Today, The Stock Market Is Higher Once Again But Certain Stocks Have Tumbled Dramatically During Market

US Olympic CEO: Russian bombings ‘a preview of what could happen’ in Sochi

(Photo via TODAY)

With just over a month to go before the Winter Olympics get underway in Russia, a top U.S. Olympic official addressed the pair of deadly attacks during a 24-hour period this week in the Russian city of Volgograd. 

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SanDisk Corp (NASDAQ:SNDK) is a leading flash storage technology company that is coming under some selling pressure during today’s trading session. SN…

SanDisk Corp (NASDAQ:SNDK) is a leading flash storage technology company that is coming under some selling pressure during today’s trading session. SNDK stock is trading lower by 0.95 cents to $61.34 a share. Day traders should watch for important intra-day support around the $60.45 level. This is a level where the stock could stage a near term bounce. Nicholas Santiago InTheMoneyStocks.com

This morning, leading digital telecommunications manufacturer Qualcomm Inc (NASDAQ:QCOM) is coming under some selling pressure. The stock is trading l…

This morning, leading digital telecommunications manufacturer Qualcomm Inc (NASDAQ:QCOM) is coming under some selling pressure. The stock is trading lower by 0.63 cents to $68.94 a share. Day traders can watch for intra-day support around the $68.51, and $68.00 levels. Both support levels can give the stock a small bounce during today’s trading session. Nicholas Santiago InTheMoneyStocks.com

Asia Rallies, Japanese ADR’s Could See Early Strength

This is truly tragic. It’s time to count 87,000 Blue Cross and Blue Shield of Alabama customers among the millions of Americans who have lost their health insurance because of Obamacare.

From AL.com:

Blue Cross and Blue Shield of Alabama recently notified about 87,000 policy holders in the...

Private Equity has a new Lobbyist: Ken Mehlman

Ken Mehlman former head of the RNC and the public affairs chief at KKR is now the top lobbyist for the private equity industry. Mr. Mehlman was elected on Thursday to be the chairman of The Private Equity Growth Capital Council.

PEGCC is the most prominent advocacy group for equity and capital firms such as TPG Capital, Silver Lake, Apollo Global Management, Carlyle Group and Blackstone Group. PEGCC was launched in 2007 and is currently being run by president and chief executive officer Steve Judge. Mehlman is succeeding Mark Tresnowski in this position. Tresnowski was a top lawyer for Madison Dearborn Partners.

“As a member of the PEGCC’s Board of Directors, Ken has long been a driving force behind our major initiatives,” said Steve Judge, PEGCC President and CEO. “We’re very pleased to have him as our new chairman. Ken is a unique talent with two decades of experience at the highest levels of government, politics and business. The PEGCC and our members will benefit tremendously from his leadership, advice and counsel.” 

Mr Mehlman's primary responsibilities will be to help expand the PEGCC's outreach as well as educate and engage stakeholders about the value of the private equity industry. At KKR Mr. Mehlman has had a large role in formalizing KKR's outreach efforts including creating robust environmental, social and governance programs for the firms and its portfolio companies. 

“I’m privileged to succeed Mark as Chairman of the PEGCC,” said Mr. Mehlman. “I have enormous respect for the PEGCC’s important work engaging with public policy makers to encourage more economic growth and retirement security for millions of Americans. I also share the PEGCC’s goal of building a community of investors who seek superior returns while also emphasizing active, responsible governance, long term investment and measuring success in years not quarters.

“I would personally like to thank Mark for his invaluable contributions and leadership for PEGCC and the industry as a whole throughout his tenure as Chairman,” said Steve Judge, PEGCC President and CEO. “From our many legislative battles over carried interest and the Dodd-Frank Act to the 2012 presidential election that brought our industry into the national spotlight, Mark provided the PEGCC with exceptional leadership."

http://finance.yahoo.com/video/ceo-stock-sales-153607273.html?format=embed&player_autoplay=false

Evidence CEOs Boast Good News & Dump Stock

Michael Santoli joins Lauren Lyster to discuss a study conducted by the Wall Street Journal which provides clear evidence that CEOs bull their stock before selling shares.

Santoli writes,

Longtime Barron’s columnist Alan Abelson used to remind investors that there are many perfectly good reasons for an executive to sell lots of stock. They might want to diversify, or pay for kids’ college tuition, or fund a divorce. But one of those reasons tends not to be that he or she expects the stock to go up a lot very soon afterward.

Read the rest here…