Today’s Market Winners and Losers
Photo by Spencer Platt/Getty ImagesThe stock market is up Wednesday, with Dow Jones Industrial Average up 0.29%, the Nasdaq up 0.05% and the S&P 500 up 0.15%. Today’s sole winner is an insurer that…
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Year: 2013
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Newest first · Page 370Crude Oil Inventory Jumps, Prices Fall Below $90 a Barrel
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories increased by 3.8 million barrels last week, bringing the total U.S. commercial crude inventory to 381.4…
The Value of All Oil at Exxon Mobil: Over $2.2 Trillion!
thinkstockExxon Mobil Corp. (NYSE: XOM) was just featured as one of our seven DJIA stocks that would lead the DJIA to 15,000 and the company is delivering its production and capital spending estimates to…
Suntech’s Boardroom Turmoil
ThinkstockOn Monday, the board of directors for Suntech Power Holdings Co. Ltd. (NYSE: STP) removed its founder and executive chairman, Shi Zhenrong, replacing him with another board member, Susan Wang, as executive chairman. Shi…
Hulu Will Never Be the Next Big Thing
thinkstockby Jon Friedman Once upon a time, Hulu had a golden opportunity to transform our viewing habits, the television industry and the Internet. Now, you’re more likely to associate Hulu with one of those…
January Factory Orders Dragging on Growth
ThinkstockThe Commerce Department has released its factory orders figures for the month of January showing a drop of -2.0%. If you back out transportation, the gain would have actually been 1.3%, and if you…
Jefferies Offers Seven Reasons to Buy Best Buy Now (BBY, WMT, COST, AMZN, EBAY, TGT, JCP)
courtesy Best Buy Co. Inc.All industries in American business change and evolve over time. In some cases it is due to technological change, internal change within the specific industry, changes in consumer sentiment or…
Nasdaq Enters Private-Company Trading Market
ThinkstockIn a move that was probably inevitable, the Nasdaq OMX Group Inc. (NASDAQ: NDAQ) today announced a joint venture with SharesPost Inc. to create a larger marketplace for private company shares. Nasdaq OMX will…
Top Analyst Upgrades and Downgrades (A, BBY, BFAM, DF, ICE, JCP, MA, QCOM, CRM, SKX, VVUS)
Jon OggThese are some of this Wednesday’s top analyst upgrades, downgrades and initiations seen from Wall St. research calls. Agilent Technologies Inc. (NYSE: A) started as Outperform at Leerink Swann. Best Buy Co. Inc. (NYSE:…
Oppenheimer Sees Transports Continuing to Lead the Way Higher (FDX, UPS, NSC, CSX, JBHT, SWFT, XTN)
ThinkstockThere is a big difference between a market rally and a bull market. Bear market rallies often happen when the stock market is so oversold that short sellers or deep value investors feel they…
ADP Payrolls Gains May Adjust Labor Department Payrolls Higher
ThinkstockIt was just on Tuesday that we showed how so many jobs reports are coming out this week that could change the consensus for Friday’s key unemployment and payrolls report from the Labor Department. The…
Seven Stocks That Will Take the DJIA to 15,000 (IBM, CVX, MMM, MCD, UTX, CAT, XOM)
The Dow Jones Industrial Average hit a new high this week, and the new closing high is 14,253.77. We originally came up with a top price target for the DJIA of 14,590 for 2013…
Results Good at Big Lots; Forecast Not So Good
ThinkstockBig Lots Inc. (NYSE: BIG) reported fourth-quarter and full-year 2012 results before markets opened this morning. The close-out retailer reported quarterly diluted earnings per share (EPS) of $2.08 on revenues of $1.7 billion. In…
Staples’ Dividend Hike Cannot Hide the Problems
ThinkstockStaples Inc. (NASDAQ: SPLS) reported fourth-quarter and full-year 2012 results before markets opened this morning. For the quarter, the office supplies retailer posted adjusted diluted earnings per share (EPS) of $0.46 and $6.57 billion…
Mortgage Applications Turn Higher, Rates Fall Too
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting an increase of 14.8% in the group’s seasonally adjusted composite index, following a drop of 3.8% for the previous…