Real Story: Drama Class

Stocks are caught between good news from Iran and weak economic data. Guests include NYSE Deputy Chairman Marshall Carter.
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Wednesday was a day of "dramatic news but calm stock markets,"

TheStreet.com

Editor-at-Large Aaron Task says in

The Real Story podcast.

The drama included word that Iran would release 15 British sailors and marines. But any "peace dividend" was muted by the steep drop in gasoline inventories and weaker-than-expected economic news, Task says. The inventory news helped send gasoline futures up 3% and was good for refiners such as

Valero

(VLO) - Get Report

; the data included ISM Services, factory orders and the ADP employment report.

Also grabbing headlines was consummation of the merger between the

NYSE Group

(NYX)

and Euronext. Task's first guest, Marshall Carter, deputy chairman of the newly formed NYSE Euronext, says the newly formed exchange provides institutional investors what they want: choice, speed, anonymity and deep pools of liquidity. (Carter also addressed the NYSE's future expansion plans in a video interview that can be seen

here.)

As with every Wednesday, Task was joined by

TheStreet.com's

David Peltier for their regular "Should I Do It?" segment, in which the two tackle listeners' questions about specific stocks. Wednesday's segment featured

Jones Soda

(JSDA)

,

Halliburton

(HAL) - Get Report

,

Infosys

(INFY) - Get Report

and

CarMax

(KMX) - Get Report

.

In the remainder of the podcast, Task addresses the day's other corporate news, including

Micron's

(MU) - Get Report

postclose results; earnings from

Best Buy

(BBY) - Get Report

and

Circuit City

(CC) - Get Report

; and

Jackson Hewitt's

(JTX)

rebound from Tuesday's thrashing.

Task's third quest, Joe Capone, managing member and founder of SMaRT Financial Partners and

RealMoney.com

contributor, says Tuesday's "fire sale" in Jackson Hewitt created an opportunity, given the company's "great core business." (Capone also addressed potential winners and losers of the subprime mortgage mess in an video interview, which can be found

here.)

Click

here to listen to the entire podcast.