Weekly Trading Newsletter, March 17
Stocks to Watch: Ann Taylor Stores (ANN) showed a 4th quarter loss versus a profit a year ago and is very cautious about next quarter as same store sales fell 3.7%. Newcastle Investment (NCT) was downgraded after a dividend cut from .72 to .25 a share. S&P placed Western Refining (WNR) on notice for a possible rating downgrade. SkillSoft (SKIL) reported earnings of 31 vs .08 in the 4th Q and sees .32 to .35 in the 1st Q. Finally the largest IPO ever of VISA is anticipated to go public on Thursday.
Special Note: The buyout of Bear Stearns for the equivalent of $2 a share from a $30 close on Friday by J.P. Morgan financed in part by the Fed is not exactly giving confidence for stocks around the world. The Fed has truly become "lender of last resort" in an attempt to keep financial markets stable. The question on many investors minds will be how to value other banks similar to Bear Stearns and the related impact this will have on market indexes? The 3.3 year cycle appears to be building towards a climactic low.
Commentary provided by Barry Ward, Registered Principal, NobleTrading.com, Inc.
To view all of NobleTrading's historical newsletters, click here.
Click here to open an account.
NobleTrading Direct Access Trading
email: info@nobletrading.com
phone: 877.872.3311
web: http://www.nobletrading.com NobleTrading.com Offers Online Stock Trading, Online Options Trading
Online Futures Trading, Online Forex Trading
Worldwide Brokerage Service, Day Trading Brokerage





















0 Comments:
Post a Comment
Blog Home Archive List <<Previous - Next >>