These are some of the top pre-market analyst upgrades from Wall Street this Monday morning with well over two hours until the open: Ameristar Casinos (ASCA) Raised to Overweight at JPMorgan. Barrick Gold (ABX)…
These are the top pre-market analyst downgrades we have seen very early this Monday morning with well over two hours until the open: Cognizant Technology (CTSH) Cut to Underperform at Wachovia. Infosys Technologies (INFY)…
Clearly feeling the need to debase themselves further after their role in the subprime mortgage mess, the two major credit agencies are signaling that they will hold their ratings on AIG (AIG) steady once…
Gold has traditionally served as a safe haven for investors in times of economic turmoil or as a store of value during inflationary periods. The Economist recently argued that now is the time to…
Last year, Toyota (TM) announced with pride that it had sold one million units of its Prius worldwide. The car is a hybrid and one of the most successful vehicle launches in the Japanese company’s history.…
HSBC (HBC) proved two things as it raised just over $17 billion to offset substantial losses. The first is that a money center bank can still raise capital, even in a tight credit market.…
On reading Warren Buffett’s much-anticipated letter to Berkshire Hathaway’s shareholders, one can’t avoid being struck by his faith in the ability of the American people to overcome adversity and to move the nation forward.…
Ever since the Joads left Oklahoma’s Dust Bowl in 1939 and set out for California, people have been flocking to the most populous state in the nation for what seems to have been a…
According to Reuters, AIG (AIG) will receive as much as $30 billion from the government in a deal which pieces of some of the insurance company will be owned by the Fed. Reuters reports…
Most Asia markets were pounded down. The Nikkei fell 3.8% to 7,280. The Hang Seng was off 3.7% to 12,232. The Shanghai Composite rose .5% to 2,093. At the open in Europe, the FTSE…
China has the same access to World Bank and IMF financial forecasts as any other nation. Now the the Internet has made nearly even document in the world accessible. The Communist central government can…
Falling home prices are starting to turn some economists into optimists about the housing market. Their reasoning is simple and compelling. The cost of the average home has come down so much that buyers…
Berkshire Hathaway Inc. (NYSE: BRK-A) has just released its 2008 annual report, along with the ever-important letter to shareholders from the Oracle of Omaha, Warren Buffett. Last year was Buffett’s toughest ever. We are…
We already noted what is happening to the General Electric Co. (NYSE: GE) dividend. The company’s plans to save $9 billion from the $0.31 dividend cut being taken down to $0.10 is much more…
Mosaic Co. (NYSE: MOS) was lost in the financial shuffle today. Perhaps it should not have been. The stock rose up 8.5% at $43.05 today on more than double the normal volume. Options were…
Apple Inc. (NASDAQ: AAPL) has taken an interesting action. It could be a completely harmless one, but in today’s climate it could raise some eyebrows. The company has changed auditors.
IberiaBank Corp. (NASDAQ: IBKC) is a small regional bank which we have hardly ever covered. But we wanted to take a chance to outline the community bank. This was not among the community banks…
Citigroup (C) Government will take a 36% share. Drops to $1.42 from 52-week high of $27.35. AMBAC Inc (ABK) Market hates it earnings. Drop to $.56 from 52-week high of $12.37. Synta Pharmaceuticals (SNTA)…
Unfortunately, the ratings agencies still have some who rely upon what they say. That is still the case when it comes to General Electric Co. (NYSE: GE) and its triple-A rating. Now that the…
General Electric Co. (NYSE: GE) is finally cutting its dividend. We predicted this, and it has finally come to pass. We said that a cut in half could save $5 billion per year, but…