Global internet media company Yahoo! Inc. (YHOO) has made the news more frequently than Lindsay Lohan over the past couple of years. From restructurings to corporate raider attacks, a new CEO, and most recently an expansion in New York City, including the acquisition of Tumblr for $1.10 billion, it’s been enough to make even the most astute trader ask for a pause. If we consider the below multi-year chart that [...]
Google Inc (GOOG) is currently higher by a little over 28% on the year, which makes chasing the stock to upside more and more difficult, at least in the near-term. Over the past week I have encountered a larger than usual number of inquiries regarding the stock as last week’s announcement by the company about new and improved services got investors and traders excited about the future prospects of the [...]
Since my last update on gold and silver on April 16th (http://investorplace.com/2013/04/daily-stock-market-news-carnage-in-gold-and-silver-could-be-a-leading-indicator/), both proceeded to bounce somewhat but subsequently gave way to the laws of physics and are now at, in the case of gold, or well below, in the case of silver, where they traded then. In other words, both of these precious metals staged the proverbial dead cat bounce, followed by continued weakness. For perspective let me first [...]
As stocks continue to rally and the S&P 500 is now higher by close to 17% year to date, individual groups of stocks continue to break out past clearly-defined resistance points. For example, two weeks ago the consumer apparel group made a move, followed by select technology stocks and of course the financials last week. And late last week some notable oil and gas companies came on my radar as [...]
Social networking website Facebook Inc (FB) this week celebrates the one-year anniversary of its initial public offering. On May 18th 2012 the company sold shares to the public at $38 per share, and the time had a valuation larger than Walt Disney (DIS), among other large companies. Fast forward twelve months and the stock trades roughly 30% below its IPO price and more than 40% below its intra-day high print [...]
