Crocs (Nasdaq: CROX) was the short sellers favorite when it first debuted. Seriously, who could blame the shorts? Shoes made out of rubber, with holes in them no less?! It must be some sort of short living fad or bad fashion, the shorts reasoned. This company will be gone and long forgotten in a few [...]
Articles published by Dave Goodboy
Wall Street Watcher & 5 Hot Stocks for Friday
Stocks suffered a reversal of fortune by closing mixed after trading in positive territory for most of the session. Word of a key Congressional vote to end the debt ceiling stalemate pumped bullish sentiment into the market during the day. However, partisan politicos squelched the bullishness near the close. Solid U.S. housing data combined with [...]
America Runs on Dunkin: Buy, Sell or Hold?
Let’s face it, Starbuck’s (Nasdaq: SBUX) food stinks. Although many like the coffee, others find it too strong for their tastes. For a chain that supposedly caters to upscale consumers, having lousy food and a weak selection is simply unacceptable. What’s the alternative for a quick cup o’ joe and a breakfast on the run? [...]
Wall Street Watcher & 5 Hot Stocks for Thursday
Stocks continued their downward spiral on this middle day of the trading week as debt worries worsened, corporations warned, and international economic situation became increasingly out of whack. Investors responded by dumping stocks across the board. A lessening of manufacturing demand only added to the bearish sentiment. Even a decent Beige Book report showing growth [...]
Netflix vs Walmart: a Battle Royale Brewing?
Just when investors believed things couldn’t get any better for Netflix (Nasdaq: NFLX) the company was instead hit with a double whammy of negative news. A mighty competitor emerged from left field and the leading movie delivery and streaming company warned that a price model change may result in a loss of customers. The competition-crushing [...]
Wall Street Watcher & 5 Hot Stocks for Wednesday
Stocks traded lower across the board today with extremely bearish news from the domestic economic front fueling the decline. Fears of a national debt default were exasperated as the White House threatened to veto emergency legislation to prevent the default. Partisan bickering is the prime cause of the debt ceiling not being raised. In addition, [...]
Sino-Global Shipping: Buy the Pull-back or take Profits?
You’ve probably noticed there are more than a few Chinese companies with the word Sino at the start; and from here you more than likely think of the heavily published, troubled Sino Forrest (TO: TRE) (Pink Sheets: SNOFF) company when ‘Sino” is mentioned. Well, it’s important to note that Sino means China hence the prefix. Don’t [...]
Hulu dancing with Apple
Apple (Nasdaq:AAPL) is flush with cash and on an acquisition streak. The latest Wall Street insider rumor is that the high tech giant has its eye on the video streaming site, Hulu. The company is owned by three, old time traditional media companies: Disney (NYSE: DIS), NBC Universal, and News Corp (Nasdaq: NWSA), in addition to [...]
Wall Street Watcher & 5 Hot Stocks for Monday
Stocks closed mixed on this final trading session of the week. Heavy Equipment maker and key economic barometer Caterpillar (NYSE: CAT) led the DJIA lower after getting slammed more than 6% for missing profit estimates and cautious words about the future. The Nasdaq closed higher on positive tech earnings while the political turmoil continues in Washington. [...]
Wall Street Watch & 5 Hot Stocks for Friday
A rumor of a debt ceiling compromise spiked shares higher on the day and they never looked back. Although the rumor was denied by the White House, powerful earnings fueled the bullish rally. Financial stocks led the gains with Morgan Stanley’s (NYSE: MS) narrower than expected loss greasing the rails. Another full slate of important [...]