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Stocks to buy
Greece & Europe financial crisis – Stay away from the Financial Stocks – C, BAC
May 5th
Yesterday (5/4/2010), when the DOW fell about 250 point , I sold my financial stocks Bank of America BAC ($17.59 0.03 +0.17%) at $17.67 and Citibank C ($4.22 -0.04 -0.94%) at $4.29 that I have been holding for last several months.
About few days ago when the media was talking about Greece having financial trouble, I didn’t give too much thought. I was thinking that it would not affect the US stock market.
However, yesterdays DOW drop after recent huge drop with world wide stock market, I decided to stay away from the financial stocks.
Also the BAC’s graph is showing lower highs and lower lows indicating typical bear trend. So I decided to sell them.
But I still think there are great opportunities with the financial stocks. Just wait this storm to pass for now.
Here is a good reading
Why investors should care about the Greek crisis
Incoming search terms:
- the economic crisis in greece graph
Good Opportunity with Goldman Sachs (GS)
Apr 30th
Goldman Sachs GS ($146.33 -13.91 -8.68%) (4/30/2010) is down about 9% at this time after the news came out that the federal prosecutors are looking into whether to charge Goldman Sachs Group Inc. or its employees with criminal securities fraud from Wall Street Journal.
The report cited unnamed sources familiar with the probe. Neither Goldman nor the office of U.S. Attorney Preet Bharara would comment for the report.
Also many financial firms downgraded GS today . Bank of America lowered GS ratings to neutral from buy and cut price to $160 from $220 per share.
The best way to take advantage of the stock market is to catch the right opportunity. GS is the biggest stock trading financial firm and there is no doubt that it will continue to be one of top financial firms in US.
I think GS is already down pretty much from the above $180 range. This may be a good time to buy some of the GS stocks. However, it would be a good idea to monitor the stocks for some more time, too.
LIVE data: GS ($95.49 -1.59 -1.64% Live)
Sold Apple (AAPL)
Apr 21st
Hello everybody, I sold AAPL ($258.59 14.00 +5.73%) today (4/21/2010) at $259.70. It was over $260 for about few seconds around 10 AM, but I missed the chance. I bought them around the end of January 2010 when the stock market was down in general at $199. The gain percentage is little bit less than 30%.
Current AAPL price is : AAPL ($530.38 0.26 +0.05% Live)
The company reported that earnings soared by 90% in Apple’s fiscal second quarter, ending in March, blowing past most analysts’ expectations.
From MarketWatch.com
For the March period, the Cupertino, Calif.-based company said net income came in at $3.07 billion, or $3.33 per share compared to net income of $1.62 billion, or $1.79 per share, for the same period last year.
Revenue jumped 49% to $13.5 billion.
Analysts were expecting earnings of $2.45 per share on revenue of $12 billion, according to consensus forecasts from Thomson Reuters.
I sold the stock because I think it was around mid $240 level for month of April with all the iPad and new iPhone OS 4. news. And suddenly it jumped around $15 (5~6%) today.
Also in the MarketWatch.com post, there is a mention from the company that the revenue is expected to be down to $2.28 ~ $2.39 for June quarter. It’s much less than current earning per share $3.33.
For the June quarter, Apple said it expects earnings to come in between $2.28-$2.39 per share, with revenue expected to be in the range of $13 billion to $13.4 billion. Wall Street had been looking for earnings of $2.70 per share on revenue of $12.97 billion, according to Thomson Reuters.
With that information in mind, I foresee that the stock price will come down to $240 range or lower soon. So I will buy them again when the prices comes to me.
Thank you for visiting my website.
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10 best stocks for 2010
Dec 11th
Now 2010 is around the corner that if you are looking for the good stocks to invest for the new year, check out this article from CNN.com.
These are not penny stocks but very good large cap stocks with high uptrend possibility in 2010 with the expectation of better economy.
I like the Master Card and Qualcomm. Especially the article mentioned about large growth of China’s cellphone population in the upcoming years which makes Qualcomm very attractive.
Qualcomm CEO Paul Jacobs recently said he expects the Chinese 3G handset market, for instance, to grow nearly ninefold over the next four years. By 2013, 3G subscribers are expected to reach 2.4 billion people from 830 million today — and Qualcomm will earn $4 to $8 on each new phone.
But very interestingly , most of these stocks are up yesterday and today. They may have been posstively affected by this article.
I would not buy these stocks yet , but just watch them for awhile. Make sure you do your home work before submitting the buy order.
Below prices are today (12/11/2009) prices.
- Master Card MA ($243.94 -0.18 -0.07%): Credit Card company
- Amedisys AMED ($40.62 0.15 +0.37%) : Health Care
- Qualcomm QCOM ($44.90 -0.66 -1.45%) : Technology. Cellphones chips and licensing
- Petrohawk Energy HK ($22.17 0.22 +1.00%) : Oil and gas exploration and production company
- Baxter International BAX ($59.50 1.43 +2.46%): Medical products
- Quanta PWR ($18.96 0.29 +1.55%) : Largest contractor in the U.S. electric power market.
- Salesforce.com CRM ($63.26 -1.43 -2.21%) : CRM solution as SAS (Software as a service)
- American Tower AMT ($40.04 -0.06 -0.15%) : Wireless tower operators. Rent them to the wireless carriers.
- Renhe :Hong Kong based company. Not available in US stock market.
- Vornado VNO ($69.66 0.88 +1.28%) : Real estate investment trusts
This is up to date prcie lists ( dynamically updates the price and showing the current prices and information.)
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Hello, my name is Chris. I have started stock trading about 3 years ago. I am not an active or day trader but I learned many valuable lessons. I will try to explain what I learned during the times. So please visit again and leave comments! Thank you.