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- CTSH stock pick triggered perfectly. We hope to cash out in the medium term on this one. Given its volatility we may even get a chance to average down once.
- Crude back in the 70s! Low 70s is a good place for it in our opinion. Low enough not to hurt the economy, but high enough to allow the energy sector to florish.
- Earnings are about to jump off to booming start, so hold on we should get some more volatility. Costco, GE, Alcoa, etc all report this week so we should get an idea of how earnings are looking before it really really accelerates Monday of the next week.
- Our plan is to pick up a few of the 3 open positions on a pullback. The market has definitely hit some resistance, but that does not guarantee it will go down. Our best prediction for stock picks is that we will get some consolidation. If not, we will adjust prices or issue new picks.
- Apple just seems to go up everyday. It will probably pull back at some point before Christmas and then BOOM!
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- CTSH is a great stock pick to own given the strength in IT hiring. We hope to turn this one around in less than 120 days for a sizeable profit.
- We have 4 open stock picks we hope to pick up on a pullback. Going into earnings period news will be moving the market up and down, so on the down days we should get 1 or 2.
- The fed may be done with lowering rates. It seems that the credit markets are getting better everyday, and if that happens they will not need to go lower.
- The additional jobs report and RIMM going up near 13% was great news for the markets.
- Apple continues to rise like a rocket. We would have sold for a profit other companies, but not Apple. Especially going into the Christmas season where Apple products will do very well.
- While 'this phase' of the credit market issue seems to be fading, we still believe that it is not over and is going to come in multiple phases. Late this year or early next we will see the results of the continued reseting of rates happening right now.
- A number of you have asked if it is a good idea to get it housing related stock picks right now; the answer is an emphatic no. While they very well may continue to rise from the bottom set in August, our research shows that there could be more issues, therefore it is too much of a gamble. If you just have to, then we recommend a Housing ETF that you can enter in 4 parts. Take 1/4 of your investment and buy October 8, then November 8, etc
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- We are getting close on a number of the limit order stock picks. Be patient. We will have some more stock picks also if we get a bit more consolidation.
- Commercial paper turned higher, which is further news that the credit market is easing. However, it is not over. Deliquincies are still rising and rates are still adjusting.
- More good news was that Bear Stearns, at the center of a lot of negative, was a little positive on a number of areas. However, MER's earnings were halfed for Q3 as they ousted their fixed income chief.
- Both the ECB and the Bank of England held their rates steady, which shows confidence, for now.
- If we do not pick up one of our limit order stock picks tomorrow we have one more buy we will release in the Sunday edition which is a bit more aggressive.
- Our portfolio of Stock Picks is doing well relative to the S&P, but given the continued risk of recession, housing risk, and high energy costs we are still extremely conservative right now. Cautious is key right now in our opinion.
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- Drop the TXN Stock Pick.
- We added a buy United Health (UNH). It fits all of our criteria for Stock Picks. Undervalued extremely, long term outlook is great, etc.
- Labor data showed much job strength, so more good news. Layoffs fell and jobs increased.
- The NASDAQ fell .6% today on high volume as Morgan Stanley painted a small slowing for Intel and AMD.
- Germany's biggest bank (Deutsche) is going to write off over $3 billion in subprime losses. The news continues. It is not over.
- Mortgage applications fell for the week ending 9/28/2007.
- We have some tech stock pick plays and retail we are still considering for early next week. JCP ran away before we could get it. A day late!
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- The market (Dow) rallied to a new high close and a new intraday high. We certainly are leaning towards the market accepting the credit problems are past us or nearing past us. We still have more resets coming, but the markets may take this in stride.
- Honestly we would like to be in more stock picks / equities than 6 positions and 8 slots, but we will always error towards a cautious approach.
- Now, it is time to start to buy undervalued stocks on pullbacks again. We are still handily outperforming the S&P, but time to get busy for the rest of the year on new stock picks to really pull away!
- We will be running many scenarios tomorrow in the screener to turn up at least one more stock pick.
- Keep the 3 open we currently have, we should pick up at least one on the next pullback.
- An example of market taking bad news in stride is that Citigroup rallied 2% on news that profit fell 60% versus year before. This is certainly a sign things got oversold. However, we do not want to buy when overbought so we will be concentrating on those stocks that have lagged behind. JCP is one stock pick we are watching ahead of the holiday season. Yes retail.
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