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Wall Street Breakfast: Must-Know Newsby SA Editor Rachael Granby- Bank trio becomes duo. Wells Fargo (WFC) will become the largest U.S. bank by branches with its bid for Wachovia (WB), after Citigroup (C) withdrew from compromise negotiations late yesterday on concerns about the quality of some of Wachovia's assets. Wells Fargo, with a bid valued at $11.4B, expects the purchase to be completed by the end of the year, and denies it will have to absorb assets shakier than originally thought.
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Wednesday, October 15.Bullish Calls:Continental Resources (CLR) -- "This is a remarkable decline. All of the high quality ones are down so much, I can't go against it. This is where you pull the trigger.
3M (MMM) -- The moment this stock starts yielding 5%, I'm a buyer. Until then, keep your powder dry.Bearish Calls:Computer Sciences (CSC) -- This is a company that was going to be bought, but they passed up the chance. Now I don't want to buy it."Email continues...
Annaly Mortgage (NLY) -- I think this is a business model that needs to borrow money. Definitively do not buy."
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- Too Early To Buy Homebuilders ETF by Larry MacDonald
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Latest Comments148 Comments
One for the Radar: Thoratec
Take a look at ASX. It's share price is quite reasonable.
Ten Stocks Below $10 a Share
ASX looks pretty interesting. Valuations pretty nice.
Mechel: Waiting Til the Smoke Clears
Steel: The Top Is In Parts II, III
Agree. Steel is a demand play. It's a year around need in many industries. MT's valuation is very strong thus pullbacks are investor's entry point.
MT, X & RS excellent companies...
US Steel: Solid as They Come
Good luck!
Will Mechel Raise $2 Billion in a Private Placement Offering?
Freeport McMoran: With Copper Prices Rising, It's Still a Buy
Wall Street Breakfast: Must-Know News
After the pullback, would MT, X, RS, BNI have volatility to the upside before another pullback?
Investing in Dividend Paying Companies
Is USX corp. (X) expected to have volatility on the upside soon?
The Ongoing Challenge of Inflation Momentum
Would there be some recovery here:
Since there is a UK Claimont Meeting at 4:30am ET. Would gbp/yen reach 210.610/210.640?
Also, usd/yen fell thereafter more volatility. Would usd/yen reach 105.100/105.110 before resistance?
Getting Out of Today's Bear Market
Yesterday, Canadian currency's strenghtening.
Wouldn't CAD reach $106.250 & AUD reach $103.250?
Fannie and Freddie: When the GSEs Go, So Goes the Dollar
"Canadian dollar could strenghten from here."
Thus, higher than $106.245 Cad/Yen
Fannie and Freddie: When the GSEs Go, So Goes the Dollar
If anyone gets a chance to read this then...news:
Canadian forecast for the 8th largest economy added jobs for 6months. Canadian dollar reached highest this month before gov.t report tommorrow.
According to TD securities in Toronto, "Canadian dollar could strenghten."
CAD/YEN
Good luck.
Apple Keeps On Rolling... But Can Metalink?
Interesting thank you.
MRVL apparently has global coverage from N. America-UK/Europe-Asia... Valuation is cheap as well.
BRCM is good except valuation is more expensive.
Today's time, it's MRVL that gives better advantage to the trader. Perhaps, long-range BRCM may have a better turn-around.
Dreamworks Animated Films to Have Intel Inside
A definite favorite.