No rest for the weak in a market which even punishes mediocrity. Several widely traded companies made new lows. Firms with heavy debt and poor operating profit prospects were hit particularly hard. Sirius (NASDAQ:…
Wall Street opened the week flat, ahead of the weeks’ earnings, despite a rise in the financial sector. Weak earnings, a dismal global financial assessment from the IMF, and deepening worries about the American…
Over the last week, both major financials and techs sold off substantially, another sign that one major sector is doing nothing to offset the other. Taken in tandem with GE’s (NYSE: GE) bad news…
This week, we’ll have an earnings onslaught from major US financial institutions for Q1 2008 quarterly results. What investors need to grasp from these financial giants is not whether or not the companies beat…
This week, we will have the real start of the earnings onslaught for Q1-2008 earnings season. We compiled many estimates Friday evening to see which pairs of companies and which actual leaders were coming…
AMR (NYSE: AMR), parent of American Airlines, will return to 100% service tomorrow after FAA-mandated inspections of it MD-80 fleet forced the cancellations of over 3,000 flights. AMR management has said that the incident…
The New York Times brutalized the accounting industry today by suggesting that auditors should have caught bad numbers on the books of financial companies much earlier. The paper reports that "attention is turning toward…
With all of the write-offs it has taken in the past and all those it is likely to take in the future, the market rubbed more salt in the wounds of Citigroup (NYSE: C).…
Citigroup (NYSE: C) is expected to post write-downs of as much as $12 billion in first quarter and have a loss of over $3 billion. Merrill Lunch (NYSE: MER) could show write-offs of $5…
Citigroup (NYSE: C) cannot syndicate its EMI loan, AMD (NYSE: AMD) has lost its CTO, Fedex’s (NYSE: FDX) CEO sees a slowdown in the economy, and Nokia (NYSE: NOK) can’t sell phones with TVs.…
This week on CNBC’s MAD MONEY, Jim Cramer highlighted how Russia has many very promising prospects for emerging markets investors. He gave many ways to play the country with ADR’s of public Russian companies…
Journal Register Co. (NYSE: JRC) has been given notice by the NYSE that its shares are slated to get booted off of the prestigious exchange. The NYSE said in its statement that the company…
These are far from all of the lows, but these are many highlighted stocks that traders will care about. The prices for today are based on the last hour of trading and prior ranges…
National City Inc. (NYSE: NCC), has fallen on reports that the Bank of Nova Scotia (NYSE: BNS), the second largest Canadian lender by assets, has offered an minority investment in the troubled bank. National…
If you have followed shares of Revlon, Inc. (NYSE: REV), you already know what a long-term let down this stock has been. Despite years of having top models pedal its wares, it’s stock has…