The Blackstone Group (NYSE:BX) this morning announced that it has closed upon the Blackstone Credit Liquidity Partners L.P. and has secured capital commitments of more than $1.3 Billion. If you look at the news…
There were several different analyst calls today in the alternative energy sector. There is new buy coverage out of UBS in some of the more active solar stocks. Alternative Energy Analyst Calls:American Superconductor (AMSC)…
In a coverage swap this morning, Goldman Sachs has made a change to its closely followed CONVICTION BUY LIST. Goldman is adding InterContinental Exchange, Inc. (NYSE:ICE) and removing the Chicago Mercantile Exchange (NYSE:CME). The…
This morning we saw the release of the Producer Price index, or wholesale inflation. Inflation is the key word today. The headline PPI number for November came in at +3.2%. The core-PPI after you…
According to Hitwise, online shoppers can’t get enough of the Nintendo Wii. The research firms writes "U.S. searches for the Wii have increased 274 percent this past week compared to the previous week." Nintendo…
Savient Pharmaceuticals Inc. (NASDAQ: SVNT) is seeing its shares surging in pre-market trading. The company showed statistically significant positive results for the Puricase Phase III study in treatment-failure of gout patients. Puricase’s 8mg dosage…
Lehman Brothers (NYSE: LEH) is posting net income of $886 million. On a earnings per share basis it posted $1.54 EPS versus $1.42 EPS estimates and revenues were $4.4 versus $4.25 Billion estimates. What…
According to numbers provided by Countrywide (CFC) Mortgage loan fundings for the month of November 2007 totaled $23 billion, a 40 percent decline from November 2006. Average daily mortgage loan application activity for November…
There are many other analyst calls today, but these are the main calls we are looking at this morning: Biogen Idec (BIIB) raised from Underperform to Neutral at Credit Suisse. BMC Software (BMC) raised…
CostCo’s (COST) shares are down 5% in the pre-market after it turned in what appeared to be good numbers. No good enough. Net sales for the first quarter of fiscal 2008 increased 12% to…
Based on November online audience numbers from comScore, Yahoo! Finance (YHOO) is losing the huge lead that it once had over MSN Money (MSFT) and AOL Finance (TWX). In November 2006, Yahoo! Finance had…
No one is giving out figures on how well the new Fox Business channel is doing on cable. And, rival CNBC is not saying anything either. But, online Fox has made a very quick…
"Jackass" is a series of disgusting films based on an MTV show. The real live characters do things like drink the body fluids from animals. Or worse. The first two installments of "Jackass" were…
Qualcomm (QCOM) does not lose every legal battle it fights. It just seems that way. After set-backs in patent cases against rival Broadcom (BRCM), it has been in court with its largest customer, Nokia…
Markets in Europe were down sharply at 6 AM New York time. The FTSE fell 1.6% to 6,452. Barclays (BCS) was off 4.7% to 530. BHP Billiton (BHP) was off 3.1% to 1619. Prudential…
Word out yesterday was that Richard Fuld, CEO of Lehman (LEH), would make $35 million for his year’s work. Lehman stock is down over 20% this year. But, the company’s board probably decided that…
The first thing the price of oil did yesterday, when the Fed said it would do more to help the overall economy, was to move up 5% to $94. There were some data that…
According to Reuters, Paulson says that China is picking up the pace of the yuan rise. Reuters writesThe Asian Development Bank cut growth rates for countries in Asia including China Reuters reports that Novartis…
Markets in Asia fell sharply. The Nikkei was off 2.5% to 15,537. Mitsubishi UFJ Financial was down 7.9% to 1128. Nomura was off 4.3% to 1919. Yahoo Japan was off 4.9% to 50600. The…
Not many stocks are likely to double. Even well-run companies like Cisco Systems (NASDAQ:CSCO) are not likely to move 2x even with great results. The market caps are already too large and the law…