Recap of “Power Lunch” – 11/9/09
Ockham’s daily Recap of Power Lunch.
Listed below are stocks that were mentioned in CNBC’s Power Lunch on Monday November, 9th.
As the name suggests, CNBC’s Power Lunch comes on midway through the trading day. Anchors Bill Griffith, Sue Herera, Dennis Kneale and Michelle Curoso-Cabrera, often taping on location at some of the sites where the news happens, bring a recap of the markets and economy through the first half of the day. Below are the stocks that were mentioned on Power Lunch, which runs from 12 pm until 2pm ET.
Want to know everything that was said on Power Lunch? Then you have to watch it. Visit CNBC for show times and channel guides.
CNBC – Power Lunch Stock Commentary for 11/9/2009
1:52:12 PM
GS
$175.97 Goldman Sachs Group, Inc.
GS Having an Active Day in News, Now on Power Lunch Some suspect, but there’s really no evidence of it. >> but i’m interested, I had them work up a quote from the article we were reading an of the sunday times of london profiling GOLDMAN SACHS and there’s a statement that says goldman staffers are trained to brain pick contacts and clients harder than the other guys. You ask what’s their best trade, how do they see the market, you then you feed it to colleagues “… to brain pick contacts and clients harder than the other guys. You ask what’s their best trade, how do they see the market, you then you feed it to colleagues …” |
1:37:17 PM
WFC
$27.94 Wells Fargo & Company
News on WFC From the Pundits on Power Lunch And nationwide,we’re with you when you need adviceand planning expertise to meet today’s challenges.WELLS FARGO advisors.Together we’ll go far. It’s not always easy living with copd, but I try not to let it hold me back… Whether i’m at down by the lake or… Fishing at the shore. I’m breathing better… With spiriva. Announcer: spiriva inhaled “… or… Fishing at the shore. I’m breathing better… With spiriva. Announcer: spiriva inhaled …” |
1:35:56 PM
JPM
$43.65 JPMorgan Chase & Company
JPM Having an Active Day in News, Now on Power Lunch >> sometimes it just never goes >> right. And that’s the cultural battle and that’s what we’re seeing >> thank you, charlie. I had a friend who worked at chase and I asked somebody about them and they said it’s JPMORGAN CHASE, he says, yes, he’s a they still look down on those people coming from chase. >> JPMORGAN CHASE is going to lift the salary freeze currently in place for those earning $60,000 plus. That’s according to dow jones. That was the perfect segway. She’s on top of everything. >> straight ahead, business spends billions on marketing and advertising, but the internet is dramatically changing how that money is being spent. “… ill look down on those people coming from chase. >> JPMORGAN CHASE is going to lift the salary freeze currently in place for those earning $60,000 plus. That’s according to dow jones. That was the perfect segway. She’s on top of everything. >> straight ahead, business spends billions on marketing and advertising, but the internet is dramatically changing how that money is being spent. …” |
1:33:59 PM
BAC
$15.61 Bank of America Corp.
Stocks to Watch: BAC Heavily Covered on Power Lunch Ranks of B OF A and basically look for an outside candidate even though they really can’t there’s no one that really wants this job just yet. I was told last night by a senior executive at BANK OF AMERICA that they’re going to be interviewing some people this week, but what it’s really come down to, most of the key players, most of the top bankers that could take the job don’t want the job. So they’re down to those who guys and there’s a board room battle over who to select between them, and that’s making this process even more unsettling, and it’s pretty interesting, if you look at a stock chart of BANK OF AMERICA, if you look at what happened after we reported the news, I believe, on september 30th, I think that was a wednesday, we did it on "fast money," the stock basically had a nice pop. It went from $15 to $18 or something along those lines because people figured with ken lewis stepping down, there’s been a lot of controversy, he’s “… this week, but what it’s really come down to, most of the key players, most of the top bankers that could take the job don’t want the job. So they’re down to those who guys and there’s a board room battle over who to select between them, and that’s making this process even more unsettling, and it’s pretty interesting, if you look at a stock chart of BANK OF AMERICA, if you look at what happened after we reported the news, I believe, on september 30th, I think that was a wednesday, we did it on “fast money,” the stock basically had a nice pop. It went from $15 to $18 or something along those lines because people figured with ken lewis stepping down, there’s been a lot of controversy, he’s …” |
1:32:15 PM
BAC
$15.60 Bank of America Corp.
A Discussion of BAC’s CEO Occured on Power Lunch I think we’ll probably be in the middle 1100s because we’ll get caught in that vacuum on the way up as we did in the way down? >> despite BANK OF AMERICA spending months structuring a secession plan for ken lewis a replacement has yet to be named and now a north versus south civil war has broken out inside the bank’s board room pitting charlotte against those from its acquisitions in boston which is in the north for those of you who don’t know. Each side backing its own “… a north versus south civil war has broken out inside the bank’s board room pitting charlotte against those from its acquisitions in boston which is in the north for those of you who don’t know. Each side backing its own …” |
1:31:03 PM
GOOG
$560.91 Google, Inc.
Power Lunch: GOOG is Among Most Active Stocks in the News Today The good graces of the market versus buying that high beta play or the chase for trash earlier on in september. >> what about all these deals, cadbury, kraft, GOOGLE laying out $750 million in stock at least, but we’ve seen a lot more deals. Isn’t that good news? >> it’s always positive for the you want to see that creative entity to the marketplace and you want to see deals getting it means even if they are mostly stock, you want to see the finances involved in it. But it is definitely a win/win “… od news? >> it’s always positive for the you want to see that creative entity to the marketplace and you want to see deals getting it means even if they are mostly stock, you want to see the finances involved in it. But it is definitely a win/win …” |
1:31:03 PM
KFT
$26.44 Kraft Foods, Inc. Class A
The good graces of the market versus buying that high beta play or the chase for trash earlier on in september. >> what about all these deals, cadbury, KRAFT, google laying out $750 million in stock at least, but we’ve seen a lot more deals. Isn’t that good news? >> it’s always positive for the you want to see that creative entity to the marketplace and you want to see deals getting it means even if they are mostly stock, you want to see the finances involved in it. But it is definitely a win/win “… od news? >> it’s always positive for the you want to see that creative entity to the marketplace and you want to see deals getting it means even if they are mostly stock, you want to see the finances involved in it. But it is definitely a win/win …” |
The good graces of the market versus buying that high beta play or the chase for trash earlier on in september. >> what about all these deals, CADBURY, kraft, google laying out $750 million in stock at least, but we’ve seen a lot more deals. Isn’t that good news? >> it’s always positive for the you want to see that creative entity to the marketplace and you want to see deals getting it means even if they are mostly stock, you want to see the finances involved in it. But it is definitely a win/win “… od news? >> it’s always positive for the you want to see that creative entity to the marketplace and you want to see deals getting it means even if they are mostly stock, you want to see the finances involved in it. But it is definitely a win/win …” |
1:29:39 PM
MCD
$62.50 McDonald’s Corp.
Invest in MCD? Turn on the TV, Its All Over the News and Power Lunch >>> shares of radio shack trading higher. They will start carrying the iphone at some of its stores and investors believe that will help it ring up more profits. >>> shares of MCDONALD’S have been trading higher. That stock is up a little less than 2% in today’s session. >> bill, let’s go down to the floor of the new york stock exchange and chat with steve grasso of stuart frankel who is standing by to tell us what’s going to drive the market higher perhaps into the latter part of “… today’s session. >> bill, let’s go down to the floor of the new york stock exchange and chat with steve grasso of stuart frankel who is standing by to tell us what’s going to drive the market higher perhaps into the latter part of …” |
1:29:29 PM
RSH
$20.19 RadioShack Corp.
RSH Having an Active Day in News, Now on Power Lunch With kraft going hostile in its they did not increase their original offer and cadbury is rejecting that bid. >>> shares of RADIO SHACK trading higher. They will start carrying the iphone at some of its stores and investors believe that will help it ring up more profits. >>> shares of mcdonald’s have been trading higher. That stock is up a little less than 2% in today’s session. >> bill, let’s go down to the floor of the new york stock “… up more profits. >>> shares of mcdonald’s have been trading higher. That stock is up a little less than 2% in today’s session. >> bill, let’s go down to the floor of the new york stock …” |