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Wall Street Watch & 5 Hot Stocks for Tuesday

Bulls took control of Wall Street on Monday.  The major indexes closed solidly higher sans the Nasdaq due to early losses in Oracle (Nasdaq:ORCL) and Research in Motion (Nasdaq:RIMM). The bullish sentiment was stroked by major merger announcements and expected Congressional passing of the Obama tax cut plan.  A full slate of critical economic announcements [...]

The Great American Wikigeek Bluff

Wikileak’s lead geek Julian Assange has made himself a fairly common household name from the release of recent controversial documents, and has also made the threat that he intends to release information that will bring down a large American bank or two. Provided his success in terrorizing governments with the same rhetoric and actions, Assange’s [...]

Wall Street Watch & 5 Critical Stocks for Monday

Stocks closed the week on a positive note, driven by a surprisingly solid U.S. Trade Deficit number combined with good news from the tax plan front awoke the bulls.  The Trade Deficit fell to a nine-month low indicating strong demand for American exports while the Fed signaled that Obama’s tax plan will likely pass the [...]

Video Games: The Real Gold of the Holidays?

Who could have ever imagined the video game industry growing into a multi billion dollar behemoth of profits?  Starting with a humble game named Pong and quickly morphing into Space Invaders, Pac Man and others, this once tiny niche business for “nerds” has morphed into a true powerhouse in the financial world.  Hot game titles [...]

Wall Street Watch & 5 Critical Stocks for Friday

Democrats stymied President Obama’s tax cut proposal, sending waves of uncertainty into the financial markets.  Stocks reacted by closing mixed on the day.  The S&P 500 and Nasdaq ended slightly positive, while Dupont’s unexciting 2011 forecast kept the Dow Jones Industrial’s negative.  The bearish sentiment is also attributed to the recent rise in bond yields.  [...]

Dry Ships: Buy, Sell or Hold?

“What the heck is a dry ship? Sounds like an oxymoron,” was my first reaction when this company first popped up on my trading screen.  Noting that shares were trading for more than $100 as little ago as mid 2008, plummeted to under $3, and as of now have solidly broke above technical resistance at [...]

Trade like David Einhorn: A Look at His Favorite Stocks

David Einhorn is the president of Greenlight Capital, a value oriented, $6.5 billion long short hedge fund. The fund has returned annual returns of 29% since inception in 1996.   He is a noted activist investor and critic of the investment banking system, and is perhaps best known for his shorting of Lehman Brothers several months [...]

Wall Street Watch & 5 Critical Stocks for Wednesday

Shares bounced to a mixed close after a sharp late session decline slammed the major indexes into negative territory.  Confusion over Obama’s tax cut plan and fears of the growing insider trading investigation stifled the bullish move.  Positive words from the consumer credit front counteracted the negative sentiment on the day.  Crude inventories and the [...]

Cramer is Wrong Again: Hecla Mining Company

Jim Cramer is out of his mind in more ways than one.  Host of the hugely popular “Mad Money” show, this intellectual madman with nearly demonic zeal for the marketshas definitely demonstrated his power to move stocks with mere mention.  Along with his success, he has also been titanically wrong with many, many stock calls.   [...]

Wall Street Watch & 5 Critical Stocks for Tuesday

Stocks struggled to close mixed on the heels of Fed Chairman Bernanke’s cautious “60 Minutes” interview on Sunday evening.  He stated that unemployment may remain high for several years and the Fed will consider increasing its QE2 program.  Precious metals rallied near record highs reflecting investor’s fears.  Even a super positive forecast from giant Goldman [...]