6:34am ET
Media
Media Digest (5/1/2012) Reuters, WSJ, NYT, FT
China’s PMI rises to a 13-month high. (Reuters) BP (NYSE: BP) profits fall as it sells some assets to pay for the Gulf spill. (Reuters) New York state pension funds vote against…
BAC Coverage Page 81
6:13am ET
Banking, finance, and taxes
Bank Of America Readies More Job Cuts
The Wall Street Journal reported a rumor that Bank of America (NYSE: BAC) will cut as many as 2,000 jobs primarily at its investment bank and commercial units. If this happens it…
6:07am ET
Investing
What’s Important in the Financial World (5/1/2012) Financials Lift DJIA for Q1, Bank of America Layoffs
BP’s (NYSE: BP) profits fell as it continues to struggle with the Deepwater Horizon catastrophe. The incident and subsequent oil spill may cost the UK company as much as $20 billion in settlements with…
7:08am ET
Investing
Sell In May And Go Away? A 2012 Primer (BAC, JPM, GE, AA, CAT, MSFT, INTC, AAPL, XOM, CVX, DD)
Jon OggIt is that time of year again. It is time to ponder the theory of pricing in a summer slowdown, whether it actually happens or not. In short, is time to…
7:01am ET
Investing
Short Interest Changes in Cult Stocks and Controversial Stocks (ALU, STD, BAC, BKS, DNDN, DMND, FSLR, GMCR, GRPN, HGSI, LNKD, NFLX, NOK, RSH, RIMM, SIRI)
Jon OggThere are more changes in the short interest of some of the key cult stocks and most actively traded and controversial stocks. The start of earnings season may have influenced the…
6:36am ET
Media
Media Digest (4/25/2012) Reuters, WSJ, NYT, FT, Bloomberg
A judge objects to parts of an AIG (NYSE: AIG) suit to block a Bank of America (NYSE: BAC) settlement over mortgage bond sales. (Reuters) Apple’s (NASDAQ: AAPL) earnings are better than…
4:05pm ET
Investing
24/7 Wall St. Closing Bell (BAC, CHK, SAM, ERJ, PAA, GE, MCD, KMB, ALK, ALTR, COF, HBI, SNDK, KEY, AEP, CP, CTIC, RCL, PCX, RVBD, RMBS)
Markets opened higher this morning although a decline in tech stocks weighed on the Nasdaq, leaving the index with only a small gain going into the last hour of trading. Energy stocks…
8:31am ET
Investing
Top Analyst Upgrades & Downgrades (ALTR, BAC, SAM, CHK, CRUS, ERJ, EZPW, GTE, XXIA, LL, MYGN, NXY, OKE, PAA, RVBD, SNDK, SYNM)
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Friday. Altera Corporation (NASDAQ: ALTR) Cut to Neutral at Citigroup. Bank of America Corporation…
6:35am ET
Investing
Splunk Underwriters Did Huge Disservice (SPLK, MS, CS, JPM, BAC)
Splunk Inc. (NASDAQ: SPLK) was touted as a hot IPO but became a sizzling hot IPO. The company priced 13.5 million shares at $17.00 per share, but this was a premium to the…
7:36am ET
Banking, finance, and taxes
BofA Earnings Masked in Items, Huge Discount to Book Value (BAC, C, FAS)
Bank of America Corporation (NYSE: BAC) has reported its earnings and the headline numbers may look like a disappointment at $0.03 EPS from its $653 million in earnings. Revenue was $22.5 billion…
6:46am ET
Banking, finance, and taxes
What Happens to Warren Buffett’s Top 10 Performing Stocks of 2012? (BRK-B, BRK-A, USG, IR, MCO, AXP, WFC, V, BK, VRSK, INTC, MA, AAPL, JNJ, BAC)
Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) will be in the news quite a bit now that the world’s most famous investor, chairman Warren Buffett, has been diagnosed with prostate cancer. We…
8:45am ET
Energy
Chesapeake Files Registration for Spin-off (CHK, GS, BAC)
Chesapeake Energy Corp. (NYSE: CHK) will spin-off its wholly-owned oilfield services business into a new company to be called Chesapeake Oilfield Services Inc., which will trade on the NYSE under the stock…
12:30pm ET
Investing
The Top 10 Earnings Remaining This Week (INTC, IBM, JNJ, KO, BAC, MSFT, VZ, AEP, GE, MCD)
Last week may have been the official start of earnings season, but this week is when the real floodgates for earnings reports will open wide. Citigroup Inc. (NYSE: C) has already reported…
6:34am ET
Media
Media Digest (4/16/2012) Reuters, WSJ, NYT, FT
Concerns about Spain and Italy renew capital markets’ rejection of area debt. (Reuters) Best Buy (NYSE: BBY) will have to bring in an outsider to change the company’s old philosophy. (Reuters) The…
1:10pm ET
Investing
Top DJIA Earnings Previews For The Week Ahead (C, INTC, IBM, JNJ, KO, AXP, BAC, DD, MSFT, TRV, VZ, GE, MCD)
Earnings season may be underway, but this coming week is going to be full of many key earnings reports. We actually have a full slate on deck with what appears to be…