Dr Stock Pick HOT News & Alerts!

_________________________________________

FREE Daily Stock Alerts From DrStockPick.com

_________________________________________

Tuesday October 27, 2009

DrStockPick.com Stock Report!

TAXS, SCHW, PSFT, DISH, PWRM, MMM, CSRH, WFC, CVAT, JPM, AQNM

**************************************************************

TAXS, TaxMasters Inc., TAXS.OB

TAXS‘ commitment to helping taxpayers in the United States regain compliance with The Internal Revenue Service IRS.

TAXS finalized plans this week to take advantage of the expected surge in sales that begins for the IRS tax relief industry in October and builds through April of the following year. TAXS reported sales for the first six months in 2009 of $18,758,000, an increase of $12,348,000 or 193 percent, over 2008 sales for the same period of $6,410,000. TAXS used this growth

...

Wells Fargo & Company (WFC) rendered a $75 million 3-year committed funding facility to Marlin Receivables Corp., an affiliate of Marlin Business Services Corp. (MRLN). Marlin Receivables intends to use the facility fund its growth, with an aim to extend increased flexible equipment financing options to numerous small and medium-sized businesses nationwide.  Marlin Business and Wells Fargo have had similar commitments in the past as well. The continued relation will benefit Marlin as it will bolster its financing base, thereby readily meeting the needs of many small businesses. Wells Fargo is the fourth largest financial services company in the U.S. (in terms of assets) with $1.3 trillion in assets and over $800 million in deposits.  The company provides retail and wholesale banking, mortgage banking, consumer finance, equipment leasing, insurance brokerage, agricultural finance, securities brokerage, trust, investment banking and other financial services through banking stores, the Internet ...

Wells Fargo & Co. (WFC) was accused of steering blacks and Latinos into high-cost sub-prime loans through illegal sales practices by Illinois Attorney General Lisa Madigan in a suit filed on Friday.

The lawsuit resulted from an investigation into possible violations of fair-lending and consumer-fraud laws. By resorting to discriminatory and illegal mortgage lending practices, the company allegedly misled borrowers in the state about loan-mortgage terms, misrepresented the benefits of refinancing, repeatedly refinanced loans and used deceptive mailing and marketing tools to bewilder borrowers. On the other hand, white borrowers with similar incomes received lower-cost loans with more favorable terms from Wells Fargo.

The class-action suit asked the court to rescind all unfair contracts and grant full restitution to affected consumers. It also asked the court to impose civil penalties for violations.

Wells Fargo is the fourth-largest (in terms of assets) financial services company in the U.S. with

...

On July 8, KeyCorp (KEY) announced the commencement of an offer to exchange its common shares for any and all Trust Preferred Securities of KeyCorp Capital V and KeyCorp Capital VI, and any and all Enhanced Trust Preferred Securities of KeyCorp Capital VIII, KeyCorp Capital IX and KeyCorp Capital X.

KeyCorp had recently said that with the successful closure of a previously announced exchange offer, the company believes that it has fulfilled the requirement under the Supervisory Capital Assessment Program or stress test - to generate $1.8 billion of tier 1 common equity capital.

Under terms of the offer, for each Trust Preferred Security of KeyCorp Capital V, KeyCorp Capital VI, KeyCorp Capital VIII, KeyCorp Capital IX and KeyCorp Capital X (the Capital Trusts) accepted, KeyCorp will issue a number of its common shares based on an exchange ratio which will be announced on August 3.

Further, for

...

On July 6, 2009, Wells Fargo & Company's (WFC) announced its plans to expand its securities business. The company intends to put in incremental investment in the securities business that it primarily inherited when it acquired Wachovia at the end of 2008 for $12.5 billion.The business, to be named Wells Fargo Securities, will offer a wide range of services like merger advice, stock and bond underwriting, loan syndications and fixed-income trading. With the expansion, the company will bring competition to its rivals such as JPMorgan Chase (JPM) and Citigroup (C).We believe that the expansion will positively impact the profitability of the company and is well-timed, especially when we see some signs of rebound in the U.S. markets. This also comes as a bold move on the part of WFC when the financial services industry is not ...

With the Rally Nearly Over the Germans are Buying Gold.

The Dow fell another 107 points yesterday. Oil held steady at $70. The dollar fell to $1.38. And gold rose $4 to 932.

What if the rally is over? Could be… It began on 9 March. That makes it more than 3 months old. Most likely, it will continue through the summer. But who knows?

The important thing to remember is this: there can be no major, sustained bull market without one of two things happening.

Either… the mistakes of the Bubble Epoque must be cleared away… allowing for a new era of genuine growth and real prosperity. At best, this would take a few years to achieve. Just imagine how long it will take to restructure GM into a profit-making business again. Just imagine how long it will take consumers to pay down their debts so they can begin to spend again. Just

...

The past month has seen all 4 covering analysts raise expectations for this fiscal year on World Acceptance Corporation (WRLD), which is a rather strong show of confidence for this consumer finance company.

< ?DART(15);?> Expectations for the year, which ends March 2010, are now at $3.60, or 6.8% better than 30 days ago. Next year's estimate has advanced 9.5% in that time to $4.05, as half of the covering analysts boosted their outlooks in the period.

Therefore, though it's still very early, analysts are currently expecting next fiscal year's profit to improve around 12.5% from this fiscal year.

Shares of this Zacks #1 Rank Top Performer are up approximately 11% today on low volume of 344,000 shares, compared to its average of 689,000.

Late last month, WRLD announced a solid fiscal fourth-quarter performance, which was attributed to increased loan demand, new offices

...

HSBC said it was cutting 6,100 jobs… closing offices all over America.

Angela Merkel to Eastern Europe: Drop Dead!

You remember that famous cover story of the New York Daily News? New York was nearly bankrupt in 1975. The city asked the feds for a bailout. To his everlasting credit, Gerald Ford had the backbone to just say ‘no.’

Had he given the city a bailout, Ford (NYSE:F) might have won his race against Carter. He believes that that headline cost him the New York vote…and the election. Then again, had he given New York a bailout…the city might be more like Detroit.

The kindness of strangers is one of life’s delights, but once you begin to count on getting something for nothing you are on the road to Hell. At least, that is our view here at The Daily Reckoning.

Welfare ruined the lives of millions of people. (More on

...

Many investors avoid low priced stocks, and in some cases for good reason as the low share price can be an indication of a company's hardships. At the same time, not everyone is ready to plunk down hundreds and even thousands of dollars to buy a few shares of the likes of Google.

< ?DART(15);?> Thus, I decided to search for low-priced stocks that also offer stellar fundamentals and solid growth potential. As it turns out, the Low Price Stocks screening strategy from Zacks Profit Tracks not only delivers the aforementioned but also produced some of the highest returns.

The Low Price Stocks strategy boasts the highest Profit Tracks total return of 736.7% and outperformed all the profit tracks in 2008 with a gain of 16.7%.

The strategy identifies stocks priced below $20 that are trading at discount valuations and have a Zacks Rank of #1 (“Strong Buy”) or #2

...

Today, HSBC Holdings plc (HBC) posted 2008 full-year pretax profit of $19.9 billion, excluding goodwill impairment charges -- down 18% year over year. This was modestly above our full-year estimate of $19.2 billion. Including the goodwill write-off, pretax profits were $9.3 billion -- down 62% year over year.Most businesses reported profits for the year, except North America, where there was a loss of $15.5 billion, including a $10.6 billion goodwill impairment in personal financial services. HSBC has decided that it will no longer write consumer finance business through the HFC and Beneficial brands in the US and is closing the majority of the network, allowing the remaining business to run off. HSBC acquired those businesses in 2003 for $14.8 billion when it purchased Household International, Inc., a leading sub-prime consumer lender.The company paid a 4th quarter interim dividend of $0.10 per share (or 0.50 ...