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The start of a very odd week

December 1, 2008 · Filed Under US Stocks and Markets · Comments 
The headlines may make you believe we are back to business as usual. But this market is far from normal. Citgroup (NYSE:C) is buying a road builder. Toll Brothers (NYSE:TOL) was upgraded. Sumner Redstone is selling and Johnson and Johnson (NYSE:JNJ) is buying. By Andrew Snyder, TodaysFinancialNews Baltimore – (TFN): Take a look at the front page [...]

Clinton 2.0: Obama adds to his team

November 24, 2008 · Filed Under Politics · Comments 
This is one of the most pivotal times in the nation’s history, yet it is politics as usual in Washington. Obama promised change but is delivering Clinton 2.0. Is he making the right decisions or are we all in serious trouble? By Andrew Snyder, TodaysFinancialNews.com Baltimore – (TFN): The Bush administration threw its third pitch at a [...]

Citigroup (NYSE:C) bailout hands us huge profits

November 24, 2008 · Filed Under News that Matters, US Stocks and Markets · Comments 
As I told you on Friday, the markets always fix their mistakes. This time it took a little help from Uncle Sam, but Citigroup (NYSE:C) is jumping this morning and our position is up by nearly 60%. By Andrew Snyder, TodaysFinancialNews.com Baltimore—(TFN): We are starting the week with some positive news and big-time profits in our [...]

The market’s fundamental error: Buy shares of Citi (NSYE:C)

November 21, 2008 · Filed Under US Stocks and Markets · Comments 
The equities markets have forgotten the basics and are operating on pure emotion. This tactic will cost investors dearly. Take advantage of their mistakes and buy shares of Citigroup (NYSE:C) while they remain at historic lows. By Andrew Snyder, TodaysFinancialNews.com Baltimore – (TFN): Wall Street has gone nuts. It has lost track of how stock markets [...]

Paulson’s TARP revision spooks the market

November 12, 2008 · Filed Under News that Matters, US Stocks and Markets · Comments 
The markets are spooked today. An update from Henry Paulson did not help the situation. Investors are scared the economy is turning sour quicker than they anticipated. Fortunately, there are some opportunities out there. By Andrew Snyder, TodaysFinancialNews.com Baltimore – (TFN): The markets are deep in negative territory again today and investors are not too happy with [...]

Need more money? Just ask…

November 10, 2008 · Filed Under US Stocks and Markets · Comments 
Washington is putting more and more taxpayer money on the line. Are we merely feeding a dangerous addiction or will this be the solution we need to avoid a long-term recession? A look at AIG (NYSE:AIG) will give us some answers. By Andrew Snyder, TodaysFinancialNews.com Baltimore – (TFN): What if I were to ask you [...]

Breaking news: Wells Fargo (WFC) buys Wachovia (WB)

October 3, 2008 · Filed Under US Stocks and Markets · Comments 
There is some huge breaking news this morning. Wells Fargo (NYSE:WFC) is purchasing Wachovia (NYSE:WB) for a significant premium, pushing the former suitor, Citigroup (NYSE:C) and its help from the Fed, out of the picture. By Andrew Snyder Baltimore – (TFN): There is something exciting and fascinating about this market. When the Street thinks it finally has [...]

Big Movers: Keep your eye on Wachovia (WB), Wells Fargo (WFC) and Citi (C)

September 29, 2008 · Filed Under US Stocks and Markets · Comments 
Wall Street continues to wait on Washington. There are big movers all across the Street. Watch for the bidding war for Wachovia (NYSE:WB) between Wells Fargo (NYSE:WFC) and Citi (NYSE:C) to create frenzied action. By Andrew Snyder Baltimore – (TFN): It is tempting to think what this bailout mess would look like if we were not [...]

Banking Crisis 2008: The end of the financial powerhouse in the U.S.?

Bank of America is looking to reduce its workforce by 7,500 employees. Citigroup plans to lay off around 6,500. U.S. financial institutions are reporting billions in losses. These are just some of the most recent indications that we are in the midst of a severe banking crisis in the U.S. What should investors do? [...]

First Quarter Results: Turn around or false signal

April 22, 2008 · Filed Under US Stocks and Markets · Comments 
“Most investors realized that earnings season would be dismal; so when the results came in (pretty much) as expected, many investors seemed to find that the news (especially among financials) was not worse and went on a buying spree.” — William Patalon Blogger’s note: Financials like JP Morgan (JPM: NYSE) and Citigroup [...]

Credit Card Debt: Profit from the mortgage collapse

April 9, 2008 · Filed Under US Stocks and Markets · Comments 
“Evidence suggests that as adjustable rate mortgages (ARMs) reset to higher interest rates, consumers in these regions - and across the country - are relying more on their credit cards to finance such day-to-day living expenses as groceries and gasoline.” — Robert Williams by Robert Williams Baltimore – (TFN): Late credit card [...]