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5 Stocks Ready to Move…Really
Early this morning, I was looking through MarketClub’s Smart Scan tool for some stocks that I could buy. Yes, that’s right… I said buy. I came across five stocks that I thought looked very interesting and these stocks met all the requirements I look for when I want to go long in the market.
These five stocks all received positive scores from the weighted set of criteria we look for from upward trending stocks. Given today’s economy, it remains to be seen how successful these picks will be.
You may have watched my video, “Trading From A Desert Island.” If you haven’t, I…
13Feb2009 | INO | 0 comments | ContinuedFederal Reserve Slashes Interest Rates Again… Why You Should Go For Gold, Commodities, And Financials
No surprise from the Federal Reserve yesterday afternoon.
Well, not really.
Bernanke & Co. did as everyone expected them to do and slashed U.S. interest rates. But it was the size of the cut – from 1% to a record low of 0.25% that caught some folks off guard.
You shouldn’t be one of them – at least not if you took our advice to buy gold stocks, as we’ve suggested for some time now.
If so, you’ve likely enjoyed double- and triple-digit returns since September. And there’s more to come for gold. But be careful. The price of gold and gold shares will not…
17Dec2008 | Smart Profits Report | 0 comments | ContinuedSecond Quarter GDP Release Set to Confirm or Deny U.S. Recessionary Fears
A hectic week on the economic calendar is highlighted by the initial look at second quarter gross domestic product (GDP). Remember, a recession is defined as two consecutive quarters of negative growth, so doomsayers have targeted this week’s release as confirmation of their pessimism.
Fortunately, the analyst consensus holds that the economy expanded at a faster pace than the 1% rate of the first quarter, putting us safely outside of recession territory. Investors get another view inside the struggling labor market where layoffs (mainly among financials) have resulted in overall job contractions for five consecutive months.
Economists hope for another positive showing…
28Jul2008 | Money Morning | Comments Off | ContinuedGlobal Investing Roundups
Canada Staving off Recession; H&R Block Rebounds; Kellogg Buys Chinese Cookie Kingpin; Occidental Petroleum: New $1.1 Billion Hydrocarbon Plant; This Bud’s Not For You; Eurzone Inflation Hits 4%; Dubai Ties Into Russia’s Energy Sector; Tyson Takes a Bite Out of Indian Food Poultry Processor
Canada posted 0.4% economic growth for the month of April, after falling in the red for the first three months of the year – its first negative quarter in five years. Economists warned this rebound isn’t forward looking, as U.S. demand is still low amid the subprime credit fallout and high gasoline costs, Bloomberg reported.
Tax preparing leader…
1Jul2008 | Money Morning | Comments Off | ContinuedThe Latest Banking-Sector Credit Crisis Will Lead to That Sector’s Next Group of Profit Plays
Three major U.S. banks – including Fifth Third Bancorp. (FITB) and Wachovia Corp. (WB) – got clobbered in recent days on the news that they’ve lost another $1.6 billion by making investments in the Citigroup Inc. (C) Falcon hedge fund that lost 75% of its value earlier this year.
It’s just the latest chapter in a continuing credit-crisis saga that’s gone on for so long that many investors have become numb to the news: They regard all new developments with a kind of “so what” attitude, or just ignore the news completely.
Believe me when I say that such a response is…
29May2008 | Money Morning | Comments Off | ContinuedProfiting from Divergences? You should be…
On December 13th, 2007 I wrote a piece, which pointed to shorting opportunities in the large cap sector. At this point in the game, Apple was trading for $189 and Google at $698. In a Chart of the Day segment titled, “Utilizing Divergences for Big Gains: Two tech giants ripe to fall,†I had stated the following:
â€It was just a day ago when I discovered two bearish divergences occurring simultaneously between the RSI and price on both Apple and Google’s charts. After an impressive run, these two plays are losing buying momentum and are at the end of the road.â€
Example setup…
16Jan2008 | S. Oakes | Comments Off | Continued
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