The month of February has been up and down for the stock market, and through all the temporary optimism, we've been deposited right back where we started the month.
Market Watch:
Today, Dell (DELL) is blaming the economy for a slowdown in sales. This announcement comes on the heels of a slow GDP growth last month and Bernacke's continued fears of a recession or continued stagflation. The major indices are down around 2% a piece. The only winners on DollarBuilder's watch list are FirstSolar (FSLR), Kohls (KsS), and Kraft Foods (KFT).
In Play:
If you had the good fortune to pick up UltraShort Dow 30 Proshares (DXD) this week below $55.00, you are probably enjoying your buy right now. Sectors showing strength for the month included agriculture and energy. Our pick, Potash Company of Saskatchewan (POT) is up 13% on the month and 17% since we recommended it. We believe the current valuation to be a bit high, but believe this stock will continue to outperform the market in the near term.
Our Poll:
Please take a moment to vote in the Presidential Poll found down and to the right on this page. We are trying to gauge Tuesday's voting as accurately as possible. Voting will be suspended Monday night at midnight.
Friday, February 29, 2008
Thursday, February 14, 2008
Politics and the Economy: Part III
Today begins our polling for the Democratic presidential race. Voters at SodaHead don’t seem to think that Barack Obama has a chance against either John McCain or Hillary Clinton. Obama has proposed a $210 billion job creation plan and wants to promote fair trade. Clinton is being pushed by conservative pundit Ann Coulter. Which candidate do you think would be best for our economy? Vote in the poll down and to the right!
Market Watch:
Yesterday saw big gains for all of the major markets. The Nasdaq showed the greatest gain in percentage points, with tech stocks leading the way. Other strong sectors included financials and consumer cyclicals. Interestingly, the agricultural sector was down and the energy sector was mixed. The day was certainly a shuffling of dollars already in the stock market. This is in line with DollarBuilder's observations about overall market trends.
Today, all of the major indices are down, with the Nasdaq being the biggest loser in percentage points. Bad news from the Fed on the economic front seems to be the main reason, as Fed Chief Bernanke says that the economic outlook for 2008 is worse and worse. Agriculture is the strong sector for the day, with financials down sharply.
In Play:
Hopefully you've been able to make some money during this recent mini-rally. If you're looking to continue to do so, I hope you had the opportunity to take some profits on UltraShort Dow30 ProShares (DXD) in the past few days. DollarBuilder believes that a 10% discount of this stock's current valuation would be a bargain under current market conditions.We also believe that gold will soon be a strong play as a part of your portfolio. However, we consider the current valuation to be a bit high. Now would be a good time to start learning about trading gold.
Dollar Bill did not own any shares or short positions in any of the stocks he's mentioned at the time of publication.
Market Watch:
Yesterday saw big gains for all of the major markets. The Nasdaq showed the greatest gain in percentage points, with tech stocks leading the way. Other strong sectors included financials and consumer cyclicals. Interestingly, the agricultural sector was down and the energy sector was mixed. The day was certainly a shuffling of dollars already in the stock market. This is in line with DollarBuilder's observations about overall market trends.
Today, all of the major indices are down, with the Nasdaq being the biggest loser in percentage points. Bad news from the Fed on the economic front seems to be the main reason, as Fed Chief Bernanke says that the economic outlook for 2008 is worse and worse. Agriculture is the strong sector for the day, with financials down sharply.
In Play:
Hopefully you've been able to make some money during this recent mini-rally. If you're looking to continue to do so, I hope you had the opportunity to take some profits on UltraShort Dow30 ProShares (DXD) in the past few days. DollarBuilder believes that a 10% discount of this stock's current valuation would be a bargain under current market conditions.We also believe that gold will soon be a strong play as a part of your portfolio. However, we consider the current valuation to be a bit high. Now would be a good time to start learning about trading gold.
Dollar Bill did not own any shares or short positions in any of the stocks he's mentioned at the time of publication.
Tuesday, February 12, 2008
February 12, 2008
Market Watch:
All the major indices are trading up today, but the Dow is the definite leader. The Oracle of Omaha has decided to infuse more capital into the hands of bond insurers. MBIA Financial (MBI) and AMBAC Financial (AMK) are both trading down 10% on the day. Buffet's offer was only to insure municipal bonds, which do not cover the risky debt these corporations hold.
Still, the rest of the market is pushing on strong with financials like Capital One Financial (COF), Citigroup (C), and Washington Mutual (WM) leading the way. Other sectors showing strength today include agriculture, construction machinery, energy, and mining.
Question and Answer:
Tannim asked: Why is Monsanto up? France just banned one of their major GMO crops there. Astroturf-san Inc. should be hurting right now.
At DollarBuilder, we believe that the current forces driving the market are more holistic. The entire agricultural sector is drastically outperforming the market right now. As a result, almost all members of the sector are benefitting. In addition, because of high corn and Round-Up sales, today Monsanto boosted its earning projections for the second time in as many months.
In Play:
Hopefully you've been able to make some money during this recent mini-rally. If you're looking to continue to do so, I hope you had the opportunity to take some profits on UltraShort Dow30 ProShares (DXD) in the past few days. DollarBuilder believes that a 10% discount of this stock's current valuation would be a bargain under current market conditions.
We also believe that gold will soon be a strong play as a part of your portfolio. However, we consider the current valuation to be a bit high. Now would be a good time to start learning about trading gold, though!
Dollar Bill did not own any shares or short positions in any of the stocks he's mentioned at the time of publication.
All the major indices are trading up today, but the Dow is the definite leader. The Oracle of Omaha has decided to infuse more capital into the hands of bond insurers. MBIA Financial (MBI) and AMBAC Financial (AMK) are both trading down 10% on the day. Buffet's offer was only to insure municipal bonds, which do not cover the risky debt these corporations hold.
Still, the rest of the market is pushing on strong with financials like Capital One Financial (COF), Citigroup (C), and Washington Mutual (WM) leading the way. Other sectors showing strength today include agriculture, construction machinery, energy, and mining.
Question and Answer:
Tannim asked: Why is Monsanto up? France just banned one of their major GMO crops there. Astroturf-san Inc. should be hurting right now.
At DollarBuilder, we believe that the current forces driving the market are more holistic. The entire agricultural sector is drastically outperforming the market right now. As a result, almost all members of the sector are benefitting. In addition, because of high corn and Round-Up sales, today Monsanto boosted its earning projections for the second time in as many months.
In Play:
Hopefully you've been able to make some money during this recent mini-rally. If you're looking to continue to do so, I hope you had the opportunity to take some profits on UltraShort Dow30 ProShares (DXD) in the past few days. DollarBuilder believes that a 10% discount of this stock's current valuation would be a bargain under current market conditions.
We also believe that gold will soon be a strong play as a part of your portfolio. However, we consider the current valuation to be a bit high. Now would be a good time to start learning about trading gold, though!
Dollar Bill did not own any shares or short positions in any of the stocks he's mentioned at the time of publication.
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