ThinkstockYou probably remember the debacle around the BATS initial public offering (IPO). This is supposed to be the third largest equities exchange, but its IPO cancellation came with a very embarrassing trading halt for…
Wikimedia Commons After three years of powerful economic expansion prior to 2008, the Great Recession caused the revenues of many American companies to plunge to multi-year lows. While sales at most big companies have…
ThinkstockThe world of gold and silver has been turned upside down. The market fears that Ben Bernanke’s quantitative easing under the Federal Reserve will end sooner rather than later, and that should lead to…
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories decreased by 2.8 million barrels last week, maintaining a total U.S. commercial crude inventory to 360.5…
ThinkstockBroadcom Corp. (NASDAQ: BRCM) is supposed to be a technology and semiconductor winner in the migration to tablets and smartphones and as mobile communication rises. Unfortunately, its shareholders are finding out that this path…
courtesy of SamsungGlobal mobile phone sales totaled 435 million units in the second quarter of 2013, and of that total, some 225 million units, or 51.8%, were smartphones. That is the first time that…
High-end musical instruments maker Steinway Musical Instruments Inc. (NYSE: LVB) has agreed to be acquired by affiliates of private equity firm Paulson & Co. for a purchase price of $40 a share, or about…
ThinkstockJinkoSolar Holding Co. Ltd. (NYSE: JKS) reported second-quarter 2013 results before markets opened this morning. The Chinese solar panel maker reported adjusted diluted earnings per American Depositary Share (ADS) of $0.56 on revenue of…
ThinkstockDespite higher energy costs, inflation still seems to be in check. The U.S. Labor Department released on Wednesday morning the Producer Price Index (PPI) for the month of July. The headline PPI came in…
ThinkstockWhile the U.S. economic data was decidedly mixed through the second quarter of 2013, the one major surprise from the gross domestic product (GDP) release was the increase in fixed investment spending, which rose…
These are the top analyst upgrades and stocks to buy for August 14, 2013, including Brocade, Hovnanian, SINA and more.
thinkstockMacy’s Inc. (NYSE: M) reported second-quarter 2013 results before markets opened this morning. The department store giant posted quarterly diluted earnings per share (EPS) of $0.72 on revenues of $6.07 billion. In the same…
courtesy Deere & Co.Deere & Co. (NYSE: DE) reported third-quarter fiscal 2013 results before markets opened this morning. The farm and heavy equipment maker posted adjusted diluted earnings per share (EPS) of $2.56 on revenues…
Jon OggInvestors frequently get to see the analyst upgrades and Buy ratings from Wall Street firms, particularly in a rising stock market. What investors often do not get to see is when analysts downgrade…
Jon OggThe dog days of August have hit the stock market and volume will soon come to a virtual standstill. With a very productive year for the markets almost two-thirds in the record books,…