In what could be a brilliant move if the recession and drop in retail sales worsen, Target (TGT) has agreed tot sell $3.6 billion of its credit card loan portfolio to JP…
Most large corporations amplify the distrust that the common man has for them by making misstatements from time to time. It is Wal-Mart’s (WMT) turn in the gauntlet of public opinion. The…
"The current financial crisis is the most serious since the second world war, and perhaps since the Great Depression."–The London Observer, March 23, 2008 Many investors find it hard to believe that…
According to Reuters, regulators unveiled a plan to toughen rules for mortgage brokers. Reuters writes that Yahoo! (YHOO) and Microsoft (MSFT) have begiin informal discussion about the buy-out. Reuters reports that IACI…
Target (NYSE: TGT) has a huge credit card business. In the current economy, that may not be perfect positioning. The value of the portfolio at the unit is $8 billion. A financial…
Douglas A. McIntyre According to Reuters, Paulson will try to tighten rules at the state and federal levels to tighten mortgage standards. Reuters writes that Carlyle Capital was unable to reach a deal with it…
According to Reuters, Goldman Sachs says the Fed may make an emergency rate cut. Reuters writes that Nokia (NOK) is likely to sell down now that information from chip company Texas Instruments…
On Tuesday morning we’ll get to see earnings out of Target Corp. (NYSE: TGT). The estimates for the food and merchandise discount store giant from First Call are $1.22 EPS on $20…
Douglas A. McIntyre These are the early bird analyst calls we are focusing on this Thursday morning at 247WallSt.com: Agnico-Eagle Mines Ltd. (NYSE: AEM) cut to Neutral at UBS. Allscripts (NASDAQ: MDRX) raised to Buy…
Tuesday we’ll get to see earnings out of Wal-Mart Stores Inc. (NYSE: WMT). The estimates from First Call are $1.02 EPS on $106.9 billion in revenues. Next quarter estimates are $0.74 EPS…
Sears (SHLD) has begun to hire some heavy hitters to run its online operations. Since the company does not do a very good job of selling merchandise in its stores, perhaps it…
Wal-Mart (NYSE: WMT) is managing to actually hold up well in an environment where almost all retail and consumer discretionary stocks are stinking up the stock exchanges. It seems that whether you…
Liz Clairborne Inc. (NYSE: LIZ) has made a key hire that might get some notice or kudos if it was a different environment. It appears that Liz has poached away Isaac Mizrahi…
When an industry says it is in a state of disarray, investors may want to head for the hills. As the National Retail Federation began its annual meeting, one of its consultants…
According to Reuters, Capital One has warned that it will have lower than expected earnings. Reuters reports that Goldman Sachs (GS) sees a recession this year. Reuters reports that Tata (TTM) has…
