Here they are the most widely-read stories on TheStreet.com now
Stocks Weaker on Intel
Robert Holmes
Stocks Weaker on Intel
Robert Holmes
Stocks weakened Wednesday as investors, already stung by inflation fears, turned their attention to a shaky revenue forecast at Intel.
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Motorola Batting a Thousand
Scott Moritz
In baseball, Ed Zander sticks with the winners. His investors are doing the same. Motorola shares rose Wednesday after the wireless giant posted strong third- quarter earnings on hard-won gains in the cellphone market. CEO Zander, who copped to changing allegiances to Chicago from Boston in the World Series, said on a conference call that the company gained a percentage point of handset market share in the latest quarter, to 19%.
Clipper Storm Could Toss Tenet
Melissa Davis
Change is afoot at one of Tenet Healthcare's largest shareholders, and that could mean bad news for an already struggling stock. For years, the deep-value managers at Pacific Financial Research have patiently waited for the ailing hospital chain to recover. Following an extended cold streak, however, some of those managers may soon leave Pacific Financial in the hands of a sister firm that has already given up on the hospital company.
Headline vs. Core Inflation: Simple Choice
Tony Crescenzi
Looking at the highlights of the producer price index, or PPI, is like taking a time trip through key dates in U.S. history. Surging energy costs are the fuel for this trip, and they are also the source of a key debate facing both the Federal Reserve and investors, as the gain in overall inflation continues to be much larger than the gain in other prices. Whatever the case, the data will do little to ease concerns about inflation and will feed consumers' inflation expectations, which are already high.
Dykstra: The Pinnacle and the Dream
Lenny Dykstra
Wachovia reported blowout results Monday, including a 32% year-over-year gain in earnings and a 19% increase in revenue to $6.7 billion. As reported by TheStreet.com, Wachovia revenue growth was fueled by strong performance in its consumer and corporate banking businesses: Service charges rose 11% to $555 million, while banking fees rose 23% to $385 million. In addition, investment banking fees rose 24% to $294 million, and its CEO said there are no signs of credit deterioration on the horizon. Despite all that, the stock initially fell in reaction. As did other traders, I saw that selloff as a gift to buy this great American banking franchise.
Daily Investing Tip: Spinning Gold Into Dollars
Everbank, an online bank that issues FDIC-insured certificates of deposit that are denominated in foreign currencies, has come up with a unique way to "invest" in gold, while giving a guarantee that you won't lose a dollar of your principal. It's called the MarketSafe Gold Bullion certificate of deposit. It gives you 100% safety of principal, and FDIC insurance, along with a "market upside payment" that is equal to 100% of the percentage change in the average spot price of gold over the five-year term of the CD! -- Terry Savage, TheStreet.com
Jeff Cooper
Chicken-Little Bear Turns Into Wolf
The bears who had cried wolf in the summer over energy prices have devoured the market in October.
Christopher Edmonds
Silver Lining Will Emerge for Superior
The hit to revenue from recent hurricanes will fade as longer-term opportunities in the Gulf pan out.
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