Current Financial News

Apple Inc. Back to $89 a Share

iPod KamodeApple Inc. (NASDAQ:AAPL) beat Profit expectations and after-hours AAPL shares are up 8.5% to $89.  The iPod is still King and sold 22.7 million media players, up 3% and far exceeding Wall Street's expectations.

Yoda and Luke "You will be, you will be"

Bank of America (NYSE:BAC) and Citigroup (NYSE:C) shares are both up 13% after falling of the map yesterday. Fellow Stockmaster Eric Cheshier totally called this one in his article: Bank of America Shares are oversold. Hank Paulson is pulling a Luke Skywalker "I'm not afraid" of Citigroup Inc. and Bank of America Corp, the biggest U.S. banks by assets.  But the rest of the Nation is worried about the billions we keep throwing these Banks, and if Hank isn't afraid yet, to quote Yoda --  You will be, you will be.

AMD Reports on Thursday

yodaAMD Reports on Thursday, and as Yoda would say, "Death is a natural part of life. Rejoice for those around you who transform into the Force. Mourn them do not. Miss them do not. Attachment leads to jealously. The shadow of greed, that is." Let's get to the the earnings preview.

Randy Marsh, Obama ChangeTough day for the market as once again Citigroup (NYSE:C) and Bank of America (NYSE:BAC) take down the market and both stocks fall under $5 and change.  However, for President Obama and Change, well, Randy Marsh says it best.

Bank of America (BAC) shares oversold

Shares of Bank of America (BAC) are more oversold than tickets to the Obama Inauguration. Share price has floundered even lower during the last week, dropping below $10 a share to $5.97 in current trading.

The company, which earned $4 Billion in 2008, has aggreed to pay $475 to settle a class-action lawsuit filed by Ohio’s State Teachers Retirement System against Merril Lynch.

Another Look at the Obama ETFs

Obama CowboyThe time is upon us, Obama takes Office tomorrow, so let's review the Obama ETFs and make some money in the market. President Barack Obama is here to stay and rather than betting on a few companies that will prosper, buy a group of companies by using Exchange-Traded-Funds (ETF's). Think Green, anti-oil, alternative energy and most important, restoring the financial sector and our U.S. Banks...Gitty up.

Intel Corp. (INTC) at $13 a share, now what?

Intel Corp. (NASDAQ:INTC)Intel Corp. (NASDAQ:INTC) the chip giant is now trading at $13 a share, levels not scene since 1996.  The U.S. Recession has taken its toll on Intel Corp. after the company reported Q4 Profit falling 90% and now they must battle the analysts.

Donkey KongThe Masters wrote on Wednesday (Jan 14th) Gold has got to Comeback and since then, its been on like Donkey Kong.  The gains speak for themselves, this market is timing, if you listened to us, cash out Monday:

Company  Last Price  Wed Price Fri Price 2 Day Gain
Yamana Gold Inc. (USA)  AUY   $      6.05  $      6.85 13.2%
Kinross Gold Corporation (USA)  KGC   $    16.43  $    17.89 8.9%
Agnico-Eagle Mines Limited (USA)  AEM   $    45.60  $    50.45 10.6%

Citigroup and Bank of AmericaBank of America (NYSE:BAC) shares fell 13% and Citigroup Inc. (NYSE:C) down 8% finishing the day at just $3.50. The hottest rumor on Wall Street today was that the government was planning to effectively nationalize Citigroup Inc. and Bank of America Corp., perhaps as early as this weekend.  Rumors are killing stocks these days.

Lego Steve JobsMan the news just gets worse for Steve Jobs, jokes aside, I believe we all feel for the guy.  Apple Inc. (NASDAQ:AAPL) CEO Steve Jobs is considering a liver transplant as a result of complications after treatment for pancreatic cancer in 2004, according to people who are monitoring his illness.