Tag Archives: MS

Wall Street Breakfast: Must-Know News

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Wall Street Breakfast Editors submit:

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In its quest for cool, Yahoo nabs Tumblr. Yahoo’s (YHOO) board approved the $1.1B acquisition of popular blogging service Tumblr Sunday, the latest step in Marissa Mayer’s quest to give the internet heavyweight a much-needed makeover. AllThingsD notes the deal is indicative of Mayer’s strategy to increase YHOO’s “cool factor” and relevancy with younger audiences. Tumblr, whose founder/CEO David Karp will reportedly stay at YHOO for the foreseeable future, also comes with a treasure trove of user-generated content, something YHOO covets. As for comparisons between Tumblr and YHOO’s ill-fated 1999 acquisition of Geocities, Forbes notes Geocities faltered in part because a flood of ads drove users away; Tumblr seems to be avoiding that pitfall.

Actavis in $8.5B deal for Warner Chilcott. Actavis (ACT) confirmed it will buy Warner Chilcott (WCRX) for $8.5B in a stock for stock transaction Monday morning. The deal will see WCRX


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Bank Of America: Buy The Dip Now, It Will Not Last

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By David Alton Clark:

The Gist

Bank of America (BAC) was down 6% on Wednesday at the time of this writing. I believe the company has been unjustly sold off. See chart below provided by CNBC.com.

(click to enlarge)

Wednesday before the market opened, BAC reported first quarter EPS of $0.20 which misses by $0.02 while revenue of $23.7 billion, up 5% year-over-year, beat estimates by $0.2 billion. The miss on EPS was the culprit for the selloff. Nonetheless, when you dig into the report, many positive developments have occurred. In the following sections, I will review the top reasons I am still bullish on BAC.

Many Improving Fundamentals Reported

The following is a list of ten fundamental areas of improvement for BAC discussed on the conference call. You can read the transcript here.

  1. Normalized net interest income and revenue have stabilized.
  2. Additional progress on legacy mortgage issues has been


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5 Reasons To Buy Bank Of America

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ByEquity Options Guru:

Large banking institutions don’t typically create a lot of excitement among investors. After the near collapse of our financial system in 2008 and 2009, who could blame investors that decide to pass on companies in the financial sector. But Bank of America (BAC) appears to be situated extremely well in the future. Below are 4 reasons why investors should consider adding Bank of America to their portfolio.

Reason #1 – Fundamentals

Bank of America released its latest fourth quarter and annual report on January 17, 2013, before the market opened. One of the major concerns during the financial collapse was the lack of liquidity and cash that some of these banking institutions truly had. Bank of America has done a nice job of growing their cash pile over the past year. The company ended 2012 with almost $923 billion available, an increase of roughly $85 billion from 2011.

Another


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Common Sense Says Time For Quality, Dividends And Premiums

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By George Acs:

Common sense tells us that at some point there has to be some retracement following an impressive climb higher. My common sense has never been very good, so I’m beginning to question the pessimism that overtook me about 4 weeks ago.

Maybe the new version of a market plunge is simply staying at or near the same level for a few days. After all, who doesn’t believe that if you’re not moving ahead that you’re falling behind? It is all about momentum and growth. Besides, if history can be rewritten by the victors, why not the rules that are based on historical observations?

During the previous 4 weeks I’ve made very few of the trades that I would have ordinarily made, constantly expecting either the sky to fall down or the floor to disappear from underneath. Of the trades, most have fallen in line with the belief that what others


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Wall Street Breakfast: Must-Know News

Topnews, Worldnews, , , , , , , , , , , , , , , , , , , , ,

Wall Street Breakfast Editors submit:

Top Stories
Samsung set to introduce new flagship smartphone. Samsung (SSNLF.PK) is due to unveil the Galaxy 4S today following a marketing blitz that analysts fear may have over-hyped the device. Still, sales of 10M units are expected in the first month alone. The company is thought to have worked hard to avoid the supply problems that cost it 2M units of lost sales in just one month last year after it launched the Galaxy S III in May.

S&P eyes record high. U.S. stock futures were higher premarket, setting the S&P 500 up to make a fresh challenge on its all-time high today after it closed just 11 points shy of the mark yesterday, and for the Dow Jones to continue its record run. Asian stocks rose and Europe was in the green at midday on the continent, helped by better-than-expected retail sales in the U.S. (See


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