There’s a temptation (read: greed) to jump into BP’s stock now that oil isn’t spewing freely into the Gulf, but that’s not a wise play.
Listen to enough financial TV or radio programs and you’re likely to hear at least a couple of “analysts” suggesting that BP is a good play. After all, it’s down tremendously off its 52-week lows and the oil spill disaster is over, right? Not so fast. Here are seven reasons why you might want to put your money elsewhere.
Verizon (Symbol: VZ) is one of the companies I’m looking at for the Financial Rebel Fund. Smartphone use is growing fast in 2010 and since it’s still a small part of the overall mobile market, there’s plenty of room for growth.
In the United States, two companies usually come to mind when thinking of mobile phone networks: Verizon and AT&T. I’ll be covering AT&T over the weekend.
Note: As of this writing I do not own stock in Verizon.
All this week I’ve been hearing a lot about Tesla Motors (Symbol: TSLA) and their nice-looking EVs (snazzy way of saying electric vehicles). Cool looks aside, does this stock have anything under the hood?
Despite the prospectus discussing possible sales growth, there’s more competition on the horizon. TSLA reached a high of $30.42 per share on June 30 and closed trading on Friday, July 9, 2010 at $17.40.
Blockbuster recently got delisted from the NYSE and for me it was a prophecy fulfilled (of sorts). Back on July 18, 2008 I wrote a post about the coming doom of the stock “Blockbuster—Going Anywhere?” and it sure has come true.
Citigroup (Symbol: C) is one of the stocks I keep tabs on. Once a high-flying stock, it’s been reduced to the dollar bin. But there are some signs that it might be poised for future growth. And more importantly, will the Treasury Department complete its selling activities in 2010?
Perhaps it’s the fact that CNN.com and other networks are not currently covering the BP situation as much or that hope springs eternal in the back half of 2010, but investors appear to be getting bullish on BP (Symbol: BP).
Yesterday, I was researching various Chinese companies for possible investment. My searching took me over to Fool.com for an article about Harbin Electric Co. (Symbol: HRBN) Various comments over there talked about how this stock around $17 was “bottom fishing” and “likely to perform well.” But then I looked at the chart.
While the fundamentals might look interesting and recent price memory has the average investor thinking it’s a deal, the chart is telling another possible story. It’s worth noting that the “Caps Rating” over at Fool.com is 4 out of 5.
Is Verizon (VZ) poised for a big business bounced? For quite some time we’ve all speculated that Verizon might end up with an iPhone to sell—putting an end to AT&T’s (T) exclusivity. Today, it’s been reported via Barclay’s that Verizon could indeed start selling the iPhone 4 early next year.
Apparently Sears is going through a midlife crisis. It’s aging, but it wants to be hip. Sears Holdings Corp (SHLD) is going to start offering movie and TV show downloads.
Is this really going anywhere? Apparently Sears is pretty serious. They have partnered with Sonic Solutions (SNIC) and will install the RoxioNow™ platform on many electronic devices sold through Sears and Kmart stores.
It’s the calm before the fury. Next week will be huge for the market as many big companies are reporting earnings.
Will we see forward momentum due to good earnings surprises or will we hit a brick wall? One thing is for sure; next week is shaping up to be very entertaining and pivotal.
Take a partial look at the slew of companies reporting earnings next week:
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Email: jmartin@financialrebel.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. I also run a currency trading blog over at CapitalistNation.com.
Jason