Nearly 2 million Americans currently receiving unemployment benefits stand to lose coverage this January if Congress does not extend the emergency federal unemployment insurance program. 24/7 Wall St. has reviewed a study by the National Employment Law Project to identify the ten states where the most people could lose benefits.
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 AA, AMGN, ADSK, CVC, CBI, LFC, INCY, LNKD, THC, TWC and TIVO. Here are the top rumors of the day. The most important financial developments that will affect the day ahead (China AAA Rating, GM Volt Fire).
The top analyst calls of last week were in share of AVL, BRK-B, CRZO, DPZ, GILD, GT, GOOG, GMCR, HPQ, LULU, RIMM, SINA and WDC.
There is some upside in specialty retailing companies (SPLS, OMX, BKS, BID, PETM).
The Jon Corzine scandal at MF Global has turned into a subpoena, finally. Many might not care on the surface, but the future of customer cash and segregated funds could hang in the balance over the customers’ place in line versus other creditors. This could be a license to steal your money!
A rare upgrade was given to Berkshire Hathaway on Friday, calling for more than 15% upside in the next six months.
Politicians in Detroit refuse to admit it, but the city’s fight to stay independent is over.
TV used to make Americans stupid. Now, it is the internet.
E-commerce’s expansion is faster than expected and Amazon will be the major beneficiary.
India appears to have turned its back on a deal to allow companies like Walmart further into the nation. It will hurt India’s reputation with businesses around the world badly.
Italy faces crippling strikes that will test the government’s will as it puts austerity plans into place.
Have a great day!
JON C. OGG
Top Gaining Stocks
Top Losing Stocks