Yesterday I mentioned that I couldn’t find a compelling reason to go long on Fannie Mae (FNM, $4.40, down $1.61) and Freddie Mac (FRE, $3.20, down $0.92) although the payoff could be huge. The problem was the risk. Even though the long call options were cheap, the fact that bankruptcyRead more
Fannie and Freddie: The Other Side of the Coin
Timing is Everything
Financial Stocks Weaker
Harley-Davidson Stopped Out
Home Depot Falls After Earnings Announcement
More on Oil
Lowe's Beats Street
In a day that saw the Dow drop 180 points, Lowe’s (LOW, $24.54, up $0.04) reported 2Q earnings that beat Wall Street’s estimates and its stock held steady. We all knew the housing market would still have an affect on Lowe’s but considering the circumstances, Lowe’s earnings report was actuallyRead more
Harley-Davidson Revs Higher
Weekly Recap
The market ended another week mostly higher as oil continued its decline and the dollar once again had another strong showing. The finance stocks continue to be volatile but there were no major surprises as most of them held steady despite the debate that continues on what is their fairRead more