We didn’t include Royal Gold, Inc. (NASDAQ:RGLD) in yesterday’s look at mining stocks where we outlined scenarios which would make 2009 a great year or a lousy year for the sector’s key players. But…
Goldman Sachs is adding more sticks and branches on the blazing pyre for commodities bulls. The firm has cut many commodity price targets for 2009. While this is affecting the psyche of traders today,…
Earnings warnings are generally bad omens that rarely have a one quarter impact. But with many of these stocks already pricing in really bad scenarios. So when companies come in and say that revenues…
According to MarketWatch, "Treasury says ‘stands ready’ to help auto makers." "Treasury said auto aid would last until Congress acts." GM’s (GM) shares, which were down as much over 15% are rallying on the…
Following the failure of the auto bailout in the Senate, Deutsche Bank is downgrading a number of auto makers and auto supply makers to Sell, calling it an "End of an Era." Downgraded to…
Now that the Senate has blown any chances of saving the auto industry before its first session next year and facing claims by GM (GM) and Chrysler that they are out of money, Bush…
Bernie Madoff, the former non-executive Chairman of the NASDAQ (NASDAQ: NDAQ), has been arrested on an investor fraud case that has massive implications over trust and legitimacy on Wall Street. The good news is…
You would have to be named Dr. Pangloss to find good news this morning on the retail sector, but in that fashion there might be a little reprieve from the degree of the onslaught…
These are some of the top pre-market analyst upgrades and positive calls we are seeing this Friday morning: American Capital (ACAS) Raised to Market Perform at FBR. Andersons (ANDE) Raised to Buy at BB&T.…
These are some of the top pre-market analyst downgrades and negative calls we are seeing this Friday morning: American Axle (AXL) Cut to Sell at Deutsche Bank. American Express (AXP) Started as Sell at…
Most of the CEOs at banks and investment houses are losing their bonuses this year, so what not let every employee at the firms share their pain? Even if they did nothing to deserve…
The Nasdaq and NYSE have all sorts of rules about what a company has to have in terms of total shareholders, stock price, and balance sheet ratios to get listed. Both operations also have…
The Federal Reserve now has an asset base of more than $2 trillion. According to The Wall Street Journal, "Once recently announced programs to help consumer credit and mortgage markets are up and running,…
Hand it to Andrew Grove, the former CEO of Intel (INTC). He wrote a book about how paranoid he is and why that kept his company ahead of the competition. It turns out he…
With Republicans in the Senate thwarting an auto company bailout bill, GM (GM) has decided to play its trump card. It has hired bankruptcy counsel. According to The Wall Street Journal, "GM (GM) management…
According to Reuters, the auto bill died in the Senate and there will be no more action this year. Reuters reports that the Bank of America (BAC) will cut as many as 35,000 jobs,…
The death of the US car bailout bill hammered Asia stocks. The Nikkei fell 5.6% to 8,236. The Hang Seng was off 5.9% to 14,688. The Shanghai Composite fell 3.8% to 1,954. At the…
Anyone curious about the health of the financial services industry got a look this afternoon. Bank of America (BAC) will cut 35,000 jobs over the next three years. According to the company,"The reductions are…
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…