These are not all of the upgrades and positive analyst calls on Wall Street this morning, but these are the ones we are focusing on early this Tuesday morning: Annaly Capital (NLY) Raised to…
These are not all of the downgrades or negative analyst calls affecting stocks this Tuesday, but these are some of the highlights we have seen with over 2 and a half hours to the…
Circuit City (CC) sacked the CEO who ran the company for the past four years. Philip Schoonover held every important job at the retailer from chairman to CEO to president. He was ejected because…
The financial system is looking for a form of what theologians call "universal salvation". What began as a simple piece of legislation to get $700 billion into the banking industry by the government purchasing…
T. Boone Pickens can get out of the alternative energy business. Under new regulations, he is allowed to buy Citigroup (C) or Bank of America (BAC). The Fed has decided that banks are so…
Hope is a fine human emotion until it moves to lunacy. A psychosis of optimism has seized the retail industry. The National Retail Federation says that sales will rise only 2.2% this holiday season.…
According to Reuters, Wilbur Ross say the bailout package does not address the core of problem which is mortgage payments. Reuters writes that the National Retail Federation says that this will be the worst…
The titanic global recession and anxiety about the government’s failure to quickly fix the credit crisis pushed the price of oil up higher than it has been for months. High gas prices and slow…
3Com Corporation (NASDAQ: COMS) posted earnings of $0.11 non-GAAP EPS on revenue of $342.6 million. First Call estimates were $0.06 EPS on $337.12 million in revenue. While it had already raised guidance in early…
RTL Intl Metals (RTI) No news but drop in titanium demand due to Boeing (BA) strike could be culprit. Falls to $20.04 from 52-week high of $85.20. Angiotech Pharmaceuticals (ANPI) Cutting costs and having…
Oil is performing as though there were no sellers today. Recalling a single $20.00 move up in the price of oil in a single day is elusive, but a gain of $18.66 per barrel…
Many REITs are in trouble. That is becoming the understatement of the year. The REITs doing better in today’s environment are the ones whose projects are already built and those that were fully leased. …
Oil is trading sharply higher this morning, partly because of oil pipeline and delivery disruptions. Platts reported that crude oil flows through the BTC pipeline have dropped from about 800,000 b/d to 250,000-280,000 b/d.…
Henry Paulson’s bank bailout bill never had a chance of making it through Congress unencumbered. The only question was how may boat anchors the House and Senate would attach. The sinking of the proposal…
Morgan Stanley (MS) said what everyone already knows. It cut earnings estimates for Apple (AAPL) and several other hardware stocks. This holiday season will be a bitter one, even for those children who have…
3Com Corporation (NASDAQ: COMS) is one of the few tech stocks to report earnings after today’s close. The troubled maker of routing and communication equipment is expected to post $0.06 EPS on $337.12 million…
A good thing happens, but a bad thing happens. The current market works that way. All the arrows never point in the same direction. As word of the government’s bank bailout spread, crude oil…
With its stock down more than 90% from the highs it reached in 2003,Krispy Kreme Doughnuts (KKD) is looking for something to restorethe company to same-store sales growth and long-term profitability. The answer? Small…
Ciena Corporation (NASDAQ: CIEN) shares rose this morning after they had been cored to the bone. Despite its sector woes in telecom equipment and fiber optics, Barron’s called the stock a bargain this weekend…
Hewlett-Packard Co. (NYSE: HPQ) has decided to jump in on the stock buyback bandwagon. Its new share buyback program is for $8 billion in common stock. At current prices, this would represent over 165…