Merrill, JPMorgan, Goldman Sachs
There were lots of bad news for the financial sector lately. Just few days ago, Lehman Brothers posted a quarterly loss of 2.6 billion. As a result, many stocks (especially financials) went down. Yesterday, Goldman Sachs spread rumours that there could be further writedowns when they report earnings next week, on June 17. Next week [...]
Tagged as: Earnings, financials, goldman sachs, jpmorgan, lehman brothers, market, merill, oversold, writedownsGarmin GPS Market
Garmin’s shares have been plummeting steadily ever since the last quartely report. IMO, I think it is merely an overreaction from the bad earnings and future guidance of the previous quarter. Garmin is a great company because of the superior management and healthy balance sheet. It is also very innovative with many of its products [...]
Tagged as: competition, Earnings, garmin, gps, innovative, management, margins, market, overreaction, salesUS Economy Loses Ground
The whole market is down at the moment. It is not just individual stocks, it is the whole market. As mentioned last week, Goldman Sachs sees US recession in 2008. The root cause of this is the Subprime Crisis in summer 2007, which leads to the housing downturn. This had indirectly affected most of the [...]
Tagged as: cheap, citigroup, consumer spending, decline, down, Economy, goldman sachs, housing, intel, loss, market, recession, retail, shaky, subprime, uncertainty, us, volatilityAnother Bad Day on the Stock Market
Lately the stock market is not doing too well. The US economy is struggling due to its weak currency, housing woes, and subprime credit problems. Many of the stocks lost a lot of value and they became very cheap right now. If you think about it, now it may be better to go short rather of [...]
Tagged as: cheap, countrywide, credit, etrade, housing, market, recover, short, subprime, weak currency