All Posts Tagged With: "GOOG"

A Value Investor Looks at China

China is all the rage for the next few weeks as the Olympics are going on. Many are calling this China’s time to showcase itself to the world. I have a lot of friends and analysts who are big China bulls, believing that the next few years will see continued high growth in China, although less than the above 10% of the past few years.

Cisco Says ‘No Deal’ for EMC; Shares Jump on Better-Than-Expected Financial Results

Cisco Systems Inc. (CSCO), the world’s biggest maker of networking gear and the focus of a recent “Buy, Sell or Hold” feature in Money Morning, is not in any deal talks with any big companies, and apparently won’t be a bidder for data storage giant EMC Corp. (EMC), Cisco Chief Executive John T. Chambers told CNBC in an interview late yesterday (Wednesday).

Google: Internet Darling No More

As recently as last November, Google was priced at over $700 per share. But the one-time Internet darling seems to have lost some of its allure. Google took Wall Street by storm in August ‘04 when the stock debuted at an even $100 a share.

Global Investing Roundups Friday, August 1st, 2008

Bristol Myers Moves for ImClone; Kodak Earnings Fade; Diana Shipping Doubles Earnings; Crude Stumbles Again; Google to Start VC Fund; Primetime Ad Drama; MasterCard Slumps on Less Spending; S&P Says U.S. Car Companies are “Junk”

  • Bristol-Myers Squibb Co. (BMY) yesterday (Thursday) offered $4.5 billion in cash for biotechnology company ImClone Systems Inc. (IMCL), the Associated Press reported. ImClone’s board has yet to comment on the proposal, which offers its stockholders $60 per share, a 30% premium to its Wednesday closing price of $46.44. Bristol-Myers already owns about 17% of ImClone.
  • Eastman Kodak Co. (EK) said yesterday (Thursday) that second-quarter profit fell, as traditional film-based revenue slumped 14% to $847 million. Sales climbed 1% from $2.47 billion to $2.49 billion, and revenue from digital businesses rose 10% to $1.64 billion.
  • Light, sweet crude oil for September delivery fell $2.69 to settle at $124.08 a barrel on the New York Mercantile Exchange yesterday (Thursday). Prices are up 59 percent from a year ago, but have dropped 11% this month on concerns demand in the U.S. is pulling back.

Source: Global Investing Roundups Friday, August 1st, 2008

It’s Time to Keep Your Eye On More Than Just Hurricanes

The last time we checked in, I had written about a potential Dow Theory buy signal. Lo and behold, the very next day the indexes reversed and started moving higher. Primarily due to frantic short covering in the financial sector, it was still helped along by declining oil prices and a little government intervention in the short sale department.

How Your Online Business Will Be Affected by the Housing Bill

Small online businesses are in for a serious wake-up call in 2011, says Mark Nestmann in The Sovereign Society. This is because it will then become mandatory for all electronic payment systems to report sales data to the IRS. The agency will then be able to check these records against filed tax returns from business owners.

New Bull Market or Bear-Market Trap? Investors Look to Earnings Season for Clues

Earnings season will plug along this week as reports from several banks provide the latest insight into how well the beleaguered financial-services sector is weathering the global credit-crisis storm.

Slack Spending Means Bear Market Will Roar Some More

Are we seeing a bottom to the bear market?

US stocks are heading for weekly gains. This despite big quarterly losses results from financials Citigroup (C) and Merrill Lynch (MER) and missed estimates from tech giants Google (GOOG) and Microsoft (MSFT).

Think of it this way, says Penny Sleuth editor Wayne Mulligan: “If you want to know whether or not we’ve reached a bottom, then all you need to do is think about the consumer.”

A Significant Week for the Market

Here’s a quick heads up from Christian Hill at Investor’s Daily Edge on economic and earnings data due this week…

How ‘Dark Pools of Liquidity’ Affect Your Investments

We can almost hear that ominous Jaws theme music in the background, says Keith Fitz-Gerald in Money Morning. Secret stock exchanges known as “Dark Pools of Liquidity,” “Dark Liquidity,” or just “Dark Pools” are attracting increased attention. Most people have never heard of them. But they could have a big impact on your investments…

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