What a difference a week makes. If you have been a regular reader of the blog then you know how bearish I’ve been about the financials since we started the blog in April 2008. It’s been amazing to watch the stock prices of some of the most powerful names youRead more
It's All About the Financials
2008 – A Year Hit By A Truck
Index 1. Commentary 2. Financial Sector Takes a Beating 3. Options Versus Stocks 4. Current Trade Updates 5. Alcoa and Caterpillar 6. Schlumberger 7. Volatility Index 8. Mortgage Rates Drop Like A Rock 9. Closing Thoughts ************************************************** 1. Commentary Out with the old, in with the New Year. Wall StreetRead more
AutoZone Gets "Buy" Rating
Let’s see how this one turns out. Citigroup (C, $8.89, down $0.63), whose stock has been in shambles recently, initiated coverage of AutoZone (AZO, $104.59, down $1.17) yesterday with a “Buy” rating on the stock. Citigroup blew its chance to close a deal for Wachovia (WB, $5.27, down $0.22) andRead more