Wall Street Addict

The Securities and Exchange Commission announced a preliminary inquiry into the bankruptcy rumor-fueled drop in shares of UAL Corporation (NasdaqGS:UAUA) according to a report from MarketWatch. The Short Term PowerRating for UAUA is 5.
General Motors (NYSE:GM) gained more than 11%, emerging as the Dow's biggest gainer on Thursday. The Short Term PowerRating for GM is 2.
The Wall Street Journal reported late in the day that Bank of America (NYSE:BAC) was in talks to buy Lehman Brothers Holdings (NYSE:LEH). The Short Term PowerRating for BAC is 5. The Short Term PowerRating for LEH is 6.
Up more than 10% on Thursday, CSX Corporation (NYSE:CSX), reached a three-day closing high after pulling back to oversold extremes on Tuesday. The Short Term PowerRating for CSX is 5.
Research in Motion (NasdaqGS:RIMM)announced a deal to use Microsoft's (NasdaqGS:MSFT) search engine on its popular Blackberry line of smartphones. The Short Term PowerRatings for RIMM and MSFT are both 4.
Source: Tradingmarkets.com

Labels: BAC, CSX, GM, LEH, MSFT, RIMM, Stocks to Watch, UAUA

Here are 7 stocks for traders for Tuesday from TradingMarkets.com:
Bank of America (NYSE:BAC - News) reports earnings on Tuesday morning, with traders looking for $0.18 EPS. BAC's PowerRating (for Traders) is 5.
DuPont (NYSE:DD - News) is looking to report $0.49 EPS on Tuesday before the market opens. DD's PowerRating (for Traders) is 5.
Analyst will be watching for Fastenal (NasdaqGS:FAST - News) to announce $0.36 EPS on Tuesday before the bell. FAST's PowerRating (for Traders) is 6.
When Johnson & Johnson (NYSE:JNJ - News) announces quarterly results on Tuesday morning, watch for $0.86 EPS. JNJ's PowerRating (for Traders) is 6.
Suncor Energy (NYSE:SU - News) is poised to announce $1.51 EPS early Tuesday morning. SU's PowerRating (for Traders) is 6.
UnitedHealth (NYSE:UNH - News) should report $0.92 EPS on Tuesday morning. UNH's PowerRating (for Traders) is 6.
Wachovia (NYSE:WB - News) is expected to report $0.33 EPS early Tuesday. WB's PowerRating (for Traders) is 6.

Labels: BAC, DD, FAST, JNJ, Stocks to Watch, SU, UNH, WB

Here are 7 stocks for traders for Friday from TradingMarkets.com:
Countrywide Financial (NYSE:CFC - News) rallied 47% on reports that Bank of America (NYSE:BAC - News) is in advanced talks to buy the biggest U.S. mortgage lender. CFC's PowerRating (for Traders) is 7, and BAC's PowerRating (for Traders) is 5.
AnnTaylor (NYSE:ANN - News) fell 15% after reporting a drop in same-store sales for the holiday season and cutting its earnings forecast. ANN's PowerRating (for Traders) is 7.
IHS (NYSE:IHS - News) beat earnings expectations on Thursday afternoon, reporting $0.47 EPS over a consensus of $0.43 EPS. IHS's PowerRating (for Traders) is 7.
Shuffle Master (NasdaqGS:SHFL - News) matched earnings expectations on Thursday afternoon with $0.10 EPS. SHFL's PowerRating (for Traders) is 6.
Synnex (NYSE:SNX - News) also beat earnings estimates, reporting $0.61 EPS over $0.53 EPS. SNX's PowerRating (for Traders) is 5.
Infosys (NasdaqGS:INFY - News) reports earnings on Friday before the market opens, with traders looking for $0.51 EPS. INFY's PowerRating (for Traders) is 5.

Labels: ANN, BAC, CFC, Countrywide Financial, IHS, INFY, SHFL, SNX, Stocks to Watch

On Friday the stock market continued to fall with the Dow plunging 223 points and the Nasdaq falling 68 points. The show guided investors through the difficulties of profiting in a down market. Najarian suggests Cisco Systems (CSCO) as a buying opportunity here. He also likes Apple (AAPL) which he mentioned is now selling the iPhone in Germany and soon China. Adami likes EMC (EMC) calling it a real story. Seymour recommends Microsoft (MSFT) and Finerman agreed. Finerman also thinks Altria (MO) is smoking and Adami recommends Unilever (UL). Najarian thinks international and weak dollar plays like McDonald's (MCD) and Coke (KO) will continue to work.Bank stocks like Wachovia (WB), JPMorgan (JPM), and Bank of America (BAC) finished up on Friday. Najarian was with Citigroup (C). He mentioned that the Financial Select Sector SPDR Fund (XLF) saw 2-to-1 call options buying on Friday.
Word on the Street Merck (MRK) announces plans to pay $4.85 billion to settle most of the remaining Vioxx lawsuits. Adami recommends buying GlaxoSmithKline (GSK) here.E*Trade (ETFC) fell 13% after hours.
Retailers Wal-Mart (WMT) and Macy's (M) are set to report earrings next week. One interesting name to look at is low cost retailer TJ Maxx (TJX) which could be benefiting from consumers looking to save money. Finerman is sticking with Wal-Mart for a long term investment. Macke advises buying The Gap (GPS) and GameStop (GME).
Steel Trade Bearish news from both the housing and auto sectors has helped push U.S. Steel (X) down 7% this week. Seymour mentioned that possible suitors include POSCO (PKX) and some Russian steel makers. Seymour would watch is Mechel (MTL) as well.
Pops & Drops Pops- Monsanto (MON) traded up 3.5% after the company said it will double profits to the tune of $8 billion over the next five years.Allstate (ALL) traded up 4% after Citigroup upgraded the stock.Drops- Clearwire (CLWR) plunged 38% after Sprint Nextel (S) canceled a deal.Washington Mutual (WM) fell 11% off a investigation started by New York Attorney General Andrew Cuomo into the bank's dealings with mortgage appraisers.Fannie Mae (FNM) fell 6% after reporting a loss for the third-quarter.Whirlpool (WHR) fell 4% off a negative Barron's article.NASDAQ (NDAQ) dropped 10% after private equity firm Hellman & Friedman sold 23 million shares.
MisfiresOn October 25th Adami was a buyer of Sotheby's (BID) and since his call the stock fell 8%.October 2nd Finerman recommended buying Kohl's (KSS) and since her call, the stock has been crushed falling 20%. Najarian advocated buying Cisco Systems (CSCO) ahead of the earnings report and was dead wrong and Cisco fell 10% since his call on Tuesday.
Quicker Than the TickerOn October 15th Najarian said buy SunPower (SPWR) and Suntech (STP). He nailed the call and the stocks screamed up by as much as 50%.November 2nd Seymour picked Russian cellphone providers VimpleCom (VIP) and Mobile Telesystems (MBT). Seymour was right and both stocks climbed 6% in 5 days.October 15th Finerman recommended Flowserve (FLS). She was deadly accurate and the stock climbed 20% since her call.October 25th Adami suggested shorting Exxon Mobil (XOM) ahead of earnings. Adami was correct and XOM fell 4% after missing earnings.
Final Trade (Green)Adami favors BorgWarner (BWA) for a play on fuel efficiency and emissions control.Najarian feels positive about Energy Conversion Devices (ENR).Seymour recommends Powershares Water Resources ETF (PHO).Finerman likes Kaiser Aluminum (KALU).

Labels: AAPL, BAC, CSCO, EMC, ETFC, Fast Money Recap, GME, GPS, GSK, JPM, KO, MCD, MO, MRK, MSFT, MTL, TJX, UL, WB, XLF

Wall Street pared its losses to trade flat Thursday, but remained uneasy as disappointing results from Bank of America Corp. provided further evidence that the credit crisis is hurting the economy.
The Dow Jones industrial average, down as much as 60 points earlier in the session, rebounded in afternoon trading to nearly positive territory as bargain hunters entered the market, betting Thursday's dismal data could convince the Federal Reserve to lower rates again.
Still, investors remained spooked after BofA -- considered a bellwether for the banking industry because it has branches across the country -- said "significant dislocations" in the capital markets sent third-quarter profits down 32 percent. Citigroup Inc. and Washington Mutual Inc. reported similar results in recent days.
Banks and brokerages have been hurt during the third quarter in the fallout from the subprime mortgage crisis. As people with weak credit defaulted on loans at an alarming rate, it triggered a global aversion for risk that led the credit markets to freeze up.
Treasurys rallied and the dollar fell to a new low against the euro after the Labor Department said the number of newly laid off workers filing claims for unemployment benefits shot up last week by the largest amount since February. The report was far worse than economists expected, and signaled that the labor market could be starting to weaken from a downturn in housing and the global credit turmoil.
Source: Joe Bel Bruno, AP Business Writer

Labels: BAC, C, ETFC, GOOG, WM

Here are 7 stocks for traders for Thursday from TradingMarkets.com:
eBay (NasdaqGS:EBAY - News) smashed earnings expectations on Wednesday, announcing $0.41 EPS over an expected $0.33 EPS. EBAY's PowerRating (for Traders) is 5.
Alliance Data (NYSE:ADS - News) also beat earnings Wednesday, with $1.01 EPS over a consensus of $0.93 EPS. ADS's PowerRating (for Traders) is 5.
Bank of America (NYSE:BAC - News) reports earnings on Thursday before the bell, with analysts looking for $1.06 EPS. BAC's PowerRating (for Traders) is 5.
Commerce Bancorp (NYSE:CBH - News) is looking to report $0.41 EPS before the market opens on Thursday morning. CBH's PowerRating (for Traders) is 7.
Dow Jones (NYSE:DJ - News) should report $0.22 EPS on Thursday morning before the bell. DJ's PowerRating (for Traders) is 5.
Analysts are watching for Continental Airlines (NYSE:CAL - News) to report $2.19 EPS on Thursday before the market opens. CAL's PowerRating (for Traders) is 5.
Pfizer (NYSE:PFE - News) should announce $0.52 EPS tomorrow morning. PFE's PowerRating (for Traders) is 5.
Published by TradingMarkets.com

Labels: ADS, BAC, CAL, CBH, DJ, EBAY, Hot Stocks, PFE

Company
Market Cap (billions)
Yield
General Electric (NYSE: GE)
$424
2.7%
AT&T (NYSE: T)
$258
3.4%
Citigroup (NYSE: C)
$232
4.6%
Bank of America (NYSE: BAC)
$223
5.0%
Vodafone (NYSE: VOD)
$193
3.9%
Pfizer (NYSE: PFE)
$169
4.8%
Home Depot (NYSE: HD)
$55
2.8%

Source: Fool.com

Labels: BAC, Blue Chips, Dividends, GE, HD, Hot Stocks, PFE, T, VOD

Wall Street extended its rally in early trading Thursday after a $2 billion capital infusion into Countrywide Financial Corp. relieved investors concerned about widening credit problems.
Bank of America Corp. announced late Wednesday it will invest the money into the nation's largest mortgage lender to help it better weather problems with defaulting subprime loans. The investment was seen as a way to not only prop up Countrywide, but also prevent any further losses at the mortgage lender from hurting the underlying economy.
The move was reaassuring to investors, although a number of major banks and home lenders continue to face difficulties. On Wednesday, Lehman Brothers Holdings Inc. said it would close its BNC Mortgage unit and slash 1,200 jobs; HSBC Holdings PLC and Accredited Home Lenders Holding Co. also said they would eliminate jobs.

Labels: BAC, CFC, LEH

Billionaire investor Warren Buffett may buy parts of beleaguered mortgage lender Countrywide Financial Corp (NYSE:CFC - News), some investors are speculating, according to The Wall Street Journal.
Countrywide's debt-servicing business and its portfolio of mortgages and mortgage-backed securities may be attractive to Buffett, the Journal reported on its Web site on Monday, citing unnamed investors.
Like many mortgage lenders, Countrywide has struggled with rising delinquencies and foreclosures, and an unwillingness among bankers to extend credit, and among investors to buy the loans it makes.
Countrywide, which is being closely monitored by U.S. regulators, sought to reassure investors earlier on Monday that it is safe to do business with the company.
Buffett has been increasing his stake in financial services companies, including those with significant exposure to the mortgage market.
Earlier this month, Buffett's investment company Berkshire Hathaway Inc (NYSE:BRK-A - News; NYSE:BRK-B - News) disclosed an investment in Bank of America Corp (NYSE:BAC - News), one of the six largest U.S. mortgage lenders, in a regulatory filing.
Berkshire is also a long-time shareholder in Wells Fargo & Co (NYSE:WFC - News), the second largest U.S. mortgage lender after Countrywide.
Wells Fargo has largely been spared the subprime mortgage-related woes afflicting smaller rivals, helped by its conservative underwriting standards.
Buffett told TV network CNBC last week that the worsening credit and housing markets may present some "real" investment opportunities.
Berkshire officials were not immediately available for comment. Buffett does not discuss what Berkshire is presently buying and selling.
Published by Reuters

Labels: BAC, BRK-A, BRK-B, CFC, Warren Buffett, WFC

Warren Buffett has added Bank of America Corp. to his Berkshire Hathaway Inc.'s bank holdings.
According to a filing with the Securities and Exchange Commission, Omaha-based Berkshire Hathaway (NYSE:BRKA - News) held 8.7 million shares of Charlotte-based BofA at the end of June. The stake was valued at $425.3 million.
It's uncertain whether BofA (NYSE: BAC - News) will become one of Buffett's long-term holdings.
Buffett also added to his long-time holding in Wells Fargo & Co. (NYSE:WFC - News), bringing the value of his stake in the San Francisco bank to more than $9 billion as of June 30.
He also added to his stake in Minneapolis-based U.S. Bancorp.
Published August 16, 2007 by the Charlotte Business Journal

Labels: BAC, BRKA, Warren Buffett, WFC

Here are 7 options to watch for today. This list comes directly from the TradingMarkets Options Indicators page. The list is created using OptionVue options analysis software.
Most Underpriced Calls: These are the most under priced calls of all stocks in our database. While the Equities Explosion List finds groups of calls for individual equities that are under priced, this list finds the most under priced individual calls. Thus, the options listed here will tend to be more severely under priced.
Pozen Inc. Sep 22.5 Calls (NasdaqGM:POZN - News). POZN's PowerRating is 7.
Most Underpriced Puts: These are the most under priced puts of all stocks in our database. While the Equities Explosion List finds groups of puts for individual equities that are under priced, this list finds the most under priced individual puts. Thus, the options listed here will tend to be more severely under priced.
Ryerson Inc. Aug 35 Puts (NYSE:RYI - News). GOOG's PowerRating is 7.
Most Overpriced Calls: These are the most overpriced calls of all stocks in our database. While the Equities Implosion List finds groups of calls for individual equities that are overpriced, this list finds the most overpriced individual calls. Thus, the options listed here will tend to be more severely overpriced.
Baidu.com Aug 200 Calls (NasdaqGS:BIDU - News). BIDU's PowerRating is 10.
Most Overpriced Puts: These are the most overpriced puts of all stocks in our database. While the Equities Implosion List finds groups of puts for individual equities that are overpriced, this list finds the most overpriced individual puts. Thus, the options listed here will tend to be more severely overpriced.
Mastercard Inc. Aug 140 Puts (NYSE:MA - News). MA's PowerRating is 6.
Stocks with Abnormal Call Volume: These are stocks which showed unusual call option volume not easily explained by arbitrage operations. The appearance of a stock on the Call Volume Alerts list suggests a possible takeover, extraordinarily good earnings report, or other news which may favorably affect the stock.
Apple Inc. (NasdaqGS:AAPL - News). AAPL's PowerRating is 6.
Stocks with Abnormal Put Volume: These are stocks which showed unusual put option volume not easily explained by arbitrage operations. The appearance of a stock on the Put Volume Alerts list suggests an extraordinarily negative earnings report, or other news which may negatively affect the stock.
Bank of America Corp. (NYSE:BAC - News). BAC's PowerRating is 5.
Abnormal Put/Call $ Volume: These stocks have the highest dollar put volume in relation to their call volume. These high ratios are indicative of extreme bearish sentiment in the underlying stock.
Mirant Corp. (NYSE:MIR - News). MIR's PowerRating is 7.
PowerRatings are courtesy of TradingMarkets.com

Labels: AAPL, BAC, BIDU, Hot Stock Options, MA, MIR, POZN, RYI

Here are 7 stocks for traders for Thursday from TradingMarkets.com:
Bank of America (NYSE:BAC - News) reports quarterly earnings on Thursday before the market opens; look for $1.20 EPS. BAC's PowerRating is 4.
Continental Air (NYSE:CAL - News) should report $1.79 EPS on Thursday morning before the bell. CAL's PowerRating is 4.
When Dow Jones (NYSE:DJ - News) releases earnings on Thursday morning, look for $0.45 EPS. DJ's PowerRating is 7.
Analysts are watching for International Game Technology (NYSE:IGT - News) to report $0.39 EPS on Thursday morning. IGT's PowerRating is 5.
Motorola (NYSE:MOT - News) looks set to announce flat earnings ($0.00) tomorrow morning. MOT's PowerRating is 4.
Nucor (NYSE:NUE - News) announces earnings on Thursday morning, with most analysts expecting $1.15 EPS. NUE's PowerRating is 6.
Reliance Steel (NYSE:RS - News) is hoping to report $1.57 EPS on Thursday morning. RS's PowerRating is 6.
PowerRatings (for Traders) are courtesy of TradingMarkets.com

Labels: BAC, CAL, DJ, IGT, MOT, NUE, RS

A consortium led by Royal Bank of Scotland PLC said Tuesday it will launch a hostile bid of 71.1 billion euros ($95.5 billion) for ABN Amro, topping a friendly offer from Barclays PLC and pressing Bank of America Corp. for control of the Dutch bank's U.S. arm.
The offer by the RBS group is for 38.40 euros ($51.59) per share of ABN Amro Holding NV, mostly in cash. It is at least 10 percent more than Barclays' all share offer worth 34.69 euros ($46.59) at current levels. ABN Amro's shares fell 0.6 percent to 35.87 euros ($48.19), suggesting serious investor doubts about which deal will prevail.
Either bid, if successful, would be the largest in the history of the financial industry.

Labels: ABN, BAC, BCS, STD