The Seven Safest Banks in America for 2013
ThinkstockThe U.S. banking sector is looking better in 2013 than it did in 2012, 2011 and so on. Balance sheets, credit metrics and underlying asset values continue to recover. Still, the recession was not…
All Work
Jon C. Ogg
Apollo SEC Filing: Moves from Being on Notice to Probation
ThinkstockApollo Group Inc. (NASDAQ: APOL) is showing some more negative news in the fields of online education and for-profit education. The company submitted and SEC filing on Monday showing that its University of Phoenix…
VIVUS Obesity Drug Sales Only About 60% of Expectations
ThinkstockVIVUS Inc. (NASDAQ: VVUS) reported a quarterly loss of $0.56 per share on Monday, but this was not an earnings story. VIVUS remains a developing story about its obesity drug Qsymia. Its revenue came…
New HP Tablet May Be Too Little, and Too Late to Matter
Hewlett-Packard Co. (NYSE: HPQ) wants back into the tablet market, an effort that the company previously jettisoned under prior misguided leadership. What is so different about this effort here is that the move is…
PIIGS KILLERS: Italy PM Vote Threatens Austerity, All Over Again
ThinkstockWhat happens when you put a vote out to the people about whether or not their benefits and public spending should be cut to appeal to international creditors? If you believe in game theory, chances…
Microbrewers and Craft Beer Makers Raising Millions and Millions of Dollars
ThinkstockIf you have read 24/7 Wall St. for a while, you know that we love to cover popular topics and the financial numbers behind them. This is from demographic trends, economic trends, tax issues or key issues…
Zynga and the Online Gambling Gold Rush
courtesy of ZyngaZynga Inc. (NASDAQ: ZNGA) has enjoyed one hefty and substantial bounce now that online gambling is being approved and expanded in Nevada. Perhaps that should say “legal online gambling.” The question is…
FDA Response Letter Takes over $100M from Dynavax Value
ThinkstockDynavax Technologies Corp. (NASDAQ: DVAX) was a small cap stock even before today’s news, but a complete response letter from U.S. Food and Drug Administration (FDA) has taken more than $120 million in shareholder…
Top Analyst Upgrades and Downgrades (ABAX, ATVI, AFFY, AKAM, AIG, ETN, GILD, HNZ, IP, OXY, OMG, OC, PAAS, SWY, TTWO, TEVA, TPH, VMW)
Jon OggThese are some of this Monday’s top analyst upgrades, downgrades and initiations seen from Wall St. research calls. Abaxis Inc. (NASDAQ: ABAX) cut to Underperform from Neutral. Activision Blizzard Inc. (NASDAQ: ATVI) reiterated Buy…
Deadly Dialysis Injection Recall Implodes Affymax
ThinkstockAnother big implosion is taking place in the world of biotech and biohealth. Affymax Inc. (NASDAQ: AFFY) and Takeda Pharmaceutical announced over the weekend that they are going to voluntarily recall all lots of…
The Best Dividend Hikes of the Week (KO, HFC, KMB, TXN, WMT, XRX)
This last week sure felt like a long week in the market, although it was only a four-day week. We saw several key dividend announcements from some great American companies. Some of the higher…
The Top 20 Must-Watch Earnings for the Week Ahead
Jon OggThe week ahead is going to have many key earnings reports. Retail is heavily represented, while technology and banking giants are non-existent. Some of these are stocks which can move big on earnings…
The Top Four Fresh IPOs Into Early 2013 (SCTY, YY, NCLH, WGP)
The market for initial public offerings in 2013 has been rather quiet considering how well the market has been doing since the start of the year. 24/7 Wall St. took a look at the…
PIIGS Watch: Italian PM Elections Matter, Could Rekindle Old Wildfires
ThinkstockThis weekend will bring the election of the next prime minister in Italy. Worrying about what is happening in Italy, Greece, Spain and the rest of the PIIGS feels “so-2012,” but anyone who cares…
Would a Breakup Save Abercrombie?
ThinkstockAbercrombie & Fitch Co. (NYSE: ANF) is far from doomed, although it is one of the biggest losers on Friday. It is also farther and farther away from its old days of being the…
Celsion Raises Much Needed Capital
ThinkstockCelsion Corp. (NASDAQ: CLSN) was one of the more recent biotech implosions we have monitored. The company’s situation looked dire, and still does on a static basis. Now comes news that the company is raising…
Analyst Says Sprint Trading Way Under Arbitrage Buyout Price (S, VZ, T, AAPL, PCS, CLWR, DISH)
courtesy of Sprint Corp.The ongoing merger (or majority stake) saga at Sprint Nextel Corp. (NYSE: S) may finally be coming to a close. The analysts at Argus feel confident that the Softbank/Sprint merger has…
Biotech and Bioheath Stocks Raising Capital, Secondary Offerings
ThinkstockIt is not unusual to see biotech and biohealth companies raise cash after good news. After all, these companies either need to raise lots of cash from the market to fund their research and developments…
Top Analyst Upgrades and Downgrades (ALU, MT, BBRY, BIP, BG, CAT, FSLR, GOV, HPQ, HD, ISRG, MCD, MDT, RFMD, S, TASR, TNK, PAY, VVUS, WEN, XRX, AGU, CF, MOS, POT, RNF)
Jon OggThese are some of this Friday’s top analyst upgrades, downgrades and initiations seen from Wall St. research calls. Alcatel-Lucent S.A. (NYSE: ALU) was given positive comments on its new CEO but the stock…
UBS Very Bullish on Home Depot and Lowe’s (HD, LOW, TOL)
ThinkstockThe homebuilding stocks were battered this week when luxury builder Toll Brothers Inc. (NYSE: TOL) released lower-than-expected earnings despite reporting revenues that were up 32% from last year. Does this mean that the homebuilding…