Tag: Top Stock Insights - 24/7 Investor

Investing in the Future

There is a message to Detroit from Americans who participated in the Cash for Clunkers program: don’t make any more Ford Explorers, F-150s or Jeep Cherokees. These were the most traded-in clunkers.

Actually, the F-150 truck is pretty useful, so maybe we can just lose the Explorers and Cherokees.

Is Commercial Real Estate the Next Shoe to Drop?

Jason and I received an excellent question from a reader yesterday. "I am doing a 30 day trial of TradeMaster and have watched you last couple videos…an[d your]…email this morning suggesting [ULTRASHORT FINANCIAL(NYSE: SKF)].

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JPM Follows on Heels of GS and INTC

That was a terrific rally yesterday. Intel’s (Nasdaq:INTC) earnings truly were a surprise. We’ve now seen the two biggest up days in 6 weeks come on consecutive days. The major indices had been looking weak, but not anymore.

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INTC, AMD, TXN Prove Tech is the Sector to Watch

If you’ve ever wondered what it’s like to be Warren Buffett and have more cash than you can spend or invest, just ask China. China just announced that it has over $2 trillion in foreign reserves.

That is an unbelievable amount of cash to have accumulated. Bloomberg reports that China’s reserves doubled in less than 3 years.

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Goldman (GS) Beats Analysts Expectations

The day after the home run derby was held during baseball’s All-Star festivities, it’s probably appropriate that Goldman Sachs (NYSE:GS) hit it one out of the park.

I’m referring to Goldman’s 2^nd Quarter earnings blowout. Goldman beat revenue and earnings estimates by better than 30%. Clearly, just like the sluggers in the homerun derby, Goldman had softball pitches thrown right down the center of the plate to hit.

Don’t forget that even the bears’ best friend, bank analyst Meredith Whitney, turned bullish on Goldman yesterday. It would appear that she could see the writing on the wall - analyst estimates were simply too low.

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Oil Drops Below $60, Weighs on Markets

Oil dropped below $60 a barrel as consumer confidence came in below expectations. The belief is that when the American consumer is not confident, he or she does not spend money.

How Bernanke and Geithner String Along the Rally 24/7

Bravo. The government’s handling of the financial crisis and recovery should be recognized as a masterful performance. At least, so long as you don’t look too deeply into the numbers…

Bernanke and Co. have managed to restore confidence to the point that economist Paul Krugman has joined the ranks of those who think we are only a couple months away from actual GDP growth.

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Housing Bottom and 19% Gain on BlackRock (BLK)

Yesterday, it was reported that median home prices fell to $209,700 from $246,400 in April 2008. That’s a steep year-over-year correction, even though prices were up from March 2009.

Today, we hear that that new home sales posted a gain, though not as big as expected.

The housing market is bottoming. How long will the bottoming process take? Common sense would say it will take a while, probably a couple years, to work off the inventory and get current delinquent loans back on track.

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Bank Stress Test to Discredit BAC and C Earnings Report?

Banks are getting pounded this morning after Bank of America (NYSE:BAC) handily beat earnings estimates. Analysts were expecting $0.04 in earnings per share; BAC came in with $0.44.

As I write, BAC shares are down 15%. Now, after Citigroup’s earnings, BAC was expected to beat its number. Are you wondering why investors seem so disappointed at what looks like a solid quarter from a troubled bank?

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Earnings Expectations and Toxic Assets

Stocks have marched steadily higher since March 9. The first 10 days or so of the rally was a mad dash, which is how recovery rallies behave. But since the huge up day on March 23, stocks have settled higher. The S&P is now within spitting distance of its 2009 highs.

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U.S. Great Depression & Profits from HOV and GHM

Former Czech Prime Minister and European Union President Topolanek called the U.S. economic stimulus plan "a road to Hell." He claims the Fed, Treasury and Administration of repeating the mistakes of the 1930s that sent the United States into the Great Depression.

Also attacked were the stimulus bill’s supposedly "protectionist" policies.

HOV |

A Trillion Here, A Trillion There

A trillion here, a trillion there. Pretty soon, we’re talking about real money. Treasury Secretary Geithner will unveil his plan to rid banks of their toxic assets today. And it’s expected to cost another $1 trillion dollars.

I’m sure we’re all thrilled to learn that we’ll get yet another new government agency. It’s called the Public-Private Investment Program. It’s charged with removing up to $1 trillion in toxic assets from banks’ balance sheets.

Dividend cut at GE?

They say what doesn’t kill you makes you stronger. I keep that in mind as I watch the Dow Industrials repeatedly test the 8,000 support level.

We’ve watched buyers continue to step in at the 8,000 range. That clearly makes this support level stronger. The recent sell-off at Bank of America (NYSE:BAC) failed to send the Dow below 8,000. Today, it’s GE’s (NYSE:GE) turn.

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2009 Forecast

Once again, the Dow Industrials has confirmed that there is support around the 8,000 level. Yesterday’s bounce marked the 12^th time the Dow has bounced as it approached 8,000 since October. Only once has it failed to do so. That was November 20, when it set the low for this bear market at 7,464.

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Market Outlook: Cautiously Optimistic

A letter from Ian Wyatt; Investing 101: Top Stock Insights' Market Outlook

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RIMM: Still in Motion

RIMM: Still in Motion; How to Avoid Stock Market Dogs

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