ThinkstockAuto parts retailer The Pep Boys – Manny, Joe & Jack (NYSE: PBY) has agreed to be acquired by private equity firm The Gores Group for $1 billion cash, or $15/share. The…
The logic from technical traders is simple: “Stocks hitting new highs tend to keep hitting new highs.” Eventually that comes to an end, sometimes a painful end. Until that end arrives it…
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…
Pre-market signals were weak today, and once trading opened, the signals got stronger. The DJIA has traded down more than -200 points for most of the day, with financial and energy stocks…
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…
These are this Monday’s top analyst upgrades, downgrades, and initiations seen from Wall Street research calls: Ciena Corp. (NASDAQ: CIEN) Started as Buy at Auriga. DryShips (NASDAQ: DRYS) Raised to Buy at…
These are the top pre-market analyst upgrades and downgrades we have seen with just about two hours until the market opens this Monday morning: Agilent (A) Raised to Outperform at Credit Suisse.…
These are te upgrades and positive research calls that we have seen from Wall Street this Wednesday morning: Advance Auto Parts (AAP) Started as Outperform at Baird. AutoZone (AZO) Started as Outperform…
The stock market may be hitting lows not seen in more than a decade. What is amazing is that there are actually several companies hitting 52-week highs today. Companies featured are Applied…
These are the top pre-market analyst downgrades and negative research calls we have seen this Friday morning: Adobe (ADBE) Cut to Market Perform at Wachovia. Autodesk (ADSK) Cut to Hold at KeyBanc.…
It is fairly thin in analyst coverage today, but these are some of the Friday morning analyst calls we are seeing before the open: Amedisys (AMED) Started as Outperform at Baird. Concur…
These are some of the early analyst upgrades or positive calls we are seeing this Wednesday in early pre-market hours: Dollar Tree (DLTR) Raised to Buy at S&P. Hutchinson Telecom (HTX) Raised…
O’Reilly Automotive, Inc. (NASDAQ: ORLY) has announced that it and CSK Auto Corporation (NYSE: CAO) have signed a definitive merger agreement. O’Reilly will acquire CSK in a transaction valued at approximately $1…
Douglas A. McIntyre 
