Crushing the S&P 500 is Easy
August 15, 2008
Since inception three months ago, the FIPortfolios.com model portfolio “Small Cap Momentum” has outperformed the S&P 500 by more than 16%, well on track to beat the S&P 500 by more than 60% this year. If you’re wondering why you aren’t doing as well as our subscribers, you might want to consider joining us.
The Financial Crisis Ain’t Over
July 29, 2008
Today, many financial stocks rebounded, thanks to a drop in oil, the Consumer Confidence Index coming in above expectations, and a Merrill Lynch (NYSE: MER) offering. Does this mean we found the bottom and are now on our way to a solid recovery? Some say yes. I say absolutely not.
Want to Beat the S&P 500 by 60% Per Year?
July 23, 2008
Sick of losing money in the stock market? Well, FIPortfolios.com model portfolio “Small Cap Momentum” is seeing green, and you can too.
RIP IndyMac
July 11, 2008
Earlier this evening, IndyMac Bank (NYSE: IMB) was seized by US banking regulators after depositors decided it was time to withdrawal their cash from the distressed bank. Unfortunately, many depositors - roughly 10,000 - had more than the $100,000 FDIC insured funds with the bank, and will likely lose all uninsured deposits. It was yet another dark day for Wall Street. Read more »
Sovereign Bancorp: Finally a Bottom?
May 21, 2008
Sovereign Bancorp (NYSE: SOV) has been beaten down badly. They, like every other bank, made poor decisions when selecting which loans they would fund. As an investor, it’s my job to look for signs that struggling banks have finally hit bottom. If such signs existed, certain banks would be the value of the decade. Well, folks, I think I found such a sign in Sovereign. Read more »
Countrywide CEO: Struggling Homeowners “Disgusting”
May 21, 2008
Facing the potential loss of his home, Daniel Bailey decided to do what his lender, Countrywide Financial (NYSE: CFC), said to do: contact them to work out a deal so he can keep his house. Mr. Bailey didn’t expect, however, to receive a reply from the CEO, Angelo Mozilo. Read more »
Beware of the Financial Value Trap
May 12, 2008
JPMorgan (NYSE: JPM) CEO Jamie Dimon said on Monday that he anticipates a deep and protracted recession in the aftermath of the credit crisis. Investors should heed this warning and make sure they don’t fall victim to the value trap. Read more »
Merrill’s Level III Assets Jump by 68%
May 6, 2008
Merrill Lynch (NYSE: MER) reported today that their Level III assets - those that are the hardest to value - jumped to $68.9 billion from $41.4 billion reported at the end of 2007. An increase of this magnitude signals that the end of the financial crisis may not be as near as many have thought. Read more »
Morgan Stanley: Sell the Rally in Financials
April 28, 2008
Morgan Stanley (NYSE: MS) advised clients on Monday to sell into the rally in financial stocks. Morgan analysts Betsy Graseck, Cheryl Pate and Justin Kwong anticipate further dividend cuts, increased dilutive equity offerings and the continued deterioration in the credit markets. Read more »
General Electric: Buy and Hold
April 25, 2008
General Electric (NYSE: GE), one of the largest and most respected companies in the world, has seen its shares drop nearly 24% from its 52-week high of $42. In April alone, shares dropped from $38 to $32, a 16% decline precipitated primarily by continued weakness in the financial markets. GE’s Q1 2008 earnings, announced on April 11th, came in below both analyst and management expectations, missing the mark by nearly 14%. Read more »
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