The Market Update

Stock Search: Citigroup, BofA

Stock quotes in this article: BFC , C , GS , GM , CELG , SPIL , AA , JAVA , CELG  

The banks were among the 10 most-searched stocks on TheStreet.com Tuesday.

Citigroup(C Quote) is first. Its new board chairman, Richard Parsons, said banks were being vilified and weren't totally to blame for the current financial crisis.

Bank of America(BAC Quote) is next. Rochdale Securities analyst Dick Bove says he expects BofA's stock to return to all-time highs.

Goldman Sachs(GS Quote) is up. CEO Lloyd Blankfein said at a conference of the Council of Institutional Investors that Wall Street compensation and hedge fund regulations need to be re-evaluated. The company is also gearing up to release earnings next Tuesday.

General Motors(GM Quote) and Ford(F Quote) make the list. Moody's reported that there is a 70% likelihood that GM will file for bankruptcy, while Ford's risk was "moderately below" 70%. In the meantime, GM announced a partnership with Segway and unveiled a two-wheeled electric vehicle.

Celgene(CELG Quote) is up after Cramer recommended it on Mad Money as a great biotech company to own. He owns shares for his Action Alerts Plus Portfolio.

Cramer gave Siliconware Precision(SPIL Quote) the speculative thumbs-up on Mad Money, saying the semiconductor packaging and testing company is poised to break out.

Alcoa(AA Quote) is next. The company unofficially kicks off earnings season today when it reports after the bell. Analysts expect a loss of 56 cents a share on revenue of $4.07 billion.

Sun Microsystems(JAVA Quote) is up. The stock was leading the Nasdaq down for the second straight day after IBM(IBM Quote) withdrew its bid for the company. Investors are wondering what this means for futures mergers in the tech sector.

Last up is Research In Motion(RIMM Quote). Shares were pulling back today after the company reported killer earnings last week.

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Alix joined TheStreet.com TV in February 2007. Previously, she held positions in film and theater production, management, and legal administration. Alix has a degree in communications and theater from Northwestern University.




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