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Stock Watch: Citigroup Inc. (NYSE:C), JPMorgan Chase & Co. (NYSE: JPM), Wells Fargo & Company (NYSE:WFC), Palm (NASDAQ: PALM)
Citigroup Inc. (NYSE:C), JPMorgan Chase & Co. (NYSE: JPM) and Wells Fargo & Company (NYSE:WFC) will cease insuring checking domestic accounts above the standard $250,000 limit, one year after the government set up the program to ease fears of deposit runs. The banks plan to exit the Federal Deposit Insurance Corporation’s Transaction Account Guarantee Program at year end. The program was among emergency measures created in October 2008 to shore up confidence in the banking system and avert a collapse of financial markets. Bank of America Corporation (NYSE: BAC) plans to opt out on October 16. -Bloomberg
Palm (NASDAQ: PALM) shares rose 8 percent on…
13Nov2009 | Jutia Group | 1 comment | ContinuedDollar General (DG) a Boost to Investors and the IPO Market. Walmart (NYSE: WMT) and Kroger’s (NYSE: KR) Mentioned
Several high profile initial public offerings are scheduled for the next few weeks. One we’re watching with particular interest is Dollar General (DG) . A discount retailer, Dollar General is expected to sell 34 million shares between $21-$23 next Friday, November 13th. The stock will trade on the New York Stock Exchange under the ticker “DG.”
In theory, Dollar General shares should perform well in this weak economy. With nearly 9,000 locations in 35 states, the company is a favorite of cost-conscious consumers. Dollar General competes with stores like Walmart (WMT) and Kroger’s (KR) Fred Meyer subsidiary by offering both name-brand and generic…
6Nov2009 | Invest With An Edge | 0 comments | ContinuedTechnology Rises and Buying Facebook: Google (NASDAQ: GOOG), Ebay (NASDAQ: EBAY), Mastercard (NYSE: MA), Amazon (NASDAQ: AMZN)
Technology stocks have done well this year. The Technology Select Sector SPDR (XLK) bottomed out in March and by late October was up more than 60%. Tech has performed better than any other sector year-to-date – up 33.7% as of Friday’s close.
Part of the tech gain is related to how new media companies are categorized. Some of the stocks that make up the sector probably don’t belong there. Companies like Google (NASDAQ: GOOG), Ebay (NASDAQ: EBAY), and Mastercard (NYSE: MA) are considered tech stocks. The first two inherited the space because they are more internet-based than other companies. However, Google is…
4Nov2009 | Invest With An Edge | 2 comments | ContinuedWall Street is About to Make a Fortune and You Can Too
Stock stories just don’t get better than this.
What if I told you I’ve found a relatively small company shaping up to be one of the future leaders in the lithium/hybrid car battery industry?
You’d be somewhat interested, right?
Well, what if I also to you this is not your average battery company. Its battery technology was developed at MIT. It was originally financed by Sequoia Capital – the same early investors behind YouTube, Cisco, eBay, Yahoo, etc. It has a close relationship with General Electric. The U.S. government has already cut a $249 million check to help it ramp up production. And finally…
29Sep2009 | Q1 Publishing | 0 comments | ContinuedU.S. Market Ripe for IPOs?
Goldman Sachs Group Inc.’s (NYSE: GS) initial public offerings (IPO) guru Tom Tuft has joined Bruce Wasserstein’s Lazard Ltd. (NYSE: LAZ) as chairman of Global Capital Markets Advisory and vice-chairman of its U.S. investment banking, in what could be a sign that the market for IPOs is thawing.
Tuft, a 33-year Goldman vet who co-founded its equity capital markets business in 1985 and became its chairman in 2004, was involved in several high-profile IPOs, including those of The Estee Lauder Companies Inc. (NYSE: EL) and RJR Nabisco Inc. He also advised Lazard on its own IPO in 2005.
A slowdown in…
20Aug2009 | Money Morning | 0 comments | ContinuedTech IPOs Are Back, But Don’t Buy This One
The IPO buzz is building… In a span of one month, the number of IPOs in 2009 doubled. Half have been tech IPOs.
Sure the tally stands at a pathetic six. But with over 100 deals waiting in the pipeline, the uptick is being closely watched.
Even more so, considering that last week’s debut of Digital Globe (NYSE: DGI) – a provider of satellite imagery used in Google Maps and Microsoft Virtual Earth – garnered interest reminiscent of the IPO heydays in the late 1990s.
Heck, it broke into Google’s Hot Trends list, meaning it was one of the fastest-rising search terms in the…
21May2009 | Investment U | 0 comments | ContinuedHot IPOs Coming Your Way: Why Innovation Will Lead Our Recovery
Most folks have long since left the IPO market for dead… and it’s no wonder.
Scan the financial markets and very little – if anything – is consistently moving in a positive direction. And the latest economic data – unemployment, home foreclosures, bankruptcy filings, consumer spending – only underscores how far and wide this recession is cutting.
One thing, however, keeps chugging along, undeterred – innovation…
Innovation Will Lead The Economy’s Recovery
“Innovation goes up while the economy goes down,” says W. Chan Kim, Fellow of the World Economic Forum. And history suggests he’s not wrong. In 1969, while the economy slumped 1.9%,…
29Apr2009 | Investment U | 0 comments | ContinuedCold IPO Market: Venture Funding Hits 12-Year Low
Capital venture firms in the Unites States invested only $3 billion in 549 deals in the first quarter – a 61% decline from the first quarter last year – hitting a low that dates back to before the dot-com bubble.
Investment activity was down 47% from the $5.7 billion invested in 866 deals in the fourth quarter last year, according to research by the non-profit National Venture Capital Association (NVCA) and PricewaterhouseCoopers LLP.
“Given the economic turmoil that began in the third quarter of 2008 and continued on into 2009, it’s not unexpected that the (venture capitalists) would pause to assess the impact…
22Apr2009 | Money Morning | 0 comments | ContinuedSmall Cap Gains: 2 IPOs the Entire Market Should Be Watching
Write this date (Feb. 11)… and these new IPO tickers down (OGAR and MJN).
Last week, we got the most bullish indicator for a small-cap rally yet. However, most investors didn’t catch it. And it received scant attention in the financial press, too.
But ignoring it could be a big mistake, as it could usher in the first round of sizeable small cap gains (50% or more). And I certainly don’t want you to miss out, so let me bring you up to speed…
We all know most investors abhor risk right now. That’s why they’re buying Treasuries at a zero yield, hoarding…
6Feb2009 | Investment U | 2 comments | ContinuedIPOs Dry Up in Developed World but Emerging Markets Show Promise
Initial public offerings ground to a halt this year in most of the developed world, as a credit crunch and bear market forced private companies to either postpone offerings, or cancel them all together.
But emerging market IPOs have flourished, accounting for 70% of the total value of public offerings worldwide since April 1.
Globally, the number of IPOs during the second quarter fell by 56% to 205, while the amount of money raised through IPOs fell 64% to $31.5 billion, according to data from Dealogic.
However, that steep decline was largely the result of a collapse in more advanced,…
31Jul2008 | Money Morning | Comments Off | Continued
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