Tonight we are going to get the highly awaited VISA, Inc. initial public offering. This one has been on the books since November 2007 and we have previously noted that this was going to…
China Growth Alliance Ltd. is another a blank-check company or special purpose acquisition company (or SPAC) that has filed to come public via an initial public offering. It filed to sell up to $56…
The FOMC has made its rate cut, although not quite as much as Wall Street was talking up. Wall Street wanted a 100-basis point cut or 1 full point. We got a 3/4-3/4 cut…
Tuesday after the close, we’ll get to see earnings out of Adobe Systems Inc. (NASDAQ: ADBE). The estimates from First Call are $0.45 EPS on $875.8 million in revenues. Adobe frequently offers longer-term guidance…
GM (NYSE: GM) and Ford (NYSE: F) already trade near 52-week lows because of high gas costs and the rising prices of commodities for components used in cars. Now, JP Power is dropping its…
If you have been around the markets for a decade you’ll know the name Frank Quattrone quite well. Quattrone was one of the most influential investment bankers in the 1990’s who also became the…
If research firm NPD Group is to be believed, the Apple (NASDAQ: AAPL) Mac had 14% of PC sales in the US in February and 25% of the revenue share. According to Apple Insider…
It almost seems that no matter what happens, there are always some major companies whose shares just won’t recover when the broad market recovers. Sometimes it’s on news, and sometimes it is just because…
This morning we saw February Producer Prices come out with a gain of +0.3%, and that is after a +1% gain in January. The core rate on an ex-food and energy basis rose +0.5%. …
Yahoo! (NASDAQ: YHOO) has come out with a business plan which says the company is worth more than Micorosft (NASDAQ: MSFT) is offering. That is based, to some large extent, on how the company…
GameStop Corp. (NYSE: GME) has just posted its earnings with $1.14 diluted EPS on revenues of $2.8656 Billion. The estimates for the largest pure-play video game retailer from First Call were $1.12 EPS on…
Goldman Sachs (NYSE: GS) has just posted earnings, and while many metrics are lower than last year the results overall were well above estimates that had been lowered in a weakening environment. The company…
With Citigroup’s (NYSE: C) shares off from $55.55 to under $19 and concerns that it cannot weather another round of write-downs which may be coming for subprime paper, credit card debt, and troubled LBO…
Citigroup (NYSE:C) will probably looking be looking for merger partners now that its stock is down to under $19 from a 52-week high of $55.55. The first choice would probably be JP Morgan (JPM).…
Goldman Sachs issued its first of a 3-part conference call covering the Canadian market, and it noted that the stimulation outlook is improving. Its preference in the first of three notes is for oil…
Intel (NASDAQ: INTC) is not satisfied with its 75% to 80% share of the PC and server markets. It is about to launch a new, more powerful set of chips, presumably to take more…
Pharmacopeia (Nasdaq: PCOP) has announced that it will receive a milestone payment of $5 million from GlaxoSmithKline (NYSE: GSK), bringing the total received to over $16 million in connection with its ongoing development and…
Markets in Europe were up sharply at 7.30 AM New York time. The FTSE rose 2% to 5,523. Barclays (BCS) is up 3.4% to 406. British Airways was up 4.1% to 226.5. The DAXX…
Below are the top analyst upgrades and downgrades we are looking at this Tuesday morning: Altria Group (NYSE: MO) Started as Buy at UBS. Amazon.com (NASDAQ: AMZN) started as Buy at Canaccord Adams. Goldman…
The story is the same every decade or so. Bad economic times cause well-known businesses to fail. They are bought out and merged, and they simply cease to exist as the public and investors…