New Apple TV to Hit the Market? (AAPL)
Apple Inc. (NASDAQ: AAPL) could be preparing to launch a new version of Apple TV in addition to the rumored iPad 3 (additional coverage here). The company has sent out invitations to a March…
All Work
Paul Ausick
Mid-day Movers (ALIM, TBET, ODP, PEIX, CECO)
At about noon today, all three major US stock indexes pushed their way into positive territory, with the DJIA up nearly 24 points at about 13,005, the Nasdaq up more than 19 points at…
Irish Vote on EU Treaty Due, Could Alter Europe’s Future
The recently agreed European Union treaty is about to get its first popular vote test, courtesy of Ireland. Irish Prime Minister Enda Kenny told parliament today that he would be calling a referendum before…
Oneok Drops on Secondary Offering (OKS, OKE)
Natural gas pipeline MLP Oneok Partners L.P. (NYSE: OKS) has announced a secondary offering of 8 million common units at a discount of 3.2% to Monday’s closing price. The company had announced, but not…
Morning Movers (ALIM, TBET, ODP, PEIX, APOL)
The three major US equities indexes opened flat this morning following a poor report on durable goods orders (more coverage here) and a new low for the Case-Shiller home price index (more coverage here).…
Sterne Agee Lowers Estimates on Research in Motion (RIMM, AAPL, GOOG, MSFT)
Investment firm Sterne Agee has lowered its estimates on Research in Motion Ltd. (NASDAQ: RIMM) while maintaining its ‘neutral’ rating on the company. Sterne Agee noted in its report that RIM’s “Blackberry continues to…
Housing Prices at New Low
Although news on the home building front has been improving, the latest S&P Case-Shiller Home Price Index is at its lowest level since 2003. The 20-city composite index for 2011 fell by -4%. The…
US Economic Confidence Index Steady
The latest Gallup Economic Confidence Index indicates that Americans’ confidence in the US economy is better than a year ago and better than a month ago. But the number has remained essential flat week-over-week,…
HollyFrontier Beats on Revs, Misses EPS (HFC)
Refiner HollyFrontier Corp. (NYSE: HFC) reported fourth quarter and full year earnings this morning, and the results are mixed. The company posted quarterly EPS of $1.06, compared with a consensus estimate of $1.20. Revenues…
Morning Wire — US Stock-Index Futures Rising
US index futures are rising this morning following the lead of markets in Asia and Europe, all of which are higher today. In Europe, a report on eurozone business and consumer confidence came in…
Homebuilder Hovanian Gives Upbeat Report on Contracts (HOV)
New Jersey-base homebuilder Hovnanian Enterprises Inc. (NYSE: HOV) reported this morning that its preliminary net contracts for the three-months ended January 31st, rose by 27% year-over-year, from 850 to 1,079. The company also said…
Europeans Gain Confidence in Economy
The European Commission has reported that business and consumer confidence in the Eurozone rose in February, from 93.4 in January to 94.4. The survey indicates growing confidence that the Eurozone economy is stabilizing. One…
TransCanada to Build Keystone XL Leg (TRP, ENB)
When President Obama killed the application from TransCanada Corp. (NYSE: TRP) to build the 1,700-mile Keystone XL pipeline, the move did not kill the idea of the pipeline. The president said Transcanada could reapply…
24/7 Wall St. Closing Bell (SHLD, IPG, DNKN, AEP, URI, AES, BCPC, CHTR, CTB, EP, LOW, KWK, RIG, VRX, ATPG, CQP, DNDN, IMI, MVIS)
Stocks opened down this morning following on weakness in Europe following the G20’s refusal to provide additional funding to the IMF. But at the end of the first hour of trading, a good report…
Sprint Set to Take on More Debt (S, PCS, CLWR)
Sprint Nextel Corp. (NYSE: S) is heading back to the bond market to raise $2 billion according to a report in The Wall Street Journal. The company’s board last week rejected a proposal to…
Mid-day Movers (ATPG, PEIX, LNG, DNDN, BCPC)
In the last half hour of the morning today, all three major US stock indexes pushed their way into positive territory, with the DJIA up nearly 4 points at about 13,987, the Nasdaq up…
Chinese Jewelry Maker Puts $80 Million on the Shelf (KGJI)
Kingold Jewelry Inc. (NASDAQ: KGJI) has filed a Form S-3 with the US Securities and Exchange Commission a shelf registration for $80 million in common and preferred stock, warrants, and debt. Kingold makes and…
Morning Movers (ATPG, LNG, CTB, CASM, DNDN)
The three major US equities indexes opened lower this morning following news from Europe that the G20 has refused to increase the IMF’s funding to deal with the Eurozone debt crisis. Crude oil prices…
Cheniere Lands $2 Billion Investment from Blackstone (CQP, BX, LNG)
Cheniere Energy Partners L.P. (AMEX: CQP) has announced an agreement with affiliates of Blackstone Group LP (NYSE: BX) under which Cheniere will receive $2 billion in financing for the first two of a planned…
Chinese Officials Must Now Buy Chinese-Made Cars (TM, GM, F)
The Chinese government over the weekend issued a rule requiring government officials to buy only Chinese-branded cars. The rule is intended to help support the country’s automakers who have seen sales fall from the…