This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Kass: 10 Rumors That Could Rock Stocks

This column was originally published on Street Insight on Jan. 5 at 8 a.m. EST. It's being republished as a bonus for and readers. For more information about subscribing to Street Insight, please click here .

The following are 10 rumors I've picked up from trading desks and other industry sources this morning.

1. Apple (AAPL - Get Report) will announce that Steve Jobs will be taking a leave of absence from the company.

2. The low-end cellular-phone market has been jammed with inventory as demand erodes. Guidance will be lowered by the leading manufacturers as margins erode and average selling prices continue to fall. ( Motorola (MOT) is just the tip of the iceberg.) The high end is no better, as an all-out post-holiday price war seems to be developing.

Internet distributor Wirefly will announce an offering of a free Motorola Razr, Nokia's (NOK - Get Report) E62 and other high-end handsets with a T-Mobile, Sprint (S) or Cingular one-year contract.

3. Personal computer retail sales have fallen off dramatically in Japan during the month of December. Dell (DELL) will shortly guide down earnings expectations for the first quarter of 2007, in part because Vista (the release of the business version of Vista has come and gone) has started out slowly. (Note: I am short Dell at time of publication.)

4. Microsoft (MSFT - Get Report) is coming under scrutiny for sending out free AMD-equipped Acer laptops preloaded with Vista to prominent technology bloggers in an apparent effort to get press. APC magazine journalist Dan Warne writes that "whatever the subtleties of the offer were, it comes across as nothing more than a bribe, and that is a very bad look for Microsoft." (Note: I am short Microsoft at time of publication.)

5. More signs of an imbalance in the residential real estate market are appearing. For example, there's been a surge in vacant homes because of foreclosures, owners who bought another home and await sale of their first home, and homes that are for rent because they can't be sold. In certain regions of the country, such as California, vacant homes represent nearly 50% of annualized sales (triple the levels of four years ago).
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
DELL $0.00 0.00%
HBC $0.00 0.00%
AAPL $93.74 0.04%
HD $115.49 2.00%
NOK $5.83 -0.85%


Chart of I:DJI
DOW 15,913.71 +253.53 1.62%
S&P 500 1,853.88 +24.80 1.36%
NASDAQ 4,309.28 +42.4430 0.99%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs