Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Tuesday. Ace Ltd. (NYSE: ACE) Started as Buy at Stern Agee. American International…
Last week Avis Budget Group Inc. (NASDAQ: CAR) raised its first quarter adjusted EPS estimate from a loss of -$0.19 to a gain of $0.13. Apparently no one believed the company because…
Car rental firm Avis Budget Group Inc. (NASDAQ: CAR) revised its first quarter and full-year forecasts sharply this morning, putting a bit of fuel in the tanks of competitors Hertz Global Holdings…
Stocks opened higher this morning following upbeat reports on unemployment claims and new housing starts. With a little more than a half hour left in today’s session, all three indexes have made…
The three major US equities indexes opened higher this morning following good news from both the employment and the housing fronts. Ratings reviews of several major banks had caused some concern in…
The month of December was the leading month for new car sales in the US in 2010. It was the second leading month in 2009, and the pattern could continue this year…
About three weeks ago, we looked at target prices and implied share price gains in a number of auto sector stocks. The quarterly earnings season had just begun, and hopes were pretty…
New car sales in September are estimated to have risen 19% year-over-year, though down -5.5% sequentially. The seasonally adjusted annual rate of new car sales is now set at about 12.9 million…
In late August, Dollar Thrifty Automotive Group Inc. (NYSE: DTG) demanded that its suitors, Hertz Global Holdings, Inc. (NYSE: HTZ) and Avis Budget Group Inc. (NYSE: CAR), make an offer that eliminated…
Zipcar (NASDAQ: ZIP) brought new convenience to the car rental market, but whatever moat it created has been damaged by the actions of America’s largest car companies and their car rental partners.…
Jon OggThese are some of this Monday’s top analyst upgrades, downgrades, and initiations seen having an impact from Wall Street research calls. Applied Materials Inc. (NASDAQ: AMAT) Cut to Sell at Goldman…
UBS (NYSE: UBS) trader loses $2 billion in unapproved trades. (Reuters) The head of the World Bank says the global economy has entered a danger zone. (Reuters) General Motors (NYSE: GM) and…
The Federal Reserve to make a modest number of steps to keep the economy moving higher. (Reuters) Wall St. layoffs, already begun, will hurt morale as the industry tries to recover. (Reuters)…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Monday morning. Avis Budget Group, Inc. (NYSE: CAR) Reiterated Strong Buy at Zacks.…
Microsoft (NASDAQ: MSFT) is close to a purchase of Skype for $7 billion (WSJ) Microsoft is close to an $8.5 billion deal to buy Skype (Reuters) PIMCO increased its short position in…
