ThinkstockThe US Energy Information Administration (EIA) released its weekly petroleum status report this morning. US commercial crude inventories increased by 1.3 million barrels last week, bringing the total US commercial crude inventory to 361.3…
The stock market is up Wednesday, with the Dow Jones Industrial Average up 0.61%, the Nasdaq up 0.54% and the S&P 500 up 0.46%. Today’s winners include a medical diagnostic developer who reported good…
ThinkstockHerbalife Ltd. (NYSE: HLF) is getting a very strange move in this activist shareholder battle. Last night we noted that Bill Ackman of Pershing Square was out with its summary document stating its case…
ThinkstockAfter markets closed last night, Dish Network Corp. (NASDAQ: DISH) announced a $3.30-per-share offer for wireless carrier Clearwire Corp. (NASDAQ: CLWR). The bid is significantly better than the $2.97-per-share offer from Sprint Nextel Corp.…
Deutsche Bank A.G. (NYSE: DB) initiated coverage today on the U.S Life Insurance industry. While they do have some Buy recommendations in the current report. their bias is decidedly bearish. If the overall thesis…
Frank Golhen, via Wikimedia CommonsWednesday morning is bringing many unusual movers after the start of earnings season. Alcoa Inc. (NYSE: AA) is trading up about 2% after the company beat on revenues but only…
thinkstockWe noted yesterday the impact on crude oil and gasoline prices of the growing U.S. production of crude oil and other liquids. A side effect of that production growth will be a cut in…
ThinkstockDespite a reasonably consistent year for oil and gas prices, master limited partnerships (MLPs), which exist predominantly in the energy space, had a difficult year in 2012. Some have attributed the move out of…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research firms this Wednesday. AFLAC Inc. (NYSE: AFL) started as Hold at Deutsche Bank. Bank of America Corp.…
ThinkstockConstellation Brands Inc. (NYSE: STZ) reported third-quarter fiscal 2013 adjusted diluted earnings per share (EPS) of $0.63 on revenue of $767 million. In the same period a year ago, the premium wine company reported…
ThinkstockThe Hong Kong-based subsidiary of MGM Resorts International Inc. (NYSE: MGM) has received approval from the government of Macau to build a second casino and hotel on the Chinese-controlled island’s Cotai Strip. MGM expects…
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting a rise of 11.7% in the group’s seasonally adjusted composite index. That compares with a decline of 21.6% for…
ThinkstockBig biotech had a stellar 2012. In 2013, though, the large biotech companies may be dwarfed in performance by the smaller players in the $1 billion to $5 billion range. If you look at…
ThinkstockCredit Suisse (NYSE: CS) downgraded its rating on Bank of America Corp. (NYSE: BAC) due to valuation after such a monumental rise. After all, the bank was the top-performing DJIA stock of 2012. Today’s…
ThinkstockThe Greenbrier Companies (NYSE: GBX) reported first-quarter fiscal 2013 diluted earnings per share (EPS) of $0.35 on revenue of $415 million. In the same period a year ago, the railcar builder reported diluted EPS…