BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2009 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Cramer on BloggingStocks: The Fed's push for TARP payback ]]>http://www.bloggingstocks.com/2009/11/24/cramer-on-bloggingstocks-the-feds-push-for-tarp-payback/http://www.bloggingstocks.com/2009/11/24/cramer-on-bloggingstocks-the-feds-push-for-tarp-payback/http://www.bloggingstocks.com/2009/11/24/cramer-on-bloggingstocks-the-feds-push-for-tarp-payback/#commentsFiled under: , , , , , , , ,

TheStreet.com's Jim Cramer says the sooner banks repay TARP, the more likely they will power higher in 2010.

The Federal Reserve wants higher stock prices. That's all I can think of when I see that it wants repayment plans into place for the big banks such as Bank of America (BAC) (Cramer's Take), PNC (PNC) (Cramer's Take), Citigroup (C) (Cramer's Take), Fifth Third (FITB) (Cramer's Take), Wells Fargo (WFC) (Cramer's Take), Regions Financial (RF) (Cramer's Take), SunTrust (STI) (Cramer's Take) and KeyCorp (KEY) (Cramer's Take), all names that haven't repaid the Troubled Asset Relief Program yet.

Why would these plans bring about higher prices?

Continue reading Cramer on BloggingStocks: The Fed's push for TARP payback

Cramer on BloggingStocks: The Fed's push for TARP payback originally appeared on BloggingStocks on Tue, 24 Nov 2009 09:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredfitbjim cramerJimCramerkeypncstiTue, 24 Nov 2009 09:30:00 EST<![CDATA[Ken Lewis says he could stay on as CEO indefinitely]]>http://www.bloggingstocks.com/2009/11/21/ken-lewis-says-he-could-stay-on-as-ceo-indefinitely/http://www.bloggingstocks.com/2009/11/21/ken-lewis-says-he-could-stay-on-as-ceo-indefinitely/http://www.bloggingstocks.com/2009/11/21/ken-lewis-says-he-could-stay-on-as-ceo-indefinitely/#commentsFiled under: ,

After previously announcing that he would leave the CEO post in December, Bank of America (BAC) head Ken Lewis is backpedaling in light of the company's difficulty in finding a replacement.

The Wall Street Journal (subscription required) reports that Mr. Lewis "has said he would consider postponing his retirement if directors need more time to find a successor or smooth the transition to the next CEO, according to a person close to him."

Continue reading Ken Lewis says he could stay on as CEO indefinitely

Ken Lewis says he could stay on as CEO indefinitely originally appeared on BloggingStocks on Sat, 21 Nov 2009 13:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>BACBank of AmericaBrian MoynihanGregory CurlinthenewsKen LewisSat, 21 Nov 2009 13:40:00 EST<![CDATA[Ken Lewis' successor could be... Ken Lewis?]]>http://www.bloggingstocks.com/2009/11/20/ken-lewis-successor-could-be-ken-lewis/http://www.bloggingstocks.com/2009/11/20/ken-lewis-successor-could-be-ken-lewis/http://www.bloggingstocks.com/2009/11/20/ken-lewis-successor-could-be-ken-lewis/#commentsFiled under:

In the past, I've covered Rochdale Securities analyst Dick Bove's inane ramblings about how fantastically awesome Bank of America (NYSE: BAC) CEO Ken Lewis is. Last month he called Mr. Lewis "phenomenally good" and his notes to investors are beginning to have more in common with 12-year old girls' Valentines to Zac Efron than conventional research.

But he has outdone himself this time. While Bank of America's chairman of the board goes on a cruise instead of devoting all his energy to finding a successor, Mr. Bove has found the solution to replacing Ken Lewis: "In sum, Mr. Lewis was a key architect in the creation and management of Bank of America. He knows this company better than anyone else and he knows how to operate it," Bove wrote in a research note issued this morning. "At this point in the company's history, this is the type of leader needed. Convincing him to return would be the biggest morale builder that management could get."

Continue reading Ken Lewis' successor could be... Ken Lewis?

Ken Lewis' successor could be... Ken Lewis? originally appeared on BloggingStocks on Fri, 20 Nov 2009 17:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>BACBank of AmericaBankOfAmericadick boveDickBoveken lewisKenLewisrochdale securitiesRochdaleSecuritiesFri, 20 Nov 2009 17:00:00 EST<![CDATA[Chasing Value: E-Trade, a word of caution]]>http://www.bloggingstocks.com/2009/11/20/chasing-value-e-trade-a-word-of-caution/http://www.bloggingstocks.com/2009/11/20/chasing-value-e-trade-a-word-of-caution/http://www.bloggingstocks.com/2009/11/20/chasing-value-e-trade-a-word-of-caution/#commentsFiled under: , , , , , , , ,

Look before you leap! All year long rumors have been swirling around that E*TRADE (ETFC) was on the auction block being prepared for an acquisition by a bigger fish interested in its customers and superior trading platform. I have not used E-TRADE so I do not have first hand experience. However, this has been acknowledged broadly and I have received very positive comments from regular users when I have written about it.

The leading suitor seems to be TD AmeriTrade Holding (AMTD), with Charles Schwab Corp (SCHW) mentioned as perhaps having similar but less conspicuous interest. For Schwab it may be as much about keeping E-TRADE out of a competitors hands as chasing the business.

Continue reading Chasing Value: E-Trade, a word of caution

Chasing Value: E-Trade, a word of caution originally appeared on BloggingStocks on Fri, 20 Nov 2009 13:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AMTDBACbank of americaBankOfAmericacharles schwabCharlesSchwabchasing valueChasingValuee-tradeETFCfeaturedOptionsSCHWsheldon liberSheldonLibertd ameritradeTdAmeritradeWells FargoWellsFargoWFCFri, 20 Nov 2009 13:40:00 EST<![CDATA[CEO turnover down, not out]]>http://www.bloggingstocks.com/2009/11/13/ceo-turnover-down-not-out/http://www.bloggingstocks.com/2009/11/13/ceo-turnover-down-not-out/http://www.bloggingstocks.com/2009/11/13/ceo-turnover-down-not-out/#commentsFiled under: , , ,

It's still a tough time to be a CEO. In October, 89 top dogs moved on (by choice or not). Though this is 15% lower than the 105 in September and 29% off the whopping 125 CEOs who turned over a year earlier, it's still a sign that "stability" doesn't equal "recovery."

The latest study that Challenger, Gray & Christmas revealed to BloggingStocks reports that October was the eighth month this year in which CEO turnover was down year-over-year. Through the end of last month, 1,028 CEO positions changed hands -- down 18% from the 1,257 by the same point in 2008. In fact, the tally for the first 10 months of 2009 is the lowest since 2004, when the big office found only 561 new inhabitants.

The financial industry remains the toughest place for CEOs, with 19 leaving the job last month. Even though the situation has gotten easier, this industry still has the highest turnover. For the year, approximately 10% of all CEO departures (106) have been in the financial sector. "The financial industry is still incredibly volatile, as both October and September saw major announcements from leading companies including JP Morgan Chase (JPM), Bank of America (BAC) and last month's bankruptcy of CIT Group, which led to the exit of CEO Jeffrey Peek," John A. Challenger, chief executive officer of Challenger, Gray & Christmas, says.

Continue reading CEO turnover down, not out

CEO turnover down, not out originally appeared on BloggingStocks on Fri, 13 Nov 2009 16:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bank of americaBankOfAmericaceoceo compensationceo payceoschallenger gray christmasChallengerGrayChristmascit groupexecutive compensationexecutive payexecutive salaryfinancial industryinthenewsjeffrey peekJeffreyPeekjpmjpmorganjpmorganchasejpmorganchasejpmturnoverFri, 13 Nov 2009 16:40:00 EST<![CDATA[rue21 tries on an IPO]]>http://www.bloggingstocks.com/2009/11/13/rue21-tries-on-an-ipo/http://www.bloggingstocks.com/2009/11/13/rue21-tries-on-an-ipo/http://www.bloggingstocks.com/2009/11/13/rue21-tries-on-an-ipo/#commentsFiled under: , , ,

The teen market can be extremely difficult and competitive, especially with the fickle changes in tastes. But, rue21 has been able to beat the odds and as a result, has become a strong growth company.

To continue the momentum, rue21 launched its IPO today. The company issued 6.77 million shares at $19 each (the price range was $16 to $18). The lead underwriters included BofA Merrill Lynch (BAC), Goldman Sachs (GS) and J.P.Morgan (JPM).

Interestingly enough, rue21 has a spotty past. Keep in mind that in 2002 the company filed for bankruptcy. However, a new management team has certainly made the right moves to get things back on track.

Continue reading rue21 tries on an IPO

rue21 tries on an IPO originally appeared on BloggingStocks on Fri, 13 Nov 2009 14:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>inthenewsIPOsrue21Fri, 13 Nov 2009 14:40:00 EST<![CDATA[Closing Bell: Can't go up every day (BAC, HE, HPW, COMS, BRCD, WMT, AMD)]]>http://www.bloggingstocks.com/2009/11/12/closing-bell-cant-go-up-every-day-bac-he-hpw-coms-brcd-w/http://www.bloggingstocks.com/2009/11/12/closing-bell-cant-go-up-every-day-bac-he-hpw-coms-brcd-w/http://www.bloggingstocks.com/2009/11/12/closing-bell-cant-go-up-every-day-bac-he-hpw-coms-brcd-w/#commentsFiled under: , , , ,

Jobless claims almost went under 500,000 and gave one of the lowest readings this year. Unfortunately that wasn't enough for the market because these likely need to get under 400,000 or so before unemployment will stop rising. Oil inventories took some fuel from oil, but the weak 30-Year Treasury auction and the government's budget deficit kept the six day rally from turning into a 7-day rally.

Here were today's unofficial closing bell levels:

Dow 10,197.47 -93.79 (-0.91%)
S&P 500 1,087.21 -11.30 (-1.03%)
Nasdaq 2,149.29 -17.61 (-0.81%)

Top Analyst Upgrades/Downgrades
Top Day Trader Alerts
Top Stock/Market Rumors

Continue reading Closing Bell: Can't go up every day (BAC, HE, HPW, COMS, BRCD, WMT, AMD)

Closing Bell: Can't go up every day (BAC, HE, HPW, COMS, BRCD, WMT, AMD) originally appeared on BloggingStocks on Thu, 12 Nov 2009 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AMDBACBRCDcharlie gasparinoCharlieGasparinoCOMSHEHPWjon corzineJonCorzineWMTThu, 12 Nov 2009 16:00:00 EST<![CDATA[Bank of America chairman sails away while company seeks new CEO]]>http://www.bloggingstocks.com/2009/11/12/bank-of-america-chairman-sails-away-while-company-seeks-new-ceo/http://www.bloggingstocks.com/2009/11/12/bank-of-america-chairman-sails-away-while-company-seeks-new-ceo/http://www.bloggingstocks.com/2009/11/12/bank-of-america-chairman-sails-away-while-company-seeks-new-ceo/#commentsFiled under: ,

Bank of America (BAC) is in the midst of a frantic search for a CEO to succeed Ken Lewis, who is stepping down before the end of the year.

In an article on Bank of America's murky succession plan, USA Today buries this newsworthy factoid seven paragraphs down. From the "You can't make this stuff up" department:

BofA Chairman Walter Massey, who is leading the search, is currently on vacation on a ship and will not be reachable until Nov. 23, according to Morehouse College, where Massey is president emeritus.

Continue reading Bank of America chairman sails away while company seeks new CEO

Bank of America chairman sails away while company seeks new CEO originally appeared on BloggingStocks on Thu, 12 Nov 2009 12:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>BACBank of AmericaCEOchairmaninthenewsKen LewisreplacementsearchsuccessionWalter MasseyThu, 12 Nov 2009 12:20:00 EST<![CDATA[Former Bank of America director says give CEO job to insider]]>http://www.bloggingstocks.com/2009/11/11/former-bank-of-america-director-says-give-ceo-job-to-insider/http://www.bloggingstocks.com/2009/11/11/former-bank-of-america-director-says-give-ceo-job-to-insider/http://www.bloggingstocks.com/2009/11/11/former-bank-of-america-director-says-give-ceo-job-to-insider/#commentsFiled under:

And now we're back with more from the "Who the hell cares what he thinks?" file:

Former Bank of America (NYSE: BAC) lead director Temple Sloan tells Bloomberg that the company should pick an insider from Bank of America to be its next CEO -- because an outsider wouldn't be familiar with how the company (doesn't) work. He supports handing the job to Brian Moynihan, consumer banking head, or Barbara Desoer, who runs home loans and insurance.

Interesting ideas! Why isn't Mr. Sloan still on the board of directors?

Continue reading Former Bank of America director says give CEO job to insider

Former Bank of America director says give CEO job to insider originally appeared on BloggingStocks on Wed, 11 Nov 2009 15:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>BACBank of AmericaBankOfAmericaBrian MoynihanBrianMoynihaninthenewsmerrill lynchMerrillLynchTemple SloanTempleSloanWed, 11 Nov 2009 15:00:00 EST<![CDATA[Cramer on BloggingStocks: China's industrial focus helps lots of U.S. names ]]>http://www.bloggingstocks.com/2009/11/11/cramer-on-bloggingstocks-chinas-industrial-focus-helps-lots-of/http://www.bloggingstocks.com/2009/11/11/cramer-on-bloggingstocks-chinas-industrial-focus-helps-lots-of/http://www.bloggingstocks.com/2009/11/11/cramer-on-bloggingstocks-chinas-industrial-focus-helps-lots-of/#commentsFiled under: , , , , , , , , , , , , ,

TheStreet.com's Jim Cramer says at least one country is getting it right when it comes to economic stimulus.

How in the heck can you get 16% industrial growth and lower-than-expected consumer price inflation? How is that possible? Yet that's what we saw from China last night, and that's a tonic to pretty much everyone who is waiting for our own stimulus to kick in.

And we need it.

On Monday, Fluor (FLR) (Cramer's Take), the giant construction company, when asked if it could quantify the value of stimulus dollars currently in backlog, said "Really, the only stimulus funding we have seen directly has been the award that we got at Savannah River for some nuclear soil remediation. And, it was, I would say, we're less than $0.5 billion."

Continue reading Cramer on BloggingStocks: China's industrial focus helps lots of U.S. names

Cramer on BloggingStocks: China's industrial focus helps lots of U.S. names originally appeared on BloggingStocks on Wed, 11 Nov 2009 09:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>btubucyfeaturedjim cramerJimCramerjoygrigtexvaleWed, 11 Nov 2009 09:30:00 EST<![CDATA[Bank of America's board of directors fights over Lewis' successor]]>http://www.bloggingstocks.com/2009/11/09/bank-of-americas-board-of-directors-fights-over-lewis-successo/http://www.bloggingstocks.com/2009/11/09/bank-of-americas-board-of-directors-fights-over-lewis-successo/http://www.bloggingstocks.com/2009/11/09/bank-of-americas-board-of-directors-fights-over-lewis-successo/#commentsFiled under: ,

The Bank of America (BAC) travesty of corporate governance continues to grow increasingly tragicomic.

A quick recap: Bank of America's board of directors took way too long to kick CEO Ken Lewis to the curb and now it can't pick a successor because of infighting. Meanwhile, the board and the company's executives -- including those who are being considered for the CEO job -- have made such a mess of the whole thing that no one who isn't already part of the company will consider taking the job.

Charlie Gasparino of CNBC reports:

Continue reading Bank of America's board of directors fights over Lewis' successor

Bank of America's board of directors fights over Lewis' successor originally appeared on BloggingStocks on Mon, 09 Nov 2009 12:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>BACBank of AmericaBrian Moynihaninthenewsken lewisMon, 09 Nov 2009 12:00:00 EST<![CDATA[Ancestry.com explores an IPO]]>http://www.bloggingstocks.com/2009/11/05/ancestry-com-explores-an-ipo/http://www.bloggingstocks.com/2009/11/05/ancestry-com-explores-an-ipo/http://www.bloggingstocks.com/2009/11/05/ancestry-com-explores-an-ipo/#commentsFiled under: , , ,

When it comes to the Internet, few consumers are willing to pay for services -- especially during the current economic hard times. Yet, there are still some websites that are able to get people to fork over their hard-earned money. One example is Ancestry.com (NASDAQ: ACOM), which provides extensive data and tools to research family histories.

In fact, this week the company hit another milestone: an IPO. Ancestry.com issued 7.4 million shares at $13.50 each. The expected price range was $12.50 to $14.50.

Continue reading Ancestry.com explores an IPO

Ancestry.com explores an IPO originally appeared on BloggingStocks on Thu, 05 Nov 2009 10:50:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>acomancestryinitial public offeringInitialPublicOfferinginthenewsipoThu, 05 Nov 2009 10:50:00 EST<![CDATA[Bank of America delays CEO announcement]]>http://www.bloggingstocks.com/2009/11/02/bank-of-america-delays-ceo-announcement/http://www.bloggingstocks.com/2009/11/02/bank-of-america-delays-ceo-announcement/http://www.bloggingstocks.com/2009/11/02/bank-of-america-delays-ceo-announcement/#commentsFiled under:

After taking way too long to send CEO Ken Lewis packing, Bank of America (NYSE: BAC) is now taking way too long to find a successor.

Charlie Gasparino reports that "The board of directors of Bank of America is likely to delay a much-anticipated announcement of a replacement for CEO Ken Lewis until next week, an effort people close to the bank say, to conduct a wide-ranging search for the bank's next leader and appease some investors and analysts who want an experienced outsider to replace Lewis."

The problem is that Bank of America is having trouble finding qualified outside candidates -- because few sane people have a desire to walk into the mess that the current regime at the company has created.

Continue reading Bank of America delays CEO announcement

Bank of America delays CEO announcement originally appeared on BloggingStocks on Mon, 02 Nov 2009 15:40:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>BACBank of AmericaBankOfAmericaMon, 02 Nov 2009 15:40:00 EST<![CDATA[UBS snags Merrill vet to save its wealth management business]]>http://www.bloggingstocks.com/2009/10/27/ubs-snags-merrill-vet-to-save-its-wealth-management-business/http://www.bloggingstocks.com/2009/10/27/ubs-snags-merrill-vet-to-save-its-wealth-management-business/http://www.bloggingstocks.com/2009/10/27/ubs-snags-merrill-vet-to-save-its-wealth-management-business/#commentsFiled under: ,

In wealth management circles, Robert McCann is a pro. After all, he ran Merrill Lynch's financial advisory business -- known as the "thundering herd" -- which is now part of Bank of America (NYSE: BAC).

However, he left in January and wanted another opportunity. But there was a problem: he had a noncompete. So, with the help of skillful attorneys, he was able to reach some type of settlement.

Continue reading UBS snags Merrill vet to save its wealth management business

UBS snags Merrill vet to save its wealth management business originally appeared on BloggingStocks on Tue, 27 Oct 2009 12:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>BACBank of AmericainthenewsMorgan StanleyMSRobert McCannUBSwealth managementTue, 27 Oct 2009 12:00:00 EST<![CDATA[Housing market to dip again next year; Goldman says by 10%]]>http://www.bloggingstocks.com/2009/10/27/housing-market-to-dip-again-next-year-goldman-says-10/http://www.bloggingstocks.com/2009/10/27/housing-market-to-dip-again-next-year-goldman-says-10/http://www.bloggingstocks.com/2009/10/27/housing-market-to-dip-again-next-year-goldman-says-10/#commentsFiled under: , , ,

If you've become comfortable with the current state of the housing market ... don't. Economists at Goldman Sachs (NYSE: GS) and Bank of America's Merrill Lynch (NYSE: BAC) say there's still plenty of risk in the housing market.

Alec Phillips, the head of Goldman's Washington office, said, "The risk of renewed home price declines remains significant." His "working assumption" is a drop of between 5% and 10% by the middle of next year.

Continue reading Housing market to dip again next year; Goldman says by 10%

Housing market to dip again next year; Goldman says by 10% originally appeared on BloggingStocks on Tue, 27 Oct 2009 10:20:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>bacbank of americaBankOfAmericafeaturedforeclosuresgoldman sachsGoldmanSachsgshome pricesHomePriceshousing marketHousingMarketmerrill lynchMerrillLynchmortgage backed securitiesMortgageBackedSecuritiesmortgagesTue, 27 Oct 2009 10:20:00 EST<![CDATA[Bank profits come directly out of your pocket]]>http://www.bloggingstocks.com/2009/10/26/bank-profits-come-directly-out-of-your-pocket/http://www.bloggingstocks.com/2009/10/26/bank-profits-come-directly-out-of-your-pocket/http://www.bloggingstocks.com/2009/10/26/bank-profits-come-directly-out-of-your-pocket/#commentsFiled under: , ,

The rally in the stock market and the return to profitability for some of the top banks has been hailed as a sign of a turnaround -- and proof that the interventionist financial policies of the past year worked.

But not so fast. In reality, a huge chunk of the profits banks are earnings can be directly attributed to their ability to borrow money at artificially low interest rates.

According to a report from the Center for Economic and Policy Research found that below market interest rates offered by The Federal Reserve accounted for 41% of JPMorgan's profits. At Bank of America, the number was 47%.

Continue reading Bank profits come directly out of your pocket

Bank profits come directly out of your pocket originally appeared on BloggingStocks on Mon, 26 Oct 2009 15:40:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>BACbonusesCEPRfeaturedJPMMon, 26 Oct 2009 15:40:00 EST<![CDATA[BofA unloads First Republic for $1 billion]]>http://www.bloggingstocks.com/2009/10/21/bofa-unloads-first-republic-for-1-billion/http://www.bloggingstocks.com/2009/10/21/bofa-unloads-first-republic-for-1-billion/http://www.bloggingstocks.com/2009/10/21/bofa-unloads-first-republic-for-1-billion/#commentsFiled under:

There was no secret that Bank of America Corp. (NYSE: BAC) wanted to sell First Republic.

And so today the deal was announced: BofA got more than $1 billion from a consortium of private equity operators. They include General Atlantic LLC and Colony Capital.

Continue reading BofA unloads First Republic for $1 billion

BofA unloads First Republic for $1 billion originally appeared on BloggingStocks on Wed, 21 Oct 2009 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>first republicFirstRepublicjames herbert IIJamesHerbertIimerrill lynchMerrillLynchWed, 21 Oct 2009 17:00:00 EST<![CDATA[Analyst upgrades, downgrades and initiations: AMZN, BA, BAC, F, LUV, LYG T, WEN ...]]>http://www.bloggingstocks.com/2009/10/20/analyst-upgrades-downgrades-and-initiations/http://www.bloggingstocks.com/2009/10/20/analyst-upgrades-downgrades-and-initiations/http://www.bloggingstocks.com/2009/10/20/analyst-upgrades-downgrades-and-initiations/#commentsFiled under: , , , , , ,

Analyst upgrades:

  • RBC Capital upgraded Bank of America (NYSE: BAC) to Outperform from Sector Perform and said the company has attractive franchise value and earnings power, and is nearing the start of a credit driven earnings recovery. The firm raised its target to $22 from $19.
  • Oppenheimer assumed coverage of Amazon.com (NASDAQ: AMZN) and upgraded shares to Outperform from Perform. The firm expects Amazon's revenue growth to re-accelerate over the next several quarters, making consensus estimates too conservative. Opco set a $130 price target on the stock.
  • Barclays upgraded Ford (NYSE: F) to Equal Weight from Underweight and believes the company will report Q3 results above the Street. The firm raised its Q3 EPS estimate to 7 cents from 16 cents, vs. consensus of 21 cents, and its price target to $8 from $7.
  • Charles River Labs (NYSE: CRL) was upgraded to Neutral from Sell at Goldman.
  • Briggs & Stratton (NYSE: BGG) was upgraded to Outperform from Neutral at Baird.
  • Sealed Air (NYSE: SEE) was upgraded to Equal Weight from Underweight at Barclays.

Continue reading Analyst upgrades, downgrades and initiations: AMZN, BA, BAC, F, LUV, LYG T, WEN ...

Analyst upgrades, downgrades and initiations: AMZN, BA, BAC, F, LUV, LYG T, WEN ... originally appeared on BloggingStocks on Tue, 20 Oct 2009 11:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AAUKAmazon.comAMZNanalyst upgradesAT and TBABACBank of AmericaBGGBoeingBSXCRLDFdowngradesFordGMEinitiationsinthenewsJBLULEAPLUVLYGOSGPCLNPCSSEEWENTue, 20 Oct 2009 11:40:00 EST<![CDATA[Earnings highlights: C, GE, GOOG, HOG, INTC, IBM, JNJ, JPM, MAT, NOK ...]]>http://www.bloggingstocks.com/2009/10/17/earnings-highlights-c-ge-goog-hog-intc-ibm-jnj-jpm-mat/http://www.bloggingstocks.com/2009/10/17/earnings-highlights-c-ge-goog-hog-intc-ibm-jnj-jpm-mat/http://www.bloggingstocks.com/2009/10/17/earnings-highlights-c-ge-goog-hog-intc-ibm-jnj-jpm-mat/#commentsFiled under: , , , , , , , , , , , , , , , ,

Here are some highlights from last week's earnings coverage from BloggingStocks:

Continue reading Earnings highlights: C, GE, GOOG, HOG, INTC, IBM, JNJ, JPM, MAT, NOK ...

Earnings highlights: C, GE, GOOG, HOG, INTC, IBM, JNJ, JPM, MAT, NOK ... originally appeared on BloggingStocks on Sat, 17 Oct 2009 14:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AbbottABTAMDATIBACBank of AmericaCitigroupCSXDominos PizzaDPZearningsFASTFastenalGEGeneral ElectricGoldman SachsGOOGGoogleGSHarley-DavidsonHOGIBMINTCIntelJNJJohnson and JohnsonJPMJPMorganLabsMATMattelNOKNokiaNTRINutrisystemWGOWinnebagoXilinxXLNXSat, 17 Oct 2009 14:40:00 EST<![CDATA[Bank of America loses a lot of money in Q3 ]]>http://www.bloggingstocks.com/2009/10/17/bank-of-america-loses-a-lot-of-money-in-q3/http://www.bloggingstocks.com/2009/10/17/bank-of-america-loses-a-lot-of-money-in-q3/http://www.bloggingstocks.com/2009/10/17/bank-of-america-loses-a-lot-of-money-in-q3/#commentsFiled under: , , , , ,

I don't think anyone could have had a positive reaction to Bank of America's (NYSE: BAC) third-quarter report, which was released on Friday. According to Bloomberg, management lost $1 billion in the past three months. Big ouch on that one. The financial institution bled 26 cents per diluted share. No earnings beat here, either. Wall Street sent shares down 4.6% by the end of yesterday's trading session.

The year-ago period was a happier time. Back then, Bank of America was rolling in the dough, posting a profit of 15 cents per share. What a difference 12 months makes. Looking at the nine-month record perhaps gives a small amount of comfort to shareholders. The company made 39 cents per diluted share. Of course, that doesn't sit too well next to the $1.09 per diluted share booked in the comparable period. But at least it's not a loss, know what I mean?

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Bank of America loses a lot of money in Q3 originally appeared on BloggingStocks on Sat, 17 Oct 2009 11:40:00 EST. Please see our terms for use of feeds.

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