FeedPosted Feb 9th 2010 12:00PM by Joseph Lazzaro (RSS feed)
Filed under: Stocks to Sell
In investing, they don't all work out. General Cable Corp. (BGC), which I first wrote about on May 5, 2009, at a price of $34.59, has been stopped-out at at the sell/stop loss of $28.
The stock of General Cable, which develops, designs, manufactures, and distributes copper, aluminum, and fiber optic wire and cable products for the communications, energy, and electrical markets, has been retreating since it announced a Q4 production cut back in mid-2009.
Continue reading General Cable Corp.: Stopped-Out
Posted Jan 26th 2010 10:00AM by Steven Mallas (RSS feed)
Filed under: Electronic Arts (ERTS), Activision Inc (ATVI), Stocks to Sell
Well, I finally did it. Last week, I sold my position in Activision Blizzard (ATVI), at a price of $10.62 per share. I thought about it long and hard, but in the end, I felt it was the right thing for me to do at this time.
In case you haven't noticed, shares of the video game publisher have been in something of a downtrend as of late. The industry isn't what it used to be. Gaming isn't going away, certainly, but those who follow this sector will no doubt agree that the growth is possibly no longer there, at least for the short term.
Continue reading Why I Sold Activision Blizzard
Posted Dec 13th 2009 2:00PM by Louis Navellier (RSS feed)
Filed under: Verizon Communications (VZ), Stocks to Sell
Verizon (VZ) is betting the farm on a high-stakes bid to supplant the Apple (AAPL) iPhone with its Droid device. In the long run this may be a good move, but in the short run the ad blitz and high cost of this rollout are really going to eat away at Verizon's bottom line.
While spending on tech devices has been strong, the bottom line is that the initial price point for the Droid may be a bit high and it will take some time for consumers to catch on to this smart phone, considering how loyal Apple users are. Things may change in a few weeks if I hear some favorable news, but for now VZ is a sell.
Next: Dog of the Dow #13: Walmart (WMT)
Posted Dec 13th 2009 1:00PM by Louis Navellier (RSS feed)
Filed under: Procter and Gamble (PG), Stocks to Sell
Procter & Gamble (PG) is a company that overreached and now has a cumbersome fleet of brands. To its credit, the company is currently shopping around some product divisions including Braun small appliances, Iams pet foods, Duracell batteries and Pringles snacks.
But the bottom line is that it will take some time to streamline this patchwork company -- so investors shouldn't hold their breath.
Next: Dog of the Dow #12: Verizon (VZ)
Posted Dec 13th 2009 12:00PM by Louis Navellier (RSS feed)
Filed under: McDonald's (MCD), Stocks to Sell
McDonald's (MCD) was a favorite of mine during the recession, as a weak dollar boosted overseas revenue and value-conscious consumers flocked to the Golden Arches. But low-priced fare can only take you so far, and competitors have started to erode MCD's hold on cheap eats.
What's more, the company's successful McCafe offerings took cash away from Starbucks (SBUX) in early 2009 -- but now cheaper at-home alternatives to brewing coffee are cutting into McDonald's java sales. That's bad news for MCD, and I rate this stock a sell.
Next: Dog of the Dow #11: Procter & Gamble (PG)
Posted Dec 13th 2009 11:00AM by Louis Navellier (RSS feed)
Filed under: Kraft Foods'A' (KFT), Stocks to Sell
Kraft (KFT) had hoped to win Wall Street's attention by pursuing Cadbury, but instead it has come across as wishy-washy in a bid that may never come to fruition.
And rather than growing, Kraft may actually be shrinking now that rumors are circulating that the company is shopping around its Maxwell House coffee brand. Obviously, a good company should be growing and not shrinking.
Next: Dog of the Dow #10: McDonald's (MCD)
Posted Dec 13th 2009 10:00AM by Louis Navellier (RSS feed)
Filed under: Home Depot (HD), Stocks to Sell
Home Depot (HD) is kind of a no-brainer. Home sales have trickled to nearly nothing, and with falling property values it doesn't make a heck of a lot of sense to add on that sun room you've always wanted.
The final nail in the coffin is weak consumer spending that is hurting retailers of all stripes. Until housing and consumer confidence both improve markedly, HD is a sell.
Next: Dog of the Dow #9: Kraft (KFT)
Posted Dec 12th 2009 1:00PM by Louis Navellier (RSS feed)
Filed under: Boeing Co (BA), Stocks to Sell
Boeing (BA) hung its future on the Dreamliner, but this messy project has turned into quite a nightmare for stockholders. The next-generation plane is two years late after five delays ... so I'll believe this launch when I see it.
It's tough to trust a company that is this poorly run.
Next: Dog of the Dow #5: Chevron (CVX)
Posted Dec 12th 2009 12:00PM by Louis Navellier (RSS feed)
Filed under: Bank of America (BAC), Stocks to Sell
Since the financial crisis, Bank of America (BAC) has received $20 billion in TARP funds and a guarantee to cover $118 billion in potential losses.
The result? Bank of America lost more than $2 billion in the third quarter, worse than analysts expected, and had to set aside more than $11 billion more to offset bad loans.
Next: Dog of the Dow #4: Boeing (BA)
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