Unruly Volatility Remains; Weekly Wrap up
Losing your bearings out there? Whether we think we have a working compass or not, stable markets are lost on the horizon. After rallying furiously into the close yesterday (and briefly breaching our lows for the year), major indexes gave up between 3 and 5% today, with notable under-performance from the NASDAQ on Friday.
Indeed, both [...]
Adding To Position in Costco on (sic) Analyst Warning (COST)
I’ll be applying the last little bit of cash left in the Secular Trends Model Portfolio to add to the Costco Position, adding 600 shares at $53.04; shares are down 7% today on a warning from PiperJaffray. I liked the stock in the mid-$60’s, and I love it in the mid-$50’s.
The analyst note contents that [...]
Barron’s Puts a Bull on the Cover; Abelson Notes Consumer Weakness
Ok, so it was a wounded bull, broken and fight-battered. But he was still standing, and Barron’s continues to sing a bullish, albeit muted tone. In his leadoff piece Alan Abelson noted that nobody really trusts the initial GDP figure for the 3rd quarter of (.3%), with most seeing the number fall when official numbers [...]
Interesting Performance from Corning (GLW) this Week
Shares of Corning (GLW) have been holding up surprisingly well considering that Philips NV warned on slowing TV sales yesterday, and Samsung reiterated this morning.
Samsung is a the world’s largest maker of LCD TV’s, and as good a bellwether for the HD industry as you’ll find. Their joint venture with Corning was about the only [...]
Costco Sees Limited Selling During Market Plummet
Yesterday’s carnage left few sectors undamaged, and even fewer stocks had what could be called a respectable day. Costco Wholesale (COST), however, recovered into positive territory twice yesterday before finally succumbing to the late-day selloff to finish down fractionally. The members-only wholesaler has proven to be a safe haven during the summer, even managing to [...]
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Pragmatic commentary on U.S. & global investing, demographics & secular trends, and the valuation of anything worth valuing. Objective, unbiased research; We believe in minimal design, zero gimmicks, and maximum results.
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Secular Trends Holdings
- Secular Trends Portfolio Real-Time Positions
- The Fuel That Fed the Subprime Meltdown (Written in September 2007)
- Performance Studies on the DJIA & Fundamental Value Stocks (11/22/08)
- Las Vegas Sands - Are They Sustainable in 2009? (Published 11/15/08)
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