Disappointing IPO Pricings (MG, OMER, BSBR, VRSK)
Initial public offerings are supposed to do well in up-markets. This morning we have two IPOs and both seem weak compared to some of the strength we have seen elsewhere. Mistras Group (NYSE: MG)…
All Work
Douglas A. McIntyre
Top 10 Analyst Upgrades and Downgrades (ADBE, BRCM, EBAY, GS, LLL, MS, MWW, MOS, RAX, WFC)
These are this Thursday morning’s top 10 Wall Street research calls we have seen in the land of upgrades, downgrades, and initiations: Adobe Systems (NASDAQ: ADBE) Raised to Outperform at RW Baird. Broadcom (NASDAQ:…
Very Mixed Analyst Calls in Financial Stocks (GS, MS, BBT, CMA, FITB, PNC, PRSP, STI, WFC)
We are seeing a very mixed picture among the analyst calls this morning over banks and financial stocks. We are seeing some very positive “BUY” calls and we are also seeing some new “SELL”…
SEC Appeals Cuban Insider Trading Decision
The SEC”s reputation, already hurt by its action or lack thereof during the credit crisis, took another blow when a federal judge rejected its $33 million settlement with Bank of America (NYSE:BAC). The SEC…
As Recovery Takes Root, Airlines Delays To Hit Record Levels
The events of 9/11 and the recession have cut sharply in to airline travel. That has been demonstrated by carriers cutting routes and laying off employees. There were a few airline bankruptcies last year.…
Too Many Smartphones
Dell (NASDAQ:DELL) announced that it will launch a smartphone with AT&T (NYSE:T) next year. The handset will be powered by the Google (NASDAQ:GOOG) Android operating system. The news about Google’s role has to annoy…
The Rise Of The Kindle And The Fall Of Literacy
Jeff Bezos, the founder of Amazon (NYSE:AMZN), is being praised as the man who has invented the next big and important electronic device. That category includes the Sony (NYSE:SNE) PS2, the Apple (NASDAQ:AAPL) iPod,…
Media Digest 10/8/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: GM says most of its cost cutting is done and its sales chief left. Reuters: Spot gold hit a record above $1,050. Reuters: The Senate healthcare bill weighs in at $829 billion. Reuters: …
Asia Markets And Europe Open 10/8/2009
Markets in Asia rose moderately with Shanghai closed for the holiday. The Nikkei rose .3% to 9,832. The Hang Seng was up 1.1% to 21,475. HSBC (NYSE:HBC) was up. At the open in Europe,…
Ron Paul, With Nothing Better To Do, Asks To Delay Bernanke Confirmation
Ron Paul found that he could not be elected President and in most of the United States could not make a solid run for dog catcher. He spends most of his time in Washington…
52-Week High Club
Kohl’s Corporation (NYSE: KSS) hit a yearly high of $58.03 after Morgan Stanley upgraded the department store operator from “equal weight” to “overweight”. MV Oil Trust (NYSE: MVO) hit a yearly high after the…
ALCOA Brings In Surprise Profit (AA)
Aluminum giant and Dow Jones Industrial Average component Alcoa Inc. (NYSE: AA) has just kicked off earnings season for the Q3-2009 period. Shares were halted ahead of the earnings report. The company posted a…
ConocoPhillips Gets More Shareholder-Friendly (COP, XOM, CVX)
ConocoPhillipsConocoPhillips (NYSE: COP) is trying to further adopt shareholder-friendly strategies with a higher payout and lower expenses. With as much as this stock has lagged some peers until recently, that should be of little…
Oil Tries to Interpret Inventory Data (OIH, USO, OIL)
The Department of Energy gave some critical data in its weekly oil inventories. Frankly, you can make a bullish case here and a bearish case as well. The drop in crude oil came to…
Major Secondary Offerings Keep Coming (ALTH, ATAX, ARYX, APPY, GRS, LINE, SGMO, CAR)
We are seeing more and more waves of secondary offerings continue to hit the Street since the stock market has held up. Many stocks are close to near-term highs and it seems they are…
Citi Pumps Vonage (VG)
Vonage Holdings Corporation (NYSE: VG) was a recent huge winner on news that it was going to enter the apps market and would be available on iPhones and more. The shares have risen this…
Today’s Best Market Rumors (10/7/2009) (NOK)(AAPL)(JPM)(GE)(WYNN)
Updated throughout the day. Updated 2:44 Dell Inc. (NYSE: DELL) will launch a branded Android smartphone thru AT&T Inc. (NYSE: T) and possibly other carriers next year. Source today is from WSJ, but ask…
Top Day Trader Alerts (C, RPRX, AAI, AVNR, AA, LINE, VICL)
These are this Wednesday morning’s top day trader and active trader stocks with price and volume moves. More detailed price and volume analysis has been provided with a link to each stock story over…
24/7 Wall St. TV: $10 Trillion In Baby Boomer Cash
Baby boomers control $10 trillion in assets. A great deal if not most of that money has been invested in the stock market as this part of the population attempted in increase the size…
Top Analyst Upgrades (ANF, CSCO, KO, GR, HMY, KSS, NWS-A, DIS, VIA-B)
These are this Wednesday mornings top pre-market analyst upgrades and positive research calls we have seen early on from Wall Street: Abercrombie & Fitch (NYSE: ANF) Raised to Equal Weight at Morgan Stanley. Cisco…