Anyone looking at the stock market over the last week would assume that the global recession is over, the liquidity crisis which has ruined the banking system has been addressed, and consumers are suddenly…
The "Whos" down in "Whoville" has better watch themselves. The Grinch will steal Christmas. But, unlike the ending of the Dr. Seuss book, it won’t be given back to them at the last minute.…
According to Reuters, Obama won the race for US president Reuters reports that stock index futures were steady after the Obama win.
Markets rose sharply in Asis. The Nikkei was up 4.5% to 9,521.Mitsubishi Corp gained as oil rose. The Hang Seng moved up 3.9% to 14,943. The Shanghai Composite was up 3.2% to 1,761. The…
The verdict is in, and change has arrived. Barack Obama has defeated John McCain in the 2008 Presidential election. We at 24/7 Wall St. have done everything we could to not show any political…
Standard & Poor’s debt ratings group is raising a red flag which could cause some added skepticism over the Apollo-backed Hexion Specialty Chemicals’ acquisition of Huntsman Corp. (NYSE: HUN). S&P has lowered the credit…
Durect Corporation (NASDAQ: DRRX) has just filed for a shelf registration to sell up to $75,000,000.00 worth of securities. This shelf will allow the company to sell any combination of common stock, preferred stock,…
Blue Nile, Inc. (NASDAQ: NILE) has posted its quarterly earnings, and it looks like the results are probably not as bad as many would have guessed. The leading online retailer of diamonds and fine…
Tenet Healthcare (THC) Misses numbers and forecasts. Down to $2.52 from 52-week high of $6.88. Herbalife (HLF) Bad outlook equals three-year low. Falls to $17.23 from 52-week high of $51.09. Health Net (HNT) Nice…
Depending upon where your local elections are held, it looks like we are the half-way mark for most voting poll times today. What has been a 19- or 20- month ordeal is about to…
Shares in Tenet Healthcare (THC) fell 33% today to $2.72, a 52-week low, down from the period high of $6.88. Why? Tenet’s adjusted loss of 6 cents per share was worse than the 3-cent…
Leave it to Chrysler to follow up one of the worst months in its history with a press release about its new gas-guzzling Challenger. Chrysler’s vehicles sales dropped 35% in October. The car company…
By John Tamny of RealClearMarkets The late Hall of Fame football coach Bill Walsh used to say that the quarterback’s footwork often told the tale of games. If Walsh lacked access to the scoreboard,…
Osiris Therapeutics (OSIR) started the day with a big surge. More details. Animal Health (AHII) may be one of the worst performing stocks today. Financial giant CIT (CIT) may have one of its best…
Thor Industries, Inc. (NYSE: THO) issued its preliminary sales and backlog guidance, and as the company sells RV’s you could have likely guessed that sales were down sharply. Thor said that for the quarter…
It is no secret that shipping stocks have been horrible performers of late. In fact, they have made the dismal performance seen at some trucking companies look like trucking was a blue chip sector. …
This morning’s earnings report from Archer-Daniels-Midland (NYSE:ADM) offers proof that if a company is going to be in the ethanol business, it had better have a fallback position. ADM blew past analysts’ estimates of…
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…