Stocks are looking for direction as Fed Chairman Bernanke is testifying on Capitol Hill. This is also on the back of fresh weakness in the markets. We are tracking the daily buy/sell points on the…
Fed Chairman Ben Bernanke is testifying and the market is looking for (and hoping for) any signs of life for more easing measures. While Bernanke did not promise any additional quantitative easing measures immediately,…
By now you know about the drought engulfing U.S. farmers throughout much of the United States. While Texas has been getting the rain it missed in all of 2011, the drought is full-on throughout…
If you thought things were ever dicey at Cisco Systems, Inc. (NASDAQ: CSCO), the woes happening at Alcatel-Lucent SA (NYSE: ALU) are just atrocious. The sad thing to see is that what is left…
If you were just looking at Goldman Sachs Group Inc. (NYSE: GS) you might think that all was well on Wall St. after the bulge-bracket firm beat its earnings estimates. When you look elsewhere…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall St. research calls this Tuesday. Alcatel-Lucent SA (NYSE: ALU): Cut to Hold at Deutsche Bank. Amazon.com, Inc. (NASDAQ: AMZN):…
Investors cannot make any money in the bond market right now merely by buying and holding Treasury bonds forever. The problem is that Treasury yields are at record lows. In some parts of the…
Yahoo! Inc. (NASDAQ: YHOO) is about to get a new star as its permanent Chief Executive Officer. This story has been updated due to a press release confirmation. It is not going to be…
Sometimes analyst upgrades and downgrades matter, and sometimes they do not. Sotheby’s (NYSE: BID) is finding that they sure matter this Monday. We might usually skip an analyst upgrade or downgrade on a company…
Kayak Software is set to debut in its initial public offering late this week. The travel comparison site’s parent is set to debut with a small offering of only about 4 million shares with…
Facebook, Inc. (NASDAQ: FB) is suffering a psychological blow today. The NASDAQ is down about 0.5% but Facebook’s common stock is down now by almost 4% and under the $30.00 handle at $29.50 so…
What usually happens when you get two mergers announced in drugs and biotech in the same day? Investors begin to wonder which other peers and competitors might be on the M&A block. Monday’s news…
Business inventories for the month of May were up 0.3%, while inventory sales were 0.1% lower in May. The report from the Commerce Department does have a rather large lag — this is a…
AG Mortgage Investment Trust, Inc. (NYSE: MITT) could soon be much larger if its most recent shelf registration statement (S-3) with the Securities and Exchange Commission gets used to its fullest extent. The filing…
Two economic reports are driving interest this morning. The key Empire Manufacturing report brought some surprise growth in the July report, but retail sales from June managed to go into the red again. The…
So far, Citigroup, Inc. (NYSE: C) is getting a favorable reaction to its second-quarter earnings report. The international banking giant’s earnings came in ahead of Wall St. consensus targets from Thomson Reuters, while revenues…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall St. research calls this Monday. Anadarko Petroleum Corp. (NYSE: APC): Raised to Outperform at Credit Suisse. Anheuser-Busch InBev (NYSE:…
Friday has been a stellar day based upon reaction to the major bank earnings reports and due to reports that China’s GDP maintained a growth rate of 7.6%. What is amazing is that the…
The Federal Reserve Bank of New York today has just released documents related to the Barclays-LIBOR scandal with Barclays PLC (NYSE: BCS). These documents were requested (request or demand?) by Chairman Neugebauer of the U.S.…
There is good news for defensive consumer products and high dividend investors: change is likely coming in some form at Procter & Gamble Co. (NYSE: PG). The market value as of yesterday was a…