Current Financial News

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. 

Interesting read on today, pretty genius. Read the full article here: -- When Volkswagen’s share price exceeded the point where it made sense for Porsche to buy the company, a number of hedge funds realized that Volkswagen shares have nowhere to go but down. With Porsche out of the picture, there was simply no reason for VW to keep going up, and the funds were willing to bet on it. So they shorted huge amounts of VW stock, borrowing it from existing owners and selling it into circulation, waiting for the price drop they considered inevitable.

When Will Sirius XM File for Bankruptcy?

Outstanding story by Rick Aristotle Munarriz at about the fate of Sirius XM (NASDAQ:SIRI), he doesn't see the company filing for bankruptcy protection this year.  With Sirius shares at trading at 12 Cents and in May, $350 million in XM bank debt comes due then in December, a $400 million XM convertible must be repaid.  What to do but roll the dice?