AFP is reporting today that OPEC’s secretary general, Abdalla Salem El-Badri, has stated that the cartel "plans to lift production capacity by five million b/d by 2012." El-Badri’s also noted that OPEC planned to…
The knock on sales of the Apple’s (AAPL) Mac has been that they are limited to consumers, colleges, and media companies. But, as Mac purchases grow at a rate of close to double that…
Three more oil field services companies reported earnings today, and there isn’t much good news in any of the announcements. Baker Hughes (NYSE:BHI) reported EPS of $1.27, which includes a one-time gain of $0.06/share,…
Last week, Intrepid Potash Inc. (NYSE: IPI) went from a hot IPO to a scorcher in the agriculture and fertilizer sector. That was after the price target and share offering were hiked considerably. The…
AT&T (T) had a good quarter, powered by its wireless service. For the quarter ended March 31, 2008, AT&T’s revenues totaled $30.7 billion, up 6.1 percent versus reported results in the year-earlier quarter. The…
Lehman Brothers has initiated major technology companies in new analyst coverage this morning. The broker has a mixed call in the sector. Overweight rated stocks are Apple, Inc. (NASDAQ: AAPL) with a $195.00 target;…
McDonald’s (MCD) had a blow-out quarter. Global comparable sales increased 7.4%, Revenue rose 6% to $5.615 billion. Operating income was up 24% to $1.463 billion. Earnings per share were $0.81, up 31% versus $0.62…
These are some of the top analyst calls that we are focusing on this Tuesday morning in pre-market trading hours: Alliance Data (NYSE: ADS) raised to Overweight at JPMorgan. Garmin Ltd. (NASDAQ: GRMN) started…
Markets in Europe were up modestly. The FTSE rose .3% to 6,069. Barclays (BCS) fell 4.1% to 458.75. RBS (RBS) fell 4% to 357.75. The DAXX was up .3% to 6,807. Deutsche Bank (DB)…
Royal Bank of Scotland (RBS) will raise as much as $24 billion to bolster its capital position, a dubious record which US banks will not want to match anytime soon. The big UK bank…
The mid-month reports on short interest in NYSE shares showed that many short sellers moved out of big financial stocks but made large bets against airlines and auto companies. With the prices in these…
According to Reuters, earnings from Texas Instruments (TXN) disappointed investors and the company issued a weak forecast. Reuters report that RBS (RBS) will raise $24 billion to help the bank which is likely to…
The executive editor of The Wall Street Journal has resigned. Marcus Brauchli had been in his post about one year. The Wall Street Journal is owned by News Corp (NWS) Douglas A. McIntyre
Markets in Asia were mixed The Nikkei fell 2% to 13,548. NIkon was off 3.8% to 2915 Nomura was down 3.9% to 1639. The Hang Seng was off .1% to 24,704. China Mobile (CHL)…
Things were bad at HP (NYSE: HPQ) three or four years ago. The company’s stock did fall from $25 in early 2004 to $16.50 that August. The computer firm ended up kicking out its…