Written by Jason Martin on February 18th, 2008
Recently, I embarked on a journey to teach children about the importance of understanding money. I think it’s important to get them started young. One idea I had was to have them purchase one share of Disney stock and frame it.
As it turns out, some adults were asking me how they could do this as well.
Located in Stocks
Written by Jason Martin on January 31st, 2008
Last year I started looking into whether or not Yahoo (Symbol: YHOO) might rebound. I determined that if they did, it would be quite some time. And it looks like I was right.
This month has been particularly hard for Yahoo stockholders. Just one month ago Yahoo’s stock was at $23.80. Today, it fell to $19.18—a 24% decline. So we’ve got to ask the question. Just where is the bottom for Yahoo?
Located in Internet, Stocks
Written by Jason Martin on November 20th, 2007
Just a couple months ago Blockbuster (Symbol: BBI) looked to be on the way up. In fact, it did climb. But, the bottom fell out and it dipped down into the $3 arena.
Many investors have left for greener pastures, but one is taking advantage of the newfound value.
Located in Stocks
Written by Jason Martin on August 16th, 2007
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.
Located in Stocks
Written by Jason Martin on August 8th, 2007
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.
Located in Stocks
Written by Jason Martin on August 7th, 2007
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.
Located in Stocks
Written by Jason Martin on August 2nd, 2007
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?
Located in Stocks
Written by Jason Martin on August 2nd, 2007
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.
Located in Stocks
Written by Jason Martin on July 30th, 2007
Is Revlon (Symbol: REV) now a trade? In my June 14, 2007 article, “Revlon Remains Flat,” I told you that Revlon would stumble by 10-20% over the summer. It’s happened.
Revlon was $1.36 when I wrote that article and today it closed at $1.04—about 25.5% down. It’s dropped about 10 cents per share over the past couple of trading days.
While the company isn’t worth going long in, it might be worth trading. I think this trade is especially appealing for those with limited capital.
Located in Stocks
Written by Jason Martin on July 26th, 2007
Today Ford reported second quarter earnings of 31 cents per share profit, which surprised almost everyone. The market was expecting a net loss. However, this profit blip on the financial map doesn’t mean Ford is out of the woods.
If you recall, I wrote an article about Ford back on June 20, 2007 where I stated that the stock would decline as the company was in trouble. Since that time, Ford’s stock, which was trading above $9, has fallen to the $8 level.
Ford’s surprise helped the stock as share prices rose 1.51% to close at $8.09 Thursday. It’s up another 1% in after-hours trading, but that’s to be expected. Ford holders were starved for anything resembling good news.
Don’t expect Ford to report annual profits anytime soon. Ford said they don’t expect to see an annual profit until 2009—and that might be just a tad optimistic.
Located in Stocks