Goldman Sachs was already cautious on Sun Microsystems Inc. (NASDAQ: JAVA). But this morning it slashed a prior Neutral rating down to its ugly SELL rating. The firm cited deteriorating fundamentals as the economy weakens and as customers look for more economical alternatives. We would like to take this opportunity to re-highlight why CEO Jonathan Schwartz was one of our 10 CEOs to go for 2009. Shares have nearly doubled off of recent lows. If Schwartz stays on as CEO and continues his strategy, then that run will have been far too much.We haven’t seen any formal trades go through on Sun yet, but shares are indicated down more than 3% if the original indications are accurate.
Jon C. Ogg
January 8, 2009
Are You Still Paying With a Debit Card?
The average American spends $17,274 on debit cards a year, and it’s a HUGE mistake. First, debit cards don’t have the same fraud protections as credit cards. Once your money is gone, it’s gone. But more importantly you can actually get something back from this spending every time you swipe.
Issuers are handing out wild bonuses right now. With some you can earn up to 5% back on every purchase. That’s like getting a 5% discount on everything you buy!
Our top pick is kind of hard to imagine. Not only does it pay up to 5% back, it also includes a $200 cash back reward in the first six months, a 0% intro APR, and…. $0 annual fee. It’s quite literally free money for any one that uses a card regularly. Click here to learn more!
Flywheel Publishing has partnered with CardRatings to provide coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.