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Jon C. Ogg

Del Frisco’s Trades In Its Busted IPO Status

Del Frisco’s Restaurant Group, LLC (NASDAQ: DFRG) is regaining its IPO price today and is no longer trading as a busted IPO.  After hitting as low as $12.00 on Friday after a $13.00 initial…

Jon C. Ogg · 14 years ago

Barrick Gold Shruggs Off S&P Credit Rating Cut

Despite some softness in the gold market, Barrick Gold Corporation (NYSE: ABX) is up 1.7% on the day at $32.91.  It is a rather impressive move when you consider that S&P is downgrading the gold…

Jon C. Ogg · 14 years ago

Dallas Fed Report Posts Big Disappointment

The Dallas Federal Reserve’s July Business Activity report came in with a huge disappointment this morning. The reading was all the way down at -13.2 for the month of July from 5.8 in June.…

Jon C. Ogg · 14 years ago

S&P Chart Targeting Resistance (SPY)

Stocks are currently higher on what is looking like a mixed day so far.  We are on the back of big market gains so the chart has to be watched closely at the resistance levels. …

Jon C. Ogg · 14 years ago

Schulze Interest Grows in Acquiring Best Buy

Best Buy Co. Inc. (NYSE: BBY) is back in play. We reported this as one of the companies that could be taken over as soon as this summer, and we now have more news…

Jon C. Ogg · 14 years ago

Chicago Fed: Midwest Manufacturing Output Increased

The Chicago Fed Midwest Manufacturing Index, referred to as the CFMMI, is not coming in negative like so many manufacturing reports we have been seeing of late. The index rose by about 1.1% in…

Jon C. Ogg · 14 years ago

Now Fraud Brings Pain to Solar

Suntech Power Holdings Co. Ltd. (NYSE: STP) sounds doomed. The damage sets a sour tone for the week’s solar lineup as First Solar Inc. (NASDAQ: FSLR) is set to report earnings this week. Suntech…

Jon C. Ogg · 14 years ago

FDA Complete Response Letter Takes a Big Bite Out of Hope (SLXP, PGNX)

The U.S. Food & Drug Administration has sent Salix Pharmaceuticals Ltd. (NASDAQ: SLXP) and Progenics Pharmaceuticals Inc. (NASDAQ: PGNX) a Complete Response Letter (CRL) regarding the drug Relistor’s supplemental new drug application. Relistor is an injection…

Jon C. Ogg · 14 years ago

Ten Must-Watch Events for the Week Ahead

The week ahead is going to be a busy week. There are many traditional events to watch, but by now the market participants and investors have learned that they have to pay close attention…

Jon C. Ogg · 14 years ago

More Draghi Euro/ECB Rumors To The Rescue

Equities are continuing their rise this Friday on renewed hope for Europe.  These are of course rumors, but the rumors are based upon “central banking officials who wish to remain anonymous.”  The DJIA (NYSEMKT: DIA)…

Jon C. Ogg · 14 years ago