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Closing Bell: What sell-off? (AIG, ABK, EPR, MBI, JAVA, ORCL, ERTS)

Posted Nov 10th 2009 4:00PM by Jon Ogg (RSS feed)
Filed under: Amer Intl Group (AIG), Sun Microsystems (JAVA), Electronic Arts (ERTS), MBIA Inc (MBI)

We had another bit of data showing strong home sales in Q3, but as prices fell. Yet the only real thing to note was that the sell-off that was starting out this morning just didn't hold when you look at the broad indexes today. Some dollar directional changes may be part of the issue that kept the stocks from getting cheaper. There were still many losers on the day.

Here were today's unofficial closing bell levels:

Dow 10,247.88 +20.94 (0.20%)
S&P 500 1,093.04 -0.04 (0.00%)
Nasdaq 2,151.08 -2.98 (-0.14%)

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Continue reading Closing Bell: What sell-off? (AIG, ABK, EPR, MBI, JAVA, ORCL, ERTS)

Some REITs for your portofolio from Kiplinger

Posted Jun 26th 2008 3:30PM by Eliza Popescu (RSS feed)
Filed under: Industry, Stocks to Buy

Over the last few months, real estate investment trusts (REITs) have shown that they are able to survive in tough conditions, at least compared with most other stocks. However, there have been signs of weakness for REITs lately and this is likely to continue.

With recession fears still looming, real estate operators are facing yet another difficult situation brought on by rising unemployment, which could result in lower office and retail space demand. And rising inflation will come with higher interest rates, leading to higher borrowing expenses for REITs. Considering these circumstances, the outlook for REITs is not all that promising.

With all these concerns and obstacles tied to the market and the industry, you may think it wise to stay away from real estate, at least until we see an improvement in consumer spending and the banking sector. Kiplinger suggests that we reconsider these thoughts, and actually suggests some names to invest in that could offer us the advantages we are all looking for.

Continue reading Some REITs for your portofolio from Kiplinger

Symbol Lookup
IndexesChangePrice
DJIA-52.5310,238.73
NASDAQ-7.672,159.23
S&P 500-6.501,092.01

Last updated: November 12, 2009: 01:54 PM

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