Oil baron and billionaire T. Boone Pickens said early this morning on a CNBC interview that the price of crude is unlikely to fall much below $100 per barrel. His argument is fundamental rather…
Huntsman Corp. looks like it may be trading up 50% pre-market after a recent battering. This chemicals and products maker had been down and out after its private equity buyout from Apollo Management &…
Sirius (SIRI) management has been desperate to convince shareholders that the merger of the two satellite radio companies would work. Wall St. has not bought into the pitch, but there are two or three…
Conexant Systems Inc. (NASDAQ: CNXT) did something unusual even for a small cap stock. The communications chip company raised its guidance. It now sees EPS of $0.24 to $0.26 vs. $0.15 estimates. It also…
These are some of the key upgrades from analysts we are focusing on this Tuesday morning: Abercrombie & Fitch (ANF) Raised to Outperform at FBR. Airgas (ARG) Raised to Outperform at Baird. Emerson Electric…
These are not all of the downgrades, butthese are some of the standout calls early this Tuesday morning: Acme Packet (APKT) Cut to Sell at Piper Jaffray. Fifth Third Bancorp (FITB) Cut to Neutral…
Two months ago, it was unimaginable that crude could drop below $100. The stink of $147 oil was still in the air. Eulogies for the car and airline industries were being written. The average…
The poor and middle class like to spit on the rich when they are down. It happens so rarely. The idea of bailing out hedge funds or helping them in any way runs counter…
Up until recently, the Fed had a good reason not to cut interest rates. Inflation might catch hold of the economy and undercut the purchasing power of individuals and corporations alike. Inflation does not…
According to Reuters, the credit crisis has sharply increased the chances of a deep recession. Reuters reports that the fall in the stock market is pushing investors into safe investments like Treasuries. Reuters reports…
With the Congressional rejection of the Treasury bailout package lending from banks to small businesses has ground to a halt. According to Forbes,"The Discover Small Business Watch index of economic confidence slipped to 74.6,…
CMGI Inc. (NASDAQ: CMGI) is about to go through an investor transformation. The former Internet incubator is now mostly ModusLink and will reflect that change. It also released its quarterly earnings with its net…
Wachovia Corporation (NYSE: WB) has just resumed trading after its FDIC-led Citigroup Inc. (NYSE: C) "take-under" came in. By now you’ve already heard enough about the merger news and how ugly this was going…
Now that the Congress has voted against the Treasury bailout and the Dow has dropped700 points, the important question is whether they system can save itself before the market moves toward 9,000. That would…
If Congress was worried that the bailout package was or wasn’t going to help, the failure out of the House of Representatives to pass the new bailout package just killed the stock market. As…