Goldman Sachs (GS) has raised $10 billion to start a new hedge fund. According to Bloomberg: "Goldman Sachs Investment Partners, set to open Jan. 1, is being run by traders who previously worked on…
So far shares of Best Buy (NYSE:BBY) have managed to escape the retail woes seen at many specialty retailers. It does after all have a huge selection of PC’s, smartphones, iPods, video games, LCD…
This week 247WallSt.com is featuring many stocks of active small cap stocks and mostly of larger mid-cap or outright large cap stocks that we feel are still viable turnaround candidates. This list will not…
Rite Aid (NYSE:RAD) is a turnaround story that frankly has never ceased being a turnaround story. Can you remember the mid to late 1990’s stock trading? One great stock in the drug store arena…
Eastman Kodak (NYSE:EK) is about as unexciting as it gets, and its long-term turnaround plan has been met with the same excitement. How many times can one company stay on a long and slow…
Any investor who held Starbucks (SBUX) shares last November and still has them today has lost about half of his or her money. SBUX hit $40.01 on November 16, 2006. After a downgrade from…
Early this week we are running a list of stocks that have been in a turnaround plan, yet the stocks and the businesses haven’t turned around. Could these be the stocks to watch for…
Loews Corporation (NYSE:LTR) has approved a plan to spin off its entire ownership interest in Lorillard, Inc. to holders of its Carolina Group (NYSE: CG) stock and Loews common stock in a tax free…
National Oilwell Varco, Inc. (NYSE:NOV) and Grant Prideco, Inc. (NYSE:GRP) have announced today that they have entered into a definitive merger agreement where National Oilwell Varco will acquire all of the outstanding shares of…
Below is a highlight of the top pre-market news affecting individual stocks: Acacia Research (ACTG) entered into a retroactive license agreement with Polo Ralph Lauren. Amtech Systems (ASYS) announced receipt of $8.9 million in…
These are not the only analyst calls moving stocks today in pre-market trading, but these are the top calls that 247WallSt.com is reviewing this morning: AMBAC Financial (ABK) raised to Outperform from Market Perform…
Most of the data lining up now say that a recession has either begun or will early in 2008. Alan Greenspan thinks the economy may be headed for stagflation. The credit markets may get…
Markets in Europe were down at 6.30 AM The FTSE was down 1.2% to 6,319. BHP Billiton (BHP) was off 2.6% to 1505. Vodafone (VOD) was off 1% to 181.4. The DAXX fell 1.3%…
Most manufacturing has gone out of the US. TVs, cars, steel. What is left? Boeing (BA) and a service and technology economy. Companies like McDonald’s (MCD) can’t export cooking hamburgers and staffing the register.…
"Stagflation" is a strange word. It sounds like a description of a bad bachelor party. Yet, it may be returning to the US economy with a vengeance. If corporate earnings do indeed slow and…
"Black Friday" was just a bad joke. Retail sales were good that day, but after a big pop, it has been downhill. Holiday spending dropped after that, and, in certain big specialty retailers, sales…
According to Reuters, the pace of holiday spending dropped off in late November and early December. Reuters writes that Ingersoll-Rand (IR) is buying Trane (TT) for $10.1 billion. Reuters writes that chip makers like…
Markets in Asia fell. The Nikkei was off 1.7% to 15,259. NEC (NIPNY) was down 3.5% to 504. Softbank was down 3.8% to 2,285. The Hang Seng fell 3.5% to 26,596. China Petroleum (SNP)…
It will probably be a cold winter in the Northern Hemisphere. It has certainly started that way. Recent indications are that consumer spending moved up sharply in November, and retail sales are somewhat better…
comScore today released data that shows households with incomes under $50,000 are not lifting their online spending much from the holiday season last year. Sales from this demographic group are up only 10%. For…