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Analysts Upgrade BP to Buy?

After calls from a U.S. congressman for BP (BP) executives to commit hara-kiri and following President Obama's successful pressure on the company to set up a $20 billion escrow account, cancel $7.8 billion in dividend and sell $10 billion assets, a few analysts decided it couldn't get any worse and upgraded the oil giant shares to buy.

It's been nearly two months since BP's Deepwater Horizon rig exploded in the Gulf of Mexico, causing a massive oil spill -- that's still hasn't been resolved -- and the worst environmental disaster in U.S. history. Shares of the company were nearly halved as the cleanup cost estimates have swelled.

And as the agreements with Obama lifted some of the uncertainty, triggering a relief rally, some analysts also opted to upgrade BP shares.

Continue reading Analysts Upgrade BP to Buy?

Marriott earnings preview

Marriott earnings previewHotel giant Marriott International Inc. (NYSE: MAR) will get its chance to impress Wall Street tomorrow morning before the market opens when it reports its third quarter earnings numbers.

Analysts are expecting to see the company show earnings of 13 cents for the quarter, down from 34 cents per share during the same period last year. The last time the company reported earnings was on July 16 when it beat out analyst estimates of 21 cents per share by reporting 23 cents for its second quarter.

Continue reading Marriott earnings preview

Closing Bell: A roar over a moo (JPM, GM, VMW, FSLR, BRK.A)

Today looked like the traditional broke American spender of the past. Lower income, increased spending. We also saw waves of profit taking ahead of the weekend as the last two weeks have been some of the best moves seen in years in years. Here were today's unofficial closing levels:

Dow 7,776.18 -148.38 (-1.87%)
S&P 500 815.94 -16.92 (-2.03%)
Nasdaq 1,545.20 -41.80 (-2.63%)

Top Upgrades & Downgrades
52-Week Lows

Continue reading Closing Bell: A roar over a moo (JPM, GM, VMW, FSLR, BRK.A)

Symbol Lookup
IndexesChangePrice
DJIA-74.9212,454.83
NASDAQ-1.852,837.53
S&P 500-2.861,317.82

Last updated: May 26, 2012: 10:42 AM

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