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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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- 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
- eBay: Q3 Looks Good but Q4 Guidance Disappoints by Greg Feirman
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India- Indian Economy Has Much to Cheer About by Equitymaster
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New ETFs- First Trust Launches Infrastructure ETF with Global Reach by Index Universe
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Latest Comments17 Comments
Clueless - Cramer's Mad Money (10/8/08)
Our sec. chairman should be fired immediately.
Making Up Rules - Fast Money Recap (9/26/08)
SEPA Report Showing End-Market Demand Disconnect Could Sink First Solar, SunPower
If you care about this issue, NOW is the time to speak up!
www.sec.gov/cgi-bin/ru......
Polysilicon-Based PV Manufacturers: Clarifying the Financial Issues
SOL, LDK, CSIQ,SPWR, .....YGE, ESLR ...are good compnies .There are more POSsibility of merger. Take out candidate SOL. SOLF.
WE have more corruption then CHINA. People have made moe money in chinese stock then american stock. Check it out your 401 k?????
JIM cramer bassing chinese compnies , why ?????Nobody knows.
China Architectural Engineering: Building Blocks for Success
Antigenics, Dendreon and Cell Genesys Find Hope in Overseas Treatment Approvals
Russian Roulette Pays Off for Antigenics
The AMBAC Bailout Plan is Really About Banks Saving Their Own AAAsses
Reality Check: First Solar and Tellurium
Insiders can exercise the option but should not allow to sell the same day. There should be some kind of window , a week or month. This is a big issue but our COCX is a sucker and he will not take any action unless some body talk on CNBC.
I am sorry this is off topic but very important for small investors.
Solar Stocks Are Overheated
Buying Yahoo Ahead of the Alibaba IPO
Buying Yahoo Ahead of the Alibaba IPO
Know The Components of Your ETFs
In late 2006, Ninetowns launched tootoo.com, its first full featured entry into the B2B marketplace. Although financial results have yet to be reported for tootoo.com, a look at the Alexa ranking shows that tootoo.com is experiencing significant traffic. Tootoo.com has a current Alexa rank of 2,045 compared to a rank of 2,098 for competitor Global Sources, 374 for MadeinChina.com, and 97 for Alibaba.com.
Although a high Alexa rank doesn’t necessarily translate into revenues and profits, the quick jump in traffic at tootoo.com does show that Ninetowns has the ability to leverage their current customer base.
A few weeks ago Ninetowns announced the next step in its B2B strategy. By acquiring Baichuan, a leading Chinese vertical search engine, Ninetowns plans to offer industry specific web search for suppliers and buyers engaged in Chinese international trade. In order to enhance the quality and relevancy of search results, Ninetowns plans to use the supplier verification technology from its existing iDeclare and iProcess service platforms.
The Baichuan acquisition allows Ninetowns to merge tootoo.com with Baichuan’s yaphon.com. Baichuan has entered into alliances with more than 30 Chinese B2B portals with access to 400,000 suppliers and 1.5 million products. Baichuan also introduced the Total Quality Sourcing (TQS) ranking algorithm to improve search result relevancy and quality. By combining TQS and Ninetowns supplier verification system, Ninetowns hopes to gain a competitive advantage over the competition by focusing its search results on companies that have passed multiple quality standards.
copied from yahoo message board
Know The Components of Your ETFs
I was having an interesting discussion this morning about who, if anybody, can challenge the Alibaba/Global Sources duopoly at the top of the Asian B2B tree. I look forward to receiving the calls from both of you saying that you can't be compared. The conversation will continue ladies and gentlemen.
EC21 is arguably sailing in the same ocean, although about a continent behind. Others like TradeEasy chug around in a much smaller pond.
No, the ones that catch my eye are those who are building strong positions in verticals. It's no coincidence in my opinion that Zhejiang Netsun had for a while (I haven't checked recently) the highest market cap of any stock on the Shenzhen stock exchange.
So, it caught my eye that those good folk at Ninetowns are pushing into verticals. Their tootoo.com has a cute name and is trying to compete with its quality rating scheme. But, it's interesting to seem them making some tactical purchases such as this Rmb5 million acquisition of 22% in Hangzhou Tophere Info-Tech Inc. The press release notes that:
Through its B2B website (www.21food.cn), Tophere has successfully conducted various trade transactions between domestic buyers and suppliers. Currently, Tophere employs approximately 80 full-time employees in China, and has approximately 1,000 paying members. In addition, Tophere has accumulated information of 149,000 food and beverage products available from over 136,000 Chinese suppliers.
copied from nine message board
Know The Components of Your ETFs