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Hitesh Patel

Hitesh Patel
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  • There's no drought in California, but a scarcity of workers in the high unemployment state could send fruit and vegetable prices higher. "We just left them in the ground," says a farmer of some of his crops after being unable to find pickers. How about local residents instead of illegals? "None. Absolutely none (are interested)," he says, even for semi-skilled work paying $12-18/hour. [View news story]
    might need border checks to prevent the mexicans from leaving. No go pick that fruit from the farm for $2/hr!
    Aug 20 01:58 PM | 1 Like Like |Link to Comment
  • Goldman's David Kostin defends his year-end S&P 500 target of 1250, telling clients to exit stocks before the fiscal cliff hits. He says the chance of Congress not reaching an agreement is greater than what most investors believe, and harks back to last year when the S&P dove 11% in 10 days amidst the debt ceiling fracas (providing a great buying opportunity, no?). [View news story]
    Bite your tongue on AAPL. The lines are going to be around the corner for the iphone 5 with the bigger screen and the iTV for $3000 is a bargin when you think about all the cool stuff you'll be able to do. The only thing that will be missing is the iHome theater system, i can;t wait for it, then i'll be able to sync all my iGadgets together in harmony.

    AAPL 1 trillion or bust
    Aug 20 01:55 PM | 1 Like Like |Link to Comment
  • There's no drought in California, but a scarcity of workers in the high unemployment state could send fruit and vegetable prices higher. "We just left them in the ground," says a farmer of some of his crops after being unable to find pickers. How about local residents instead of illegals? "None. Absolutely none (are interested)," he says, even for semi-skilled work paying $12-18/hour. [View news story]
    everyone wants to work in an air conditioned building with coffee breaks, lunch breaks, cigarette breaks, water cooler breaks, and office gossip chatter.... "I ain't pickin no damn fruit on a farm"
    Aug 20 01:49 PM | 3 Likes Like |Link to Comment
  • Apple (AAPL +1.6%) is making new highs yet again (previous) after Goldman reiterates a Conviction Buy. Commenting on recent WSJ reports (I, II) about an Apple set-top box, the firm thinks it's most likely evidence Apple plans to offer both a set-top box and a TV set. Some reasons for Apple to produce a set-top box, in spite of the cable industry's wariness: they're cheaper than TVs, have shorter upgrade cycles, and (like the iPhone) are typically subsidized. [View news story]
    I can't wait to buy a iTV for 3000 so I can throw away my 55 inch samsung led i bought a few months ago for 700.
    Aug 20 11:40 AM | 2 Likes Like |Link to Comment
  • Capstone is making a bullish call on Facebook (FB -0.8%), upgrading shares to Buy after airing concerns at higher levels about the company's valuation, ad monetization, and growth in developed markets. But that hasn't kept Facebook from falling below $19; shares are now down over 50% from IPO levels. [View news story]
    They Realized they have to pump in order to dump, but their are no retail investors left and the other institutional owners are not going to fall for the same tricks they themselves use. Good Luck unloading at a higher price Capstone. Now you know what retail investors have been feeling for a decade
    Aug 20 10:50 AM | 4 Likes Like |Link to Comment
  • Companies have reportedly seen a "flood of resumes" from Zynga (ZNGA) developers looking to leave. Meanwhile, those inside the company describe morale as "grim" and "anxious." An anonymous Zynga employee recently described a culture of long workweeks, broken promises, office politics, and no innovation. With employee discontent predating Zynga's IPO, equity grants might not be enough to prevent a huge brain drain in the face of a crashing stock price. [View news story]
    The game developers have already made swiss cheese of the youth of this country with their retarded games. Parents have forgotten to actually play with kids or have conversations with them because either the idiot box is on or waste of time game consoles. Zynga, EA, and the like couldn't fail fast enough
    Aug 10 11:47 PM | 1 Like Like |Link to Comment
  • Online travel names head south in response to Priceline's soft Q3 guidance. EXPE -3.2% AH. TRIP -6.3%. Of particular concern is Priceline's guidance for a 12%-20% Y/Y increase in international gross bookings (heavily tied to Europe), which is well below Q2's 33%, not to mention Q1's 54%. Also, guidance for Q3 revenue growth of 9%-15% isn't close to a 24% consensus. OWW and TZOO could also be under pressure tomorrow. PCLN -15.4% AH. The CC has started (webcast). [View news story]
    Almost down a $100 in after hours. I guess the Travel business is slowing. Perhaps people are putting off vacations since they have no money or are afraid of losing thier job while they are gone
    Aug 7 05:11 PM | Likes Like |Link to Comment
  • Fed Open Market Committee: The Fed repeats it stands ready to ease as needed. For now, there are neither additional stimulus moves, nor an extension of the low-rate pledge past late-2014.  [View news story]
    One bullit left. Bernanke has to wait til the bear is much closer before he uses it or else it will only scathe him and have no effect
    Aug 1 02:22 PM | 3 Likes Like |Link to Comment
  • AT&T: An Insider Just Made A $2 Million Purchase In This Telecom Stock [View article]
    I just sold all my T @ 38
    Aug 1 01:32 PM | Likes Like |Link to Comment
  • The criminal investigation into JPMorgan's (JPM) CIO trading loss turns potentially explosive after the bank informed authorities three London traders may have tried to hide losses (which led to the restating of Q1 earnings). The investigation now shifts from looking at the personal trades of those involved to one of fraud.  [View news story]
    JPM...Priced to make believe..just like the entire banking sector
    Jul 17 08:55 AM | 2 Likes Like |Link to Comment
  • Bob Diamond (BCS) snaps back at claims he lied before parliament last week, writing to the Treasury Select Committee Chair: "I was dismayed that you and some of your fellow Committee members appear to have suggested I was less than candid ... The comments ... have had a terribly unfair impact upon my reputation."  [View news story]
    He went from EVIL to Dr EVIL
    Jul 10 04:23 PM | Likes Like |Link to Comment
  • Barclays (BCS) was manipulating Libor to make markets think the bank was in better shape than it was and to make a profit for their trading desks around the world, the CFTC's Gary Gensler tells CNBC. Last week's settlement involved not just the U.K.'s FSA, but also the CFTC.  [View news story]
    another 20-30 million fine...i mean payoff...and it will business as usual
    Jul 2 12:55 PM | Likes Like |Link to Comment
  • Facebook's (FB) creation of .facebook e-mail addresses for its 900M+ users is turning into a PR fiasco. Not only are many users upset the new addresses have become their default e-mail option (including for Facebook contact info on mobile devices), complaints have emerged that e-mails are being lost, failing to appear even in Facebook's messages inbox. Facebook attributes such complaints to user "confusion" over where e-mails end up.  [View news story]
    I thought Suckerberg was spending all his time on developing the "user experience"....I guess not.
    Jul 2 12:54 PM | 4 Likes Like |Link to Comment
  • Wells Fargo (WFC) joins the list of banks adding fees where they can to make up for fee reductions mandated by Dodd-Frank. The bank plans to implement a $5/month fee for those checking accounts not maintaining a $1,500 balance or otherwise behaving as the bank wishes them to.  [View news story]
    exactly, all you need to do is write a check to a new institution and close all the accounts
    Jul 2 09:57 AM | 2 Likes Like |Link to Comment
  • It's a small step, but a step nevertheless, says Cullen Roche of today's pledge by Merkel, Hollande, Monti, and Rajoy for a €130B program to stimulate growth in the eurozone. "The euro is here to stay and we all mean it," said Monti. Fair enough, say euro traders, but at what value?  [View news story]
    This coming from the same babbleing idiots that change their commentary within the same day. The Euro is toast. The real question is when do they spring it on the unsuspecting sheep. No politician can be trusted, especially in a crises like the one in Europe
    Jun 22 03:14 PM | Likes Like |Link to Comment