Seeing as how today is Black Friday- that is, for everything except the stock market-I felt obliged to look into retail/services companies. The result? A recommendation that might be surprising to some of you: JOSB, or JoS. A. Bank Clothiers. [more]
An excerpt from the Jimmy Kimmel show I found absolutely hilarious.
Have an amazing Thanksgiving tomorrow everyone!
Today the supercommittee officially admitted defeat, leading to fears of drastic cuts to domestic and defense budgets as well as of further downgrades to the U.S. credit rating. It seems as if the committee members and both political parties are more concerned with pinning the blame on each other than actually solving the crisis. I know I'm sounding cynical, and there are some productive aspects of Congress (such as deciding pizza is a vegetable), but its 9% approval rating says it all. [more]
Yet again, our markets today were unnerved by the Eurozone crisis as bond yields in Spain and Italy creeped up to levels viewed as unsustainable. Meanwhile, Greece is still teetering on a financial precipice after the appointment of its new prime minister Lucas Papademos and the rest of the PIIGS nations continue to struggle. [more]
Three things that caught my attention today. [more]
“The Founders never assumed indefinite free speech. They assumed that after two weeks, any protest would be wiped out by smallpox.”
- Stephen Colbert on the temporary police eviction of OWS protesters in Zucotti Park and the constitutionality of the eviction.
Transdigm Group, in a nutshell, manufactures critical components of airplanes, such as ignition systems and controls, for the aerospace industry. With that said, I just read an interesting piece by fellow Fool Alex Moore a few days ago when I was looking at Transdigm as a potential stock investment that raised a few alarms: [more]
Italian premier Berlusconi has officially resigned as Italian Premier, to the result of ecstatic protesters who danced in conga lines and sang "Alleluia" in celebration. [more]
......just got roasted (couldn't help making that pun).
Whitney Tilson and David Einhorn must be patting themselves on the back for shorting this stock, as am I for getting the heck out of it a few weeks ago. The SEC investigation is probably scaring the crap out of investors and potential investors, as is this first sales miss in two years.
Today's Republican debate on CNBC was full of interesting tidbits, especially this one, in which Rick Perry tries to list the "three" agencies of government he would do away with. [more]
Just came across a credit card that actually......dare I say it......seems nice! Not another one of those "Gold" or "Platinum" or "Kardashian Kard" credit cards. Props to the advertising campaign, complete with the blog and the design of the card. The "By Invitation Only" adds a nice twist of exclusivity to it too. [more]
Activision just released Call of Duty: Modern Warfare 3, and despite all the smack talk I'm hearing about how Battlefield 3 has better graphics, I would like to point out that Modern Warfare 3 still has better gameplay and is a better game overall. [more]
Nothing like some biting satirical humor to lighten up your day. One of the few Onion! articles that genuinely had me laughing out loud: [more]
Often called the "eBay of South America," Mercadolibre recently soared after reporting a blowout quarter, as elaborated upon by a Foolish article: [more]
That number is the result of a confidence vote today by the Greek parliament in Greek Prime Minister George Papandreou. Papandreou won the confidence vote by a margin of 8 votes. [more]
Its IPO is tomorrow on NASDAQ and is priced at $20, giving it a market value of $12.5 billion.
Boom or bust?
While everyone was breathing a sigh of relief over Greece's about face on the referendum and the ECB's surprising interest rate cut, Yahoo! News published an alarming article on the global output of carbon dioxide and subsequent global warming: [more]
"This brings all of the concerns about Europe back to the front burner." - Scott Brown, chief economist at Raymond James. [more]