Current Financial News

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 Radian.org today, pretty genius. Read the full article here: http://radian.org/notebook/porsche -- 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 Fool.com 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?

Run with the Bulls, get the HornFinally, today the Dow Jones finished up just 0.15% or +12 points, but we'll take it after six horrible trading sessions.  So if the Bulls do run tomorrow and hopefully into early next week on Obama highs, what's the best way to play it, without letting the bulls get the best of you?

Zoolander - Gas Station FightKnight Transportation’s (Public, NYSE:KNX) stock price has suffered this as of late due to the slowing economy and high fuel costs. Now that gas prices are so cheap we can practically bathe in it, Knight is looking like a good addition to the portfolio. 

2009 Bear Sectors

Days like today make you wish you were shorting a lot of stocks in the market.
ContrarianProfits.com lists the 2009 bearish sectors: 2009 BEARS --Nevertheless, while it’s clear that from an earnings viewpoint 2009 should be approached with caution, it is also clear that some sectors and countries will do reasonably well, while others have futures that are truly scary.

Michael and Janet Jackson - ScreamUnbelievable. Two months later, Citigroup Inc. (NYSE:C) shareholders take it on the chin, shares are now at $4.66 today, down 22%. just quote Michael : Tired of injustice, Tired of the schemes, The lies are disgusting, So what does it mean.  Kicking me down, I got to get up, As jacked as it sounds, The whole system sucks.