« No Work and No Play | Main | Investing in Micro-Caps »

The Buy List is having a fairly weak morning today. The market is digesting the news of General Motors’ (GM) big restructuring. Personally, I think this is too little, too late. The company is laying off 30,000 people and shutting nine plants.

Share of Commerce Bancorp (CBH) are lower due to a downgrade from Merrill Lynch. They’re worried about the flattening yield curve. I try not to get too worried about this. Commerce is a solid bank and the stock has been rallying for the past few weeks, despite the yield curve.

On the plus side, eBay (EBAY) looks strong, and Quality Systems (QSII) continues to do well. Dell (DELL) peaked above $30, but it looks like it won’t hold. Business Week and the Wall Street Journal take a look at credit scores and how companies like Fair Isaac (FIC) determine how reliable borrowers are.

There’s news from Russia that the government may finally let foreigners invest in Gazprom, the Kremlin-controlled natural gas monopoly. Currently, foreigners have to pay a heavy premium for shares of Gazprom. Just to let you know, the ticker symbol KGB is currently open.

This should be a quiet week on the market. The stock exchange is open on Friday which is traditionally the slowest day of the year.

Posted by edelfenbein at November 21, 2005 11:03 AM