These are some of the top pre-market analyst upgrades and positive calls we have seen on Wall Street this Friday morning: Accuray (ARAY) Raised to Buy at Piper Jaffray. AstraZeneca (AZN) Raised to Buy…
One of the largely hidden signs of the progress of the recession is whether goods are being shipped from one city to another and from one country to another. What is not shipped is…
The auto industry and government have floated a few ideas to jumpstart car sales. Among these are subsidizing low cost car loans. Another is to pay car companies a piece of the purchase price…
The Administration is looking at a hybrid plan to save the nation’s banks. It world involve buying some toxic assets from the firms and putting them into a "bad bank." The value of other…
As the global recession hits the electronics industry, NEC has decided to fire 20,000 people worldwide. According to The Wall Street Journal, "Japanese electronics giant NEC Corp. says it plans to slash at least…
Over the last two years, in the PC business Michael Dell has been beaten like a rented mule. His company continues to lose market share particularly in the US. Industry analysts would say that…
There is a scene in the film classic "Casablanca" when Captain Renault, the head of the local police, finds out that there is gambling going on in the cafe owned by Humphrey Bogart’s character.…
According to Reuters, Republican may keep fighting Obama on the stimulus package. Reuters reports that Roche dropped its bid on Genentech (DNA) to $42 billion. Reuters writes that the Administration will release its plans…
Markets in Asia were mixed. The Nikkei fell 3.1% to 7,994. The Heng Seng rose 1.8% to 13,385. Shanghai was closed. At the open in Europe, the FTSE was down .1% to 4,188, The…
Jeff Bezos, the founder and CEO of Amazon (AMZN), looks a bit mad. Stick thin and without a hair on his head he is both bug-eyed and frenetic. He has the look of a…
It looks like we have more offerings coming to market, or at least more and more are being contemplated. Whiting Petroleum Corporation (NYSE: WLL) announced that its secondary offering for 8 million shares of…
Traders and investors alike look for defensive stocks with certainty of earnings in hard times like these. Tomorrow we will get earnings from Procter & Gamble Co. (NYSE: PG), and the consumer products giant…
Geron Corporation (NASDAQ: GERN) had a filing to sell shares that hit after teh close today. Normally this would be a cause for concern since it had a huge run recently. But this turns…
Broadcom Corp. (NASDAQ: BRCM) has posted earnings, which may not be shocking if you have read the reports from its peers. There was a net loss of -$0.32 on items including impairments, but we…
Amazon.com Inc. (NASDAQ: AMZN) posted earnings after already saying that this holiday season was a record. Earnings for the Internet retailer were $0.52 EPS on $6.7 billion in revenue. Thomson Reuters (First Call) had…
Juniper Networks, Inc. (NASDAQ: JNPR) has posted earnings of $0.32 non-GAAP EPS on $923.5 million in revenue. If anyone was going to be paying attention to Juniper’s numbers, it is management of Cisco Systems,…
Textron (TXT) Weak earnings outlook. Drops to $8.83 from 52-week high of $65.52. Eastman Kodak (EK) Poor earnings and layoffs. Down to $5.01 from 52-week high of $20.91. Black & Decker (BDK) Cuts jobs.…
Continuing jobless claims rose by 159,000 in the week ended Jan. 17 to a seasonally adjusted 4.78 million, the most since the government’s records began in 1967. The number of unemployed people in the…
You do not see too many upgrades in corporate credit ratings during this part of the business cycle, let alone in technology and software. But Red Hat, Inc. (NYSE: RHT) was just raised by…
For those who have felt that this earnings season was one of the more dismal moments for technology, today should mostly mark the end for the semiconductor companies and related stocks. Not entirely, but…