This post provides links to a number of interesting articles I have read over the past few days that you may also enjoy.

• John Arlidge: (Times Online): I’m doing “God’s work”. Meet Mr Goldman Sachs, November 8, 2009. The Sunday Times gains unprecedented access to the world’s most powerful, and most secretive, investment bank.

• Martha White (The Big Money): The Dow is too high, November 9 2009. What’s holding up the stock market? (It’s not the economy.)

• Rob Smyth, Bill Ryder and Ken Liu (Riverfront): Ten conditions for a sustainable recovery, November 9, 2009.

• The New York Times: Jobless recovery, November 7, 2009. We know that more stimulus spending and government programs are a fraught topic. But they are exactly what the country needs. It may be the only way to prevent a

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Companies featured in this edition of the newsletter: ACTC, CHIP, CVM, DKAM, ENZ, IWEB, MBCI, MFGD, PHC

Markets rebounded last week, on the strength of upbeat productivity and manufacturing reports that led to solid gains in all of the major indices. Despite news that the unemployment rate had hit its highest levels in 25 years, the Dow managed to end the week up 310 points, gaining 3.2% on the week to close at 10,023, up 14.2% on the year. The Nasdaq posted a gain of 3.3%, closing at 2112 and extending its yearly gains to 34%, while the S&P 500 and Russell 2000 advanced 3.2% and 3.1% respectively on the week to bring their YTD performance to 18.4% and 16.2%.

Several better than expected economic reports provided buying incentive throughout much of the week, as investors managed to shake off the previous week’s negative bias to send indices into positive territory

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Dr Stock Pick HOT News & Alerts!

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Thursday November 5, 2009

DrStockPick.com Stock Report!

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Power3 Medical Products, Inc. (OTCBB: PWRM), a leader in neurodegenerative disease and cancer biomarkers and diagnostic tests, announces further international recognition of validity as the company’s President and CSO, Dr. Ira Goldknopf, will deliver an invited Keynote address and chair a session on “Biomarkers and Diagnostics in Personalized Medicine (Track 6-4),” at the BIT Life Sciences 2nd International Congress and Expo of Molecular Diagnostics in Beijing, China, November 19-21, 2009. The Theme of the meeting is “New Leadership of

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Dr Stock Pick HOT News & Alerts!

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FREE Daily Stock Alerts From DrStockPick.com

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Monday November 2, 2009

DrStockPick.com Stock Report!

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Consorteum Holdings Inc. (OTCBB: CSRH) announced that it has proceeded to launch its consumer stored value rebate card. The consumer rebate card program will offer manufacturers and retailers a new way to process mail-in rebates that ensures increased customer loyalty and decreased overhead costs. Consorteum will work directly with manufactures and retailers to reduce the administration costs associated with mail-in rebate programs while providing a new way to increase consumer awareness. Additional revenue and cost-saving opportunities will be

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• Potash (NYSE:POT) reported third-quarter earnings of 82 cents a share, versus Zacks estimates of 82 cents, as revenues fell 64% to $1.1 billion. Citing continued caution among fertilizer customers, the firm projected fourth quarter earnings of 65 to 85 cents a share

• Credit Suisse (NYSE:CS) reported net profits of $2.33 billion on a surge in investment banking operations and strength in its private banking arm. Its tier one capital ratio rose to 16.4%, the highest of any of the world's major banks

• UPS (NYSE:UPS) reported third quarter results of 55 cents, three cents above Zacks estimates, on revenues of $11.15 billion, versus Zacks estimates of $11.17 billion. The company said it sees fourth quarter earnings of 58 cents to 65 cents a share

• Merck's (NYSE:MRK) third quarter results of 90 cents beat Zacks estimates by 8 cents on inline revenues of $6 billion. The firm set full year guidance

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A bit of selling pressure sent major averages lower at the end of an otherwise upbeat week on Wall Street as Bank of America and General Electric’s numbers disappointed investors.  The Dow Jones industrial average, after closing above the 10,000 mark for two successive sessions, finished just below that level.  Despite the drop, stocks managed to post impressive gains on the week even as investors grew jittery about credit losses in the financial sector. 

Bank of America (NYSE:BAC) said it lost $2.2 billion during the quarter after it wrote down almost $10 billion in bad loans and General Electric’s (NYSE:GE) revenue numbers were below Street projections.  Higher loan losses aggravated investors’ concerns as Citigroup (NYSE:C) and JP Morgan (NYSE:JPM) had also reported higher loan losses during the quarter.  General Electric’s (NYSE:GE) results were impacted by lower earnings at its GE Capital unit.    

The 30-share Dow Jones industrial average fell

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JPMorgan Chase & Company (JPM) decided to pay $55 million to settle a lawsuit related to the losses of investors with the collapse of American Business Financial Services Inc.  American Business Financial Services filed for bankruptcy in Jan 2005 as its debts (including interest) exceed $1 billion. JPMorgan had by all accounts taken part in reporting pretended gains and assets to create the illusion that American Business Financial Services was profitable. But originally it was losing hundreds of millions of dollars.  Concurrently, other two investment banks, Credit Suisse (CS) and Morgan Stanley (MS), agreed to settle the same lawsuit. Credit Suisse agreed to pay $37.5 million and Morgan Stanley agreed to pay $7.5 million.   The settlement amount of these three banks aggregates $100 million. This is the largest settlement so far in a series of lawsuits by the court-appointed bankruptcy trustee George Miller. ...

In an attempt to takeover the European junk bonds after the financial crisis, Nycomed, one of the private equity-owned Swiss drugmaker has made a 4.5 billion Euros bid to purchase Solvay SA’s drug operations. The Zurich based company said that it this bid and takeover is finalized it will help them to reach their annual sales figures of $6 million which is why they have gone ahead and made such a high bid to buy Solvay’s pharmaceutical unit and operations. However, the Belgian conglomerate Solvay SA’s has not yet responded to the bid and has informed that they might take a little time to think about it and would not rush through the deal....

• This morning’s reports say the Government of Singapore Investment Corp has reduced its stake in Citigroup (NYSE:C) to less than 5% through open market sales

• The CEO of Cadbury (NYSE:CBY) noted "complementary elements" of Kraft (NYSE:KFT) and Cadbury, but said he would still advise rejecting the deal at the current $16 billion bid

• Oracle's (NASDAQ:ORCL) CEO noted dangers of the European regulatory delay of its proposed $7 billion acquisition of Sun Microsystems (NASDAQ:JAVA), saying Sun Micro is currently losing about $100 million a month

• AMR (NYSE:AMR) announced a 30 million common and $250 million convertible senior notes offering

• Louisiana-Pacific (NYSE:LPX) said it is planning a public offering of 18 million shares of its common stock

• TJX (NYSE:TJX) said its board approved a $1 billion share buyback, reflecting 6.2% of the company's outstanding shares

• Microsoft's (NASDAQ:MSFT) Bing search engine managed to grab more share from Google (NASDAQ:GOOG), reaching 9.3% of

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• Dell (NASDAQ:DELL) revealed plans to acquire Perot Systems (NYSE:PER) –founded my former U.S. Presidential candidate, Henry Ross Perot- for about $3.9 billion, or $30 per share in efforts to expand beyond its core computer business to include computer-services consulting. • Wynn Resorts (NASDAQ:WYNN) has responded to positive reactions to its plans for an initial public offering in Hong Kong of its Macau casino operations, increasing the size of proceeds to about $1.6 billion from $1 billion of a few weeks earlier. • Credit Suisse (NYSE:CS) lifted its rating on Novellus Systems (NASDAQ:NVLS) to "outperform" from "neutral" with a price target of $29, up from $23. • Lennar Corp (NYSE:LEN) reported a 3rd quarter loss of 97 cents, including 76 cents in charges, versus estimates of a $0.48 cent loss, compared with a 56 cent loss last year. • Synnex Corp (NYSE:SNX) is scheduled to report earnings today, with an ...