The Great Tax Selling Myth
At the end of the year much of the selling in the market is to lock in loses made by bad bets on stocks which went the wrong way. The theory goes that, as…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 426Europe Markets 1/2/2008
Markets in Europe were mixed at 6.15 AM. The FTSE was up .6% to 6,497. Barclays (BCS) was up 2.3% to 515.50. Prudential (PUK) was down 1.1% to 704.5. The DAXX fell .1% to…
AT&T (T) Looks Overseas For Growth
Shares in AT&T (T) are up 70% over the last two years. The S&P is up less than 20% for that period. But, the big telephone company may not be able to duplicate its…
United Technologies (UTX) Goes Solar
United Technologies (UTX) has done well for investors. Its shares are up over 35% during the last two years. Its larger peer GE (GE) is up only 5% during the same period. But, UTX…
Kuwait, China, 3Com (COMS) And What Foreign Funds Can Buy
As the year turns two pieces of unrelated news may turn out to be part of the same fabric. Kuwait has announced that its sovereign fund will begin to cherry pick US companies that…
December May Wipe Out US Car Company Progress, Cast Shadow On 2008
It looks like December will be another ghastly month for US car companies. Based on a survey of auto analysts by Bloomberg, units moved by the old "Big Three" could drop 7% or so…
Media Digest 1/2/2008 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, AT&T (T) may take a stake in Malaysia’s TM International Reuters writes that weak Wall St. bonuses may cut into some luxury spending. The Wall Street Journal reports that some money…
2008 Corporate Resolutions: Firing Your Bad CEO’s (BSC, BSX, CFC, FINL, MMC, MNI)
2007 has been a volatile year in the stock market, but there are many key technology CEO’s who just aren’t making a passing grade. 247WallSt.com has issued a brief list of some recognized CEO’s…
The Earnings Gravy Train Jumps The Tracks
Year-over-years earnings for US companies have been rising since Cro-magnon man emerged from the forests of Europe 40,000 years ago. It appears that the streak is coming to an end. Based on data from…
Google (GOOG) And Yahoo! (YHOO): Newspapers Are Not Dead
Yahoo! (YHOO) has made a big deal about its deal to sell online advertising for almost 200 US newspapers. It will also index their content to run on the big portal. According to The…
A Vonage (VG) Settlement Does Not Save The Company
Vonage (VG) settles a patent dispute with a larger company about once a month. The latest one was with Nortel (NT), a broken telecom equipment supplier which has plenty of problems of its own.…
PHH (PHH): Another Private Equity Deal Falls Apart
The Blackstone (BX) and GE (GE) buy-out of mortgage and vehicle leasing company PHH fell apart. The reason given was lack of availability of financing. In truth, PHH (PHH) is in a business that…