Next week the market will be focused on the nation’s banks, as the top U.S. financial institutions report their quarterly earnings. Their earnings parade actually started today, with a quarterly report from JPMorgan Chase & Co. (NYSE: JPM),… Read More
Results
Big Pharma needs some big ideas. If it can’t find them — and turn them into the next blockbuster drugs — then it will be in Big Trouble. The clock is always ticking for the nation’s drug makers. That’s because drug patents last only 20 years. The… Read More
The phrase “failure of imagination” has returned to the lexicon. It may turn out to be an appropriate catchphrase for the just-ended 2000s. It also applies to a few situations on Wall Street, where investors seem unable to wrap their arms around the idea that things won’t… Read More
It’s become an annual tradition among the research staff of Market Advisor — StreetAuthority’s longest-running publication. Every December, through phone calls, emails, and meetings — heck, everything short of smoke signals — the office is abuzz with chatter. You see, December is when… Read More
The economy, at long last, has begun to recover. That’s not to say things are rosy. Unemployment is still 10%, and some suggest this means the nation’s recovery may be marked by less consumption and higher personal savings than in… Read More
Remember when big banks paid big dividends? Before the financial crisis Citigroup (NYSE: C) paid a quarterly dividend of $0.54; last quarter’s dividend was $0.01. Bank of America (NYSE: BAC) paid a per-share $0.64 quarterly dividend as recently as late 2008; December’s quarterly dividend… Read More
They say that beauty is in the eye of the beholder — and I suppose that’s just as true in the financial world as anywhere else. For most, the Fed‘s unprecedented string of stimulative rate cuts couldn’t have been better timed. Read More
You could take a stab at Medivation, Inc. (Nasdaq: MDVN), whose progress on Alzheimer’s treatment has sent its shares soaring three-fold since March. But then there’s OncoGenix Pharmaceuticals Inc. (Nasdaq: OGXI), whose shares famously fell more than -30% in short order (mostly in one… Read More
It was greeted as “an oddball security from Canada” when it debuted in December 2003. I’m speaking about one of the newest (and most lucrative) asset classes to hit Wall Street in recent years — enhanced income securities (EIS). The name… Read More
The S&P 500 lost ground during the past decade, but this drug maker’s shares returned a gravity-defying +1,179%. That’s the good news. The better news is that the company looks like it’s setting itself up for a repeat performance. Read More