Retailers Sue Visa, MasterCard over Fees

Posted: May 24, 2013 at 7:00 am

Several large retailers accuse MasterCard Inc. (NYSE: MA) and Visa Inc. (NYSE: V) of setting unfair fees that damage the retailers' sales prospects and margins while enriching the credit card ...
Read Full Story »