From Hurricane Pain to Investment Gain
May 24th, 2008 | By Sally Limantour | Category: Oil Investment & Alternative EnergyAs if there weren’t enough issues plaguing the world’s oil supply, hurricanes are now back on the list.
As if there weren’t enough issues plaguing the world’s oil supply, hurricanes are now back on the list.
In last week’s article, I talked about how becoming ‘green’ was turning into this great big fad. Yet, popularity aside, the economics of becoming green don’t really make sense.
I have a confession to make…I spend my weekends watching a lot of TV. So needless to say, I see a lot of the stupid commercials that get put on TV.
We’re in the middle of a recession and there are a ton of expensive stocks on the market. Are they worth it? I just did a search of companies with price-to-earnings (P/E) ratios of over 100. These stocks are pricey. Buying reasonably priced companies in the best of times can be tricky.
Jerry Yang, CEO of the world’s number two internet search engine company Yahoo! Inc., is doing his best to put a positive spin on Microsoft’s withdrawal of its bid for Yahoo!
But with Yahoo! stock tanking and rival search engine company Google continuing to out pace Yahoo! the question is whether Yang’s “what doesn’t kill you makes you stronger” is enough to revive the flagging internet giant.
With earnings season starting to wind down, investors are not anticipating many new surprises.
The broad market tone is mildly optimistic as another week comes to a close. The Dow, the S&P, and the Nasdaq 100 have all broken above clear resistance levels; the Dow having done so more convincingly than the S&P, with the Nasdaq’s breakout the strongest of the three.
Another multibillion-dollar write-down hits the Street. China gets chopped in two… Shanghai Composite erases 2007 gains. Rice at another record high… U.N. warns of coming “silent famine,” food rationing hits U.S. soil. Euro near $1.60… global finance chiefs grow tired of the declining dollar.
Don’t know the first thing about trading currencies? No problem. You can still invest outside of the falling dollar – even with just a normal stock brokerage account. Let’s look at some great ways you can get in on the foreign currency markets, and actually profit from the dropping dollar.
The bulls found a home in Google on Friday. The stock price rose nearly $90 a share, on reports of 42% revenue growth in the first-quarter, bringing $28 billion in share-holder wealth to Wall Street. No doubt this Google news was welcomed in the face of staggering losses in the financial industry.
And Rick Pendergraft sees Google continuing it’s search and advertising dominance online even against the possible combination of Yahoo and Microsoft.