Money Matters


March 2008


Invest in Pro Wrestling?

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Zacks makes the case for investing in World Wrestling Entertainment (ticker symbol WWE). "The company isn't just about a wrestling show on television anymore. It is a completely integrated entertainment company," writes analyst Tracey Ryniec. The company's divisions include live and televised ...

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TAGS:
investing
stocks

Best and Worst of the Little Books

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There are now so many books in the "Little Book" investment series that it's hard to keep them straight. Luckily, someone has done that for me. Here, the Simple Dollar reviews all five books and weighs in on the best and worst of the bunch.

John Bogle's The Little Book of Common Sense Investing wins ...

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TAGS:
books
investing

Why Bear Stearns Was Saved

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At the New York Times, Dealbook's Andrew Ross Sorkin sees the hand of the Federal Reserve in JPMorgan's sweetheart price for Bear Stearns. Aggressive deal makers on the government's payroll include Treasury Secretary Henry Paulson, Federal Reserve Chairman Ben Bernanke, and Tim Geithner, head of ...

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TAGS:
Bear Stearns
Federal Reserve

Citigroup: Yahoo Is a Buy

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In a morning note, Citi's Mark Mahaney upgrades Yahoo to a buy as its stock trades below Microsoft's initial offer of $31 a share.

He lists two reasons it's unlikely Microsoft will walk away from the deal:

1) Despite 3-4 years of making online advertising a key strategic priority, MSFT ...

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TAGS:
Yahoo
Citigroup
Microsoft

What Is Visa Worth?

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Visa's newly minted stock surged into the upper $60s today but is now closer to $59 in the final hour of trading. How much is the stock worth? Morningstar analyst Michael Kon estimates Visa's fair value at $74 a share. Writes Kon:

Visa benefits from the secular growth in the use of cards ...

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TAGS:
Visa
stocks

Fed Strikes a Sound Note

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The Federal Reserve's decision to lower its benchmark interest rate by three quarters of a point to 2.25 percent drew cheers on Wall Street despite the cut being a bit less aggressive than expected. The Dow surged to a new daily high, shaking off jitters before the Fed's announcement to gain more ...

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TAGS:
Federal Reserve
Wall Street

Abby Joseph Cohen

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News that Abby Joseph Cohen, Goldman Sach's legendary forecaster, has handed off day-to-day market analysis to fellow Goldman economist David Kostin marks the end of an era for one of Wall Street's most influential bulls.

The announcement also comes with a prediction that equities will decline this ...

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TAGS:
Goldman Sachs

Thornburg's Reprieve?

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While it's not yet clear how much help the Federal Reserve's $200 billion liquidity injection will give the entire credit market, at least Thornburg Mortgage can breathe a sigh of relief.

The "jumbo" lender's shares collapsed after liquidity dried up and margin calls forced it to sell some assets at ...

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TAGS:
mortgages
credit
Federal Reserve

'A Fundamental Reappraisal'

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The FT's John Authers reminds us that despite yesterday's rally, the financial sector is facing "a fundamental reappraisal" of how it does business and the economy remains troubled. Note the charts: Shares of Citigroup, Ambac Financial, and Fannie Mae are lower than they were a decade ago. Pretty ...

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TAGS:
stock market

Time for a Money-Market Makeover

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My boyfriend is always complaining about his "high performance" Wachovia money market account, which pays a puny 0.04 percent in interest on balances up to $5,000. He's in the process of moving his savings to an online bank, where he'll earn a more respectable 3.4 percent.

But an even better choice ...

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TAGS:
credit
taxes
interest rates

Babies Out With the Bath Water

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I get a kick out of headlines—especially the ones MarketWatch runs in monstrous type (my favorite: "Bulls Want a Fed-Time Story" from last August's Federal Reserve meeting). So I had to share this gem from the latest issue of the Turnaround Letter, edited by George Putnam: "Did Some Good Babies Get ...

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TAGS:
stocks
stock market

Schwab Plans Retiree-Focused Payout Funds

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Add a new entrant to the growing pool of payout funds, which aim to help retirees convert their nest eggs into a steady stream of monthly income. Today, Charles Schwab announced plans for its version, simply called Monthly Income funds:

  • Moderate Payout, made up of 60 percent fixed income and 40 ...
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    TAGS:
    retirement
    funds

    Seven 'Cautiously Optimistic' Forecasts

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    Taken from Bob Doll's weekly investment commentary:

    Looking ahead, our cautiously optimistic view is based on several broad forecasts:

    1) the U.S. economy should avoid a recession, but faces several quarters of sluggish growth

    2) slower economic growth and credit market strains will ...

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    TAGS:
    economy