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Tuesday

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Today on Your Money.....


We started the show in
The Screening Room

Ken Shreve

Ken Shreve, markets desk anchor at Investor's Business Daily, says that while his publication remains positive on the market, its analysts are finding few stocks that have shown the right mix of technical breakthroughs and solid fundamentals to be worth buying. He named the three stocks currently on the IBD 100 list in black borders -- a screen which identifies stocks with top fundamentals and sound charts -- as being poised to break through resistance levels to become new market leaders, but said investors should be patient enough to make sure the stocks don't have a false-start that stops short of a breakout. The three black-bordered stocks are Research in Motion, Herbalife and Cybersource.

 

Gregg McBride

Greg McBride, senior analyst from BankRate.com joined us today as he does every Tuesday to talk about all things rate-related. Today, he said that the slow, steady rise in CD rates over the past several months has stalled, and that it is not likely to pick up again in the near future. In a radio interview, McBride said that with the Federal Reserve appearing ready to stand pat on rates for the foreseeable future, there's not a force driving those savings rates upward. The rate where McBride does see some upward movement is in home-equity lines of credit, which have been inching up over the last five weeks and which are likely to jump significantly in 2009, McBride said.

 


Our Big Interview was with:

Kyle Monson

Kyle Monson, associate editor for PC Magazine, discussed consumer and financial Web sites that made his publication's list of the top 100 "undiscovered Web sites" for 2008. Among his favorites:

RetailMeNot.comGazelle.comTypoBuddy.com,
SomethingStore.comCyberHomes.com, and StockHouse.com.

 

And we played Hold It or Fold It with:

Ryan Jacob

Ryan Jacob, portfolio manager for the Jacob Internet fund, who says that weakness outside of the United States has him avoiding some big-name technology companies that get more than half of their sales overseas. Today on Your Money, Jacob noted that stocks like Oracle and Hewlett Packard are not expensive based on valuations, “but they are dealing with the headwinds of a weakening overseas situation and a stronger dollar.” As a result, Jacob says technology investors will find better opportunity today in smaller names.

 

The following tickers were mentioned today on our program:

JAMFX, ADBE, ID, N, CRM, ORCL, HPQ, SNDK, AAPL, YHOO, TSCM, ALVR, IBAS, ELNK, SNDA, RIMM, HLF and CYBS.

 

 



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