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) and Bank of America ( BAC) popped today 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.
Goldman Sachs ( GS) 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 email@example.com for a free trial now. AIG ( AIG) CEO Edward Liddy gets grilled on Capitol Hill. Liddy told Congress that he will ask employees who received bonuses to return at least half. General Mills ( GIS) 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 a $6.5 billion deal for the company. Cisco ( CSCO) got put on Goldman Sachs' conviction buy list 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) 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, read his article. The last two stocks, Transocean ( RIG) and Xilinx ( XLNX), 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.