These are the top downgrades or negative calls we have seen this Wednesday morning from Wall Street analysts: American Express (AXP) Started as Sell at Banc of America; Started as Sell at Citigroup. Axsys…
James Tobin won the Nobel prize for economics in 1969. By his measurement of the stock market, the S&P has a very long way to drop. Keep in mind that there are nuts everywhere…
If there has been one constant in the global economy since the beginning of the decade it is that China’s GDP and exports have kept moving up. There has been an almost endless demand…
No matter how far down bank stocks go and how hard regulators try to keep short sellers out of financial shares, some of the smart money is willing to gamble that the fortunes of…
Nortel Networks Corp. (NT), which until recently was Canada’s largest company, is has hired bankruptcy attorneys to advise it in the event that its restructuring plan fails, according to The Wall Street Journal. Odds…
Trying to guess how many homes will be lost to foreclosure over the next several years is a fool’s game. No one knows what will happen to employment. The role that the federal government…
The board that Congress appointed to take on the job of keeping track of how Henry Paulson was spending his bailout fund is about to make its first report. That may determine whether Treasury…
According to Reuters, the House will vote on the auto bailout as early as this week. Reuters writes that Rio Tinto (RTP) will cut 14,000 jobs. Reuters reports that AIG (AIG) owes other firms…
Electronic Arts Inc. (NASDAQ: ERTS) signaled about six weeks ago that the video game industry wasn’t recession-proof. It turns out that the company (and likely the sector) is not even as recession-resistant as many…
New data released by comScore shows that US internet users watched more than 15 billion videos last month. Almost 40% of those were watched on Google (GOOG) sites, most of them on YouTube. The…
OPEC ministers are indicating that when they meet later this month, they may cut production by two million barrels a day. That would be on top of a similar cut in September. Neither the…
Chrysler would like several billion dollars as a part of the initial car company bailout and says that it is close to bankruptcy. In an essay in Bloomberg, Jonathan Weil points out that the…
It is relatively easy to count the Russian czars. There were twenty-six from Ivan IV to Nicholas II. That does not count the grand princes that ruled before them, but it still puts Russia…
Energy stocks have taken a pounding since crude oil prices started falling in July. In virtually every part of the energy business, share prices for the premiere companies are off by as much as…
Broadcom Corporation (NASDAQ: BRCM) followed the path of other chip stocks and came out with lower guidance last night. This was on the heels of atrocious guidance from Texas Instruments (NYSE: TXN) and National…
Today 24/7 Wall St.named its annual CEO of the Year James A. Skinner of McDonald’s (MCD). He was picked from a field of ten executives which we profiled over the last ten days. Skinner…
Clayton Williams Energy (NASDAQ:CWEI) is a small-cap oil & gas E&P company that has seen its share price fall by more than 70% a 52-week high of $122.50 to close yesterday at $33.81. The…
Duncan Energy Partners L.P. (NYSE:DEP) announced yesterday that it had purchased limited partnership interests in several midstream assets belonging to Enterprise Products Partners L.P. (NYSE:EPD). These two companies have more in common than just…
It is no secret that the IPO market has gone to hell in a hand basket. How many deals have we had since summer in the U.S. and abroad? One real IPO came and…
Pali Research took the bold step of downgrading the Mouse House, The Walt Disney Company (DIS), to neutral saying the valuation gap with its large cap media peers cannot be ignored. Pali notes that…