Investing

This Week's Top Ongoing News (June 15, 2007)

Stock Tickers: YHOO, EBAY, AMZN, S, F, MOT, BIDU, SSW, FMCN, BA, NVO, CLWR, SIRI, XMSR, INTC, ADBE, INTC, BX

The real big news this week was the stock market itself.  A tame PPI and an even tamer CPI took away the wall of worries that was being dealt to the market because of higher and higher long-term bond yields.  But there was some key stock and sector news that is not just a one-time event.  These are some of the big stories that may stay in the news:

PRIVATE EQUITY, MAY NEED TO STAY PRIVATE
If Blackstone can’t keep itself out of the media, they are going to have a tough time coming public.

INTEL…AT 16 MONTH HIGHS….WHO’DA THUNK IT?
Intel (INTC), the old dead chip/processor giant….it’s back, and it’s the top DJIA performer this week.

ADOBE, TIME FOR A BREATHER?
It looks like Adobe Systems (ADBE) high valuations are starting to catch up to it.…might be time for a breather.
Shares closed down close to 3% Friday and the 52-week highs appear elusive.

XM & SIRIUS FIND A WINNING MERGER STRATEGY
Sirius (SIRI) and XM (XMSR) managed to get the former chief economist from the FCC to write a document that was submitted to the FCC showing how a combined ‘XSMearious’ would actually foster more competition in radio.
SIRI closed up a tad on Thursday, but ramped on Friday.

Q2 EARNINGS SLAUGHTERHOUSE STOCKS TO WATCH
With two-weeks to go before the end of the quarter, we listed some companies which were at-risk of having a tough quarter when they report next month.  Amazon.com (AMZN) AND Yahoo! (YHOO) were among them, as was Ford (F). Motorola (MOT) and Sprint (S) made the list as well.

DID CLEARWIRE FIND SALVATION?
Clearwire (CLWR) figured out the perfect model….get the satellite TV duopoly of DirecTV (DTV) AND EchoStar
(DISH) to sell it near-WiMAX.

CRAMER FINDS PICKS IN UNATTRACTIVE GROUPS
Jim Cramer doesn’t trust investing in China, and doesn’t trust them, and doesn’t want to invest his own money
there.  But because he keeps getting inquiries, he picked 5 stocks that you can actually own in China.  He also can’t stand Big Pharma drug stocks, but he’s got a few safe names you can look at.

HOW CAN WE HATE PLANES?
Boeing has identified a $2.8 TRILLION market opportunity out of commercial aircraft over the next 20 years.  It gets harder and harder to argue with aerospace bulls when forecasts like this start coming out of the company.  This is even after reports that they were having some plane construction issues.

INTERNET SHAREHOLDER WOES:  eBay (EBAY) is still in the middle of its "Buy It Now" patent fight with MercExchange LLC.  Terry Semel is somehow managing to survive so far.  Yahoo! (YHOO) hasn’t fired him yet, and he survived the annual shareholder meeting.

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