One year ago, the share price for Energy Conversion Devices (NASDAQ:ENER) was $29.31. Shares rose to a 52-week high of $83.33, closing yesterday at $38.04. That’s off 52% from the high, but nearly 30%…
Las Vegas Sands Corp. (NYSE: LVS) initially showed up on our day trader alerts this morning as one of the Macau casino movers. But right before the open Las Vegas Sands announced that it…
If BP plc (NYSE:BP) plans to buy Chesapeake Energy (NYSE:CHK) as the rumor mill has suggested, it had better hurry up while there’s still something left. Early this morning, Chesapeake announced that it had…
Focus Media (FMCN) is getting crushed this morning after posted bad numbers. Details.. Sangamo Biosciences (SGMO) ran into drug trial troubles and will trade way down. Optimer Pharmaceuticals (OPTR) is ready for a big…
These are the top analyst upgrades we are seeing from Wall Street early this Tuesday morning: Force Protection (NASDAQ: FRPT) Raised to Buy at Collins Stewart. Infosys (NASDAQ: INFY) Started as Outperform at William…
These are the top early bird analyst downgrades we are seeing with more than two hours to the open on this Tuesday morning: Alcoa (NYSE: AA) Cut to Market Perform at FBR. Allianz (NYSE:…
When the Congress approved the bailout fund requested by Mr. Paulson, it earmarked $700 billion for the program, but the first installment was half of that. Only $60 billion of the initial piece is…
Six hundred billion dollars may be a lot of money, even by national bailout standards, but it won’t save China from a recession. Based on data release overnight, China reported the slowest export growth…
Ben Bernanke and Henry Paulson may be holding guns to the heads of major banks to get them to "reset" the mortgages of troubled homeowners, or the generous spirit of the holidays may have…
The big dividend was a hallmark of the big bull market. It was accompanied by a small yield. Even generous payouts were only a little fraction of the share prices at most companies. Their…
According to Reuters, a weakening economy in China and poor US earnings are causing concern that the recession will be deep and long. Reuters writes that Vodafone (VOD) cuts its full-year revenue forecast. Reuters…
Markets in Asia were lower. The Nikkei fell 3% to 8,809. Canon fell on bad economic news from the US. The Hang Seng fell 4.8% to 14,042. HSBC (HBC) dropped almost 4%. The Shanghai…
A week or so ago Howard Schultz, the CEO of Starbucks (SBUX), said he thought he was seeing a bottom in his company’s business. It must have been a mirage. Starbucks reported a quarter…
Consumer sentiment and consumer spending may be bad today, but according to a major new survey, they are going to get much worse over the next three months. Among the largest victims of the…
For some reason the chief economist at Comerica still worries about how many weeks of pay it takes for the average American to buy a car. That is the same American who cannot afford…