The major US stock indexes opened lower this morning following dismal reports from Europe on manufacturing (our coverage here) and unemployment (more coverage here). The ADP report on US unemployment provided more…
We have noted that this week should be the climax of the companies reporting earnings which have a calendar or quarterly year-end in December. Still, some reports are still coming this week…
Commercial Metals Corp. (NYSE: CMC) announced this morning that its board of directors had unanimously rejected an unsolicited bid of $15/share ($1.73 billion total) from Carl Icahn and Icahn Enterprises LP (NYSE:…
Stock markets. Equity markets opened sharply higher this morning before falling into negative territory before the ISM and factory order reports were released. The ISM index came in lower than expected, but factory…
These are some of Thursday’s top analyst upgrades, downgrades, and initiations seen from Wall Street research calls. Annaly Capital Management, Inc. (NYSE: NLY) Raised to Outperform at Wells Fargo. Boston Scientific Corp. (NYSE:…
Today’s reported ratings actions as of just after noon include announcements regarding Clorox Co. (NYSE: CLX), Home Depot, Inc. (NYSE: HD), HCA Inc. (NYSE: HCA), Gannett Co. Inc. (NYSE: GCI), Archer Daniels…
Research In Motion Limited (NASDAQ: RIMM) has joined Palm in the quest to innovate and then to allow the market to rapidly pass it by. Apple Inc. (NASDAQ: AAPL) and Google Inc.…
In tough times, value investors look for stocks that they feel are valued in a manner which already discount much of the trouble and pitfalls ahead. Defensive stocks are often the winners…
Carl Icahn’s investment in Clorox (NYSE: CLX) has begun to look like one more in a long line of blunders. The share price of the company reached $74.55 when he offered to…
U.S. regulators may ask high-frequency trading firms to provide details of their trades. (Reuters) The Federal Reserve tells Goldman Sachs (NYSE: GS) it must review its foreclosure records. (Reuters) Experts cut expectations…
Investor Carl Icahn has agreed to sell his stake in Lions Gate Entertainment Corp. (NYSE: LGF) at a discount to yesterday’s closing price of $7.52. That announcement came shortly after Icahn also…
We have another very busy earnings week ahead for the second quarter reporting season. Some are DJIA components and some are sector-movers or market-movers. We are tracking earnings and giving previews for…
The number of stocks that made substantial gains for the week was limited. The great exception to that rule was Petrohawk Energy Corporation Co (NYSE: HK) which jumped 62.5% on Friday after…
Wikimedia Commons (Adina Firestone)13D filings are often full of surprises, and this morning is no exception. Carl Icahn has an amended filing this morning regarding his 9.4% stake in Clorox Corporation (NYSE:…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Wednesday morning. American International Group, Inc. (NYSE: AIG) Started as Neutral at Goldman…
