Blackstone Group LP's (BX) share price has entered into oversold territory with a stochastic value of 11.20. Analysts, on average, have increased their full-year earnings estimates on the Zacks #2 Rank ("Buy") company, with the consensus up 4 cents over the past 30 days to 33 cents per share.

"BX" Free Stock Analysis: Buy? Sell? Hold?Zacks Investment Research

Blackstone Group LP (BX) today reported a narrower-than-expected adjusted net loss of 7 cents per share for the first quarter, beating the consensus for a 9-cents loss.

The private equity firm also decided to pay a full quarterly distribution of 30 cents per share.

The stock has rallied more than 18% today amid extraordinarily high volume of approximately 11.5 million, compared to the average daily volume of about 3.5 million.

Meanwhile, Blackstone's revenues slipped 31% to $47.1 million compared to $68.5 million in the year-ago period.

One out of 7 covering analysts increased full-year earnings estimates, sending the consensus up a penny to 29 cents per share over the past month.

Analysts are also bullish on next-year's performance as the consensus has moved up 2 cents over the past month to 96 cents per share.

BX is a Zacks #3 Rank ("Hold") stock.

"BX" Free Stock Analysis: Buy? ...

The tiny double bottom that occurred shortly after the close of Comex trading on Wednesday afternoon may have been the low in gold for this move. Both were ever so slightly below $900. From there, gold rose gradually until about an hour after the London a.m. gold fix on Thursday morning. Then it declined gently until shortly after the London p.m. fix was in. From there, away it went…until a not-for-profit seller showed up in after-hours Globex trading in New York and capped the little price spike that occurred at 3:30 p.m. New York time.

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Silver’s antics were the same as gold’s, although the price action was more exaggerated. Silver began to rise once the London a.m. gold fix was in…then declined until shortly after the London p.m. fix…and then, it too, was off to the

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The once booming business of private equity faces an uncertain future. What’s not uncertain, however, is that many private equity deals are imploding from the weight of leveraged debt and greed. Inevitable bankruptcies will result in higher unemployment and a deeper recession.

Private equity is an asset class consisting of equity securities in operating companies that are not publicly traded.  The name “private equity”is the rechristened, kinder and more gentile label for what used to be known as leveraged buyouts, or LBOs. But make no mistake about it, while leverage may not be part of the name any more, it remains a big part of every private equity deal.

LBO firms, or “franchises”, as Henry Kravis, co-founder of Kohlberg Kravis Roberts & Co. (KKR), likes to call his shop, acquire publicly traded operating companies. Then they streamline management and operations to increase profitability and hope to cash out

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Retailers 3Q Earnings Dismal; Cisco Sees Small Biz Sales Growth; Blackstone Posts $502 million 3Q Loss; IEA Sees $100 Oil Average; Mattel Toying with Job Cuts; Direct TV Earnings Up; Fidelity Cuts 1,300 jobs; Jobless Claims Fall

October sales dropped for big-name retailers Macy’s Inc. (M), Target Corp. (TGT) and Gap Inc. (GPS) a result of continuing job losses and widespread credit drought that took the spirit out of consumer spending. Same-store sales climbed 2.4% at Wal-Mart Stores Inc. (WMT), as tight-budget shoppers searched for cheaper prices, Bloomberg reported. A day after forecasting a 5% to 10% annual revenue drop, Cisco Systems Inc. (CSCO) said it will invest $100 million sales ...