Hilights from Stimulus Plan - Obama wants to restore cuts in funds for school construction jobs and help for cash-starved states. Treasury Secretary Timothy Geithner would outline rules on Tuesday for $350 billion in bailout funds designed to help the financial industry as well as homeowners facing foreclosure. Obama's call for a tax cut for lower-income wage earners, as well as billions for unemployment benefits, food stamps, health care and other programs to help victims of the worst recession in decades. In a bow to the administration, they also include billions for development of new information technology for the health industry, and billions more to lay the groundwork for a new environmentally friendly industry that would help reduce the nation's dependence on foreign oil. Both houses provide for tax breaks for home buyers, but the Senate's provision is far more generous. The Senate bill also gives a tax break to purchasers of new cars. Both houses provide $87 billion in additional funds for the Medicaid program, which provides health care to the low income. The Senate proposed $450 million for NASA for exploration. The Senate bill calls for several billion more in spending for research at the National Institutes of Health.
MSN - moves for investors now, love the unloved like Financial Select Sector SPDR(XLF), and Industrial Select Sector SPDR(XLI). Get paid to wait, iShares Dow Jones Select Dividend(DVY) own 100 high-yielding stocks, current yield 6.9%. Buy your age in bonds, high yield bond fund.
Street - Likes Freeport-McMoRan(FCX) as a China play because they make up 30% of the copper demand, buy if the stock pulls back into the low $20s. Top 5 all-around value, NTT DoCoMo(DCM), Raytheon(RTN), FPL Group(FPL), Archer Daniels Midland(ADM), Verizon Communications(VZ).Fast Money - like health care and technology, like (AAPL), (GOOG), (IBM), like Diageo(DEO) as a safe dividend play at 5.3% and Phillip Morris(PM) at 6%. Also, Nexflix(NFLX), Akamai Tech(AKAM), Priceline(PCLN). Cramer - Two bank stocks Goldman Sachs(GS) and Morgan Stanley(MS), buyer of American Public(APEI) on any pullbackunder $40, like Alcoa(AA), Marathon Oil(MRO), Duke Energy(DUK), BHP Billiton(BHP), Freeport-McMoRan(FCX), ConocoPhillips(COP) and Valero(VLO). Upgrades - Adobe Systems(ADBE) $27, Big Lots(BIG) $19, Corning(GLW) $14.75, Kennametal(KMT) $24, Murphy Oil(MUR) $60, Weyerhaeuser(WY) $53, Energy Conversion Devices(ENER) target $33, XTO Energy(XTO) $57, Hormel Foods(HRL), Lorillard(LO), Sport Supply Group(RBI), Hewitt Associates(HEW), SWS Group(SWS).
Zacks - Myriad Genetics(MYGN), Republic Services(RSG).
TheStockAdvisors - Consider General Electric(GE) for 4 reasons, represents the national economy and will recover when it does, its a natural target for big money investors, dirt cheap at 6x earnings and at book value, higest yield in the DOW at 10.2%. Blackrock Income(BKT) buy up to $6.50, should yield 10-15% over the next 12 months. Ship Finance(SFL) operates a leasing company for Frontline's tankers, the stock seems cheap, P/E 3x only, 1.1x book value!
Investment U - Cashing in on "Cutting Back", Amazon.com(AMZN) and Netflix(NFLX).
Fool - Health-care information technology stocks Cerner Corp(CERN) and Quality Systems(QSII). Big-name consumer staples that have the ability to survive a more difficult financing time like Wal-Mart(WMT) and McDonald's(MCD). High-quality corporate bonds, inflation protected. Roth IRA is a good way to go now with lower taxes, eventually taxes will be raised to pay for this stimulus bill and you can withdraw your money tax free.
IBD - positive article on Gilead Sciences(GILD).
a summary of various stock recommendations from various sources.
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- 39 year old male with live in girlfriend, two kids
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