NASDAQ Market News

Vornado Realty Trust (NYSE:VNO): The stock is rated Buy by Citigroup. Its earlier rating stood at Neutral. Citi also upped the price target for the stock to $85 from $82. The stock is currently trading at $75.25, up 0.31 percent from its previous close of $74.98. It has traded in the range of $71.19 and […]

While markets are struggling to find direction today, some stocks seem to be on clear upward trajectory. Major indices are showing mixed results with Dow Jones in the red area but S&P 500 and Nasdaq trading in greed region. On the positive note home prices rose in most major cities in the US during September. […]

MBIA Inc. (NYSE:MBI):  The company stock is currently trading at $9.01, up 7.78 percent from its previous close of $8.36. MBIA Inc. stock rose on the news of the company avoiding default on its bonds. The company reported that it changed terms attached to these bonds to avert the default.

Alcatel Lucent SA (NYSE:ALU): The stock is trading up on high volume. Alcatel Lucent stock already traded 49.292 million shares so far, in comparison to its usual daily volume of 14.258 million shares. There are rumors abound that the company is in talks with Goldman Sachs with regard to a potential loan.

Archer Daniels Midland Company (NYSE:ADM): The stock not only got its rating upgraded but also had its price target moved up by BMO Capital Markets. Its earlier rating was at Market Perform, which now has been elevated to Outperform.

Best Buy Co. Inc. (NYSE:BBY): The stock tanked to $11.74 level after reporting weak quarterly results. The stock is currently trading at $12.07, down 12.22 percent from its previous close of $13.75. Best Buy’s yet another dismal quarter reported record loss at $10 million. The company had earned $156 million for the corresponding quarter of […]

With all the major indices firmly in green territory, markets are looking to recoup the losses sustained in the previous week. Among the news rocking the business world is privately held Hostess Group, which has threatened to liquidate itself on account of an ongoing strike. On the other hand homes sales report is out and […]

The future of Cisco (NASDAQ:CSCO) has suddenly become very cloudy, but a 0.27% increase to $17.99  in its share price in pre-trading, not to mention common sense, indicates that, counter-intuitively speaking, their cloudy future is a very good thing.  It will an interesting stock to watch on the NASDAQ today. The company announced this weekend […]

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Investors, even the veteran ones, have differing views about following analysts’ recommendations. While, it is never advisable to take your portfolio decision based on only analysts’ recommendations, it certainly helps to keep track of market’s opinion about a security. However, not all analysts are created equal. As a rule of thumb, I maintain a list […]