Before the market opened this morning W&T Offshore (NYSE:WTI) reported third quarter EPS of $1.03 on revenue of $290 million. Analysts had been expecting EPS of $0.82 on revenue of $276 million. Backing out…
The proposed merger between Cliffs Natural Resources (NYSE:CLF) and Alpha Natural Resources (NYSE:ANR) has run over more than a few bumps. Cliffs’ largest shareholder, Harbinger Capital, tried to acquire enough shares to block the…
FCStone Group, Inc. (NASDAQ: FCSX) is getting crushed after its update on liquidity, credit issues, and commodity volatility. The commodity risk management firm now expects to incur up to a $25 million pre-tax bad…
Autodesk, Inc. (NASDAQ: ADSK) came out this morning with an updated guidance, and you can guess that the guidance was lowered like it has been at so many other established technology and software firms. …
These are some the top pre-market upgrades from analysts we have seen with more than two hours until the market opens this Tuesday morning: AerCap (AER) Raised to Buy at Citigroup. Agrium (AGU) Raised…
These are some the top pre-market analyst downgrades we have seen with more than two hours until the open this Tuesday morning: Banco Santander (STD) Cut to Sell at UBS. Exxon Mobil (XOM) Cut…
Economist Nouriel Roubini has as dark a vision of the economy as any man with an IQ over 140. His latest prediction is that China will fall apart. Not much of a prediction given…
Intel’s (INTC) new Intel Core i7 chip is a miracle of modern science. It is much faster than all of the company’s older multi-core chips. And it uses less energy than some but not…
There is plenty of conventional wisdom about why the recession will not be helped or hindered by the results of the presidential and congressional elections. The first and foremost among these is that the…
John Dingell and other slippery congressmen and governors who get free meals and martinis from car company lobbyists went to the Federal Reserve and begged for $10 billion to help GM (GM) finance a…
According to Reuters, Australia cut key interest rates. Reuters reports that a large Goldman Sachs (GS) fund lost $1 billion in the first ten months of the year. Reuters writes that the Treasury is…
Markets in Asia were mixed. The Nikkei rose 6.3% to 9,115. Mitsubishi UFJ Financial. Nissan was down on a profit warning. The Hang Seng moved down 2% to 14.420. The Shanghai Composite dropped .8%…
Approximately half of the subscribers to Sirius (SIRI) satellite radio originally came though new car sales. That channel accounted for about 80% of sales last quarter. With US car sales down 30% last month,…
Once it became clear that The Department of Justice would take dim view of Google (GOOG) selling search advertising for Yahoo! (YHOO) under a 10-year partnership, it looked as though the proposed deal would…
Coldwater Creek Inc. (NASDAQ: CWTR) has issued an earnings warning after the close of trading. Its preliminary third quarter results show sales of approximately $225 million. But that is only the start of it. …
McKesson (MCK) Sales slowdown and downgrade. Drops to $35.81 from 52-week high of $68.43. Verasun Energy (VSE) Chapter 11. Sells down to $.20 from 52-week high of $17.75. Atricure (ATRC) Department of Justice probe.…
It was no secret that US auto sales were going to be down the drain. Frankly, it is hard to find many who really expect any sudden recovery. The election on Tuesday and lower…
GM’s (GM) stock can no longer be viewed as equity in the sense that it would be at most companies. It does trade on the NYSE, at an average volume of 28 million shares…
We have evaluated several options trades today which struck us as rather unusual and may be indicative of speculative bets. We have put links through to each full story over at VSInvestor.com where we…
There is another blockbuster gaming event this week on November 7: the release of "Gears of War 2 " The game published by Microsoft (NASDAQ: MSFT) Game Studio’s unit and developed by Epic Games…