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
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

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) 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) shareholders again? [NYT DealBook]

Dell (DELL) said the Thailand floods hurt supplies as the computer maker offers a cautious outlook. [WSJ]

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

Pepsi's (PEP) 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). [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) 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.

Stock quotes in this article: GRPN, PEP, C, JPM, DELL, YHOO, SOCL 
Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

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.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,422.21 +13.67 0.08%
S&P 500 1,864.85 0.00 0.00%
NASDAQ 4,087.17 -8.3460 -0.20%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs