Don’t Let The Stock Market Blues Get You Down; Another Bull Market WILL Come. They Always Do
July 27, 2008
FULL COMMENTARY BEFORE 6AM EST.
Don’t Let The Stock Market Blues Get You Down; Another Bull Market WILL Come. They Always Do
Barron’s Interview: Six Winners No Matter Where We Go From Here
July 27, 2008
Barron’s interviews Omega Advisors’ top money managers Lee Cooperman and Steven Einhorn, whose fund has returned 16% annually since 1991. They think the market’s downside is limited, as perhaps is its upside, but that there is an abundance of quality stocks available now - on the cheap.
We are buying plenty of attractively valued securities, but this is not an environment to be complacent… The ingredients for a decent bottom are in place, but any significant upside is going to require help from two areas. No. 1, we have to see a bottoming in home prices. No. 2, we are going to have to see crude-oil prices recede.
Barron’s Interview: Six Winners No Matter Where We Go From Here
U.S. Exporters Benefit As Dollar, Trade Deficit Declines
July 27, 2008
Larry MacDonald submits:
Could the stocks of U.S. exporters be the next asset class to invest in — as the typically delayed impact of falling real exchange rates is felt? The U.S. dollar has depreciated approximately 25% in real terms (exchange rates adjusted for inflation) since early 2002. That would seem to be a significant improvement in competitive position. Yet, the trade deficit hasn’t fallen much and remains near 5% of GDP.
U.S. Exporters Benefit As Dollar, Trade Deficit Declines
Five American Innovators to Buy During the Current Downturn
July 27, 2008
Guy Bennett submits:
With the gloomy financial news coming out of Wall Street, it may be tempting to bail out of all US equities and invest in a Russian ETF. But that would be a bad decision. A bear market creates buying opportunities.
We invest to make money but your portfolio can also reflect your moral and nationalistic ideals. A country is a family. Everyone matters. Never quit. Never turn your back. I recommend buying innovative American companies with a significant customer base in emerging markets (line your pockets while reducing the trade imbalance). The current landscape is littered with good bargains – like these five:
Five American Innovators to Buy During the Current Downturn
Second Quarter Earnings Season: Biggest Winners and Losers
July 27, 2008
Hickey and Walters (Bespoke) submit:
Below we highlight the Dow 30 stocks that have reported earnings this season along with the one-day change in response to their reports. As shown, 13 of the 20 Dow stocks that have reported went up in reaction to earnings, with JPM going up the most at 13.5%. JPM is followed by C, UTX, PFE, T and BAC.
MRK got hit the hardest with a decline of 11%, followed by AXP and MSFT. Overall, at least there have been more positives than negatives. Of the 20 Dow stocks, 13 have beaten estimates while just 3 have missed.
Second Quarter Earnings Season: Biggest Winners and Losers
8 Dow Stocks Likely To Outperform
July 27, 2008
Jay Walker submits:
Many academic studies have shown that dividend-paying stocks outperform their non-paying brethren by leaps and bounds over time.
Further to that, I took a look at the current constituents of the Dow Jones Industrials Index, and the current yields available there, with the idea that, based on today’s share prices, some of the companies are better situated to outperform the index over the next while. Here are the recent stock prices and the most recent dividends payable for each company (sorted by dividend yield):
8 Dow Stocks Likely To Outperform
Predatory Banking Practices Undermining the U.S. Consumer
July 27, 2008
Thomas Kee submits:
A simple predatory accounting policy provides windfall profits for banks at the direct expense of struggling homeowners. Never before has this deceptive practice been more destructive than in the face of escalating home foreclosures and on the eve of the 3rd major down period in US history. Recent reports suggest that foreclosures increased by 121% over the past year, and there’s no end in sight. This banking practice increases the rate of home foreclosure and creates an avoidable strain on our economy.
The US economy and consumers specifically lose approximately $30 billion every year due to this ongoing predatory practice. The persons most affected by this practice are the same persons who are already struggling to pay mortgages that were designed to put them in homes they normally could not afford.
Predatory Banking Practices Undermining the U.S. Consumer
Purple Beverage Company Inc. (PPBV) is a SELL
July 27, 2008
“I’ve sold most other stocks except this one”…For a minute there, I thought this could be a good buy but after this quote and research on the company, this is a dog. Unless you can afford to throw money away or likes throwing money away I would not recommend it. As of July 15, 2008 they have cash on hand $13061 and burning cash in a bon fire. The CEO has not done anything but fail at every business he has chair. Maybe this guy is in to make a quick buck. Look at the last filings its pathetic. No clear business plan and buying resume that do not add to the bottom line. http://sec.gov/Archives/edgar/data/1178513/000114420408040988…
Purple Beverage Company Inc. (PPBV) is a SELL
Time to Buy and Hold Gold
July 27, 2008
Michael Fitzsimmons submits:
Before making today’s observations, I’d like to point you all to a great Seeking Alpha article written by Mike Stathis.
I’m not sure why I was not able to leave a comment on this article, but let me say now: right on Mike! Excellent analysis and commentary.
Contact Your Senators to Protest Government Bailouts
July 27, 2008
Andy Sutton submits:
Last week, the US Congress overwhelmingly passed HR3221. Perhaps as early as today, this measure will be taken up in the Senate. The President has pledged his blessing of the measure as well. While I am sure that there are many folks who are happy to see this relief package, I am not one of them. Touted as cornerstones of this bill are tax credits for first-time homebuyers and reduced property taxes for select others. However, this is just window dressing. Potential recipients of the ‘benefits’ of this package must understand that they are not getting anything for free. What is given to the left hand will be taken from the right perhaps through higher taxes or perhaps through inflation. Most likely, though, it will be both.
I am including below a letter I’ve written to my two US Senators on this issue which lays out what I believe are the important aspects of this bill.
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