Deutsche Bank Firm on Biotech Stocks to Buy
ThinkstockBiotech has strongly outperformed the S&P 500 since January of 2011. The NASDAQ Biotechnology Index (NBI) is up 90%, and the AMEX Biotechnology index (BTK) is up 50%, versus the 28% gain for the…
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Year: 2013
All Year: 2013 Articles
Newest first · Page 266Strong Earnings at Deere Waylaid by Forecast
courtesy Deere & Co.Deere & Co. (NYSE: DE) reported second-quarter fiscal 2013 results before markets opened this morning. The farm and heavy equipment maker posted adjusted diluted earnings per share (EPS) of $2.76 on…
Rising Loan Rates Reduce New Mortgage Applications
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting a drop of 7.3% in the group’s seasonally adjusted composite index, following a rise of 7% for the previous…
Falling Oil Prices Lead to Lower Gasoline Prices
ThinkstockOne of the ironies of the current economic situation is that slow economies around the world have pushed the price of oil lower, and consequently with it, the future price of gasoline. The bad…
Good News for Airlines Overshadowed by Focus on Baggage Fees
ThinkstockLosses among U.S. airlines improved in the fourth quarter. That news mostly got buried because of astonishingly high baggage fees. But the focus on those fees misses the main point. Due to mergers and…
HSBC Will Cut Jobs
ThinkstockThe brutal drive toward operating efficiency that many large companies adopted during the recession continues, despite what most economists call a recovery. Cost cuts are not any more evident than at banks, which for…
German Recession May Have Already Started
ThinkstockThe German Federal Statistics Bureau (Destatis) reported that the country’s gross domestic product (GDP) barely grew in the first quarter. If the balance of the world’s developed economies is any use as a bellwether,…
California Budget Progress Tops CBO U.S. Spending Improvement
ThinkstockThe U.S. budget deficit as forecast by the Congressional Budget Office (CBO) may drop to $643 billion in fiscal 2013, which would be a substantial improvement from earlier predictions. However, a more impressive turnaround…
Windows 8 Hardly Hurts Ballmer’s CEO Job Security at Microsoft
courtesy of MicrosoftIt is very easy to say that problems with Microsoft Corp.’s (NASDAQ: MSFT) Windows 8 are the last straw for investors and the firm’s board as the future of CEO Steve Ballmer…
What Is Important: Oil Prices Fall and Gas Prices to Follow, Baggage Fees $3.5 Billion
ThinkstockFalling Oil, Gas Prices One of the ironies of the current economic situation is that slow economies around the world have pushed the price of oil lower, and consequently with it, the future price…
Media Digest: Reuters, WSJ, NYT, FT, Bloomberg
courtesy of NetflixData show that economic activity in Germany slowed sharply in the first quarter while France fell into recession. (Reuters) Boeing Co. (NYSE: BA) starts to deliver the 787 Dreamliner again. (Reuters) Amazon.com…
EU Recession Worsens
ThinkstockEurostat, the statistics arm of the European Commission, reported that, in the first quarter, the recession in Europe worsened, and there are absolutely no reason to think the situation will improve. Eurostat reported on…
Closing Bell for Tuesday on Wall Street: Markets Open Up, Finish Strong
U.S. equity markets opened slightly higher this morning an inline report from the U.S. Department of Labor on export and import prices. In Europe, eurozone industrial production rose 1%, above the expected gain of…
The Tesla Stock Rally and Electric Car Rally Are Over!
Courtesy of Tesla MotorsTesla Motors Inc. (NASDAQ: TSLA) has been a stock on fire. Shares gapped up to yet a new all-time high at $97.12 on Tuesday after earnings. Now shares are in the…
Myriad Genetics, Angelina Jolie and Genomics in Focus
ThinkstockMyriad Genetics Inc. (NASDAQ: MYGN) is seeing a benefit in its share price after actress Angelina Jolie wrote that a genetic test using Myriad’s gene sequencing tested positive for the gene with much higher…