Stock Search: Fed Life Boat
Fed rates remain unchanged, the
Federal Reserve
also announcing it will inject $1 trillion dollars into the economy -- stocks breathe a sigh of relief. Financials and tech dominate the top 10.
Shares of
Citigroup
(C) - Get Report
and
Bank of America
(BAC) - Get Report
with the hope that the worst might be over. Citi stock was up over 20% today and BofA surging over 15%. BofA CEO Ken Lewis also said that the bank might be able to repay its TARP money by the end of 2009.
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Goldman Sachs
(GS) - Get Report
is all over the map this week receiving multiple upgrades and downgrades. The latest news is William Blair & Co. saying that the firm will come out of the recession as the much more aggressive player in the investment banking field. Cramer owns this stock for his Action Alerts Plus Portfolio. To see how he is buying this stock email
for a free trial now.
AIG
(AIG) - Get Report
CEO Edward Liddy gets grilled on Capitol Hill. Liddy told Congress that he will ask employees who received
at least half.
General Mills
(GIS) - Get Report
reported a rough third quarter -- a 33% decline. The company did
raise its earnings
guidance for fiscal 2009.
Sun Microsystems
(JAVA)
is next after IBM proposed
for the company.
Cisco
(CSCO) - Get Report
got put on Goldman Sachs'
with an $18 price target. This is after the company unveiled its Unified Computing System, its first foray into the server market.
Favorite
Apple
(AAPL) - Get Report
announced upgrades to its iPhone applications: cut-and-paste function, a new search app and an almost live IM service. But Scott Moritz is not impressed,
.
The last two stocks,
Transocean
(RIG) - Get Report
and
Xilinx
(XLNX) - Get Report
, make the list after positive mention from Jim Cramer on
Mad Money
Tuesday. Transocean is an oil service company that doesn't need extra cash and still sees more demand than supply. And Xilinx is a company Cramer has not recommended in 10 years but just added to his buy list saying the company is poised for a comeback.
Alix joined TheStreet.com TV in February 2007. Previously, she held positions in film and theater production, management, and legal administration. Alix has a degree in communications and theater from Northwestern University.
