Lower Refinancings Bring Mortgage Worker Layoffs at Wells Fargo
Wells Fargo & Co. (NYSE: WFC) may be Warren Buffett’s favorite bank hands down and it may be the safest of the money center and banking giants now. It turns out that if you work…
Archive
Year: 2013
All Year: 2013 Articles
Newest first · Page 140Wednesday Closing Bell: Markets Open, Close Lower
August 21, 2013: Markets opened mixed this morning as traders and investors waited for the afternoon’s release of the July FOMC meeting minutes. Existing home sales rose more than expected in July. A report…
India Risks Permanent Damage: Are BRIC Nations the New PIIGS?
ThinkstockIf you are an emerging market investor, India is supposed to be one of the great growth opportunities out there. The nation has a young population that is trying to be as upwardly mobile…
Fed Minutes Confirm Bond Purchase Tapering in 2013, Ending in Mid-2014
The Federal Reserve has released the official minutes from the July 31 FOMC meeting. As many have expected, the minutes are showing that the Fed members are more or less ready to begin tapering…
UBS Sees Apple Shares Rising to $560
JoeInQueens, via Wikimedia CommonsApple Inc. (NASDAQ: AAPL) already was recovering from its lows when Carl Icahn tweeted that he had purchased a large stake in the consumer electronics giant. Also note that Apple’s stock price has…
Refineries Ramp Up Production While Crude and Gasoline Supply Shrinks
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories decreased by 1.4 million barrels last week, maintaining a total U.S. commercial crude inventory to 359.1…
Sales of Existing Homes Near Two-Year High
The National Association of Realtors (NAR) reports that the seasonally adjusted annual rate of existing home sales in July rose 6.5% to 5.39 million from a downwardly revised total of 5.06 million in June.…
Capital Outflows from Bond Funds Near Record, Bond Bear Market Keeps Growing
By now you have caught on that interest rates have risen, and they appear poised to keep testing higher yields. With the 10-year Treasury yield so close to 3% and the 30-year Treasury so…
Target, Walmart May Not Be Selling the Right Stuff
courtesy of TargetIn its second-quarter earnings report released before markets opened on Wednesday, Target Corp. (NYSE: TGT) announced adjusted earnings per share (EPS) of $1.19 on revenues of $17.12 billion, compared with the consensus…
Fannie Mae Self-Serving: Warns of Fed Tapering Risk as GDP Grows
ThinkstockWhen just about all the new conventional mortgage-backed securities that can be created and sold are being purchased by the Federal Reserve, it should be no surprise at all that the primary securitization outlet…
Jefferies Says Software Stocks May Continue to Outperform the S&P 500
ThinkstockMany of the firms that we cover around Wall Street have become more positive on the prospects for improved capital expenditure (capex) spending by corporate America as the year progresses and into next year.…
Top Analyst Upgrades and Stocks to Buy: Best Buy, Herbalife, Questcor, Dick’s and More
These are the top analyst upgrades and stocks to buy for August 21, 2013, including Best Buy, Herbalife, Questcor, Dick's Sporting Goods and more.
Top Analyst Downgrades and Stocks to Sell: Chesapeake, Potash, Harmony and More
Jon OggInvestors are looking for bargain stocks but also trying to decide which stocks they should get out of, now that interest rates have risen and stocks have slid. These same investors frequently get…
Why Lowe’s and Home Depot May Kill Housing Fears Despite Rising Interest Rates
ThinkstockBefore markets opened on Wednesday, Lowe’s Companies Inc. (NYSE: LOW), the country’s second largest home improvement store chain, reported second-quarter diluted earnings per share of $0.88, up from $0.64 in the second quarter a…
Which Massive Growth Private Companies Are the Next Hot IPOs?
ThinkstockInc. has released its 2013 Inc. 5000 List, which is quite simply the fastest growing private companies that it can track in America. It is a massive list, and the effort must be a…