Tuesday, June 9, 2009

Tuesday Morning

AlphaNinja - Quiet opening expected, with futures slightly to the downside...Retailers Talbots (TLB) and Men's Wearhouse (MW) trading up, as is Texas Instruments(TXN) after increasing quarterly guidance. Abroad, Netherlands-based TomTom is +17% after Apple announced it will include the company's navigation software in its next iPhone.

Buffet loaded up on municipal bonds as yields spiked...

$12-13billion looks to be the pricetag BlackRock will pay for BGI

PIMCO weighs in on the Fed's target rate.
"Pimco’s view echoes those of the Wall Street firms that trade directly with the Federal Reserve, who say bets on higher interest rates will turn out to be wrong. Fifteen of the 16 so- called primary dealers surveyed by Bloomberg News said they don’t expect the central bank to raise the target rate for overnight loans between banks this year. "

Zell's real estate timing was magnificent - not so for his newspaper investment.

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