Explicit Picks

October 20, 2009 09:38 ET

Explicit Picks Daily Report Alerts Investors to Big Buzz From CIT Group Inc; Favorable Reports and Marketing With Techs; Apple Inc, Texas Instruments Inc and Motorola Inc.

WASHINGTON, DISTRICT OF COLUMBIA--(Marketwire - Oct. 20, 2009) - Futures are showing signs of a green open this morning. Explicit Picks is watching several stocks this morning for possible early morning trades. Our team at Explicit Picks tracks stocks market-wide with a focus on providing investors with winning micro-cap and small-cap investment ideas. It is time to start taking charge of your investment futures. Investors who want to get plugged in FREE of charge simply need to visit: http://www.explicitpicks.com.

Most technology companies were off to a slow start Monday morning but Apple Inc., Texas Instruments Inc. and Motorola all finished strong. Both Apple Inc and Texas Instruments reported higher than expected earnings, while Motorola benefited from a top notch new add over the weekend. CIT Group Inc. still upstaged all reports with its announcement that billionaire Carl Icahn has offered to underwrite a $6 billion dollar loan to the commercial lender.

Carl Icahn, the corporate raider who may be the largest holder of CIT Group Inc bonds, said the troubled lender is paying too much for an ill-conceived plan to win over a select few creditors. Icahn sent a letter to CIT's board on Monday offering to underwrite a $6 billion loan to the company. CIT Group Inc has acknowledged the offer, and says it intends to ask for more information on his proposal.

Apple Inc closed up 8% with a late day rally yesterday due to its much better than expected earnings reports. The maker of the iPhone and iPod earned $1.82 a share in its fiscal fourth quarter, up from $1.26 a share in the same period last year. Apple's sales of the iPhone and Mac hit quarterly records. The company sold 7.4 million iPhones and 10.2 million iPods.

Texas Instruments Inc also beat forecasts Monday after posting better-than-expected revenue. While analysts who follow Texas Instruments expected the company to turn in a gain of .39 cents a share on sales of $2.82 billion, Texas instruments actually reported earnings of .42 cents on sales of $2.88 billion. The company's shares rose 2.3 percent to $24.05 after closing at $23.52 Monday.

Shares of Motorola Inc. surged Monday as Verizon Wireless launched an aggressive ad campaign to promote a new Motorola phone. Over the weekend ads began to air for the new Motorola "Droid" cell phone.

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