Citi upgrades American Express (NYSE: AXP) from Sell to Hold. Price target increased from $9 to $16. Citi analyst says, “Given the stock performance over the past four months (shares down 40%)…
Douglas A. McIntyre These are some of the top analyst upgrades or positive initiations we have seen early this morning with about two hours until the open: Adobe Systems (ADBE) Raised to Outperform at RBC.…
These are some of the top pre-market analyst downgrades or cautious calls we have seen from Wall Street firms early this Wednesday morning: American Express (AXP) Cut to Underweight at JPMorgan. Atmel…
These are the top pre-market analyst downgrades and negative calls from Wall Street that we have seen this Wednesday morning: American Express (AXP) Cut to Sell from Neutral at Goldman Sachs. Autodesk…
On CNBC’s Stop Trading segment today, Jim Cramer said that he ran the worst case scenario on all of the DJIA components, and the worst level he can come up is 5,320. …
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.…
Everyone wants to know what the Oracle of Omaha is up to. The great Berkshire Hathaway Inc. (NYSE: BRK-A) stock has proven to be far from immune to the woes of the…
At American Express (AXP) customers are not called customers. They are called “members.” Warren Buffett has probably been a member since 1955. George Soros may go all the way back to 1950.…
Douglas A. McIntyre It’s that time again. Warren Buffett and Berkshire Hathaway, Inc. (NYSE: BRK-A) have filed with the SEC showing what the Oracle of Omaha owns in public stocks as of the quarter or…
According to Reuters, American Express (AXP) earnings dropped 72% but still beat expectations. Reuters writes that Geithner was confirmed to be Treasury Secretary. Reuters reports that people lost confidence in business globally…
American Express Company (NYSE: AXP) posted earnings from continuing operations of $0.21EPS, down about a 70% year-over-year decline. Revenue plunged 11% to $6.51 billion. First Call expectations were $0.22 EPS and $7.22…
Douglas A. McIntyre Today’s market looked more like an advanced yo-yo session rather than a regular stock market trading day. Since stocks gapped down so much, there were many new names on the list of…
Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) does not go for short-term gains, and short-term losses are part of the game for investing. Warren Buffett has even told employees to only to…
According to Reuters, authorities do not think Madoff could have acted alone. Reuters show that the US is sinking deeper into recession. Reuters reports that the SEC defended it response to the…
American Express (AXP) is still paying its $.18 dividend. The company will fire about 7,000 people and chop other costs to save $1.8 billion next year. Last quarter AXP did relatively well,…
Douglas A. McIntyre 