Alcoa Stock is Starting to Shine (AA)
ET Comcast Corp.’s deal to buy Time Warner Cable Inc. has run into an unexpected source of turbulence: a weak stock price. In the nearly seven weeks since the deal was announced, Comcast’s share price has dropped nearly 10%, reducing the value of its all-stock offer for Time Warner Cable to $143.55 a share from $158.82 per share when it was announced. Time Warner Cable shares, meanwhile, have followed Comcast’s stock down and…
Be stock-specific; buy quality stocks on dips: Choksey
According to him, the economy is showing sings of improvement and corporate India would report better earnings going ahead. Many companies have expanded their capacities and havent been able to utilise those capacities under distressed market conditions. Now that the market condition is promising to improve those capacities would get utilised and there would be jump in the earnings of the companies, he added. Also Read: Think tactically; keep 60:40 mix of cyclicals, defensives, says Udayan Mukherjee Below is edited transcript of Deven Chokseys interview with CNBC-TV18s Latha Venkatesh and Sonia Shenoy.
It was particularly bad for tech and health care/biotechs. But even household momentum names like Netflix (NASDAQ: NFLX) got nailed. Netflix put in a 10-day losing streak and followed it up with a six-day losing streak. All told, it dropped from $450 to $350.
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Come to think of it, though, Peter Lynch always said boring stocks were good choices. GPC plays in two areas I love as businesses: automotive parts, and distribution. Specifically, it distributes parts for cars, trucks and SUVs, but also for buses, motorcycles, farm vehicles, and heavy-duty equipment. It also sells accessory items.
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Source: The Coca-Cola Company If you believe in the durability of the Coca-Cola brand, it may serve you well to scoop up shares near its lowest price in more than a year. Bottom line Long-term shareholders need not worry about how bubbly or depressed the rest of the market is at any given time. The key to long-term outperformance is to buy good businesses at low prices and hold them for the long run. If you which stocks to buy today can do that, you will do well over time regardless of what the market does in the next year or two.
GM stock is in the gutter. Time to buy?
They are buying in anticipation of improvements as none of this has shown up in the fundamentals of the company year. The stock still gets a fundamental grade of F from Portfolio Grader right now. However, the buying interest generated from Alcoas moves gives it an A quantitative grade and the combined grade pushed Alcoa stock to an upgrade to a buy . If the company begins to see the type of improvements analysts are projecting this stock could quickly become an across the board A rated strong buy this year. The first quarter reporting next week may not show much improvement as analysts are looking for a 4.2% year-on-year drop in sales and a 54.5% plunge in earnings.
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By Jesse Solomon April 1, 2014: 2:17 PM ET The market has notbeen kind to General Motors. Itsstock is down about15% in 2014 as the automaker has contended with seven millionrecalls and questions from victims’ families and government officials about why it took 10 years to recall millions of cars with faulty ignition switches. Still, General Motors (GM) has roared back sincethe days of its bankruptcy and government bailout.The stock went on a tear last year and is still up roughly 25%over the past year. The company has plenty of cash on hand, and there’s reason for optimism about the auto industry more broadly, which has already been a bright spot in the economic recovery thus far. That’s why Sterne Ageeauto analyst Michael Ward sees GM’s latest price drop as a buying opportunity.”It makes the purchase of the stock pretty compelling, particularly if you’re looking beyond one day, one week, one month,” he said.