In this week’s Stock Market Video, Cabot Market Letter Editor Mike Cintolo says that the market has a nice rebound this week after two crummy weeks. But he says that not much has changed, as the indexes are still trading within a wide range. Longer-term, Mike remains optimistic. Stocks discussed: BE Aerospace (BEAV), Intel (INTC), Homebuilders (XHB), Macy’s (M), Rackspace (RAX), Cabot Oil & Gas (COG), Continental Resources (CLR) and MercadoLibre (MELI). Click below to watch the video!
My stock pick for today is a Chinese Red Chip stock that has all the hallmarks of a big winner, but whose chart says a little more patience is necessary. The company is NetEase.com (NTES) a Chinese Web portal that offers a standard menu of Yahoo-like services, including news, blogs, search, matchmaking, social gathering spaces and so on. But what sets NetEase apart from other Chinese Web giants like Sina.com (SINA) and Baidu (BIDU) is that it derives 85% of its revenue from online gaming operations. The hot items among the company’s massively multiplayer online role-playing games are Fantasy...
Investing in stocks involves a huge number of variables, so many, in fact, that the whole system simply defies complete analysis. Think about it. Even the most sophisticated organizations (mutual fund houses and hedge funds), with battalions of analysts and rooms full of computers, can’t get the business of making money by investing in stocks down to a science. That’s why most stock investment strategies are exercises in simplifying, seeking to gain an edge on the market by reducing decisions on buying and selling to a manageable system. And the essence of most systems is that there are only...
Back before Memorial Day this year, gas prices appeared primed to churn ever higher and provide a hard hit to Americans’ wallets. At the start of May, the national average price of regular self-serve gasoline was $3.94 a gallon, according to AAA. But instead of climbing higher, gas prices eased to $3.60 a gallon in the height of summer–unexpected because normally that’s when we drive the most and a lot of refinery maintenance occurs, nudging up prices. Today the average per-gallon cost of gas is even lower, at $3.40 a gallon. It’s not cheap, but if you’re like me,...
The holiday shopping season is already well underway, evidenced by Christmas decorations at the mall and stories in the media reporting that some shoppers had finished buying everything on their lists in October! With Thanksgiving and then Christmas right around the corner (plus that other “holiday,” Black Friday), some retail-related stocks are poised to benefit from the holiday shopping season. This week and next, I’m going to share some of the stocks that I think could get the most boost from this annual consumer binge. Today’s stocks all fall into the growth category and have been recommended by Cabot...
