January 2009
January 27, 2009 –
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RELATED TICKERS: WFC
, BRK-A
, BRK-B
Wells Fargo (NYSE: WFC) enjoys a reputation as one of the best-run lenders in the country. Warren Buffett's Berkshire Hathaway (NYSE: BRK-A) is the largest shareholder, arguably the finest endorsement a company can obtain. I own a few shares myself. And yet … [more] [more]
January 14, 2009 –
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RELATED TICKERS: GE
, C
, TYC
It's an enormous, sprawling firm that is exposed to the credit crisis and the health of the global economy. A blue-chip institution whose stock has lost over half of its value over the last twelve months. No, I'm not referring to ailing banking giant Citigroup (NYSE: C), but rather to industrial and financial conglomerate General Electric (NYSE: GE). Is a break-up the answer to the challenges it faces? [more]
January 12, 2009 –
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RELATED TICKERS: C
, GS
, JPM
On Friday, Robert Rubin resigned from his position as senior advisor to Citigroup (NYSE: C) and indicated that he would not seek re-election to the bank's board. His tenure at Citi has tarnished the reputation he built as a talented, nimble leader at the head of Goldman Sachs (NYSE: GS) and as Secretary of the Treasury for the Clinton administration. [more]
January 10, 2009 –
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RELATED TICKERS: C
, BAC
, JPM
In a shocking switch, banking giant Citigroup (NYSE: C) is now supporting a Senate bill that would enable bankruptcy judges to modify the rates and principal amounts of mortgage loans on first homes. [more]
January 09, 2009 –
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RELATED TICKERS: BAC
, JPM
, C
By any standard, 2008 was an extraordinary year for investors. As chroniclers of these events, we ran out of superlatives halfway through the year; those of us who weren't alive during the Great Depression were presented with unfamiliar situations at every turn. In that context, selecting the biggest game-changer is no easy task. Our nominees are: [more]
January 07, 2009 –
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RELATED TICKERS: BAC
, JPM
, GE
If you follow the markets closely, you come across unusual situations from time to time. They are unusual because they appear so obviously profitable that they remind one of the joke about the finance professor who tells his student not to bother picking up a $100 bill lying on the sidewalk -- after all, if it were a $100 bill, the 'market' would have picked it up already. [more] [more]
January 06, 2009 –
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RELATED TICKERS: GE
, INTC
, XOM
An article published yesterday on Bloomberg.com contains a table summarizing the predictions of Wall Street strategists for the performance of the S&P 500 in 2009. They’re a pretty optimistic bunch, predicting an average increase of 17% this year (with a range between negative 3.2% and positive 44%!). Surely that’s great news for stock investors. [more] [more]
January 06, 2009 –
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RELATED TICKERS: AAPL
, GOOG
, MSFT
Fellow CAPS competitors, [more]
January 06, 2009 –
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RELATED TICKERS: BAC
, FNMA
, FMCC
IndyMac, the largest bank failure of 2008 other than Washington Mutual (and the third-largest in U.S. history), is back! The FDIC, which took over the thrift's operations last July, has reached an agreement to sell IndyMac to a group of investment firms. Is this a sign that banks, bank loans, and mortgage-related securities have finally become attractive? [more]
January 03, 2009 –
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RELATED TICKERS: AAPL
, GOOG
, MSFT
I began participating in CAPS yesterday by entering 194 picks (98 outperform, 96 underperform) before the market open. All picks were the result of a stock screen. I closed the day with a member rating of 89.96 -- it peaked above 95 during the day. [more]
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