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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.
- Credit stays frozen. As frozen credit markets refuse to thaw, the cost of default protection on corporate bonds reaches new global records amid investor concerns the credit crisis will trigger corporate failures as companies struggle to finance their businesses. Interbank lending remains limited, and borrowing from the Fed's expanded discount window continued its trend of setting new highs every week, as the total daily average rose to $420.2B vs. $367.8B last week.
- Oil demand withers. The International Energy Agency warned Friday worldwide oil demand...
- The Macro View -SampleSeeking Alpha - The Macro ViewMarket Outlook
- An Outcry from Emerging and Developed Markets Alike by Jonathan O'Shaughnessy
- Long Term, Financials Look Good by Michael Filloon
- Round 3 of the Recession: Main Street by Paul Fekula
Oil Price- Oil Below $75: Increased Chance of OPEC Production Cuts by Money Morning
- Oil Down 48% from Highs by Bespoke Investment Group
- Oil & Gas Headed Lower as Economy Strikes Consumers by Michael Filloon
Economy- Long Term, Financials Look Good by Michael Filloon
- Round 3 of the Recession: Main Street by Paul Fekula
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- Investing Ideas -SampleSeeking Alpha - Investing IdeasCramer's Picks
- Farewell Financial Bear Raids - Cramer's Mad Money (10/14/08) by SA Editor Joan Wickham
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- Perhaps Industrials... Cramer's Stop Trading! (10/14/08) by SA Editor Joan Wickham
Long Ideas- Utilities Beginning to Generate Interest for Longs by Joe Kunkle
- The Long Case for Encore Capital by Value Investor Insight
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- Two Global Infrastructure Investment Opportunities in ETFs by Investment U
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Short Ideas- Why Short Sellers Are the Heroes of Wall Street by Investment U
- Salesforce.com: Pricey and Coming Down Fast by Charlie Bottle
- Google: 3Q Results Reveal Chinks in the Armor by Mark Krieger
- 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
- Is Google Feeling Lucky? by Sam Gustin
- Why Today Could Suck for Tech by Kevin Maney
Media- A Triple Financial Whammy Afflicts Newspapers by Ken Doctor
- Three Years On, Buying MySpace Looks Like One of Murdoch's Smartest Bets by Erick Schonfeld
- How Will Arbitron Fare in This Market? by Sreeni Meka
Telecom- Ten Ways to Invest in Louisiana by Stockerblog
- Earnings Preview: Electro-Optical Engineering by theflyonthewall.com
- Shared Docks Via WiFi All the Rage by Dean Bubley
Financial- Switzerland Strengthens Its Banks; Short Interest Remains Low by Jessica Johnson
- Reality Bites As Stocks Continue To Collapse by The Mole
- LIBOR Shows Worst Is Yet to Come for Credit Markets by Keith Fitz-Gerald
- Global Markets -SampleSeeking Alpha - Global MarketsChina
- An Outcry from Emerging and Developed Markets Alike by Jonathan O'Shaughnessy
- USANA Health Sciences Inc. Q3 2008 Earnings Call Transcript
- Perfect World Announces Share Repurchase Program by Trader Mark
- China: Hot Money Inflows Down, Nervousness Up by Michael Pettis
India- Indian Economy Has Much to Cheer About by Equitymaster
- India: RBI Cuts Cash Reserve Ratio by Equitymaster
- India: Markets Continue Downward by Equitymaster
Japan- Sanyo Enters Thin-Film Market, Goes Up Against Sharp by Greentech Media
Asia- Four International Dividend Stocks to Watch by David Hunkar
Eastern Europe- Reality Bites As Stocks Continue To Collapse by The Mole
- Alternative Energy Investing -SampleSeeking Alpha - Alternative EnergyAlternative Energy
- Seven Stocks for an Impending Apocalypse by H.J. Huneycutt
- Solar Shares Under Pressure From Credit Crunch and Pricing by Eric Savitz
- Trina Solar Looks Good, Though Market Yawns by Trader Mark
- The Electric Car Market: Wise Energy Use Stocks by Tom Konrad
- Investing in the Power of the Sea
- ETF Daily -SampleSeeking Alpha - ETF DailySector ETFs
- Too Early To Buy Homebuilders ETF by Larry MacDonald
- Utilities Beginning to Generate Interest for Longs by Joe Kunkle
- Two Global Infrastructure Investment Opportunities in ETFs by Investment U
New ETFs- First Trust Launches Infrastructure ETF with Global Reach by Index Universe
- Overview and Analysis of the Global Generic Drug Industry by Mike Havrilla
Emerging Market ETFs- Brazil Is the Best of BRIC by Carl T. Delfeld
- Playing the Market in Difficult Times by Jason Hamlin
- The Daily Dispatch -SampleSeeking Alpha - Daily DispatchWall Street Breakfast
- Wall Street Breakfast: Must-Know News by SA Editor Rachael Granby
US Market- An Outcry from Emerging and Developed Markets Alike by Jonathan O'Shaughnessy
- Wall Street Breakfast: Must-Know News by SA Editor Rachael Granby
Housing & Real Estate- Too Early To Buy Homebuilders ETF by Larry MacDonald
- Another 'Root Cause' That Isn't: Tumbling Home Prices by Tim Iacono
Transcripts- TrueBlue, Inc. Q3 2008 Earnings Call Transcript
- Polycom, Inc. Q3 2008 Earnings Call Transcript
ETF- Too Early To Buy Homebuilders ETF by Larry MacDonald
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Latest Comments3 Comments
Has Exxon Topped?
Really?
We need to take a look at what the rest of the world is doing. India came out with an affordable car for their middle class. Do you really think the Chinese will stop buying Buicks ? (the oldest brand of American car) Bouncing is a good thought. We will get used to higher gas prices in increments, that's the plan.
Can Big Oil Balance Shareholder Interest Against National Interest?
Well... the future is nanotechnology and only a few companies can afford to pour money into it's research. Think of the big picture...down the road.
This is what is so misunderstood.... Exxonmobil has diversified. They are heavy into nanotechnology. They are teaming up with auto manf. to develop new cars. They developed cleaner refinery technology to sell to others.
"... The ExxonMobil Baytown refinery announced Wednesday the start-up of new facilities that are expected to reduce sulfur content of motor gasoline it produces by 90 percent.
The three-year project included construction of the world's largest SCANfining unit, which uses ExxonMobil's proprietary SCANfining process to selectively remove sulfur from cracked naphtha while minimizing the loss of octane in the resulting gasoline...."
www.bizjournals.com/ho...
and here is a site you will enjoy checking out...
www.exxonmobil.com/Cor...
On Jul 12 02:32 PM TobyConsidin e wrote:
> I would far far rather see big energy companies restricted from investing
> in alternative energy that I would anything like what is suggested
> in this article. Why would a geological exploration and organic chemical
> manufacturer have anything to bring to the table in batter design,
> or in wind generation?
>
> Saying these companies have an expertise in "Energy" is just a small
> variation of the argument that drives companies to build conglomerates
> because their expertise in "Management"... A company does well, and
> is innovative, when it knows its market, maintains its focus, and
> performs. Energy is to broad a category. (The old SNL routine about
> the product that was both a floor wax and a desert topping comes
> to mind...)
>
> If you really believe that Big Oil is blocking the development of
> Alternative Energy because it interferes with rent seeking in their
> current markets, why on earth would you urge them to get more involved
> in that business? If COBASYS is the answer, then taking it private
> would be the best route for COBASYS, and the best economic alternative
> for Exxon would be to divest, not invest.
>
> I will never understand arguments that begin..."The Fox is in the
> hen coop. Lets create legislation that all Foxes must keep at least
> 10 chickens at all times...." And the shareholders of Exxon should
> be up in arms that they are not receiving tradeable interests in
> the spun-off company...
Exxon Mobil: An Unwise Investment For Now
Everyone go out there and check any other market cap against ExxonMobil.
ExxonMobil Market Cap 445.47B ...Solid.
Have you seen what this MegaCorp is into?
Sarnoff To Commercialize ExxonMobil's Nano Materials In Non-Petrochemical Markets
www.azonano.com/news.a...
..............
"...Most prototype hydrogen vehicles on the road today are powered by highly-compressed or liquefied hydrogen that is delivered to distribution points and then stored at high pressures on-board the vehicle. For these vehicles to be widely adopted a significant hydrogen generation and delivery infrastructure must be developed.
As the ExxonMobil system uses conventional fuels and produces hydrogen on demand, no such infrastructure or on-board storage would be necessary...."
www.bgu.ac.il/indcat/h...
...............
Sarnoff Enters Into Multi-Year Agreement with ExxonMobil to Develop Company’s Nanomaterials for Non-Petrochemical Markets
www.nsti.org/news/item...
...............
ExxonMobil technology developments
www.exxonmobil.com/app...
...............
Symyx Reels In Big ExxonMobil Contract
In a huge deal, high-throughput experimentation specialist Symyx Technologies has inked a five-year alliance with ExxonMobil worth more than $200 million.
pubs.acs.org/cen/topst...
................
This is the second year that ExxonMobil has participated in Idol Gives Back, which raised over $76 million for charity in its first year in 2007. During that program, ExxonMobil provided a $3-million “challenge grant” that matched donations by viewers to Malaria No More.
ExxonMobil has donated more than $121 million to organizations working in and benefiting Africa that are engaged in important community and social development projects, including $40 million through ExxonMobil Foundation’s Africa Health Initiative.
growthstockanalyst.com...