Posts Tagged ‘stock’

(Lee Siler) - Big news this morning has Exxon/Mobil buying Natural Gas player XTO energy for $31 billion in stock. Exxon/Mobil will be issuing .7098 shares of their stock for each share of XTO. The deal helps XOM gain control of a huge portion of the natural gas market...The deal is valued at a 25% premium from Friday's close.

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(Lee Siler) - For the week, stocks moved slightly higher despite the dollar showing some strength. Last week, we saw a paradigm change as the weak dollar trade subsided and was now trading in concert with stocks. It had been a long time since we've seen stocks and the dollar trade in the same direction. Well Friday's surprising employment data got the dollar moving. The fact that unemployment dropped to 10% from 10.2% was a huge surprise. Wall Street applauded the news. However, I'm not sure that this is the start of a trend. I still think unemployment is a major issue and will likely jump back up to over 10.2% over the next few months.

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(Lee Siler) - This week, it's all about earnings and some of the biggest companies in the world are giving Wall Street a reason to stand up and cheer. Last night Intel beat expectations in every way. Not only did they beat with their earnings and revenue, but also beat on profit margin, while raising their revenue guidance. That was the tri-fecta of earnings reports. That said the stock is trading up pre-market and taking the rest of the market with it.

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(Lee Siler) - Stocks futures are indicating a flat opening, on comments from Ben Bernake that is strengthening the dollar. The stronger dollar is causing commodity prices to drop as well in early trading.

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(Lee Siler) - Things at General Motors are getting bleaker by the minute, as the company pulled an offering that would convert its debt to equity. The bondholders revolted the offer and gave GM no choice but to cancel the deal. This event will likely be the straw that breaks GM's back and pushes them into bankruptcy. On the news GM is down 12% and probably on its way to zero.

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(Lee Siler) - The major averages took a hit yesterday, as the banks sold off right from the open. After weeks of terrific performance, the financial stocks dropped on a wave of profit taking. As I mentioned yesterday, I sold all of my financial stocks and ETF's on Friday. I simply had a hunch that these stocks were way over done. Two months ago they represented some tremendous value. But, since then these stocks have made a parabolic move up. What's more, the banks that are in need of more capital will likely be doing secondary offerings and flooding the market with additional stock. This additional stock will cause some dilution and hence, will probably put some pressure on those issues. That said, there's not as much value in these stocks today...

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(Money Manager) - We have all seen the program on TV where the contestant answers questions and earns money. If they can answer enough questions they will win one million dollars. The dollar value of each question doubles and the difficulty of the questions increase as you move forward through the game.

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