Red Hat Earnings Mixed, Lacks Guidance
Red Hat Inc. (NYSE: RHT) is out with its second quarter results showing that sales were up 15% to $322.6 million after its subscription revenue rose 17% to $279 million. Its non-GAAP operating income…
All Work
Jon C. Ogg
San-Fran Fed’s Williams Goes All-In Behind QE3
John Williams, President and CEO of the Federal Reserve Bank of San Francisco, was speaking and presenting his case for the support of quantitative easing at the City Club of San Francisco. While the…
Groupon Makes Another Acquisition, Another Road to Nowhere
News that Groupon Inc. (NASDAQ: GRPN) completed the acquisition of website Savored.com has so far been met by investor selling. Savored is a provider of reservations at ‘the best’ restaurants across the United States,…
National Bank Holdings Backers File To Sell Shares
National Bank Holdings Corporation (NYSE: NBHC) was initially not that well received for an initial public offering. It was just last week that its 7.1 million share IPO priced at $19.25 per share and…
Rumor Mill Turns to CIT Buyout or Sale
This would mark a serious change of fate if there is truth to the report. CIT Group Inc. (NYSE: CIT) went belly up after the recession. Since emerging from bankruptcy under CEO John Thain, the…
RIM Shares Struggle At Decade Low Ahead of Earnings
Research In Motion Limited (NASDAQ: RIMM) is perhaps going to be the most widely followed earnings report for this week out of the known companies due to report. The troubled smartphone maker is set…
Dallas Fed Shows Input Costs Rise Handily in September Texas Manufacturing Outlook
The Dallas Federal Reserve showed that the Texas Manufacturing Outlook Survey showed an increase for the month of September. Today’s gain was to 10.0 from 6.4 in August and that suggests stronger output growth…
Analyst Drops Coal and Steel in Favor of Aluminum (BTU, WLT, NUE, ANR, ACI, ATI, RS, KOL)
The coal sector may not yet have found a bottom, or at least the prior gains from the bottom may be short-lived. That is the word from Bank of America/Merrill Lynch this morning as…
Google Hits All-Time Highs, But Now Trades Above Fair Value
Google Inc. (NASDAQ: GOOG) has done something that most stocks cannot claim, and on a day that the market is not exactly running with the bulls. Its stock hit a new all-time high. Today’s…
Potential Large VC-Holder Sales Coming in Vonage, Sort Of
Vonage Holdings Corp. (NYSE: VG) may have a significant wave of insiders selling shares soon. The low-cost IP-telephony provider announced on Monday that a key backer has distributed shares to its limited partners. In…
NY Times’ About Sale Brings in Balance-Sheet Stabilizing Capital (NYT, IACI)
The New York Times Co. (NYSE: NYT) has closed the previously announced sale of its About Group to IAC/Interactive Corp. (NASDAQ: IACI). The sale did include the websites About.com, ConsumerSearch.com and CalorieCount.com in the offering.…
S&P Chart Warning as Industry Leaders Add Pressure
Stocks are sliding a bit on Monday after more caution from Europe and on more economic slowing trends. The chart analysis today shows that caution and patience would remain the best action. Today we are analyzing…
How Barron’s Slapped Facebook So Hard with a $15 Value
Facebook Inc. (NASDAQ: FB) has been a total disaster and a complete disappointment since coming public. The IPO actually may have been such a disappointment that it became one more catalyst further destroying the…
Chicago Fed National Activity Index Gets More Negative for August
The Chicago Fed National Activity Index came in at -0.87 in August, versus -0.12 in July. The three-month average fell to -0.47 in August, versus -0.26 in July. We did not have expectations from…
More Pain for Questcor
Questcor Pharmaceuticals Inc. (NASDAQ: QCOR) is a situation that has gone from bad to worse. Last week there was a huge drop on the news Aetna Inc. (NYSE: AET) was altering its reimbursement coverage,…
Top Analyst Upgrades and Downgrades (AKS, ATML, AVP, CTXS, DRI, EQM, HK, LAMR, ORCL, BTU, SBH, SQNM, JOE, X, VLO, VECO, VPHM, FB, GS, MS)
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research calls this Monday. AK Steel Holding Corp. (NYSE: AKS) cut to Sell at Citigroup. Atmel Corp. (NASDAQ:…
Recession Watch: S&P Sees Slowing Growth Thru 2012 and 2013
Standard & Poor’s is calling for lower growth in the second half for U.S. Gross Domestic Product. This may not be much of a surprise on the statement, but the expected drop is likely…
Silver Miner Price to Silver ETF Ratio Getting Out Of Whack (SLW, SLV, SIL, HL)
The move in silver has been amazing, but something else has been even more amazing. Silver miners have selectively moved in a manner much more than the metal itself. The move in the Global…
Austerity Age Hits Rockwell Collins, Another Defense Earnings Warning
Rockwell Collins Inc. (NYSE: COL) is trading lower after the defense firm said on Friday morning that is lowering its guidance for fiscal year 2013. The blame is over unprecedented uncertainty around military cuts…
Inflation Remains Tame in Canada
Ben Bernanke and the Federal Reserve may be less worried about inflation than they are the growth and employment picture now, but our Canadian friends up north seem to have little to worry about…