
Billionaire investor Warren Buffett made a lot of people feel better about historically stretched stock prices earlier this month. After all, Buffett is arguably the most successful stock investor in world history. Wrong, says John Hussman, the president of the Hussman Investment Trust and a former economics professor.
Barclays analyst Brian Johnson upgraded GM to overweight from equal-weight and boosted his price target to $55 from $41. Conversely, he downgraded Ford to equal-weight from overweight and maintained his $14 price target. "Ford really got left behind," TheStreet's Jim Cramer said on CNBC's "Mad Dash" segment.
Natural gas is leaking through unplugged abandoned wells that have penetrated a massive underground storage field in Kansas, creating a public safety hazard amid a dispute over who is responsible for fixing the problem, regulatory filings show. Northern Natural Gas Co., which owns the underground storage facility, wants the Kansas Corporation Commission, which regulates oil and gas drilling in the state, to force well owners to plug abandoned wells.