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  • December 10, 2008

US stocks recovered from yesterday’s losses, as higher energy prices spurred a rally among energy producers. Read More

  • December 9, 2008

The three major US stock indexes failed to maintain yesterday’s momentum, slumping under the weight of disappointing earnings forecasts from FedEx Corp (NYSE: FDX), Danaher Corp (NYSE: DHR) and a few others. Read More

  • December 8, 2008

US stocks rallied handsomely during today’s trading session, as a deal to aid the domestic automakers appears increasingly likely and President Elect Obama vowed to make a huge investment to improve the nation’s infrastructure. Read More

  • December 6, 2008

It’s impossible to know exactly when the major averages will hit their lows, but I suspect we’re currently seeing the buying opportunity of a generation. Moreover, subdued selling in the face of bad news suggests that any ray of positive news or even as-expected newsflow would spark a major rally. Read More

  • December 5, 2008

In yet another whiplash-inducing trading session, the three major US indexes rallied from early losses to finish solidly in the green. Share prices among insurers picked up steam after Hartford Financial Services Group (NYSE: HIG) surprised many by raising its earnings forecast. Read More

  • December 4, 2008

Growth Portfolio holding Enterprise Products Partners (NYSE: EPD) announced a public offering of $500 million in senior unsecured notes due 2014 that carry a coupon of 9.75 percent. Management indicated that some of the proceeds would be used to temporarily pay down outstanding borrowings under its current credit facility, while the remainder would fund general operations. This capital raise follows on the heels of a $400 million issuance of five-year senior notes at a coupon of 5.75 percent. Read More

  • December 4, 2008

Disappointing retail sales and swelling ranks of unemployed weighed on investor sentiment, dragging the three major US stock indexes into the red. Read More

  • December 3, 2008

US stocks managed to pull themselves out of the red in a volatile day of trading, led by share prices in the financial sector, which resurged after a drop in mortgage rates boosted weekly application volumes. Still, concerns remain as consumers and businesses continue to deleverage. Read More

  • December 2, 2008

US stocks rebounded from yesterday’s selloff, as General Electric (NYSE: GE) announced that it would maintain its current dividend through 2009 and the Federal Reserve extended three of its most popular emergency lending facilities. Read More

  • December 1, 2008

Growth Portfolio holding Frontline (NYSE: FRO) posted disappointing third-quarter results after taking a mark-to-market loss of $29.3 million on securities of Overseas Shipholding Group (NYSE: OSG). Analysts had forecast earnings of $144 million, but net income totaled only $107.8 million after the aforementioned charge. Read More