Current Financial News

Warren the PimpAmerican Express Company (NYSE:AXP) shares are down 50% in the last 3 months and trading under $20 a share.  Why care?  First off, Berkshire Hathaway is its largest stockholder with 151 million, or 13%, of AXP shares. Barron's says "Berkshire's stake suggests the company's stock may be near a bottom".

World Beer Sales Down: Short Beer Makers

Homer BeerWorld Beer sales are slipping, and dudes like Homer are drinking less.  That means beer companies are going to be making less money in 2009, so let's get drunk and short them all.

More Dark Side Ideas: Oil Stocks

Darth Vader ChokeGreat rally today, but before you go thinking oil is making a comeback, think again. 

Oil prices have already been cut in half since the summer and consider all of those oil related companies that will be reporting bleek profits.  Get ready for the force grip to grab onto oil services, oil sands, and the biggest of the oil companies. 

You don't know the Power of the Dark Side.

 

Did you join the Dark Side yet?

Stocks mentioned: Hewlett-Packard Company (Public, NYSE:HPQ), Bankrate, Inc.  (Public, NASDAQ:RATE)

 

Back in September, I wrote a couple of articles about joining the Dark Side and taking up a short position. For those of you who joined the Evil Sith Lord Shorters, you made out pretty good over the last couple of months. A 96.30% average gain is nothing to scoff at. Here is a recap of my recommendations – plus 2 more stocks to help you join the Dark Side:

Have we Found the Bottom Yet?

Ben Stien theStockMasters.comAnyone, Anyone?  The DOW is almost below 8,000 so have we finally hit bottom?  Where will stocks go from here? And why does America still care about Sarah Palin? These questions and more, in this article, Mastery Style.

It looks like it’s time to change the name of ourbankrupt country from the United States of America to the United States of Broke-Town, population 200 million.

On November 10, 2008, the Federal Reserve conducted an auction of $150 billion in 17-day credit through its Term Auction Facility. This was a forward auction designed to provide term funding over year-end--the awarded loans will settle on December 22, 2008. Following are the results of the auction: Total propositions accepted: $12.629 billion

Giggity Giggity Google: Time to Buy (GOOG)

Giggity Giggity Google - Glen QuagmireGoogle Inc. (NASDAQ:GOOG) shares are at new low today but analysts and even Jim Cramer himself are going to bat for the case to buy Google shares on the cheap.  Que Quagmire...

Oil prices dropped below $57 a barrel

Oil prices dropped below $57 a barrel Wednesday as a Bank of England warning about the risk of deflation stoked fears of stagnating global growth.

Light, sweet crude for December delivery was down $2.49 at $56.85 a barrel on the New York Mercantile Exchange. Oil prices have plunged more than 60 percent in four months, falling from a record $147.27 in July

Phil Flynn, an analyst at Alaron Trading Corp., said London's expectation that inflation will fall below its target of 2 percent next year plays into a strong dollar; when a country's inflation rate falls, it is less likely

http://cache.gizmodo.com/assets/resources/2008/01/leavinglasvegas.jpgLas Vegas Sands Corp. (NYSE:LVS) shares are about to take a hit, thanks to its new offering at $5.50 a share.  Keep in mind shares before they were halted were at $8. They aren't Leaving Las Vegas but at what price Time for a drink.

Expedia Inc (EXPE) Below $10?

The stock market is in free-fall right now - but there are a lot of bargain stocks that look too good to pass up. Expedia, Inc.  (Public, NASDAQ:EXPE) is one that caught my eye.

Think about it like this, if you saw Scarlett Johansen bloody and beaten on the side of the road, you’d still want to take her home and nurse her back to health, because after the blood is washed and the wounds are healed, she’s going to be drop-dead hot like she always was.

Expedia is trading at just 7.94 time 2008 earnings and 6.5 times 2009 earnings. The travel industry is literally beaten and bloody, laying in a gutter, and choking on its own vomit right now. In spite of that, like my analogy above, it’s not going to be that way forever.