In the News today
Amazon 2nd quarter profits tripled due to US sales and demand. Share prices of Amazon up by 19%
SEC is voting today whetehr shareholders have a say in electing board members
Dow Industrials down due to bad news on mortgage lenders
Apple share are down by 6.1% ever since AT&T reported figurees for Iphone. Im guessing I should
Pepsi rolling out two health and water based drinks.
GE is announcing 1.8bn in energy related orders
Today Oil is down by $1.33 at $73.56
and DJIA is down by 226.47 points
Financing for Chrysler and Alliance Boots buy outs has gone into some trouble ever since banks are failing to sell loans despite offering investors high interest rates.
Major news that I found interesting is that since the subprime mortgage bond market is spiralling down, more pple are now interested in investing in equity market.
but what should we be investing in, its still a major decision
A brief look at world economies
"Beijing raised the limits for overseas investment by Chinese insurance companies on Wednesday to 15 per cent of their assets" making more money available to enter global markets. (so is it more investment coming in from china to US - i.e further appreciation of chinese renminbi. but then again china is known for keeping their currency level low. and i think it will continue to be undervalued)
ok so now im going to pick 3 stocks from the list of earnings taht are supposed to comeout tommorow based on my research. im using long strategy and as time goes by i will probably short sell too. this is part of a simulation so no real money (the fact that im not so confident about my investment and secondly i dont have that much money). neway, im hoping there ewill be a higher than expected return for the three companies. and great virtual profits :)
07/25/07 APPLE INC (AAPL)
137.26 100 0.00 137.26 13726.00 0.00 0.00 Apple
07/25/07 APPLE INC (AAPL)
137.26 200 0.00 137.26 27452.00 0.00 0.00 apple
07/25/07 COMCAST CP A (CMCSA)
28.54 300 0.00 28.54 8562.00 0.00 0.00 comcast
07/25/07 EXXON MOBIL CP (XOM)
92.79 100 0.00 92.79 9279.00 0.00 0.00 Exxon Mobil
Long Portfolio Subtotal 59019.00
Short Portfolio Subtotal 0.00
Cash Account Subtotal 40921.00
Portfolio Total 99940.00
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Its the economy, stupid
This is in no way a recommendation for any asset class(stock picking etc etc). this is really my opinion and sort of like a consolodiation of the information i read . from time to time i will think outloud and possibly track some stocks and that doesnt mean im endorsing them or am giving recommendation or that i know of any company/bank that is endorsing it. it is solely my opinion. and its more wrong often than right. that being said, i welcome others opinions and advices.
