Making money in investments requires backbone. We call it risk taking. If you are willing to take an acceptable level of risk, you can usually make money. If you think you can somehow magically invest without risk you are banking, not investing.
Tune into the financial media and you’re guaranteed to hear an “expert” call the stock market’s bottom at least once a day.
Oil prices are down over 60 percent from their peaks just last summer. With the economy crumbling across the globe, most investors think buying an oil company is the same as suicide.
But not Adam Lass, writing for the Taipan Publishing Group. He readily points out that ExxonMobil made $45.2 billion in pure profits last year alone.
For a company producing enormous amounts of cash in a “Cash is king” economy, he recommends you stay long ExxonMobil.
President-elect Barack Obama’s transition team is reportedly putting the finishing touches on an economic recovery plan that could run from $675 billion to $1 trillion, though many experts believe the program will most like range between $700 billion and $800 billion.
MAN AG Buying VW Brazil Unit; Siemens Settles Probe for $2 Billion; Mattel Pays $12 Million for Tainted Toys; Ireland Banks Getting a Bailout; Housing Market Facing Confidence Collapse; Boeing Raises Dividend; U.S. Homes Lose $2 Trillion in Value
The Boeing Co. (BA). is pushing back the schedule of its troubled 787 Dreamliner jet program by about six months as it works to unwind delays caused by the recently concluded union-machinists strike, and by thousands of improperly installed fasteners on the first couple of jetliners on the production line. This puts the high-profile airliner program about two years behind schedule.
As the 2009 approaches, we look back to some of the free recommendations we’ve made to TFN eNews readers over the past year.
Our closed recommendations (i.e., stock recommendations with specific buy and sell recommendations), we recorded average gains of 24.1%, with an average holding period of 27 days.
Some gains in particular were truly stellar…
· 50.1% on Smith & Wesson Holding Corporation (NASDAQ:SWHC)
· 87.1% on National City (NYSE:NCC) Jan 2.5 calls
· 79.6% on Boeing (NYSE:BA) Feb 55 puts
· 190% on Boeing Aug 90 calls
· 55.5% on Rex Energy Corporation (NASDAQ:REXX)
But now it’s time to throw in the towel on some duds…
The shipping sector sank with the global recession. If you are still holding any, it’s time to unload shares of:
· China…
“Airshow China,” the huge aerospace trade show that’s known officially as the “China International Aviation and Aerospace Exhibition,” ended Sunday in the southern-coast city of Zhuhai. It was the seventh time the event has been held.
For The Boeing Co. (BA), the strike may be over, but the fallout continues. Just days after resolving an eight-week strike by 27,000 unionized machinist workers, the Chicago-based aerospace giant announced that the job action will force it to delay the first test flight of its problem-plagued 787 Dreamliner passenger jet until next year.
Lynn Carpenter says pension fund deficits could be a major threat to dividend payments. Legislation forces companies to keep private pension plans well funded, meaning some will have to raise large sums of cash at short notice. Lynn picks 9 firms that could soon be forced into making big dividend cuts.