thinkstockThe 30-Year Treasury’s long bond auction generated $16 billion in long-term debt today. The 2.75% coupon bonds will mature on November 15, 2042 and this sale was actually $16.564 billion on a non-competitive basis…
ThinkstockThe U.S. Postal Service is calling for big gains in holiday shipments this year. You know of course that online shopping is a part of the driving force behind this prediction. This is a…
courtesy of AppleApple Inc. (NASDAQ: AAPL) is trading as though it is a broken stock. Shares are down almost another 2% more as investors are assessing many issues. Locking in gains at 15% after…
ThinkstockApparently many executives decided to sell shares right before the presidential election. This is not an assumption that anything is wrong in the companies because insiders can sell shares for a myriad of reasons.…
ThinkstockThe bank sector suddenly finds itself in a state of flux, and as Yogi Berra might say, “It’s like deja vu all over again.” On the trading day after the presidential election, banks were not very…
ThinkstockThe U.S. Trade Balance, aka the deficit, managed to come in much more narrow than expected in the month of September. A deficit of $41.5 billion is still wide, but it was well under…
ThinkstockThe ECB left is rates unchanged but we now have many of the comments from Mario Draghi on how the ECB is maintaining a watchful eye on things in Europe. Draghi expects that inflation…
ThinkstockThe U.S. Labor Department has reported its change in weekly jobless claims. Last week was of course skewed by Hurricane Sandy in the Northeast, and now that we have seen an unemployment report last…
We have many stocks moving this morning. 24/7 Wall St. has tracked moves in shares of the following: Concur Technologies Inc. (NASDAQ: CNQR), DUSA Pharmaceuticals Inc. (NASDAQ: DUSA), Genomic Health Inc. (NASDAQ: GHDX), GNC Holdings Inc.…
These are some of the top analyst upgrades, downgrades and initiations seen in Wall St. research calls this Thursday. Autodesk Inc. (NASDAQ: ADSK) cut to Hold at Jefferies. Bank of America Corp. (NYSE: BAC)…
thinkstockThe European Central Bank has decided to leave interest rates unchanged. This means that the refinance rate will remain at 0.75%. Today’s statement from the monetary policy decisions says: At today’s meeting the Governing…
We have many stocks moving in the after-hours trading session, and most of the moves are on earnings. 24/7 Wall St. has tracked moves in shares of the following: Concur Technologies Inc. (NASDAQ: CNQR)…
ThinkstockCalifornia real estate is back! That is what the newest data from the National Association of Realtors is signaling for the third quarter of 2012. The Western regional sales were the biggest driver of…
ThinkstockHousing prices are still on the rise in the U.S., according to the National Association of Realtors. Its Single Family report for the third quarter of 2012 showed a 7.6% gain in the median…
ThinkstockConsumer credit rose in the month of September, albeit at a slower rate. The Federal Reserve showed an increase of some $11.36 billion versus August to $2.737 trillion. The increase was put at an…
Wikimedia CommonsBoeing Co. (NYSE: BA) did pretty much what we expect other aerospace and defense companies to do. The company waited for the outcome of the presidential election, and now it is outlining how…
courtesy of AppleApple Inc. (NASDAQ: AAPL) is now firmly in bear market territory. The stock is down over 3.5% at $559.50 or so after the election and after overseas comments about Europe weakening. With…
ThinkstockThe mortgage REIT sector’s issues are starting to surface. Annaly Capital Management Inc. (NYSE: NLY) is said to be one of the safest of the high-yield mortgage REIT sector, but its shares are not…
ThinkstockThe fear-trade after the election is driving gun stocks higher. The logic is simple, even if it is more than up for debate. Those favoring guns tend to buy up guns if they fear…
ThinkstockVirnetX Holding Corp (NYSEMKT: VHC) is showing just how great it can be to be a patent troll. Shares are surging on news that it has won a verdict against Apple Inc. (NASDAQ: AAPL) over…