Meet the New $900 Target on Apple Shares
Apple Inc. (NASDAQ: AAPL) has managed to hit a new intraday high of $644.13 so far today. Shares have pulled back but an analyst upgrade is behind the move. Jefferies has raised its target…
All Work
Jon C. Ogg
Leading Indicators Point Higher
The Conference Board has released its Leading Economic Indicators. The report, much of which is known before the release, managed to come in above expectations. This report came in at +0.4% rather than the…
More Wind-Down Efforts for Freddie Mac and Fannie Mae
Fannie Mae and Freddie Mac have both been critical issues when it comes to the housing crisis. The government wanted these agencies to create equal housing opportunities, and these agencies provided the mechanism for…
Top Analyst Upgrades and Downgrades (CERN, FCEL, KKD, GTAT, GRPN, MRVL, MCK, MDT, MCP, PSX, TSO, VIA, WLP)
Jon OggThese are the top analyst calls of upgrades, downgrades and initiations we have seen from Wall St. research calls this Friday morning. Cerner Corp. (NASDAQ: CERN) cut to Equal Weight at Morgan Stanley.…
Turnaround Continuation After Gap Earnings
Gap Inc. (NYSE: GPS) is out with its second quarter earnings report. The apparel retailer reported earnings of $243 million or $0.49 per share as sales increased by 6 percent to $3.58 billion. Estimates…
The Scary Treasury Bond Sell Signal Comes Closer
Is the end of the low rates, or no rates, in Treasuries finally coming closer to fruition? We would advise against betting the ranch that a super-spike is coming in rates at this point…
Market Dances Around Discounting Facebook Lockup Expiration
Facebook Inc. (NASDAQ: FB) is finally getting its lockup expiration out of the way. Today is the day that some 271 million shares are being freed up for certain insiders and backers to unload…
Weekly Jobless Claims Tick Up
The report on weekly jobless claims is now out from the Labor Department, and the number of claims gained 2,000 to total 366,000. Bloomberg and Dow Jones were both looking for 365,000 for the…
Top Analyst Upgrades and Downgrades (ANF, AXP, BP, DDMG, GHDX, GNC, KYAK, KMI, MEOH, SPLS, THC)
Jon OggThese are the top analyst calls of upgrades, downgrades and initiations we have seen from Wall St. research calls this Thursday morning. Abercrombie & Fitch Co.(NYSE: ANF) cut to Underperform at Macquarie. American…
Molycorp Raising Cash
Molycorp Inc. (NYSE: MCP) has announced that it intends to offer and sell $300 million aggregate principal amount of convertible senior notes due in 2017 and $150 million of its common stock. The offerings…
EA Joins Video Game Buyout Rumor Mill
Electronic Arts Inc. (NASDAQ: EA) has joined the wave of video game companies that may be up for sale. The great rumor mill of Wall St. (and Cyber Street) now has EA as the…
Cisco Sets Tune for Networking Giants (CSCO, JNPR, BRCD, RVBD, ALU)
Cisco Systems Inc. (NASDAQ: CSCO) is leading the charge higher this morning after the networking equipment giant pleased investors with its earnings report. In short, even though the revenue forecast was a tad light…
The Analyst Call of the Day: Netflix
Wikimedia Creative Commons, JohnnyMrNinjaNetflix, Inc. (NASDAQ: NFLX) is trading up on a day where the markets have been very mixed. The reason for the gain is an analyst upgrade from Bank of America/Merrill Lynch,…
Dendreon Buyout Chatter Back After Drop Under $5
You know that if one sector has continued to consolidate through time, it is the biotech sector. We often hear rumors about “the next biotech buyout.” Today’s rumor mill around biotech is around Dendreon…
Gun Maker Downgrade Brings Value Back To Gun Stocks
Gun sales in America have been nothing short of robust. It seems that the election cycle is placing another round of urgency for gun buyers to hit the stores. That being said, the question…
Ponzi Scheme Taken Down in Denver
As if the Bernie Madoff scandal was not enough… The Securities and Exchange Commission has just announced this Tuesday that it has new fraud charges as well as an emergency asset freeze against a…
Major Changes Made To Buffett & Berkshire Hathaway Stakes
Berkshire Hathaway Inc. (NYSE: BRK-B, BRK-A) and Warren Buffett have just released their most recent U.S.-listed equity holdings showing that there have been some significant changes in the positions of the Berkshire Hathaway empire…
Facebook Snags Stock Upgrade Into IPO Lock-Up Expiration
Does the Facebook, Inc. (NASDAQ: FB) lock-up expiration really matter? Not according to S&P Capital IQ, as it has just today raised its equity rating on Facebook to Buy from a prior Hold rating. …
Uncle Sam Should Unload More AIG Shares
American International Group, Inc. (NYSE: AIG) has managed to hold up exceptionally well since its last secondary offering held by the U.S. Treasury. We said it at the time of the offering that the…
The Social Media Implosion Continues
Is Groupon, Inc. (NASDAQ: GRPN) really a social media company? We might consider it a Web 2.0 (or 3.0) company instead, but the market is what the market is… Groupon has become a stick…