From Investment Intelligencer Recessions are not only hard to predict, they’re also sometimes hard to identify until after-the-fact. For example, as Dan Gross describes in this NYT piece, back 2000, very few economists saw…
This morning we have an IPO filing from Polypore International, Inc., which has indicated an NYSE listing under the "PPO" stock ticker. It lists $362.25 million as the amount to be raised, but this…
GM (GM) came out with good results today, vindicating its CEO Richard Wagoner. Investors are still waiting at Ford. Alan Mullaly joined as CEO early in September of last year. Within a few days,…
Charles Prince got $26 million for his performance as CEO of Citigroup (C). Over the course of the year, Citi’s stock did rise from $49 to $56. So far in 2007, Citi’s stock is…
This morning Vonage (VG-NYSE) has announced an Internet Telephone adaptor with a wireless router that is co-branded with Motorola (MOT-NYSE). This one may be the first product that can have some cross-over appeal to…
Home Depot’s stock is down about 7% since CEO Robert Nardellit left. The Dow is off less than 3% for the same period and Lowe’s is down about 1%. When Nardellit left BUDD BUGATCH,…
There is a new service for digital music called SLACKER that is taking aim at many music formats. They are treading right into the space of Apple’s (AAPL) iTunes, Microsoft’s (MSFT) Zune, Napster (NAPS),…
(ABMD) Abiomed plans to sell 5 million shares in secondary.(ARXT) Adams Respiratory Therapeutics’ NDA submission for prescription cough suppressant accepted by FDA.(ASTI) Ascent Solar Tech trading up 30% after Norsk Hydro bought 1.6 million…
AEOS raised to Positive at Susquehanna.AFFX raised to Outperform at Baird.AMED started as Buy at UBS.BKUNA raised to Hold at Stifel Nicolaus.BAK raised to Overweight at JPMorgan.CBOU started as Neutral at SunTrust Robinson Humphrey.CHKP…
GM needed to prove to Wall St. that its cost cuts were working. It did so in spades. The big auto company reported a fourth quarter profit of $950 million, after a loss of…
Holly Energy Partners (HEP) cut from Buy to Neutral. Time Warner Cable (TWC) started as Neutral; sets $1.10 EPS for this year and $1.50 EPS target for next year. Earnings estimates RAISED: Chaparral Steel…
Google’s (GOOG) market share in search may be so large that no one will ever pass it. The second and third place players, Yahoo! (YHOO) and Microsoft (MSFT) would certainly like to, but most…
Yahoo! Finance was the clear winner again in February with 13.6 million unique visitors and almost 600 million page views. That works out to 44 page views per unique visitor. That compares to 20…
Stocks: (BCS)(BP)(BT)(GSK)(PUK)(RTRSY)(UN)(VOD)(BAY)(DCX)(DB)(DT)(SAP)(SI)(ALU)(AXA)(FTE)(STM)(V) Markets in Europe were down sharply at 5.45 AM New York time. The FTSE is down 1.5% to 6,069. Barclays is down 3.1% to 684. BP is off 1.1% to 516. BT…
Qualcomm (QCOM) raised its forecasts for the next quarter and the stock was one of the few large caps that rose yesterday during the market sell-off. The company said that chip sales to handset…
Most money is running from the subprime market as fast as its can. Not so Goldman Sachs. The firm’s CFO indicated that the low-end home loan market may represent a huge investment opportunity as…
According to Reuters, the sharp drop in equity markets hit Asia with most markets down more than 2%. Reuters reports that the fall in mortgage stocks was lead by Accredited Mortgage (LEND) and New…
Stocks: (CAJ)(FUJ)(HIT)(HMC)(NIPNY)(NTT)(DCM)(SNE)(TM)(CHL)(CN)(CHU)(PCW)(HBC) Markets in Asia were off sharply. The Nikkei fell 2.9% to 16,677. Bridgestone fell 2.5% to 2305. Canon was off 2.7% to 6140. Fuji Film was was down 2.9% to 4619. Hitachi…
From Ticker Sense There have now been 12 days during this bull market where the S&P 500 declined by 2% or more. In the table below, we highlight that the average next day change…
By William Trent, CFA of Stock Market Beat Large Cap Watch List member Kroger Co. (KR) Reported Strong Fourth Quarter Results: The Kroger Co. today reported total sales increased 14.5% to $16.9 billion for…