1:00pm (EST) It’s been another battle today as both bulls and bears struggle to gain momentum. The Dow opened with a slight loss and traded to a low of 10,273 before bouncing back and touching a high of 10,364. As Wall Street gets ready for the 2nd half of today’sRead more
Dendreon Rumors Making Rounds Again
A123 Systems Jumps 17%
Bulls Fighting Back
12:45pm (EST) The market is has come off its morning lows but is still in negative territory for the day. The China news really put a damper on yesterday’s rally. The Chinese banks were pressured by concerns of capital-raises and some regulators want higher capital ratios. As a result, theRead more
AIG Gets A Downgrade, Imagine That
9:00am (EST) American International Group (AIG, $35.45, down $4.20) fell 10% yesterday after a Credit Suisse analyst downgraded the stock from “Neutral” to “Underperform”. Their research pointed to the fact that “near term monetization of value of businesses suggests little to no value for common equity.” For those of youRead more
Wednesday's WakeUp Call
9:10am (EST) Futures are up slightly lower as we get ready for this morning’s trading action. Yesterday, the bears ruled Wall Street and it looks like they could get the ball first this morning. Dow futures are down 25 points to 9,278 while the Nasdaq futures are lower by 4.5 points, to 1,591. S&PRead more
AIG Now Pushing $50
American International Group Could Hit $40
Random Thoughts for Thursday – AIG, Imax
Next Week's News
12:20pm (EST) With the weekend coming up, it’s always good to plan ahead. Alcoa (AA, $9.20, down $0.02) may have “unofficially” opened earnings season this week but as Thin Lizzy would say…The Boys are back in town, again…. Goldman Sachs (GS, $142.60, down $0.61) will “unofficially” kick off earnings forRead more