Holiday Season Was Good to American Express
American Express cited increased spending and borrowing by cardholders during the holiday season as a reason its fourth-quarter net income more than doubled.
All Work
Trey Thoelcke
Homebuilder Confidence Levels Out in January
Following an unexpected jump last month, builder confidence has essentially leveled out, according to the NAHB. Many markets continue to improve, which bodes well for future home sales.
The Death of the Best Buy Turnaround
Best Buy shares were crushed in premarket trading Thursday after the company reported disappointing holiday sales and forecast a larger-than-expected decline in quarterly operating margins.
Citigroup Earnings Disappoint
Citigroup shared its fourth-quarter and full-year 2012 results before markets opened Thursday morning. The bank missed on both the top and bottom lines for both periods.
J.P. Morgan Strategist Says One-Quarter of All Stocks Are Still Cheap
After a strong 2013 where the S&P 500 was up almost 30%, you would think that most stocks would be close to being fully priced. That's not what Thomas Lee, the chief equity strategist…
Strong Growth Lifts UnitedHealth Earnings
Before markets opened Thursday morning, UnitedHealth Group reported fourth-quarter and full-year 2013 results that topped consensus estimates on the top and bottom lines.
Post-Holiday Bump in Mortgage Applications as Rates Drop
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a increase of 11.9% in the group’s seasonally adjusted composite index. The previous week’s results included an adjustment for…
Cantor Fitzgerald Shows Best Global Equity Research Ideas for 2014
The new year is well under way and the major firms on Wall Street are all presenting their best stock ideas for 2014. The team at Cantor Fitzgerald is no exception.
Four Restaurant Stocks Set to Thrive in 2014 and Beyond
ThinkstockBarron’s suggested this week that the recovery in the housing market could spell trouble for restaurant stocks going forward. But there seem to be two theories on what could happen. Investors seem to feel…
A Million China Mobile iPhone Preorders: Off to the Races?
While Apple CEO Tim Cook was in Beijing to meet Chairman Xi Guohua of China Mobile, the latter company announced that preorders for the iPhone have reached about 1 million units.
Credit Suisse Adds 10 Stocks to Buy to Its 2014 Top U.S. Investment Ideas List
Credit Suisse recently added 30 names to its top ideas list. Ten of those names make its #1 Top Picks list. 24/7 Wall St. takes a look at each of the ten.
Twitter Face-Lift Shows the World Is Going Mobile
Twitter is getting a face-lift. And its new look of its website resembles the company's mobile apps for iOS and Android. The decision may have been a no-brainer for Twitter, because that is where…
Whiskey Maker Beam to Be Swallowed Up by Suntory
ThinkstockBeam Inc. (NYSE: BEAM), the maker of Jim Beam and Marker’s Mark alcohol brands, has agreed to be acquired by Japan’s Suntory Holdings. Suntory will pay $83.50 per share, which is a 25% premium…
Lululemon Cuts Guidance: From Bad to Worse
Declining traffic and sales so far in January have prompted yoga-inspired clothing company Lululemon Athletica to lower its fiscal fourth-quarter guidance below analysts' estimates. Shares fall 7% in premarket trading.
CEO Chen to Stay on at BlackBerry: Can He Save the Sinking Ship?
The search for a new CEO for BlackBerry is over. John S. Chen has promised to stay on at BlackBerry and the word "interim" has been dropped from his title as chief executive.
Cloud Software Sales Boost SAP Earnings, Investors Not Impressed
SAP reported better-than-expected preliminary fourth-quarter 2013 results before markets opened Friday, boosted by strong growth in cloud software sales.
More Millionaires in Congress Than Ever Before
At a time when federal lawmakers are debating issues like unemployment benefits, food stamps and the minimum wage, as well as considering an overhaul of the tax code, there are now more millionaires in…
December Traffic Results Lift Airlines to New Highs
Shares of major airlines hit new 52-week highs Thursday in the wake of reports of strong traffic in December. That was good news for the companies after several days of storms and record cold…
Merrill Lynch Top Medical Technology Stocks to Buy for 2014
At this time last year, the sentiment on Wall Street for the medtech sector was very poor. The bearish sentiment that prevailed in January of 2013 is gone, but expectations are still tempered. That…
Credit Suisse Favors Quality at Any Price Top Momentum Growth Stocks
In a new research report, the investment strategy team at Credit Suisse is recommending investors look to move out of the deep value stocks that have been so successful and consider stocks in the…