The markets in Asia are all fairly bullish. The markets in Europe are mainly bearish.
Terry Semel is finally out at Yahoo. Things can only get better for the internet giant.
Construction of new homes fell sharply in May. Things continue to get worse for the housing sector.
Best Buy sees big drop off in profit and cuts annual forecast. Sign of retail weakness ahead and perhaps a good time to sell RTH.
Showing posts with label YHOO. Show all posts
Showing posts with label YHOO. Show all posts
Tuesday, June 19, 2007
Wednesday, June 13, 2007
Recap
The bulls came out to play and the bears ran away. -
The bulls put on quite a show today and from the get go pretty much wrecked any chance the bears had of gaining control. Strong retail sales and a Beige Book reading signaling growth revitalised the bulls. The Dow up 187 , S&P 22+ and the Nasdaq 32+ was the final count. Mining,Oil, construction, utilities, banking and transports led the way while airlines and healthcare lagged.
Chipmakers are suffering the effects of declining prices. Prices have been effecting chips for quite a while and I believe a bottom is in.
Blockbuster low price subscription strategy is validated by Wallstreet and the stock price is soaring. Netflix though continues to lose ground. NFLX though might actually be a good buy based on constant buyout rumors. The stock price is only a few percentage points above 52 week lows.
Semel of Yahoo continues to defend himself and his lofty $71 million pay package against irate shareholders. A smart hedge fund or private equity outfit may consider buying into YHOO forcing Semel out and getting the company turned around. YHOO suffers from poor leadership and this Semel guy is a Silicon Valley boob. He doesn't know jack about tech and his leading style is the kind you learn from the back of cereal boxes.
Oil prices are up and thus the oil sector outperformed as gasoline inventories fell. Oil needs to break decisively in a single direction. This $61 to $67 dance is getting annoying.
A nice clip showing what happened to market bears. Or in this case a solitary bear cruising the streets of LA in his Monte Carlo.
The bulls put on quite a show today and from the get go pretty much wrecked any chance the bears had of gaining control. Strong retail sales and a Beige Book reading signaling growth revitalised the bulls. The Dow up 187 , S&P 22+ and the Nasdaq 32+ was the final count. Mining,Oil, construction, utilities, banking and transports led the way while airlines and healthcare lagged.
Chipmakers are suffering the effects of declining prices. Prices have been effecting chips for quite a while and I believe a bottom is in.
Blockbuster low price subscription strategy is validated by Wallstreet and the stock price is soaring. Netflix though continues to lose ground. NFLX though might actually be a good buy based on constant buyout rumors. The stock price is only a few percentage points above 52 week lows.
Semel of Yahoo continues to defend himself and his lofty $71 million pay package against irate shareholders. A smart hedge fund or private equity outfit may consider buying into YHOO forcing Semel out and getting the company turned around. YHOO suffers from poor leadership and this Semel guy is a Silicon Valley boob. He doesn't know jack about tech and his leading style is the kind you learn from the back of cereal boxes.
Oil prices are up and thus the oil sector outperformed as gasoline inventories fell. Oil needs to break decisively in a single direction. This $61 to $67 dance is getting annoying.
A nice clip showing what happened to market bears. Or in this case a solitary bear cruising the streets of LA in his Monte Carlo.
Friday, March 23, 2007
PRE MARKET
The markets are mixed across Asia and Europe this morning . The Dow and Nasdaq are looking to open moderately higher.
Home resales across the US declined for the first time in 3 months. Not a big surprise there.
Yahoo is on a roll with its new Panama Program. Is the new pair trade short Google, Long Yahoo ? It was the other way around for most of last year.
Oil prices continue to head north.
Genentech reports flat sales for the 1st quarter. Shares drop.
Nike reported some soft sales yesterday evening but saw global growth.
Home resales across the US declined for the first time in 3 months. Not a big surprise there.
Yahoo is on a roll with its new Panama Program. Is the new pair trade short Google, Long Yahoo ? It was the other way around for most of last year.
Oil prices continue to head north.
Genentech reports flat sales for the 1st quarter. Shares drop.
Nike reported some soft sales yesterday evening but saw global growth.
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