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All Posts Author: Patrick Stevens

Starbucks is Too Expensive

Starbucks (SBUX) is too expensive and not just the coffee but the stock itself. The stock reached a new 52 week low today as the market sold off during the morning and has rebounded some. But the price to earnings of the stock is still too expensive for the limited revenue growth and the declining earnings the company is now experiencing.

SunTrust Banks Inc. (STI)

After reaching a new 52 week low on Monday, SunTrust jumped 10% along with all financials on Tuesday but returned to its selling pattern on Wednesday falling 5%.

Beazer Homes USA Inc. (BZH)

I was watching the housing stocks back in August and September of 2007 when they were falling to new lows everyday but switched out of the industry in favor of banks, autos and financials. But after seeing an old name reaching a new low after-hours, I started to re-examine the old names.

Bond Insurers Still Grim

MBIA Inc. (MBI) and Ambac Financial Group, Inc. (ABK) have been at the center of the credit and housing crisis as insurers of sub-prime, sub-A loans, and prime housing loans. Analysts continue to drop the earnings estimates and the stocks themselves fall to new lows weekly.

Hess Corporation (HES)

Not quite at a 52 week high, Hess Corporation is a New York based  explorer, purchaser, and developer of oil and natural gas. The company’s stock is a decent buy from the normal gauges that I study. The industry is a little weak with refining margins remaining tight. But the company could break out of a chart pattern at $130 and rally on its very bullish earnings expectations.

Hercules Offshore, Inc. (HERO)

Hercules Offshore is a Houston based provider of services and equipment in the exploration and production of both oil and natural gas in shallow areas offshore. Deep off shore drilling are the buzzwords in politics but with energy the focus of investors and profits very tangible in oil production, HERO is at a 52 week high and positioned for more upward movement.

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