Meredith Whitney is and was one of the most influential banking analysts on Wall Street. She was negative on the banking and investment banking sector for roughly two years and has been credited as…
The sorry news just keeps rolling in from solar companies. This morning Canadian Solar Inc. (NASDAQ: CSIQ) reported an EPS loss of $-1.42, way below analysts expectations of a loss of -$0.31. In the…
Plains All American Pipeline, L.P. (NYSE: PAA) announced an offering to sell approximately 5 million common units at an offering price of $36.90/unit. Joint book-runners include UBS, Citi, JP Morgan, Merrill Lynch & Co.,…
Natural gas prices to some consumers in Massachusetts could fall 70% this summer. NSTAR (NYSE: NST) has filed a proposal with the Massachusetts public utilities regulator to reduce its summer rates from last summer’s…
When China’s government-owned aluminum company Chinalco agreed to pay $19.5 billion for an additional 9% of Rio Tinto plc (NYSE:RTP), the deal already faced a couple of problems. The biggest was the Australian government’s…
Wynn Resorts, Limited (Nasdaq: WYNN) has priced a public secondary offering 9,600,000 shares, down from the 7 million shares originally planned. The secondary offering was priced at $19.00 per share. Wynn Resorts intends to…
Cisco Systems, Inc. (NASDAQ: CSCO) is trading up 2% at $15.78 in active pre-market trading this morning. It seems that Goldman Sachs decided it likes this new unified computing system push announced yesterday. Goldman…
If there is one phrase that a company does not want to see in its annual report, it is “GOING CONCERN.” This hinges on a company’s ability to operate financially as a viable business. …
Meredith Whitney is appearing as a guest host on Squawk Box this morning and below are some of Meredith’s thoughts on the banks and credit markets. We need solutions now and worry about regulatory…
We just got the Labor Department data on producer prices as a measurement of wholesale inflation. PPI came +0.1% on the nominal PPI and +0.2% on the core PPI reading of an ex-food and…
As you will see below, there are many new calls in the banking and brokerage sector this Tuesday morning: Morgan Stanley (NYSE: MS), Goldman Sachs (NYSE: GS) Started as Outperform at Oppenheimer. Bank of…
These are some of the broad upgrades and positive research calls from Wall Street analysts that we have seen this Tuesday morning: ABB (ABB) Raised to Buy at Deutsche Bank. Barrick Gold (ABX) Raised…
Hand it to Dell (DELL), probably the worst run of the large global PC companies to have bad timing. It is launching a new line of expensive, high performance laptops. The new products will…
Intel (INTC) has been trying to get rid of its smaller competitor, AMD (AMD), for years. It may have even gone too far according to antitrust regulators in Europe. But, now Intel has a…
Starbucks (SBUX) seems hell bent on cutting its way to profitability. It may work, but it is also possible that the economy has gone through such an upheaval that the coffee chain no longer…
The Administration appears to be ready to give GM (GM) and Chrysler more money. According to The Detroit Free Press, the car companies are about to get further aid in the form of more government…
Over the past week 24/7 Wall St. has picked several stocks from major sectors that are likely to double off of their lows. This group focuses on the transportation sector with the picks being…
It looks like “All Fools Day” will come early on Wall St. this year. Several banks are going to try to raise the base salaries of key employees to dodge the federal government’s mandate…
Now that final numbers from 2008 have been filed for most large US companies, 24/7 Wall St. is picking several stocks that are likely to double off of their lows, almost all of which…
According to Reuters, Obama faces backlash due to AIG (AIG) compensation issues which could set bank his efforts to salvage the financial system. Reuters reports that Lehman will put two of its banking units…