Is LED Market Finally Getting Better?
Cree Inc. (NASDAQ: CREE) is a bit of a surprise. The LED company is gaining after earnings. After revenue rose 17% to $315.8 million, its earnings rose by 13% to $31.8 million or $0.27…
All Work
Jon C. Ogg
S&P Chart After the Big Debate
Stocks are trying to stage another rally. Is it the presidential debate, earnings season, higher revisions, or just a continuation of a bounce? Well, that is where the charts come into play because charts…
Top Analyst Upgrades and Downgrades (ADT, ADTN, APOL, C, CSCO, DISCA, EQR, INTC, IBM, IP, MAA, MUR, NWSA, PSX, RYL, SON, S, TWX, TOL, DIS)
Jon OggThese are some of the top analyst upgrades, downgrades and initiations we have seen from Wall St. research calls this Wednesday. ADT Corp. (NYSE: ADT) started as Outperform with $45 target at Credit…
Bank of America Skates by Earnings Estimates
Bank of America Corp. (NYSE: BAC) has reported earnings of $0.00 per share, or $340 million in net income, after items on revenue of $20.43 billion. Thomson Reuters estimates were -$0.07 per share and…
IBM Revenue Shortfall Could Cost DJIA 50 Points
International Business Machines Corp. (NYSE: IBM) has recovered handily from its lows since the last earnings report as it is now effectively all under control of new CEO Virginia Rometty now that Sam Palmisano has announced…
Intel Earnings Not as Bad as Guidance, but Some Caution Remains
Intel Corp. (NASDAQ: INTC) has managed to beat earnings, but the earnings guidance and some core metrics will be a disappointment. As a reminder, Intel had already guided the expectations ahead of today’s report.…
Options Evaluation After FDA Panel Backing For NPS Pharma
NPS Pharmaceuticals, Inc. (NASDAQ: NPSP) may not yet have formal approval for its short bowel syndrome drug called Gattex, but it has at least received a panel back at the Food & Drug Administration.…
Crossroads for LifeLock: Value vs. Giving Up
LifeLockLifeLock Inc. (NYSE: LOCK) has continued to be a poor and disappointing initial public offering. Last week it looked as though investors were willing to try to make a stand by buying shares but…
PNC Retains Safest Bank Status Despite Earnings Stumble
PNC Financial Services Group Inc. (NYSE: PNC) is taking another breather after its earnings report today. The bank is rather important because it was one of our own picks which made up the 7…
Pandit Formally Speaks Out and Clears the Air… Truth or Dare?
Vikram Pandit has already come out and told the Wall Street Journal that the decision to leave Citigroup, Inc. (NYSE: C) was his decision alone. Now we have CNBC’s Maria Bartoromo speaking with him, and…
More S&P Downgrades in Spain
Last week we saw that Standard & Poor’s had downgraded the credit ratings of Spain to BBB-. The move might as well have been a formal cut to junk bond status because the outlook…
AVG Tech Scores Facebook Security Pact
AVG Technologies (NYSE: AVG) is rising on news that it has announced a security partnership with Facebook, Inc. (NASDAQ: FB). AVG claims some 128 million active users and it will now help to protect…
The Long-Term Worries of Capacity Utilization Under 80%
One report that rarely receives enough attention is the Federal Reserve’s monthly report on capacity utilization. The industrial production numbers tend to be more volatile and can fluctuate, but the report on capacity utilization…
Ten Likely Reasons for Pandit’s Departure
Citigroup Inc. (NYSE: C) stunned the markets on Tuesday with a sudden press release about the immediate departure of CEO Vikram Pandit. There are several reasons for us to wonder about what this really…
Reality Sets in at Clearwire
Clearwire Corp. (NASDAQ: CLWR) is set to be acquired under part of the Sprint Nextel Corp. (NYSE: S) virtual takeover by Softbank in Japan. Not so fast. We warned that a deal might not…
September CPI Within Inflationary Targets
Today brought news about retail inflation for Joe Public. The U.S. Labor Department has reported its Consumer Price Index for the month of September, and the numbers are looking as though inflation is still…
Top Analyst Upgrades and Downgrades (ABV, BHI, C, HAL, HTLF, HLSS, KR, PNW, RVBD, SLB, S, TEVA, WPI, WFT)
Jon OggThese are some of the top analyst upgrades, downgrades and initiations we have seen from Wall St. research calls this Tuesday. AmBev (NYSE: ABV) named Bear of the Day at Zacks. Baker Hughes Inc.…
Big Change at Citi: Vikram Pandit Quits as CEO … Effective Immediately
Citigroup Inc. (NYSE: C) is making a big change. The banking giant has just announced that Vikram Pandit will step down as chief executive officer. The press release also says that he will step…
Goldman Beats Earnings, Raises Dividend
GS.COMThe Goldman Sachs Group Inc. (NYSE: GS) is out with earnings that look significantly better than estimates on the headlines. The investment banking giant is also boosting its dividend. Earnings came in at $2.85…
Larry Flynt Buys New Frontier Media
Sometimes drama does occur in the financial markets. High Heffner participated in taking Playboy private, and now we have Larry Flynt making an acquisition of the public company called New Frontier Media, Inc. (NASDAQ: NOOF). New…