Stock Market Crash Talk Gains More Steam
Photo by Spencer Platt/Getty ImagesWhat is a stock market crash? The short answer is that it depends on your risk profile. The financial media covers a one-day drop of 4% as though it were a…
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Year: 2013
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Newest first · Page 135The J.C. Penney Huge National Buy One, Get One Free Sale
Courtesy J.C. Penney Co. Inc.; photo by Chris RupertJ.C Penney Co. Inc. (NYSE: JCP) continues to face unprecedented drops in traffic and sales that, to some extent, caused its largest shareholder Bill Ackman to…
Case-Shiller: Home Price Recovery Already in Jeopardy
ThinkstockThe S&P/Case-Shiller home price index for June posted another month of solid gains, but not on the same pace as the record-setting rise in May. The 20-city composite rose 12.1% year-over-year, just a tick…
The Debt Ceiling Debate Could Kill the Bull Market
ThinkstockIt’s back! It is time for yet another round of political infighting over the lovely state of our nation’s finances. Monday was bloodied by undertones of war or military intervention in Syria, but the…
Top Analyst Upgrades and Downgrades: Comcast, Monsanto, VMware and More
Jon OggIt the week ahead of Labor Day, so research and investment banking departments are running light. Still, there are some key research ideas coming out of Wall Street. Each morning 24/7 Wall St.…
Tiffany Raises Outlook, Looks to Post All-Time High
courtesy Tiffany & Co.Tiffany & Co. (NYSE: TIF) reported second-quarter results before markets opened Tuesday morning. The luxury goods company posted diluted earnings per share (EPS) of $0.83 on revenues of $926 million. In…
U.S. Auto Quality Crushed Again as Trend Toward Imports Returns
courtesy of The Car Spy, via Wikimedia CommonsAfter many years of quality improvement, according to most industry research, U.S. car companies apparently have fallen back into old habits. New data from the American Customer…
Starbucks Must Start Selling Pizza
courtesy of StarbucksThe arms war among the fast-food chains escalated as McDonald’s Corp. (NYSE: MCD) confirmed that it would begin to sell chicken wings nationwide next month. Dubbed “Mighty Wings,” the new offering will…
The 10 Fastest-Growing Jobs in America
ThinkstockOver the past 10 years, the number of nonfarm workers rose by just 5%. But despite past decade’s painful recession and the slow job growth that has followed, several occupations have more than doubled…
Syria, a Country Without Oil, Pushes Oil Prices Up
ThinkstockSyria’s oil reserves rank 35th in the world. However, the anxiety index among oil traders ignores that, almost certainly because of worry that the conflict in Syria will spill over to its oil-rich neighbors.…
Business Confidence in Germany Hits Highest Level in Almost Two Years
ThinkstockGermans, buoyed by an improving economy in Europe, and likely a modest recovery of the U.S. economy, have become spectacularly confident about business prospects. According to official statistics bureau Ifo: The Ifo Business Climate…
Ackman Dumps Entire 17.7% Share of J.C. Penney
thinkstockWilliam Ackman too a huge stake in J.C. Penney Co. Inc. (NYSE: JCP) in the belief that its shares would soar on the basis of a turnaround. He helped bring in Ron Johnson from…
Bill Ackman Selling Out of J.C. Penney Stake Entirely
courtesy J.C. Penney Co. Inc.J. C. Penney Co. Inc. (NYSE: JCP) has been a real pain in the backside of activist investor Pershing Square and other value and turnaround investors. This is Bill Ackman’s…
Monday Closing Bell: Markets Plunge on Kerry’s Remarks
August 26, 2013: U.S. markets opened slightly higher this morning, held in check by limited data releases in Europe and Asia, and a decidedly downbeat report on U.S. durable goods orders. The markets traded…
Tyson Downgrade Brings Choked Chicken Margin Fears
ThinkstockIt is not that frequent that an analyst downgrade sparks a 7% drop in a stock. That is why we are focusing on this big analyst downgrade in Tyson Foods Inc. (NYSE: TSN). BofA/Merrill…