Posted May 18th 2009 11:00AM by Connie Madon
Filed under: Market matters, NYSE Euronext (NYX), DJIA
Let's go back in time and imagine ourselves standing near a buttonwood tree at 68 Wall Street on May 17, 1792. We watch as 24 stock brokers sign the Buttonwood Agreement under that tree and the New York Stock Exchange is born. The brokers call their group the New York Stock Exchange. Their first president is Anthony Stockholm.
Flash forward a few years to 1817, when the exchange rented a room at 40 Wall Street. When that building was destroyed by fire, the exchange moved into temporary headquarters and then moved to a permanent location at 10-12 Broad Street.
Continue reading Sunday marked the 217th birthday of the NYSE
Posted Feb 9th 2009 1:14PM by Brent Archer
Filed under: Major movement, Earnings reports, Bad news, NYSE Euronext (NYX), Options, Technical Analysis
NYSE Euronext (NYSE:
NYX -
option chain) stock is falling today after posting a
fourth-quarter loss of $1.34 billion, or $5.06 per share, this morning. Excluding one-time items, NYX earned $137 million, or 52 cents per share, during the quarter, missing analysts' estimates of 56 cents per share. NYX was hurt by lower list fees and derivative revenue during the quarter. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on NYX.
This morning, NYX opened at $21.30. So far today the stock has hit a low of $20.16 and a high of $22.03. As of 12:45, NYX is trading at $21.40, down $1.50 (-6.5%). The chart for NYX looks bullish and
S&P gives NYX a positive 4 STARS (out of 5) buy ranking.
Continue reading NYSE Euronext (NYX) drops on Q4 loss
Posted Feb 9th 2009 8:18AM by Melly Alazraki
Filed under: Earnings reports, Analyst upgrades and downgrades, Apple Inc (AAPL), Pfizer (PFE), Amazon.com (AMZN), General Motors (GM), Adobe Systems (ADBE), Corning Inc (GLW), NYSE Euronext (NYX), Lennar Corp'A' (LEN), Hasbro Inc (HAS), Analyst initiations, Barclays plc ADS (BCS), Trina Solar ADS (TSL), Nissan Motors (NSANY)
Nissan Motor Co. (NASDAQ: NSANY) reported a $904 million quarterly loss and said it expects this year to be its first annual loss in nine years. Nissan is
cutting 20,000 jobs, or 8.5% of its workforce. NSANY shares declined over 6.5% in premarket trade.
Barclays PLC (NYSE: BCS) reported Monday that its
net profit for 2008 fell just 1% after several major one-off gains helped compensate for over 8 billion pounds ($11.8 billion) of write-downs. The bank's balance sheet, meanwhile, ballooned 67% to 2.05 trillion pounds. Pretax profit for the year dropped 14% to 6.08 billion pounds, well ahead of analyst estimates. Barclays said it will resume dividend payments in the second half of the year. Shares in Barclays soared over 12% in premarket trade.
Continue reading Stocks in the news: NSANY, BCS, GM, NYX, AMZN, HAS, ADBE, PFE, LDK ...
Posted Feb 7th 2009 9:40AM by Trey Thoelcke
Filed under: Earnings reports, Cisco Systems (CSCO), Time Warner (TWX), Motorola (MOT), Estee Lauder (EL), NYSE Euronext (NYX), BP p.l.c. ADS (BP), Anadarko Petroleum (APC), Visa Inc. (V)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Time Warner, BP, Cisco, Motorola, Visa and others
Posted Feb 2nd 2009 4:21PM by Douglas McIntyre
Filed under: Earnings reports, Toyota Motor Corp. (TM), Market matters, Applied Materials (AMAT), NYSE Euronext (NYX), Mattel, Inc (MAT), Economic data
Today was a bit of a mixed day with bulls and bears fighting over whether or not the DJIA should be above or below 8,000. Consumer spending and income were both weak; manufacturing data from the ISM was weak, and construction spending was weak. The weak numbers are becoming routine and traders were in charge today.
Here are today's unofficial closing bell levels:
DJIA: 7,936.75 -64.11 -0.80%
NASDAQ: +18.01 +1.22%
S&P 500: 825.43 -0.45 -0.05%
Top Analyst Upgrades
Top Analyst Downgrades Odyssey Marine Exploration, Inc. (NASDAQ:
OMEX) was the winner today. This cult stock, a deepwater treasure shipwreck and treasure hunter, announced that it found the HMS Victory (sunk in 1744). Shares were up a 7% to $4.21.
Continue reading Closing bell: A modest reaction to bad news; OMEX, MAT, AMAT, M, NYX, TM
Posted Feb 2nd 2009 1:00PM by Eric Buscemi
Filed under: Analyst reports, Analyst upgrades and downgrades, Pfizer (PFE), Charles Schwab Corp (SCHW), NYSE Euronext (NYX), Analyst initiations, Akamai Technologies (AKAM), SanDisk Corp (SNDK)
Analyst upgrades:
- Merriman upgraded shares of Akamai (NASDAQ:AKAM) to Buy from Neutral as they believe consensus expectations are now realistic and already reflect macro headwinds. Merriman also thinks the company's cost reductions could generate upside to EPS estimates.
- JP Morgan upgraded Novo Nordisk (NYSE:NVO) to Overweight from Neutral on expectations the company's diabetes drug will gain U.S. approval.
- Credit Suisse upgraded Pfizer (NYSE:PFE) to Outperform from Neutral and raised their target to $20 from $19 citing the merits of the Wyeth (WYE) deal and valuation.
- Quality Systems (NASDAQ:QSII) was upgraded to Buy from Neutral at Piper Jaffray.
- Parexel (NASDAQ:PRXL) was raised to Outperform from Market Perform at Wachovia.
- Ferro (NYSE:FOE) was upgraded at KeyBanc to Hold from Underweight.
Continue reading Analyst upgrades, downgrades and initiations: AKAM, PFE, NYX, SCHW, SNDK
Posted Dec 18th 2008 11:41AM by Eric Buscemi
Filed under: Analyst upgrades and downgrades, Apple Inc (AAPL), Chicago Merc Exch Hld'A' (CME), NYSE Euronext (NYX), Analyst initiations
Analyst upgrades:
- Jefferies upgraded Xilinx (NASDAQ: XLNX) to Buy from Hold and raised its target to $22 from $17 on valuation and the company's "diversified" business.
- Barclays expects Steel Dynamics (NASDAQ: STLD) to outperform in Q1 as investors become more comfortable with the company's balance sheet. Shares were upgraded to Overweight from Equal Weight.
- Keefe Bruyette upgraded Asset Acceptance (NASDAQ: AACC) to Market Perform from Underperform on valuation but lowered their target to $6 from $8.
- Blackrock (NYSE: BLK) and Intercontinental Exchange (NYSE: ICE) were added to Goldman's Conviction Buy List.
- Lattice (NASDAQ: LSCC) was upgraded to Equal Weight from Underweight at Morgan Stanley.
Analyst downgrades:Continue reading Analyst calls: XLNX, STLD, ICE, NYX, MT, JOYG, CME, LLL, AAPL, ENR ...
Posted Dec 17th 2008 9:21AM by Zac Bissonnette
Filed under: NYSE Euronext (NYX), News Corp'B' (NWS)
News Corp. (NYSE:
NWS) announced yesterday that it will be transferring the listings for both classes of its stock to the NASDAQ Global Select Market. Currently the company's shares trade on the New York Stock Exchange, which is the more common place for large, established media companies.
In the
press release announcing the move, News Corp.'s investor relations head Reed Nolte said that "Our move to NASDAQ will ensure that our stockholders have access to the most current trading technology possible. We are confident that NASDAQ's broad offerings and exceptional service, coupled with a cost-effective structure, will provide more value for our stockholders."
That sounds like quite a slap in the face to the NYSE, which is generally seen as the gold standard of trading. But a piece in the
Wall Street Journal suggests (subscription required) that News Corp.'s motives may have been more complex: Sources told the
Journal that Nasdaq agreed to spend more money advertising on News Corp.'s media outlets as part of the move. An NYSE spokesperson also told the paper that "Nasdaq made News Corporation an offer it couldn't refuse: quite a lot of money to switch its listing to Nasdaq. We would encourage other Nasdaq-listed companies to seek similar arrangements."
What does this mean for long-term shareholders? Absolutely nothing.
Posted Dec 15th 2008 3:08PM by Sheldon Liber
Filed under: Market matters, Johnson and Johnson (JNJ), Money and Finance Today, Novartis AG ADS (NVS), Tiffany and Co (TIF), NYSE Euronext (NYX), Serious Money, Intuitive Surgical Inc (ISRG), Burlington Northern Santa Fe (BNI), Boardwalk Partners (BWP)

There is a lot of money sitting on the sidelines waiting for the right time to get back into the stock market. Maybe that time will be after the Dow Jones Industrial Average tests 7000, or even 6000. Maybe it will be after quarterly reports start turning positive. I'm sure many people will not do anything until the housing market turns around. Then there are those that have sworn off the stock market or at least individual stocks entirely.
These and a multitude of other issues may be keeping you from investing for now and no one could blame you, but if it is your intention to get back in when the coast is clear then you should be making some preparations by putting together your watch list.
Here are some of the stocks on my watch list. I usually have about 20 stocks that I am interested in. Some of them I own already and I am interested in acquiring more. Some have appeared in my
Chasing Value column, and some or all might appear there again.
Annaly Capital Management (NYSE:
NLY) is one of the stocks mentioned in Fortune Magazines "Ten Promising Stocks for 2009" and is currently paying almost a 15% yield at Fridays closing price of $14.92. The company borrows money at short term rates and only invests in long-term Federally backed mortgages. They have avoided subprime loans and derivatives entirely.
Boardwalk Partners (NYSE:
BWP) is expanding and was highlighted today as another high yield value stock
Chasing Value: High yield thru Boardwalk's pipes that you can acquire for less than the price the general partners paid in October.
Burlington Northern Santa Fe (NYSE:
BNI) can claim
Berkshire Hathaway (NYSE:
BRK.A) as it's largest shareholder and you can buy shares for less than
'my pal Warren' did.
Intuitive Surgical (NASDAQ:
ISRG) is one of my top holdings and favorite companies. I have owned it for years and only selling some shares at $192. I recently started building a new position in a new portfolio in the past few months and I am interested in buying more. It closed at 134.38 on Friday.
Continue reading Serious Money: What's on your watch list?
Posted Dec 12th 2008 8:30AM by Paul Foster
Filed under: Charles Schwab Corp (SCHW), NYSE Euronext (NYX), TD AmeriTrade Holding (AMTD), Options
Nasdaq (NASDAQ: NDAQ) closed at $23.80. Bernard Madoff of Bernard Madoff Investment Securities LLC, was arrested by Federal agents because his investment advisory business was a "giant Poinzi scheme" reports the Wall Street Journal. NDAQ January option implied volatility of 85 is above its 26-week average of 70 according to Track Data, suggesting larger price movement.
NYSE Euronext (NYSE: NYX) closed at $25.98. NYX January option implied volatility of 97 is above its 26-week average of 72 according to Track Data, suggesting larger price movement.
Charles Schwab (NASDAQ: SCHW) closed at $16.98. SCHW January option implied volatility of 99 is above its 26-week average of 61 according to Track Data, suggesting larger movement.
TD AmeriTrade (NASDAQ: AMTD) closed at $12.92. AMTD January option implied volatility of 82 is above its 26-week average of 60 according to Track Data, suggesting larger price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
Posted Dec 10th 2008 9:18AM by Jim Cramer
Filed under: DaimlerChrysler (DAI), China, Market matters, MasterCard Inc'A' (MA), NYSE Euronext (NYX), Rio Tinto plc ADS (RTP), Freep't McMoRan Copper (FCX), Stocks to Buy, Cramer on BloggingStocks
TheStreet.com's Jim Cramer says the near term is muddy, but this mining-equipment maker is a long-term win. Bucyrus International (NASDAQ:
BUCY) (
Cramer's Take) really captures this moment. When I was speaking last night to its terrific CEO, Tim Sullivan, I was conscious that his company's stock is at the fulcrum of everything that is going wrong and everything that is going right in this market.
Bucyrus, if you recall, makes mining equipment. It's really the only game in town other than
Joy Global (NASDAQ:
JOYG) (
Cramer's Take), as the mining machinery business was annihilated by years of underinvestment.
The company became the quintessential play on mining as orders, particularly from China, for new coal mining equipment soared each year. China's opening a new coal-fired energy plant every week, so you know that there's demand.
The hedge funds glommed on to this one big-time. Like in so many that we are familiar with --
MasterCard (NYSE:
MA) (
Cramer's Take),
Trinity (NYSE:
TRN) (
Cramer's Take),
Foster Wheeler (NASDAQ:
FWLT) (
Cramer's Take),
NYSE Euronext (NYSE:
NYX) (
Cramer's Take) and
Freeport-McMoRan (NYSE:
FCX) (
Cramer's Take) -- they took concentrated positions in this and Joy Global and intended to ride the commodity boom for years.
Continue reading Cramer on BloggingStocks: Bucyrus is a buy on China's resurgence
Posted Oct 17th 2008 9:00AM by Jim Cramer
Filed under: Other issues, Market matters, Chicago Merc Exch Hld'A' (CME), NYSE Euronext (NYX), Amer Intl Group (AIG)

The Fed's putting pressure on various exchanges to set up a clearinghouse for credit default swaps. That's the "news" this morning. News is in quotes because, first, the exchanges all want to do this, and they have wanted it for months. They need the revenue. Second, we want more than one exchange so there is competition in pricing and we don't want a sweetheart deal by a government so prone to sweetheart deals that I want to vomit every day I come to work.
Third, this is a regulatory issue and it should be done by some superbody - but please not the easily lobbied-Commodity Futures Trading Commission, which will make you put no margin down because then the fees will be huge from trading. And please not the Securities and Exchange Commission, which doesn't understand markets and has blessed a world where these are under deep cover.
Frankly, as much as I want a clearinghouse on this stuff, I don't think it is possible with these sets of regulators to get a fair one. They are just too easily lobbied by the bad guys to do the wrong thing.
And who would be the worst at this? Tim Geithner and his merry band of "everything we do is right" Federal Reserve folks. I was listening to the TV Thursday and some host was asking some guest how she thought Federal Reserve Chairman Ben Bernanke was doing. She said "he's done a great job." And I found myself thinking, you have to be kidding, you can't possibly believe that, how could anyone think this guy has done a great job?
Anyway, he and Tim "Mr. Let-Me- Call-the-Media-and-Get-a-Good-Story- About-us-Because-I am-Savvy-and-I- Know-How-They-Care-About-the-Call- Back-and-Will-Praise-US" Geithner" (long and deserving hyphenated nickname) would be without a doubt the worst two to be involved in this credit default swap market because they don't play dirty and don't know how the game works. One of the reasons we are in such a jam is that SEC Chairman Christopher Cox has huge faith in the market and Bernanke has huge faith in the power of debate with people like Dick Fisher, the totally discredited Texas Fed man who was saying that inflation is the issue and it is out of control as the greatest wave of deflation overwhelms us since 1932. Fisher's an arrogant and erudite one-man wrecking crew of this economy.
If the Fed is pressuring for these exchanges then we are really in trouble.
I wonder if they even realize that Oct, 21, the day of the Lehman reckoning when we give the Wall Street gangsters their pay off on their hit jobs on Lehman, will cause the federally owned
AIG (NYSE:
AIG) write gigantic checks and will also reveal who guaranteed this stuff. It will most likely be lots of institutions the Fed doesn't understand or doesn't know.
Continue reading Cramer on BloggingStocks: Regulators will make clearinghouse anything but fair
Posted Sep 15th 2008 4:35PM by Jon Ogg
Filed under: After the bell, Major movement, Deals, Market matters, NYSE Euronext (NYX), Amer Intl Group (AIG), , S and P 500, DJIA, , Housing, NASDAQ

Today was easy to focus on. And it was highly unpleasant. It was all about financial stocks and the meltdowns and the merger and the bailouts. The huge drop in oil after Hurricane Ike didn't kill off the oil infrastructure didn't amount to anything at all. The beatings will continue, regardless of morale. The VIX hit 30 and that only helped for a brief bit.
Here are today's unofficial closing bell levels:
Dow 10,954.07 (-504.48; -4.42%)
Nasdaq 2,186.66 (-81.36; -3.60%)
S&P500 1,198.32 (-59.01; -4.71%)
10YR T-Note 3.483% (-0.247%)
52-Week LowsLehman Brothers (NYSE:
LEH) led the carnage today. Richard Fuld held out for solid merger terms too hard and it now looks like he made the entire firm pay the ultimate price. It is filing for Chapter 11 and for all practical purposes is going bye-bye. Shares were down 94% at $0.20 right before the close.
American International Group (NYSE:
AIG) is also on the ropes. Its shares were down 60% at $$4.78 immediately before the close. The leading insurance company in the world, or the former one anyway, is on the verge of collapse.
Continue reading Closing bell: Dow closes below 11,000; LEH nearly wiped out, AIG, WB, TTWO plunge
Posted Aug 1st 2008 4:06PM by Douglas McIntyre
Filed under: After the bell, General Motors (GM), NYSE Euronext (NYX), Sun Microsystems (JAVA)
This morning was starting to feel pretty good despite the 5.7% unemployment rate being the highest in over four years. But then there were comments out of Israel about Iran being suddenly closer to a major break-thru in its nuclear program. You can guess what that did for oil prices, although they didn't go much over $125.00 on the news. Today's action and this week's high volatility show the markets are still fighting over for the pole position.
Here are today's unofficial closing bell levels:
DJIA 11,328.27 -49.75 -.44%
S&P500 1,260.80 -6.58 -.52%
NASDAQ 2,310.96 -14.59 -.63%
10YR T-NOTE 3.95%
52-WEEK LOWS
TOP ANALYST UPGRADES
TOP ANALYST DOWNGRADES
Here is a preview for next week's top earnings (CSCO, PG, FRE, S, TWC, SIRI)
Continue reading Closing bell: General Motors shocker, jobs, and oil
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