Jim Cramer came out with his fourth speculative technology stock pick on CNBC’s MAD MONEY tonight. His #4 pick for the basket is ON Semiconductor Corp. (NASDAQ: ONNN). He said the company did a…
Finally, the stress tests are out for the US banking and financial institutions. Of the banks, 10 of 19 banks need a combined $74 billion of equity.The good news is that a few companies…
If you think that credit to consumers (and by consumers) was being cut, you will see was an understatement. Consumer credit for the month of March was just released and it is the largest…
While nearly every brick-and-mortar retailer in the country was fighting record drops in same-store sales, e-commerce held its own in the first quarter. Some categories actually showed sharp increases in activity lead by sports…
There has been a steady trend in economic data, and that trend is a steady wave of “less-bad” data. We are even starting to see hints of that in the the employment numbers. It…
GE (GE) announced a push to increase R&D in its medical division, bring down prices for many of the technologies it creates, and provide financing to the doctors and hospitals who use the GE…
The device itself isn’t very different than the old Kindle. But it explains where Amazon sees itself expanding. By Chadwick Matlin of The Big Money At first, they hyped it as just a new…
Vonage Holdings Corporation (NYSE: VG) is seeing a surge in shares this morning after the VoIP telephony company announced a quarterly profit. Yep, a profit. This was a $5 million gain or $0.03 EPS…
Fed Chairman Ben Bernanke has been speaking via satellite this morning since 9:30 AM EST before the Federal Reserve Bank of Chicago Conference on Bank Structure and Competition in Chicago. But the focus of…
Japan’s Nikkei newspaper has reported that Exxon Mobil Corporation (NYSE:XOM) has reach an agreement to sell about 1.5 billion cubic meters/year of natural gas from the Sakhalin-1 project to Russia’s gas monopoly Gazprom. Exxon…
Holly Corporation (NYSE:HOC) this morning reported EPS of $0.44 on first quarter 2009 revenue of $650.8 million. Analysts had expected EPS of $0.30 on revenuesof $590.48 million. For the same period last year, Holly…
Wal-Mart Stores Inc. (NYSE: WMT) is up big this morning on a whopper of a same-store-sales figure for the month of April. The world’s largest retailer also noted that its 13-week comparable store sales…
SIRIUS XM Radio (Nasdaq: SIRI) posted a pro forma revenue gain of 5% from last year of $605.5 and posted $108.8 million in pro forma adjusted income from operations (up $179 million year over…
GM (GM) lost money in the last quarter, a total of $6 billion. That it only lost that much is a testament to its successful cost control work. The company’s revenue dropped a breathtaking…
These are some of the top pre-market analyst downgrades and cautious research calls from Wall Street this Thursday morning: American Superconductor (AMSC) Cut to Hold at Deutsche Bank. AT&T (T) Cut to Neutral at…
These are some of the top pre-market analyst upgrades or positive research calls from Wall Street this Thursday morning: Bank of America (BAC) Raised to Outperform at Baird; Raised to Overweight at Morgan Stanley.…
Baker Hughes Incorporated (NYSE: BHI) has announced its monthly rig counts for the month of April on the domestic and on a global basis. The good news is that the rate at which the…
Investors flock to defensive stocks in times of trouble and and when they worry, assuming they look to stay in the market when they are worried. But if the trend here continues, this may…
Verizon (VZ) and AT&T (T) are in a race to see whether the growth in their cellular and broadband businesses can accelerate faster than their residential landline businesses are shrinking. The fate of their…
If consumer spending on inexpensive items is supposed to be a foreshadowing of an improving economy, better days are still a long way off. Unilever, one of the largest consumer goods companies in the…