Short sellers moved into bank stocks ahead of the sell-off based on data for the period that ended July 29. Shares sold short in JPMorgan (NYSE: JPM) rose 17% to 33.6 million.…
Goldman Sachs (NYSE: GS) says QE3 was likely after the Fed’s recent comments. (Reuters) HSBC (NYSE: HBC) sells its U.S. credit card business to Capitol One. (Reuters) China not likely to raise…
Apple (NASDAQ: AAPL) briefly became the most valuable company in the world today. When it hit $364 billion in worth, it passed long-time leader Exxon Mobil. Over a span of two years,…
Although stock buybacks have never been among our most preferred methods of returning capital to investors, stock repurchase plans can indicate to investors that a company’s management believes the ship is not…
Updated throughout the day. Wal-Mart (NYSE: WMT) is in talks to buy Carrefour Brazil (Reuters) Ben Bernanke may announced QE3 today (various) HSBC (NYSE: HBC) may sell its credit card business (FT)…
Douglas A. McIntyre When your business hasn’t shown much sign of growth for several years running, maybe it’s time to change strategy. Wal-Mart Stores Inc. (NYSE: WMT) has been trying to grow its business organically…
Verizon (NYSE: VZ) faces a strike of 45,000 of its workers. Members of the Communications Workers of America and the International Brotherhood of Electrical Workers walked out because Verizon wants sharp cuts…
Jon OggEach morning we cover numerous analyst upgrades, downgrades, and initiations from Wall Street research firms which we think will have an impact on stocks and sectors. After each week we review…
Many economists don’t believe that the US debt ceiling is the biggest problem the country faces. In their view the most compelling issue is unemployment, currently at 9.1% and, given the nearly…
Gasoline prices are likely to plunge. The same economic concerns that have prompted a massive sell-off in equities have also driven down the price of crude. It has retreated to $83 from…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Tuesday morning. Annaly Capital Management (NYSE: NLY) Reiterated Outperform but Raised estimates at…
A debt deal agreed to by both parties will be voted on today (Reuters) The debt deal is likely to cause a sharp improvement in stock prices (Reuters) Hackers said they hit…
Many economists believe it is too late for the U.S. to keep its Aaa rating (Reuters) Electronic Arts (NASDAQ: ERTS) posted better-than-expect earnings (Reuters) Analysts are concerned that slow holiday sales of…
Updated throughout the day. Chrysler and Fiat will merge soon (Reuters) Walmart (NYSE: WMT) will launch a new streaming movie service (various) The USPS will announce closing of as many 3,000 offices…
Douglas A. McIntyre Germany and France reached a deal on how to handle the Greek debt crisis (MarketWatch) China’s PMI growth rate slowed to the lowest level since July 2010 (MarketWatch) Apple (NASDAQ: AAPL) may…
