The market is treating Citigroup (C) as if it knows something about the bank’s near-term fortunes and that something is not good. Shares in the bank have been off 21% to $6.60. What is…
The FOMC Minutes from the late October 2008 meeting are out, and as you can imagine it is far more somber than any minutes in recent years. The worse thing is that the projections…
Steve Ballmer is presenting data today at the Microsoft (NASDAQ: MSFT) annual shareholder meeting. Ballmer has said that he essentially wants no part of a Yahoo! (NASDAQ: YHOO) merger. It said that those acquisition…
TheStreet.com’s (TSCM) share price is down far enough that the company’s management must be giving some consideration to taking Cramer & Co. private. At $3 a share, the stock is down from a 52-week…
Margin calls from corporate insiders to pay personal obligations are still coming, although last week’s pace into this week does not look as severe as in prior periods we have covered. We have seen…
Grand Canyon Education is apparently still coming public. But what is interesting is that the company has had to lower its price twice to get the deal done. The company has cut its initial…
BJ’s Wholesale Club Inc. (NYSE: BJ) appears to be one of the few standouts in retail right now. How many companies are in retail are beating already-raised guidance and still raising forecasts ahead? The…
If stock market sentiment is any indication of whether The Big Three will get federal bailout loans before they run into solvency problems, then the world looks terribly grim. GM (GM) made a new…
Enterprise Products Partners LP (NYSE:EPD), a pipeline master limited partnership, increased its credit facilities by $593 million yesterday. The company obtained a $375 million senior revolving credit facility and a $218 billion senior term…
Citigroup (C) is off almost 4% at the open after news that it has committed to acquire the remaining assets of the Citi-advised SIVs at their current fair value. That value is estimated to…
If Detroit doesn’t build cars, then there is little market for catalytic converters. And if there is a falling market for those pollution-control devices, there is a falling market for the platinum and palladium…
Before the market opened this morning, LDK Solar (NYSE:LDK) reported third quarter earnings. The company earned $88.4 million (diluted EPS of $0.77) on revenues of $541.8 million. Analysts were expecting EPS of $0.71 on…
This morning, Goldman Sachs has made two key technology changes to its Conviction Buy List. Research-in-Motion (NASDAQ: RIMM) was added to the praised list, and its price target is $68.00. Cisco Systems (NASDAQ: CSCO)…
E*TRADE FINANCIAL Corporation (NASDAQ: ETFC) has been hit much harder than other financial institutions and the last two weeks have been rather challenging for the company and its shareholders. This morning we are seeing…
This morning we got mixed news on the economy. The good news is that the prices you are paying for goods is not as bad as in prior months when energy was through the…
NVIDIA Corporation (NASDAQ: NVDA) and Cray Inc. (NASDAQ: CRAY) have announced the availability of NVIDIA Tesla C1060 GPU Computing processors in the new Cray CX1 line of supercomputers. The companies call this as with…
These are ten of the early bird analyst upgrades and downgrades we are seeing from Wall Street this Wednesday morning: Cogent Inc. (COGT) Raised to Overweight at JPMorgan. Pacific Sunwear (PSUN) Raised to Neutral…
Maybe Boeing (BA) should just stop selling airplanes and leave the market to Airbus. At least once a month, the US company says it will have to delay deliveries to customers. Not only does…
A car industry bailout may save GM (GM), Ford (F), and Chrysler for a few months, but it is likely to set a painful precedent for governments in Asia and Europe. If troubled American…
With Jerry Yang out as Yahoo! (YHOO) CEO, what most of the board and many large shareholders want is for the portal company to be sold to Microsoft (MSFT). It may be at half…