The sputtering auto giant General Motors (GM)hit the stock search list as one CEO is fired and another takes over.
New GM CEO Fritz Henderson suggested that bankruptcy was possible and that more than five plants could be closed.
With the market rebounding, the safe haven play on gold softened. But gold futures never broke below $900 and seem to be modestly moving up .Financials remain in the top 10 list with changes in FASB accounting standards expected this week. Bank of America (BAC) would be affected by the change as it would be able to reassess the value of its portfolio. Wells Fargo (WFC)is another bank that may benefit from the accounting change. Citigroup (C) reached a settlement to buy back $3.2 billion in auction rate securities from customers. The product was billed as safe, but then became illiquid when the market froze. AIG (AIG) can't seem to stay out of trouble. The beleaguered insurer is under investigation by 50 different state insurance regulators looking into worker compensation premiums. GE Healthcare a unit of General Electric (GE) announced the positive results of study involving nuclear imaging test for heart patients. Top ten list favorite Apple (AAPL) may benefit from a new Intel chip. And finally, Philip Morris (MO) lost its bid for the Supreme Court to rule on a 10 year old case. The smoker stands to win many millions of dollars versus the original judgment that was less than $1 million.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV