Stock Watch

Is This the Market of a Lifetime?

Posted March 25, 2009 by Bernz

It’s difficult for even the best prognosticators to get a handle on the stock market these days. The massive recession-that-might-be-a-depression that has gripped much of the industrialized world has brutalized stock markets in the US and abroad. Pension funds, college funds and savings accounts have all been hard hit. Recently, CNBC’s Jim Cramer took a verbal beating from Jon Stewart about his inability to predict the crash.

lifetimestockThe Dow Jones Industrial Average has dropped to its lowest level in 12 years recently and continues to test that limit. But even with all of the warnings about the dangers of the market right now, some wise investors are in collection mode.

So, is there opportunity in the stock market right now or only grief and despair? Optimists point to the fact that all stocks are getting punished regardless of their fundamentals. That means that there are stocks that are currently undervalued lurking out there. The tricky part is finding the ones that will both weather the remainder of the recession and also do well when the markets turn around.

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Apple Up Big After Hours on a Better than Expected Earnings

Posted January 21, 2009 by Bernz

ipodApple stocks up over 8% in after hours trading after reporting that it earned $1.61 billion, or $1.78 a share, easily beating analyst estimates of $1.39 a share.  Apple said its sales reached $10.17 billion topping estimates with Ipod and Mac laptops leading the surge in sales.  And this is inspite of a lagging economy.

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Is $20 billion Enough for Bank of America?

Posted January 16, 2009 by Bernz

bacBank of America (BAC) today reported a loss of $1.79 billion in the fourth quarter and this is not including Merrill Lynch, which it acquired recently. Merrill Lynch lost a record $15.31bn in the quarter. Bank of America financials are supposed to be good until the purchased of Merrill. Additionally, Bank of America today announced that they received another $20 billion capital infusion from the Fed. This is on top of the $25bn the bank received from Tarp funds last October . This confirms that the crisis in the financial/bank sector is not yet over and it looks like everybody thinks that the government will not let these major banks fail.

Bank of America (BAC) stocks down more than 8% this morning.

Now, the question again is, is $20 billion enough and how far more can the Fed go?

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Jobs – Jobless for six months…Now what?

Posted January 15, 2009 by Bernz

Apple Inc. CEO Steve Jobs announced yesterday afternoon that he will take a medical leave of absence until the end of June to deal with health issues.  Last week he announced to the world about his problem with hormone imbalance, now he learned that his medical condition was more complex than previously thought. According to his letter to Apple employees he would remain involved in major decisions in the coming months.

stevejobsWill this be the end for Apple? Absolutely not! Not trying to underestimate the importance of Steve Jobs but  over the years he has surrounded himself with top executive brains to run Apple.  One of them is Tim Cook Apple COO who will take over the day to day running of Apple while Steve is on leave.  Plus of course their line of great products.

Let’s all pray for Steve…..

Shares of Apple stock tumble 5% to $80.25 to this writing.

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