GrowYourFunds: January 2008 Archives

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Jan30	Stocks lose initial reaction gains after Fed meeting, end lower Aaron Smith January 30, 2008 Know More: Stocks economy, fed announcement, fed news, federal reserve meeting january 30, FOMC meeting January 30, interest rates The initial reaction was for stocks to jump, but at the end of the day stocks finished slightly lower. At 2:15 the FOMC announced an additional 50 basis point cut in the fed funds target rate. The market was initially euphoric, but a very late selloff spoiled the party. The Dow finished lower by 37, while the Nasdaq finished down by 9 points. The S&P 500 finished down 6.49, or 0.48%. Financials were the market leader both to the up and downside this afternoon. In the initial surge they were the leader, but they also led the way lower at the close of the session. American International Group (NYSE:AIG) shares lost 4.34% on the day. Merrill Lynch (NYSE:MER) fell 2.42% and Bear Stearns (NYSE:BSC) lost 3.68% in today's trading. Prudential Financial (NYSE:PRU) lost 2.67% in today's session. Fannie Mae (NYSE:FNM) was weak the entire day, and finished lower by 5.59%. Energy stocks were also quite weak today, finishing near their lows of the session.The Chinese oil companies were particularly weak today. Petrochina (NYSE:PTR) plunged 4.04% on heavy volume and Sinopec (NYSE:SNP) shares plunged 6.22%. Baker Hughes (NYSE:BHI) shares plummeted 8.61% after a disappointing sales outlook worried investors. Transocean (NYSE:RIG) shares lost 2.64% on the session. Notable 52 Week Lows Wyeth (NYSE:WYE) This big pharma stock lost 2.88% to hit a new low. Yahoo (Nasdaq:YHOO) Lost 8.55% on another disappointing earnings report and news of job cuts. Amylin (Nasdaq:AMLN) This once hot biotech company has come under significant pressure of later. Continue Reading Posted at 5:26 PM \| Permalink \| Comments
Jan29	FOMC Monetary Policy Meeting Preview Aaron Smith January 29, 2008 Since tomorrow's monetary policy meeting has so much riding on it, I decided to put together a quick preview of what is expected and explain what the Federal Reserve's decision truly is. What's at stake in this monetary policy meeting? That... Continue Reading Posted at 4:29 PM \| Permalink \| Comments
Jan28	Stocks jump on hopes of further rate cuts Aaron Smith January 28, 2008 Stocks jumped today as investors hopes for additional rate cuts fueled fairly widespread buying. Though the Fed cut rates by 75 basis points last week, many believe that an additional cut is coming this Wednesday. Those rate cut hopes propelled... Continue Reading Posted at 4:43 PM \| Permalink \| Comments
Jan27	Weekly Earnings Preview for January 28th-February 1st Aaron Smith January 27, 2008 As a followup to tonight's first post regarding the weekly preview for economic data this week, let us now take a look at the earnings preview for the week ahead. Monday January 28thCorning (NYSE:GLW) Corning is a company that seems... Continue Reading Posted at 5:12 PM \| Permalink \| Comments
	Weekly Economic Data Preview Aaron Smith January 27, 2008 Since this week is such a huge week for both economic data and earnings reports, I decided to split up the previews. First up let's take a look at the economic data that will be released this week. Monday January... Continue Reading Posted at 2:32 PM \| Permalink \| Comments
	The decreasing returns of CD's and money markets Aaron Smith January 27, 2008 With their 75 basis point rate cut last week the FOMC likely helped the economy in the long run, but they certainly didn't help the returns on certificates of deposits, money market accounts, or checking accounts. As soon as the... Continue Reading Posted at 12:40 PM \| Permalink \| Comments
Jan24	The 2008 Tax Rebate- Economic Stimulus plan nitty gritty Aaron Smith January 24, 2008 Today the details of the economic stimulus plan, aimed at stunting a possible recession, were revealed. The plan was designed by the congress and the President to go toward those who need it most as well as those who are... Continue Reading Posted at 5:52 PM \| Permalink \| Comments
	A second day of strength on the street Aaron Smith January 24, 2008 Today marked a second day of strength in the stock market as investors bid up stocks that they believed had been oversold in the recent market drubbing. The Dow was choppy throughout the day, but stayed mostly in positive territory,... Continue Reading Posted at 3:52 PM \| Permalink \| Comments
Jan23	First to worst and worst to first? Aaron Smith January 23, 2008 The concept of the biggest losers becoming the biggest gainers and the biggest gainers becoming the laggards has hit full stride on the street in the last couple of days. Beginning yesterday with the Fed rate cuts and continuing into... Continue Reading Posted at 5:43 PM \| Permalink \| Comments
	Amazing intraday turnaround as stocks finish much higher Aaron Smith January 23, 2008 Once again, an absolutely amazing day on wall street. To say that the street is volatile right now is a huge understatement. The day could very easily be split in half, with the first half of the day today belonging... Continue Reading Posted at 4:11 PM \| Permalink \| Comments
Jan22	Fed rate cut and economic stimulus package, are they enough? Aaron Smith January 22, 2008 The message has gotten out, the U.S. economy is weakening and fast. A few months ago financial junkies were talking all about it, but just in the last few weeks the economy has caught the full attention of main street... Continue Reading Posted at 5:21 PM \| Permalink \| Comments
	Wildest day in years, Fed rate cut helps stocks to smaller losses Aaron Smith January 22, 2008 In what could only be described as a very unique and wild day, the stock market gapped lower at the open and then charged higher to cut its losses significantly by the end of the day. World markets plunged yesterday... Continue Reading Posted at 3:44 PM \| Permalink \| Comments
Jan21	Weekly Earnings Preview for January 22nd-January 25th Aaron Smith January 21, 2008 The coming week on wall street will be a very quiet one from an economic data standpoint, but an extremely busy one for earnings reports. Earnings season kicks into full gear this week, and there are a whole lot of... Continue Reading Posted at 5:34 PM \| Permalink \| Comments
	Around the investment blogging world Aaron Smith January 21, 2008 It has been a while since our last edition of around the investment blogging world and I thought now was a great time to see what is being said about the current market situation. Around the investment blogging world gives... Continue Reading Posted at 12:42 PM \| Permalink \| Comments
Jan20	Lessons learned in the recent dismal trading action Aaron Smith January 20, 2008 This post was something that hadn't been planned, but the recent dismal action of the stock markets all around the world had me thinking that this would certainly fit into our 2008 investment knowledge series. I want to look at... Continue Reading Posted at 6:06 PM \| Permalink \| Comments
Jan19	10 stocks that could be buying opportunities in the current selloff Aaron Smith January 19, 2008 The beginning of 2008 has been horrible for the stock markets all around the world. The economic news is not encouraging and on the television every day all we hear is gloom and doom. I agree that the environment is... Continue Reading Posted at 10:10 AM \| Permalink \| Comments
Jan17	Nowhere to hide in stocks as Bernanke disappoints Aaron Smith January 17, 2008 The big story of the day today was the Ben Bernanke testimony and whether he would provide some relief for our market. He didn't. Sure Bernanke said he supported a stimulus plan, but most economists believe that falls far short... Continue Reading Posted at 4:44 PM \| Permalink \| Comments
Jan15	Market erases yesterday's gains as bears take control Aaron Smith January 15, 2008 So much for yesterday's strength in the stock market. Today the market was as jittery as ever as continued negative news from the financial sector made investors run for the exits. The Dow finished the day down 277 points. The... Continue Reading Posted at 3:51 PM \| Permalink \| Comments
Jan14	Stocks jump higher on IBM news and oversold conditions Aaron Smith January 14, 2008 Stocks finished the day much higher after positive earnings news from IBM helped lead the major market averages into the green. The Dow gained 172 points on the day, and the broader S&P 500 gained 15. The Nasdaq was the... Continue Reading Posted at 6:55 PM \| Permalink \| Comments
	Fidelity Magellan Fund to reopen, should you jump at the chance? Aaron Smith January 14, 2008 Today it was made official, the Fidelity Magellan Fund (FMAGX) is being re-opened to new investors. The fund had closed itself to new funds and outside investment commitments in 1997 due to rapid growth in new capital. Fidelity said today... Continue Reading Posted at 5:21 PM \| Permalink \| Comments
Jan13	Weekly market preview January 14th-January 18th Aaron Smith January 13, 2008 M Continue Reading Posted at 6:01 PM \| Permalink \| Comments
	2008 Checklist for individual investors Aaron Smith January 13, 2008 As part of the 2008 investment knowledge series I thought it would be beneficial to create a checklist for individual investors. This checklist will provide investors with an idea of what kind of things they should be doing while investing... Continue Reading Posted at 12:11 PM \| Permalink \| Comments
Jan10	Bank of America to buy Countrywide? Aaron Smith January 10, 2008 According to a person with knowledge of the discussions, Bank of America (NYSE:BAC) is in serious talks to acquire Countrywide Financial Corporation (NYSE:CFC). California-based Countrywide has been speculated to be in severe danger of being forced to declare bankruptcy. It has... Continue Reading Posted at 4:13 PM \| Permalink \| Comments
Jan 9	Foreclosure radar a sign of the times Aaron Smith January 9, 2008 A website devoted to listing every foreclosure opportunity in the state of California, it is most certainly a sign of the times in the United States housing market. Foreclosureradar.com has a large amount of software and analysis tools that allows you... Continue Reading Posted at 5:42 PM \| Permalink \| Comments
	Reversal helps stocks finish higher Aaron Smith January 9, 2008 The stock market was extremely topsy turvy once again today as it has been all week. Stocks opened slightly higher, before the Dow fell by almost 100 by 2:15. It looked as if the stock market was headed to another... Continue Reading Posted at 3:58 PM \| Permalink \| Comments
Jan 8	Bear alert! Stocks plunge again. Aaron Smith January 8, 2008 The bears are taking control of the U.S. stock market, at least for now. Stocks plunged in the last hour and a half of trading. The Dow lost almost 300 points in just 90 minutes as investors frantically ran for... Continue Reading Posted at 3:52 PM \| Permalink \| Comments
Jan 7	Topsy turvy day ends with little change for major averages Aaron Smith January 7, 2008 It was a day with violent swings in the market, but it was a day where when all was said and done, there was little change. The Dow rose by as much as 84 points in the early morning hours,... Continue Reading Posted at 3:33 PM \| Permalink \| Comments
Jan 6	Weekly market preview for Jan. 7th- Jan. 11th Aaron Smith January 6, 2008 After a horrible first three trading days of the year, investors will look to this week to see if stocks can regain any footing. The economic data from last week was the primary cause of the tremendous selloff to start... Continue Reading Posted at 4:40 PM \| Permalink \| Comments
Jan 5	8 things to remember when investing in 2008 Aaron Smith January 5, 2008 As another part of the 2008 investment knowledge series I wanted to post of eight things to remember when investing in 2008. We already looked at ten investing mistakes to avoid in 2008, so now its time to take a... Continue Reading Posted at 4:03 PM \| Permalink \| Comments
	2008 housing market outlook, what should homebuyers do? Aaron Smith January 5, 2008 The economy in the last couple quarters has been very changeable, with some parts of the economy showing strength and some areas experiencing severe downturns. The poster child of the weakest part of the economy has been the housing market,... Continue Reading Posted at 1:19 PM \| Permalink \| Comments
Jan 4	Stocks tumble into the weekend after scary jobs data Aaron Smith January 4, 2008 Stocks tumbled into the weekend as economic recession fears grew after the unemployment rate rose to its highest level since November 2005. The market started lower this morning and extended its losses throughout the day, finishing at its lowest levels... Continue Reading Posted at 5:25 PM \| Permalink \| Comments
Jan 3	Top Five Tech Stocks in 2008 Aaron Smith January 3, 2008 Technology stocks get a lot of coverage on television as well as the web because a lot of investors have interest in technology stocks. Why do technology stocks get so much press? Quite frankly because technology is always a place... Continue Reading Posted at 5:53 PM \| Permalink \| Comments

« December 2007 | Main | February 2008 »

Jan30	Stocks lose initial reaction gains after Fed meeting, end lower Aaron Smith January 30, 2008 Know More: Stocks economy, fed announcement, fed news, federal reserve meeting january 30, FOMC meeting January 30, interest rates The initial reaction was for stocks to jump, but at the end of the day stocks finished slightly lower. At 2:15 the FOMC announced an additional 50 basis point cut in the fed funds target rate. The market was initially euphoric, but a very late selloff spoiled the party. The Dow finished lower by 37, while the Nasdaq finished down by 9 points. The S&P 500 finished down 6.49, or 0.48%. Financials were the market leader both to the up and downside this afternoon. In the initial surge they were the leader, but they also led the way lower at the close of the session. American International Group (NYSE:AIG) shares lost 4.34% on the day. Merrill Lynch (NYSE:MER) fell 2.42% and Bear Stearns (NYSE:BSC) lost 3.68% in today's trading. Prudential Financial (NYSE:PRU) lost 2.67% in today's session. Fannie Mae (NYSE:FNM) was weak the entire day, and finished lower by 5.59%. Energy stocks were also quite weak today, finishing near their lows of the session.The Chinese oil companies were particularly weak today. Petrochina (NYSE:PTR) plunged 4.04% on heavy volume and Sinopec (NYSE:SNP) shares plunged 6.22%. Baker Hughes (NYSE:BHI) shares plummeted 8.61% after a disappointing sales outlook worried investors. Transocean (NYSE:RIG) shares lost 2.64% on the session. Notable 52 Week Lows Wyeth (NYSE:WYE) This big pharma stock lost 2.88% to hit a new low. Yahoo (Nasdaq:YHOO) Lost 8.55% on another disappointing earnings report and news of job cuts. Amylin (Nasdaq:AMLN) This once hot biotech company has come under significant pressure of later. Continue Reading Posted at 5:26 PM \| Permalink \| Comments
Jan29	FOMC Monetary Policy Meeting Preview Aaron Smith January 29, 2008 Since tomorrow's monetary policy meeting has so much riding on it, I decided to put together a quick preview of what is expected and explain what the Federal Reserve's decision truly is. What's at stake in this monetary policy meeting? That... Continue Reading Posted at 4:29 PM \| Permalink \| Comments
Jan28	Stocks jump on hopes of further rate cuts Aaron Smith January 28, 2008 Stocks jumped today as investors hopes for additional rate cuts fueled fairly widespread buying. Though the Fed cut rates by 75 basis points last week, many believe that an additional cut is coming this Wednesday. Those rate cut hopes propelled... Continue Reading Posted at 4:43 PM \| Permalink \| Comments
Jan27	Weekly Earnings Preview for January 28th-February 1st Aaron Smith January 27, 2008 As a followup to tonight's first post regarding the weekly preview for economic data this week, let us now take a look at the earnings preview for the week ahead. Monday January 28thCorning (NYSE:GLW) Corning is a company that seems... Continue Reading Posted at 5:12 PM \| Permalink \| Comments
	Weekly Economic Data Preview Aaron Smith January 27, 2008 Since this week is such a huge week for both economic data and earnings reports, I decided to split up the previews. First up let's take a look at the economic data that will be released this week. Monday January... Continue Reading Posted at 2:32 PM \| Permalink \| Comments
	The decreasing returns of CD's and money markets Aaron Smith January 27, 2008 With their 75 basis point rate cut last week the FOMC likely helped the economy in the long run, but they certainly didn't help the returns on certificates of deposits, money market accounts, or checking accounts. As soon as the... Continue Reading Posted at 12:40 PM \| Permalink \| Comments
Jan24	The 2008 Tax Rebate- Economic Stimulus plan nitty gritty Aaron Smith January 24, 2008 Today the details of the economic stimulus plan, aimed at stunting a possible recession, were revealed. The plan was designed by the congress and the President to go toward those who need it most as well as those who are... Continue Reading Posted at 5:52 PM \| Permalink \| Comments
	A second day of strength on the street Aaron Smith January 24, 2008 Today marked a second day of strength in the stock market as investors bid up stocks that they believed had been oversold in the recent market drubbing. The Dow was choppy throughout the day, but stayed mostly in positive territory,... Continue Reading Posted at 3:52 PM \| Permalink \| Comments
Jan23	First to worst and worst to first? Aaron Smith January 23, 2008 The concept of the biggest losers becoming the biggest gainers and the biggest gainers becoming the laggards has hit full stride on the street in the last couple of days. Beginning yesterday with the Fed rate cuts and continuing into... Continue Reading Posted at 5:43 PM \| Permalink \| Comments
	Amazing intraday turnaround as stocks finish much higher Aaron Smith January 23, 2008 Once again, an absolutely amazing day on wall street. To say that the street is volatile right now is a huge understatement. The day could very easily be split in half, with the first half of the day today belonging... Continue Reading Posted at 4:11 PM \| Permalink \| Comments
Jan22	Fed rate cut and economic stimulus package, are they enough? Aaron Smith January 22, 2008 The message has gotten out, the U.S. economy is weakening and fast. A few months ago financial junkies were talking all about it, but just in the last few weeks the economy has caught the full attention of main street... Continue Reading Posted at 5:21 PM \| Permalink \| Comments
	Wildest day in years, Fed rate cut helps stocks to smaller losses Aaron Smith January 22, 2008 In what could only be described as a very unique and wild day, the stock market gapped lower at the open and then charged higher to cut its losses significantly by the end of the day. World markets plunged yesterday... Continue Reading Posted at 3:44 PM \| Permalink \| Comments
Jan21	Weekly Earnings Preview for January 22nd-January 25th Aaron Smith January 21, 2008 The coming week on wall street will be a very quiet one from an economic data standpoint, but an extremely busy one for earnings reports. Earnings season kicks into full gear this week, and there are a whole lot of... Continue Reading Posted at 5:34 PM \| Permalink \| Comments
	Around the investment blogging world Aaron Smith January 21, 2008 It has been a while since our last edition of around the investment blogging world and I thought now was a great time to see what is being said about the current market situation. Around the investment blogging world gives... Continue Reading Posted at 12:42 PM \| Permalink \| Comments
Jan20	Lessons learned in the recent dismal trading action Aaron Smith January 20, 2008 This post was something that hadn't been planned, but the recent dismal action of the stock markets all around the world had me thinking that this would certainly fit into our 2008 investment knowledge series. I want to look at... Continue Reading Posted at 6:06 PM \| Permalink \| Comments
Jan19	10 stocks that could be buying opportunities in the current selloff Aaron Smith January 19, 2008 The beginning of 2008 has been horrible for the stock markets all around the world. The economic news is not encouraging and on the television every day all we hear is gloom and doom. I agree that the environment is... Continue Reading Posted at 10:10 AM \| Permalink \| Comments
Jan17	Nowhere to hide in stocks as Bernanke disappoints Aaron Smith January 17, 2008 The big story of the day today was the Ben Bernanke testimony and whether he would provide some relief for our market. He didn't. Sure Bernanke said he supported a stimulus plan, but most economists believe that falls far short... Continue Reading Posted at 4:44 PM \| Permalink \| Comments
Jan15	Market erases yesterday's gains as bears take control Aaron Smith January 15, 2008 So much for yesterday's strength in the stock market. Today the market was as jittery as ever as continued negative news from the financial sector made investors run for the exits. The Dow finished the day down 277 points. The... Continue Reading Posted at 3:51 PM \| Permalink \| Comments
Jan14	Stocks jump higher on IBM news and oversold conditions Aaron Smith January 14, 2008 Stocks finished the day much higher after positive earnings news from IBM helped lead the major market averages into the green. The Dow gained 172 points on the day, and the broader S&P 500 gained 15. The Nasdaq was the... Continue Reading Posted at 6:55 PM \| Permalink \| Comments
	Fidelity Magellan Fund to reopen, should you jump at the chance? Aaron Smith January 14, 2008 Today it was made official, the Fidelity Magellan Fund (FMAGX) is being re-opened to new investors. The fund had closed itself to new funds and outside investment commitments in 1997 due to rapid growth in new capital. Fidelity said today... Continue Reading Posted at 5:21 PM \| Permalink \| Comments
Jan13	Weekly market preview January 14th-January 18th Aaron Smith January 13, 2008 M Continue Reading Posted at 6:01 PM \| Permalink \| Comments
	2008 Checklist for individual investors Aaron Smith January 13, 2008 As part of the 2008 investment knowledge series I thought it would be beneficial to create a checklist for individual investors. This checklist will provide investors with an idea of what kind of things they should be doing while investing... Continue Reading Posted at 12:11 PM \| Permalink \| Comments
Jan10	Bank of America to buy Countrywide? Aaron Smith January 10, 2008 According to a person with knowledge of the discussions, Bank of America (NYSE:BAC) is in serious talks to acquire Countrywide Financial Corporation (NYSE:CFC). California-based Countrywide has been speculated to be in severe danger of being forced to declare bankruptcy. It has... Continue Reading Posted at 4:13 PM \| Permalink \| Comments
Jan 9	Foreclosure radar a sign of the times Aaron Smith January 9, 2008 A website devoted to listing every foreclosure opportunity in the state of California, it is most certainly a sign of the times in the United States housing market. Foreclosureradar.com has a large amount of software and analysis tools that allows you... Continue Reading Posted at 5:42 PM \| Permalink \| Comments
	Reversal helps stocks finish higher Aaron Smith January 9, 2008 The stock market was extremely topsy turvy once again today as it has been all week. Stocks opened slightly higher, before the Dow fell by almost 100 by 2:15. It looked as if the stock market was headed to another... Continue Reading Posted at 3:58 PM \| Permalink \| Comments
Jan 8	Bear alert! Stocks plunge again. Aaron Smith January 8, 2008 The bears are taking control of the U.S. stock market, at least for now. Stocks plunged in the last hour and a half of trading. The Dow lost almost 300 points in just 90 minutes as investors frantically ran for... Continue Reading Posted at 3:52 PM \| Permalink \| Comments
Jan 7	Topsy turvy day ends with little change for major averages Aaron Smith January 7, 2008 It was a day with violent swings in the market, but it was a day where when all was said and done, there was little change. The Dow rose by as much as 84 points in the early morning hours,... Continue Reading Posted at 3:33 PM \| Permalink \| Comments
Jan 6	Weekly market preview for Jan. 7th- Jan. 11th Aaron Smith January 6, 2008 After a horrible first three trading days of the year, investors will look to this week to see if stocks can regain any footing. The economic data from last week was the primary cause of the tremendous selloff to start... Continue Reading Posted at 4:40 PM \| Permalink \| Comments
Jan 5	8 things to remember when investing in 2008 Aaron Smith January 5, 2008 As another part of the 2008 investment knowledge series I wanted to post of eight things to remember when investing in 2008. We already looked at ten investing mistakes to avoid in 2008, so now its time to take a... Continue Reading Posted at 4:03 PM \| Permalink \| Comments
	2008 housing market outlook, what should homebuyers do? Aaron Smith January 5, 2008 The economy in the last couple quarters has been very changeable, with some parts of the economy showing strength and some areas experiencing severe downturns. The poster child of the weakest part of the economy has been the housing market,... Continue Reading Posted at 1:19 PM \| Permalink \| Comments
Jan 4	Stocks tumble into the weekend after scary jobs data Aaron Smith January 4, 2008 Stocks tumbled into the weekend as economic recession fears grew after the unemployment rate rose to its highest level since November 2005. The market started lower this morning and extended its losses throughout the day, finishing at its lowest levels... Continue Reading Posted at 5:25 PM \| Permalink \| Comments
Jan 3	Top Five Tech Stocks in 2008 Aaron Smith January 3, 2008 Technology stocks get a lot of coverage on television as well as the web because a lot of investors have interest in technology stocks. Why do technology stocks get so much press? Quite frankly because technology is always a place... Continue Reading Posted at 5:53 PM \| Permalink \| Comments

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