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Paul Ausick

Global Recall Hits 2.64 Million Volkswagen Cars

Courtesy Volkswagen AGGerman automaker Volkswagen said on Thursday that it is recalling a total of 2.64 million cars worldwide to fix a variety of problems affecting a number of different models. The recall includes…

Paul Ausick · 13 years ago

Homebuilder Stocks to Buy Ahead of Looser Borrowing Rules

ThinkstockThe recovery in the housing market has been a big story this year and the market for new homes could improve even more. according analysts at Sterne Agee. Homebuilders D. R. Horton Inc. (NYSE:…

Paul Ausick · 13 years ago

Walmart and Kohl’s: Weak Results, Weaker Outlooks

courtesy Wal-Mart Stores Inc.Wal-Mart Stores Inc. (NYSE: WMT) reported third-quarter fiscal 2014 results before markets opened Thursday morning. The retailing giant posted diluted earnings per share (EPS) of $1.14 on revenues of $115.7 billion.…

Paul Ausick · 13 years ago

Boeing Union Rejects Contract, Company Could Move 777X Plant

Courtesy Boeing Co.The labor union representing more than 30,000 workers at Boeing Co. (NYSE: BA) has rejected an eight-year contract extension that the company said was required if the new Boeing 777X was to…

Paul Ausick · 13 years ago

Tesla Plant Accident Not a Fire

ThinkstockWhat was first reported as a fire on Wednesday afternoon at the Tesla Motors Inc. (NASDAQ: TSLA) has now been explained by the company as a failure in a low-pressure aluminum casting press. Three…

Paul Ausick · 13 years ago

Cisco Sales Lag Even Most Minimal Expectations

courtesy of Cisco SystemsCisco Systems Inc. (NASDAQ: CSCO) reported fourth fiscal quarter and full-year 2013 results after markets closed on Wednesday. For the quarter the networking giant reported adjusted diluted earnings per share (EPS)…

Paul Ausick · 13 years ago

Social Media Stocks Get Boost from an Unlikely Source

ThinkstockShortly after 10:00 a.m. Wednesday morning, shares of Facebook Inc. (NASDAQ: FB) began to climb to an intra-day high of more than $48, up from around $46.50. The company’s CFO sold more than 900,000…

Paul Ausick · 13 years ago

Can Fracking Keep U.S. No.1 Oil Producer?

ThinkstockTwo recent well-respected and long-running oil industry publications have proclaimed that booming production in North America, particularly in the U.S. shale fields, will hit a plateau as early as 2016 and that production declines…

Paul Ausick · 13 years ago

Chegg IPO Implosion, Duping Main Street

ThinkstockChegg Inc. (NYSE: CHGG), an online textbook rental firm that also offers an online marketplace for textbooks, homework help and an array of other services for students, held its initial public offering (IPO) Wednesday…

Paul Ausick · 13 years ago

Extended Stay America IPO Sets the Bar for Other Lodging IPOs

ThinkstockExtended Stay America Inc. (NYSE: STAY) held its initial public offering (IPO) Wednesday morning, selling 28.25 million shares at $20 each. The estimated range for the IPO had been $18 to $21. The offering…

Paul Ausick · 13 years ago

Macy’s Earnings Look Good Because Expectations Are Lower

ThinkstockMacy’s Inc. (NYSE: M) reported third-quarter 2013 results before markets opened Wednesday morning. The department store giant posted quarterly diluted earnings per share (EPS) of $0.47 on revenues of $6.28 billion. In the same…

Paul Ausick · 13 years ago

Canadian Solar Earnings Should Lift Solar Energy Stocks Today

ThinkstockCanadian Solar Inc. (NASDAQ: CSIQ) reported third-quarter 2013 results before markets opened Wednesday morning. The Chinese solar panel maker posted diluted earnings per share (EPS) of $0.56 on revenue of $490.9 million. In the…

Paul Ausick · 13 years ago

Mortgage Loan Rates Creep Higher

ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 1.8% in the group’s seasonally adjusted composite index. That followed a drop of 7% for the…

Paul Ausick · 13 years ago

NQ Scandal Continues Through Earnings Report

ThinkstockNQ Mobile Inc. (NYSE: NQ) reported fiscal third quarter 2013 earnings after markets closed on Tuesday. The Chinese mobile Internet carrier posted adjusted diluted earnings per American Depositary Share (ADS) of $0.28 on revenues…

Paul Ausick · 13 years ago

Costco and GM Want You to Buy a Cadillac

courtesy of General Motors Co.The latest promotion being offered by Costco Wholesale Corp. (NASDAQ: COST) and General Motors Co. (NYSE: GM) has been a rousing success according to an Tuesday announcement from Costco. Costco…

Paul Ausick · 13 years ago

Big Companies Under Attack from Short Sellers

ThinkstockThe latest report on short interest shows some pretty big names getting slammed pretty hard by short sellers. We thought it would be interesting to look at five heavily traded large cap stocks that…

Paul Ausick · 13 years ago

Lawsuit Delaying Airline Merger Settled

ThinkstockThe merger to create the world’s largest airline, which had been stalled by a lawsuit filed by the U.S. Department of Justice, has reached a settlement Tuesday and the news has lifted all airline…

Paul Ausick · 13 years ago

Oil Consumption, Production Shifting: IEA World Energy Outlook

ThinkstockThe International Energy Agency (IEA) released its 2013 World Energy Outlook on Tuesday morning, and its central argument is that the dynamics of energy production and consumption are rapidly changing. Demand is shifting to…

Paul Ausick · 13 years ago