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Carl Icahn Buys More Apple Shares After Saying He Would Be Better Off If Apple Didn't Take His Advice
Tuesday, January 28, 2014 - 5:09pm | 616Activist investor Carl Icahn in a CNBC interview last week said that in some ways he would be better off if Apple (NASDAQ: AAPL) chose not to take his advice and increase its stock buyback. "As far as I'm concerned,” Icahn said, “I'm actually better off with them doing...
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Is Best Buy a Buy, Hold or Sell?
Friday, January 17, 2014 - 11:14am | 593According to Barron’s, it’s “good-bye” time, not “buy” time for Best Buy (NYSE: BBY). It did not help that holiday sales fell almost a full percent compared to the two percent gain analysts expected. In addition, the company expects to report a decline in Q4 operating profit on February 27....
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S&P Report: Charter Communications Talks Merger With TWC Shareholders
Wednesday, January 15, 2014 - 4:02pm | 429Two days ago, Charter Communications (NASDAQ: CHTR) released a copy of its letter to Time Warner Cable (NYSE: TWC) proposing discussions to merge the two companies, and outlining general financial terms of the transaction. Charter also announced that because--in its view--TWC did not intend to...
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Market Wrap for October 29: Dow, S&P 500 Hit New Highs on Hopes Fed Won't Taper Bond-Buying
Tuesday, October 29, 2013 - 5:00pm | 1367Stocks pushed higher Tuesday in a rally that sent the Dow Jones industrials and the Standard & Poor's 500 Index to new highs. The Nasdaq Composite Index finished at a 13-year high. The rally was built on expectations the Federal Reserve will leave its current bond-buying program in place...
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S&P's Marie Cavanaugh Answers 'How Likely Is A Debt Downgrade?'
Friday, October 4, 2013 - 10:04am | 255Rating analyst and managing director for S&P's sovereign-ratings group Marie Cavanaugh appeared on CNBC's Squawk Box Friday morning where she talked about the chances of downgrading the United States' debt. "We changed the outlook to stable earlier this year for, because of the improvement in...
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S&P Takes the Axe To Banks; Shares Drop (CS, DB, BCS)
Wednesday, July 3, 2013 - 8:26am | 651S&P cut the debt ratings of three of Europe's largest banks late Tuesday as new rules and "uncertain market conditions" threaten business across the continent. Barclays (NYSE: BCS), Credit Suisse (NYSE: CS), and Deutsche Bank (NYSE: DB) all had their credit ratings cut one notch. Downgrades...
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Benzinga's PreMarket Info Recap for June 14, 2013
Friday, June 14, 2013 - 9:22am | 302Have you ever woken up to find that a stock in your portfolio made a dramatic move overnight? Are you interested in learning how to understand each day's post-market and pre-market moves? Veteran traders Joel Elconin and Dennis Dick will give you all of the insights that you'll need to...
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JP Morgan Chase's Thomas Lee On Undervalued Markets
Monday, May 20, 2013 - 11:52am | 586Thomas Lee, JPMorgan Chase (NYSE: JPM) Chief U.S. Equity Strategist, spoke on CNBC's Squawk Box on Monday morning, where he discussed where investors should put their money to work and why, as well as the place of the Fed in today's and tomorrow's market. "I think investors who have't put money...
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Benzinga Market Primer, Thursday, December 6
Thursday, December 6, 2012 - 7:15am | 916Join Marketfy's Sang Lucci for a FREE webinar today at 4:15 pm EST to discuss different ways to successfully trade Options & large cap equities in the midst of consistent interruptions via Fiscal Cliff news. Seats are limited, sign up now! Futures Rise on Budget Deal Hopes U.S. equity futures...
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Stocks Drop Following Obama's Re-election
Wednesday, November 7, 2012 - 6:10pm | 254Evidently, President Obama had no time to bask in the glory of victory, amidst a looming fiscal showdown and a divided Congress capable of thwarting his efforts. Republicans will be in a position to block Obama's ambitions -– including immigration and tax reforms -– as they maintained a majority in...
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Benzinga Market Primer, Thursday October 11
Thursday, October 11, 2012 - 5:57am | 861U.S. equity futures rose in early Thursday trading as comments from the World Bank's President, Dr. Jim Young Kim, indicated that he believes that China will be very aggressive in trying to restore growth once the political transition has taken place within the first half of 2013. The comments from...
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Some Emerging Markets Primed for Higher Credit Ratings
Friday, July 27, 2012 - 1:56pm | 772As the U.S., Japan and some developed Europe nations come to grips with astronomically higher debt-to-GDP ratios and less-than-perfect credit ratings, investors looking for sound fiscal positions might do well to consider emerging markets. From Latin America to the Middle East to Southeast Asia,...
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Equity Moves on Sell-Side Sentiment for July 19, 2012
Thursday, July 19, 2012 - 2:54pm | 303Following three days where 20-plus stocks were re-rated into daily Buy- or Sell-equivalent views, sell-side analysts had a light day. Five stocks received new bullish views (upgrades to or initiations with Buy, Overweight or Outperform) and three others were subject to bearish ratings actions (...
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"Distance Traveled" Ratio and US Equity Weirdness
Tuesday, April 17, 2012 - 12:11pm | 602By Peter Tchir, Minyanville I have to say, Monday seemed like a strange day. Apple (NASDAQ: AAPL) -- oh, sorry I meant Nasdaq (^IXIC) -- was down over 0.5%, the S&P (^GSPC) was unchanged, and the Dow (^DJI) was up over 0.5%. It all makes sense when you look at the shares, but it gives me a...
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S&P 500 and Big 10 Weekly Outlook - March 12th
Monday, March 12, 2012 - 11:18am | 1638What difference does a week make in this market? Not much. Despite a significant selloff on Tuesday, the S&P 500 futures rebounded for the remainder of the week to settle a few points higher. Of course, the rollover from the March to June futures contract was responsible for some of the...