Zynga Aims for $1 Billion IPO
Social game-maker Zynga Inc. has filed an amended Form S-1 with the US Security and Exchange Commission indicating that the company plans to sell 100 million shares at a price between $8.50 and $10…
All Work
Paul Ausick
November Job Gains Forecast at +125,000
The US Department of Labor is set to report non-farm payroll numbers at 8:30 a.m. ET this morning. Estimates of the number of new jobs range from 75,000 to 175,000, with the average being…
24/7 Wall St. Closing Bell (GOOG, IAG, ERTS, STX, ONXX, CRZO, GIL, BKS, LULU, ISLE, KR, TLB, PEIX, LAVA, CLWR, STNG, HOVNP)
Equity markets opened slightly lower this morning, following yesterday’s big share price increases. For most of the day stocks traded slightly lower, although they have moved to a very slight gain in the final…
Has Potential Upside Gone Missing in Transport Stocks? (CSX, NSC, UNP, CP, JBHT, LSTR, DSX, DRYS, EXM, FRO)
Railroads and trucking companies have, for the most part, seen share prices rise over the past 12 months, while ocean-going shippers have taken a severe beating. Of four railroads, CSX Corp. (NYSE: CSX), Norfolk…
Massachusetts Sues Mortgage Lenders over Foreclosures (BAC, JPM, WFC, C)
In a threat to a national settlement related to the foreclosure “robo-signing” investigation, the attorney general of Massachusetts has filed suit against Bank of America Corp. (NYSE: BAC), J.P. Morgan Chase & Co. (NYSE:…
No Federal Guarantee for Rooftop Solar, No Problem (BAC)
The US Department of Energy in early September approved a conditional loan guarantee of $275 million to Bank of America Corp. (NYSE: BAC) and its BofA/Merrill Lynch division to support the installation of about…
Big Movers This Morning (CLWR, LAVA, LULU, GIL)
In the late morning today, we’ve noted some sizable price moves on unusually heavy trading volume for four stocks: Clearwire Corp. (NASDAQ: CLWR), Magma Design Automation Inc. (NASDAQ: LAVA), Lululemon Athletica Inc. (NASDAQ: LULU),…
UN Issues Global Deforestation Report
The United Nations Food and Agriculture Organization (FAO) has released a new study of global forests, noting a net loss of 72.9 million hectares in the 15-year period between 1999 and 2005. (One hectare…
Transocean Sells Senior Debt (RIG)
After raising more than $1 billion in a new share offering yesterday, Transocean Ltd. (NYSE: RIG) has now priced a senior debt offering worth a total of $2.5 billion for its wholly-owned subsidiary Transocean…
November Same-Store Sales Mixed, Winners and Losers (LTD, TLB, COST, TGT, M, DDS, JWN, KSS, GPS, ROST, JCP, TJX, LULU, SSI, PIR)
Retailers are reporting November sales this morning and the results are decidely mixed. The best report we’ve seen so far this morning is from Limited Brands, Inc. (NYSE: LTD) and the worst is from…
iPhone 4S Satisfaction Rating at 96% (AAPL, SSNLF, MMI, GOOG)
The iPhone 4S from Apple Inc. (NASDAQ: AAPL) gets top marks for customer satisfaction according to a new survey from Changewave Research. Some 77% of customers are “very satisfied” with the latest iPhone, and…
Talbot’s Misses Estimates, Closing 110 Stores (TLB)
The Talbot’s Inc. (NYSE: TLB) reported third-quarter earnings this morning and the news was not pretty. The company posted an adjusted EPS loss of -$0.22, compared with a consensus estimate of an EPS loss…
Same Store Sales Rise for Some Chains, Limited Gives Special Dividend (LTD, COST, SSI, PIR)
Early reports on November same-store sales indicate that shoppers have been more than willing to part with their money. Limited Brands Inc. (NYSE: LTD), Costco Wholesale Corp. (NASDAQ: COST), Stage Stores Inc. (NYSE: SSI),…
Pre-market: US Futures Down, Gold Slips
US stock futures are down slightly this morning as traders are taking a breather following yesterday’s surge in equity prices. European and Asian markets outside the UK, Switzerland, and Hong Kong are also weaker.…
Today’s Big Movers (AATI, PCX, CSIQ, JASO, TSL)
On a day when all the major indexes closed up more than 3.5% on strong buying action, there are several stocks that made gains that are even larger. These big movers include Advanced Analogics…
24/7 Wall St. Closing Bell (HD, GMCR, NFLX, STP, RIG, CPN, AEO, JOSB, SDRL, ARO, KKD, ZOLT, AATI, PCX, AVL, JASO, SFLY)
Strong reports from the Chicago purchasing managers index and pending home sales juiced the equity markets this morning, and the gains held up throughout the day. Part of the bounce is due to a…
ConocoPhillips Could Sell Louisiana Refinery Before Spin-off (COP, BX)
In July, ConocoPhillips Corp. (NYSE: COP) announced that it would spin off its refining and marketing business into a separate company in the first half of 2012. Now, it seems, the company might be…
Buffett Buys Hometown Newspaper (BRK-A, BRK-B, WPO)
Is Warren Buffett just an old softie? Berkshire Hathaway Inc. (NYSE: BRK-A, BRK-B) has announced that it is purchasing the Oracle of Omaha’s hometown newspaper, the Omaha World-Herald, and six other daily and several…
Potential Upside Among Chip Maker Stocks (INTC, AMD, BRCM, ARMH, QCOM)
The landscape continues to shift in the chip market and semiconductor makers are doing what they can to shift with the times. The move to more mobile devices like smartphones and tablets and away…
Crude Oil Prices Rise on Employment, Europe
WTI crude oil has risen about 1.5% this morning, to around $101.28/barrel, on the news that US employers added 206,000 new jobs in November and the US Federal Reserve, the European Central Bank, and…