In this feature, the Fast pros breakdown chatter in the market and explain why they think it’s more likely fact – or fiction.
Yahoo! Sale May Be in Jeopardy
The chatter: A deal for Yahoo! may be on the rocks after months of speculation about a string of buyers ranging from Microsoft to Google.
Pete Najarian thinks the chatter is more likely false. "It’s an inexpensive company and when you price in Asia assets it seems like there’s something there," he says. "I’d hold the stock but I wouldn’t play options because I think the time horizon is too murky (and options expire)."
Zach Karabell thinks the chatter is more likely true. "The Chinese can’t buy Yahoo’s e-mail business because it would raise communications issues in the US and I think it’s a hard deal to do in pieces."
Bank Of America Debit Fee Plan
The chatter:Now that Wells Fargo and JPMorgan dropped proposed new debit card fees, Bank of America will feel compelled to follow along.
Steve Grasso thinks the chatter is more likely true. “They have to be competitive. If the rest of the herd does it – you do it too.”
Chinese iPhone Delay?
The chatter: China Telecom may delay the introduction of Apple iPhone until as late as mid-2012.
Jon Najarian thinks the chatter is more likely false. “I think Apple and the distribution around the world” remains strong.