ScreenShot: Quality at a Discount (RealMoney by TheStreet.com) and The Truth About Qualcomm's Quarter (TheStreet.com)

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City of Industry, CA --(www.USEquityNews.com)-- 11/07/2008 - Investing Ideas industry alert provided by U.S. Equity News. Today is stock screening day at Chez Melvin. I expected the market to sell back down after the somewhat euphoric rise into this week's election, and I wasn't disappointed. I'm not sure that it's over or that we won't retest the lows or even break them. I have pointed out in the last couple of weeks that a lot that can still go wrong and take the stock market lower.


In the face of all this uncertainty, I run my screens every week to see if I can find stocks that are just too cheap not to own. I found that for the most part, the lists of stocks that hit my Schloss and Graham screens (my two favorites) remained fairly stable, with no surprising or interesting additions. I ran the screen for S&P 500 stocks under tangible book with low debt and found that although the list has shrunk since the October lows, one interesting name has joined the list. Northrop Grumman has fallen to the point where it makes the cut. [Read the full article]

What's $560 million between friends? The Business Press Maven's guess is not much, at least if the buddies are Fortune, the business media outhouse -- uh, outlet -- and Qualcomm, the wireless chipmaker.

You see, savvy investor, if you completely ignore a $560 million revenue boost from a one-time patent settlement with Nokia (NYSE: NOK), you'd think Qualcomm (Nasdaq: QCOM) had a really nice fourth quarter, even though it raised more red flags than one can count for the current quarter. Sure enough, there was Fortune, talking right up top about how Qualcomm had "turned in a strong fiscal fourth quarter Thursday." It sounded a bit peculiar, as the very next line spoke about how many tech biggies, including Cisco, Intel and Apple, have lowered financial projections as business took a nosedive this fall. [Read the full article]

MARKET ANALYSISSince our last report, a rousing bit of "Obamatimism" has been replaced by reignited economic woes and aggressively lower market prices. For the three day period the S&P500 (SPY) is off 6.36% and an even harder-to-handle 10.03% in back-to-back "monbacky's!"Highlights for the latest and not-so-greatest bearish market polls: Six days of technical relief and a less "Obamatimistic" bull with the Dem's ruling Congress.Worse-than-expected ADP private jobs survey.Steel giant Mittal (MT) cuts production due to pricing. [Read the full article]

It's not just humans that are living healthier lives. So are their pets.Pet owners spend billions on their animal companions -- $43 billion in the U.S. this year, estimates the American Pet Products Association.

That includes products for 88 million cats and 75 million dogs.And sales keep going up -- about 5% a year, by industry estimates."They love their pets just as much as they love their children, and that's something that has worked very well for us," said Bruce Rosenbloom, chief financial officer of PetMed Express. PetMed (Nasdaq: PETS) plays in a small $3.5 billion niche of the pet-products industry. [Read the full article]

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