The market is closing at 1PM today and we’ve got about a half hour to go. Here’s what we’re watching: Citigroup (C, $8.27, up $1.22) has moved above $8. This was my near-term target for the stock and the December 5 calls (CLP, $3.40, up $1.00) are now deep-in-the-money andRead more
Black Friday Update
Deere Disappoints Again
Shares of Deere (DE, $30.26, down $2.84) are getting crushed this morning after the company missed Wall Street’s expectations once again. The company reported profits of $345 million, or $0.81 a share compared to last year’s quarter of $422 million, or $0.94 a share. Wall Street had expectations of $0.99Read more
What The Fed Is Going On?
$8,500,000,000,000.00 That’s the number…$8.5 trillion. That’s how much the our government is preparing to provide on behalf of you and I after guaranteeing another $300 billion to Citigroup (C, $6.08, up $0.13) and another $800 billion today for consumer debt and mortgage loans. And we ain’t done yet. To putRead more
Google Up, Time To Short
Market Opens Higher
Citigroup Gets $20B
Citigroup (C, $6.27, up $2.50) got its wish over the weekend and we got ours. News that the government will give $20 billion to the struggling bank and guarantee $300 billion in troubled mortgage assets has the stock rolling today. In exchange, the government gets $27 billion in Citigroup preferredRead more