Bargain Hunting in Blue Chips
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Access Update – #06 It seems as if melanoma is getting a lot of media attention lately. Unfortunately, that is partially due to the death of Bruce Springsteen’s keyboard player Danny Federici. The founding member of the E Street Band passed away on April 17 due to melanoma. Federici battled the disease for three years.…
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Email – #423 Fifth Third Bancorp surprised everybody this morning by exceeding their earnings expectations. The shares are up more than 5% in a down market. But, more importantly, this news bodes well for our long-term options (YJF AF), which have 18 months before expiration. If you don’t own these options, buy them. Mylan (NYSE:…
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Access Update – #05 I’m glad to see that some of you held out for a better price on Electro-Optical Sciences (Nasdaq: MELA). My eyes were glued to the screen waiting for the price to hit $5.75. As soon as it did, many of you got your orders filled. I still expect the stock price…
Email – #422 On Wall Street, uncertainty is the killer of all hopes and dreams. This year, that uncertainty factor is the highest it has been in a decade. There are signs that BIG winners will emerge, given time and the right outcomes. But what Wall Street wants is not always what Main Street wants.…
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Email – #421 The casino industry has been shellacked of late. A slowing economy, high fuel prices, and decreased gambling has taken its toll. Companies in this sector have lost 50% or more in the past few months. But casino stocks are almost always the first to rebound on any signs of an economic turnaround.…
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Email – #420 GE reported disappointing numbers this morning. Their earnings were impacted by weakness in their financial operations in March. While insignificant as a percentage of total earnings, the fact that the company missed on its own recently bullish guidance has caused a dilemma for investors. In this market, a dilemma usually equals selling…
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