Earnings season is all but over and only the tail end of the quarterly and off-calendar reporting outfits are still reporting earnings. Still, the coming week does have several key earnings reports…
The hostile takeover offer from a division of Icahn Enterprises LP (NYSE: IEP) for Commercial Metals Co. (NYSE: CMC) has been expired at midnight last night with only 23% of shares tendered…
Markets opened lower today and of the three major indexes, only the S&P 500 was able to break through to positive territory and stay there for most of the day. The DJIA…
The board of Olympus may resign by late February. (Reuters) China says its annual rate of growth slowed between October and November. (Reuters) Congress pressures the CFTC for stronger regulation after the…
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:…
S&P may cut its outlook on France’s AAA debt. (Reuters) A judge blocks the $285 million settlement between Citigroup (NYSE: C) and the SEC. (Reuters) Amazon.com (NASDAQ: AMZN) says Kindle sales rose…
Reported strong consumer spending over the Thanksgiving holiday weekend pushed stocks up sharply at the opening this morning and gains have been held throughout the day. New home sales figures were slightly…
Commercial Metals Co. (NYSE: CMC) is up nearly 23% on more than 6 times normal daily volume shortly before noon today. Shares are trading at $14.04, following a takeover offer of $1.73…
After considering the comments made, it its difficult to tell whether Moody’s recent announcement of a pending downgrade of AK Steel Holding Corporation (NYSE: AKS) is company-specific or motivated by a downbeat…
Earnings season is supposed to be over. Guess again. This coming week is going to feel like the earnings floodgates are open and the companies reporting have market-moving and sector-moving abilities. Monday…
These are the early analyst downgrades and cautious research calls seen from Wall Street firms this Wednesday morning: Alcatel-Lucent (ALU) downgraded to Neutral at RW Baird. Cintas (CTAS) downgraded to Underperform at…
It is a bit surprising when you see a firm like Goldman Sachs downgrade many key steel stocks after their shares have fallen by so much. That is what we are seeing…
These are ten of the top analyst calls we are seeing this Monday morning: American International Group (NYSE: AIG) Cut to Neutral from Buy at Goldman Sachs. Build-A-Bear Workshop (NYSE: BBW) Cut…
Goldman Sachs is out with a call raising its steel company earnings targets after above expectation steel prices and tighter supplies that represent a physical steel shortage. It sees some US steel…
