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Ticker Shock: Yahoo, GM Caught in Rumor Mill


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


Is it possible to still be full from Thanksgiving? I think I still am.

Overnight, Asian markets were a bit of a mixed bag: The Hang Seng was up more than 1%, while the Nikkei was down more than 1%. Europe was in the red this morning, and we're off to a lower open in the US.

Here's what I'm seeing:

Yahoo (YHOO)
Are they or aren't they? It's starting to sound like a soap opera. Over the weekend, Reuters reported that "Microsoft is in talks with Yahoo to buy the US Internet company's online search business for $20 billion." Then on Sunday, CNBC's Jim Goldman reported that suggestions of "a multi-billion dollar partnership between the two [being] imminent is not true."

I'm more inclined to believe CNBC's take. But, like 2 teenage sweethearts at a high-school dance, Yahoo and Microsoft (MSFT) may still get together in some capacity down the road.

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General Motors (GM)
Cutting right to the chase, the Wall Street Journal reported that "General Motors is trying to lure some of its debtholders into exchanging debt for equity, as it tries to steer clear of a Chapter 11 bankruptcy-law filing."

I'm glad to hear the company may be hustling to right to this ship -- and I certainly sense that Congress will appreciate the company's efforts -- but I'm not eager to hop on board just yet. It's hard to get motivated with such uncertainty over how, or if, the government will intervene. For recent color on GM, click here.

Tata Motors (TTM)
According to Bloomberg, "India's largest commercial-vehicle maker had its corporate family debt rating downgraded for the second time in six months by Moody's Investors Service." This could lead to tax-loss selling and impact borrowing costs going forward. Shares are already trading near their 52-week lows, so this is the last thing the company needs right now is this.

Long story short: I think the shares have longer-term potential, but could take a hit on the news.

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No positions in stocks mentioned.

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