Pali Research slapped a dreaded Sell rating on Baidu.com (BIDU), saying short-to-mid-term uncertainties are much bigger than opportunities. The firm set a $90 price target on Baidu.com, which is 21% below Friday’s close of…
Manufacturing in the NY FED district appears to be running at near-record lows. The Federal Reserve Bank of New York’s Empire Manufacturing Index is still a fairly new index, but activity fell again down…
One year. $2 trillion gone. According to Reuters, "Homes in the United States have lost trillions of dollars in value during 2008, with nearly 11.7 million American households now owing more on their mortgage…
Jet fuel prices dropped in November as did passenger traffic. Just this last summer, people were flying but the cost of fuel was pushing big carriers toward bankruptcy. Fuel prices were such an issue…
These are the top pre-market upgrades and positive analyst calls we have seen from Wall Street this Monday morning: Altria (NYSE: MO) Raised to Overweight at JPMorgan. Best Buy (NYSE: BBY) Raised to Buy…
These are some of the top pre-market analyst downgrades or negative calls on Wall Street we have seen this Monday morning: Alcatel-Lucent (NYSE: ALU) Cut to Underperform at Jefferies. AU Optronics (NYSE: AUO) Cut…
Siemens (SI) will pay the US an $800 million fine to settle a bribery case. That may not seem like a lot side-by-side with the Paulson plan, but if the federal government can start…
OPEC wants to see oil prices higher, much higher. Some of its member nations are running huge national deficits now that the price of crude has gone from $147 last summer to under $50.…
Google (GOOG) pretty much gets to do what it wants to do. That is a little less true now that its earnings are slowing and its stock price is down. But, it is still…
The Nikkei was up yesterday and it now up close to 10% over the last 90 days. That makes no sense given that the Japanese quarterly Tankan survey showed business confidence at its lowest…
According to Reuters, there may be another bubble in commodities prices. Reuters reports that the recession is hurting Japan’s economic sentiment and China’s industrial output. Reuters writes that Bush said the auto bailout is…
Markets in Asia rose. The Nikkei was up 5.2% to 8,665. The Hang Seng rose 1.9% to 15,038. The Shanghai Composite was up .5% to 1,964. In Europe, the FTSE was up .9% to…
The airline industry rule about Chapter 11 is to file whenever necessary and file early while there is still cash on the balance sheet. GM (GM) and Chrysler may be learning the hard way…
One piece of data does not a trend make. The University of Michigan Consumer Sentiment Poll shows a little uptick last week. But, coming in the holidays, people’s spirits many be brightening. Come the…
Toyota (TM) has been poised to become the preeminent global car company for sometime. Its worldwide production passed GM’s (GM) in the first half of the year. It is well ahead of US rivals…
Xl Cap (XL) Credit Suisse cuts price target. Shares drop to $2.65 from 52-week high of $54. PerkinElmer (PKI) Concerns about declining tech spending. Falls to $13.10 from 52-week high of $29.95. Union Pacific…
Boyd Gaming Corporation (NYSE: BYD) has filed with the SEC to raise up to $750 million in cash via securities sales. The company can sell any combination of common stock, preferred Stock, Debt Securities,…
It was not that long ago when traders and investors were making a fortune investing in the new endless growth instrument: blazing hot solar stocks. If you have followed this sector, you have seen…
If you have been following the land of low-priced stocks that are active in trading volume for long, you will find many groups of traders who have been betting on the success or death…
General Motors (NYSE: GM) is finally taking a step in the obvious direction. The company is now apparently cutting about 250,000 units of production in the first quarter. This will be accomplished via temporary…