The proposed settlement failed and now American Airlines has taken legal action against Google (Symbol: GOOG). The lawsuit is based on Google’s sponsored ads.
According to AA, when a search term that’s trademarked by American Airlines is entered into Google, rivals of American Airlines are also shown in the “sponsored links” section.
The stock market is fierce right now. Many on Wall Street are talking about how they’ve never seen a ride like this. Even the pros are having a tough time. But, is there money to be made?
I’ve been following Hovnanian Enterprises (Symbol: HOV) for some time and it’s been a trading bonanza of late. Just today, the stock dropped to $10.83 and then rose to a close of $12.57.
In after-hours trading, HOV dropped 7% to $11.68. Tomorrow could be another good day to trade this stock.
Revlon (Symbol: REV) reported a second-quarter loss of $11.3 million, or two cents per share, Wednesday.
President and Chief Executive David Kennedy cited multiple reasons for the smaller than expected loss.
Sales growth, benefits from restructuring actions started last year, and cost control shaped second-quarter performance, Kennedy said.
Revlon surged upward on the news. Shares roses 12.5% and closed at $1.17 on Wednesday.
Reader Question:
Six Flags (Symbol: SIX) had been hammered in 2007. Has everyone jumped ship or is there more downside?
Financial Rebel Answer:
First, it’s foolish to look for a bottom. The bottom is $0. Instead, look for a stock that has bottomed and is recovering.
As to Six Flags, I’ve been following this stock for quite some time and I’ve made money with it. Back when “the accident” occurred, I knew it was time to get out. Since that point, the stock has been down.
It’s a play on the buzz of the future—clean tech—more specifically, solar power. But, how far away from viable solar power are we really? Probably further than you think.
First Solar (Symbol: FSLR) is a classic example of what Wall Street mojo can do. In late May 2007, First Solar started its amazing bull run to $120. But why?
The stock is traded on unbelievable buzz—and momentum works both ways. Recently, First Solar announced earnings of $0.58 cents per share, which shows incredible improvement over last year’s $0.05 cents per share loss. Or does it?
Subprime is threatening to take every stock in its path down. It’s August. The financial media outlets can’t figure out what the market will do tomorrow. Rumors and weather pattern changes are causing stocks to plummet and turn on a dime. That can mean only one thing. It’s a great time to trade.
Call me crazy, insane, out to lunch or perhaps brilliant, but I love this market. It’s better than finding out that you’re the next contestant on the Price is Right. Come on down.
Traders love volatility and this market is serving it up like a grocery store with an overstuffed freezer full of meat that’s about to go bad.
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Email: jmartin@jasonamartin.com
My name is Jason A. Martin and this is my investment blog. Back in Jr. High School I fell in love with an electrical wiring company's stock on Wall Street. After following the stock daily in the papers—the Internet wasn't around back then—I sent them a letter and they sent me back all sorts of wonderful information about their company.
In High School, we had a stock market contest. All the kids were picking companies that made stuff they consumed. When I announced my beloved company, I was laughed at. Little did they know that my company was going to be the subject of a takeover soon.
Long story short, I won the contest and have made money in the stock market, through real estate investing, currency trading and so forth.
I hope you enjoy Financial Rebel. If you do, please leave your comments and share this site with those you know.
Jason
