Marin Software IPO Goes Out Strong
ThinkstockCloud software company Marin Software Inc. (NYSE: MRIN) held its initial public offering (IPO) this morning, and the shares priced at $14, above the projected range of $11 to $13. The company offered 7.5…
All Work
Paul Ausick
Gold and Silver — Is the Shine Wearing Off? (GLD, ABX, NEM, KGC, SLW)
ThinkstockThe banking crisis in Cyprus has dragged on for a week now, with threat projections ranging all the way from “dire” to “who cares.” It seems reasonable to assume that whatever threat Cyprus poses…
Tiffany’s Meets Lowered Estimates, Maintains Previous Outlook
courtesy Tiffany & Co.Tiffany & Co. (NYSE: TIF) reported fourth-quarter and full-year 2012 results before markets opened this morning. The luxury goods company reported diluted earnings per share (EPS) of $1.40 on revenues of…
BP’s $8 Billion Buyback Is Money Badly Spent
courtesy of BP plcBritish-based oil supermajor BP PLC (NYSE: BP) deposited a check for nearly $12.5 billion yesterday as it closed the sale of its 50% in TNK-BP to Russia’s Rosneft. The company announced…
Market Close: Big Winners & Losers for March 21, 2013 (ANAC, ACAD, ENTA, CMT, AFFY, BLDP, GMO, CIMT, AQ, SCHL)
thinkstockHere are today’s five biggest gaining stocks at closing: Anacor Pharmaceuticals Inc. (NASDAQ: ANAC) is up 26% at $4.84. ACADIA Pharmaceuticals Inc. (NASDAQ: ACAD) is up 23.9% at $8.24. Enanta Pharmaceuticals Inc. (NASDAQ: ENTA)…
24/7 Wall St. Closing Bell — March 21, 2013: Markets Slide on Europe Fears (FDX, WSM, YHOO, BKW, HON, ORCL, JBL, TUMI, KBH, LULU, MOV, ROST, MU, NKE, SLW, VRNG, DRI, TIF, AFFY, ACAD)
U.S. equity markets opened lower this morning and trailed slowly downward all day. The situation in Cyprus was unchanged this morning (more coverage here). In Europe, both manufacturing and non-manufacturing PMI fell short of…
Top Defense Stocks for North Korea Conflict (LMT, NOC, GD, RTN, BA, T, CTL, BAH, IBM, HPQ)
ThinkstockNorth Korean television this morning broadcast another thinly veiled threat against the United States. In a translation provided by the U.K.’s Guardian newspaper, North Korea said: The U.S. should not forget that our precision…
Goldman Tells Europe Refiners to Cut Production
ThinkstockFrom 2007 to 2012, imports of crude oil to the northeastern U.S. have fallen from around 1.5 million barrels a day to 870,000 barrels according to the U.S. Energy Information Agency. The drop is…
J.C. Penney: The Titantic Finally Sinks
courtesy J.C. Penney Co. Inc.Like the owners and builders of the Titanic, the board and management of J.C. Penney Co. Inc. (NYSE: JCP) apparently believed the 110-year old retailer was unsinkable. Or at least…
Existing Home Sales Rise Slightly, Inventories Still Low
ThinkstockThe National Association of Realtors (NAR) reports that the seasonally adjusted annual rate of existing home sales in February rose 0.8% to 4.98 million from an upwardly revised total of 4.94 million in January.…
Natural Gas Supply Better Than Expected, Price Falls
thinkstockThe U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks declined by 62 billion cubic feet last week, slightly less than the decline of 70 billion cubic feet anticipated by analysts.…
BP Out of Russia — Finally
courtesy of BP plc The long saga of BP PLC (NYSE: BP) and its operations in Russia is just about wind up. The U.K. firm today closed the sale of its 50% stake in…
China Picks a Solar Company to Rescue
thinkstockWith Suntech Power Holdings Co. Ltd. (NYSE: STP) now in Chinese bankruptcy court, the shakeout in the Chinese solar industry is officially underway. What’s shakin’ today is a $51 million 15-year loan to solar…
January Home Prices Rise — FHFA
ThinkstockThe Federal Housing Finance Agency (FHFA) reported this morning that home prices in the United States rose 0.6% month-over-month in January, following a downward revision of the December housing price index to a gain…
Loss Narrows at KB Home, Revenues Soar
ThinkstockKB Home (NYSE: KBH) reported first-quarter 2013 results before markets opened this morning. The home builder posted a quarterly diluted earnings per share (EPS) loss of $0.16 on revenues of $405.2 million. In the…
Global TV Shipments Fell in 2012
ThinkstockManufacturers including Sony Corp. (NYSE: SNE), Samsung Electronics, LG Electronics, Panasonic Corp. (NYSE: PC) and Sharp shipped more than 232 million TVs in 2012. But that is 6% fewer than the 249 million units…
Lululemon Fabric, Forecast Less Than Expected
ThinkstockYoga and athletic apparel maker Lululemon Athletica Inc. (NASDAQ: LULU) reported fourth-quarter and full fiscal year 2012 results before markets opened this morning. For the quarter, the company reported diluted earnings per share (EPS)…
Market Close: Big Winners & Losers for March 20, 2013 (DGICB, MODN, OMPI, AFFY, MARK, BLRX, MXWL, FREE, LIVE, ATOS)
thinkstockHere are today’s five biggest gaining stocks at closing: Donegal Group Inc. (NASDAQ: DGICB) is up 33.4% at $28.10. Model N Inc. (NYSE: MODN) is up 30.5% at $20.22. This is the company’s IPO.…
24/7 Wall St. Closing Bell — March 20, 2013: Markets Open Higher, Hold Gains on FOMC Statement (ZNGA, DE, BBY, AAPL, BBRY, ADBE, CTAS, FTEK, WSM, FDX, GIS, LEN, ORCL, JBL, TUMI, KBH, LULU, MOV, ROST, OMPI, VRX, AFFY)
U.S. equity markets opened higher this morning and maintained the upside, anticipating that today’s FOMC statement would not provoke any surprises. And the markets were not surprised (more coverage here). In Europe, the Cypriot…
No Change to Interest Rate, QE; Forecast Mixed — FOMC
courtesy U.S. Federal ReserveThe less things change, the more time everyone has to speculate about what might happen if things do change. As expected, the Federal Reserve’s FOMC today announced that it is leaving…