Du Pont founded, Wilmington Trust Corporation of Delaware has agreed to allow M&T Bank Corporation to acquire them for $351 million in company stock. This is 46% less than they were valued at last week. Wilmington Trust has been struggling quite a bit lately. They have reported 5 straight quarters of losses. They were about [...]
With Citigroup (C) reporting earnings of 8 cents a share earlier in the week, beating the estimates from Wall Street analysts, many investors are wondering if it may be time to go long on the stock. After watching the mess the company found themselves in in 2008, investors are expected to be cautious when it [...]
Investors waited patiently for Apple to report their 4th quarter earnings a little after 4:30 this afternoon. The company ended up blowing out their earnings estimates, however that was not enough to keep the stock price from falling a bit after hours. The earnings for Steve Job’s company were quite impressive, leaps and bounds better [...]
The Dow Jones Industrial Average and S&P 500 are off to positive starts this week, but the NASDAQ is in negative territory after a positive day on Friday. Google’s stock is up yet again after a remarkable earnings report on Thursday afternoon. After a 61 point rise on Friday, the stock is up another 1.5%, [...]
Bank stocks really took a beating this week, as market uncertainties drove many of the large banking stocks towards levels we have not seen in months. Citigroup closed the day on Friday at $3.95 a share, just 4 cents higher than the low of the day. Although it was nowhere near the 52 week low, [...]
After the market closes on Monday the 18th, Apple will be announcing their earnings for this last quarter. The stock price has already been on a tremendous run despite investors having no idea really how much in profit Apple has made this quarter. Analysts expect revenue of anywhere between $18-21 billion this quarter alone, however [...]
Things are beginning to look up for Sirius XM (SIRI) Satellite Radio, after a couple of years of listening to doubtful critics. In early 2009, the stock which was trading as high as $51 a share in late 2000 had fallen all the way down to $0.10 a share. The company looked as though it [...]
Gap, Inc. recently announced a new logo for the company which has been around for over 40 years. The new Gap logo took on a whole lot of criticism almost immediately after it was announced. Most people believed that it was simply a lot worse than the old Gap logo was. Yesterday Gap released the [...]
MakeMyTrip Limited (MMYT), the owners and operators of Makemytrip.com have seen their stock soar today. Shares have reached a price of $37.73 in daily trading, which is a gain of over 13%. The stock has traded as high as $41.47 per share in the past 52 weeks. The large increase comes on the same day [...]
Now that Blockbuster has filed for Chapter 11 bankruptcy, Netflix (NFLX on the NASDAQ) has become a much more solid buy. For years, Netflix always was looking over its shoulder at Blockbuster, the company that had been at the head of the class for movie rentals for years on end. Now that Blockbuster has decided [...]
