OfficeMax Inc. (NYSE: OMX) somehow managed to not notice the major stock market rally. Its shares plunged 29% to $9.38 on 1.5-times an entire day’s average trading volume. Friedman Billings Ramsey downgraded the stock…
This is the new official 48-hour period to be known in the future as GOVERNMENT BACKSTOP DAYS. While financial stocks are a big beneficiary of this, the moves being seen in online trading firms…
Yahoo! Inc. (NASDAQ: YHOO) is seeing what some might believe unthinkable. The number two and troubled search engine stock is trading lower this morning. Many might argue that the lower trend is normal since…
Otter Tail Corp. (NASDAQ: OTTR) is trading lower this morning after pricing its secondary offering. The proposed 5 million share offering came in at 4.5 million shares. It also priced at $30 after closing…
Shares of major financial firms from Goldman Sachs (GS) to Morgan Stanley (MS) are up 25% to 35% in the pre-market. Washington Mutual’s (WM) stock is up more than 40% and AIG’s (AIG) soared…
These are some of the upgrades and positive calls from analysts we have seen affecting shares this Friday morning: American Electric Power (AEP) Raised to Buy at Piper Jaffray. Cree (CREE) Raised to Outperform…
These are some of the downgrades and negative analyst calls we have seen affecting shares this Friday morning: Accenture (ACN) Cut to Market Perform at Wachovia. Aeropostale (ARO) Cut to Neutral at Goldman Sachs.…
Shares in some tech companies are down as far as the banks and brokerage firms. Sun (JAVA) and Nortel (NT) are in that group, but they are hardly alone. Firms which have the lead…
There was a perverse honor in being a short-seller. It was an honor among thieves, but the group usually made lots of money by taking significant risks. Short-selling was based on one of the…
The latest in a very long list of government proposals to save the world is the most radical. Congress would create a mechanism to sweep the so-called toxic assets of banks, brokers, and insurance…
Vikram Pandit’s job was to cut Citigroup (C) down to size. "Reverse the insanity of the empire builders who came before you", his investors said. Dump the damaged assets and maintain the solid core.…
According to Reuters, Citigroup (C) is considering buying Washington Mutual (WM). Reuters reports that US markets rallied on word of a potential plan for the government to take over the toxic assets of banks.…
Markets in Asia were sharply higher. The Niikkei was up 3.8% to 11.921. Mitsubishi UFJ Financial ran up along with most other financial shares. The Hang Seng rose 8.2% to 19.083. China Life (LFC)…
NVIDIA Corporation (NASDAQ: NVDA) has not been without its share of problems. It has just announced that it will implement a headcount reduction of approximately 360 positions worldwide. This translates to about 6.5% of…
Oracle Corp. (NASDAQ: ORCL) came out with some mixed earnings after today’s close, and without guidance this is somewhat of a pending and unresolved issue. The enterprise and CRM behemoth posted earnings of $0.29…