Recent Articles
Barclays May Be Shopping for a U.S. Bank
It's no secret that Barclays (BCS) and its London parent made out like bandits when the bank purchased the U.S. operations of then-imploding Lehman Brothers. Now, there are reports that the bank is shopping for a U.S. retail banking operation with a market cap in the $10 billion-$30 billion range.
Has Oil Firmed Up on Growth, or Stimulus Cash?
Today's release of OPEC's monthly market report for February highlights something that has been true for a long time now. The price OPEC receives for a barrel of oil jumped about $5/barrel since February 1 to close at $77.38/barrel yesterday.
Supermarkets May Not Be So Super (KR, SWY, COST, BJ)
Supermarkets like Kroger (KR) and Safeway (SWY) may not be so super. Margins in the supermarket business have always been very thin. And it's not getting any better.
Coal Stocks Stoked Over Prospects of Economic Recovery (PCX, MEE, BTU, BHP, MT, TCK, RTP, ACI, ANR, BKH, KOL)
Shares of Patriot Coal (PCX) hit a new 52-week high last week on rumors of a buyout from Massey Energy Company (MEE). Massey was mum on the subject, and a Patriot spokesperson would only say that the company didn't comment on rumors. Patriot Coal was spun-off from Peabody Energy (BTU) in 2007.
Save the Economy: Eat a Big Mac
McDonald's (MCD) has reported that same store sales in February jumped 4.8%. US sales rose 0.6%, European sales increased 5.4%, and Asia/Pacific, Middle East and African sales climbed 10.5%. That pretty much clears up where the sales are.
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