Wednesday, March 26, 2008

Motorola to Split Itself in Two

Well, it looks like Motorola is finally going to split itself in two following more bad news about it's cell phone business. They just can't get a handle on a successful follow-up to the Razr. The good news is that their set top business and two way radio business is doing very well. Overall I would say this is good for investors who already own the stock. I won't be buying however.

Tuesday, March 25, 2008

Mastercard Rallying

MasterCard (MA) opened at 222.30. So far today, the stock has hit a low of 222.00 and a high of 230.00. MA is now trading at 226.38, up 6.00 (2.70%). The stock hit its 52 week high of 228.93 today and set its 52 week low of 105.75 in March.

MA has been on fire over the past year, and like other stocks has been rising as investors continue to be excited by the news that JPMorgan Chase (JPM) is in talks to boost its offer for Bear Stearns (BSC) to $10 a share from $2.

Also encouraging is the strong housing report and excitement over the Visa IPO. I remain bullish on this stock, but it is getting pricey, so I would wait for a fall back.