Posted on 01/27/2015 11:20:09 AM PST by Mad Dawgg
U.S. stocks dropped sharply on Tuesday, with the Dow positioned for its worst hit since October, as corporations reported earnings that disappointed and orders for U.S. business equipment unexpectedly declined in December.
"If you live in the northeast, and you work from home, you're trying to figure out why the market is down 400 points," Art Hogan, market strategist at Wunderlich Securities, referring to the snowstorm that halted transit in and around New York City overnight before ending earlier Tuesday.
It's a combination of an increase in volatility when you have a decrease in volume, and a transition period between seeing the ill effects of lower energy prices on companies hurt by the stronger dollar and weaker commodity prices, before we see the benefits of better consumer spending," said Hogan, who believes lower gasoline prices will eventually translate into increased discretionary purchases.
(Excerpt) Read more at cnbc.com ...
My P&G stock has been slipping for a few days now but it’s down over $3 a share today.
My utilities (DUK, AEP) are up today.
The PPT could only work their magic for so long.
That’s strange.. The economy was doing GREAT right before the midterm elections.
AEP is one of the few stocks I still have. I been using their DRIP for years.
Sure, 112,000 layoffs by one company, rumor or not, had no bearing on this.
Microsoft will be a Fortune 500 company for a long time (like McDonalds) but has definitely lost their luster. Their smartphone business is a disaster and their attempt to make every PC look like a smartphone is going to end up being one.
Caterpillar will be around for a long time.
Microsoft, however.....well, as Thumper’s mother said, “If you cannot say anything nice....”
Only if they produce units that can be run via automation. If not they will go the way of the buggy whip.
Already there. I bought 100 shares about an hour ago.
http://www.cmu.edu/news/archive/2008/September/sept9_autonomoustrucks.shtml
PITTSBURGH—Researchers at Carnegie Mellon University’s Robotics Institute are working with colleagues at Caterpillar Inc. to develop autonomous versions of large haul trucks used in mining operations.
Weather
I have no doubt that P&G will go back up. It always does. It just bothers me more since I retired. I don’t draw from that account but I would still rather it go up than down. :-) I currently draw from my 401K and it’s stable (no risk). I let the P&G stock take the risk because it is a good dividend stock and I shouldn’t need to use it for a while.
I’m getting 5% from Duke Power, AEP and AT&T. That’s a world better than a CD right now.
And if any of them go out of business, $30k is the least of my worries.
I wouldn’t have bought a block on an article that is from 2008.
That ain’t why I bought it. I bought it because at $80/share, the dividend is 3 1/2%. If the price goes even lower, I will buy more.
The article was to show that CAT is pursuing the automation concept.
Buy the dip. P&G is a rare "set it and forget it" stock. Hold on and keep reinvesting the dividends, which P&G has steadily increased over the last 58 years. All the best to you.
I recommend Hormel Foods (HRL). Stock has risen 173% last five years, and dividends have increased for 48 straight years. Great management as well.
While we were out there an operating engineer turned over a dime laying on the ground w/ the bucket of a large excavator. Did not disturb the dirt under the dime.
I told the young man that I did not consider automated heavy equipment on a construction site to be a safe idea and I still believe that.
>> I bought 100 shares about an hour ago.
Great minds think alike! I got mine just after open.
3.51% dividend at current price.
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