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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.
- Government considers next steps. As the financial crisis continues to worsen, the U.S. government is considering two dramatic steps to turn around, or at least slow, the damage: guaranteeing billions of dollars in bank debt and temporarily insuring all U.S. bank deposits. The moves, which would mark the government's most extensive intervention to date, are in discussion stages only.
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- Jim Cramer's Picks -SampleBetter Choices - Cramer's Lightning Round (10/15/08)by SA Editor Rachael GranbyStocks discussed in the lightning round session of Jim Cramers Mad Money TV program,
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."
Northrop Grumman (NOC) -- You can't own the defense stocks right now. If I had to own one, I'd look at Lockheed Martin (LMT) with its good dividend. - Stocks & Sectors -SampleSeeking Alpha - Stocks & SectorsInternet
- eBay: Q3 Looks Good but Q4 Guidance Disappoints by Greg Feirman
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New ETFs- First Trust Launches Infrastructure ETF with Global Reach by Index Universe
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Housing & Real Estate- Too Early To Buy Homebuilders ETF by Larry MacDonald
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Latest Comments315 Comments
AAPL Smartphone Shows the Way to Competitors
The new Nokia N97 announced today is only slated for production in the second half of 2009!
What will Apple have done with the iPhone by then?!?
Will the iPhone Be Taken by Storm?
The Blackberry Storm is stillborn. David Pogue of the NY Times is someone who tells it as it is, a dud:
www.nytimes.com/2008/1...
Apple Falls Flat as Market Rebounds - Is There Really Investor Confidence?
His repetitive single minded messaging is being spouted at every moment that suits his meme...
Apple's Greatest Idea Yet
Consider this, Apple stands to have an even better result with the fall in input prices. Flash memory is falling like a stone - and who in the world is benefiting from that than Apple??
If Apple grew laptop sales 28% last month it's obvious Apple products are being treated differently to everything else.
If your world needs cheering up don't go and buy a Dell or a Nokia, buy an Apple product.
Apple's Greatest Idea Yet
Should Apple Consider Buying Yahoo!?
In other words: "I have no idea whatsoever what I'm talking about"....
Damage Report: Nokia Blows Up Mobile Sector
- I'm from the UK, but if you have the same reputaion as our estate agents here have..
- then the rest of us are really delighted that you cannot afford an iPhone.
Hooray, some justice.
Risks Remain, But iPhone's Fundamentals Should Help Apple Surpass Expectations - RBC Analyst
It is no wonder the banking system crashed if this is the quality of their advice and analysis....
Heaven help us all...
General Electric Moves On Down the Largest Company List
A very large joke is being played when you see Apple dropped three places.
Dispelling the MySpace Music Device Rumor
Myspace is a third rate site...
And well done for showing just how these journalists fabricate and build on straws...
Buy, Sell or Hold: Apple's Cohesive Strategy to Survive and Thrive
It is NOT an appropriate comment at all. Why?
- Macs ARE priced appropriately for their quality. Why?
- Apple do not make junk to compete for cheaper equipment. Why?
- Because the others all fight there - and they have no unique selling points because they depend on Microsoft Windows - which is been discounted due to its poor performance compared to Mac OSX.
Buy, Sell or Hold: Apple's Cohesive Strategy to Survive and Thrive
It is NOT an appropriate comment at all. Why?
- Macs ARE priced appropriately for their quality. Why?
- Apple do not make junk to compete for cheaper equipment. Why?
- Because the others all fight there - and they have no unique selling points because they depend on Microsoft Windows - which is been discounted due to its poor performance compared to Mac OSX.
Apple: Greatest Consumer Technology Company in the World?
Answer: Yes.
Apple's 'Real' Earnings: Up Almost 125%
And to the poster who mentions Enron above, please, please, read the article again and try to use that brain cell at full power...
And remember that Apple is fundamentally extremely conservative and risk averse.
Big thanks to Andy. Hopefully you will help to wake up the dozy world to what is happening here. For most people, including Jobs and team, it is a bit on the side of phenomenal...!
But it also makes the current APPL price look more and more like a gift.
In the end, we should all be congratulating and taking our hats off to Steve Jobs and the incredible team at Apple Inc. I certainly am. And in two years time it'll be a salute with vintage Champagne too...
This Apple Is Sweet
..products like OSX, MacBooks, iPhones and iPods. These are what are GENERATING the cash.
Bit like the adage - give a man meal and you feed him for a day. Teach him to farm and he feeds himself forever...