ThinkstockIf you have been a reader of 24/7 Wall St. for very long, you know that we have been preaching over time that every investor needs some form of water investing strategy in his…
ThinkstockWhen Nordic American Tankers Ltd. (NYSE: NAT) reported results this morning, the company started out by saying that it had “improved its relative position within the industry despite a weak market.” The company’s quarterly…
ThinkstockIn the strong rally in the stock market since the beginning of the year, financials and transports have provided exactly the kind of leadership that many equity strategists look for and that can be…
Activist investor and corporate raider Carl Icahn is showing his investors that he will be able to keep making more and more money in his efforts ahead. This morning came news from Icahn Enterprises…
ThinkstockA lawsuit filed in 2009 by Dish Network Corp. (NASDAQ: DISH) against sports network ESPN, which is owned by The Walt Disney Co. (NYSE: DIS), goes in front of a jury in Manhattan today.…
TheDapperDan via Wikimedia CommonsIf you have been following the fast-food sector for long, you have noticed that The Wendy’s Co. (NASDAQ: WEN) has been a long-term turnaround story. The problem is that the turnaround…
Jon OggThese are some of this Monday’s top analyst upgrades, downgrades and initiations seen from Wall St. research calls. Amgen Inc. (NASDAQ: AMGN) cut to Market Perform at William Blair. AOL Inc. (NYSE: AOL)…
The negative fourth-quarter gross domestic product (GDP) reading of -0.1% caught most Wall St. analysts and economists by surprise. This unforeseen number was skewed by a huge decrease in government spending. Most now expect…
ThinkstockAn $11 billion merger between bankrupt AMR Corp., parent of American Airlines, and U.S. Airways Group Inc. (NYSE: LCC) could be concluded as early as this week, according to sources cited at Reuters. The…
Wikimedia CommonsGoldman Sachs Group Inc. (NYSE: GS) has lowered its rating on equities in general, although this is really just over the near term rather than in the long term. The near-term rating has been cut…
ThinkstockLoews Corp. (NYSE: L) reported fourth-quarter and full-year 2012 results before markets opened this morning. For the fourth quarter the holding company reported an earnings per share (EPS) loss of $0.08 on revenues of…
courtesy of Apple Inc.The latest speculation about Apple Inc.’s (NASDAQ: AAPL) financial plans is that it will raise its dividend. That may be a way to fend off activist investor David Einhorn, who wants…
courtesy Dell Inc.Management of Southeastern Asset Management, the largest outside investor in Dell Inc. (NASDAQ: DELL), made the case that the personal computer company is worth $24 a share. That is a stretch by…
courtesy of MicrosoftMicrosoft Corp. (NASDAQ: MSFT) said its Surface Pro tablet sold out almost immediately after going on sale. Analysts wonder whether it sold out because of rabid demand, or perhaps Microsoft only built…
ThinkstockApple Dividend Rumors The latest speculation about Apple Inc.’s (NASDAQ: AAPL) financial plans is that it will raise its dividend. That may be a way to fend off activist investor David Einhorn, who wants…