Citigroup has initiated coverage of the discount and online brokerage universe this morning. There is a mix of coverage in the call rather than a positive or negative for the whole group.: Charles Schwab…
The economy is so bad that most people live in a world where they shop at Wal-Mart (WMT) and eat at McDonald’s. Finding entertaining things to do has simply gotten too expensive. Nintendo has…
A new Reuters poll of economists does not offer much hope for an improvement in the nation’s financial condition. Many see unemployment topping 10%. The news service reports that “Median forecasts now assume gross…
Before Roche decided to try to buy the 44% of biotech company Genentech (DNA) that it did not already own the smaller firm traded at $75. Roche offered just over $86 a share. Genentech…
Shares of car parts supply retailer, AutoZone (AZO), are trading at a 52 week high at $158.00. The company has a market cap of $8.7 billion. GM’s market cap is only a little over…
Cable operator Comcast (CMCSA) claims it is now the No.3 phone company in the country. It follows two of the remaining parts of the old AT&T which was broken up in 1982. Verizon (VZ) and…
According to Reuters, Roche agreed to buy Genentech (DNA) for $46.8 billion. Reuters reports that the world economy is shrinking as the G20 meeting approaches. Reuters reports that US foreclosure filings were up last…
Steel Dynamics, Inc. (Nasdaq: STLD) gave updated guidance reading for its first quarter tonight. It is hard to get excited about the metals sector and Steel Dynamics in particular.
Wal-Mart (WMT) has outperformed the rest of the retail market for several months, due primarily to strong margins based on its buying power and it sability to offer relatively high-quality goods and services at…
eBay Inc. (NASDAQ: EBAY) rose in after-hours trading after the online auction offered bulish guidance out to 2011 at its analysts’ day. There are many caveats.
It has been a rough ride for the former high-flying and now road kill REIT sector. LEXINGTON REALTY TRUST (NYSE: LXP) has been far from immune from all of the carnage that hit Wall…
Maria Bartoromo just had a quick interview with oil baron T. Boone Pickens. This was after the announcement that AT&T Inc. (NYSE: T) said it plans to spend up to $350 million over five…
If you are in the financial watch community and not feeling well, you might not want to read the financial statement from Freddie Mac (NYSE: FRE). And it will rub off on Fannie Mae…
LDK Solar (LDK) Write-down and poor forecast. Drops to $4.01 from 52-week high of $52.40. Abbott Laboratories (ABT) No special news. Just drifting down. Falls to $44.51 from 52-week high of $59.95. Exelon Corp…
Pfizer Inc. (NYSE: PFE) just got its long-term ratings downgraded by Moody’s. It is amazing that bond ratings agencies still get to operate in a business as usual manner, but they do. Long gone…
Jamie Dimon, Chairman & CEO of JPMorgan Chase & Co. (NYSE: JPM), gave a powerful speech to the US Chamber in Washington D.C. today. Mr. Dimon spoke of many of the issues that got…
This week 24/7 Wall St. is picking several stocks from major sectors that are likely to double off of their lows we have recently seen. Today, let’s discuss the retail sector. We are also…
Over the last week, the 24/7 Wall St.–Channel Checkers Survey questioned 30 Target (TGT) stores about their sales trends. Based on the results, Target is doing better than most analysts had expected. Only 53%…
Share prices for gold miners and gold bullion mostly dropped yesterday as traders thought it was a good day to take on more risk. In London this morning, gold prices have jumped back above…
Citi maintains a ‘Buy’ rating on Transocean Inc (NYSE: RIG), adds to Top Picks Live list with a $98 price target, citing several positive trends in the offshore drilling including capacity constraints which are…