5 Things You Need to Know Before the Stock Market Opens
BOSTON (TheStreet) -- A disastrous auction of German 10-year bunds leads your quick fix of company, market, economic and investing news for Wednesday, Nov. 23.
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Wednesday's 5 Biggest Stories
I mean, if no one is buying
German bunds at auction
, what is worth buying in Europe?
Quel
surprise! Fitch Ratings is now warning that
France may lose its triple-A rating
because it can't handle any more shocks.
Manufacturing in China is now in contraction:
China PMI
comes in at a reading of 48, a 32-month low.
Speaking of manufacturing contractions,
eurozone industrial orders
fell in September by the biggest amount since December 2008.
The Fed will now
stress-test U.S. banks for European exposure
. Like Festivus, this is becoming an annual airing of grievances for the central bank.
Quote of the Day
"I don't see how the party that says it's the party of the family is going to adopt an immigration policy which destroys families which have been here a quarter-century. I'm prepared to take the heat for saying let's be humane in enforcing the law," GOP presidential hopeful
Newt Gingrich
said of immigration law reform during a televised debate on
CNN
.
Fox News
Company News
Deere
(DE) - Get Report
shows why life on the farm isn't so bad.
After issuing a "strong sell" on Chinese advertising company
Focus Media
(FMCN)
, short seller
Muddy Waters
gets hacked.
Apple's
(AAPL) - Get Report
future gets cloudier, but in a good way.
Markets
Going out shopping on
Black Friday
? You'll be one of 152 million, a 10% increase from a year ago.
A look at whether
eurobonds
are a good idea or not.
Bank of America's economics team now says there is a
40% chance the U.S. falls into recession
, up from 35%.
Globe and Mail
Investment Strategy
The best
dividend stocks
for next year.
Even after the stock's precipitous drop, some say
Netflix
(NFLX) - Get Report
is still a screaming short.
Dragonfly Capital
Fees at
Fidelity's Magellan Fund
are dropping as performance lags.
Odds and Ends
Keep an eye out later today on this page for my
NFL picks against the spread
, including a few of the Turkey Day games.
Speaking of which: Happy Thanksgiving. Here's a
John Lennon
song that describes my lunch for Friday.
-- Written by Robert Holmes in Boston
.
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.
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Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.
