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Wall Street

The golden rule works. In Milwaukee, Wisconsin, there is an Irish inn and pub called the “County Clare.” I happened to be walking around looking for breakfast and checked it out. I sat down, ate one of the best breakfasts ever, and then learned it was complimentary. I…

Stock market action has been exceptionally strong since the beginning of the year, and Wall Street must be making a killing with so many new initial public offerings (IPOs). The lack of consistency in economic news is a real problem. Wall Street has been upgrading many popular stock…

Restaurants are seeing a comeback. McDonalds Corporation (NYSE/MCD) was a stock market darling in 2010 and 2011. The company reported an improvement in global sales, but as things slowed in 2012, the position drifted. McDonalds has regained all its stock market weakness from last year, and it’s looking…

First-quarter earnings season is here, and the takeaway so far is business is better at home. The stock market has modest momentum, but earnings are mixed. There certainly is weakness internationally, as FedEx Corporation’s (NYSE/FDX) earnings showed. International airfreight hurt the company’s bottom line. Caterpillar Inc. (NYSE/CAT) reported…

Mark Mihal got the surprise of a lifetime when he fell into a sinkhole on the 14th hole of a golf course in southern Illinois. His buddies couldn’t find the right ladder, but they got him out okay using a rope. He fell 18 feet. (Source: Suhr, J.,…

Railroad stocks as a group have returned to their 52-week highs. I like Union Pacific Corporation (NYSE/UNP) and Canadian National Railway Company (NYSE/CNI). They are the strongest of the group and are trading right at their all-time record highs. These two companies are worth accumulating when they’re down.…

When stocks are hot, you can make money in initial public offerings (IPOs). Wall Street had a phrase representing the so-called confidentiality between corporate finance departments and research—the “Chinese Wall.” In practice, the Chinese Wall was a joke; it should’ve been the “Chinese Fall.” When big IPOs came…

The good times must be back. Porsche SE, the luxury sports car maker, announced this morning that its profit went up sevenfold in its first fiscal quarter ended October 31, 2010. Porsche reported a profit of 526 million dollars in the quarter on a 63% increase in car…

I had the pleasure this week of reading General Motors' preliminary prospectus, all 542 pages of it. The GM public offering will be the second largest initial public offering (IP0) in U.S. history, second only to Visa's public offering of March 2008. In my own mind (which is…

Monday was an impressive day for stocks with the S&P 500 and NASDAQ on a technical level, as both indices rallied back above their respective 200-day moving averages (MA) and the highest level in a month. All four of our key stock indices are now back above their…

I admit; I love it when President Obama feels on top of the world. Last week, he passed into law what is considered the most comprehensive overhaul of lending and high finance rules and regulations since the Great Depression. Its goal is simple. Wall Street should never again…

— "Profit Confidential" Column, by Michael Lombardi, CFP, MBA If I didn't know better, I'd say Washington has declared war against Wall Street. And who can blame the White House? Wall Street made billions of dollars in profits in the years leading up to the bust. But, once…

— "Ahead of the Street" Column, by Mitchell Clark, B. Comm. While the troubled financials aren't impressing the market, the parade of big company ratings upgrades continues. Companies like U.S. Steel, McDonald's, Archer-Daniels Midland, IBM, and CBS Corp. are all getting upgraded by Wall Street along with their…

— by Inya Ivkovic, MA. The Black Monday of September 15, 2008, will be, and should be, remembered as the day when the global economy stood on the brink of recession and had little choice but to hurl itself into the abyss. That was the day the U.S.…

— by Inya Ivkovic, MA The current economic meltdown and its causes exemplify how far-reaching and deep the consequences of reckless risk-taking are. Yet, a moral gamble in today's environment somehow ended up penalizing those who played by the rules and subsidizing those who didn't, because the latter…

— by Inya Ivkovic, MA Double standards abound in Washington and on Wall Street and Main Street, worrying ordinary investors to no end. We have been advised ad nauseam that our economy is so battered and suffering from such a severe phobia of surgically removing the degenerated tissue…

— by Inya Ivkovic, MA The Federal Reserve ran so-called "stress tests" on 19 large banks, the methodology of which is going to be released tomorrow and the results on May 4th. According to Associated Press, the Fed's approach was to have a much harsher view on loans…