Frank Golhen, via Wikimedia CommonsOne of the reasons that investors look for stocks that may be added to the S&P 500 is that those that are added are immediately bought by portfolio…
David Tepper’s Appaloosa hedge fund is one of the most respected and closely watched funds on Wall Street. Tepper makes frequent appearances on CNBC and Bloomberg TV, and often his comments alone…
Courtesy Volkswagen AGIn the 1970s, the Hertz Global Holdings Inc. (NYSE: HTZ) commercials were all over television. Arnold Palmer and O.J. Simpson would slide into a new rental car and drive off,…
ThinkstockOne of the big reasons that investors look for stocks that may be added to the S&P 500 is that the stocks that make the cut immediately become targeted by portfolio managers…
July 26, 2013: U.S. equity markets opened lower this morning on a day when the only U.S. economic data of note was the revised University of Michigan/Thomson Reuters consumer sentiment index, which…
ThinkstockHertz Global Holdings Inc. (NYSE: HTZ) is joining the ranks of large companies with private equity backers selling out. A huge offering took place after the sale of a whopping 49,800,405 shares…
U.S. equity markets opened mixed this morning as investors weighed conflicting data from the U.S., Europe, and Asia. In Europe, retail sales declined more than expected in Germany, Italy’s unemployment rate remained…
U.S. equity markets opened higher this morning after the U.S. Department of Commerce reported that personal income and spending both rose by 0.2%, which was slightly higher than expected for spending and…
Jon OggThese are some of this Thursday’s top analyst upgrades, downgrades and initiations seen from Wall St. research calls. American Water Works Co. Inc. (NYSE: AWK) cut to Neutral at Citigroup. Angie’s…
U.S. equity markets opened higher this morning as they awaited results from the Italian elections. Early exit polls had the center-left party of Pier Luigi Bersani in the lead, but as returns…
U.S. equity markets opened higher this morning following a two-day run of losses. No significant data was scheduled to be released in the U.S. today, so investors were guided by corporate earnings…
courtesy of AOLAs a Justice Department investigation of Deepwater Horizon continues, BP PLC (NYSE: BP) may pay a record fine for the results of the disaster. (Reuters) Qatar says it would back…
Courtesy of The Washington Post CompanyGroupon Inc. (NASDAQ: GRPN) is in increasing trouble as its business falls. (Reuters) Wal-Mart Stores Inc. (NYSE: WMT) employees will pay more for their medical coverage, and…
U.S. equity markets opened higher following a spate of moderately good news on U.S. employment. The ADP report showed job gains (more coverage here), and the report on new claims for unemployment…
U.S. equity markets re-opened for business in New York this morning after a two-day shutdown forced by Hurricane Sandy. Markets opened higher, but lost their energy by mid-morning. Asian markets were higher…
