Is it starting to feel like the silly season all over again? On a day after higher consumer confidence and weak durable goods, spot gold is up just over 1% at $1,788.90 but spot…
Retail Metrics is out with its preliminary expectation for February same-store sales data to be released later in the week. Keep in mind that February has an extra day compared to 2011 because of…
2012 is a Leap Year and that means one more potential trading day with February 29 on the calendar. Stock market statisticians often try to look for patterns in anything, so 24/7 Wall St.…
Consumer Confidence measured from the Conference Board is significantly better than the prior month and versus economist expectations. The Conference Board issued a report for February at 70.8, up from 61.5 in January and above…
Cablevision Systems Corporation (NYSE: CVC) is one of our long-term stock picks as a turnaround candidate which has just not managed to turn around. This was part of the 7 Undervalued Stocks Poised For…
Greek banks are finding that they cannot use the Monopoly money to keep playing Monopoly. Shares of the National Bank of Greece S.A. (NYSE: NBG) are getting hit this morning on news that the…
When we compiled our daily analyst upgrades and downgrades this morning, it was impossible not to notice that Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) was raised to Outperform from Neutral. More important is…
Cult stocks and controversial stocks often have an unusually high short interest. What is amazing is that the bets against these companies sometimes go off the charts and we see some very large moves…
Durable Goods for the month of January is not just a disappointment. This was a nearly shocking miss when you consider the trends of the prior months and the economic recovery we have been…
Jon OggThese are some of this Tuesday’s top analyst upgrades, downgrades, and initiations seen in Wall Street research calls. Apollo Group Inc. (NASDAQ: APOL) Raised to Overweight at Barclays. Charter Communications (NASDAQ: CHTR) Maintained…
Greece has all but formally defaulted on its debt if you remove the winks and nods from the ‘exceptions to the rules’ of what constitutes a default. Standard & Poor’s Ratings Services has issued…
Pacific Ethanol, Inc. (NASDAQ: PEIX) was a soaring eagle today ahead of earnings with a 16% gain to $1.61. It is giving it all back now. The ethanol player turned in its fourth quarter…
priceline.com Incorporated (NASDAQ: PCLN) has managed to beat its earnings expectations. Gross travel bookings were $4.96 billion and that generated $225.7 million in income. Adjusted earnings came to $5.37 in earnings per share outside…
Yelp Inc. (NYSE: YELP) is set to debut in trading late this week for its initial public offering of 7.15 million shares in a price range of $12.00 to $14.00. The company’s roadshow was…
2011 was the year of the utility stocks offering investors high dividend yields of well over 4.0%. 2012 has not gone so well for the sector, with 25 of the 34 S&P 500 Index utilities…
Molycorp, Inc. (NYSE: MCP) is seeing its shares under pressure today on an analyst downgrade after last week’s earnings report. The U.S. rare earth leader (a monopoly for now) reported a profit as its volumes…
Priceline.com Incorporated (NASDAQ: PCLN) is set to report its quarterly earnings after the close. This will be an interesting report as currency fluctuations could have greatly impacted the quarterly report. Well over half of the…
Durable goods orders for the month of January is expected to be reported early Tuesday morning at 8:30 AM EST. Bloomberg’s consensus economist target is -0.7%, but this number can be very volatile and…
Micron Technology, Inc. (NASDAQ: MU) is seeing a large gain today on a rather unusual event. One of its key competitors named Elpida in Japan is filing for bankruptcy protection. Our take here is not…
MedcoHealth Solutions Inc. (NYSE: MHS) and Express Scripts, Inc. (NASDAQ: ESRX) are both trading higher on hopes that the merger between the two companies may actually receive FTC and other approvals to be allowed. …