This Day On The Street
Continue to site
ADVERTISEMENT
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

5 Things You Need to Know Before the Stock Market Opens

BOSTON ( TheStreet) -- Mario Monti's decision to name himself Italy's finance minister leads your quick fix of company, market, economic and investing news for Wednesday, Nov. 16.

Wednesday's 5 Biggest Stories

As if becoming Italy's new prime minister wasn't a tough enough task, Mario Monti will also be the country's finance minister. CNN

The Internet is buzzing this morning because of this report that says Newt Gingrich was paid up to $1.8 million in consulting fees by Freddie Mac. Bloomberg

The breathtaking selloff in eurozone bond markets yesterday made for the most worrying day of the crisis yet. FT

Did someone say 'contagion'? The Bank of Japan lowered its economic view due to Europe. Bloomberg Businessweek

More woes on Wall Street: Citigroup (C - Get Report) is weighing 3,000 job cuts. Bloomberg


Quote of the Day

"You know how screwed up Europe is when you have a German pope and an Italian central banker," hedge fund manager Kyle Bass said of the eurozone crisis, adding that the only resolution is a massive debt restructuring. BBC


Company News

Is Jerry Yang going to screw over Yahoo! (YHOO - Get Report) shareholders again? NYT DealBook

Dell (DELL - Get Report) said the Thailand floods hurt supplies as the computer maker offers a cautious outlook. WSJ

What Goldman Sachs (GS) and JPMorgan Chase (JPM - Get Report) are forgetting to tell us about their debt exposure. Bloomberg

Pepsi's (PEP - Get Report) board is reportedly split over a split. NY Post


Markets

For all the handwringing over volatility, the S&P 500 has seen its intraday trading range shrink over the past two weeks. Bespoke

We joked about it, but they went ahead and did it anyway. Presenting the new Social Media ETF (SOCL - Get Report). Reformed Broker


Investment Strategy

If you want to invest like Warren Buffett, simply buy companies founded in the 19th century. Infectious Greed

Those looking to short Groupon (GRPN - Get Report) have a long wait ahead of them. Reuters

Sorting out the argument of stock buybacks versus dividends can cause a headache. Abnormal Returns


Odds and Ends

Mark Cuban, who recently said he's 50% in cash, offers his view on corporations and taxes. A must-read. Blog Maverick

This classic Billy Idol track came on during my walk to work this morning. It'll get you pumped for your Wednesday, too. YouTube

-- Written by Robert Holmes in Boston.



>To contact the writer of this article, click here: Robert Holmes.

>To follow Robert Holmes on Twitter, go to http://twitter.com/RobTheStreet.

>To submit a news tip, send an email to: tips@thestreet.com.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
SOCL $20.27 -0.15%
C $54.56 -0.56%
GRPN $6.38 -0.31%
JPM $66.05 -0.63%
PEP $96.25 -0.13%

Markets

DOW 18,102.86 -60.13 -0.33%
S&P 500 2,117.07 -6.41 -0.30%
NASDAQ 5,087.5440 -19.0490 -0.37%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs