Andrew Snyder says that in today’s market it is vital to invest only in the companies with the best chance of survival. Prestige Brands (NYSE:PBH) gets little attention, but it has strong sales, a solid balance sheet and an undervalued share price. Andrew says this makes it one of the best stocks under $10 in the market right now.
Investors need to be ready for a downright nasty earnings season. Already, we are seeing some companies cut their earnings estimates by drastic proportions. If you are not prepared, it could get painful.
Can you hear that, Blockbuster (NYSE: BBI)? It’s the sound of obsolescence. With the news that LG Electronics will be producing high-definition televisions that will stream movies from Netflix (Nasdaq: NFLX), you can add another nail in the coffin for Blockbuster.
Given the implicit government guarantees, Eric Roseman says it is likely that investors will soon start to switch from low-yielding Treasury bonds to high-grade corporate debt. The Fed’s balance sheet is now polluted by the toxic debt it has taken on from banks. And demand for Treasuries will not keep pace with the deluge of supply in the coming year. Eric says this could make investment grade corporate debt the new safe haven in bonds in 2009.
While most companies are bracing themselves for difficult times in 2009, Yum! Brands Inc. (NYSE:YUM) is aggressively expanding its international operations. The fast food group has China at the core of its growth strategy for 2009. Mike Caggeso says this could make Yum! one of the most promising investment stories in the coming year.
Warren Buffet has shown the prowess of his trading strategy once again. Not only did he walk away with over $1.5 billion in his pocket earlier this week, but now his prized investment in Coca-Cola (NYSE:CCE) is jumping in value.
Tribune Files for Bankruptcy; Dow Cuts 5,000 Jobs; Pay Cut for Morgan Stanley Execs; Sen. Reid Scolds Thain’s Bonus Request; AB InBev to Cut 1,400 U.S. Jobs; China Offers Petrobas $10 Billion Loan; McDonald’s November Sales Soar
Ecuador, Ghana and Tunisia are the only equity markets up in 2008. But Marc Lichtenfeld says there are still profit opportunities closer to home. Many undervalued US stocks are due a rebound in 2009. Marc picks seven proven survivors that are among the biggest and best in their fields. He also selects two small caps that are well place to lead a market recovery next year.
Andrew Snyder says the temporary economic pain of allowing General Motors (NYSE:GM) to fail is better than propping up a lost cause with public money. He says its time to let GM go and allow the process of creative destruction to work freely.
Forget about the office Christmas party this year, says Bill Bonner. That’s if you are lucky enough to still have a job. Throughout the country, businesses and households are cutting costs. And this is only the beginning. Bill says the Obama government will try to take up the slack in the economy. But that will just create more debt problems in the long term.
