Below are some of the key upgrades and downgrades from Wall Street analysts seen in the technology sectors this morning: Applied Micro (AMCC) raised estimates at Goldman Sachs. Citrix Systems (CTXS) raised estimates at…
We are full blown into earnings season now. These are not all of the stocks in the news, but this is a good portion of the news in individual stocks for traders to review…
The news that AT&T’s (T) consumer business was soft last quarter is old now. The company’s shares are up almost 3% on release of its fourth quarter numbers. On a pro forma basis, reflecting…
Lennar Corporation (NYSE: LEN) has posted its results and the initial loss reported is huge at -$7.92 per share. But the loss is from writedowns and charges of $7.50 per share (outlined below); so…
Ford (F) did not gain much ground during Q4. The company reported a 2007 fourth-quarter net loss of $1.30 per share, or $2.8 billion. This compares with a net loss of $2.98 per share,…
Amgen Inc. (NASDAQ: AMGN) has announced the results of its biomarker analysis in new data that will be presented on Saturday, January 26th at the 2008 American Society of Clinical Oncology Gastrointestinal Cancers Symposium. …
Markets in Europe were up sharply at 6.30 AM. The FTSE is up 4.7% to 5,854. BHP Billiton (BHP) is up 6.5% to 1352. BP (BP) is rising 5.9% to 533. The DAXX 5.8%…
Every time Motorola (MOT) posts a bad quarter, it seems that Nokia (NOK) posts a good one. Motorola is losing money in its core handset business. It sold only 40 million units in the…
People still take about how Hannibal crossed the Alps to attack the Romans in 218 BC. Years from now they will probably do the same about the big 600 point turnaround on Wall St.…
Senior officials of the US Treasury Department are sneaking around Davos trying to get the managers of big sovereign funds from Asia and the Middle East to sign a code of conduct. David McCormick,…
Ford (F) is considering cutting another 13,000 people. According to The Wall Street Journal, the company intends to make good on its promise to make money in North America, not matter what the cost.…
It reads like something out of a presidential campaign stump speech. In a talk given to company management and quoted by Reuters, Wal-Mart’s CEO Lee Scott said "We live in a time when people…
Years ago, in a fit of creativity, some journalist coined the term "rogue trader" to describe some manic soul who made a bunch of bad bets at a big bank and then hid the…
Asia markets were mixed. The Nikkei moved up 2.1% to 13,093. Canon rose 4.9% to 4550. Honda (HMC) rose 2% to 3070. The Hang Seng fell 2.3% to 23,539. China Life (LFC) fell 3.3%…
According to Reuters, Meg Whitman is stepping down as CEO of Ebay (EBAY). Reuters writes that GM (GM) said it would rather be a strong No.2 in the global market than a weak No.1.…
Annaly Capital Management, Inc. (NYSE: NLY) has set the price for its public offering of 51,000,000 shares of common stock at $19.25 per share. All of the shares are being offered by Annaly rather…
We have covered some of the earnings movers in after-hours already, but with earnings season now running full-tilt there are many other stocks that are gapping up. Here are some of the more active…
On tonight’s MAD MONEY on CNBC, Jim Cramer said emphatically that the huge drop today followed by the monster rally in the same day is a classic bottoming pattern, although he thinks that the…
Netflix, Inc. (NASDAQ: NFLX) has released its earnings and issued guidance and some core metrics to how how its business is doing. The company posted $0.24 per diluted share on a GAAP basis on…
Watch for a big run-up in Ambac (NYSE: ABK) and MBIA (NYSE: MBI) tomorrow. These stocks had major run-ups today in the last 90 minutes of trading as word of this began coming out,…