Short sellers were figuring that after the bank rally late last month, banks shares were likely to give back some gains. That was working until Wells Fargo (WFC) reported that it would…
These are some of the top pre-market analyst downgrades and negative research calls we have seen from Wall Street early this Thursday morning with about two hours until the market opens: Advance…
According to Reuters, the Obama financial reforms face a bumpy road. Reuters reports that the NY State Attorney General has subpoenaed AIG (AIG) over its CDS contracts. Reuters reports that Obama’s financial…
As the number of people who are willing to drive to a store to pick up a movie dwindles, so does Blockbuster’s (BBI) chances of staying alive. Blockbuster has tried to remedy…
Sony (SNE) and Google (GOOG) plan to launch a partnership to challenge to Amazon’s (AMZN) modestly successful e-book reader. According to The Wall Street Journal, the project will “give users of the…
According to Reuters, the Fed’s plans to buy Treasuries is like a program called “Operation Twist” which was part of the agencies effort to help the economy almost fifty years ago. Reuters…
According to Reuters, AIG (AIG) will have to pay taxpayers back for bonuses it paid out before it can get its next $30 billion in loans. Reuters reports that Coke (KO) is…
Discovery Communications, Inc. (Nasdaq: DISCA, DISCB, DISCK) has filed a patent infringement suit against Amazon.com, Inc. (NASDAQ: AMZN) regarding the Amazon Kindle e-book reader.
Piper Jaffray is upgrading Amazon.com (Nasdaq: AMZN) today from Neutral to Buy and boosting its price target from $55 to $81, saying “The Party Is Just Getting Started.” On the upgrade, Piper…
Douglas A. McIntyre These are some of the top pre-market early bird analyst upgrades and downgrades from Wall Street this Monday morning: Amazon.com (AMZN) Raised to Buy at Piper Jaffray. Best Buy (BBY) Raised to…
According to Reuters, Obama will start work on getting his healthcare plan passed. Reuters reports that February joblessness is estimated to rise 648,000 for February. Reuters reports that the pick for the…
The Apple (AAPL) iPhone may be good for a lot of things, but reading electronic books is not one of them. The screen on the device is so small that trying to…
According to Reuters, Obama spoke about the economy with optimism as his aides defended the budget. Reuters reports that a Senate panel will question Swiss banking’s secrecy policy. Reuters reports that foreclosures…
According to Reuters, AIG (AIG) will receive as much as $30 billion from the government in a deal which pieces of some of the insurance company will be owned by the Fed.…
Facebook may not make any money, now or in the future. It may only be worth 10% of its maximum valuation of $15 billion. But, in spite of all that it is…