These are some of the top pre-market analyst downgrades we have seen early this Tuesday morning from Wall Street: Ameristar Casinos (ASCA) Cut to Neutral at JPMorgan. Bank of America (BAC) Started as Underperform…
These are some of the analyst calls we have seen up and down in the oil patch this Tuesday morning: Mariner Energy (ME) Started as Buy at Jefferies. BP (BP) Cut to Perform at…
Over the past week, the 24/7 Wall St.–The Channel Checkers surveyed 30 Harley Davidson dealers across the United States to track sales trends of Harley Davidson motorcycles. We asked the following questions: 1. What bike…
AMR Corp. (NYSE:AMR) and unions representing pilots, flight attendants and maintenance workers at its American Airlines subsidiary are locked in labor negotiations that are growing increasingly contentious. Shareholders should be extremely worried. As the…
The Administration wants to put longtime Merrill Lynch executive Herb Allison in charge of the $700 billion TARP program. Allison is currently the CEO of Fannie Mae (FNM), a job entrusted to him when…
We have already seen at least one major upside surprise in earnings season for the Q1-2009 period. But we have many major companies which are expected to report earnings this week that are market-movers…
A taxpayer gets a refund check under the new stimulus program and then spends most of the money. That trend may help retail sales for the current quarter, but it will not help companies…
The latest 24/7 Wall St.–The Channel Checkers survey of Apple (AAPL) stores shows that the company is holding the line on pricing and this should help earnings. Over the past week, the survey checked Apple Stores…
Two things, which happened within hours of one another, will probably determine the value of bank stocks for the next several months. Optimism about bank earnings pushed up Citigroup(C) by 25% yesterday and Bank…
GM’s (GM) stock trades at $1.71, which is not even its 52-week low. Several news outlets have reported that the Treasury has asked the No.1 US car company to prepare for Chapter 11. The…
According to Reuters, Ebay’s (EBAY) shares are cheap by many measures but investors are avoiding the company, while Amazon’s (AMZN) are so expensive that investors are concerned. Reuters reports that the SEC will examine…
Markets in Asia were narrowly mixed. The Nikkei fell .9% to 8,843. The Hang Seng moved up 3.1% to 15,382. The Shanghai Composite rose .5% to 2,527. In Europe, at the open, the FTSE…
Maybe the recovery of the major banks and investment houses is not a mirage. Maybe it is the real deal. Goldman Sachs (GS) reported net revenues of $9.43 billion and net earnings of $1.81…
Critics have started to come out of the wall and say that Wells Fargo’s (WFC) earnings are not as good as they seemed at first blush. The most stunning comments come from KBW Inc.’s…
Melco Crown Entertainment Limited (NASDAQ: MPEL) has just filed with the SEC to raise up to $400 million in cash. This is via a sale of ADS’s and underwriters were not named. These terms…
How long has the U.S. been at odds with Cuba? For many of us, the answer is “Our entire lifetime.” And now things may start be finally on track to be turning. A headline…
Barron’s reports that there are rumors that Take-Two (TTWO) may receive a takeover offer soon. It turned down an offer from Electronic Arts (ERTS) last year. The shares are up 12% to $9.43. The stock…
For reasons that seem inexplicable, Gannett (GCI) shares rocketed up in midday trading to $4.62, a 23% increase. The company has not released any news. Ariel Capital recently increased its stake in the company…
The retailer stubbornly clings to luxury while everyone else cuts prices. By Caitlin McDevitt of The Big Money To the dismay of the Abercrombie & Fitch empire, teenagers whose parents have cut back on…
There has been a never-ending battle between rapidly changing energy prices and the effect on margins at refineries. Since the beginning of the year, the best-performing crude oil refiner has been Western Refining Inc.…