Current Financial News

You’ve been waiting for them – it’s the top three Dividend Stocks for 2009. One of the key factors I used to narrow down the top three list this year is to look at the 52 week price performance. The three stocks I settled on have either a gain in the last year, or a very small loss. The reason? A company that’s down 50% during the year is going to be in panic mode, ready to cut its dividend to conserve cash. These stocks have no worries, plus, they're Dope.

Liz Claiborne at $3.00?

Liz Claiborne at $3.00 a share? It looks like the company is done for, after reading headlines that Liz Claiborne suspends quarterly cash dividend indefinitely. Does anyone really buy their clothes? They do own quite a few brands, might be worth a look at current levels... oh wait, they have close to a billion in debt. Nevermind.

How low can Oil Go? OPEC Worried

OPEC agreed today to reduce production by 2.2 million barrels a day, the largest cut ever done by OPEC, they are doing everything to prevent oil prices from falling.  How low can oil prices go, more importantly, which stocks to play?

Inter-Galatactic KeggerThe ProShares Ultra Financials (ETF)(Public, NYSE:UYG) gained $1 today or 20% to $6.15 a share, and the trend should continue tomorrow, its a party, and everyone is invited.

Safeway (SWY) is bouncing back

Safeway Inc. (Public, NYSE:SWY) has been on the move as of late, up 27% from its 52 week low of $17.19 in November.


There is good reason for the jump – Safeway has been making some business decisions that investors actually like. In a press release from December 4th, Safeway said profit next year could top analysts' expectations as it cuts prices to attract cost-conscious shoppers to its supermarkets and kept its 2008 forecast unchanged. The company expects identical store sales growth of 2 percent to 3 percent in fiscal 2009, excluding fuel sales, and still expects such sales to rise 1 percent to 2 percent in 2008.

All eyes on the Fed this week and their Ninja Tactics, WASHINGTON (MarketWatch) -- The Federal Reserve is likely to cut the federal funds rate as low as it can go at this week's meeting, and to begin shifting its focus to nontraditional policies.  But wait, we have more Ninja crap.

Take the time to watch the following story, it makes investing in the ProShares UltraShort Real Estate (ETF) (NYSE:SRS) a reasonable speculation, Video Attached. A Second Mortgage Disaster On The Horizon?  60 Minutes: New Wave Of Mortgage Rate Adjustments Could Force More Homeowners To Default. about Lex Luthor for President?  More Doom and Gloom, this weekend from Barron's: The tech sector, in particular, continues to be battered by a noisome combination of faltering consumer demand, crumbling IT spending, a damaged credit sector, a stronger dollar and a relentless drive by companies at every level of the food chain to bring down inventories as low as possible.

Tech stocks are in trouble this coming year, IT related spending is an easy cut to make, plus, its reasonable to assume, companies (and consumers) are going to be spending less on everything.

Krispy Kreme: Just Eat or Invest? (KKD)

Eat Doughnut in 4 StepsThis stock/company needs no introduction, their brand name is infamous - Krispy Kreme Doughnuts (NYSE:KKD).  Charts will do you no good on this stock, only the future holds any possibility, so is now the time to buy at $2.25 a share?

This company Exelixis is colloborating with BMY on a cancer drug that's getting Cancer Cellspositive FDA data, here is the press release:

SOUTH SAN FRANCISCO, Calif.--(BUSINESS WIRE)--Exelixis, Inc. (Nasdaq:EXEL) today announced that Bristol-Myers Squibb Company (NYSE:BMY) has exercised its option to develop and commercialize Exelixis' investigational new drug (IND) candidate XL413, a selective inhibitor of Cdc7.