The Securities and Exchange Commission this week has charged the senior-most executives at Thornburg Mortgage Inc., which is called “formerly one of the nation’s largest mortgage companies with hiding the company’s deteriorating financial condition…
The new data on February Import & Export prices has been released by the Labor Department this Wednesday and we are seeing some inflationary pressure. Higher petroleum costs pushed up import prices by 0.4%. …
It was just yesterday that Jefferies raised its Apple Inc. (NASDAQ: AAPL) price target to $699 from $599 in a research call. Now today we have Canaccord Genuity raising its price target to $710 from…
Jon OggThese are some of this Wednesday’s top analyst upgrades, downgrades, and initiations seen in Wall Street research calls. AGL Resources, Inc. (NYSE: GAS) named as Bear of the Day at Zacks. Alcatel-Lucent SA…
ZyngaZynga Inc. (NASDAQ: ZNGA) was expected to have a secondary stock offering for insiders sooner than the prior lock-up period of 180 days by some counts. Now we know that this will be coming…
J.P. Morgan Chase & Co. (NYSE: JPM) was truly a shoe-in as far as whether or not the bank was going to pass the latest stress tests or not. CEO Jamie Dimon maintained the…
The Euro may not be imploding even after the fears of Greece last week. Look no further than Italy, the biggest of the PIIGS nations by far. Italy managed a bond sale this morning that…
Wells Fargo & Co. (NYSE: WFC) has announced that the Federal Reserve did not object to its capital return plan for its shareholders. The first quarter dividend is effectively more than doubling as it…
U.S. Bancorp (NYSE: USB) not only hit a new 52-week high today, it went up 4.5% to $31.01 against a prior range of $20.10 to $29.88 over the last year. The trust bank has…
MetLife Inc. (NYSE: MET) is a bank? It was part of the Federal Reserve stress tests, and the insurance giant did not come out too well in the stress tests. The Federal Reserve has…
Goldman Sachs Group Inc. (NYSE: GS) and Morgan Stanley (NYSE: MS) may soon be allowed to increase dividends, set share buybacks of their common stock, or make other planned shareholder friendly moves. Goldman Sachs…
American Express Co. (NYSE: AXP) has been approved for a capital return plan for its common shareholders after the stress tests. The current plan is to repurchase up to $4 billion during 2012 and…
The Bank of New York Mellon Corporation (NYSE: BK) has confirmed that the Federal Reserve did not object to its 2012 comprehensive capital analysis and review. The current plan is to buy back up…
J.P. Morgan Chase & Co. (NYSE: JPM) has raised its dividend as we expected. Good news on the surface, but a true disappointment in reality. The bank has declared a quarterly dividend of $0.30…
Yelp Inc. (NYSE: YELP) has only seen eight trading sessions since its initial public offering back on March 2, 2012. Just last week it was trading as though the premium offering was going to…
As expected, Ben Bernanke and the FOMC left interest rates unchanged yet again. With a recent in-line unemployment and payrolls report and with Mr. Bernanke having already testified before Congress, we just were not…
Apple Inc. (NASDAQ: AAPL) is often accused of making its shares inaccessible with such a high share price. It has not prevented its stock from running up, but the daytrading crew that trades lower-priced stocks…
Most of you will never have heard of a small outfit called Roomlinx, Inc. (RMLX.OB) despite its surge in the share price today. As it is bulletin board listed, you better do some research…
The Volatility Index, or ‘The VIX’ per traders, is signaling not just a lack of volatility. The lack of volatility has migrated to outright complacency. When the VIX gets very low, readings of well…
Apple Inc. (NASDAQ: AAPL) keeps hitting new highs, and today is no divergence away from that. Jefferies & Co.’s Peter Misek reiterated his Buy rating this morning, but in the call the analyst raised…