Dow Crosses Over 9000

I added more shares of Lockheed Martin (LMT) at $75.50 today. While the market has rallied Lockheed has declined. I also bought the UltraShort Dow Jones ETF (DXD) at $41.80 today. The Dow is looking overbought at 9000.

Today’s Buys

I picked up shares of Lockheed Martin (LMT) at $76 per share today. Lockheed has dropped from the mid 80’s after reporting a decline in profitability and amidst news that the US government cut funding for the F-22 fighter jet program. I think the nation’s largest defense contractor is very attractive at this level. It’s trading at just 10 times […]

S&P 500

Picked up shares of SPXU at $65.00 today. I think the S&P 500 is due for some kind of pullback.

Speculative Play

I bought a couple hundred shares of CIT Group for a quick trade. There is no fundamental reason for this purchase. It’s pure speculation. CIT is a dollar stock and may go bankrupt.

Value Plays

I bought shares of Kroger (KR) at $21.50 and Nokia (NOK) at $12.90 today. Kroger is a great grocery chain whose stock trades close to its 52 week low. Nokia has been beaten down after announcing terrible quarterly results last week.

Yum! Yum! Good!

I started a small position in YUM! Brands (YUM) at $33.60 for my long term stock portfolio. I have had YUM! on my radar for awhile and it piqued my interest when I heard Karen Finerman discussing YUM! on CNBC’s Fast Money. She discussed how YUM! was trading at a cheaper valuation than other casual dining chains like Cheesecake […]

Earnings Seasons for Financials

Here’s my take on each of the financial companies earnings:   Goldman Sachs It was a great quarter for Goldman Sachs. The investment bank had huge gains from its trading operations and bond offering business. I know that everyone is saying buy Goldman right here and now but I wouldn’t buy the stock at its current […]

Semiconductor Buy

Added shares of Fairchild Semiconductor(FCS) at $8.50 today.

Trade Loss

Took off SDS SPXU, FAZ trade early this morning. Lost about 4% and 6% on these ETF’s. I will get back in later.

Up…Down…And Back Up Again

Today was a weird day in the market. The Dow opened positive, turned negative and then soared almost 200 points to end the day. The market was fueled by upgrades by analysts to financial stocks Goldman Sachs, Bank of America and JP Morgan. The interesting part is that these stocks have seen extreme run ups […]