Those who follow our “Stocks to Watch” lists might have spied something interesting: two companies on last Wednesday’s winners list are involved in the mortgage industry and they have not been decimated by selling.
The two are Annaly Capital Management, Inc. (NYSE:NLY) and MFA Mortgage Investments (NYSE:MFA).
Are these companies exciting? Probably not, but it [...]
Last Thursday, Oppenheimer & Co. upgraded Garmin (NASD:GRMN) from Perform to Outperform with a price target of $77. But wait! The same analyst downgraded GRMN from Outperform to Perform on January 15, 2008!
Let’s take a closer look and see what recent price actions tells us.
GRMN has pulled back almost 50% from its October [...]
From The Daily Mash:
GLOBAL ECONOMY NOW RUN BY FUCKNUTS
Meanwhile, Fed chairman Ben Bernanke urged people ‘to just buy shit and worry about it later’, including electric brooms, homeopathic remedies, Cillit Bang, and anything advertised by Carol Vorderman, apart from Farmfoods. He said: “The world has been brought to the brink of depression by a [...]
Asia is taking a pounding in early trading. In view of the present situation, the following thoughts might be helpful (or not).
Viktor Chernomyrdin
The former Russian prime minister is quoted in the July 5 issue of The Economist:
Once termed syntactically challenged, he rarely completes sentences. When he does they turn into folklore, the best example [...]
The stock scan conducted after the close on Friday found 12 winners and 78 losers.
Our scan criteria incorporates price movement, range and liquidity (500,000 shares on the day, 20-day average of 1.5 million). They are ranked and sorted by performance against the S&P 500 and the NASDAQ 100 indexes, from best to [...]
After another exciting week in the life of the capital markets, there appears to be a groundswell of negativity rising towards the U.S. Federal Reserve as it heads into another FOMC meeting:
It’s rough out there
Taken together, the signs from the world economy are troubling. The credit binge will not unwind quickly or gently. Asset prices [...]
A few weeks ago, Neil sent me an email asking for help with trading. After going back and forth a few times, I asked if we could do a podcast since our dicussion might be helpful to others. [DOWNLOAD MP3]
Knowledge Base for Traders
Articles and Interviews with Teresa
The Sentiment Cycle
Options: Bull Call Spread
Options: Bear [...]
Seems like the “I Told You So” crowd is out in full force: stocks must be close to some kind of tradeable bottom.
Jeremy Grantham is growling over at Bloomberg. WSJ reports, “Stocks Show Classic Bear Signals“, and quoted Paul Desmond and Hans Utsch amongst others. Dave Tice is dancing in the streets. [...]
