Today’s Buys

For my long term portfolio I bought the following: Added shares of Nike (NKE) at $55.35  Bought shares of Endo Pharmaceuticals Holdings (ENDP) at $16.65.   For my short term portfolio I bought the following:  ProShares UltraShort S&P500 (SDS) at $55.90.  ProShares UltraLong Basic Materials (UYM) at $18.50.  ProShares UltrasShort Real Estate (SRS) at $20.

Market Update

Dow Chemical (DOW) dropped to $6.50 today. I am now convinced that if the Rohm & Haas deal is completed that Dow will not be a viable company. It is finally in Rohm & Haas best interest to negotiate a lower price. If the deal is completed Dow will be running to the government for funding. […]

Nike’s Job Cuts

Nike announced that the company will be eliminating 1400 jobs in the coming year. The athletic shoe retailer determined that job cuts were needed for cost savings. The preemptive job cut has me wondering if Nike will be able to meet earnngs expectations for next month’s quarterly earnings. Nike has been a bellwether of economic growth by increasing earnings for the […]

Nike Should Buy Under Armour

During these turbulent economic times, companies with strong balance sheets should look to gain market share and boost long term revenue by acquiring smaller competitors at discounted prices. Nike (NKE) is in an ideal position with enough cash to acquire Under Armour for pennies on the dollar. Nike’s was one of the few companies whose previous […]

4 Stocks for the Long Haul

I own stock in each of these companies and have never sold a share. I look to add to my positions when I think the prices are cheap. This is by no means a recommendation for you to buy these stocks. I just think that the information may be useful. 1. BP – This is my […]