Filed under: Before the bell, Major movement, International markets, Indices, ColumnsWas yesterday's decline in the market really a correction? Correction is a vague term that market pundits and the media throw out when they aren't quite sure what's going on. Yesterday was no exception.Part of the problem is that people define a market correction like art. They know it when they see but they just can't really explain what makes one decline a correction and another a down day.My old employers at Bloomberg News define a correction as "reverse movement, usually downward, in the price of an individual stock, bond, commodity or index. If prices have been rising on the market as a whole, and then fall dramatically, this is known as a correction within an upward trend."On ...
February, 2007
Filed under: After the bell, Chicago Merc Exch Hld'A' (CME), Watson Pharmaceuticals (WPI), OptionsThe U.S. markets bounced back after yesterday's sell-off following the Chinese example. Indexes were mildly up across the board. Fourth quarter GDP was revised down from 3.5% to 2.2%. January new home sales also fell 143,000, or about 15%. I had the feeling that investors paid little attention to the economic data and were more just glued to their screens watching the market action. The NYSE had volume of 3.8 billion shares with 2,111 issues advancing while 1,204 declined for a loss of 45.13 to 9,124.54. On the NASDAQ, 2.6 billion shares were traded, 1,667 stocks advanced and 1,398 declined for a gain of 8.27 to 2,416.13.Stocks on the move included Watson Pharmaceuticals Inc (NYSE:WPI), ...
This is post one of two in a series explaining how just three simple tips can help lower your car insurance rates.
Adequate car insurance is very important. However, it is not always cheap to keep your vehicle adequately insured. Finding car insurance for a great price can be a difficult thing to do, but there are a variety of ways that you can help decrease your car insurance rates. If you want to lower the premiums that you’re paying for your car insurance, there are a few simple things you can do to get a better deal, including driving safely, decreasing the miles you drive, and comparing insurance plans.
Drive Safely
One of the most effective ways to get low rate car insurance is to start driving safer, which includes slowing ...
Filed under: Newspapers, Internet, Blogs, Cisco Systems (CSCO), Columns, Books, Bargain stocksI have been following Cisco Systems, Inc. (NASDAQ: CSCO) since it went public in the early 1990's. The one adjective that I never thought would apply to Cisco Systems is -- it's a bargain. The growth machine that Cisco was in the 1990's, early 2000's, of course hit the wall and with that wall came a crashing stock price. That was then, this is now.Cisco systems is so dominant in the world of networking systems and communications that growth from the customer base came into question these past few years. Cisco has been the ultimate in re-defining the research and development (R&D) model in technology. Cisco is the master of development and the biggest acquirer of the ...
Filed under: Other issues, Bad news, Coca-Cola (KO)On November 23, 1985 -- during Pee-Wee Herman's golden era -- actor Paul Reubens hosted NBC's Saturday Night Live, and participated in a skit where his beloved Dinosaur Town Theme Park, threatened by foreclosure, needed a fast $1 million to stay afloat. Pee-Wee's solution: Find a mouse in a Coke bottle. With help from his pals, he dumps bottle after bottle of Coke into a basin until they find that elusive mouse. And when they find him -- yep -- The Coca-Cola Company (NYSE:KO)'s men in black burst in with a briefcase full of money. Dang, those 80s.For some, the joke has not aged well. Especially considering that in this day and age, in this fair country, Montana resident Bob Craft ...
Roger Nusbaum submits: "Two Days Before the Day After Tomorrow"The above title (think about that one) refers to a South Park episode about global warming.There is obviously a fair bit of heat on global markets right now.The reason I bring it up again is to reiterate my belief (and by extension how I act on
Roger Nusbaum submits: Last week I mentioned the Latvian lat (the currency there) as being vulnerable to some sort of Iceland-like episode. This morning I found this article in the International Herald Tribune about the same thing, and also mentions a couple of other countries in the region that are less at risk but at
Filed under: Deals, Products and services, Lockheed Martin (LMT)Lockheed Martin Corporation (NYSE:LMT) announced several pieces of new business last week. They began delivery of the U.S. military's new Lightweight Prime Mover vehicle. They won a contract to provide live and virtual training to the Kuwaiti National Guard. And the FAA invited them to propose solutions for development of a new system that would allow the nation's air system to navigate and coordinate via GPS data instead of radar. The Lightweight Prime Mover, designed to tow 155-Howitzers, can move up to 80 mph and, with a unique tire inflation system that increases ground clearance to 21 inches, can tow loads up to 10,000 lbs. over extreme terrain. The company hopes to receive an order for 160 more of the ...
William Trent submits: For some reason, the latest fashion appears to be issuing convertible notes. The practice allows companies to reduce the apparent share count, but assuming the share price rises (which stockholders are presumably rooting for) the shares will just come right back. We’ve seen this with Ceradyne (CRDN) and Finisar (FNSR),
FP Trading Desk submits: While the rest of the market pulled back, shares of RadioShack Corp. (RSH) jumped on Tuesday as investors overlooked declining same-store sales and were encouraged by the company's cost-cutting efforts to date.RadioShack's fourth quarter earnings per share of US62¢ came in well ahead of Deutsche Bank's estimates.The firm has raised its
