Archive

Year: 2013

All Year: 2013 Articles

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Is Netflix Really a $225 Stock?

courtesy of Netflix Inc.If Wall St. got way too bullish and then way too bearish on one stock, it would be Netflix Inc. (NASDAQ: NFLX). Analysts and investors chased it all the way up,…

Jon C. Ogg · 13 years ago

Sales of New Homes Struggled Last Month

ThinkstockThe U.S. Census Bureau this morning released data on new single-family home sales for February. Sales fell 4.6% month-over-month to a seasonally adjusted annual rate of 411,000, from an upwardly revised January sales figure…

Paul Ausick · 13 years ago

Consumer Confidence Plunges Unexpectedly in March

ThinkstockThe Conference Board is out with its March 2013 reading of consumer confidence. This is much broader than the “sentiment” report from the University of Michigan, but it is also released later in the…

Jon C. Ogg · 13 years ago

House Price Increases at Six-Year High

ThinkstockThe S&P/Case-Shiller home price index for January was higher for the 10th consecutive month. The 20-city composite rose 8.1% year-over-year, slightly below the consensus estimate for a gain of 8.2%, but above the December…

Paul Ausick · 13 years ago

Huge Gain in February Durable Goods Not What It Seems

ThinkstockDurable goods is one of the more volatile economic readings because it involves so many big ticket items from so many different segments of the economy. The headline number on durable goods for the…

Jon C. Ogg · 13 years ago

Housing Inventory Creeps out of the Shadows

ThinkstockIn January of this year, the shadow inventory of U.S. homes declined by 18% to 2.2 million units, from 2.6 million units in January 2012. Shadow inventory refers to the number of properties that…

Paul Ausick · 13 years ago

China Slams Apple Customer Service

ThinkstockThe official newspaper of the Chinese Communist Party fired a shot over the bow of Apple Inc. (NASDAQ: AAPL) yesterday, claiming that the company refuses interview requests and that Apple’s response to a critical…

Paul Ausick · 13 years ago

ZIOPHARM Joins Biotech Implosion Watch After Sarcoma Failure

ThinkstockZIOPHARM Oncology Inc. (NASDAQ: ZIOP) is on implosion watch. The small-cap biotech is indicated to be way down on a major disappointment on its Phase 3 trial of palifosfamide for the treatment of metastatic…

Jon C. Ogg · 13 years ago

Hopes Dwindle for Eurozone Economic Recovery

ThinkstockStandard & Poor’s has put another nail in the coffin of the prospects of a recovery of the eurozone. The rating agency says it expects the region’s gross domestic product to shrink this year…

Douglas A. McIntyre · 13 years ago

Big Cypriot Bank Depositors Should Brace for Big Losses

ThinkstockCyprus’s Finance Minister Michael Sarris told the BBC that large depositors with money in the nation’s banks could lose up to 40% in taxes and levies, much more than has been assumed recently. The…

Douglas A. McIntyre · 13 years ago