One Million Reasons To Buy BlackBerry [View article]
Why does everyone miss the Blackberry game? It isn't about being Apple; it's about secure networks and everyone in Africa getting unlimited texting for $5....
Lenovo (LNVGY.PK) can't afford to buy BlackBerry (BBRY -4%) even if it wanted to, argues Pac Crest's James Faucette, trying to cool off fresh speculation on the subject. BlackBerry's current market cap of $7.4B isn't far removed from Lenovo's $11.2B, he notes. Moreover, Lenovo has only $4.1B in cash, and the company would have to hold onto $2.4B of it to maintain its traditional minimum cash-to-sales ratio of 7%. [View news story]
Considering BBRY prides itself on network security, I should think no chance of selling to a Chinese co....
Crude oil continues to march higher, May WTI taking out the $110/barrel level last seen in the summer of 2008 (it was on the way down then). OPEC contends the market is well supplied and thus cannot do anything to relieve prices. Perhaps Jeff Rubin and others are right and OPEC has no spare capacity. USO +1.4%. [View news story]
It's not capacity, guys, it's anxiety over capacity...and that draws the long money to the ETFs to make for a never-ending bid....
The about inline payroll report was just fine for stocks - where the Dow (DIA +1.2%) is up nearly 200 points at lunchtime - but it's too fast for Treasurys where the 10-year yield has jumped 7 bps to 2.14%, and the long bond price has dropped nearly a full point. [View news story]
Bernanke says the Fed "will strongly resist deviations from price stability in the downward direction" but has not agreed on specific criteria or triggers for future easing. He downplays concern that the economy would fall back into another downturn, saying the economy will continue to grow at a slow pace for the rest of 2010 and pick up in 2011. (full text) [View news story]
Fedspeak for: "The squeeze on the middle and upper middle class will continue in 2010 until there's no one left; then, the only choice is up..."
China is set to become the world's second-largest economy this year, an incredibly impressive feat for a still-developing nation that has 150M citizens below the poverty line. By 2020, China is likely to overtake the U.S. as the world's No. 1 economy. [View news story]
Really? Is anyone else concerned that the so-called oncoming largest economy (which means largest defense budget too,) which calls the shots on trade, is also communist? Sometimes I feel like we're selling our children to buy another Christmas....
More from the minutes on the March FOMC meeting: Several members say if labor market conditions improve as anticipated, it would probably be appropriate to slow purchases later in the year and to stop them by the end of the year. The consensus projection is that inflation will be subdued through 2015. [View news story]
Rephrased: "Since labor conditions will disappoint, QE will continue...."
Facebook (FB) workers love Mark Zuckerberg: the founder/CEO of the world's biggest social network has received a 99% approval rating from employees on Glassdoor; that's up from 2012's 85%. SAP co-CEOs Bill McDermott and Jim Hagemann, who have been trying to remake the software giant's culture, also come in at 99%. Other tech CEOs receiving high marks include EMC's Joe Tucci (96%), Qualcomm's (QCOM) Paul Jacobs (95%), Google's (GOOG) Larry Page (95%), and Citrix's (CTXS) Mark Templeton (95%). Tim Cook (AAPL) and Jeff Bezos (AMZN) both come in at 93%. [View news story]
One Million Reasons To Buy BlackBerry [View article]
Lenovo (LNVGY.PK) can't afford to buy BlackBerry (BBRY -4%) even if it wanted to, argues Pac Crest's James Faucette, trying to cool off fresh speculation on the subject. BlackBerry's current market cap of $7.4B isn't far removed from Lenovo's $11.2B, he notes. Moreover, Lenovo has only $4.1B in cash, and the company would have to hold onto $2.4B of it to maintain its traditional minimum cash-to-sales ratio of 7%. [View news story]
Crude oil continues to march higher, May WTI taking out the $110/barrel level last seen in the summer of 2008 (it was on the way down then). OPEC contends the market is well supplied and thus cannot do anything to relieve prices. Perhaps Jeff Rubin and others are right and OPEC has no spare capacity. USO +1.4%. [View news story]
GM Just Curbed Tesla [View article]
The about inline payroll report was just fine for stocks - where the Dow (DIA +1.2%) is up nearly 200 points at lunchtime - but it's too fast for Treasurys where the 10-year yield has jumped 7 bps to 2.14%, and the long bond price has dropped nearly a full point. [View news story]
The Market Is Doubting BlackBerry, But You Shouldn't [View article]
Modified Deep Discount Strategy For Apple, Geared Towards More Aggressive Investors [View article]
Market recap: Stocks rallied from the open and stayed sharply higher, as Ireland edged closer to a bailout, the Philly Fed report showed surprising manufacturing strength, and GM made a triumphant return to the public market. A weak dollar sparked a broad based rally in commodities, and Treasury prices pared losses. NYSE advancers led decliners three to one. [View news story]
Bernanke says the Fed "will strongly resist deviations from price stability in the downward direction" but has not agreed on specific criteria or triggers for future easing. He downplays concern that the economy would fall back into another downturn, saying the economy will continue to grow at a slow pace for the rest of 2010 and pick up in 2011. (full text) [View news story]
3 Moves To Make On The Verge Of Market Panic [View article]
China is set to become the world's second-largest economy this year, an incredibly impressive feat for a still-developing nation that has 150M citizens below the poverty line. By 2020, China is likely to overtake the U.S. as the world's No. 1 economy. [View news story]
More from the minutes on the March FOMC meeting: Several members say if labor market conditions improve as anticipated, it would probably be appropriate to slow purchases later in the year and to stop them by the end of the year. The consensus projection is that inflation will be subdued through 2015. [View news story]
Facebook (FB) workers love Mark Zuckerberg: the founder/CEO of the world's biggest social network has received a 99% approval rating from employees on Glassdoor; that's up from 2012's 85%. SAP co-CEOs Bill McDermott and Jim Hagemann, who have been trying to remake the software giant's culture, also come in at 99%. Other tech CEOs receiving high marks include EMC's Joe Tucci (96%), Qualcomm's (QCOM) Paul Jacobs (95%), Google's (GOOG) Larry Page (95%), and Citrix's (CTXS) Mark Templeton (95%). Tim Cook (AAPL) and Jeff Bezos (AMZN) both come in at 93%. [View news story]
Samsung And Apple: One Strange Relationship [View article]
An Explosive Rally In Gold And Silver Is About To Begin [View article]