According to Reuters, Bernanke says he was encouraged by the stress tests. Reuters reports that GM (GM) will probably exit the Dow. Reuters writes that Bank of America (BAC) will probably sell…
Investor Bill Ackerman, who has held an investment in Target (TGT) for almost two years and has lost a great deal of money in the process, wants to replace part of the retailer’s…
These are some of the top pre-market analyst upgrades we have seen with about two and a half hours until the market opens this Friday morning: Costco Wholesale Corp. (COST) Started as…
According to Reuters, GM (GM) has been told by Treasury to begin work on a bankruptcy. Reuters reports that China’s growth has started to move inland from the coast. Reuters reports that…
Bill Ackman’s Pershing Square’s fund that invests solely in Target (NYSE: TGT) saw its value gain 48% in March. For the month of March, Target saw its shares rise by 21%, but…
Douglas A. McIntyre The assumption is that the earnings for the first quarter from most companies in the S&P 500 will be atrocious. That can be set side-by-side with the fact that the market now…
The person who first said that a chain is only as strong as its weakest link has never lifted a V8 out of a Ford Mustang. But, the analogy works in most…
According to Reuters, Obama faces backlash due to AIG (AIG) compensation issues which could set bank his efforts to salvage the financial system. Reuters reports that Lehman will put two of its…
This week 24/7 Wall St. is picking several stocks from major sectors that are likely to double off of their lows we have recently seen. Today, let’s discuss the retail sector. We…
Over the last week, the 24/7 Wall St.–Channel Checkers Survey questioned 30 Target (TGT) stores about their sales trends. Based on the results, Target is doing better than most analysts had expected.…
Douglas A. McIntyre Short sellers may have taken a bath in companies such as Citigroup (C) and GE (GE), but they increased investments in many companies to record levels. At the end of February, shares…
In an amended 13D filing on Target (NYSE: TGT), Bill Ackman’s Pershing Square Capital, a 7.8% shareholder, disclosed they are currently engaged in discussions with the company regarding the consideration by the…
Douglas A. McIntyre JNJ Short sellers are not willing to bet that shares in large retailers or consumer products companies will go any lower. The are gambling that consumer spending has bottomed. Shares short in…
Pershing Square’s William Ackman set up a hedge soley to invest in Target Corp (NYSE: TGT). As you can imagine, this hedge fund has taken a real beating. In fact, just in…
Douglas A. McIntyre There are an extremely small number of companies which are likely to do relatively well during the recession, either because they are the market share leaders in their industries by a wide…
