Banks Rebound After Moody's Cuts
Morgan Stanley gets two-notch downgrade, but rallies after hours.
Steve Schaefer, Forbes Staff
Morgan Stanley gets two-notch downgrade, but rallies after hours.
Steve Schaefer, Forbes Staff
Abram Brown, Forbes Staff
Halah Touryalai, Forbes Staff
Christopher Helman, Forbes Staff
The chief executive of Murphy Oil, David Wood, resigned unexpectedly yesterday. He was replaced today by Murphy's former general counsel Steve Cosse. read »
The long-awaited, and likely priced-in, downgrades of major banks with global capital markets operations finally came to pass from Moody's Thursday. read »
Following robust first quarter results, pet supplies retailer PetSmart (PETM) has become a Zacks #1 Rank (Strong Buy) on May 24, just two days after its earnings announcement. read »
Fast-growing Monster Beverage will be added to the S&P 500 index next week, replacing Sara Lee. read »
The fears around a three-notch downgrade for Morgan Stanley have been eased as Moody's downgraded the bank just two notches. read »
Health and wellness retailer GNC Holdings (GNC) has been delivering positive earnings surprises ever since its initial public offering in April 2011, resulting in a more than two-fold growth in its stock price. With an average earnings surprise of about 20.4% over the last four quarters and a long-term growth projection of about 18%, this Zacks #1 Rank (Strong Buy) is a solid pick for growth. read »
It may seem like a bad time to invest in North American oil and gas companies, with natural gas prices still near their 5-year lows and crude oil dropping below $79 a barrel. But consolidation is leading to a few opportunities, according to Standard & Poor’s, which has added three new companies to the ranks of the investment grade over the last month, with two more on the verge of being upgraded. read »
TJX Companies (TJX) was upgraded today by Wells Fargo (WFC) to outperform from market perform, as [...]
A handful of anemic economic reports sent stocks lower this morning and the markets added to their [...]
In trading on Thursday, shares of Middlesex Water Co. (NASD: MSEX) crossed below their 200 day moving average of $18.33, changing hands as low as $18.18 per share. Middlesex Water Co. shares are currently trading off about 1.9% on the day. The chart below shows the one year performance of MSEX shares, versus its 200 day moving average: read »
