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[video] Quick Take: Icahn Helps Apple Jump

NEW YORK ( TheStreet) -- Hedge fund manager Carl Icahn is once again making headlines, this time on Apple (AAPL) and his proposed $150 billion share buyback plan.

TheStreet's Brittany Umar spoke to Keith Bliss of Cuttone & Company, who said this is just "Carl Icahn being Carl Icahn."

He added that in order for Apple to do the proposed buyback it would either need to finance about $100 billion or bring its cash back to the U.S. from its offshore accounts, a move that would trigger billions to be paid in taxes.

Bliss suggested that the move may not be the wisest because it won't increase the company's cash flow and may not even help the share price over the long term.

Staying in tech, Microsoft (MSFT) reports earnings after the close on Thursday. Bliss said the demise of the company is always overblown by the press and he'll be watching to see if the company grew revenue and what its long-term forecast will be.

He added that it will be interesting to see how or if the company is capitalizing on its core businesses, and what it's doing to compete against Google (GOOG) and Apple.

Switching to a broader market view, Bliss said that as long as the Federal Reserve continues its bond-buying program, interest rates should continue to fall. Falling interest rates should help the mortgage and refinance business, and thus banks such as Bank of America (BAC) and Wells Fargo (WFC), Bliss concluded.

-- Written by Bret Kenwell in Petoskey, Mich.

Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

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