Wednesday, January 7, 2009

Bouncing Off the Sea Floor

Barron's - Daily Roundup
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January 7, 2009 -- 7:00 p.m. EST
UP AND DOWN WALL STREET DAILY
Fiscal Plans Stimulate the Bulls
But market may be overly optimistic about impact of Obama's spending package.
 

 
THE STRIKING
PRICE DAILY

A Bold But Realistic BofA Trade
Consider doing a straddle of Bank of America shares as a bet that they will remain range-bound for awhile.
 

 
GETTING TECHNICAL
Staying the (Short-Term) Course
The bad-news parade continues, but stocks still look good for another leg higher.
 
WEEKDAY TRADER
Bouncing Off the Sea Floor
After sinking sharply in recent months, shares of deepwater oil-services play Oceaneering International are on the rebound.
 

 
INSIDE SCOOP
Big Buyers Stepped Up as 2008 Wound Down
December volume surged in insider purchases compared with a year ago.
 

 
CHARTING THE MARKET TODAY
Stocks in the Spotlight Wednesday
Alcoa fell. Family Dollar, Monsanto and NetScout rose.
 

 
INVESTORS' SOAPBOX PM
Airlines May See Strong Earnings in 2009
Avondale Partners says capacity cuts have offset lower travel demand.
 

 
HOT RESEARCH PM
Regions Financial's Credit Exposure
Credit Suisse downgraded the bank and suggested ending the dividend.
 

 
INVESTORS' SOAPBOX AM
December Steel Output Seen at 26-Year Low
Credit Suisse says steel stocks will do well in a utilization rebound.
 

 
HOT RESEARCH
Google Gets a Little Luckier
The Web giant has managed to cut costs and grow ad coverage.
 

Markets7:07 p.m. EST
  DJIA * 8769.70 -245.40 -2.72  
  Nasdaq * 1599.06 -53.32 -3.23  
  S&P 500 * 906.65 -28.05 -3.00  
  Barron's 400 * 193.91 -6.77 -3.37  
* at close
Source: Reuters and Dow Jones
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