According to Reuters, a price battle among goods makers is beginning. Reuters reports that payments to AIG (AIG) employees is causing rage among people already concerned about the bailout. Reuters reports that Bernanke sees…
After days or pressure from Congress and the public, AIG (AIG) released data about which counterparties to it credit default swap portfolio got large chunks of money from the federal government bailout of the…
According to The Wall Street Journal, AIG (AIG) will pay $450 million in bonuses to people in the firm’s financial products group, where may of the insurance company’s losses originated. The paper says that…
Day traders, ETF investors, hedgers, swing traders, and more have been using the Direxion financial leveraged ETF’s as their go-to trades in the financial sector. Direxion Financial Bull 3X Shares (NYSE: FAS) is the…
Baker Hughes Inc. (NYSE: BHI) just released its weekly rig counts. Despite the fact that oil has recovered handily off its lows, it seems that oil rig operators still are not enthusiastic about operating…
IBM Corp. (NYSE: IBM) is expanding into the water business. One part of the effort is to develop a smart grid of sensors and software to help manage water systems. The other part of…
The CEO and Chairman of NRG Energy, Inc. (NYSE:NRG) have sent a letter to stockholders pointing out the weaknesses in the buyout offer from Exelon Corporation (NYSE:EXC). Earlier this month, Exelon announced that it…
Since Monday, when several news items (1. Citigroup (NYSE: C) said it would be profitable, 2. Fed Chairman Bernanke addressed mark-to-market issues, and 3. Barney Frank said he expects to see the uptick rule…
Research in Motion Ltd. (NASDAQ: RIMM) is not participating in this morning’s rally. This stock had a good week as shares closed yesterday at $41.46 after having traded under $36.00 on Monday. Research firm…
There appears to be an upside of the recession. The “International Trade” data, which is the US Trade Deficit, is shrinking. The report for January 2009 came in at -$36.03 billion. The consensus estimates…
American Apparel, Inc. (NYSE Alternext: APP) has confirmed reports of an outside private equity investment. The retail apparel player got $80 million with Lion Capital LLP. This should satisfy most of the concerns which…
These are the top analyst upgrades and positive research calls we have seen from Wall Street this Friday morning with about two hours until the market opens: Alcatel-Lucent (ALU) Raised to Outperform at Baird.…
Analysts who watch the interest rates that the US must pay on its debt should have felt a little shiver yesterday. The Chinese government, the largest holder of Treasuries, expressed some doubt about the turnaround of the American…
Wal-Mart Stores (NYSE: WMT) is indicated lower after Goldman Sachs removed the world’s largest retailer from the Conviction Buy List. Goldman still has a “Buy” rating on the stock. The concern that the firm…
There has been quite a lot of news on Berkshire Hathaway Inc. (NYSE: BRK-A) and Warren Buffett in the last 12 hours. Bond and credit ratings agency Fitch downgraded the conglomerate. Buffett also outlined…
It is an interesting theory, but it may not be plausible. Some analysts think that GE (GE) will use a downgrade of its debt by S&P as cover for reducing forecasts for earnings out…
European nations are sick of spending money to stimulate the economy. Or, more likely, they are running out of access to capital and simply don’t want to admit it. At the G20 summit, where…
OPEC wants to keep cutting production and enforce production cuts is has already made so that none of its members try to dodge the cartel’s limits to pick up a little extra cash. The…
America’s car companies are still operating on the premise that the new car market will recover in a year or two. It may not rebound from its current annual run-rate of 10 million light…
The market rally over the last few days based its activity on just a few events, but the press and investors have grabbed them and are holding on for dear life. The first trigger…