Wachovia has initiated coverage of some alternative energy stocks this morning. There may be other calls so we’ll follow up with more later depending on the length and details. Here are the ones we…
These are some of the top DOWNGRADES we are seeing from Wall Street analysts this Thursday morning:Cox Radio (NYSE: CXR) Cut to Sell from Hold at Citigroup. Entercom (NYSE: ETM) Cut to Sell at…
These are some of the top UPGRADES we are seeing from Wall Street analysts this Thursday morning: Applied Materials (NASDAQ: AMAT) Started as Buy at Banc of America. BP plc (NYSE: BP) raised to…
Wal-Mart (WMT) officially has back its swagger. Same-store sales at the world’s largest retailer moved up 5.8% in June, well above industry estimates. For the period, revenue jumped almost 12% to $25.2 million, lead…
Rohm & Haas (NYSE: ROH) has agreed to be acquired by Dow Chemical (NYSE: DOW) in an $18.8 Billion dollar merger ($15.3 Billion in equity value). The terms to shareholders value the company at…
In another in a string of fairly useless announcement, Turner Broadcasting System and Yahoo! (YHOO) have entered a multi-year strategic alliance that will allow the two companies to collaborate on advertising and sports-related content.…
Dow Chemcial (DOW) will buy Rolm and Hass (ROH) for $78 a share or $18.8 billion. Reuters writes that Dow will make the purchase to broaden its product offerings in the paints, coatings and…
Toyota (TM) is planing to sharply cut its SUV and pick-up production in the US. It can see the writing on the wall as well as anyone. Don’t build what you cannot sell. But,…
The enemy of my friend is my enemy. Or, the enemy of my friend is my friend. Or, the enemy of my enemy is my enemy. Yahoo! (YHOO) is finding out that being friends…
Steve Jobs sees that smartphones, especially the Apple (AAPL) iPhone are the future of computing. Who needs a PC when a handset will do? To get to Mr. Jobs goals, Apple "will open its…
"Strong wind does not last all morning; strong rain does not continue all day"–Lao Tsu, Tai Te Ching China’s mighty export machine, the envy of the 21st century economic world, is starting to slow.…
According to Reuters, Robert Steel was named the new CEO of Wachovia (WB) and the bank said it would have a quarter loss of $2.6 to $2.8 billion. Reuters writes that the Blue Chip…
Markets in Asia were mixed The Nikkei rose .1% to 13,067. Sony (SNE) rose 1.2% to 4400. Toyota (TM) rose 1% to 4980. The Hang Seng fell .2% to 21,759. China Life (LFC) rose…
Wachovia (WB) named a former Treasury official as its CEO. Robert Steel most recently served as undersecretary for domestic finance for the U.S. Department of the Treasury according to Reuters. He has also been…
Freddie Mac (FRE) sells down 25% to $9.88 on concerns raising capital will wipe out shareholders. The company’s 52-week high is $67.20. Wachovia (WB) Panic selling in financial shares knocks this down to $14.28…
VeriSign inc. (NASDAQ: VRSN) has had more than a tough week. Shares are seeing a winning day so far as it was upgraded this morning over at R.W.Baird to an Outperform rating. While we…
The Apple (AAPL) iPhone may do more damage to RIM (RIMM) more quickly than most analysts think. According to Changewave’s most recent survey of 3,567 consumers, 55% of those who plan to get a…
Shaw Group Inc. (NYSE: SGR) is set to report earnings today after the close. We have First Call estimates as being $0.63 EPS on $1.89 Billion in revenues. Estimates for next quarter are $0.73…
The shares of Sun Microsystems (JAVA) have finally slipped into the briny deep. The stocked moved under $10. The last time JAVA was that low was in 2002. Back then it traded under the…
There have been light rumors floating around that Jerry Yang was going to resign from Yahoo! Inc. (NASDAQ: YHOO). We just put in a call to the company and this is a strong denial…