Netflix Pumped By Value Investing Congress (NFLX, AMZN)
Netflix, Inc. (NASDAQ: NFLX) is seeing its shares tick higher so far on Monday on word that Whitney Tilson of T2 Partners was talking shares up at the Value Investing Congress. What was said…
All Work
Jon C. Ogg
AT&T Dividend Declaration, Prelude to Hike Right Before Year-End
AT&T Inc. (NYSE: T) has just initiated its fourth payment of a $0.44 per common share quarterly dividend. We were not expecting a dividend hike this month, but we are formally setting December for…
Spanish Bank Stress Tests Not So Bad After All (SAN, BBVA)
The Spanish bank stress tests are out and the initial verdict is that the shortfall was just not as bad as expected. In order to encompass about 90% of Spain’s banking system assets, the…
LifeLock and Dave & Busters Are Key IPOs in the Week Ahead
The market may still be cautious when it comes to the IPO market. After all, Facebook, Inc. (NASDAQ: FB), Groupon Inc. (NASDAQ: GRPN), and Zynga, Inc. (NASDAQ: ZNGA) have all proven to be disasters.…
Credit Managers Stay Positive in September, But Slipping
The September report from The National Association of Credit Management is out with a positive headline and a positive bias at the start. The problem is that the gains have caveats and the report…
RIM Analyst/Reporting Sentiment Will Be Very Hard to Change
Research in Motion Ltd. (NASDAQ: RIMM) is showing that it is not as dead as the market was expecting. A CEO interview on CNBC this morning was also one far more promising and far…
September Consumer Sentiment Holds Gains, but Lower Than Expected
The Reuters/University of Michigan Consumer Sentiment reading is out for September, but we would note that this is the final number for the month after the preliminary reading out two weeks ago. The final…
Chicago PMI Now Running at Recession Levels
The report for September’s Chicago purchasing managers is a huge disappointment, and the report is sending stocks further south (DJIA -112 and S&P 500 -11). The adjusted index fell to a recessionary/contraction level of…
BofA Settles Class Action Suit over Merrill Lynch Acquisition (BAC)
Bank of America Corp. (NYSE: BAC) is settling a class action lawsuit over its purchase of Merrill Lynch. The company said that it would be taking a litigation expense in the third quarter of…
Personal Income and Spending Higher in August
The Commerce Department’s report on personal income and spending has been released for the month of August, and it shows the largest gains in six months. Income rose by 0.1% and spending rose by…
Top Analyst Upgrades and Downgrades (ADTN, AGCO, MTGE, APA, BRCM, CAT, DNR, DVN, HK, MCD, MU, EDU, PFE, QCOM, RIMM, SUP, UTX, UTHR)
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research calls this Friday. ADTRAN Inc. (NASDAQ: ADTN) cut to Underperform at BofA/ML. AGCO Corp. (NYSE: AGCO) named value stock…
John Thain Denies Report/Rumor: CIT Is Absolutely Not For Sale!
CIT Group Inc. (NYSE: CIT) has been the subject of potential buyout rumors of late. Around 4:15 PM EST today CEO John Thain was a guest on CNBC. It was just back on Monday…
RIM Shows That Less-Bad Earnings Rule
Research In Motion Ltd. (NASDAQ: RIMM) is out with its earnings report and what we have here is a “less-bad” report than what was expected. The loss is $235 million, or -$0.45 EPS or…
MetroPCS: The Stupidity of Some Merger Rumors
MetroPCS Communications Inc. (NYSE: PCS) is trading higher today on news that the company is back in the M&A rumor mill. DealReporter.com said that talks have been held with strategic buyers and those were…
New Multiyear High for GE from Infrastructure Forecast
General Electric Co. (NYSE: GE) has been enjoying a recovery despite what has been a period of caution for so many global corporations. In a meeting today, GE’s Chairman and CEO Jeff Immelt has…
Goldman Sachs Settles SEC Charge Over Pay-to-Play Political Contributions
GS.COMWhen investment bankers and brokerage firms are large donors or fundraisers for a political candidates, you know that the stage can be set for a conflict of interest. That certainly does not apply to…
Lockheed Martin Dividend Hike, Now Yields 5%!!!
Lockheed Martin (NYSE: LMT) has just joined the dividend hike brigade. We have previously written that this would likely be the case and the hike was right in line with the upper-end of our…
Philly Fed President Plosser Remains Critical of QE3 But Says Fed Can Still Do More
Philadelphia Federal Reserve President Charles Plosser created waves this week when he came out and spoke about the risks to the Federal Reserve’s credibility due to the latest round of quantitative easing. The words…
RIM Earnings Preview: Hoping For Less-Bad
Research In Motion Limited (NASDAQ: RIMM) is set to report earnings after the close of trading on Thursday and the expectations must still be dire if you just look at the stock price action…
Kansas City Fed Manufacturing Tips Closer to Negative Growth
The Kansas City Federal Reserve has published its KC Fed Manufacturing Index showing that the index fell to 2.0 in the month of September. It is yet another drop in manufacturing data as the…