Just in this evening from Fred and Rob at Lange Financial Services. LANGE FINANCIAL SERVICES- UPDATE JANUARY 31, 2011 9:45PM Market prospects remain excellent despite some possible near term consolidation and some mid east political concerns. Statistically, the market remains historically cheap. Goldman Sachs [GS] restated its earnings forecast of $96 and $106 for 2011 and 2012 respectively for the…
Tags: 1500, 1550, Goldman Sachs, Lange Financial Services, Merrill, S&P 500, Target Estimate
Our goal is to not be very political on the site, so when mentioning Obamacare, its as a result of our belief that the plan is a negative to the economy and the markets. Enough has been discussed in detail about the plan and its reckless spending and special interests and a whole lot more so no need to go…
Tags: Obamacare
Jan. 31 (Bloomberg) — David Kostin, chief U.S. investment strategist at Goldman Sachs & Co., talks about the impact of the unrest in Egypt on U.S. stocks and the outlook for technology and energy stocks. Kostin, speaking with Erik Schatzker and Deirdre Bolton on Bloomberg Television’s “InsideTrack,” said the Standard & Poor’s 500 Index will close 2011 at 1,500. (This…
Tags: 1500, Goldman, KOSTIN, S&P 500
Today was looking good before the open, then we had the combination of a slightly weaker than expected GDP Report coupled with extreme tensions, rioting, and a government uprising in Egypt. Obviously this double whammy hurt the markets and stocks and additionally, so many have been looking for the 5 to 10 percent ” correction” that this too exacerbated the…
Tags: 1300, CNBC, Egypt, Fast Money, gdp, Radar, S&P 500
The figures below from today show a rise in the bearish sentiment. This is usually a positive for the markets. These recent figures may reflect seemingly many of the people we see on CNBC and other stations looking for a pullback of up to 10% in some cases, we do not agree with this line of thinking. These figures are…
Tags: sentiment
In talking to Lange Financial Services this evening on the markets and their recent recommendations on individual shares, we are posting this update below. Some of the stocks that we have recommended to accumulate during weakness recently have started to act very well. Price gains are today are approximate unless noted, showing the benefits of accumulating strong stocks on periods…
Tags: Lange Financial Services, Market Update, Rally, Recommendations, s&p500
Many were waiting today for the FED announcement at 2:15pm regarding interest rates and especially would QE2 continue with the economy showing definite signs of recovery. As you read below, QE2 is alive and well and continuing as planned, which further attests to our bullish view on the market for 2011. With the economy doing better and QE2 continuing, its…
Tags: AAPL.QE2, bullish, Fed
National Review: Why Everything Starts with Repeal Democrats are defending Obamacare with flimflammery. By Charles Krauthammer Suppose someone — say, the president of the United States — proposed the following: We are drowning in debt. More than $14 trillion right now. I’ve got a great idea for deficit reduction. It will yield savings of $230 billion over the next 10…
Tags: Krauthammer, Obamacare
We were recapping the trading day now with Fred and Rob at Lange Financial Services and thought we would post their thoughts below for our readers. W&BR Market action today was excellent. Down about 80 DOW points in mid afternoon, heading towards what was seemingly going to be a sharp down day, stocks rallied sharply led by IBM, APPLE, and…
Tags: AAPL, Birinyi, BTU, CLF, coal, crm, GOOG, IBM, John Paulson, Lange Financial Services, VMW, X
From: Warren Mosler TO: Bob Kurlander Sent: Tue Jan 25 06:31:53 2011 Subject: *State of the Union Some of the risks listed at year end seem to be coming on line, including slower growth out of China, euro austerity keeping a lid on demand in the euro zone, and US fiscal balance too tight for anything more than very modest…
Tags: 2011, State Of The Union, Warren Mosler
On an 18-hour flight from California to Singapore a few years ago, Timothy D. Cook, Apple’s chief operating officer, had little time for small talk with a colleague. Glued to his business class seat, Mr. Cook had his nose in spreadsheets, preparing for a thorough review of Apple’s Asian operations. The two landed at 6 a.m., took time to shower…
Tags: APPLE, NY Times, Tim Cook
See below the chart today from Dahlman Rose on coal shares as well as the industry outlook from Brean Murray below. We remain bullish on coal and would use any weakness to continue accumulating shares. LFS and W&B. DAHLMAN ROSE & CO COAL UPDATE PRICES. CHART BELOW Ticker Rating Price* Target ACI Buy $31.61 $43.00 ANR Buy $55.22 $72.00 BTU…
Tags: BREAN MURRAY, coal, DAHLMAN ROSE
This week the earnings season will be in full swing as most of the S&P 500 will report. Watch for word from McDonald’s (MCD), Amazon (AMZN), Netflix (NFLX), Caterpillar (CAT), and Chevron (CVX). On the macro level, next week the FOMC will meet to discuss interest rates with an announcement on Wednesday. Traders will be watching for a mention of…
Tags: Trading Events
Today, CNBC had a great guest, Marvin Schwartz, legendary investor for 50+ years with a tremendous track record, who also adds to our bullish theme for 2011 and beyond. He discusses the markets, Travelers Co., Hewlett Packard, corporate finances, the economy and more. Here are the awesome clips from today. VIDEO 2 Marvin Schwartz starts in a 3 Minutes 25…
Tags: bullish, HP.CNBC, TRV