Most investors have never heard of DryShips (DRYS), and almost no one knows what the company does. Its market cap is only $325 million. The firm operates drybulk carriers and has a fleet of…
Bloomberg’s poll of economists shows that the experts think US GDP contracted 5.5% in the fourth quarter. A drop of that magnitude would be the greatest since 1982, a year when the recession took…
Amazon.com Inc. (NASDAQ: AMZN) is set to report earnings after the close of trading. Jeff Bezos and friends at the online retailing giant have already said that the Q4-2008 holiday season was a record…
More and more companies are either suspending or killing their share repurchases and stock buyback plans. Some are doing it to conserve cash in a much harder operating environment. But many companies have figured…
Dominion Resources Inc. (NYSE:D) reported fourth quarter and full year results this morning, and the news was mixed. For the quarter, EPS hit $0.60 on $348 million in income, compared with EPS of $0.52…
Exxon Mobil Corporation (NYSE:XOM) is set to report earnings tomorrow morning. With what has happened to the price of oil over the last 6 months, it is with some surprise that shares of many…
Murphy Oil Corp. (NYSE:MUR), like other oil companies has been hit hard by declining oil prices. Yesterday, the company posted EPS of $0.83 for the quarter, down from $1.07 EPS a year earlier. Analysts…
Video Display Corp (VIDE) may be sending a false signal on big volume. Read more. Sepracor (SEPR) is moving up sharply on substantial volume. Details. Qualcomm (QCOM) is getting hammered on poor guidance More.…
Pali Research downgrades News Corporation (NYSE: NWS) from buy to sell. Price target lowered to $5.50 from $12, citing lack of strategic direction from Rupert Murdoch. Pali analyst says, "While we have long viewed…
If you were hoping for more lighthearted or feel good numbers on the economic front, you might have to look elsewhere this morning. The weekly jobless claims data were awful again,and durable goods orders…
Someone needs to take advantage of the collapse in retail real estate values. The prices for many locations are too good to be true. Best Buy (BBY) says it may get into the business…
By John Tamny RealClearMarkets Last October, this column addressed the notion of trickle-down economics. The aforementioned concept has to do with the basic belief that the economic gains made by the rich accrue to…
These are some of the top pre-market analyst downgrades and cautious calls we are seeing this Thursday morning: Affymetrix (AFFX) Cut to Underweight at JPMorgan. Air Products (APD) Cut to Neutral at JPMorgan. American…
These are some of the top per-market analyst upgrades and positive calls we are seeing from Wall Street this Thursday morning: Best Buy (BBY) Raised to Overweight at Barclays. Chubb (CB) Raised to Buy…
Ford (F) says it does not need any TARP money. Its fourth quarter earnings have to make Wall St. and Congress question that. The No.2 US car company reported a fourth quarter net loss…
Watching the land grab for TARP money becomes more entertaining every day. Now Hertz (HTZ) and Avis (CAR) want money to buy Ford (F) and GM (GM) cars. The plan makes a perverse sort…
After months of false starts, OPEC claims it is ready to drop production far enough to pull more money out of the pockets of the oil-consuming nations. The cartel has been humiliated more than…
The US car market does not need more companies competing for a shrinking pie. Ideally, it should have less. Ford (F) may inadvertently be letting China into the American race for market share. But,…
When China’s Lazarus, Deng Xiaoping, finally became the absolute leader of the world’s most populated nation in 1978, the country began its evolution from being an evil empire to becoming America’s most prolific trading…
In reference to your article yesterday perhaps you could correct the point about Lord Levene who is the Chairman of Lloyds of London (insurance) and not Lloyds TSB which you seem to be mistaken…