Diamonds and Dogs
November 28, 2008November 28, 2008
Investors can be thankful as stocks closed the week up about 10% across the board. In the holiday shortened week, stocks gained every day, averting what was shaping up to be a disaster in the markets. It is black Friday, so go do what good Americans do, shop until you drop.
November 27, 2008 HAPPY THANKSGIVING!
November 26, 2008
Drive on!! From Dog to Diamond of the day, General Motors (GM) which hit a 70 year low of $1.70 last week, surged 40% or $1.43 to $4.99 on the NYSE. As shareholders you have to ask yourselves, should we still consider pulling the plug or will GM be able to deliver. Also, wouldn't you like a case study on a "determination of a Government loan" as requests for help sky-rocket?
The diamond store isn't a diamond this week. The second largest specialty retailer of fine jewelry, Zales (ZCL) fell $3.74 to $5.38. This is certainly no gemstone after falling to 40.94% on the year. "Be brilliant" which their slogan was before "The diamond store" should perhaps return?! Also, lay-a-ways are back in style for the shopper that is thinking d-i-a-m-o-n-d!
November 25, 2008
Headquartered in Australia, mining giant BHP Billiton Ltd (BHP) rose $4.85 to $38.27 after reporting earnings. This major producer of a range of commodities closed up 14.51% on the day. BHP is lucky to walk away from its Rio Tinto Group after having no choice but to withdraw as prices caved.
Starbucks (SBUX) fell $0.24 to $8.21. The coffee chain stocks are already at a low not seen since November 2001. After a challenging year, you have to wonder if coffee is the right business to be in. On the other hand, some wonder if it's even good for your health&
November 24, 2008
Catch this diamond with your Dick's Sporting Goods baseball mitt - Hibbett Sports, Inc. (HIBB), an operator of sporting goods retail stores which grew by 7.56% to $14.22. Given that the stock has been under significant pressure over the past week, these are positive ratings. But HIBB lowers price target to $17.
M'm! M'm! Good!...or maybe not so good. Campbell Soup (CPB), the world's biggest soup maker released a drop in their quarterly profit. CPB is down over 7.58% to $33.52. The company traditionally benefits in times of recession but not this time. Do you have a soup for that?