Here they are...the most widely-read stories on TheStreet.com now:
Stocks Face Early Gains
Robert Holmes
Stock faced a marginally higher open Tuesday as traders undid some of
the late selling that drove down the Nasdaq by more than 1% yesterday.
Venture Capital's Touch
of the Bubbly
Kevin Kelleher
Now that were safely ensconced in the 21st century, it finally feels
safer to talk about the war. But whatever you do, don't mention the
bubble. I don't mean the bubble of the late '90s. I mean the one that
lies ahead. Nobody but the most cold-hearted of polar bears is willing
to say it, but the making of the next great financial bubble is
already under way. That's not to say it's 1999 all over again; it's
more like the clock has been set back to 1997, when Netscape's stock
was trading above $50, Google was a fanciful gleam in Sergei's eye,
and the foundations were being laid for a market that would launch --
and then destroy -- many a fortune.
A Tale of Two ETFs
Gregg Greenberg
Exchange-traded fund investors are suffering from their own "two
Chinas" problem. And it has nothing to do with Taiwan. Late last year,
a pair of ETFs were introduced to meet the clamoring demand for
China-based investment products: the iShares FTSE/Xinhua China 25
Index and the PowerShares Golden Dragon Halter USX China Portfolio.
Although both ETFs arrived with equally huge expectations, a quick
comparison shows a pretty big difference when it comes to performance
over the past year. It also highlights to investors the fact that no
two indices are alike, even if they are ostensibly covering the same
subject matter.
Jana Says Titan
Price Too Low
Emma Trincal
Jana Partners, the activist hedge fund, is calling on Titan
International to seek a higher price from an interested buyer. One
Equity Partners, a private equity affiliate of J.P. Morgan Chase &
Co., offered to acquire Titan in October for $18 a share in cash.
That's not enough, Jana said in a letter to Titan. The current bid
"significantly undervalues the company," Jana said. Titan should get a
higher one or prove that the offer represents the "highest and best
price obtainable for shareholders via a full and open process," Titan
said.
Google Does Web Another Favor
Sandy Brown
The $1 billion price Google is reportedly about to pay for 5% of
America Online strikes some as rich, but richer still could be the
benefits that accrue to several Google peers if the deal goes through.
Come Wednesday, the Time Warner board is expected to ratify the sale,
which implies an overall value for the online service of $20 billion.
The deal has elicited customary protestation from Carl Icahn, who is
waging a loud proxy battle with the media company's leadership. Icahn
published an open letter to Time Warner warning management about the
possible implications of their actions on Monday. The rest of Wall
Street seems less troubled by the transaction.
Daily Investing Tip
'Mad Money' Recap: Everybody Play the Fuel
While it's been around since the first cosmonaut, investors have yet
to appreciate the fact that titanium has exposure to every market I
love -- from oil rigs to airplanes, dental implants to hip
replacements. But the key to titanium is the airline industry, which
is doing whatever it can to replace its fleets with lighter, more
fuel-efficient planes. It's the reason Boeing is winning more orders,
since their lighter planes use less fuel and are made with more
titanium. What's the best way to play the trend? While titanium the
metal is good, I would avoid Titanium Metals Corp., because the stock,
at more than $65 a share, is up way too much. Instead, I recommend
Allegheny Technologies, even though titanium makes up only 16% of
Allegheny's business. The last time titanium peaked, Allegheny was
trading at over $60. The stock closed at $33.01 Monday.
-- James Cramer, TheStreet.com
Joseph Wana
Surf Mobile Content Trend With Openwave
It's just in the early stages of becoming a one-stop shop for wireless carriers.
James J. Cramer
Pharma Cooked Up a Plum Ugly Day
Expiration hangover? No, misplaced belief that if drugmakers are good,
all else is bad. Watch out if they close higher Tuesday.
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