Two IPOs On Deck (ADUS, VSI, BX)
We have two initial public offerings today. We have a poor pricing from Addus HomeCare Corporation (NASDAQ: ADUS) and a solid pricing from a Blackstone interest in the Vitamin Shoppe Inc. (NYSE: VSI) IPO.…
All Work
Douglas A. McIntyre
Top 10 Analyst Upgrades, Downgrades, Initiations (AKS, APOL, BP, CRDN, RX, SNDK, STI, TGT, TXN, WYNN)
These are this Wednesday’s top 10 seen analyst upgrades, downgrades and initiations which we have seen from Wall Street research calls: AK Steel (NYSE: AKS) Raised to Buy at Citigroup. Apollo Group (NASDAQ: APOL)…
More Bizarre Pay Czar News
A new analysis from The Wall Street Journal shows that pay czar Kenneth Feinberg raised the salaries of most of the executives over which he has jurisdiction. The paper reports that base salaries climbed…
US Consumer Confidence Up For The First Time Since 2007
The new Nielsen Global Consumer Confidence poll taken during the first two weeks of the month shows that the US had its first positive numbers since 2007. Reuters was given an early release of…
Only Sixty Shopping Days Until Christmas
The very most important corporate earnings for the last quarter are, with few exceptions, out now and October unemployment numbers will be released in a week. Third quarter GDP figures will be released any…
The Genius Of The Consumer And The Failure Of Car Brands
Consumer Reports came out with its annual new car reliability survey. The study is widely anticipated because it pre=”it “>is based on the opinions of 1.4 million people and because the Consumers Union is considered…
Interview With Caribou Coffee CEO, Michael Tattersfield
Caribou Coffee (NASDAQ: CBOU) is a retail and commercial coffee vendor. Its stock has soared more than 500% this year, well outperforming its peer group. 24/7 Wall St. had an opportunity to interview the company’s President…
Media Digest 10/28/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: The Nielsen survey shows consumer confidence up in the US for the first time since 2007. Reuters: Obama’s financial reforms are advancing in Congress. Reuters: The pay czar said his authority should not…
Asia Markets (10/28/2009)
Markets in Asia were mixed The Nikkei fel 1.4% to 10,075. Honda (NYSE:HMC) rose on good earnings and Toyota (NYSE:TM) and Sony (NYSE:SNE) are about to announce their results. The Hang Seng fell 1.3%…
24/7 Wall St. TV: CNBC Manages To Lose 50% Of Its Audience
It may be that when the stock market is not moving up or down 20% a month that people lose interest. That seems to be the case if the new CNBC ratings are any…
Apollo’s Woes (APOL)
Apollo Group Inc. (NASDAQ: APOL) is the clear leader of the private-sector public education companies. Yet, that leadership position is coming with some severe pain after its earnings. Apollo reported that its profit fell…
Visa Solid, But Not Immune (V, MA)
Visa Inc. (NYSE: V) is reporting some stellar earnings considering the environment and this appears to be the 6th or 7th beat against estimates. The credit card processing giant posted $0.74 non-GAAP EPS vs.…
24/7 Wall St. TV: Apple, The DVD Killer
The music industry never saw the Apple (NASDAQ:AAPL) iPod coming. The iPod was an expensive toy when it was introduced in 2001. There was no reason to think it would do well. Digital multimedia…
The Smart Grid Surge Hitting Home (ITRI, COMV, ELON, ED, CEG, DUK, FPL, NVE, POM, SO)
We are seeing at least some significant moves from the company’s who have announced that they are grant recipients under part of the $3.4 billion Smart Grid pledge from the Obama administration day. We…
Level 3 Earnings To Outline Direction (LVLT)
Level 3 Communications, Inc. (NASDAQ: LVLT) is set to release its third quarter 2009 earnings results on Wednesday morning before the open and plans to hold a conference call at 10:30 AM EST. Thomson…
Has the S&P 500 Index Peaked? (SPY)
The SPDRs (NYSE: SPY) is perhaps the most liquid of all ETF products in the world as it tracks the benchmark S&P 500 Index. One of our affiliates has just posed the very important…
Bankruptcy in Wind Turbine Maker Highlights Sector Risks (GE, SI, ZOLT, OTTR, BWEN)
Wind energy is supposed to be one of the key puzzle pieces in the quest to get off the dependence of foreign energy sources. Yet a fairly disturbing story from the Daily Camera in…
Confidence Heads Back South
All of the optimism from Joe Q. Public may be waning if the most recent data from The Conference Board holds up. Particularly as job anxiety keeps mounting. The October reading fell down to…
Ideation Cleared for China Advertising Activities (IDI, FMCN, VISN, AMCN)
Ideation Acquisition Corp. (AMEX: IDI) has been freed up to become SearchMedia, as expected. The special purpose acquisition company, or SPAC, issued a release noting that its shareholders approved all of the company’s proposals…
Chrysler Gambles On Fiat Models
Fiat never managed to sell many cars in the U.S. when it was competing with The Big Three and the Japanese makers, and in 1981 it pulled out of the American market altogether. That…