Skip to comments.Daily finance & investment thread --- edition for 2-27-13
Posted on 02/26/2013 9:15:54 PM PST by dennisw
Trying to focus on the markets for today and each day and the economic news
A number of people have talked about such a thread. Lets see how it goes. This is where you can impart some investment wisdom to your fellow
freepers. You can vent about the big one that got away. You can chime in how Obama is out to wreck American capitalism.
If you see another FR economic thread you like and want to link to it here, please do
Post your favorite economic site links. Your favorite precious metals blogs and sites
Apmex.com is a solid place with good reputation to buy precious metals Kitco is a good site for charts and other precious metals information
Ping list -- on or off let me know here or via freep-mail. If I missed you then Freep-mail me
Please add me to your ping list.
You can add me please!
Ping me please!
I bought SIRI today and am 600 dollars underwater on 10k shares.
Car sales show a good replacement cycle which is good for siri and siri is a monopoly. Plus there is some unique content as many indie performers gave live concerts in xm radios old HQ. Streaming internet radio is a competitor but does not carry fox news, cnbc, etc. and is not as user friendly.
I am probably going long copper tommorrow.
Do not bottom pick apple. Apple has a market cap of 430 billion. Samsung is at 275. Rimm is at 7.
I am long rimm or bbry (new symbol).
There is no inflation, I just paid $7.52 for a box of .22s.
SammySung is a trillion pound gorilla that is up 40% in the last 6 months. They actually build useful things like ships. A diversified Korean conglomerate called chaebol. Their cell and smart phones are not loss leaders...they bring in good money
Law of supply and demand. Gov't Federales like Homeland Security are buying up lots of the supply for their future war against us
Gov't induced inflation in the bullets sector
May I suggest using a few choice keywords to better find this thread and related ones in the future.
thanks! I am going to start with the four that are up there. Thanks if you put them there
Ping me please.
Keywords are our friends!
Please put me on your pinglist Dennis. Thanks!
Please add to ping list.
Do we discuss individual stocks here?
Always. What’s yours?
Depending on the size of the box and brand on how inflated that price is. I bought 225 count box of Thunderbolts for less than $10 last week. Not my favorite brand but it was all that was available.
If you’re not a believer, you should leave her. LOL
NYSE Morning Update:
Ahead of the Bell: Dow futures are trading up 24 points and S&P futures are trading up 2 points following comments by Federal Reserve Chairman Ben Bernanke in testimony before Congress that he backs the central bank’s bond-buying program, despite the easy monetary policy might encourage additional risk that could cause market turmoil. The Chairman defended the Fed’s policy, saying the asset purchasing program helps keep long term interest rates low, which will spur growth and aid the recovery.
On the economic calendar today, durable goods orders for January will be out prior to the opening bell, -4.0% is expected compared with 4.6% for the month prior. Federal Reserve Chairman, Ben Bernanke will be testifying before the House Financial Services Committee in Washington.
The dollar is up against the Japanese yen and down against the euro and British pound. Gold is trading at $1,607. Crude oil is currently trading at $92 a barrel.
Yesterday, stocks closed higher on better than expected housing starts data and consumer confidence improved and comments by Fed Chief, which defended the agency’s easy monetary policy.
On CNBC today, Bob Doll, Money Manager at Nuveen Asset Management, talked about the mood of the equity market. Doll said we have had a huge gain from the fall of 2012 to now. The market is taking a break; we cant keep going up all the time. Investors are digesting higher gasoline prices and the political wrangling in Washington. He believes the euro zone crisis will be a temporary blip on the radar. The next hurdle will be the sequester, which is two days away. If the economy goes over the sequester deadline, it will hurt growth long term, as no one wants spending cuts.
Happy Wednesday, and have a nice day.
DJIA up 115.96 pts/+0.84%/ 13,900.13
S&P up 9.09 pts/+0.61%/1,496.94
Nasdaq up 13.40 pts/+0.43%/3,129.65
Dow Futures up 24.17 pts/+0.17%
S&P Futures up 2.50 pts/+0.17%
Nasdaq Fut up 3.75 pts/+0.10%
CAC 40 +0.72%
NIKKEI 225 -1.27%
HANG SENG +0.25%
Overseas: World stock markets are mixed. European markets are higher following comments by Fed Chairman Ben Bernanke that he supports the Feds bond-buying program. Asian markets are lower on rumors China might raise interest rates to curb inflation.
Clearwire (CLWR) plans to pull financing from Sprint Nextel (S), a move that could complicate its agreement with Dish Network (DISH), which is in the process of acquiring the wireless carrier.
Bloomberg reports Walt Disney (DIS) faces opposition to its combined chairman-CEO roles as two proxy advisers urge shareholders to vote next week in favor of splitting the positions.
MBA reports mortgage applications were down 3.8% versus down 1.7% last week. The 30-year fixed-rate mortgages increased to 3.78%, the highest rate since August 2012, from 3.75%.
Gold: down $6.40 to $1,607.00
Oil: down 0.08 to $92.86
EUR/USD 1.3107 +0.0001
USD/JPY 91.6550 -0.3200
GBP/USD 1.5141 +0.0001
Volatility Index (VIX): As of the close of business Tuesday, February 25, the VIX is down 2.12 at 16.87
Companies Reporting Quarterly Earnings:
Target reports Q4 adjusted EPS $1.65, vs. Est $1.48 and Q4 revenue $22.73B, vs. Est $22.69B.
NRG Energy reports Q4 EPS $2.06 with items, vs. Est (15c) and Q4 revenue $2.06B, vs. Est $2.55B.
ITT Corp. reports Q4 adjusted EPS 37c, vs. Est 38c and Q4 revenue $554.3M, vs. Est $537.57M.
Todays Opening and Closing Bells:
Morgan Stanley & Wall Street Rocks will ring the opening bell.
ConocoPhillips will ring the closing bell.
1. There must be some good direct buys in supply stocks, though the horse might have left the barn already.
2. What related industries (such as pipe suppliers), and individual companies will benefit most long haul from the fracking boom?
3. What other sectors or companies will be positioned to benefit best from the fracking boom?
“Does anyone have good information on how best to invest in the fracking boom?”
Send me all your money and I’ll take care of it. You don’t have to worry your pretty little head about nothin’!
I tiptoed into a foreign value/dividend fund yesterday.
We’re not financial advisers here. I’d hate to say such and such stock looks good and you buy it and it sinks. It’s one thing if you pay someone for such a service and they’re certified but we’re individual investors with our own money. You have to do your own Due Diligence. There are plenty of sites on the internet that offer articles like you desire. They may work out or may not. Don’t bet your life savings on a total strangers say so. You can sign up with Motley Fool or Seeking Alpha or Yahoo financials has plenty of tabs for different info. Read up on how to invest first. Buy and Hold sometimes just don’t work like it used to. Things are a little dicey with the government picking winners and losers nowadays.
I can't believe you actually think I'm going to run out and buy stock just because someone here said to.
Fwiw, since this was a new thread on Daily finance and investment, I threw out a topic I hoped would spur discussion, and perhaps there were a few who might have links to good information, and out of that some good back and forth.
What's the sense of even having a thread about this subject if there's no back and forth on, you know....investing?
Okay, have you done any homework on your end? I like different stocks for different reasons. I like a stock with volatility so I can hold for only a short term. Some of these go down - sometimes a lot. I have to sell as soon as it starts going down so my stocks wouldn’t do for a passive investor. Therefore my stock picks may not fit your risk/hold-time picture. For an oil/gas integrated company I like CVX. But I also like APA on the dips for its volatility. Pipelines look at APL and KMP to see if any of them suit you. Don’t forget the rails like CP. HEK is a frack support stock but I don’t really care for it. You also might want to check out CHKR for a dividend play.
JCP getting crushed after hours (-7%) with a huge earnings miss (cue the “it’s because of that lesbian!” nuts). I don’t see how Ron Johnson can survive much longer.
He won't. And JCP has farther to drop I'm afraid.
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