Archive for August, 2009
Tech Insiders Keep Selling Shares
Hewlett-Packard executives join an exodus away from technology stocks, reports Avi Salzman for Barrons.com.
Hewlett-Packard CEO’s $4.3 Million Sale
Wynn Resorts CEO’s $114 Million Sale
We’ve seen notable insider selling in the following stocks: Illinois Tool Works (ITW) Director sold 200,000 shares at $42.40-42.52 on 8/24… Heinz (HNZ) Director Nelson Peltz’s Trian Fund Management sold 650,000 shares [...]
Cramer: Use This Trading Strategy
One of the factors that have been buoying the market is fund managers’ desperate scramble for stocks. They found themselves heavy on cash but light on equity as the market turned up, and now they’re buying stocks en masse to keep pace with their benchmark indexes. As a result, any price weakness lures them in, [...]
Art Cashin: Why I Sold Stocks Yesterday
“I’m taking a little risk off of the table. I sold some stock yesterday,” he declared. As a sign of investor anxiety, he noted that “a lot of Elliot Wave followers are worried about finishing this leg” of the rally.Cashin explained: “The employment situation is hanging tough. Even though I know unemployment is a lagging [...]
Cramer: Will the Dow Reach 10,300
The Dow will not cross 10,300, Cramer said during Wednesday’s Stop Trading!. At least not until we get good news enough to justify it. While Cramer said he expects a correction, it won’t be on the level that Kass fears. “There’s just not enough bad to trigger that kind of sell-off,” Cramer said. [...]
Tsunami of Home Foreclosures to Hit US: Economist
A tsunami of home foreclosures is set to hit the US as banks are unable to keep bailing out tenants that can’t afford their rent and struggling home owners show their anger at the financial crisis by giving up on their mortgage, David Karsbøl, chief economist at Saxo Bank, told CNBC.
“I believe we are about [...]
Housing Rebound Looks Good For Now, But Will It Last?
Home prices were on an upswing in Q2 of 2009, according to S&P/Case Shiller’s latest report. Robert Shiller, the creator of the Case Shiller Index, and David Blitzer, chairman of the S&P 500 Index Committee, discuss the report.
Stock Rally is Over Optimistic
The strong positive sentiment pushing stock markets higher is getting ahead of the economic data, Maurice Pomery from Strategic Alpha told CNBC Monday. Pomery considers the possibility of a double-dip recession.
Cramer: ‘One of the Best Run Banks in the World’
Cramer is,
-bullish on Citigroup (C), First Niagara (FNFG), BB&T (BBT), Banco Bilbao Vizcaya (BBV)
-skeptical on Goldman’s upgrade of Google (GOOG).
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