Gildan Activewear (GIL) Warns next quarter will be weak. Drops to $7.76 from 52-week high of $42.74. Southwest Airlines (LUV) Airline traffic dropping, oil prices going up. Falls off to $7.13 from 52-week high…
According to several sources, the Republican members of the Senate have effectively killed the Detroit bailout bill The New York Times reports that "The prospects of a $14 billion government rescue of the American…
Jamie Dimon, CEO & Chairman of JPMorgan Chase & Co. (NYSE: JPM), gave an exclusive interview today to Erin Burnett on CNBC He gave some interesting data on his outlook for what lies ahead…
Nortel Networks Corporation (NYSE: NT) is going to be back at the stock game again. The troubled Canadian telecom equipment provider announced today that it was notified today by New York Stock Exchange that…
UBS has a research report out for the banking sector, and the report may take away some thunder from those who are hoping that banks will return to profits sooner rather than later. This…
Based on GM’s last quarterly financial statement, the car company had $28 billion in payables. Most of those were to suppliers. If the firm is trying to hold onto its cash, that figure could…
In our preview of energy stocks for 2009 we were able to come up with a company that might actually provide a decent return to investors. Looking at some of the major mining stocks,…
Amylin Pharmaceuticals, Inc., (NASDAQ: AMLN) has been a battered biotech lately. But shares have just now gotten back above the single-digit threshold and are up more than 80% from recent lows. This morning Amylin…
Energy company asset sales have become just about the only news in the energy business. No mergers, no acquisitions, no bankruptcies, just sales. Companies are trying to position themselves and their portfolio of assets…
In an announcement late yesterday, JA Solar Holdings (NASDAQ:JASO) cut its revenue estimate for the fourth quarter to $124 million, down from a range of $191.5-$220.9 billion. The company did not change its guidance…
The new data for weekly jobless claims is still showing many pink slips are coming. The Labor Department said that new claims reached a 26-year high of 573,000. That is 58,000 above the revised…
Lululemon Athletica Inc. (NASDAQ: LULU) managed to beat earnings estimates this morning, but the guidance leaves little to be desired. The yoga-wear company reported profit of $0.13 per share and posted a 34% annual…
by John Tamny RealClearMarkets Back in the early days of this decade when executive malfeasance was the scandal du jour, there was a rush among many CEOs to support Sarbanes-Oxley, a bill that would…
Procter & Gamble Co. (NYSE: PG) was supposed to be about as immune to a recession as any company could be. It is in the category behind food and water and a few others. …
According to Reuters, The "nasty" U.S. recession will tighten its grip next year as unemployment rises and weak home and stock prices imperil consumers, finance firms and debt-laden businesses, a UCLA Anderson Forecast report…
These are some of the early bird analyst calls we are seeing from Wall Street analysts this Thursday morning: Ball Corporation (NYSE: BLL) Raised to Buy at Citigroup. Onyx Pharmaceuticals (NASDAQ: ONXX) Raised to…
Wal-Mart (WMT) reported strong same-store numbers for its most recently reported period. New data from MasterCard (MA) indicates that almost every other retailer in the country was bloodied during the early part of November.…
With ‘the Governator’ saying California is on the verge of financial Armageddon, there is concern about billions of investor dollars in municipal bond funds. This raises many questions about that sustainability of municipal bonds…
China used to be heated by wood and coal fires. It looks like those days are coming back Reuters says that China oil imports hit their lowest level this year. The news is more…
Muscle man Arnold Schwarzenegger has told the California legislature that the state is out of money. California’s budget deficit is up $3.6 billion since the last estimate early this year. The deficit is now…