The peaks and valleys were hard to count yesterday as the Dow Jones Industrial Average struggled with some bear-like descents and many optimistic inclines. Ultimately, the optimists won as the Dow closed at 9,939.98 up 123.49 points from Monday. Monday’s announcement by the British Prime Minister that the financial situation […]
Yolander Prinzel
371 posts
The Dow Jones Industrial Average was conflicted today as it edged up and down with significant swings throughout the morning. News of Goldman Sachs’ (NYSE:GS) subpoena for financial records resulting from the company’s lack of compliance in responding to The Financial Crisis Inquiry Commission requests did little to help the […]
This week, manager Andy Schornack added a few new positions to his portfolio. Andy uses a bottom-up approach to investing, which means he looks at the strength of individual stocks rather than predicting what sectors might be affected by the broader economy. He also focuses on the real estate and […]
European and Asian markets were unable to retain their foothold on gains Friday and all but the Shanghai Composite closed down thanks to the growing concerns that surround the European economy and Hungary’s debt. But there was good news—the Euro was up and BP announced that it would be able […]
Manager John Ballard, who has a fundamental buy and hold portfolio, scooped up some DreamWorks Animation SKG Inc. (NASDAQ:DWA) stock this week. With a recent decline in revenue and the much anticipated release of its final movie of the Shrek franchise underperforming expectations, DWA has slipped out of investor favor over […]
U.S. investor optimism reached across the pond yesterday and as a result, most European and Asian markets closed with moderate gains on Thursday. In even more good European news, the Euro continued its rise while the dollar declined. Unfortunately, central banks in Europe are not betting on these gains as […]
Despite a global economic crisis, a less than stellar success rate for stopping the oil leak in the Gulf, and the introduction of hurricane season, investors on Wednesday pushed the Dow Jones Industrial Average up to a 225.52 point increase closing at 10,249.54. Even news that AT&T (NYSE: T) was […]
With all Asian and European markets (except Germany’s DAX) down on Tuesday and the Euro reduced to a 4-year low, U.S. investors shifted easily and resolutely into sell mode early this morning. Within just minutes of opening, the Dow Jones Industrial Average dropped over 90 points below Friday’s close. By […]
The market had a rocky day on the last trading day of May as Fitch downgraded Spain’s bonds from an AAA rating to an AA+ rating. Although that is still a good rating and Fitch still considers Spain’s debt to be “stable” the downgrade was enough to throw the U.S. […]
Manager Douglas Estadt is a manager who focuses his short-term holding model on companies with growth stories that are credible but whose price in the market shows that they are still under-valued. This week Douglas bought Baidu Inc (NASDAQ:BIDU). At just over 72, BIDU’s price to earnings ratio is pretty […]
Asian and European markets ushered in a second consecutive day of gains on Thursday, laying the foundation for the U.S. markets to follow suit as the Dow Jones Industrial Average closed at 10,259.51, a gain of 285 points. The Nasdaq was up 81 points and the S&P up 35. This […]