The Bloomberg article says that AT&T and Verizon are “planning a venture plan” that is to displace credit and debit cards with smartphones, and such plan is posing a new threat to Visa Inc. and MasterCard Inc. The trial would be the carriers’ biggest effort to spur mobile payments in the U.S. and supplant more Continue reading →
Archive for 2010
Why is Visa a great buy opportunity?
Recently Visa (V) was pushed down several times and mostly because of boo news. Somebody is clearly manipulating the stock. Somebody is scared of Visas prospect. Why? Who knows and who cares. The best of all this is, that Visa is still a 100 dollars stock. Buying at these levels we experience today provide you Continue reading →
Picks 07/26 – 07/30
This week the stock market was like a ride on a Roller coaster. Stocks were driven by sentiment and news about earnings. One day a great optimism about companies making great money switched to a pessimism that those same companies didn’t make as great deal as originally claimed. Sometimes I feel like it would be Continue reading →
All notes in Lending Club current
As I feared on Friday last week that one of my notes may default, the borrower paid today. So all my notes are current. It however doesn’t mean anything, since the borrower may default next time, but at least the risk is lower now. Today I also purchased a new loan note completely funded by Continue reading →
Picks 07/19 – 07/23
I am presenting you with my weekly results of my effort in building my money making machine. See my investments and their results in my three accounts: Trading account, which is my aggressive portfolio buying individual stocks, my ROTH IRA retirement account which is my dividend investing portfolio and an account with Lending Club – Continue reading →
Better than expected earnings reports moved indexes up
Some companies which are major components of S&P 500 reported better than expected earnings. That moved the stock market to a rally attempt. Will this be a sufficient catalyst for the market to sustain the growth? We will see. Caterpillar Inc., 3M Co., UPS Inc. and AT&T Inc. all topped earnings forecasts and raised their Continue reading →
Picks 07/12 – 07/16
Trading Account: New [tag]stock picks[/tag] this week: Stocks bought or added to portfolio this week: none Stocks dropped from portfolio this week: none Stocks watched this week: none Existing & new [tag]holdings[/tag]: Symbol Qty Last Gain($) Gain(%) Stop ATR Risk tostop (%) [tag]V[/tag] 20 71.45 -93.19 -6.12 67.28 2.3500 -11.60 Contribution this week: $0 Current Continue reading →
Market back in correction
Trading ended with a huge loss today: NEW YORK (Reuters) – Downbeat consumer sentiment data and weak revenues from GE and two big banks slammed stocks on Friday, driving major indexes down more than 2.5 percent. The Dow Jones industrial average (DJI:^DJI) slid 261.41 points, or 2.52 percent, to end unofficially at 10,097.90. The Standard Continue reading →
Market under pressure
The market opened lower today and is under pressure slipping back into correction. As I expected, the earnings wasn’t very good so far: bank revenues lag, Google disappoints, and Consumer Sentiment falls from previous 76 to 66 points and that drags the market down. As of this morning the Dow was 10,199.39 -159.92 -1.54% Nasdaq 2,208.07 -41.01 -1.82% and Continue reading →
Lending Club
Some time ago when the entire market was going down I was thinking how else I could boost my savings to create wealth faster than just by saving $100 a month. I was thinking whether to take a second job or not, or how to increase the money I can invest. This is why I Continue reading →
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