By John Tamny The great Canadian economist Reuven Brenner has likened macroeconomic calculations to dangerous mythmaking that sustains “the illusion that prosperity is necessarily linked with territory, national units, and government spending in general.”…
These are some of the top stocks to watch for active trading today based on pre-market and after-hours volume activity. There are links through to more detailed coverage and volume analysis at VSInvestor.com Symantec…
We have two IPO’s today, which sort of got lost in the earnings season shuffle. Despite the recent market strength and the performance of recent IPO’s, both of these have been disappointing. Globe Specialty…
We just got the Labor Departments read on the weekly jobless claims,and that figure came in at a gain of 25,000 to 584,000 on a seasonally adjusted basis. Bloomberg listed the consensus expectation as…
These are the top upgrades, downgrades, and new coverage calls from Wall Street analysts in technology and telecom this Thursday morning: Akamai Technologies (NASDAQ: AKAM) Cut to Hold at Jefferies; Cut to to Neutral…
It seems that the sudden relief of political and regulatory pressure against General Electric Co. (NYSE: GE) caught more than just our eyes after the close yesterday. The conglomerate and financial giant saw its…
Chrysler sells very few cars overseas, so it may never recover from the auto industry recession. GM and Ford (F), which have fairly large operations outside the US, should look at VW’s results for…
The delays in the Boeing (BA) Dreamliner were bound to cause its customers to take actions against the airplane manufacturer and that has happened. The Wall Street Journal reports that British Air is seeking…
Nintendo had its worst quarter in a long time. Sales of its aging Wii video console fell by over half to 2.23 million units for the last period. Profits also dropped by more than…
No one wants to say the recession is over. It would be bad luck. The minute a prominent economist or the head of the Fed or Treasury Secretary calls an end to the downturn,…
Wall St. found a lot of things wrong with the joint venture in the search engine industry between Microsoft (MSFT) and Yahoo! (YHOO) The smaller company’s stock dropped 12% and analysts felt that it…
Reuters: Unemployment is causing further stress in the housing market. Reuters: The Microsoft (MSFT) deal with Yahoo! (YHOO) may have challenges with regulators. Reuters: Sony (SNE) lost money on weakness in its TV business.…
Most markets in Asia were up slightly. The Nikkei rose .5% to 10,165. Honda (HMC) rose on good results as did Sony (SNE). The Hang Seng was up .9% to 20,312. Lower oil prices…
There is news out in the after-hours session that General Electric Co. (NYSE: GE) may be a bit safer from all of the fears that it would have to separate its manufacturing and its…
Green Mountain Coffee Roasters, Inc., (NASDAQ: GMCR) has been a stock that nearly defied logic in its meteoric rise. It has at least defied gravity. The company has just announced its fiscal 2009 third…
The Mosaic Company (NYSE: MOS) has just announced a new unsecured credit facility with a syndicate of banks. While credit has been tight for many companies, this new three-year $500 million unsecured facility replaces…
USEC Inc. (NYSE: USU) has just announced that it is requesting that the Obama administration “review further the economic recovery and national and energy security benefits of providing a loan guarantee for the American…
Petra Solar, Inc. may be an unknown company to many investors. But an announcement from it and Public Service Enterprise Group Inc. (NYSE: PEG) may soon change that. The companies both released data on…
We may soon see if Goldman Sachs Group Inc.’s (Nasdaq: GS) argument that government attempts to curb energy market speculation will have unwanted consequences. All signs point to the CFTC putting in trade position…
This Friday will mark the first look at Q2 preliminary Gross Domestic Product. The GDP, or the GNP if you learned it before the mid-1990’s, is expected to show another quarter of decline as…