Everyone was already expecting Research in Motion Ltd. (NASDAQ: RIMM) to have very little or even no good news in its report. Things got bad enough at the company’s last warning that the company…
Jamie Dimon is probably glad to hear that Barclays PLC (NYSE: BCS) is more prominently in the news over LIBOR manipulation. The reaction in shares of Barclays has been similar to the multi-billion losses seen…
GENWORTH FINANCIAL, INC. (NYSE: GNW) has been battered as far as its stock is concerned and shares matched a 52-week low this morning of $4.80. At least that was the case until an activist…
If you were watching the reactions in the market after the Supreme Court ruling on Obamacare as being constitutional as a tax, you might think that the healthcare insurance providers are suddenly an at-risk…
The financial world has been waiting for the decision from the United States Supreme Court on Obamacare and the reaction depends upon which sector and asset class you are following. We have seen a…
Thursday was D-Day for the Supreme Court decision on the Obama healthcare mandate as to its constitutionality. The long and short of it is that the mandate is constitutional as a tax after a…
The low-rate environment is going to continue taking a toll on bank earnings. Credit Suisse has a report this Thursday showing some ongoing caution in the regional banking sector. The firm is maintaining an…
The Labor Department’s report on weekly jobless claims is the next to last report before the coming unemployment data in a week and one day. The latest claims figure was down 6,000 to 386,000…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Thursday. Anadarko Petroleum Corporation (NYSE: APC) Raised to Outperform at Bernstein. Apple Inc. (NASDAQ: AAPL)…
The market is about to get a flood of secondary offerings. Some are post-IPO shares, others are established companies raising cash. Bazaarvoice, Inc. (NASDAQ: BV) has filed to sell up to 1.7 million shares…
J.P. Morgan Chase & Co. (NYSE: JPM) is weak this morning on word that the bank’s trading losses will be much wider than originally reported. The market knew that the loss would be at…
Research in Motion Ltd. (NASDAQ: RIMM) is set to report earnings after the close on Thursday. Investors have to now be prepared for something they have not seen in years and years. The new…
Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) is surging after the FDA approved its weight loss pill called BELVIQ. In fact, now that shares have reopened after having been halted this stock is up a sharp…
Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) was halted today for news that the company’s weight-loss drug called BELVIQ has been approved. The news is good for all obesity drug makers today. VIVUS Inc. (NASDAQ: VVUS)…
The European Central Bank looks to be getting closer and closer to finally admitting that it cannot stick its head in the sand and make silly comments about worrying over inflation and looking for…
The Department of Energy is out with its weekly oil and gasoline inventory data and we saw a slight drop in the crude with a slight gain in gasoline inventories. Weekly DOE crude oil…
Can the markets rise two days in a row anymore? That is what we are looking for in the daily charts review. We are tracking the daily buy/sell pivot points on the SPDR S&P 500…
Westport Innovations Inc. (NASDAQ: WPRT) is surging on news this morning that it has signed a second deal with General Motors Co. (NYSE: GM) for the company’s compressed natural gas engines for light-duty vehicles. …
Companies go bankrupt all the time. Owning a business comes with risks like solvency, credit, operational, and management (among other risks). But the thought of a government entity going bankrupt seems hard to imagine. …
Durable Goods in the Month of May managed to somehow come in with upside data at a time when most economic numbers are contracting or offering downside surprises May’s report grew by 1.1% on…