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Squirrely Markets begin Break Down (CVX, CTAS, WOR)

Dec 23 2008
325
2

This market has been difficult to predict and I still favor a largely cash based portfolio until there is a clear break to either the upside or on the downside on the major indices.  That being said, it appears that the markets are beginning to break down from what was looking like a possible bottom. Therefore, I have three stocks today that broke down prior to the overall markets and signaled a hold within the past week.

Gilead Sciences Inc. (NASDAQ:GILD)

Dec 18 2008
267
5

Gilead Sciences breaks out of a trading range with the possibility of moving higher on analyst’s upgrades, improving profitability and a patent infringement case against Teva Pharmaceuticals.

30 Year Mortgage Rates and the Federal Reserve

Dec 16 2008
543
6

The Federal Reserve cut lending rates aggressively on Tuesday allowing banks everywhere to offer 30 year mortgages at near 95 year record lows. The average rate dipped initially from 5.06% on Monday to 5.01% Tuesday. The rate banks can now lend to one another is set in a range from 0.25% to 0%. Plus the Federal Reserve continues to plan out the purchase of up to $500 billion in mortgage back bonds currently held by banks.

H&R Block (NYSE:HRB) Gets a Buy Signal

Dec 14 2008
282
0

With the New Year and the 2008 Tax Season right around the corner, H&R Block is experiencing some buying interest which could translate into a buying opportunity. This past week the 13 day moving average (MA) crossed the 50 day MA for the stock indicating a technical break upward. The company has a decent dividend and has run from April till July the last four years.

Sony Layoffs - Sony Corp (NYSE: SNE)

Dec 09 2008
422
2

Sony is planning on cutting 8,000 jobs to reduce expenses by $1.1 billion as the company struggles to stay profitable. They will also delay spending on manufacturing and streamline their supply chain. Technology companies in Asia are worried that others may have to take similar steps as the worldwide slow down has reduced demand to high-definition television sets, computers, and other small electronic devices.

comScore: Online is Still Hot

Dec 03 2008
567
2

Retailer in general and online retailers such as Amazon.com (NASDAQ: AMZN) rallied on Wednesday sending the markets upward for a strong finish to a lackluster day. Amazon moved 9.5% higher after comScore reported that sales online on Monday were 15% higher or $846 million more than last year on what is now called CyberMonday.

Markets Continue Correction

Dec 01 2008
175
5

I was considering looking for some good long stocks with the recent week of gains but this morning’s manufacturing report of 36.2 versus the expected 38.4 has the markets falling sharply close to mid-day.

Citigroup Bailout

Nov 24 2008
197
0

Citigroup Inc (NYSE: C) landed a big investor over the weekend. This time it wasn’t a sovereign fund or Warren Buffet, it was the US Government. The Treasury Department, the Federal Reserve and the Federal Deposit Insurance Corp all came together to purchase $306 billion in bad assets from the bank in addition to providing $20 billion in liquidity. The company may still need to take on $29 billion in losses due to this transfer.

Ultra Shorts Pop Higher (SKF, SRS)

Nov 19 2008
264
2

Both the UltraShort Financials ProShares (SKF) and the UltraShort Real Estate ProShares (SRS) skyrocketed today as volitility moved higher and investors look for additional weakness in the Real Estate markets and the Financials.

Capital One Financial Corp. (NYSE: COF)

Nov 18 2008
276
1

A Goldman Sachs analyst today is predicting that losses at the biggest credit card companies will increase by 25% in the coming year as unemployment climbs and borrowers are unable to pay back the money they have outstanding. This increase would mean close to an 8% default rate compared to a current 6.35% rate.

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