All Posts Tagged With: "US stocks"

Why We Could Be Near a Bottom for Stocks

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. 

The Curve in the Road

The “Bailout Plan” was passed. Will it work? The answer depends on what your definition of “work” is. If by work you mean no more government intervention and no further costly programs and a functioning market, then the answer is no. But there are things it will do.

Hold Altria (MO) for Solid Dividend Payouts

As corporate earnings slump companies are cutting back on dividend payments to shareholders. In fact, 3Q 2008 is set to be the worst quarter in over half a century for dividend cuts.

Andrew Snyder says this creates a great opportunity for contrarian investors. As stock prices tumble, the ratio of dividend payouts to stock prices increases. This gives “smart investors a shot at some great low-priced, high-yield equity plays.”

Andrew says Altria Group (NYSE:MO) is a great option for dividend-seeking investors.

Wipeout! Dow Plunges Below 10,000 Mark

Remember when 11,000 was the “psychological barrier” for the Dow? Well, today the index broke below 10,000 points in one of the most dizzying falls in history.

In the first 30 minutes of trading, investors had pushed the Dow industrials down over 300 points. This from AP:

Wall Street tumbled Monday, joining a selloff around the world as fears grew that the financial crisis will cascade through economies globally despite bailout efforts by the U.S. and other governments.

Why Bank of America (BAC) Will Triumph in This Crisis

It takes big cojones to invest in the US banking sector right now. Barely a week passes without another financial giant hitting the wall. The sector has been one of the worst hit this year.

But are there firms that will benefit from the wholesale restructuring of the industry? Money Map editor Horacio Marquez says Bank of America Corp. (NYSE:BAC) “will jump from merely being one of the largest banks in the world to being a commercial-and-investment banking powerhouse.”

Horacio recommends using short-term volatility to buy BAC shares on market dips to gradually build up a long-term position by the end of the year.

Looking Beyond the Bailout

Can I start by suggesting that we start calling this something besides a bailout plan? This is not a handout to Wall Street, it is an investment by the government. The term bailout has rightfully earned a negative connotation over the past year. The purpose of this article isn’t to argue the semantics of “the plan”, but rather to look beyond any plan and what impact it will have on the market and the economy.

FOMC Minutes Will Get The Most Attention, Earnings Are Upon Us Again

The economic calendar this week isn’t particularly exciting, but coming off the pain inflicted on the markets last week, that could be a good thing. The market will have its hands full with earnings season starting up again, so a full week of reports could have been dangerous.

Wells Fargo and Citigroup Continue to Battle for Wachovia

The battle for battered bank Wachovia Corp. (WB) is heating up with Citigroup Inc.’s (C) win of a court order to extend negotiations, while Wells Fargo & Co. (WFC) contends its merger agreement still stands.

Citigroup Takes Issue with Wells Fargo Bid for Wachovia

Wells Fargo & Co. (WFC) Friday agreed to buy all of Wachovia Corp. (WB) for about $15 billion in stock, however, Citigroup Inc. (C), which had already agreed to buy Wachovia’s banking operations, immediately issued a protest that could jeopardize the deal.

Ignore the Economic Reports

The economic releases now and for the immediate future will be weak. “that’s a given, says William Patalon III in Money Morning. Therefore, investors should give them a passing glance, evaluate the consequences and potential remedies, and move on. In fact, the bigger picture should focus on how to correct these assorted problems.

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