Be careful - I think MGM's rise may have been a lot of short covering after earnings news (which were not so hot)
Cramer's Mad Money - The Apple Barometer (10/28/08) <i>Bebe Comeback (BEBE) Bebe has been hit hard, but Cramer thinks the women’s clothing company may be ready for a comeback. It seemed things couldn’t get worse for Bebe, partly due to its own errors including merchandizing and inventory blunders and partly because of a slowing economy and high gas prices. Its same-store sales growth plunged from 2.9% in 2007 to -7.6% in 2008. Although Cramer doesn’t usually recommend retail in a bear market, Cramer says Bebe’s bad news is priced in and the company may come back in style; estimates have been reduced to a reasonable level, the $7.22 stock has $4 in cash per share, Bebe has no debt and has announced a $30 million share buyback plan. Cramer thinks Bebe could beat its estimates next year and suggested in the meantime investors sit back and enjoy the dividend.</i> <hr> Robbie Great call. Is Cramer pumping BEBE for you?
Hope this doesn't gap up too much to the point I can't still get rid of my SDS for a profit. I find it interesting how asian markets have really started to develop their own character especially the last few weeks rather than follow US markets as closely. I like Gamestop GME in the retail sector. Game sales haven't shown any slow down - in fact the contrary. Slew of titles each year, gaming entertainment is the way to go. There are also a lot of luxury retailers that have done a great job infiltrating the market in places like China and other parts of Asia where there are a lot of new upper middle class that don't mind spending a premium on items priced 2-3x as much as in the US. I'm still a bit patient on when to get in... but I liked TIF before and would stay away from COH.
Weird ... we're in a holding pattern. I'm still waiting for the inevitable pull back. I feel the next euphoric wave comes after the election. My solars are doing BEEEYOOOTIFUL.
Exxon (which I own some shares) made $15 billion profit last quarter - a record profit EVER made by ANY company for a quarter - during a time when other companies are losing billions - in a recession. They were projected to make a boatload of cash but they made even more than they projected. I know they won't make as much next quarter but I think 10 billion is still reasonable profit for a quarter. Any idea on what the stock did? Down... yes that is right down. Meanwhile Ford (which lost billions and is projected to lose more millions) is up... AIG (the company the govt had to give billions to keep them from going bankrupt) ...up. I need to move all my money into companies that lose money.
I maintain my previous stance ... I expect to see the Dow at 10,500 before this rally is done, and it will probably take several weeks or maybe months to get there. There will be pullbacks and short corrections -- this is still a pretty volatile market. Right now I'm seriously contemplating going long on the Russell 2000. For some reason it has been trailing the major indices, and right now the upside for a bounce is just flat out ridiculous, perhaps 30% or even 40%.
Bebe's clothes (material) are cheap if you ever check it out. Most of my chick friends have complained how the material has gotten cheaper over the years. From the consumer's viewpoint, I woulnt buy this stock. The hey days were from IPO year to 6 years out. If you want retail exposure, I'd just buy COH or TIF which have a greater worldwide exposure. Though they are more expensive in share price, I feel these 2 have greater upward possibilities than BEBE. Or you could just wait till the RTH bottoms out.
I am expecting 8500 - 8600 on the Dow before we can move up again. 10,500 will take a while. My expectations are that it will take several months to get there. My UWM is underperforming quite a bit and it needs to get going. The troubling part is that the participation in this rally hasn't moved UWM more than it has so far. The lack of a broad based rally is not a good sign to me. If people are wiser about putting in protective <i>Stops</i> to protect their recent gains, then things could slide down in short order once things dip again.
I'm not surprised about UWM's underperformance -- like I said, for whatever reason the R2K has been lagging the major indices this year. It was the last to fall of the cliff. This looks like a relatively simple trade ... set a stop at $19, target price maybe around $39...or wherever it eventually meets that trend line.
Exxon needs to rethink their marketing strategy...rename their product to iGas and make it available in 10 colors...then the stock will start to move!
Must be more something more than just making money... Wall Street genuis I'm not and I know WS likes the sexy stocks and this is not and never will be but man - when you are looking around for stocks that are going to make money over the next year in times like these, I don't think you can come up with a better one.
Id be going with FRO. Excellent buy under $30. Solid balance sheet. Nice strond dividend payout that has increased each year.
19 may be a good price to average it, but I've yet to believe we have seen the worse of the dow. Once these alt-a loans get downgraded, all the insurers (ie Cigna) and regional banks will implode. Another round of financial disaster. Question is will Dow go lower than the 7800
