The International Association of Machinists and Aerospace Workers Union will vote this Saturday on whether to end its two-month strike against The Boeing Co. (BA). A tentative agreement to end the strike was reached Monday.
Unprecendented government action is beginning to thaw credit markets. Commercial paper is being traded again. But this credit crisis is far from over, says William Patalon III. The trickle of finance will only reach top-grade companies. The weak will either go bankrupt or be swallowed up by their healthier rivals.
Consumer prices held steady as the credit crisis took a toll on the sluggish U.S. economy and dampened inflation. The Labor Department announced yesterday (Thursday) that the Consumer Price Index (CPI) was unchanged in September after declining 0.1% in the prior month.
Alcoa (NYSE:AA) kicked off 3Q earnings season yesterday with some ugly data. Its share price tumbled to a 13-year low on the news. Andrew Snyder says this is just the beginning for the aluminum giant. More losses are likely to emerge as more earnings reports are published. Andrew says investors should look for buying opportunities amid the violent swings in individual stocks.
William Patalon III says the US economy is heading into recession and there is little the Fed or Treasury can do to stop it.
But that doesn’t mean contrarian investors can’t make a profit. History is littered with examples of investors that made a fortune during the darkest days for the economy.
William has a four-point plan to beat the bear this time round: 1) Load up on high dividend stocks; 2) Buy gold; 3) Stick to ‘global titan’ companies; and 4) Stay relaxed…
You’d be right to be alarmed by the current slump in US stocks. But spare a thought for investors in other countries around the world. Most places – it turns out – are suffering even more than America.
According to Andrew Snyder, this is because the “United States is a financial powerhouse and will remain one throughout this crisis and far beyond.”
Andrew says America’s capitalist backbone will ensure it recovers faster and stronger than its competitors. And when it does, mega-companies like Boeing (NYSE:BA) will soar. Andrew says the company’s tumbling share price now leaves it poised to spring back when the panic is over.
What is next? It’s the question everybody is asking right now. And it’s a tough question to answer. solution is becoming more and more obvious with each passing day. However, Andrew Snyder in Today’s Financial News says the answer could be that we are close to a bottom in equities. But there is likely going to be some more “whipsaw action” over the next few months.
US stocks have tumbled again today in the absence of a deal on the bailout plan.
Andrew Snyder says the current “neck-breaking” volatility creates great profit plays for contrarain investors. He recommends using puts to bet on further downside for Boeing (NYSE:BA).
To hedge, he advises investors buy call options on National City Corporation (NYSE:NCC). This bank has a solid balance sheet and could soar if the $700 billion bailout is passed in Congress.
Wall Street is on its knees, and the taxpayer is on the hook for well over a trillion dollars to prop up the financial system.
Meanwhile, the wider US economy is sliding into a recession.
William Patalon III says there are four solid ways to protect your portfolio from these forces: 1) Buy dividend-paying stocks; 2) Buy gold; 3) Buy companies focused on overseas market; and 4) Don’t panic…
William Patalon III says Boeing (NYSE:BA) faces a difficult period of negotiations to end a machinist strike that could last more than a month. With Wall Street estimating daily losses of $100 million in sales, this could seriously damage the company’s finances.
