Financial News

Kiss the Dollar Good-bye, that's the way the media and Wall Street has been treating the U.S. currency lately.  As more negative press is spilled out on an hourly basis about the declining greenback the PowerShares DB US Dollar Index Bullish (NYSE:UUP) continues its fade to black.  If only the dollar was made for loving you.

Goldman Sachs' (NYSE:GS) CEO explained to the public that they pay more because their employees are more productive and just downright special. Quote of the Year --"What people fail to mention is that net income generated per head is a multiple of our peer average. The people of Goldman Sachs are among the most productive in the world." Show me the Money.

We know, perhaps the cheesiest headline you read today, almost as bad as a 1960's space alien from Star Trek.  However, it's not funny for Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) shareholders who are now victim to trigger happy traders pushing shares down 10% after-hours. 
Green Mountain just posted a decent quarter but it's the guidance that is panicking sellers.  The company's first quarter GAAP earnings per share is estimated in the range of $0.11 to $0.15. Too bad the Street analysts expected earnings of $0.21 per share.

Not a lot of news worth mentioning today, fellow Masters. This article by Daniel Gross at Slate.com caught my eye though. He poses the question If the economy's stagnant, why are stocks up? The answer is disturbing.

President Obama's maiden voyage to Asia has all the looks of a come-to-banker meeting, says William Pesek - except the reality dawning on Asia is that Obama can't promise that the U.S. can repay its debt and keep the dollar from crashing. Let's hope they call in the loan in a smooth way.

Priceline.com Incorporated (NASDAQ:PCLN) shareholders are ecstatic today, as shares are up +30.76, close to a 20% gain. Stockmasters, I can’t help but think that PCLN shares are a bit overbought. Beware of the “hangover” tomorrow in PCLN shares.

Here is JP Morgan’s take on PCLN:

Ah our beloved Wal-Marty finally gets its spotlight this Thursday (Nov 12th) when the mighty retailer reports third quarter 2010 earnings.  Wal-Mart Stores Inc. (NYSE:WMT) takes the stage before the market opens and the world will be watching as shareholders hope for something good.

The analysts covering Google Inc. (NASDAQ:GOOG) were right for once, the $600+ target price is getting closer and closer.  On Monday Google shares hit a new 52-week high of $562.58 and after-hours they only fell back to $562.40.
Last month a ton of analysts set $600+ target prices on Google shares, they were right on the money.

Gold is back in style in a major way on Wall Street, as Gold approaches $1,100, you may be wondering what Gold stocks we recommend. Right now, Ivanhoe Mines Ltd. (USA) (NYSE:IVN) and Yamana Gold Inc. (USA) (NYSE:AUY)  are both looking like great plays.

Smith Micro Software (NASDAQ:SMSI) shares were punished yesterday by a huge -25% selloff for lowering its forward revenue numbers. Smith Micro shares are picking themselves off the ground in a bloody mess up 2% for a TGIF trading session.  SMSI had a wipe out yesterday of $64 million in market cap. Could the selloff be a bit too much? Since when is being honest and unsure worth 1/4 of your company's share price?  Apparently investors could not handle the truth.