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Greene County, Indiana ~ Sunday, July 6, 2008
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It's Friday, Here's Your 6-Pack!
Posted Friday, December 7, 2007, at 1:28 PM<< Previous | Read comments | Respond | Email link | Next >>
In the stock market lately, several great names have been at great prices in my opinion.
Companies like Pfizer (PFE), German American (GABC), Cedar Fair (FUN), Kimball International (KBALB), Duke Realty (DRE), and Bank of America (BAC) all have some local ties too. Two are headquartered in nearby Jasper (GABC & KBALB), PFE has a plant in Terre Haute, and DRE is headquartered in Indianapolis. Of course, BAC is everywhere.
All are paying healthy dividends rivaling top-paying CD rates, while having the potential to have a nice run up in the coming years, as soon as everyone figures out if the nation is in a recession or not. Some would even call these picks "defensive" since pharmaceuticals tend to do well when the overall economy isn't, and KBALB has a strong balance sheet to weather some storms too.
Notice that this "6-pack" of stocks is in different industries. (Well, there are two banks I guess, although one is nationwide and the other has a footprint in Southern Indiana only.) This is key because a diversified 6-pack will perform typically as follows: two will perform very well, two will just tread water, and two will lag. You just have to expect and accept that going into it.
Oh, and in case you began reading this thinking you were going to get free beer, you can always try Anheuser-Busch (BUD) as a long-term keeper. After all, they have a great business: when times are good people drink, and when times are bad they drink... they pay a little less in dividends (about 2.5% right now) though. Comments Showing comments in chronological order [Show most recent comments first] |
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SAI is showing good things. They also employ a real good labor force! If you see any one who works there, congratulate them. They have made that company a real winner.
http://finance.google.com/finance?q=sai&hl=en
By all means though stay away from stock like this.. http://finance.google.com/finance?q=NASDAQ:CHNR
way too risky..
by the way check.. out the 3 mo. performance on those graphs. I like to envision myself as a money surfer. lol
I like the stock market not only for the excitement, but I love looking at charts, analyzing all the hype and then picking. It all to often proves what type grasp you have on it all.
If you do not like to read alot I would recommend Edward Jones. As a matter of fact I would recommend myself to them as well, but I like to be on the court and in the action.
You only live once.
So, America, you're finally getting of those Chinese stocks, eh? There's pretty high P/E's in China, so it's kind of like playing with dynamite there.
It's all fun and games until it explodes!
this weeks speculation is on a company called lucas energy - luce - (not to be confused with lucas oil) they are a domestic too. I got in low, I hope. 1.30, it seems to move from around that to around 1.60 whithin a couple of days. it might make a pretty decent morning for me at some point.
Your recommendation of diversification is right on. Patience and a long term outlook are keys. like you said.
I made a couple bucks on LUCE on Monday. Crude is back up so their stock jumped a little bit. It had me worried for a sec, nothing makes a stock go down quicker than if I buy some of their shares.
All this recession talk is nonsence I believe. We heard the same rumors in november and the economy grew at 3.9%.
My next speculation I think will be on RIMM or SAI. It is just making a decision on what a good buy in price will be.
4th qtr reports should be out some time soon too, so I will have to choose quickly if I want to reap the rewards of good business at the end of last year.
So maybe I jumped the gun on this one....the market is shakey that is for sure. I picked up ALTI for 3.67 per. I would say that is a pretty good price on a company that is cutting edge. I do not believe miricles will have to happen for it to go to $5.00 a share.
http://finance.google.com/finance?q=ALTI&hl=en
I will probably be satisfied anywhere around 4.25, but who knows how I will feel when the time comes because we might be waiting a while for returns in this type of market situation.
Inflation just went thru the roof: 6.3% in 07.Question: So if we are spending more does that mean that companies will have brought in more cash and will soon show positive results in their financials? I do not know but, was hoping for some sort of positive spin on what has been a very depressing '08 so far.
"Stagflation" is a possibility. It is an economic term used to describe an economy with rapidly rising inflation, stagnant business activity, and increasing unemployment rate present all at the same time.
I hear we might get a .5% cut in interest rates here in January and another .5 after that. That will make this market go apeey! I sure hope so. It is not very fair for the fed to raise rates and get everyone to lose their homes and then not lower them so we all lose our retirement savings as well.
wow, I heard them call this economy "stagflation" last night on the t.v. good call Chris, although I hope it is a wrong one.
The stock market lately has been reminding me of an old song I heard Johnny Cash sing. Ring of fire anyone?
So now would be buy time...If I had a wish list this would be it.
http://finance.google.com/finance?q=NASDAQ%3AAAPL.
http://finance.google.com/finance?q=NASDAQ%3AAAPL
http://finance.google.com/finance?q=NYSE%3ARDS.A
http://finance.google.com/finance?q=intel&hl=en
It seems tech heavy but everything is soooo cheap. I would bet that this bad boy is going to pop real soon too...CHNR when it doubles again in one day I will absolutely throw a fit when If do not own some. SAI is at bargin basement blowout price.
Its like bluelight special time...surely the market can not get worse.
MOS moved a little today.
http://finance.google.com/finance?q=NYSE%3AMOS
and MSFT and INTC will carry the market tomorrow. I also predict at least a 60% jump in CHNR sometime very soon. JRJC has all kinds of room to move up and I believe it will, you can bet on it.
O.K. Chris get your wallet out. I will make a prediction here. We all know that "past performance does not indicate future success" but pick a good stock, or a bad one, because it wont matter which and drop some money in it.
At least two major events take place on Wednesday and earnings reports will be wrapped up for the fourth quarter. Since MSFT beat estimates I would say their is a good chance that profit reports wont be as bad as expected say, last Monday. Some sort of G.D.P. report is released wednesday morning and the fed meets at 10:00am Eastern (I think). The legislature meets to work on the stimulus bill first thing on monday morning. The treasury secretary was on T.V. saying he wants to get those "free money for a bunch of people checks" out in the mail A.S.A.P. The senate is complaining, saying that they are not sending enough money out and want the bill larger than what the president has suggested. The impact of the speculation of stimulus should be close to immediate.
Last quarter productivity was through the roof and we had a record stretch of 3 days and darn near a 1000 point run up in the dow. I would expect to see much the same thing next week.
Friday of last was slow I will admit, but Fridays are always slow because a bunch of people go to lunch at noon and were happy with a couple of good days,took a little profit and maybe a breather to kind of stick thier thumbs in the air see which way the wind was blowin'. The market is down about 8% for the year so far and it has been rough for alot of people. Personally I am up about 10% thanks to LUCE and I will pat myself on the back for trading when I did because "Hogs get slaughtered".
We will get a .5% cut and the GDP report will not show a nationwide recession and the DJI will end the week over 13000. The recovery in retail shows me that a run up is possible since most of the financial companies have already reported and I can expect MCD and HAL to report good numbers. I wont own those companies but, they can ignite and carry a rally. Everyone will feel warm and fuzzy and it will be buy, buy, buy. I can sence a disturbance in the force bro and we can go up a long way just to break even for the year.
Or I might not know a darn thing....If I could tell the future I would be a millionaire. There is always the chance of "bad news" and if the rally is to quick the fed might only go .25 and that stimulus bill might get stalled in congress and energy companies might report a loss...
Back the truck up and load it with...
INTC http://finance.google.com/finance?q=intel&hl=en
first thing in the morning.
I was teasiing my brother this morning telling him that I was going to start following him around the market. He bought in these guys last week.
PSEM http://finance.google.com/finance?q=NASDAQ%3APSEM
I do not want to hear another report on infation and resecission(?). I feel like they try to talk the thing down. One day we will be 85 talking 'bout the good ole days when you bought some intel for 20 bucks.
ok...we got a holding pattern this afternoon. I will be in sell mode tomorrow (hopefully). INTC is gone at 21.50 and i would love to get rid of my ALTI, 3.90 is kinda my bench mark there...The bond people are demanding .5% cut and I hear the market is around 80% reflective of that happening. If Bernake goes .25% he is fired as far as I am concerned.
No recession c'mon baby....
15 mins and ill know if intc was a good buy....
What a day! I started off selling my ALTI for 3.93, I could tell it was my day when they announced a new deal with the navy. Bounce baby, bounce:I made about 7.5% there. I then took what I had in margin and sunk it in to CHNR at 18.10 and sold that by 11 o clock and made a 1.15 a share in a couple of hours. I could not help but jump around. It all had me shakin at the keyboard.
So at this point I am close to being up 25% for the year. I did not shake my INTC though. I got in at 19.77 and we saw 21.15 today. After 2, what I would call successful, trades I grew some guts and did not sell. I watched down to the closing wire and passed the days high by.
It does look like we are awful close to recession and I do not know what tomorrows market will do. If I would have sold I would be out of money until the sec reviews my trades and I would be done until next week. I should have took the gains and ran to wal mart with them, but heck with it I am up and I do not believe that INTC will go to far down.
There was alot of excitement in this days session. I love it. This is exactly what free market capitalism is about. I strongly advise anyone with the means to test the waters and engage in an attempt to realise the fruit of freedom.
I wanted to add that it does not take very much money to participate. I would recommend (?) a start with 500, but you can invest with 100 if you wanted to. Online brokers make it very simple and cheap to invest and transfer money between accounts. The more traders the better the market, so join in.
Hey Chris! I have a question for you. Do you think Motorola is over sold or do you think the whole company is out of gas?
http://finance.google.com/finance?q=mot&hl=en
INTC is a great, long-term company to buy. Chipmakers are usually the first to go up in the business cycle. Whether we are still going down or on our way back up is anyone's guess though.
http://blogs.abcnews.com/politicalpunch/2008/01/bi...
I can not believe that he is out there saying this. It should be the goal of our leaders to shape an economy that makes most people wealthy so that our lives our good not keep us all poor so that our families legacy is that of serfs in order to save the planet from an imaginary crisis.
In my opinion to correct this economic turn back we need more commodities. That means dig more coal and pump more oil!
Chris, we will know if our fate is stagflation in the morning. The latest jobs report will be out.
Well Intel was not a bad ride, but not really to exciting. I got in at 19.89 and out at 21.03 so it was not a loss but I did not make what I thought.
Yo! If unemployment goes up so will the market...it will help curb inflation. This also allows for the speculation of another rate cut in the coming weeks.
http://finance.google.com/finance?q=NYSE%3AHD
Home Depot annouced lay offs and a person could not get to the stock to buy it fast enough. It seems to be a hot one now. Could this be more evidence of recovery in the real estate and financial sectors?
http://finance.google.com/finance?q=NASDAQ:ETFC
http://finance.google.com/finance?q=NYSE%3ACFC
Maybe I should have held on longer but, I got paid and thats the important part:little bites at a time.
It was a good week and lets just see how close we end up to 13,000. The anticipation for the run up to 14,000 gets me excited, but lets see this weekend where everthing is sitting.
Wish I would have bought some YHOO earlier this week. I did not see it coming. I do not have enough eyes!
http://finance.google.com/finance?q=NASDAQ%3AYHOO
Chris this next week wont be as easy to predict. I would not be suprised to see a little bit of a correction in the dow.
I am recommending stocks in the financial sector. I am getting some ETFC. I will also be watching CFC.
The big pick of the week is...(drum roll please) ABK
http://finance.google.com/finance?q=NYSE%3AABK
If these folks go up anothe 125% in the next 2 weeks you can all give me a portion of the money I helped you make..jk
When stocks are up I get a "I am chasing my tail" feeling. This particular part of our economy is in the process of making a recovery. If you want to profit from it you have to take a chance on it.
Good luck.
East asian stocks are still in the corner of my left eye..they will have to move if the dji continues to rally.
additional notes include..motorola is up pretty good since we mentioned them in our blog. Wall street reacts to the opinons expressed in Wathens blog: for sure!
I am saying to keep an eye out on MSFT because they are now oversold and Gates is a winner. 28 a share is way to cheap! Pick some up if it goes there.
If TRMP gets those condos he is building sold it will go thru the roof.
It might be a little ways off though and the Don is famous for his bankruptcys.
I can not sit here and say that the housing market has recovered, all I can say is that now people are anticipating a recovery. That is when the markets move. Stocks are speculative in nature.
e trade....ouch
....but we did have some move ment out east. When CHNR and JRJC peak like that sell out. I only like them below a mental bench mark and they go up qwik and go down kwik. CPSL is another that moves like the devil.
I am still out of money. tomorrow I should get some "available funds".
freeze! lets see where the bottom is. Be ready to pull the trigger and load up!
I have not heard anything to make me think tomorrow will be different. I am going to have to look thru this mess and see what might jump tomorrow.
ambak was up most of the day but it is hard to beat this market.
This market is bad.
...yet this can mean opportunity =)$$$$
America, I have a feeling that the only person making money here is your broker.
Trades are only 10$ each way. I use TD ameritrade. I saw an ad for 3.25 trades anytime but, it was not a name I recognised so I would hate to change again. I change brokers almost as fast as I do stocks.
By the way microsoft is 28 today....
The strategy is: if you can make 7 to 10% gains in 8 trades you double your money.Potential gainers of just a little amount like that are usually easy to spot. This way you do not own the stock when it is down (theoretically) you only own when it is up. Check your mutual funds this week. I lost nothing because I sold out at the end of the fabulous week the market had ending on the 1st.
Good to know. The strategy you're using was made popular by Wade B. Cook in his books a few years back. The common downfall I've seen with it is being true to your stop loss limits. IT's had to sell when you're down a little, but it's valuable insurance with that strategy.
Uh-oh they caught me with my pants down this week. I did not buy in soon enough and the rally ended a day before I thought. This is B.S.! The jap market set a new record for the good last night and there was not anything but good vibes all morning. Then this poser fed chief we got stands in front of congress and sticks his thumb up his wazoo. I can sum up his speech for you "wellll, I dont know.." What a bum!
So I am married to some stock for a week. Here is the short take.
ABK,JRJC,CFC,and NVDA. It is definitely a love-hate relationship. I love to buy 'em and I hate to own'em
k ABK is gone: 22% in 2 days. you got to love it. Let us see if I can ditch some more tomorrow.
Buy this stock: NVDA
http://finance.google.com/finance?q=NASDAQ%3ANVDA
Sometime these things take time to pan out. Patience, as always, is a virtue. I will be out if I go to a 7% loss: you win some and you lose some.....
Walmart.....stillwater mining..are going to be moveing!
take a look at the charts on these bad boys
RIG
http://finance.google.com/finance?q=NYSE%3ARIG
CLF
http://finance.google.com/finance?q=NYSE%3ACLF
KGC
http://finance.google.com/finance?q=kgc&hl=en&meta...
rally caps on !
its the great depression all over again.....I cant take it...its breaking me down.
Abks proposal was weak and fuel costs are crazy!
kgc and coin....
The biggest rally in 5 years...how come I still feel nervous? It must be all the shell shock I have from the last week or so.
yeah...and used today as a good day to finish selling off.
Quick report on LTN (city of linton), shares were down today after the board of directors refused a big contract to expand its youth facilities. Seems like that company might be in a little rut.
Maybe new leadership will be voted in the next time the shareholders get to meet.