Rant About ItRant About ItThe purpose of this blog is to educate every reader including me about trading in stocks by understanding the fundamentals and techicals behind it Articles
ETF Special: Variety Of Options
2007-04-21 23:19:00 For those of you that do not know what Exchange Traded Funds (ETFs) are here is a short description.What are ETFsThink of an ETF as a mutual fund that trades like a stock thus experiencing price changes throughout the day as it is bought and sold. You can short sell them or buy them on margin as well. ETF tracks an index, a commodity or an index fund.ETFs offer diversification, high trading flexibility, low expense ratio and tax efficiency in a flexible investment. An ETF does not have its net asset value (NAV) calculated every day like a mutual fund does. When buying and selling ETFs, you have to pay the same commission to your broker that you'd pay on any regular order.With the basic knowledge of ETFs, let us look at different variety of ETFs available in the market. You will be surprized by the options one has.Metal ETFInvestors in ETFs with a copper or mining focus should be aware that the demand for this metal will continue. Economic expansion in BRIC countries such as India ... More About: Vari , Options , Special , Variety , Opti
Interesting Stories That You Missed - 2
2007-04-19 03:10:00 Over the past few days i came across some interesting news/facts which deserves some limelight.Fannie & Freddie Help OutGovernment-backed mortgage finance companies Fannie Mae (FNM) and Freddie Mac (FRE) will help out struggling mortgage holders to avoid foreclosures. Fannie Mae has planned to give borrowers the option of refinancing out of adjustable loans especially for subprime lenders. Fannie Mae will also ease its credit requirements to allow more borrowers to qualify. Fannie Mae will also buy 40-year loans as well as 30-year loans in the secondary market, which will help reduce the monthly payment by about 5%. Freddie Mac will be putting 30- and 40-year subprime loans with reduced margins and longer fixed-rate periods into the market by the summer.Anti-Trust ViolationGoogle (GOOG) recently acquired online ad network DoubleClick for $3.1 billion. This deal will put Google far ahead of the field in the $28.8 billion global online ad market and giving it the capability to provid... More About: Interesting , Yahoo , Microsoft , Stories
Close-End Funds: A Steady Income Vehicle
2007-04-17 10:28:00 Every now and then you hear analyst and investors talk about Close -End Funds. So what are these funds ? What do they do ? Who manages them ? Who can invest in them ? Why would someone invest in them ? Let us find out.What are Close-End FundsClose-End funds are usually sponsored by a fund management company, which will control how the money pooled-in by the investors will be invested. Fund managers create a portfolio for the fund depending on the type of fund. Some funds invest in stocks, others in bonds, others in emerging market, and some in very specific things. Investors choose to place their assets in closed-end funds in the hope that the fund managers will use their management skills and deliver better returns.The fund management company will issue a fixed number of shares to the investors in form of an IPO. These shares are given to the investors based on their initial investment. New shares are rarely issued after the fund is launched. These shares cannot be redeemable for c... More About: Vehicle , Income , Stead , Come
I Have Got A Yen For You
2007-04-17 01:35:00 Guest Author: My name is Mazy Hedayat, a lawyer in Chicago. I work with entrepreneurs and business people including software, Internet, and financial professionals. Futures and options are big in Chicago so it ought to come as no surprise that this post is from one of my clients who is a futures trader. Let's call him Frank. Frank began buying stocks with money from his paper route in the early 70's and parlayed that into a house and lifestyle within a decade. In 1982 he started trading the newly minted S&P 500 contract and hasn't looked back. Nowadays he trades commodity-based futures in addition to stock index contracts like the S&P 500, NASDAQ, and Dow. He also trades the Yen ...Yen Carry TradeThe term carry trade refers to the practice of borrowing money in low interest markets like Japan, converting those funds into U.S. dollars, and buying financial assets in America such as treasury bonds, notes, DLLs and, for more aggressive types, hedge funds that invest in stocks o... More About: Have
Options Trading: How To Read The Options Table
2007-04-14 04:48:00 The power of options lies in their versatility. They give you the power the adjust your position according to the present situation. However just like any other security, options have their own set of problems. Options are complex securities and can be sometimes extremely risky. Option trading is therefore not for everyone. However if you do decide to trade in options, the first thing you should know is how to read the options table.Before taking a look at an options table, let us understand what are options and what are calls/puts.An option is a contract that gives the buyer the right, but not the obligation, to buy or sell an underlying asset at a specific price on or before a certain date. An option, just like a stock or bond, is a security.The two types of options are calls and puts.A call gives the holder the right to buy an asset at a certain price within a specific period of time. Calls are similar to having a long position on a stock. Buyers of calls hope that the stock will... More About: How To , Trading , Read , Tabl
Short Guide On Earnings & Current Volatile Stocks
2007-04-11 09:42:00 What Are Company Earn ingsEarnings can be defined as the net income/profit produced by the company after-tax and other expenses. Company earnings is one of the most important factor for analyst when they are analyzing a company. The future growth of the company is estimated based on its current earnings. Most savvy investors keep a close watch on the company earnings before trading in it. This is because company earnings will determine how the share prices will unfold in the near future.What is Earnings ReportCompanies provide their financial information to their investors to report their performance on a quarterly basis. This is nothing but an earnings report. Earnings report carries information like net income, earnings per share (EPS), earnings from continuing operations and net sales. Most companies file in January, April, July and October. It is through these reports that companies let shareholders know how well they have performed over the past time period. Investors compar... More About: Stocks , Current , Stock , Guide
Glossary - 1
2007-04-11 09:39:00 List of stock/investment related wordsAccountingaccounts payableaccounts receivableaccumulated depreciationappreciationassetasset/equity ratioauditbalance sheetcash flowcash flow statementdebt/asset ratiodebt ratiodepreciationequityGAAPincome statementintangible assetliabilitynet marginoperating assetoperating cash flowspre-depreciation profitpre-tax profit marginprofit and loss statementprofit marginReturn on AssetsReturn on CapitalReturn on EquityReturn on Invested CapitalReturn on InvestmentReturn on SalesReturn on Total AssetsroyaltySEC filingshareholders' equitystockholders' equitytangible assettangible net worthtotal assetsBondsaccumulation bondagency bondassessment bondasset-backed securityassumed bondauthority bondbaby bondbalanced fundbearer bondbondbond marketcallable bondcalled bondcatastrophe bondcertificateless municipal bondcombination bondcommodity-backed bondcompanion bondsconsolidated bondconvertible bondcorporate bondcorporate trustcurrent coupon bonddebenturedee... More About: Economy , Glossary , Loss , Gloss
Stop-Loss Order: Minimize Your Loss
2007-04-10 10:27:00 Until you sell your stock, you do not make money, be it at a profit or loss. That makes selling one of the most important things for any investor, yet it is also one the hardest things to do. Factors like ego, insufficient knowledge and emotional attachment makes it difficult for investors to sell, specially at the right time. But even bigger factor why investors do not sell at the right time is due to lack of exit strategy. Many investors enter a trade without any idea of what their exit strategy is. They more likely take premature profits or worse, let their losses run to the downside, at times completely burning their portfolio. To be successful investor, one must understand what exits are available to them and know how to create an exit strategy that will help minimize losses and lock in profits. One such strategy is the stop-loss order.What Is a Stop -loss Order ?Stop-loss order is simply an order placed with a broker to sell off the stock at a set price level. A stop-loss is de... More About: Your , Mini , Loss
ADRs: Invest In Foreign Companies With Ease
2007-04-07 11:03:00 For U.S. investors, investing in the Nasdaq, NYSE or AMEX is relatively simple. Place a trade order by calling your broker or simply by doing it through an online account. But how about investing in a company that is listed on a foreign exchange ? Would you even know where to start ? How do you find a broker that can provide such a service ? How do you trade at different prices and currency values ? In short, it is much more difficult to do that.This problem was solved by U.S. banks and brokerage firms with the introduction of American Depositary Receipts (ADRs). U.S. banks simply purchase a bulk lot of shares from the foreign company, bundle the shares into groups, and reissues them as an ADR stock on American stock markets. In return, the foreign company must provide detailed financial information to the sponsor bank/brokerage firms. This makes investing in foreign companies as easy as investing in U.S. companies.An ADR ExampleADR is a medium in which foreign stocks trade on U.S. ... More About: Companies , Comp , With , Vest , Foreign
Glossary - 2
2007-04-06 07:46:00 List of stock/investment related wordsForexbullionChicago Mercantile Exchangecommoditycurrency fluctuationsderivativedevaluationEurocurr encyEurodollarEuroyenfloating exchange rateForexgreenbackhard currencypeggingrate of exchangerepatriationsoft currencystrong dollarweak dollarOptionsabandonAmerican-style optionautomatic exercisebutterfly spreadcallcall optioncapped-style optioncovered callcovered optioncovered putcovered straddleembedded optionEmployee Stock Ownership Planequity optionEuropean-style optionexchange-traded optionexercise limitexercise priceexpiration datefar optionforeign currency optionfutures optionhedgeincentive stock optionindex optioninterest rate optionknock-out optionlapsed optionlookback optionmarried putnaked callnaked optionnaked putnear optionnon-equity optionoptionoption accountoption contractoption holderoption marginoption priceoption seriesoption spreadoption writeroverwritingphysical optionpremiumprotective putprotective put buyingputput optionput war... More About: Foreign Exchange , Glossary , Loss , Gloss
Royalty Trusts: Another Attractive Investment
2007-04-06 07:11:00 Trust is a very important term in the world of investing. To put it in simple words, a trust is nothing but an arrangement whereby money or property is owned and managed by an individual or entity for the benefit of another. The money is invested in companies with operating assets. These assets produce income which is eventually passed to the investors. These trusts are neither stocks nor bonds but are investment trusts. An investment trust that holds ownership of an asset and pass the income earned to investors is called a securitization or an asset-backed security.Royal ty TrustsRoyalty trusts buy the right to royalties on the production and sales of a natural resource company and pass on the profits to trust unit holders. Royalty trusts typically own oil or natural gas wells, or the mineral rights of wells.Royalty trusts are found in Canada and the United States. Canadian royalty trusts, called CanRoys, typically trade on the Toronto Stock Exchange, while some of the larger trus... More About: Investment , Other , Men , Vest
Selling Your Investment: Five Mistakes to Avoid
2007-04-04 05:49:00 When the security you bought has increased in value, you can make a profit over it, provided you sell the security. How much profits you reaped-in depends not on the current price of the security, but at what price did you sell the security. Unfortunately, many investors sell based on emotional factors, making one of several mistakes.I have listed five mistakes most investors make when it comes to selling. Along with that i will also discuss how to avoid those mistakes.1. Holding on to an investment with a lossSay you bought stocks worth $10,000, at $100/share. Few days after buying them, the stock price dropped to $90/share. You decide to hold on to the investment till the investment atleast gets back to a break-even level of $100/share.Problem: It is generally difficult for investors to sell off their investment with a loss. They would rather prefer to wait until they see some positive numbers. However, that may never happen or may take a long time to do so.Solution: You should re... More About: Selling , Investment , Men , Take , Your
Dollar Cost Average: Stay away from Predicting
2007-04-01 02:58:00 The truth about making money in the stock market is buy low and sell high. Quite simple eh ! But hold on, how do you really know when the market has hit bottom ? Can an investor really predict the bottom ? As a matter of fact hedge fund managers, mutual fund managers, private investment managers, market gurus, CEOs and analysts can't predict the bottom, nor can you and me. So how should we approach this problem ? It is actually a tough one. Predicting if the market has reached its bottom it not that simple. However using the Dollar Cost Average investing technique, you could protect yourself in a falling market. Let us learn how.What is Dollar Cost Average (DCA)Dollar Cost Average is simply putting a X amount of money each month into an investment such as a stock, index fund or mutual fund. Most banks will even set up a monthly automatic-withdrawals service. Dollar Cost Average is also ideal for the investor who doesn't have that big lump sum at the start but can invest small amo... More About: Rage , Vera , Away
How to Determine Your Returns in the Stock Market
2007-03-31 02:46:00 With all of the volatility in the stock market over the past several years, it can be difficult to determine how to devise an investment strategy to maximize your returns. To help you determine a reasonable rate of return to expect on your stock investments, it might be helpful to review some facts about the stock market.Historical ReturnsStock market is a one place where you can make alot of money very fast as well as lose money at the same pace. Most of us make money on some stocks and lose on some others. What matters in the end is what returns can you expect on an annual basis. If you look at the history,1926 - 2004, the average return from the stock market was 10.4%1955 - 2004, the average return from the stock market was 10.9%1980 - 2004, the average return from the stock market was 13.5%1995 - 2004, the average return from the stock market was 12.1%The stock market's historical return can change dramatically depending on the period considered. But over a period of time, on a... More About: How To , Stock Market , Market , Your
Bankruptcy: Good, Bad and the Ugly
2007-03-28 10:58:00 When a person or a firm is unable to pay their ever-increasing debts, they can file for bankruptcy. Let us say Mr X filed for bankruptcy. This means Mr X's existing assets will be liquidated and he will be relieved of any liability. The reason why most people file bankruptcy is that their debts have reached a level where they cannot pay them back and only way out of it is a fresh start.Last year in U.S. more than a million filed for bankruptcy. That number will increase this year due toBad housing market (which leads to foreclosures & delinquencies)Bear stock market (with housing & subprime lending stocks leading the way)Possibility of a recession (as per Greenspan's comment)Energy prices (ever increasing oil prices putting extra burden on everyone)Increased inflation (driving up the prices of goods and services)Americans save less money leading to high debt to income ratioTypes of Bank ruptcy Chapter 7: Mr X can file for Chapter 7, which basically means that all his assets will... More About: Good , Ugly , The U
Subprime Lenders: Screwed Real Bad
2007-03-15 06:00:00 Last few days the market is full of news about how the number of foreclosures are increasing around U.S. and how badly subprime lenders are screwed. I do not want to reiterate the same point again and again. Instead i will list a few interesting pointers/takeaways from this whole episode. But just before doing that for those who do not know what subprime is...What is a subprime loan ? This is a loan to someone with a bad credit history. These people pay higher interest rates, earning more money for lenders, so long as the mortgage payments keep coming.Delinquencies & ForeclosuresThe delinquency rate for one-to-four-family houses rose to 4.95% of all loans outstanding compared with 4.67% during the 3rd quarter. The North Central region had an overall delinquency rate of 5.68%, the South 5.71%, the Northeast 4.59% and the West 3.18%. A record high number of homeowners faced a serious threat of foreclosure during the 4th quarter of 2006. Foreclosures were highest in the North Central r... More About: Real , Screw , Screwed , Al B , Subprime
Highest Rated Sectors: Did Analyst Get It Right ?
2007-03-13 09:23:00 What are we looking at here ? The most popular S&P 1500 groups. The table is self explanatory, so i will just point out few interesting things. The first column is the list of sectors most recommended by the Wall Street Analyst . The sixth column gives the overall percentage of buy recommendation. The last column is the stock that is most favored in that particular sector. As you can see Contruction Materials topped the table with 61.1% buy recommendation. Analyst are most bullish on Vulcan Materials Company VMC.Construction Material SectorVulcan Materials Company VMC is currently trading at $116.01P/E = 24.76 (ranked #2 in the construction materials sector)EPS = 4.69PEG =2.31 (ranked #2)Dividend = 1.50% (ranked #9)Market Capital = $11.02 billion (ranked #2)Analyst recommendation of 1.4/5.0All in all, pretty impressive record. Add to that their 1-year return was whooping +49.75%. No wonder analyst love it. Construction Raw Materials sector performance ? Last one year returns was +25%... More About: High , Right , Rate , Sectors
China Gets Aggressive With Forex Reserves
2007-03-13 05:40:00 Did you know China has more than $1 trillion in foreign currency reserves after posting huge trade surpluses year after year !! Add to that China's reserves is growing at $20 billion every month !! For China, that is simply spectacular, for U.S. well...sigh*So what does China do with the 1$ trillion ? Right now they have invested approximately 75% in low-yielding U.S. Treasury securities and other dollar-denominated assets. The rest in euros and a small amount in yen. Returns on this investment has been less than 3% last year. Not quite exciting. But that is going to change....Need a ChangeChina now plans to make better use of their reserves and reap in more profits. One way to do that is create an investment company, and that is exactly what they are upto. China will soon create one of the world's largest investment funds, with diversification in global stocks, bonds and commodities markets. It is estimated that they will allocate somewhere between $200 to $400 billion to this ... More About: Forex , With , Gets , Fore
What is ExxonMobile Upto
2007-03-12 00:51:00 Last year Exxon Mobi l (XOM) produced about 4.2 million barrels of oil/day. Is that enough ? Probably not. To add to their existing production volume, ExxonMobil has decided to invest in more than 20 new projects around the world over the next 3 years. This would bring in an additional 1 million barrels of oil/day to its volumes at peak production.Capital SpendingCapital spending is projected to be around $20 billion/year through the rest of this decade. Isnt this something to worry about ? $20 billion/year for an extra one million barrels a day in production ? So what does Exxon have to say about that ? Probably nothing...Just that Exxon's volume will keep growing through the end of the decade.So where does Exxon plan to invest ?Exxon has an ownership interest in 40 refineries located in 20 countries. 20 new projects the company plans to invest in will be mature markets such as North America, Australia and the North Sea, as well as growth areas like the Middle East, Russia and West... More About: Mobile , What , Hat
Citigroup On a Buying Spree
2007-03-11 01:49:00 Citigroup (C) bought the largest online bank in the world, Egg Banking at $ 1.13 billion. Citi got in return 3 million credit card customer and $ 18.6 billion in assets. Citi's total asset stands at $1.8 trillion.So did Citigroup get a great deal ? In 2004, Bank of America (BAC) paid $48 billion for FleetBoston which had $ 196 billion in assets, J.P. Morgan Chase (JPM) paid $58 billion for Bank One which had $320 billion in assets, Wachovia (WB) paid $14.3 billion for SouthTrust which had $54 billion in assets. In 2005, Bank of America paid $35 billon for MBNA which had $ 123 billion in credit loans. In 2006, Wachovia paid $25B for Golden West which had $125 billion in assets, Regions Financial (RF) paid $10 billion for AmSouth which had $58 billion in assets.When you compare all the recent mergers on cash paid/dollar assets acquired, it seems like Citigroup got a very good deal with minimum risk. It is acquiring an online bank with online assets, which can be combined with Citi?s... More About: Buying , Citi , Citigroup , Group , Spree
Foreign Investment in United States
2007-03-09 03:50:04 In 2004, the total foreign direct investment (FDI) in the United States (U.S.) stood at $1.5 trillion, equivalent to $2.7 trillion in today's market value which represents approximately 10% of the total current market value of all publicly traded companies in U.S.Geographic BreakdownEuropean companies made up 65-70% of direct investment in the U.S., with United Kingdom (UK) leading the way. 1/3rd of the total investment from Europe came from UK, with $250 billion invested in 2004. UK, Germany, Netherlands and France were the top four investors in U.S. in that particular order.Asian and the Pacific firms had the next highest level of investment in the U.S., at approximately $219 billion in 2004. Japan accounted for 75% of the investment. Chinese & Indian investments in 2004 were minimal. However that is bound to change with a number of acquistions by Chinese and Indian firms.Canada finished in the third spot.Direct investment from Latin American investors totals $86 billion. The bi... More About: Investment , Foreign Investment , Men
State GDP = Country GDP
2007-03-07 15:48:02 Fascinating stuff: This is an amazing map of the United Stat e s. Each state's economic output is analogized to another country's GDP Few of the notable countries missing are U.K., Japan, Germany, China, Italy and India. More About: Country , Count
Hugo Chávez: Nationalize Nationalize
2007-03-07 15:48:02 Venezuelan President Hugo Chávez recently announced he would nationalize power utilities and the country's biggest telecommunications firm CANTV VNT. After the announcement the share prices of CANTV tanked from trading around $20/share to $12/share. Ouch !!!He also mentioned that he plans to nationalize the entire energy sector indicating there are more targets for take-over. But he said he would permit foreign firms to hold minority stakes in energy deals. It was not immediately clear whether he intends to nationalize the whole sector or moves against specific projects or companies.Venezuela will have to judge how closely private firms must be connected to the country's oilfields, refineries, pipelines, gasoline stations and coal mines to count as targets for nationalization.Companies at StakeHuge oil service companies such as Halliburton HAL and Schlumberger SLB operate in Venezuela but Chávez gave no indication whether deals involving such businesses were now in his sights. Chá... More About: National , Nation , Hugo Chavez
Inflation: The Good, The Bad and The Ugly
2007-03-07 15:48:02 In the world of economics, inflation is one tricky term. Everyone knows that prices go up over time. 60 years back you could buy a loaf of bread for $0.15, which now costs around $2 - $3. However not everyone understands the forces behind inflation. So let us find out. What is Inflation Inflation refers to a general rise in prices for goods and services measured against a standard level of purchasing power. As inflation rises, every dollar you own buys a smaller percentage of a good or service. For example, if the inflation rate is 5% annually, a good or service costing $100 will cost $105 in a year. (Note: The goal for most developed countries has been to sustain an inflation rate of 2-3%) There are few variations of inflation you need to know.Deflation: When there is a general fall in prices for goods and services. This is opposite of inflation.Hyperinflation: When there is sharp rise of inflation. This could lead to a breakdown of the monetary system.Stagflation: When economy bec... More About: Good , Ugly , The U , The Good
$140 trillion in Assets !!!
2007-03-07 15:48:02 Yeah you heard me. World assets were all time high at $140 trillion (includes stocks, bonds and other financial assets) in 2005. McKinsey & Co. conducted a study mapping financial assets around the globe and seek the flow of these assets from region to region.This study helps you understand where the investors as well as the banks are investing. It is clearly indicating that investors and banks are spreading their investment portfolio in diverse broader markets.U.S is still the leader, taking in about 85% of the flow from countries that are net exporters of capital (like Japan, China and Middle East OPEC countries). This means that of the all the saving that citizens world-wide are willing to put outside their own country, the U.S gets 85% of it. More About: Sets , Lion , Trill , Asset
Recent Developments & Rants
2007-03-07 15:48:02 Microsoft gets hold of Medstory. Microsoft (MSFT) is purchasing Medstory Inc., a health search engine. Medstory enables users to search complex health and medical related topics on the web intelligently. Some noteworthy features about Medstory is their ability to filter out non-health results, provide effective granularity, allow audio & video search and their killer app. Medstory's approach is to not only provide a list of web pages but to synthesize the meaning of every user search in the context of health and medicine, and then share this knowledge with the user to help refine and guide their search.Medstory will become the second acquisition for Microsoft's Health Solutions Group, which bought Azyxxi, a maker of healthcare software that displays patient information last year.Rant : There seems to be an increasing demand for online healthcare information driven by aging baby boomers. Filtering out non health-related searches makes getting the right information that much... More About: Rants , Development , Men , Cent
Are You in Sync with Ford ?
2007-03-07 15:48:02 The entire auto industry year-to-year sales dropped 0.5%. The total market share of the U.S. Top 3 fell to 54% from 56.6%, where as Asian automakers up their share from 37% to 39.4%. Facts: Vehicle Sales Year to YearAsian Top 3 -> Toyota (TM) = +12%, Honda (HMC) = +3.2%, Nissan (NSANY) = +1.2%US Top 3 -> General Motors (GM) = + 3.4%, DaimlerChrysler (DCX) = -7.7%, Ford Motor (F) = - 13%General Motors was the only US Top 3 with positive sales of +3.4% helped by a strong launch of their redesigned models. General Motors managed to increase its market share 1% to 24.6% total. On the other hand Ford Motors lost -13% in sales. Toyota Motor sales were in double digits.Ford to Sync Research shows consumers are picking brands with strong records for quality and technical innovation. Ford has decided to respond to this research. Ford will work with Microsoft (MSFT) to develop a built-in audio system called Sync for 12 of Ford's models. Features include in-car communications and entertainme... More About: With , N Sync
Sony Playstation 3: Two Thorns Away From Glory
2007-03-07 15:48:02 Sony Corp (SNE) creator of Play station 3 has two thorns in their path to glory.Nintendo Ltd (NTDOY) creator of WiiMicrosoft (MSFT) creator of XBox 360PS3 has a hard drive to store game data and music and can play DVDs using Sony's Blu-ray high definition technology. PS3 sales took off very well in the early stage. However with the advent of Nintendo's Wii which features a unique motion-sensitive controller and Microsoft's XBox 360 which offers an extensive system for online play and high percentage availability, PS3 sales have been struggling ever since.Problem with PS3Gamers and analysts have praised PS3 graphics, but their high prices, shortage of console and weak line-up of games have raised concerns. Sony says that the Playstation 3 shortage will be eliminated by April/May, with another 2 million units on their way to the United States. Gaming sites claim of unsold PS3s. In response Sony CEO said that in many places the games are sold out. They plan to fill shelves across Un... More About: Sony , Station
How Did They Perform !!
2007-03-07 15:48:02 An amazing reversal of roles from yesterday. Energy sector made an upward movement where as the Technology and Transportation sector saw a downslide. Stocks closed lower today as mixed earnings and economic data left investors questioning valuations and earnings prospects, especially in the Technology sector.Intel INTC was leading the downward slant in the early morning after posting a not so-good earnings and bringing the others along with it. Cisco Systems CSCO also had another bad run dropping by 3.78%Fed's report released today showed inflation in control with modest pace growth. Oil prices were also the focus among investors yet again. Cold weather forecasts have renewed enthusiasm to buy the commodity which lead to oil closing higher than previous day.ANSW +0.08 (0.66%)CBK +0.15 (0.73%)LQDT +0.09 (0.50%)NEXT -0.25 (-2.18%) STST -0.15 (-0.69%)WIT +0.66 (3.86%)Net Gain of +2.88% More About: They , Form , Perform
How Did They Perform !!
More articles from this author:2007-03-07 15:48:02 Burnt burnt burnt...!! Isnt it weird that even after you have a strong feeling about the direction of the market you go ahead a make some real silly trades ? How many times have you got sucked into buying a stock thinking its reached its bottom and the prices will rise from here, but it never does. Instead it keeps falling till the sharks eat every innocent investor up for grabs. What surprises me is that i made 3 important points last night and all of them turned out true.Tech sector might be a risky bet considering the current trend.Metal prices will see some positive number.IM and MU are value stocks and will see better numbers in the longer run. Stocks traded lower as the market took a hit from another sell-off in Technology sector. Oil prices again took a drop at point slipping below $50 and the Feds showed no sign of reducing interest rates. Disappointing Q2 guidance from Apple and drop in sale and profits from Intel brought the Technology and Computer Hardware tumbling down... More About: They , Form , Perform 1, 2, 3, 4, 5, 6, 7 |
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