Archive for July 2008
Story Stock Of The Day: NVIDIA (NVDA)
July 3, 2008 · Category: Market Commentary, Stocks
Graphics chip maker NVIDIA (NVDA), the most actively traded stock on the NYSE and Nasdaq today, dropped 30% after announcing much lower guidance for 2nd quarter revenue and a $150-$200 million charge for product malfunctions ...
Posted by Greg Feirman · No Comments »
Getting Close To A Good (Short Term) Buying Opportunity
Raymond James Investment Strategist Jeff Saut has an interesting idea that "selling stampedes" generally last about 17-25 trading days. By my count, the current one just completed its 19th day (Friday June 6 - Wednesday ...
Posted by Greg Feirman · No Comments »
GM At 50 Year Lows
July 2, 2008 · Category: Market Commentary, Stocks
GM's shares are trading just above $10 a share this afternoon. According to the WSJ's David Gaffen, GM shares haven't traded below $10 a share since September 1954. Now that's something you don't see every ...
Posted by Greg Feirman · No Comments »
WSJ: Construction Loans Could Be Next Big Headache
The Wall Street Journal had an interesting article today ("Small Banks Reckoning Day Is Coming" (subscription required), Wednesday July 2, C2) on rising delinquencies on construction loans made to builders by regional banks. This chart of soaring ...
Posted by Greg Feirman · No Comments »
Starbucks To Close 600 US Stores
July 1, 2008 · Category: Stocks
A few minutes ago, as part of its continuing transformation agenda Starbucks (SBUX) announced that they will be closing 600 underperforming US stores. In addition, they said they will be opening less than 200 US ...
Posted by Greg Feirman · No Comments »
