GE (GE) Panic selling over concerns about balance sheet of financial division. Drops to $5.73 from 52-week high of $38.52. Citigroup (C) Worries about nationalization persist. Down to $1.11 from 52-week high of $27.35. Schwab (SCHW) Brokerage business being hit…
By Douglas A. McIntyre
· 4:10pm ET A very large number of people must think they know something about GE (GE) that is not public. Rumors about the company’s financial unit balance sheet have been hurting the stock for…
Douglas A. McIntyre A little good news for AT&T (T) today. JPMorgan has added the stock to its analyst focus list and rates it “overweight”. The firm commented: “We are adding AT&T to our Analyst…
Douglas A. McIntyre Depsite last night’s third quarter warning, Piper Jaffray is upgrading shares of Palm (Nasdaq: PALM) today from Neutral to Buy and lifting its price target from $4 to $10. Piper is citing…
Douglas A. McIntyre Oil industry information leader Platts has proposed establishing a new assessment for sour crude produced in North and South America. The benchmark would be called the Americas Sour Marker (ASM), and includes four sour…
We have two entirely different reports this morning in the big box retail sector, and a wild card underdog winner. BJ’s Wholesale Club Inc. (NYSE: BJ) reported better-than-expected results, while Costco Wholesale Corp. (NASDAQ:…
The offer from NRG Energy, Inc. (NYSE:NRG) to buy the retail business of Reliant Energy Inc. (NYSE:RRI) for $287.5 million has now drawn some attention from Fitch Ratings. As one might expect, the benefits…
VeriFone Holdings Inc. (NYSE: PAY) is finally getting a look from traders this morning after the company’s earnings report. The earnings were not without problems, and the guidance was not something many would deem…
These are the top 10 analyst calls we have seen this Wednesday morning with about two hours until the market opens: Altera (ALTR) and Xilinx (XLNX) Raised to Overweight at Global Crown. Biomarin Pharma …
News that a measure of manufacturing activity in China took a tick up in February put analysts into a fever of excitement. The Shanghai Composite moved up 6%. The rally is based on a…
It is probably a pretty fair guess that Google (GOOG) will have a poor quarter and that the stock is heading for new lows. Eric Schmidt, the search company’s CEO, made downbeat comments about…
The Apple (AAPL) iPhone may be good for a lot of things, but reading electronic books is not one of them. The screen on the device is so small that trying to read “War…