Cisco Systems Inc. (NASDAQ: CSCO) seems as though it cannot win for losing. The company’s updated “action plan” involves a further organizational simplification, implying lower costs and layoffs. The company aims to trim $1…
International Business Machines Corporation (NYSE: IBM) has managed to beat its earnings targets. The technology services and equipment giant reported non-GAAP earnings growth of 18% to $3.09 EPS vs $3.03 estimates from Thomson Reuters…
Screening for value in banks right now is probably a fools’ game. In fact, J.P Morgan Chase & Co. (NYSE: JPM) trades at close to 0.9-times book value and Citigroup Inc. (NYSE: C) trades…
As the politicians in America play chicken with our prized Triple-A debt rating and as Europe is succumbing to its PIIGS, gold has eclipsed $1600 per ounce and now it has helped to pull…
Shares of LDK Solar Co. Inc. (NYSE: LDK) are getting hit again today following the company’s announcement that a member of its board of directors who was also the head of its audit committee…
Bank of America Corporation (NYSE: BAC) is back to being the worst of the worst of the Dow Jones Industrial Average components. Shares broke under $10.00 on Friday for the first time since May…
Since the beginning of July gold prices have risen nearly 7%, from around $1,500/ounce to today’s record high over $1,600/ounce. Risk is off the table in the equities markets as concerns over Congressional wrangling…
The world of Mortgage REITs offers massive yields for income investors. There is a big caveat here. It offers massive yields, until it doesn’t… then you don’t want to be around this sector. Over…
Less than five years ago, natural gas was selling for as much as $13/thousand cubic feet. It sells for about a third of that today, and some of the high-dollar projects that grew out…
MGIC Investment Corporation (NYSE: MTG) is one of the troubled mortgage insurers which we routinely worry about for both viability and relevance. This morning’s earnings report does nothing to ease those fears. The company…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Monday morning. Alcatel-Lucent (NYSE: ALU) Maintained Underperform but raised estimates at Credit Suisse. Barrick Gold…
Bonds should be a part of almost all portfolios through time, particularly for those getting more elevated in age who need safety. It is no secret that U.S. bond yields are just dismal regardless…
Estimates of the amount of Chinese bank lending total nearly $7.5 trillion. Of that total about 30%, or $2.2 trillion, has been lent through a central government program that puts enormous amounts of money…
TeavanaTeavana Holdings, Inc. has now set the terms for its pending initial public offering. The retailer of high-end tea’s and the peripheral market around teas has projected that it will sell 7,142,858 shares of…
Jon Ogg24/7 Wall St. generally reports on ten to fifteen analyst calls each morning as the top analyst calls of the day, but after we go through these at the end of the week…
The ratings agencies may have been totally off the mark ahead of the mortgage crisis that helped to wreck our economy, but do not think for a second that they are not still a…
Next week will mark the true ‘opening the floodgates’ for earnings season. We have given some brief earnings previews and added in color for the DJIA components set to report earnings in the coming…
The European Banking Authority has published the results of its 2011 stress test of 90 banks in 21 countries in the Euro-area. While the aim is “to assess the resilience of the banks involved…
There’s another case where supply of an alternative energy technology is very likely to overwhelm demand. There is plenty of evidence that such a situation is taking hold in the solar PV manufacturing space,…
At the end of 2010, US ETFs held assets of $1.005 trillion. By the end of 2015 that number will more than double to $2.091 trillion. That’s a compound annual growth rate of 15.8%,…