This is one of the first rounds of the regional banks formally getting in line and formally receiving approval to participate in the $700 billion government TARP bailout package. Prior to this it had…
Verizon (VZ) is doing just fine, recession or no. Its earning moved up 31% in Q3. Whether it can keep that up is a matter of opinion but at least the phone company can…
These are ten of the top analyst upgrades and downgrades we have seen this Monday morning with about 2 hours to the the open: Everest Re (RE) to Outperform at Wachovia. Fortress Investment (FIG)…
Some investors have been so rattled by this market that they have taken their money and run. Even Treasuries are not safe enough. What if the US government defaults? Of course, Treasuries are a…
The "netbook: seemed like a remarkably stupid idea. It sits somewhere between small laptops and smartphones. It is not much good for anything beyond e-mail and web access. It looks like a cheap toy.…
Citigroup (C) is not going to make it, at least not an an independent company. The FT has reported that the head of Goldman Sachs (GS) called Citigroup CEO Vikram Pandit to discuss a…
According to Reuters, the Korean central bank made record rate cuts. Reuters reports that the G7 said the rising yen may be a threat to financial markets. Reuters writes that Hungary and the IMF…
Markets in Asia fell. The Nikkei dropped 6.4% to 7,163.Mitsubishi UFJ Financial fell on news it may need to raise money. Toyota (TM) also fell sharply. The Hang Seng fell 8.9% to 11,499. China…
Las Vegas odds are currently 10-to-1 in favor that the Federal Reserve will cut rates at its upcoming meeting. This was not going to happen. The Fed is never to act just before a…
Porsche is not a very big car company, but it has had some special rights to buy a significant amount of equity in the largest car company in Europe–VW. The VW management has not…
Too many mouths to feed. Someone will have to starve. Now that Henry Paulson has $700 billion and some discretion about how to spend it companies from car manufacturers to airlines want a piece.…
For the period ending October 15, short sellers got out of most banks and brokerage stocks. That is a shame for them. They could have made a killing this week. The short interest in…
Chimera Investment Corporation (NYSE: CIM) has raised cash via a secondary offering. The mortgage and fixed income investment vehicle, which we have referred to as the first public vulture fund set up to capitalize…
The New York Times is now running on fumes. S&P has downgraded the company’s debt to junk, and Moody’s is about to do the same. The stock has fallen to $10, and is being…
NCC (NCC) was bought today by PNC in what most people would view as a classic "takeunder" The price of the deal was well below where the shares traded yesterday. NCC’s stock is down…
The CBOE Volatility Index, or the VIX, has historically been used to measure extreme oversold levels. Unfortunately, history books are about as useful as slapstick and pulp fiction for traders and investors right now. …
The few winners out there on this ugly friday morning are few and far between, but here are some of the stocks that have managed to actually trade higher despite futures having traded limit…
Today is one ugly day for financial stocks, and probably one of the crummiest days so far that you could pick to announce a merger. Yet hold on to your seats. PNC Financial Services…
Tech stocks are far from immune in the selling. We put together a list of the major stocks trading sharply lower on active trading and we listed the previous 52-week lows to put this…
This is obviously one of our ugliest mornings in years with futures trading limit down. What is interesting is that the financial stocks are the most leveraged to this, yet oddly enough most stocks…