With August almost in the books I believe it is worthwhile to look at some specific sectors and stocks relative to the major market averages.
For a reference point the SPX index started the year at a level of 903.25. So with today’s close at 1028.93 the overall market is up almost 14%. It is more [...]
Tagged as:
AAPL,
Amazon,
American Express,
AMZN,
Apple,
AXP,
BAC,
Bank of America,
C,
Chrysler,
Citigroup,
Coca-Cola,
F,
FCX,
Ford,
Freeport McMoran,
General Motors,
Goldman Sachs,
GOOG,
Google,
GS,
JP Morgan Chase,
JPM,
KO,
Kohls,
KSS,
MCD,
McDonald's,
Monsanto,
MTLQQ.PK,
PG,
Proctor Gamble,
Target,
TGT,
VIX,
Wal Mart,
Wells Fargo,
WFC,
WMT
A very negative article on General Motors (GM) appeared in Barron’s over the weekend – it basically stated the company is all-but-guaranteed to need a massive bailout ($50 Billion was referenced). Such a bailout would come with equity ownership stakes for the government.
All this is thought to be extremely negative for current [...]
Tagged as:
General Motors,
Goldman Sachs,
Google