Market recap: Stocks eked out small gains for the third-straight session but were limited as enthusiasm over reports over a Greek deal faded. Tech stocks were out front; Apple ended just shy of $500 as iPad 3 rumors and upbeat commentary added further fuel to shares. The euro rose vs. the dollar; oil prices settled near $100. NYSE decliners led advancers seven to six. [View news story]
Apple's (AAPL) price target is upped to $665 at Cannacord, which cites monthly channel checks indicating "very strong sales trends" for the iPhone 4S at all three U.S. carriers and overall strong iPhone sales in international markets. The firm increases its March quarter iPhone estimates to 32.6M units from 30.1M. (also) [View news story]
QE3 is not off the table even with an expanding employment market, says Bill Gross, heavily long Treasurys after an ill-timed bet against the paper in 2011. For today at least, Treasurys are taking it on the chin, the 10-year yield up 10 bps to 1.92%. TLT -2.1%. [View news story]
Bill WANTS QE2, so of course he's gonna talk about it....
Why would anyone go long treasuries at this point?
Looks like a repeat headline, but isn't: Negotiators say Greece and private creditors are close to a deal on a debt swap. Now, creditor reps Charles Dallara and Jean Lemierre may offer interest rates that would mean bigger losses for bondholders that would still be recouped if strong growth returns. (last weekend) [View news story]
Europe stocks rally time! Seriously, Ben Levisohn notes, panic appears to be abating a bit, as wobbly banks absorb their money flood and sovereign debt sales go better. Do you think there's value to be found in the Stoxx 50 (ETF: FEZ)? [View news story]
I wouldnt toss money at EU land until a couple of PIIGS default.
Stock markets have already digested a significant amount of very bad news, so there's no reason to fear an impending collapse, says Marc Faber. A rare turn for the uber-bear, who's know for his dire predictions. "My view is simply: relax." We have major support going back to August 2010, and even if the S&P does manage to drop, the Fed will just step in with another round of quantitative easing. [View news story]
The Time Is Now To Buy Bank Of America [View article]
Financemc, guess you havent been trading long. I bought the calls expecting a bounce. I got my bounce and got out. Pretty simple really. Option trades almost never consider long term fundamentals, but more on emotions of others or events. I was hoping people like you would bid up the stock, and you did, so thanks!
The BAC balance sheet is still full of holes, I havent seen anyone address that yet. If you want to take that long bet with stock, be my guest. I hope it works out for you! I'd rather be long WFC stock if I had to pick a bank.
But, I'd agree that BAC is the least crappy of the crap pile in some regards.
The Time Is Now To Buy Bank Of America [View article]
I am informed. I own calls at $5.00 which expire next week. Wont roll them... the bank problems havent gone away, despite what you might think. It's a nice trade, but it's just that for now.
It's real. That's the word (video) from MGM CEO Jim Murren on the chances that online poker will become legal in the U.S. He says Internet gaming will pass in 2012, turning an illegal multi-billion dollar business into a legal one. He counts MGM as one of the firms that will prosper from the coming boom. Other interesting poker bets: BYD, PTEK, BPTY.PK, WYNN. [View news story]
I dont understand on line poker or gambling.... anyone who trusts that it's run fairly seems to be misguided or at least over trusting.
Europe needs growth to get out of its mess, says Vanguard's Jonathan Lemco. However, you can't spur growth without confidence, and right now it's at a two-year low. The ECB is central to rebuilding that confidence, and one way to start would be to start buying the debt of peripheral countries in the secondary markets - despite German opposition. (video) [View news story]
How does buying Eastern Europe's debt spur confidence? It's the opposite for me! The Germans have it right!
Stocks: Why One More Major Correction Still Lies Ahead [View article]
Market recap: Stocks eked out small gains for the third-straight session but were limited as enthusiasm over reports over a Greek deal faded. Tech stocks were out front; Apple ended just shy of $500 as iPad 3 rumors and upbeat commentary added further fuel to shares. The euro rose vs. the dollar; oil prices settled near $100. NYSE decliners led advancers seven to six. [View news story]
Apple's (AAPL) price target is upped to $665 at Cannacord, which cites monthly channel checks indicating "very strong sales trends" for the iPhone 4S at all three U.S. carriers and overall strong iPhone sales in international markets. The firm increases its March quarter iPhone estimates to 32.6M units from 30.1M. (also) [View news story]
QE3 is not off the table even with an expanding employment market, says Bill Gross, heavily long Treasurys after an ill-timed bet against the paper in 2011. For today at least, Treasurys are taking it on the chin, the 10-year yield up 10 bps to 1.92%. TLT -2.1%. [View news story]
Why would anyone go long treasuries at this point?
Looks like a repeat headline, but isn't: Negotiators say Greece and private creditors are close to a deal on a debt swap. Now, creditor reps Charles Dallara and Jean Lemierre may offer interest rates that would mean bigger losses for bondholders that would still be recouped if strong growth returns. (last weekend) [View news story]
Europe stocks rally time! Seriously, Ben Levisohn notes, panic appears to be abating a bit, as wobbly banks absorb their money flood and sovereign debt sales go better. Do you think there's value to be found in the Stoxx 50 (ETF: FEZ)? [View news story]
Shares of Sears (SHLD +4.3%) climb on rumors that the embattled retailer will be taken private by Eddie Lampert. [View news story]
Stock markets have already digested a significant amount of very bad news, so there's no reason to fear an impending collapse, says Marc Faber. A rare turn for the uber-bear, who's know for his dire predictions. "My view is simply: relax." We have major support going back to August 2010, and even if the S&P does manage to drop, the Fed will just step in with another round of quantitative easing. [View news story]
The Time Is Now To Buy Bank Of America [View article]
The Time Is Now To Buy Bank Of America [View article]
The BAC balance sheet is still full of holes, I havent seen anyone address that yet. If you want to take that long bet with stock, be my guest. I hope it works out for you! I'd rather be long WFC stock if I had to pick a bank.
But, I'd agree that BAC is the least crappy of the crap pile in some regards.
The Time Is Now To Buy Bank Of America [View article]
The Time Is Now To Buy Bank Of America [View article]
Building A Highly Profitable 2012 Portfolio With Caterpillar Or Deere [View article]
We're not exactly building anything in the US or the EU either. So, who?
It's real. That's the word (video) from MGM CEO Jim Murren on the chances that online poker will become legal in the U.S. He says Internet gaming will pass in 2012, turning an illegal multi-billion dollar business into a legal one. He counts MGM as one of the firms that will prosper from the coming boom. Other interesting poker bets: BYD, PTEK, BPTY.PK, WYNN. [View news story]
Europe needs growth to get out of its mess, says Vanguard's Jonathan Lemco. However, you can't spur growth without confidence, and right now it's at a two-year low. The ECB is central to rebuilding that confidence, and one way to start would be to start buying the debt of peripheral countries in the secondary markets - despite German opposition. (video) [View news story]