When most people think of Jos. A Bank Clothiers Inc. (NASDAQ: JOSB), they think about conservative apparel for men’s suits, sports coats, slacks, and dressy-casual attire. It has been around for what seems forever…
Virtualization was supposed to be the next big thing in enterprise software. Virtualization allows one computer do the job of multiple computers by sharing the resources of a single machine .The software makes it…
Last night there was another amended filing for American Water Works, Inc. and its upcoming giant IPO. The giant water utility will still trade with the "AWK" ticker on the NYSE, and this may…
Goldman Sachs has made some changes this morning in its coverage team that analyzes communications technology. For starters, the overall stance on the group has been changed down to a Neutral view from an…
We routinely look over major changes in short interest from period to period. While the more frequent twice-monthly reporting is conducted by exchanges, it sometimes gives a little insight into the psyche of traders…
American Express Co. (NYSE: AXP) and GE Money, part of General Electric (NYSE: GE), have announced that American Express will purchase Corporate Payment Services, GE’s commercial card and corporate purchasing business unit. This unit…
Constant Contact, Inc. (NASDAQ: CTCT) has filed a registration statement with the SEC to sell 4,390,800 shares of common stock. Almost all of the stock is being sold by insiders as 4,284,339 shares are…
These are not all of the calls we are seeing this morning, but these are the top calls that we are focusing on this Thursday morning in pre-market activity: Aruba Networks (NASDAQ: ARUN) Cut…
A day after taking down its earnings forecasts for Citigroup (C), JP Morgan (JPM), and Wachovia (WB), Oppenheimer has cut its first quarter numbers on Merrill Lynch (MER) and UBS (UBS). According to Reuters,…
Markets in Europe were higher at 7 AM New York time. The FTSE was trading up 1.1% to 5,725. Barclays (BCS) was up 3.2% to 459. HBOs was up 4.6% to 566.5. The DAXX…
AMD (AMD) has been bragging that it will introduce a new high-end chip for desk-top computers. It will make PCs run faster, especially for hungry video and gaming applications. The chip, Phenom, is about…
Yesterday’s news that Motorola (MOT) was breaking the business into two pieces sent the stock exactly nowhere. It has occurred to Wall St. that the company’s large handset division may be worth very little.…
Oracle’s (ORCL) earnings were excellent by any measure except, perhaps, the perverse yard-stick of Wall St. Revenue rose 21% and profits were up 30% To say in another way, margins improved sharply, one of…
Unlike theology and philosophy, there are no great truths in business, only petit verities. One of these is that breaking contracts to keep from losing money is OK. The banks which were to fund…
Short interest for number of tech stocks listed on Nasdaq rose on March 14 compared to figures from February . Shares short in Microsoft (MSFT) spiked up 7.4 million to 123.1 million. Short interest…
According to Reuters, Oppenheimer cut is earnings forecasts for Merrill Lynch (MER) and UBS (UBS) a day after cutting Citigroup (C) and Bank of America (BAC). Reuters reports that the Meriwether hedge fund is…
Markets in Asia were mixed but Shanghai fell sharply. The Nikkei fell .8% to 12,604. Honda (HMC) fell 2.5% to 2985. NTT (NTT) fell 2.5% to 433000. The Hang Seng was flat at 22,620.…
Google’s (NASDAQ: GOOG) number of "paid clicks", a key measurement of the company’s success, had very modest growth in February. Investors have been concerned about the data since it showed weakness in January. February…
Larry Ellison & Co., a.k.a. Oracle Corp. (NASDAQ: ORCL), is seeing shares hit rather hard in after-hours trading. Shares closed down 0.6% at $20.94, which was above that 200-day moving average we had cited.…
Quest Diagnostics Inc. (NYSE: DGX). Cost pressure strains on the health care sector hurting this stock. New low of $43.65 compared to a 52-week high of $58.63. Consolidated Edison Inc. (NYSE: ED). Poor reaction…