Two more economic reports are driving traders into more uncertainty this morning. The so-called Philly Fed was dismal and the ‘not so leading’ Leading Indicators were barely above the red line. See SPDR S&P 500…
Now that the FOMC meeting is over and with many commodities softening, investors and traders need to pay close attention to the critical chart buy/sell pivots. We are tracking the pivot points on the SPDR…
With commodities on the retreat and with preliminary inflation running very low, you can imagine that the gold and silver markets are trading softer again. Gold is down 1.3% at $1581.50 per ounce, but…
Onyx Pharmaceuticals, Inc. (NASDAQ: ONXX) was already on the radar screens in biotech before this morning. But news showing that the company’s cancer drug carfilzomib has received favorable FDA panel vote has shares surging. …
The Labor Department is just looking like it is not going to be source for any good news. With the employment and economic situation worsening again, it may be no real surprise. Today’s data…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Thursday. Ariad Pharmaceuticals Inc. (NASDAQ: ARIA) Maintained Hold at Argus. CenterPoint Energy Inc. (NYSE: CNP) Cut…
Celgene Corporation (NASDAQ: CELG) is supposed to be one of the more promising biotechs out there. After all it was worth some $29.6 billion in market capitalization at Wednesday’s close. Now shares are down…
A 2014 bond auction in France went off at 0.54% this Thursday, while the same maturity in 2014 went for a yield of 4.70% in Spain. The fear is that long-term borrowing rates will…
NASDAQ OMX (NASDAQ: NDAQ) has now announced that it intends to launch a new London-based trading venue called the NLX, which will offer derivatives on both short-term interest rates and long-term interest rates. The derivatives…
Bed Bath & Beyond Inc. (NASDAQ: BBBY) always beats earnings and seems to please Wall Street investors as Main Street consumers keep flocking to its stores. Perhaps there is a gap in the historic…
Maybe you want to blame the rising dollar or maybe you want to blame continued slow weakness along with a building inventory report. Oil is now within striking distance of the $80 per barrel…
Apple Inc. (NASDAQ: AAPL) may not be the greatest company to work for nor may it be immune to the woes of technology as so many think. The company is set to hand out…
Jon OggEach and every morning 24/7 Wall St. reviews the top analyst upgrades and downgrades from Wall Street analysts. Some of these move stocks in a serious way while others sometimes miss the mark. …
Ben Bernanke has spoken. The statement from the two-day Federal Open Market Committee voted in an 11-1 to keep Fed Funds unchanged. Most importantly, the Fed is extending Operation Twist through the end of…
The latest Business Roundtable’s CEO Economic Outlook Survey covers the second quarter of 2012, and as you may have guessed these CEOs are showing a downturn in their expectations for sales, capital spending and…
The Department of Energy is out with its weekly oil and gasoline inventory data and this is going to likely move the markets. Crude oil stocks managed to build up by a whopping 2.86…
Investors and traders are caught between news out of Europe and the highly awaited decision from Ben Bernanke on the FOMC meeting today regarding Operation Twist. The markets are mixed and trying to find…
Navistar International Corporation (NYSE: NAV) is finding itself caught between a rock and a hard place. We have covered the reporting that Navistar could ultimately go bankrupt, but it could also end up being…
J.P. Morgan Chase & Co. (NYSE: JPM) was already at highs not seen in a month yesterday and now it appears as though this one is heading even higher on Wednesday. The pre-market trading…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Wednesday. Adobe Systems Inc. (NASDAQ: ADBE) Cut to Underperform at JMP Securities. Apollo Group Inc.…