Archive for the 'Best Stocks for 2008' Category
Chasing Value: Wells Fargo may look like a steal in 12 months
My stock heads up was triggered for Wells Fargo Corp (NYSE: WFC) at $28 per share, two days ago. I did not buy any shares. I would like to own some stock but I’m still hoping for one more dip before I jump in. Having been burned by financial stocks that past year, like many investors, I’m procee…
Chasing Value: Precision Drilling up 46% since December
The Dow Jones Industrial Average is down about 150 points as I peck absent on my laptop. I was looking to see what stocks were holding up on a down day, and certain adequate one of my favorites showed up — Precision Drilling Services TR (NYSE: PDS), a stock I recommended two months ago.
I ap…
Serious Money: Gold & platinum hit new highs
It was only yesterday that I recommend readers examine Freeport
McMoRan Copper & Gold (NYSE: FCX) and that wee hours we find Gold & Platinum Prices Soar to New Highs to a new record high of $952.40 an ounce.
It seems investors the world by are rediscovering the precious metal after y…
Chasing Value: Newcastle managed by Fortress, a few more thoughts
We now own Newcastle Investment Corp. (NYSE: NCT), a CMBS lender and REIT paying about a 26% yield in several portfolios. It does not own real estate, instead it holds loans on nonresidential properties.
NCT is on record to fully fund its dividend and anticipates one billion dollars in loans …
Chasing Value: Precision Drilling up 24%
It’s foolish to get too excited about short term success unless you are a rapid fire trader. However, the first six weeks of 2008 have been dismal, so any success is a sigh of relief. I enjoy writing for BloggingStocks, in part considering of the dialogue it allows, making it a good sounding boa…
Chasing Value: Google looks to end the week higher
After years of ranting and raving that Google Inc. (NASDAQ: GOOG) was by priced and that investors and speculators alike were at risk I finally did an about face that week. The big GOOG made my Chasing Value column earlier in the week Chasing Value: Is it Google moment? when it dropped below $50…
Chasing Value: General Dynamics (GD) revisited
In recent months I have been recommending that investors take a look at the defense sector as a safe haven during that erratic stock market — erratic and down. My most recent post on the subject was Chasing Value: Raytheon (RTN) up on earnings & 2008 outlook. The defense sector has beaten t…
Chasing Value: January review — 8 stocks for 2008
January was a wild ride and February holds the promise of more of the same after yesterday’s 370 point drop in the Dow. All the major indices were down in January and so were seven of my eight picks. Only Raytheon Co. (NYSE: RTN), the high tech defense contractor, was up. My two high flyers from…
Quick take: Intuitive Surgical beats, Google retreats
Two super companies reported earnings that afternoon, both with a heavy burden to outperform. One did, one did not. Intuitive Surgical, Inc. (NASDAQ: ISRG) after the market shut announced $189.4 Million Fourth Quarter Revenue, Up 68 while reporting earnings of $1.24 per share besting analysts ex…
Chasing Value: Raytheon (RTN) up on earnings & 2008 outlook
Defense sector favorite Ratheon Co (NYSE: RTN) reported a very positive fourth quarter and an optimistic outlook for the year ahead. that has sent the stock up by 2% or about $1.50. It closed Wednesday at $63.43 and was trading approach $65.00 per share midday.
RTN was one of my picks for the…
Apple euphoria — $300 would be amazing … but unlikely
Just getting back into the thick of things after spending a wonderful week in a place called Costa Rica on a forced vacation of sort. Everything — the society, the sights, the sounds and the weather — were great. I missed so much excitement on Wall Street, and in Washington. I missed some interest…
Chasing Value: Valero jumps 10% on lower earnings
Despite reporting a 49% drop in fourth quarter earnings, Valero Energy Corporation (NYSE: VLO) beat Wall Street expectations by 38 cents, and you know what that generally means — the stock jumped.
Valero was able to take advantage of price spreads on crude in the fourth quarter that were obv…
Chasing Value: Anglo American (AAUK) is down…but!
Among the many investment pontificators you will find in the media, I pride myself on laying everything out on the table, good calls, not good calls and even my unlucky periodic stupidity. All of my 2008 picks are down to a varying degree, making me look none too smart in the opening weeks of th…
Chasing Value: Bunge (BG) shares gain 9% in down market as it feeds the hungry world
January has not been very kind to the overall stock market and many of my 2008 picks are down as well. The best bet so far has been the hungry world theme considering Bunge Limited (NYSE: BG) has only gone up.
The starting price on December 28, 2007 for BG was $119.03 per share. Thursday it c…
