Thats all anyone wants to know after another agonizing day where the dow plunged 760 points and the s p plummeted 2. 98 and this is because of chinas latest move to retaliate against trump by turning the trade war into a much feared currency war. We had big milestones that make me want to call the bottom most other markets, thats exactly what ive been doing but in this market, i think we need to be more cautious because i fear an opening tomorrow that will suck people in only to revisit the lows we saw today and then some and im not going to let that happen on my watch weve reached a level where the downside to upside ratio was 10 1. 101 the late great mark gains said you had to buy something. You had to buy something you had to buy anything or youll regret it he did call the haynes bottom 101 call. I grieve with the latest we seen all kinds of stocks get thrown out even though they have nothing to do with china were listening to crazy theories could what could happen next people are b
The road map begins with ibm, sales falling for the 13th straight quarter. Ibm not the only stock were reporting on this busy weeks this week. Mixed quarters for vz and united technologies. And facebook the company overtaking overtaking General Electric in market value. Ibm, sales down. Adjusted earnings did beat but the performance of the traditional and software dragging. Earnings hurt by the strong dollar. And they expected a slightly stronger currency impact. The cfo is calling the results a reflection of where we see longterm value in i. T. This will take some time. I think one of the things that happened that was wrong were ibm was that the stock ran in anticipation this would somehow be a breakout quarter. The cf so great. He made it clear it wasnt going to be a great quarter. I kept thinking what about what he said made him feel like this was the one. Software was not as long as id like. Backlog did grow. There were problems in brazil russia, india, china. I am not defending th
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Chevron Corp. (NYSE:CVX) ranks 4th in Insider Monkey’s list of the 9 Best Energy Dividend Stocks to Buy Now. Click to see the full list of 9 Best Energy Dividend Stocks to Buy Now. Before analyzing Chevron Corp. (NYSE:CVX) , let’s see what’s happening in the dividend investing space these days. Volatility is prevailing in […]
Volatility is prevailing in the energy sector amid geopolitical risks, China-related growth worries and overall fear of recession as inflation remains elevated across the globe.