In the wake of financial problems with the LA Dodgers, seven other teams are on the brink of collapse.
As always, here are the top major media headline summaries from WSJ, FT, Bloomberg, and more. Today’s top analyst upgrades and downgrades were in shares of AIXG, ALU, AZN, CXW, EMR, GSK, HON, HUM, KEX, MCHP, OVTI, PAA, RAX, STJ, TEVA, TRMB, VRTX and WFM. Here are the top rumors of the day. The most important financial developments that will affect the day ahead (oil price surges, NOOK dead, and Italy – the new Greece).
Here is an economic calendar along with select earnings previews including PCLN, AONE, ATVI, PAAS, TM, CSCO, CSC, GM, GMCR, M, SLW, MCP, JWN, NVDA and DIS.
Eastman Kodak may be giving itself away. The Kodak image sensor unit sale bodes poorly for its future.
The biofuel stocks with upside. (ADM, VLO, GPRE, PEIX, SZYM, GEVO, AMRS, CDXS, KIOR)
Wall Street pay will drop this year. Compensation systems are really no different than they are for farmers. When the harvest is weak, they don’t get paid.
The suddenness of the Italy sovereign crisis is not because the problem is new. Trouble in Greece just caused investors to look more closely at other countries.
There is no broad agreement about whether holiday sales will rise or fall. The recession is to blame.
Have a great day!
JON C. OGG
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