These are some of the top pre-market analyst upgrades and positive calls which we have seen early this Wednesday morning: Abiomed (ABMD) Raised to Buy at UBS. ASML (ASML) Raised to Buy at ING.…
DryShips Inc. (NASDAQ: DRYS) posted $0.43 EPS and a 6.6% year over year decline in revenues to $217.9 million. First Call had estimates at $0.66 EPS and $209.6 million in revenues as the consensus…
A troubling wrinkle about how the Treasury’s plan to buy toxic asset from banks could cause huge losses and the need for more capital comes from premier bank analyst Richard Bove at Richard Bove.…
Dell (DELL) keeps entering businesses where it might have an edge over competitors IBM (IBM) and HP (HPQ). So far, it has had little success in getting out in front of its larger rivals.…
As the number of people who are willing to drive to a store to pick up a movie dwindles, so does Blockbuster’s (BBI) chances of staying alive. Blockbuster has tried to remedy its problems…
During February, Japanese exports dropped almost 50%. For a nation with a $4.3 billion GDP, that figure is extraordinary. Exports to the US were down 58%. Japan has been a net exporter to the…
Tech stocks are supposed to go down less than the overall market and come back faster. That has been in the Broker 101 handbook for at least two decades. The reasoning is simple. Technology…
The transformation of Treasury Secretary Timothy Geithner will be remembered for its speed and unexpectedness. Just four weeks ago, on the heels of a failed presentation of the Administration’s plan to help shore up…
“Never underestimate the capacity of angry populism in times of economic stress,” – Robert Reich, The New York Times, March 15, 2009 The profligate investment practices of the financial sector not only caused the…
By Tim Catts for Daily Finance The recession has curbed demand for oil, pushing prices down sharply from their peak last summer. But without aggressive steps to improve energy efficiency, the world is “risking…
According to Reuters, Obama said that the recession would be halted by government efforts. Reuters reports that Treasury wants broad new powers to wind down troubled non-bank financial firms. Reuters reports that the latest…
Standard & Poor’s Ratings Services is putting Mr. Buffett on Watch. Berkshire Hathaway Inc. (NYSE: BRK-A) has had its ratings outlook revised to “Negative” from “Stable” along with Berkshire Hathaway Finance Corp., Berkshire Hathaway…
Jim Cramer’s featured list of stocks this week on CNBC’s MAD MONEY is on companies which have grown or will grow their dividends. Tonight, Cramer touted Proctor & Gamble Co. (NYSE: PG) with a…
Valor Computerized Systems Ltd. has filed to withdraw its IPO plans with the SEC. No terms had ever been finalized, but this IPO was said to be for as much as $80.5 million in…
Eastman Kodak Company (NYSE: EK) keeps shrinking operations. It doesn’t matter what the GDP numbers and unemployment numbers are. It isn’t even a recession at Eastman Kodak. It is a depression. The company keeps…
There are multiple stories today about a pending iPhone deal with China, aggregated from 24/7 Wall St. partner Apple Investor News: It started with a Macworld UK report that China Unicom had posted a…
Over the last few weeks, the newspaper industry has entered a new period of decline. The parent of the papers in Philadelphia declared bankruptcy as did the Journal Register chain. The Rocky Mountain News…
Investors and traders alike seem to be taking both sides of the trade ahead of the highly anticipated DryShips, Inc. (NASDAQ: DRYS) results. The shipper is expected to report earnings after the close and…
A bad-asset bailout that only private equity could love. By Mark Gimein of The Big Money One of the oddest quotes coming from a government official in the lead-up to today’s new toxic-asset plan…
If the rumor mill has any truth to it, then Allergan Inc. (NYSE: GSK) may by the next biotech takeover target. There is roughly $150 billion in new equity investor capital that can be…