The 4 Stocks That Dominated the Market on Wednesday
thinkstockFebruary 26, 2014: Markets opened higher on Wednesday and bounced off an early low on a strong report from the Census Bureau on new home sales — up 10% in January. The tech stocks…
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Paul Ausick
Is Google Worth as Much as Exxon?
Wikimedia CommonsWe’re about to see another change near the top of the rankings of the most valuable publicly traded U.S. companies. Apple Inc. (NASDAQ: AAPL) looks secure for a while at number 1 with…
Boeing Black Smartphone: Secret, Secure, Self-Destructing(!)
ThinkstockThe Boeing Co. (NYSE: BA) has filed documents with the Federal Communications Commission (FCC) for a smartphone it calls the Boeing Black and that the company is developing as a means of secure communication…
Could Hacking Cause the Next World War?
Nawaf Bitar, a senior vice-president at Juniper Networks, believes that cyberwar is an even bigger threat than is terrorism, and that a cyberattack that goes unchecked will lead to a real war.
Tight Inventory Levels Will Lift Gasoline Prices
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 100,000 barrels last week, maintaining a total U.S. commercial crude inventory to 362.4 million…
New Homes Sales Surge 10%
ThinkstockThe U.S. Census Bureau Wednesday morning released data on new single-family home sales for January. Sales rose 9.6% month-over-month, to a seasonally adjusted annual rate of 468,000, from a revised December sales figure of…
Dollar Tree Earnings, Guidance Fall Just Short
Dollar Tree reported disappointing fourth-quarter and full-year fiscal 2014 results before markets opened Wednesday morning. Shares fell more than 2% in premarket trading.
More Earnings Woes for Petrobras
Petrobras has committed to spending vast amounts to develop and produce its massive offshore fields. The level of spending does not quite match up with its production however. The deflating real also has chipped…
Chesapeake Earnings Sink on Production Decline
Chesapeake Energy reported disappointing fourth-quarter and full-year 2013 earnings before markets opened Wednesday morning. Sequential declines in oil and natural gas production get the blame.
Mortgage Loan Rates Rise Slightly, Home Purchases Fall to 1995 Level
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 8.5% in the group’s seasonally adjusted composite index. That followed a drop of 4.1% for the…
First Solar Investors Dumping Shares on Weak Guidance
ThinkstockThin-film solar PV maker First Solar Inc. (NASDAQ: FSLR) reported fourth quarter and full-year results after markets closed Tuesday. The company posted adjusted diluted earnings per share (EPS) of $0.89 and $768 million in…
The 4 Stocks That Dominated the Market on Tuesday
thinkstockFebruary 25, 2014: Markets opened slightly higher on Tuesday then bounced around the break-even line right up until the closing bell. Consumer goods, materials, and services tried to keep momentum up, but tech, financials,…
Tesla Model S Top Pick for 2014: Consumer Reports
Courtesy of Tesla MotorsAs if Tesla Motors Inc. (NASDAQ: TSLA) needed another boost this week, Consumer Reports magazine has named the company’s Model S sedan as its overall Top Pick for 2014. Test performance,…
Boeing Shopping 11 Early Dreamliners at Bargain Prices
courtesy Boeing Co.There are 11 Boeing 787 Dreamliners parked on the tarmac at The Boeing Co. (NYSE: BA) plant near Seattle that have been rejected the airlines that placed the original orders. Normally, Boeing…
Sears Attempts Real Estate Sale Through Website
courtesy of Mike Kalasnik, via Wikimedia CommonsIn December, Sears Holdings Corp. (NASDAQ: SHLD) filed with the U.S. Securities and Exchange Commission to spin-off its Lands’ End stores, leaving the Auto Centers for a potential…
BlackBerry in Barcelona: New Phones, New Deals
Tuesday's spotlight at the Mobile World Congress in Barcelona focused on BlackBerry. The once-premier smartphone maker introduced two new phones and announced new contracts for its enterprises services product.
Case-Shiller: Strong Home Price Recovery Is Over
ThinkstockThe S&P/Case-Shiller home price index for December posted a month-over-month decline of 0.1% on the 20-city composite index. It was unchanged on the 10-city index. The 20-city composite rose 13.4% year-over-year, slightly higher than…
Macy’s Earnings Stung by Weather-Related Store Closings
Macy's reported better-than-expected fourth-quarter and full-year 2013 earnings before markets opened Tuesday morning. The company also reiterated its previously announced 2014 guidance.
American Tower Earnings Hit by Currency Exchange Rates
American Tower reported mixed fourth-quarter and full-year 2013 results before markets opened Tuesday morning. The stock was touted by several analysts as top pick for 2014, but these results may cool that enthusiasm somewhat.
T-Mobile US Results Reflect Impact of Price War
T-Mobile US reported fourth-quarter and full-year 2013 results before markets opened Tuesday morning. The wireless carrier reported that it ended 2013 with more than 46.7 million customers.