Dan Poarch
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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...
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Oil Price- Oil Below $75: Increased Chance of OPEC Production Cuts by Money Morning
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Economy- Long Term, Financials Look Good by Michael Filloon
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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
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Media- A Triple Financial Whammy Afflicts Newspapers by Ken Doctor
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Telecom- Ten Ways to Invest in Louisiana by Stockerblog
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Financial- Switzerland Strengthens Its Banks; Short Interest Remains Low by Jessica Johnson
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India- Indian Economy Has Much to Cheer About by Equitymaster
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Japan- Sanyo Enters Thin-Film Market, Goes Up Against Sharp by Greentech Media
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- Too Early To Buy Homebuilders ETF by Larry MacDonald
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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 Comments127 Comments
Apple Confirms: No Online iPhone 3G Sales, In-Store Activation Only
Not being able to buy the phone online is definitely a PIA. I doubt there's any primary interest in a halo effect, I think this partially ATT trying to get Apple traffic into their stores, with the other intention being an anti-unlocking maneuver. Hope ATT has hired a whole new retail staff... Because their store attendants are idiots at best.
Blockbuster CEO: I Wanna Be Like Apple
Apple Facing Serious Downside Risk - Morgan Keegan
Research in Motion Unfazed by Apple
Still, I've never figured out what the attraction is. I find Blackberries needlessly complicated and therefore useless.
They are the little brother, not the other way around.
Buzz on the Second Coming of the iPhone
Why do people persist in asking a camera in their phone? Does your car make coffee, even though you drink a lot of coffee in your car? No. Confusing a phone with a camera kills the phone. I for one am glad that Apple keeps the camera function tame. It's a gadgety distraction from making a good phone. Not saying I wouldn't enjoy 5MP and a flash, but I'd rather have all of the other features are top-notch first.
GPS? I do think that would be a great addition. Though, that may be another diversion from making a great phone, especially if it affects the form factor, battery life, etc.
The iPhone Is Ready For Business - Gartner
I'd say the same for Exchange server and Windows... ; )
Research in Motion: Unlike Apple, No Slowdown in Subscriber Growth
Maybe the Blackberry is the new RAZR? Look at Google statistics for web traffic and you see the iPhone blowing out any other device. So maybe everyone is getting Blackberries because they can afford them, not because they really want a full-featured web browser. There is a market for both.
Besides, no one has proven that Apple's cutbacks aren't correct. What if 6 months from now Blackberry is sitting on millions of items in inventory and Apple is on target?
MacBook Air: In a Word, Impressive
- NO ONE WAS GROANING. I didn't hear one complaint about the keynote except for the fact that most of us couldn't get in because of a raft of VIPs. Again, I didn't hear one complaint.
- I used the Air and it's every bit as zippy as MacBook Pro on normal tasks. And yes, I was using the low-end version.
- Ethernet is supplied by a USB adapter, I would agree that wireless is unpredictable, but I wouldn't agree that it's unreliable. Once you find a connect, you're typically fine.
- You buy the battery, Apple covers the labor for replacement. So it's the same cost as buying a battery otherwise, you just have Apple do the work.
- Are you implying that Apple's behind on solid state drives? Apple's had a working modern OS for almost ten years. Does Dell?
This is not a laptop for everyone, but it will be fantastic for the people that want it. It's fast, light, great battery life, and it's a Mac. These will be selling like hot cakes come December.
Best Buy to Double Apple Presence in Stores
Forrester's 10 Reasons Why iPhone Is Not Ready for Enterprise Use
Price? I just don't see it. It's clearly holds value. We already know that it's worth 1.5x its current price. I doubt anyone is commodity shopping if they are really interested in bringing an iPhone into the Enterprise. Sure, the price will keep it out of a certain amount of shops, but Apple might not ever win those shops, nor should it.
3G: Myth. It's not the cure all that everyone wants. I have a 3G phone and unless you're in the middle of a large city it ain't there.
AT&T: You got me there. It's getting better, but it's still a lackluster network.
Larry: Good to see you coming around on AAPL. ; )
Eight Predictions for MacWorld 2008
iPhone Browsing Market Share Shows Importance of Usability
Apple Joins Microsoft in Fear Factor; Look to Lenovo
AT&T CEO Promises 3G iPhone Soon - Will it Freeze Demand?
There's a lot of expensive tech out there that just doesn't deliver. People love the iPhone because it delivers.
Slowly. Over. The. ... ED---GE. Network.
A Look Back at Zune - From the Future
Apple has never been the number one player, and probably won't be. You see, 6% market share is their strength. Whereas with Microsoft, the top player in the PC OS market should be able to do better than 6% in a sub-market like MP3 players.
In 2010, there will be a Zune after market in paperweights.