August Factory Orders Hit Skid Row
U.S. Factory Orders fell by 5.2% in August. The report is down from a reading of a 2.8% gain originally reported in factory orders in July, but the Bloomberg consensus reading was looking for…
All Work
Jon C. Ogg
AT&T Tries to Save Nokia Lumia
AT&T Inc. (NYSE: T) is coming to the aid of Nokia Corp. (NYSE: NOK). As it no longer has the exclusive for the Apple Inc. (NASDAQ: AAPL) iPhone, AT&T has been free to carry…
Obama/Romney Futures Markets Show Changes After Presidential Debate
Futures markets for political events are often challenged as far as the reality versus the pricing because they are based on live real money bets rather than on true sentiment. They also have been…
Weekly Jobless Claims Not Headed in the Right Direction
The Labor Department is out with its weekly jobless claims as the last formal report ahead of Friday’s key unemployment and nonfarm payrolls data. Last week we saw a gain of 4,000 jobs 367,000…
Top Analyst Upgrades and Downgrades (ADTN, ED, EBAY, ENB, EXXI, GPS, JCP, LAZ, PCS, NUVA, RKT, SBAC, S, TWX)
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research calls this Thursday. ADTRAN Inc. (NASDAQ: ADTN) cut to Neutral at UBS. Consolidated Edison Inc. (NYSE: ED) raised…
Is Dell Any Better Off Than HP? (HPQ, DELL, AAPL, AMZN, GOOG)
Today was just not a good day for the turnaround at Hewlett-Packard. Meg Whitman's new line is that the turnaround will not be fully realized for two years, and the company did not even…
Iran Facing Currency Valuation Crisis
Iran’s currency is becoming worth about as much as toilet paper. The leaders’ defiance in Iran is exacerbating the pressure that the international sanctions are causing. To show just how bad this has become,…
2012 Holiday Airfares Currently Priced 3% Above 2011
Priceline.com fare-watchers has a report out showing that travelers will be paying more to travel this year over the holidays. The company shows that the average national airfare is up about 3% for the…
How Sarepta Got On The Map
Sarepta Therapeutics Inc. (NASDAQ: SRPT) is a company which many biohealth and biotech investors have likely never heard of. At least before today. How many shares rise more than 150% when there is not a…
H-P Lowers Guidance Yet Again
Meg Whitman’s tenure at Hewlett-Packard Co. (NYSE: HPQ) is coming under more fire, whether it is too soon or deserved or not… At the analyst meeting today, H-P is lowering some expectations ahead. The…
The Junk Bond Bubble May Have Peaked (JNK, HYG, VYM, PHK, HYV)
Jon OggDividend and income oriented investors need to be on the lookout as of now as the formation of a bubble among the high dividend and high-yield stocks and funds appears to be peaking. The…
LifeLock Proves to Be Disappointing IPO
LifeLockLifeLock Inc. (NYSE: LOCK) is looking as though it will go down quite different from its indications just last week. What was supposed to be a hot initial public offering has gone from hot…
S&P Chart Alert After ISM/ADP Ahead of Obama/Romney Debate
Stocks are trying to hold on to gains this morning on the heels of a stronger ISM and strong ADP payrolls report. Right now seems to be a time where charts are running the trading…
ISM Shows Higher Prices, Slower Employment Growth
The Institute for Supply Management, or the ISM, managed to show that the nonmanufacturing sector posted its 33rd consecutive month of growth. The ISM’s Report on Business showed a reading of 55.1% for the…
The Return of Dynegy After Bankruptcy
Dynegy Inc. (NYSE: DYN) has now successfully completed its Chapter 11 reorganization and emerged from bankruptcy. The newly traded independent power producing company has approximately $800 million in liquidity in the form of restricted…
BofA Analyst Positive on Internet and Mobile Trends
Bank of America Merrill Lynch is out with a preview of its third-quarter Internet expectations this morning, and it is raising some price targets on key companies. Bank of America said that large caps are…
ADP Picks Up Payrolls and Unemployment Expectations
The big number of the week is of course the Labor Department’s official nonfarm payrolls additions and the unemployment report. Today came one more bit of data from ADP, which may alter or change…
Top Analyst Upgrades and Downgrades (AXL, BKD, CSU, CBEY, CSCO, DFS, EPL, HCN, MHP, KORS, MOS, POT, RDS-A, SBAC, SGMS, WPRT)
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research calls this Wednesday. American Axle & Manufacturing Holdings Inc. (NYSE: AXL) raised to Outperform at RBC. Brookdale Senior…
Best Buy Still a Buyout Target
Best Buy Co. Inc. (NYSE: BBY) is still a buyout candidate. That is what Reuters has said in a report. Founder Richard Schulze and four named private equity firms have reportedly started the process…
Larry Ellison Talks Dividend over Large Acquisitions for Oracle, for Now
CNBC’s Maria Bartoromo got a chance to interview Larry Ellison of Oracle Corp. (NASDAQ: ORCL) today after the close from the OpenWorld conference. You can of course have predicted that Mr. Ellison was going to…