After Gov’t Exit, Citi Can Still Double (C, MS)
The U.S. Treasury has exited its stake in Citigroup Inc. (NYSE: C). Normally you would expect shares to drop when you see 2.4 billion shares sold out or so, but that is not the…
All Work
Jon C. Ogg
Austerity Vote Creates All Green in Irish Stocks (AIB, IRE, IRL, RYAAY, ELN, WCRX)
Allied Irish Banks plc (NYSE: AIB) and The Bank of Ireland (NYSE: IRE) are soaring on ahead of an expected approval vote for the Irish budget full of austerity measures and full of spending…
Nicor Gets All-Time High Valuations in Merger (GAS, AGL)
Nicor Inc. (NYSE: GAS) got the merger that was speculated about in the market, as it was just last Thursday that shares spiked to $47 from $43 in minutes. AGL Resources (NYSE: AGL) is…
Top Analyst Upgrades and Downgrades (AMGN, AZN, BIIB, CELG, GSK, GFI, HGSI, LDK, MWV, NVS, RHT, RIMM, STX, SFD, STP, TIN, TSL, WDC)
These are some of this Tuesday’s key analyst upgrades, downgrades, and initiations seen in Wall Street research calls. Amgen Inc. (NASDAQ: AMGN) Started as Neutral at Credit Suisse. AstraZeneca (NYSE: AZN) Cut to Underperform…
Buffett’s Least Attractive Investments For 2011 (BRK-A, BRK-B, COP, COST, BDX, FISV, NLC, TMK, USG)
Last week we identified the ten Warren Buffett investments with the most implied upside. But we also found that there were many Buffett investments in Berkshire Hathaway Inc. (NYSE:BRK.A) which may be overvalued. These…
Treasury Files to Unload Citi Stake (C)
An SEC filing right after the close of trading on Monday is showing that the Treasury is set to unload shares of Citigroup, Inc. (NYSE: C). The filing did not disclose how much is…
Rare Earths and the Rumor Trade (MCP, REMX, REE)
Molycorp Inc. (NYSE: MCP) is surging higher today on reports that Sumitomo is considering a stake in the company. The move would be a game changer even if it is not lacking in surprise. …
More Battles in the Coffee Wars (KFT, SBUX, GMCR)
ThinkstockThe ongoing battle between Kraft Foods Inc. (NYSE: KFT) and Starbucks Corporation (NASDAQ: SBUX) is getting more heated and it has industry-wide implications for the coffee sector. Kraft alleges that Starbucks is violating the…
Dollar General Drop, A Gift Rather Than Panic (DG, FDO, DLTR, NDN, BIG, WMT)
Dollar General Corporation (NYSE: DG) is getting clipped after its earnings report and guidance is not as rewarding to some of the highest bulls out there. An obvious secondary offering which should have been…
Reality Check: Verigy Could Fetch More (VRGY, ATE, LTXC)
Verigy Ltd. (NASDAQ: VRGY) is surging on word of an unsolicited acquisition offer this Monday. The proposal was from Advantest Corporation (NYSE: ATE) to acquire in cash all of the outstanding ordinary shares of…
Is Chesapeake Ripe for Icahn-ization? (CHK, LGF, BX, DYN)
If ever there was a plump target for a Carl Icahn-style workout it would have to be Chesapeake Energy Inc. (NYSE: CHK). Icahn’s fight for control of Lions Gate Entertainment Corp. (NYSE: LGF) demonstrates…
Massey Energy Gets New CEO, May Get Another Coal Company (MEE, ANR, MT, ACI, CNX, ICO, PCX)
After the markets closed on Friday, the board of directors of Massey Energy Co. (NYSE: MEE) issued a press release announcing that its long-time board chairman and CEO, Don Blankenship, “will retire from the…
Carl Icahn Keeps After Lions Gate Bid (LGF)
Carl Icahn just won’t give up in his fight to take control of Lions Gate Entertainment Corporation (NYSE: LGF). Icahn has now launched a website called savelionsgate.com and he is out swinging even harder…
JA Solar Collects Bonus from Lehman Bros., Sort Of (JASO, ESLR)
In November 2008, JA Solar Holdings Co., Ltd. (NASDAQ: JASO) wrote off $100 million in 3-month index-linked note it had issued that was guaranteed by Lehman Brothers’ European subsidiaries and that were to mature…
Raised Guidance Highlights Suntech Value (STP, TAN)
Suntech Power Holdings Co., Ltd. (NYSE: STP) may be down by more than half from its 52-week highs, but that is not going to keep it from seeing a rather large gain this morning. …
Gold Challenging Highs Again, Silver Shines Over Gold (GLD, SLV)
SPDR Gold Shares (NYSE: GLD) is ready for another day of gains if this morning strength holds, and the current price of $1,414.55 is going to be crucial to watch for investors. A month…
Top Analyst Upgrades and Downgrades (ANF, APD, AMZN, ACGL, BWLD, CSCO, GLW, ELN, ERJ, HES, JEC, LEAP, MOT, OGE, RY, SD, WBD)
These are some of this Monday’s key analyst upgrades, downgrades, and initiations seen in Wall Street research calls. Abercrombie & Fitch Co. (NYSE: ANF) Added to Goldman Sachs Conviction Buy List. Air Products &…
Short Seller Makes His Case Against Netflix (NFLX)
Netflix, Inc. (NASDAQ: NFLX) is a cult stock stock which often defies gravity. While shares have soared, many analysts have missed the boat. It is one of those stocks which rallied into high prices…
Wikileaks Opens New Domains After Shutdown
As you are probably aware, Wikileaks has had its website closed down in the U.S. Amazon closed the .org and .com sites after DNS attacks and after requests for it to stop hosting the…
TrimTabs Challenges Such Poor Jobs Data From BLS
The Labor Department’s report of 9.8% Unemployment and the dismal +39,000 non-Farm Payrolls data was so bad and so far under estimates that we have some questions about the accuracy of the data. It…