Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Spotlight Stocks: Bear Stearns, E-Trade, Verizon, Yahoo


Thursday's top stories and stocks with potential to move.


Stocks to watch for Thursday, June 5, 2008:

  • Bear Stearns' (BSC) private-equity division, called Bear Stearns Merchant Banking, is expected to announce that it will spin-off into an independent company, reported The Wall Street Journal. JPMorgan (JPM) will assume a total of roughly $1 billion in Bear Stearns' investments and commitments in BSMB vehicles, making it the new company's largest investor, according to people familiar with the situation. The company manages about $5 billion and deals with smaller companies than some of the bigger private-equity players.
  • E-Trade (ETFC) has created an application for Research in Motion's (RIMM) BlackBerry that will allow users to easily get stock quotes in real time and place trades on their phone. According to the Associated Press, while users have been able to visit the websites of their banks and brokers, this is the first that will allow for real time quotes and cash transfers.
  • Verizon's (VZ) wireless division, according to stakeholder Vodafone (VOD), is in talks to acquire rural US mobile service provider Alltel. in a deal worth about $27 billion, including around $23 billion of its debts. With the acquisition the company would become the top US wireless provider, surpassing AT&T (T).
  • Yahoo (YHOO) revealed plans to build out its online advertising operations along with a number of new partnerships. The company hopes to either prove it can succeed without forming a partnership, or that it is actually worth more than what Microsoft (MSFT) had previously offered. Yahoo's president, Susan Decker, noted that a deal with the company can still be made.

That's the news - what does it mean and how are the pros trading it?
Find out with a FREE 2 week trial to our Buzz & Banter

Market Recap

  • Asian trading closed with the Hang Seng +0.55%, Nikkei -0.65%, Sensex +1.64%, Taiwan +1.28% and Shanghai -0.54%.
  • A quick check of Europe finds the CAC -0.08%, DAX +0.25%, FTSE -0.11%, ATX +0.05%, Swiss Mkt. +0.16% and Stockholm +0.01%.
  • In commodities, crude oil is trading higher +0.22 to 122.52 while gold is dipping -9.3 to 874.5 this morning.
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Featured Videos