LifeLock Sets IPO Terms, $875 Million Valuation
LifeLockLifeLock is supposed to be a hot and anticipated initial public offering. It was not one of our top 17 IPOs to watch out for in 2012 but it easily could have been. LifeLock…
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Jon C. Ogg
Holiday Layaway Trends at Retailers, a Make-or-Break for 2012
Traditionally, consumers have either saved up for Christmas and holiday gift spending or added balances to their credit cards. That was before the recession and before the value hunt took off. The recession’s aftermath…
Microsoft Joins Dividend Hike Brigade (MSFT, MO, PM, EAT, INTC)
By now you know that we enjoy looking for dividends. Dividend hikes are even better than just looking at high dividends. Microsoft Corp. (NASDAQ: MSFT) has just delivered upon our ambition of hiking its…
Mortgage Rates Get Back To Record Lows
Zillow, Inc. (NASDAQ: Z) reported today that mortgage rates have fallen back to record lows this week. The report showed that 30-year fixed rate mortgages fell to 3.34% from 3.38% at the same time…
Yahoo! Returning 85% of Alibaba After-Tax Cash To Shareholders
Yahoo.comNews has been out all day that Yahoo! Inc. (NASDAQ: YHOO) was closing on the stake sale of the initial sale of shares in Alibaba Group Holding Limited. The company has now confirmed the…
GE and Petrobras Sign Largest Subsea Wellhead Systems Deal Ever
When you see the largest deal of a kind announced ever along with it being worth more than $1 billion, it may cause some heads to turn. Be advised that it takes many more…
Beyond QE3: FOMC Vice Chair Dudley Says More QE Can Come
William C. Dudley, President and Chief Executive Officer of the New York Federal Reserve, was speaking today. Unlike other critical voices of QE3 from Dall Fed President Fisher today and from Richmond Fed President…
RIM/Microsoft Patent License Announced
Research In Motion Limited (NASDAQ: RIMM) is surging on news that it has signed a patent licensing agreement with Microsoft Corporation (NASDAQ: MSFT), giving RIM a broad access to extended file allocation tables for…
Platinum Tanks on Lonmin Strike Resolution News (PPLT, PALL, GLTR, PLG, SWC, GLD, SGOL)
Platinum is taking a very serious, and likely long overdue, breather this Tuesday. Reuters has reported that the highly troubled mine under Lonmin in South Africa is going to have its workers return to…
Manchester United Feels More Like Facebook in Post-IPO Trading Each Day
Manchester United plc (NYSE: MANU) is holding up rather well considering that it posted a wider loss in the fourth quarter. The initial public offering in early August of the world’s most valuable soccer team has…
Apple Breaks Above the $700 Mark!
Apple Inc. (NASDAQ: AAPL) has traded above the $700 mark for the first time ever today. As of 10:45 a.m. EST the official intraday high is $701.44 and the prior 52-week range was listed…
Oil Trends Fighting “Panic Sell” Trading
The unusual, and yet totally unexplained, drop in the price of oil on Monday has created some serious shake outs in the price and the trends in oil. With NYMEX WTI crude reaching to just…
Analyst Sees 20% Upside in Berkshire Hathaway and Warren Buffett
Berkshire Hathaway Inc. (NYSE: BRK-B) rarely gets analyst research calls from Wall St. research and independent research shops. When it does, many investors tend to pick apart the data hoping to find one more…
Dallas Fed President Fisher Also Talks Against QE3
Another Federal Reserve president is talking against the notion of more and more quantitative easing. This morning’s appearance by Dallas Fed President Richard Fisher on CNBC was out talking against this latest round of quantitative…
China and Japan Lead Foreign Buying of U.S. Treasury Debt in July
The U.S. Treasury has disclosed its monthly Treasury International Capital (TIC) report. Investors and economists use this barometer to determine which nations are buying or selling U.S. Treasury notes and bonds. This usually has…
Q2 Current Account Shows Large Drop
Today came an economic report from the Commerce Department showing that the current account deficit narrowed in the second quarter to $117.4 billion. Dow Jones and Bloomberg were both calling for the reading to…
As Apple Stock Challenges $700, BofA Raises Target to $850
Apple Inc. (NASDAQ: AAPL) has been all the rage for quite some time. Shares put in a new high close of $699.78 on Monday, which is just under that elusive $700 handle that very…
Top Analyst Upgrades and Downgrades (ABT, AA, AB, MDRX, ADI, AVB, BBBY, BRCM, ESS, INTC, JIVE, LAMR, NOV, NWSA, NVDA, SLB, TASR, TXN, DK, PSX, MPC, WNR)
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research calls this Tuesday. Abbott Laboratories (NYSE: ABT) cut to Market Perform at Leerink Swann. Alcoa Inc. (NYSE:…
How QE3 Will Help the Seven Safest Banks in America
Banks are back in favor. The most recently announced round of quantitative easing via mortgage-backed securities purchases from the Federal Reserve follows a ratings action earlier this year in which Moody’s downgraded 15 of the…
Apple Trades Above $700 for First Time Ever, in After-Hours Trading
The official all-time high in shares of Apple Inc. (NASDAQ: AAPL) is currently now $699.80 and the prior 52-week range before today was $354.24 to $696.98. That was then … In the after-hours trading session…