5 Things You Need to Know Before the Stock Market Opens
BOSTON (TheStreet) -- The latest Federal Reserve meeting on interest rates leads your quick fix of company, market, economic and investing news for Tuesday, Dec. 13.
Tuesday's 5 Biggest Stories
The Fed won't do anything with interest rates, but watch what the central bank says about its new communications strategy. [Bloomberg]
Despite the debt crisis, German investor sentiment unexpectedly rose for the first time in 10 months in December. [Businessweek]
Sentiment is not as high in Spain after Moody's puts Spanish banks on review for a downgrade. [WSJ]
When Jon Corzine testifies before Congress again today, perhaps he can tell Senate members about all the parties who bought MF Global's debt. [WSJ] Well, I suppose that if Verizon (VZ) wants to buy Netflix (NFLX), it makes more sense at $75 a share than it does at $300. [Bloomberg]Quote of the Day
"The U.S. spy drone is part of the Islamic Republic's assets and the nation will decide about future measures on the issue," Iranian Defense Minister Brig. Gen. Ahmad Vahidi said of the U.S. spy drone captured in Iran earlier this month. [NYT]Company News
So much for Black Friday: Best Buy (BBY) misses profit estimates for the second quarter in a row. [WSJ] Zynga has a tough act to follow after Jive Software (JIVE) raises more money than expected. [Bloomberg] Medtronic (MDT) will pay $23.5 million to settle a probe it paid kickbacks to doctors. [Fox News]Markets
Least surprising call of the day: JPMorgan perma-bull Thomas Lee expects stocks to soar in 2012. [WSJ MarketBeat] More good news: The NFIB small business survey shows improvement in November. [CNBC] And now, there is more hope for a strong fourth-quarter GDP number. [Calculated Risk]Investment Strategy
How to use Apple's (AAPL) guidance to predict earnings. [Bullish Cross] The so-called "smart money" is fleeing Europe. [Moneyland]Odds and Ends
Morgan Stanley (MS) employees are pissed over an expensive party for John Mack. [Fox Business] Please don't hate me for making Wham's Christmas classic your music video wake-up call today. [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.
Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim 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
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
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
Stocks Under $10
TRY IT FREEDavid 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
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll 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 + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur 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
