Stocks to watch – Dendreon (DNDN)

Shares of Dendreon (DNDN) skyrocketed Tuesday after the Seattle biotech company announced positive results in a clinical trial for its prostate cancer drug Provenge.

The stock nearly tripled in early trading before pulling back slightly, indicating that a potent mix of a short squeeze and increased hopes that the Food and Drug Administration will approve the drug were at work on the volatile stock.
Continue reading Stocks to watch – Dendreon (DNDN)

Still thinking of investing in oil?

NEW YORK (CNNMoney.com) — Oil ended just shy of $50 a barrel Thursday as investors weighed a glut in supply amid dour sentiment about the economy. Crude oil for June delivery added 77 cents to finish the day at $49.62 a barrel.
Continue reading Still thinking of investing in oil?

Six Traits to avoid in order to become a better investor

Overcome the Six Obstacles
Knowing how to manage risk is one of the prerequisites of financial literacy. Once you’ve fulfilled all the prerequisites and become fully literate, does financial freedom follow? Not necessarily. Certain personal obstacles can prevent even the most financially literate from developing abundant wealth. Continue reading Six Traits to avoid in order to become a better investor

Stocks to watch (4-30-09)

DreamWorks Animation (Nasdaq: DWA) 25.17%

Massey Energy (NYSE: MEE) 23.62%

Suntech Power

Yingli Green Energy 12.52%

Walt Disney (NYSE: DIS) 7.69%

Top performing stocks you should invest in

Dollar Tree

A newcomer to the Fortune 500, Dollar Tree was also its best performing stock last year, returning nearly 61%. That was no small feat: As a group, the Fortune 500 sank 41%. The company cashed in on the recession, as a $1 (or less) price on everything from candy to glassware drove sales at more than 3,500 stores.

Continue reading Top performing stocks you should invest in

Best Asian Stocks

This will be a very quick post. I am trying to see how fast I can churn out a quick 300 to 400 word post entry on Finance. Let’s see how fast I can do it.

Apparently, these days, stocks are getting to be a bad investment. This is true if you’ve put most of your money in stocks that are traded in the United States. This is because the market is not realyl very optimistic. People try to be optimistic because that is the culture that has been ingrained into this great country but in reality, you have party pooper economists who still think that the economy is about to crash again into a double dip recession or depression. Double-dip is the catch phrase of the moment and it is seriously starting to annoy me. Financial reports are starting to annoy me. Companies are reporting big profits and growth but a lot of those profits are coming from cost cutting. When you cut costs, you cut jobs and you cut consumption. You are taking money away from the market. This is seriously wrong and I don’t know what anyone can do to fix this. Even if I type up seventy words per minute, that will only mean I can take only 5 minutes to make a 350 word articleat full thoroughput. Ironic. Therefore, if I were to invest in stocks right now, I will think that I will be prudent to move the stocks to Asia. That’s right folks. The money is moving east to the countries with huge domestic markets, optimistic consumers, and people who are driving exports. This is the new world order. Asia is coming out. The best stocks are Asian stocks. People are getting rich overnight it’s insane. So people if you ask me, do what you should do and take your money out of Wall Street where profit is the bottom line. Move out of your parents’ house and got to Asia. The money is there. The people are there.

The first world order is going to be gone in a while. People don’t like to work there. Asian stocks powered by Asian workers who work 60 hours a week will be the new powerhouse. There is no such thing as rewarding laziness here.

BP Stocks

Shares of BP recovered over the past week. At least, BP shares recovered from 52-week oil spill low (as well as a new 14-year low) that was touched on Friday, June 25, when fears spiked that Hurricane Alex would shut down BP’s oil spill containment effort.

By far the largest block of survey votes pinned an acceptable “buy” BP value at $25, with 28% of survey respondents saying that if BP hit that mark, it would signal the time to place a long bet.

Many potential BP buyers, has even lower expectations for the stock. Approximately 17% of survey respondents said they would buy BP at $20. Another 19% of survey takers indicated that BP shares would have to dip below $20 before they became interested in the stock.

Lurking beneath all of the reluctance to step up and take a bet on BP is the view demonstrated by 17% of survey takers: hurricane fears might be overblown, these votes said, but when it comes to BP, hurricanes or no hurricanes, the stock is ultimately headed for bankruptcy.

BofA CEO Ken Lewis pressured by Fed

Bank of America CEO Ken Lewis heads to Capitol Hill on Thursday, and he’s likely to be grilled by lawmakers about the government’s role in ensuring that the bank complete its controversial merger with Merrill Lynch.

According to emails released Wednesday that pull back the curtain on heated negotiations, Federal Reserve Chairman Ben Bernanke had suggested to another Fed official that “management is gone,” if BofA managers tried to flee the deal and later on needed further government assistance.
Continue reading BofA CEO Ken Lewis pressured by Fed

Permanent Portfolio Fund – A Secure Mutual Fund

NEW YORK (Fortune) — Very few of the esoteric funds touted during the last boom protected investors from the severe downdraft of 2008, but some stumbled far less than others.
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Stocks down despite government bail out plan

NEW YORK (CNNMoney.com) — Stocks slumped Tuesday, with the Dow industrials ending at a 3-month low, as the government’s bank rescue plan failed to reassure investors burned by the 14-month old recession.

Treasury prices rallied, lowering the corresponding yields, and the dollar slipped versus other major currencies.

The Dow Jones industrial average (INDU) lost 382 points, or 4.6%, closing at its lowest point since Nov. 20, the date considered by many experts to have been the low of the bear market. The Dow had lost as much as 422 points in the afternoon.

The Standard & Poor’s 500 (SPX) index lost 43 points, or 4.9%. The Nasdaq composite (COMP) lost 66 points, or 4.2%.

The TARP announcement “was a huge disappointment,” said Stephen Stanley, chief economist at RBS Greenwich Capital. “There’s been an incredible buildup for weeks and then they release a plan that has little in the way of details.”

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