Today’s Best Market Rumors (6/20/12)
This report is updated throughout the day if rumors arise on the 24/7 Wall St. Wire. Rumor has it that Samsung’s next version of Galaxy will be larger in its fight to compete with…
All Work
Jon C. Ogg
A Sovereign Credit Rating Upgrade For Turkey (TUR, TKF, TKC)
CIA World FactbookThe trend of ratings agencies and sovereign debt ratings has been one of downgrade after downgrade. So when you see a sovereign rating upgraded right now amidst the global turmoil, it tends…
Huntington EcoLogical ETF Launch Includes Interesting Mix of Companies
Huntington Asset Advisors has announced the launch of an actively managed exchange-traded fund via Huntington Strategy Shares called the Huntington EcoLogical Strategy Shares ETF (HECO). This is the first of two ETFs the firm plans to…
A 4-Day Rally For Facebook Ahead of IPO Analyst Quiet Period Expiration (FB)
courtesy Facebook Inc.Is it possible that Facebook, Inc. (NASDAQ: FB) is actually back? Monday’s close brought a three-day in a row rally in the stock. Tuesday made the rally the fourth consecutive day. In…
Adobe Guidance, Another Pound of Flesh (ADBE, AAPL, MSFT)
Adobe Systems Incorporated (NASDAQ: ADBE) gave decent earnings today but its guidance is leaving something to be desired. Revenue was up 10% to $1.124 billion and earnings on a non-GAAP basis were $0.60 per…
Evaluating a Housing Stock Bubble (DHI, LEN, TOL, USG, HD, STC, ELLI, XHB, ITB)
Investors have been chasing up the housing stocks higher and higher over the last year. The economy is only just now seeing a better housing market and foreclosures and the shadow inventory are finally…
How To Play Navistar’s Death
Navistar International Corporation (NYSE: NAV) has become one controversial stock. Some pundits are even saying that ultimately this company could be at risk of bankruptcy. Others believe that there is huge intrinsic value here,…
I-Bankers Mixed on IPO Outlook, Overwhelmingly Favor Romney For IPO Market
BDO USA, LLP, releases investment banker studies around the IPO market and the rest of 2012 is looking extremely mixed in the latest survey. Capital markets executives at leading investment banks were asked to…
Finally Some Good Developments For Petrobras (PBR, BP, XOM, CVX)
Petroleo Brasileiro S.A. (NYSE: PBR), or Petrobras, has been one painful oil stock for investors. In some cases, the ride has been even worse than the wealth destruction brought on by oil giant BP…
Jamie Dimon Tries To Lead Banking Sector, But Trumped by BofA
J.P. Morgan Chase & Co. (NYSE: JPM) is leading the markets higher this morning ahead of the Jamie Dimon testimony. The problem is that Bank of America Corporation (NYSE: BAC) is trumping Dimon and…
S&P Charts Face Critical Buy/Sell Pivots Ahead of FOMC Meeting
The markets were having a hard time identifying an early direction and now the move looks more entrenched on gains. Traders and investors need to be watching the technical pivots against yesterday’s trading levels…
Facebook’s First 3-Day Rally… Analyst Quiet Period Looms
Facebook, Inc. (NASDAQ: FB) was trading up at the opening bell but the tape went red shortly after the opening bell. What is interesting and what matters perhaps more than anything right now is that the…
Nokia Deathwatch: Breakup & Liquidation Value Over Operating Value (NOK, RIMM, GOOG, AAPL, MSFT)
If you have not asked yourself about the ultimate death of Nokia Corporation (NYSE: NOK), it is time to rethink this situation as one which is growing more and more likely each month. It…
Top Analyst Upgrades & Downgrades (AKS, CLS, IART, CPST, CEDC, INTC, LVS, LBTYA, MU, ORCL, MSFT, AAPL, VLO)
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Tuesday. AK Steel Holding Corporation (NYSE: AKS) Cut to Neutral at UBS. Celestica Inc. (NYSE:…
A New Royalty Stream For PDL Bio (PDLI)
PDL BioPharma, Inc. (NASDAQ: PDLI) appears to have a new royalty stream coming its way. The company announced this morning that it is now set to start receiving royalty payments from Roche’s Genentech unit…
Oracle Earnings Sneak Out Early, Dividend & Stock Buyback (ORCL)
Oracle Corporation (NASDAQ: ORCL) was set to report earnings later in the week but they were issued out in a SEC filing after the close on Monday. It would seem that somehow this news…
J.C. Penney Loses President in Turnaround, Aleady!
J. C. Penney Company, Inc. (NYSE: JCP) is not going well in this inspirational turnaround. CEO Ron Johnson, the former Apple Inc. (NASDAQ: AAPL) retail guru, is heading this turnaround and the strategy seems…
Insiders Unloading Millions Worth Of Stock Via Option & Share Sales (INTU, BIIB, SHW, CF, DIS)
When corporate management and insiders unload shares of stock, investors often look at the transactions. This is legal insider trading that generally comes from planned share sales and/or via the exercising of options that…
Software Bidding War Continues (QSFT, ORCL, VMW)
Quest Software Inc. (NASDAQ: QSFT) remains a premium takeout name in the world of software mergers and buyouts. Bloomberg has reported that Insight Venture Partners has now topped a $25.50 per share buyout offer…
Peltz & Trian Could Help Drive Lazard Back Up To $35
Lazard Ltd. (NYSE: LAZ) is not your typical sort of company that an activist investor would normally go after. in fact, Lazard itself advises companies and individuals on things like financial advisory services and…