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Current DateTime: 07:33:01 22 Nov 2009
LinksList Documentid: 30328029

CNBC Stock Blog

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The relentless upward march of oil prices dominated the business headlines through the week, but there were other developments, like the collapse of Microsoft's bid to take over Yahoo and Wal-Mart's upbeat sales that also helped spice up the week and keep the markets active. Here are some of the week's highlights:

Monday, May 5

  • Microsoft-Yahoo Talks Collapse: Yahoo [  Loading...      ()   ] fell after Microsoft [  Loading...      ()   ] offered to increase its bid to $47.5 billion on Saturday, but that still wasn't enough for the Internet company.

Dave Rovelli, Canaccord Adams: "Don't be scared by profit-taking;" Itron [ITRI  Loading...      ()   ] and Research In Motion [RIMM  Loading...      ()   ]

Jason Trennert, Strategas Partners: "If you're thinking about M&A, I think this is the year to do it."

SanDisk [SNDK  Loading...      ()   ] and CommScope [CTV  Loading...      ()   ]

Ryan Jacob, Jacob Internet Fund: Wait and see on Yahoo; buy Earthlink [ELNK  Loading...      ()   ] Martin Pyykkonen, Global Crown Capital: Buy online advertising companies, Google [GOOG  Loading...      ()   ] and Valueclick [VCLK  Loading...      ()   ]

  • Oil, other commodities remain near record levels: Jeff Auxier, Auxier Asset Management: Buy Supermarket chains and profit from food inflation and "dining-in" trend: Tesco [TSCDY  Loading...      ()   ], Kroger [KR  Loading...      ()   ], and Safeway [SWY  Loading...      ()   ]

Tuesday, May 6

  • Fannie Mae posts loss, sees home prices falling more sharply, credit losses increasing, 2009 worse than 2008, predicts increased delinquencies, defaults, foreclosures.

Economist Martin Feldstein tells CNBC falling housing prices and negative equity could push the economy into recession.

Jay Bowen, Bowen Hanes & Co. Go global; companies without global exposure have not been doing well. Caterpillar [CAT  Loading...      ()   ], DuPont [DD  Loading...      ()   ], Parker Hannifin [PH  Loading...      ()   ], BASF [BASFY  Loading...      ()   ], ABB[ABB  Loading...      ()   ]

Craig Moffett, Sanford C. Bernstein: Foreign telecoms and US telecoms with foreign exposure: AT&T [T  Loading...      ()   ], Vodafone [VOD  Loading...      ()   ], Telefonica [TEF  Loading...      ()   ]

  • Goldman Sachs says oil could shoot up to $200 within the next two years as part of a "super spike" driven by poor growth in supplies.

Paul Justice, Morningstar: Buy power-generating companies: Constellation Energy Group [CEG  Loading...      ()   ], Public Service Enterprise Group [PEG  Loading...      ()   ], NStar [NST  Loading...      ()   ]

Paul Fremont, Jefferies & Co.: Also likes power generating: Dynegy [  Loading...      ()   ], NRG Energy [NRG  Loading...      ()   ], Allegheny Energy [AYE  Loading...      ()   ]

Wednesday, May 7

  • The NewYork Times reports gasoline prices will peak in June; Wall Street Journal headline reads: "Is $150 oil the new $120?"

Doug Cliggott, Dover Management: Buy nuclear power as fossil-fuel prices go crazy: Exelon[EXE  Loading...      ()   ], Dominion [D  Loading...      ()   ], Entergy [ETR  Loading...      ()   ]

Walter Price, Allianz RCM Technology Fund: Alternative energy offers opportunities: First Solar [FSLR  Loading...      ()   ], MEMC Electronic Materials [WFR  Loading...      ()   ]

  • Israel celebrates 60 years of statehood

Haim Israel, Merrill Lynch Israel: Israeli companies you may never have heard of: Cellcom [CEL  Loading...      ()   ], Partner Communications [PTNR  Loading...      ()   ], Israel Chemicals [ICLTV  Loading...      ()   ]

Thursday, May 8

  • Wal-Mart April sales beat expectations. Frank Cappiello, Montgomery Bros., Cappiello: "We like Wal-Mart [WMT  Loading...      ()   ]... and Costco [COST  Loading...      ()   ]...take your pick."

Friday, May 9

  • Trade gap narrowed more than expected in March.Tom DelZoppo, HSBC Securities: Go global in your portfolio. Petrobras [PBR  Loading...      ()   ]

Keith Wirtz, Fifth Third Asset Management: Buy companies with the most foreign exposure in their industries. Emerson Electric [EMR  Loading...      ()   ]

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Current DateTime: 02:35:20 22 Nov 2009
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