These are some of the top downgrades and negative research calls we have seen from Wall Street analysts this Friday morning: AbitibiBowater (ABH) Cut to Underperform at Raymond James. Amcore Financial (AMFI)…
KeyBanc is lowering estimates and price targets for payment processors, including MasterCard (NYSE: MA) and Visa (NYSE: V). The firm said they are taking a far more cautious approach than the Street…
How can the worst retail holiday season in years get worse? It can become the worst holiday season since anyone kept accurate records. There have been signs for several weeks that e-commerce…
According to Reuters, as investors moved to cash, oil has come down, but that is not likely to last. Reuters writes that data from MasterCard (MA) shows holiday spending may have dropped…
Just when credit card issuers from Mastercard (MA) to Citigroup (C) need the extra money due to deadbeats, the federal government is going to make it hard for them to get it.…
According to Reuters, the House passed a $14 billion bailout bill. Reuters reports that according to Mastercard (MA) retail sales fell sharply in November. Reuters writes that Congress criticized Treasury over its…
Mastercard (MA) has a unit which tracks retail sales. The numbers that it posted for November are almost too horrible to believe. According to The Wall Street Journal, new data from MasterCard…
Douglas A. McIntyre According to Reuters, a bailout of US car companies gained support in Congress as GM (GM) and Chrysler said they needed money immediately to stay in business. Reuters reports that Merrill will…
According to Reuters, the US government gave Citigroup (C) a bailout worth over $300 billion. Reuters reports that the rescue of Citi failed to dispel concerns about the financial market as some…
The "Whos" down in "Whoville" has better watch themselves. The Grinch will steal Christmas. But, unlike the ending of the Dr. Seuss book, it won’t be given back to them at the…
Douglas A. McIntyre According to Reuters, Obama won the race for US president Reuters reports that stock index futures were steady after the Obama win.
According to Reuters, Australia cut key interest rates. Reuters reports that a large Goldman Sachs (GS) fund lost $1 billion in the first ten months of the year. Reuters writes that the…
According to Reuters, GM (GM) and Chrysler have asked the government for $10 billion to close their merger. Reuters reports that Boeing (BA) and its machinists have entered into a tentative labor…
These are some of the top analyst upgrades we are seeing in early hours of pre-market trading this Tuesday morning: AON Corp. (AOC) Raised to Buy at Goldman Sachs Bank Of America…
Economists thought the consumer was heading toward the exits. Actually, based on new data, he left the building. According to Reuters, the Mastercard Advisors service reported that "Overall September apparel sales fell…
Douglas A. McIntyre 