I'm not feeling very well today. Unfortunately I will not be blogging. I have tomorrow off from work. If I feel better in the morning I will have a post for everyone. If not I will be back in action on Sunday.
Have a great night!
Clay-
Thursday, September 30, 2010
Sunday, September 26, 2010
Solid Week For The Stock Market
I will be brief today as I'm celebrating my Dad's Birthday! Happy Birthday Dad!
What more can I say? The stock market had a very solid week. Friday sealed the deal with another great trading day allowing the NASDAQ and the S&P 500 to finish up over 2% on the day, with the DJIA just shy of 1.9%. The optimism is here! Investors have become more willing to invest their hard earned dollars and this week was another sign of hope for the future of higher stock prices.
Also, I would like to mention that 2 of my Monster Status stocks continue to be working. Those 2 stocks would be Apple and Caterpillar. Just Friday they both hit their 52 week high.
Apple (AAPL) 52 week high $292.32
Cat (CAT) 52 week high $79.93
These 2 stocks are a must own in every one's portfolio. Other honorable mention is Weatherford International (WFT). This stock has moved off its 52 week low of $12.34 and its moved up to its highest closing price in 4 months of $17.26 on Friday. I still continue to believe in this stock. This stock is moving in an upward trend and should continue higher as we get closer to earnings season. If you haven't noticed I continue to focus on the same stocks. I do this because I believe they have the greatest potential for gains and if the investment outlook changes paths I will change my mind. Until then I will back all of recommendations. Soon we will be coming up on our 6 month mark for the stock prediction game. I'm telling you in advance that some of my picks I will be replacing with other stocks that have a greater potential of making money. I won't mention any names, but a couple of stocks have turned out to be dogs. I don't have time to be wasting money for myself and others. So be ready for a new and improved stock list coming in late October/Early November.
Well that's all I have for today! The stock market is looking good. Look for stocks to sell off next week and maybe a few buying opportunities will arise from a much needed sell off.
Clay-
Monster Status (definition of stocks I currently like)
Have a Question? Send Questions to wheatleycsmk@gmail.com
New Content every Thursday and Sunday.
Occasional Stock Market Commentary during the week.
Feedback Welcome!
Interested? Please become a follower (This gives me an accurate number of readership) I would like to see this number grow! Click the follow button on the right hand side of the screen and follow the prompts. It's easy!
What more can I say? The stock market had a very solid week. Friday sealed the deal with another great trading day allowing the NASDAQ and the S&P 500 to finish up over 2% on the day, with the DJIA just shy of 1.9%. The optimism is here! Investors have become more willing to invest their hard earned dollars and this week was another sign of hope for the future of higher stock prices.
Also, I would like to mention that 2 of my Monster Status stocks continue to be working. Those 2 stocks would be Apple and Caterpillar. Just Friday they both hit their 52 week high.
Apple (AAPL) 52 week high $292.32
Cat (CAT) 52 week high $79.93
These 2 stocks are a must own in every one's portfolio. Other honorable mention is Weatherford International (WFT). This stock has moved off its 52 week low of $12.34 and its moved up to its highest closing price in 4 months of $17.26 on Friday. I still continue to believe in this stock. This stock is moving in an upward trend and should continue higher as we get closer to earnings season. If you haven't noticed I continue to focus on the same stocks. I do this because I believe they have the greatest potential for gains and if the investment outlook changes paths I will change my mind. Until then I will back all of recommendations. Soon we will be coming up on our 6 month mark for the stock prediction game. I'm telling you in advance that some of my picks I will be replacing with other stocks that have a greater potential of making money. I won't mention any names, but a couple of stocks have turned out to be dogs. I don't have time to be wasting money for myself and others. So be ready for a new and improved stock list coming in late October/Early November.
Well that's all I have for today! The stock market is looking good. Look for stocks to sell off next week and maybe a few buying opportunities will arise from a much needed sell off.
Clay-
Monster Status (definition of stocks I currently like)
Have a Question? Send Questions to wheatleycsmk@gmail.com
New Content every Thursday and Sunday.
Occasional Stock Market Commentary during the week.
Feedback Welcome!
Interested? Please become a follower (This gives me an accurate number of readership) I would like to see this number grow! Click the follow button on the right hand side of the screen and follow the prompts. It's easy!
Thursday, September 23, 2010
Westport! Westport! Westport Innovations!
First off I would like to say the stock market is doing extremely well. We have had some positive data over the past week and today’s sell off is no big deal. The market has been running higher for the past couple weeks. Everything in life is required to have a cooling off period and today was one of them. Plus all the negative Nancy’s had a reason to complain because jobless claims were higher than expected. Big deal! One week! 3 out of 4 weeks of better jobless claims is a win in my book.
Now look at the title of this blog! Westport! I’m going to push this stock relentlessly until everyone that follows my blog has some portion of money in this bad boy. I haven’t come up with a nickname for this great Canadian company just yet, but I’m working on it.
Now I’m going to break it down one more time with Westport (WPRT). Just recently on Wednesday the buzz has come back into passing the energy bill that was sidelined right before the government went on vacation. If you watch TV or surf the Internet majority leader Harry Reid has brought the revised energy bill back on the table with confidence. The key word is Confidence! One of the major short term catalysts for Westport was and still is the passage of this new energy bill. This bill could potentially send WPRT stock to surge through the roof! This is no joke! Imagine a company as small as Westport with a current market cap of 748.19 Million getting money handed to them by the government. A couple $100 Million hand me out by the government and this stock could double if not triple in a short period of time. If this bill passes the government will basically give money back to those who purchase vehicles that run on natural gas instead of diesel. My day job is in transportation and the reduction of fuel cost is $$$ for any company that moves freight for a living. It’s a no brainer!
Back on September 12th I mentioned how WPRT was so quiet. I said that’s the best time to buy. Since then WPRT has spooled up like a TURBO and has blown past the majority of stocks going from a September 10th close of $16.62 a share to today’s close of $18.94. That’s roughly a 14% GAIN in 9 trading days. 9! Many look to pull of this kind of gain in a year. Westport did it in 9 days! Now don’t get too carried away, but there is plenty of buying interest in this stock ahead of the possibility of this energy bill to pass after the November elections. My suggestion is to wait for the stock to cool off. The volume has been big and my only guess is fund managers and large institutions are getting in ahead of the news. I say we still have plenty of time to get in before the big run up.
It’s not out of the question that WPRT could blow past its 52 week high by November! That means all of us could profit roughly another 13% with this stock by November. Hey I could be wrong, but I believe that November could really heat up this already great Canadian company we call Westport Innovations. Plus November is my birthday month! I’m feeling lucky.
Take a chance and put some money on the line with Westport Innovations. It’s a great play on alternative energy. Below are all my recent posts talking about WPRT. This truly is a great company that has moved up to Monster Status. Check it out!
http://stockmarketmonster.blogspot.com/2010/09/westport-innovations-wprt-why-so-quiet.html
http://stockmarketmonster.blogspot.com/2010/08/westport-innovations-w-p-r-t.html
http://stockmarketmonster.blogspot.com/2010/06/can-you-say-westport-innovations.html
Clay-
Monster Status (definition of stocks I currently like)
Monster Status- Apple (AAPL)
Monster Status- Caterpillar (CAT)
Monster Status- Weatherford International (WFT)
Monster Status- Westport Innovations (WPRT)
Monster Status- Kinder Morgan Energy Partners LP (KMP)
Have a Question? Send Questions to wheatleycsmk@gmail.com
New Content every Thursday and Sunday.
Occasional Stock Market Commentary during the week.
Feedback Welcome!
Interested? Please become a follower (This gives me an accurate number of readership) I would like to see this number grow! Click the follow button on the right hand side of the screen and follow the prompts. It's easy!
Now look at the title of this blog! Westport! I’m going to push this stock relentlessly until everyone that follows my blog has some portion of money in this bad boy. I haven’t come up with a nickname for this great Canadian company just yet, but I’m working on it.
Now I’m going to break it down one more time with Westport (WPRT). Just recently on Wednesday the buzz has come back into passing the energy bill that was sidelined right before the government went on vacation. If you watch TV or surf the Internet majority leader Harry Reid has brought the revised energy bill back on the table with confidence. The key word is Confidence! One of the major short term catalysts for Westport was and still is the passage of this new energy bill. This bill could potentially send WPRT stock to surge through the roof! This is no joke! Imagine a company as small as Westport with a current market cap of 748.19 Million getting money handed to them by the government. A couple $100 Million hand me out by the government and this stock could double if not triple in a short period of time. If this bill passes the government will basically give money back to those who purchase vehicles that run on natural gas instead of diesel. My day job is in transportation and the reduction of fuel cost is $$$ for any company that moves freight for a living. It’s a no brainer!
Back on September 12th I mentioned how WPRT was so quiet. I said that’s the best time to buy. Since then WPRT has spooled up like a TURBO and has blown past the majority of stocks going from a September 10th close of $16.62 a share to today’s close of $18.94. That’s roughly a 14% GAIN in 9 trading days. 9! Many look to pull of this kind of gain in a year. Westport did it in 9 days! Now don’t get too carried away, but there is plenty of buying interest in this stock ahead of the possibility of this energy bill to pass after the November elections. My suggestion is to wait for the stock to cool off. The volume has been big and my only guess is fund managers and large institutions are getting in ahead of the news. I say we still have plenty of time to get in before the big run up.
It’s not out of the question that WPRT could blow past its 52 week high by November! That means all of us could profit roughly another 13% with this stock by November. Hey I could be wrong, but I believe that November could really heat up this already great Canadian company we call Westport Innovations. Plus November is my birthday month! I’m feeling lucky.
Take a chance and put some money on the line with Westport Innovations. It’s a great play on alternative energy. Below are all my recent posts talking about WPRT. This truly is a great company that has moved up to Monster Status. Check it out!
http://stockmarketmonster.blogspot.com/2010/09/westport-innovations-wprt-why-so-quiet.html
http://stockmarketmonster.blogspot.com/2010/08/westport-innovations-w-p-r-t.html
http://stockmarketmonster.blogspot.com/2010/06/can-you-say-westport-innovations.html
Clay-
Monster Status (definition of stocks I currently like)
Monster Status- Apple (AAPL)
Monster Status- Caterpillar (CAT)
Monster Status- Weatherford International (WFT)
Monster Status- Westport Innovations (WPRT)
Monster Status- Kinder Morgan Energy Partners LP (KMP)
Have a Question? Send Questions to wheatleycsmk@gmail.com
New Content every Thursday and Sunday.
Occasional Stock Market Commentary during the week.
Feedback Welcome!
Interested? Please become a follower (This gives me an accurate number of readership) I would like to see this number grow! Click the follow button on the right hand side of the screen and follow the prompts. It's easy!
Sunday, September 19, 2010
Serious Sunday! Personal Finance Is No Joke!
I'm calling this post Serious Sunday. This is something that I must address because it's very important to me to share my opinion about money and the reason I believer investing in stocks is the best vehicle for financial success. But in order to invest you have to have money to begin with.
Think about all the problems that money creates. Think about how money affects your every day life. What do we use to buy things? Money! How do we put gas in our car? Money! Almost everything we do in life is tied to money, but yet most people don't pay attention to their finances. Many could care less. I'm here to say that is how you get into trouble. Here are some hard truths. Money is the number 1 cause of divorce! (Thanks Dave Ramsey). Not everyone has a high paying job. That's Life! The sad truth is its not what you know its who you know! You may never have a high paying job or even care to since more money usually entails a higher likelihood of responsibility. Money isn't evil! It all depends on what you do with your money. Without excess money you can't help yourself or others. "Broke Ain't Cool" (Juvenile famous rapper)
The key to having money is planning for your future. I'm tired of hearing the excuses of the general public not having any money. The United States has a wealth of opportunities to make a living and yet were still broke. Could this be because we are living above are means. I think so! I just watched a movie last night called "The Jone$es" It's a perfect example of what people do. Keeping up with the Joneses! That saying has been around for years. The Jone$es was very entertaining and a highly recommend this movie. Basically it refers to people who buy things to impress their neighbors and portray themselves as being rich. Keeping up with the Joneses is a recipe for disaster! This is the reason why credit is a billionaire dollar industry!
Retail stores make more money off credit card interest than they do with some of the products they sell! You may think your getting a deal when the cashier asks if you would like to open a store credit card and save 15% today. That day maybe! In the long run those stores will make their money back and then some from all the interest made on those cards. If they didn't make money they would be out of business. It's all about marketing! Ever thought about why the grocery store puts milk and bread on the opposite side of the store? It gives them a higher probability that you will buy something along the way since most people buy milk and bread on a weekly basis. Marketers get paid big money to find out what people like. That's how sales are created.
The resolution to all of this is think about your future. Being a slave to the credit card companies is robbing you of your resources. Instead of paying them you could be paying yourself and investing for your future. A new pair of jeans can wait! Starbucks? Not this time! I should pack my lunch instead of spending $7.00 today! That's $35.00 a week. $140.00 a month. $1,680.00 a year. Invest that money for 30 years averaging 12% that will put you at $454,091.58. Now that's a high quality mistake! McDonald's is good, but not that good! You see its all about the choices we make in life. If you want to have money make a choice to spend less than you make and invest for your future. Imagine that eating out everyday for 30 years could cost you a ton a money in retirement or on a serious note your life! When you get older medical bills will rise. If you have no money to cover your medication or surgeries you could potentially end up broke at the age of 65 living on social security. People social security isn't much! Don't rely on social security because I'm definitely not! Social Security isn't properly funded and will run out before I even reach retirement age.
The only person that can change your finances is YOU! It's the choices in life that can make us or break us! It's up to you to determine your financial future. No one else. I take my finances very seriously! I'm taking the steps to do what's best for my family. I suggest everyone do the same! I'm making the choice to not go out to eat as much. Not to buy that new big screen TV. I wish I could have the new iPad or latest and greatest car. Deep down inside I know that I can go without these things for a while. It's a want. Not a need! If I want to buy something I will save up for it. That's what are grandma's use to do. I'm making the choice to not pay the credit card companies and the banks. I want the money! Not them. Cash is king! If I don't have the money I don't spend it. It's as easy as that! The less money you give to the banks the more money you will have to invest for the future. The best vehicle hands down is investing in stocks. Make a plan and stick to it!
This post was intended for those that needed a little push to get the ball rolling. Personal fiance is no joke! If you have little money left over there is no way to invest. You have to have money to invest. The best way to do this is quick giving your money to the credit card companies and the banks. Save instead of being a slave!
Have a great Sunday!
Clay-
Think about all the problems that money creates. Think about how money affects your every day life. What do we use to buy things? Money! How do we put gas in our car? Money! Almost everything we do in life is tied to money, but yet most people don't pay attention to their finances. Many could care less. I'm here to say that is how you get into trouble. Here are some hard truths. Money is the number 1 cause of divorce! (Thanks Dave Ramsey). Not everyone has a high paying job. That's Life! The sad truth is its not what you know its who you know! You may never have a high paying job or even care to since more money usually entails a higher likelihood of responsibility. Money isn't evil! It all depends on what you do with your money. Without excess money you can't help yourself or others. "Broke Ain't Cool" (Juvenile famous rapper)
The key to having money is planning for your future. I'm tired of hearing the excuses of the general public not having any money. The United States has a wealth of opportunities to make a living and yet were still broke. Could this be because we are living above are means. I think so! I just watched a movie last night called "The Jone$es" It's a perfect example of what people do. Keeping up with the Joneses! That saying has been around for years. The Jone$es was very entertaining and a highly recommend this movie. Basically it refers to people who buy things to impress their neighbors and portray themselves as being rich. Keeping up with the Joneses is a recipe for disaster! This is the reason why credit is a billionaire dollar industry!
Retail stores make more money off credit card interest than they do with some of the products they sell! You may think your getting a deal when the cashier asks if you would like to open a store credit card and save 15% today. That day maybe! In the long run those stores will make their money back and then some from all the interest made on those cards. If they didn't make money they would be out of business. It's all about marketing! Ever thought about why the grocery store puts milk and bread on the opposite side of the store? It gives them a higher probability that you will buy something along the way since most people buy milk and bread on a weekly basis. Marketers get paid big money to find out what people like. That's how sales are created.
The resolution to all of this is think about your future. Being a slave to the credit card companies is robbing you of your resources. Instead of paying them you could be paying yourself and investing for your future. A new pair of jeans can wait! Starbucks? Not this time! I should pack my lunch instead of spending $7.00 today! That's $35.00 a week. $140.00 a month. $1,680.00 a year. Invest that money for 30 years averaging 12% that will put you at $454,091.58. Now that's a high quality mistake! McDonald's is good, but not that good! You see its all about the choices we make in life. If you want to have money make a choice to spend less than you make and invest for your future. Imagine that eating out everyday for 30 years could cost you a ton a money in retirement or on a serious note your life! When you get older medical bills will rise. If you have no money to cover your medication or surgeries you could potentially end up broke at the age of 65 living on social security. People social security isn't much! Don't rely on social security because I'm definitely not! Social Security isn't properly funded and will run out before I even reach retirement age.
The only person that can change your finances is YOU! It's the choices in life that can make us or break us! It's up to you to determine your financial future. No one else. I take my finances very seriously! I'm taking the steps to do what's best for my family. I suggest everyone do the same! I'm making the choice to not go out to eat as much. Not to buy that new big screen TV. I wish I could have the new iPad or latest and greatest car. Deep down inside I know that I can go without these things for a while. It's a want. Not a need! If I want to buy something I will save up for it. That's what are grandma's use to do. I'm making the choice to not pay the credit card companies and the banks. I want the money! Not them. Cash is king! If I don't have the money I don't spend it. It's as easy as that! The less money you give to the banks the more money you will have to invest for the future. The best vehicle hands down is investing in stocks. Make a plan and stick to it!
This post was intended for those that needed a little push to get the ball rolling. Personal fiance is no joke! If you have little money left over there is no way to invest. You have to have money to invest. The best way to do this is quick giving your money to the credit card companies and the banks. Save instead of being a slave!
Have a great Sunday!
Clay-
Wednesday, September 15, 2010
Lookin Good Stock Market!
Everything has been lining up perfectly. The stock market is firing on all cylinders. Next stop weekly jobless claims which should be released tomorrow as well as the (PPI) Producer Price Index. I believe the numbers will continue to be good with jobless claims falling 2 straight weeks. It will be a huge positive if we can get 3 in a row.
The stock market has been reacting very positive lately as investors are becoming more optimistic. That's what I like to see! Anyways that's the big market moving news for tomorrow. In the meantime continue to look for new investments. One area that has caught my attention is Energy. I personally would look to invest in an oil service company at the moment. The Energy sector has been crushed beyond belief and with crude oil inventories dropping for the past couple of weeks and the heating season is right around the corner everyone will need to put gas in their cars and heat their home. Personally I believe more gas is consumed in the winter because many people start their car in the morning and let sit idle to warm up. Just a thought!
My favorite oil service company is still Weatherford International (WFT), but I also like Schlumberger (SLB) the largest of the bunch. Other great names that I see have been moving up rather nicely is the Peoria Powerhouse! AKA Caterpillar (CAT). Just today it closed at $72.13 just $0.70 off its 52 week high of $72.83. CAT is no joke! They are here to stay. There will be many more great quarters for the Peoria Powerhouse. Also, on my favorite list is the all powerful Apple (AAPL). Just the other day Jim Cramer raised his price target to $325 a share. That means this stock could run another $50 a share. Don't be put off by the high stock price of $270.22. Just buy the thing! This a great quality company. With the iPad spreading like wild fire in China this stock will move much higher. This companies growth story is truly amazing! If I had to buy only one stock right now this would be my absolute pick.
Well that's it for me! Enjoy the rest of your week. I will be back on Sunday. I posted early because I will be attending a great Jason Mraz concert tomorrow. If you missed Sunday's blog from the 11th please fill out the questions at the end. Your responses are greatly appreciated!
Happy Trading!
Clay-
The stock market has been reacting very positive lately as investors are becoming more optimistic. That's what I like to see! Anyways that's the big market moving news for tomorrow. In the meantime continue to look for new investments. One area that has caught my attention is Energy. I personally would look to invest in an oil service company at the moment. The Energy sector has been crushed beyond belief and with crude oil inventories dropping for the past couple of weeks and the heating season is right around the corner everyone will need to put gas in their cars and heat their home. Personally I believe more gas is consumed in the winter because many people start their car in the morning and let sit idle to warm up. Just a thought!
My favorite oil service company is still Weatherford International (WFT), but I also like Schlumberger (SLB) the largest of the bunch. Other great names that I see have been moving up rather nicely is the Peoria Powerhouse! AKA Caterpillar (CAT). Just today it closed at $72.13 just $0.70 off its 52 week high of $72.83. CAT is no joke! They are here to stay. There will be many more great quarters for the Peoria Powerhouse. Also, on my favorite list is the all powerful Apple (AAPL). Just the other day Jim Cramer raised his price target to $325 a share. That means this stock could run another $50 a share. Don't be put off by the high stock price of $270.22. Just buy the thing! This a great quality company. With the iPad spreading like wild fire in China this stock will move much higher. This companies growth story is truly amazing! If I had to buy only one stock right now this would be my absolute pick.
Well that's it for me! Enjoy the rest of your week. I will be back on Sunday. I posted early because I will be attending a great Jason Mraz concert tomorrow. If you missed Sunday's blog from the 11th please fill out the questions at the end. Your responses are greatly appreciated!
Happy Trading!
Clay-
Sunday, September 12, 2010
Westport Innovations (WPRT) Why So Quiet?
I would first like to start out and say I was very pleased with stock market for the week. It has been the first positive week in quite some time. Reassurance is always good with a volatile market. Now let’s move onto the goodies!
Today I would like to bring (WPRT) Westport Innovations back on the map. It has been about a month since I mentioned this small cap stock. WPRT currently has a $656.54 million market cap. That’s very small in comparison to some companies. That means there is plenty of room to grow!
If you’re new to my blog please follow the link below to get up to speed on WPRT.
http://stockmarketmonster.blogspot.com/2010/08/westport-innovations-w-p-r-t.html
So over the past month this stock hasn’t done a thing! And I mean nothing! I want to reassure you that small cap stocks like WPRT come in and out of favor as much as the weather changes in Michigan. Small cap stocks are volatile in nature, but the reward to be able to weather the storm is well worth it.
Right now WPRT doesn’t have any catalysts to move the stock higher. I’m not saying that it won’t on Monday. I’m saying that the perfect buying opportunity is when a stock has been quiet for a period of time. Small cap stocks volume is driven by news. When there is no news the volume drops, hence the price of the underlying company goes down.
The last time I spoke of Westport the stock price was at $18.18. Its current closing price as of Friday was $16.62. So to all of you who were late to this article you haven’t missed a thing. You’re actually in a better position to profit from WPRT. The current price does not reflect the true value of WPRT. Just a couple months back this stock hit a 52 week high of $21.34. The only thing that has changed is the energy bill has been put on hold since the government couldn’t make up their minds before they went on vacation. On a positive note Westport had a great earnings report. Good enough to excite me!
The outlook is still positive as I have said before. Even without the passage of the current energy bill under review Westport still makes money. Just keep that in mind. If you haven’t already bought WPRT now is a perfect time to buy a few shares. Small caps are great companies in the making and take time to develop. Be patient and allow for small cap companies like WPRT to grow. With the elections coming up in November the energy bill will be back on the table soon enough! Until then position yourself for the next big move and wait for the news to roll out! That is how money is made!
Also, I’m curious to know what others are investing in at this time. I would appreciate your response to the questions listed below. This blog is informational, but it was also created for a chance to interact with others about investment ideas and build a community of stock junkies!
1. What are your current holdings?
2. Do you currently have any stocks on your watch list?
3. Have you noticed any positive trends in any particular sector?
4. What’s your favorite stock?
5. If you had enough money what one stock would you like to invest in?
Your response is greatly appreciated!
Have a great Sunday! Go Lions!
Clay-
Have a Question? Send Questions to wheatleycsmk@gmail.com
New Content every Thursday and Sunday.
Occasional Stock Market Commentary during the week.
Feedback Welcome!
Interested? Please become a follower (This gives me an accurate number of readership) I would like to see this number grow! Click the follow button on the right hand side of the screen and follow the prompts. It's easy!
Today I would like to bring (WPRT) Westport Innovations back on the map. It has been about a month since I mentioned this small cap stock. WPRT currently has a $656.54 million market cap. That’s very small in comparison to some companies. That means there is plenty of room to grow!
If you’re new to my blog please follow the link below to get up to speed on WPRT.
http://stockmarketmonster.blogspot.com/2010/08/westport-innovations-w-p-r-t.html
So over the past month this stock hasn’t done a thing! And I mean nothing! I want to reassure you that small cap stocks like WPRT come in and out of favor as much as the weather changes in Michigan. Small cap stocks are volatile in nature, but the reward to be able to weather the storm is well worth it.
Right now WPRT doesn’t have any catalysts to move the stock higher. I’m not saying that it won’t on Monday. I’m saying that the perfect buying opportunity is when a stock has been quiet for a period of time. Small cap stocks volume is driven by news. When there is no news the volume drops, hence the price of the underlying company goes down.
The last time I spoke of Westport the stock price was at $18.18. Its current closing price as of Friday was $16.62. So to all of you who were late to this article you haven’t missed a thing. You’re actually in a better position to profit from WPRT. The current price does not reflect the true value of WPRT. Just a couple months back this stock hit a 52 week high of $21.34. The only thing that has changed is the energy bill has been put on hold since the government couldn’t make up their minds before they went on vacation. On a positive note Westport had a great earnings report. Good enough to excite me!
The outlook is still positive as I have said before. Even without the passage of the current energy bill under review Westport still makes money. Just keep that in mind. If you haven’t already bought WPRT now is a perfect time to buy a few shares. Small caps are great companies in the making and take time to develop. Be patient and allow for small cap companies like WPRT to grow. With the elections coming up in November the energy bill will be back on the table soon enough! Until then position yourself for the next big move and wait for the news to roll out! That is how money is made!
Also, I’m curious to know what others are investing in at this time. I would appreciate your response to the questions listed below. This blog is informational, but it was also created for a chance to interact with others about investment ideas and build a community of stock junkies!
1. What are your current holdings?
2. Do you currently have any stocks on your watch list?
3. Have you noticed any positive trends in any particular sector?
4. What’s your favorite stock?
5. If you had enough money what one stock would you like to invest in?
Your response is greatly appreciated!
Have a great Sunday! Go Lions!
Clay-
Have a Question? Send Questions to wheatleycsmk@gmail.com
New Content every Thursday and Sunday.
Occasional Stock Market Commentary during the week.
Feedback Welcome!
Interested? Please become a follower (This gives me an accurate number of readership) I would like to see this number grow! Click the follow button on the right hand side of the screen and follow the prompts. It's easy!
Thursday, September 9, 2010
3 Positives For The Stock Market
First off I would like to say that this week has been great for the stock market! I'm impressed! The market has responded rather nicely from last weeks run up. Although were below the closing prices of last Friday or near break even the pause in massive buying is a good thing. A market that gradually works it's way higher is much more sustainable than one that moves up rather quickly and gets too far ahead of future results. On that note I want to discuss the positives I have seen over the past couple of weeks.
1. Obama has addressed the fact that jobs need to be created in order for the economy to thrive. He has made it clear that this is now his main priority. One of his quotes was “Today, our most urgent task is to restore our economy and put the millions of Americans who have lost their jobs back to work,” Jobs equal growth! Growth is fueled by spending. Jobs and growth go hand in hand. You can’t have one without the other. Obama focused on the importance of jobs in his speech last week, the stock market has taken his speech as a sign of good things to come. That's why there was such a big rally last week. With Obama pushing towards creating jobs and spending money to rebuild are infrastructure the only way to get this done is to put people to work. This to me is exciting and very promising for job growth! Good call Obama!
2. Jobless claims have gone down. Yes down! 2 weeks in a row. Just today the claims came in better than expected with 451,000 claims compared to 470,000 expected by analysts according to Thomas Reuters. Yes these numbers are still high, but were showing positive signs of relief in the job market. If we continue to show improvement consistently in this report every week you will see some big changes. Man o man this market will truck higher! You won’t know what hit you once these numbers near the so called economic growth # of 400,000. By the time jobless claims get to 400,000 this market will be up 10-15% higher from its current price.
3. This positive came to me today. The trade deficit. This truly does matter. DEBT slows down a country just like it slows down an individual. All the money we have borrowed from other countries we must pay back with interest! July deficit fell 14% to $42.8 billion. That’s 14% less interest we have to pay on borrowed money. Less debt means more money for the United States to spend elsewhere to strengthen our economy. Yes this is just one surprise, but every bit helps.
All 3 of these are positives. Obama, Jobs, and the Trade Deficit.
I truly believe that optimism is coming back to the United States. With the confidence in the economy building the money from wary investors should flow back into the market over the next few months. If jobless claims continue to drop for the remainder of September and into October get ready for some action because the buying will continue to build and the only way for stocks will be up. Now that’s being optimistic! Many may not agree with me. Others will say it’s too early to tell, but if you don’t take action you will miss the boat. Take some risk! It’s the only way you will ever get ahead in investing and in life.
In closing I would like to remind everyone that today kicks off the start of the NFL season. This is a very important day. It’s like a holiday for me. All of you that are involved in Fantasy Football know what I’m talking about. Yeah Buddy! I’m predicting Adrian Peterson has over 100 yards and 2 TD’s. Let’s see if I’m right.
Have a great night!
Clay-
Have a Question? Send Questions to wheatleycsmk@gmail.com
New Content every Thursday and Sunday.
Occasional Stock Market Commentary during the week.
Feedback Welcome!
Interested? Please become a follower (This gives me an accurate number of readership) I would like to see this number grow! Click the follow button on the right hand side of the screen and follow the prompts. It's easy!
1. Obama has addressed the fact that jobs need to be created in order for the economy to thrive. He has made it clear that this is now his main priority. One of his quotes was “Today, our most urgent task is to restore our economy and put the millions of Americans who have lost their jobs back to work,” Jobs equal growth! Growth is fueled by spending. Jobs and growth go hand in hand. You can’t have one without the other. Obama focused on the importance of jobs in his speech last week, the stock market has taken his speech as a sign of good things to come. That's why there was such a big rally last week. With Obama pushing towards creating jobs and spending money to rebuild are infrastructure the only way to get this done is to put people to work. This to me is exciting and very promising for job growth! Good call Obama!
2. Jobless claims have gone down. Yes down! 2 weeks in a row. Just today the claims came in better than expected with 451,000 claims compared to 470,000 expected by analysts according to Thomas Reuters. Yes these numbers are still high, but were showing positive signs of relief in the job market. If we continue to show improvement consistently in this report every week you will see some big changes. Man o man this market will truck higher! You won’t know what hit you once these numbers near the so called economic growth # of 400,000. By the time jobless claims get to 400,000 this market will be up 10-15% higher from its current price.
3. This positive came to me today. The trade deficit. This truly does matter. DEBT slows down a country just like it slows down an individual. All the money we have borrowed from other countries we must pay back with interest! July deficit fell 14% to $42.8 billion. That’s 14% less interest we have to pay on borrowed money. Less debt means more money for the United States to spend elsewhere to strengthen our economy. Yes this is just one surprise, but every bit helps.
All 3 of these are positives. Obama, Jobs, and the Trade Deficit.
I truly believe that optimism is coming back to the United States. With the confidence in the economy building the money from wary investors should flow back into the market over the next few months. If jobless claims continue to drop for the remainder of September and into October get ready for some action because the buying will continue to build and the only way for stocks will be up. Now that’s being optimistic! Many may not agree with me. Others will say it’s too early to tell, but if you don’t take action you will miss the boat. Take some risk! It’s the only way you will ever get ahead in investing and in life.
In closing I would like to remind everyone that today kicks off the start of the NFL season. This is a very important day. It’s like a holiday for me. All of you that are involved in Fantasy Football know what I’m talking about. Yeah Buddy! I’m predicting Adrian Peterson has over 100 yards and 2 TD’s. Let’s see if I’m right.
Have a great night!
Clay-
Have a Question? Send Questions to wheatleycsmk@gmail.com
New Content every Thursday and Sunday.
Occasional Stock Market Commentary during the week.
Feedback Welcome!
Interested? Please become a follower (This gives me an accurate number of readership) I would like to see this number grow! Click the follow button on the right hand side of the screen and follow the prompts. It's easy!
Sunday, September 5, 2010
Market Ends Week On Optimistic Terms
First let me just say that the psychology of the stock market has definitely changed from being a negative Nancy to a positive outlook on the future. This week was a game changer. All the numbers that were reported pointed toward a better economic outlook. From my post on Thursday I mentioned that jobs, housing, and manufacturing were all positive. This is what it takes to drive a market higher. The stock market is driven by future results and getting investors to buy into a positive future for the United States economy is crucial. This week that happened. Even if it was a glimmer of hope that is all we needed to drive the market higher.
The data that was truly important was the release of the month end August employment report. Although we still continue to lose jobs the number came in less than expected as nonfarm payrolls fell 54,000 compared to consensus of 120,000 according to briefing.com. Another positive was September employment report projections was revised from the loss of 131,000 jobs to 54,000. That is a huge revision! The other big number that is more of a true gauge of the jobs market is the private nonfarm payrolls. Private nonfarm payrolls came in better than expected at 67,000 compared to the consensus of 44,000.
All these numbers point to a positive turn for the future of the U.S. economy. This is just the beginning of the upturn as we have a long way to go before the economy is truly out of the woods for a double dip recession. Double dip reminds me of ice cream. Maybe everyone would turn positive if they thought about ice cream when the word double dip was mentioned about the economy. LOL!
Anyways, here is a recap of the positive buying in the stock market for this week. These are phenomenal numbers for 1 week! This should make you feel more optimistic about investing in the stock market. With the current rate of return in the average savings account (less than 2% in most cases) this type of return would take over 2 years to generate that kind of money. You do the math! 1 week in the stock market over 4% or 2+ years in a savings account to generate the same results. It’s a no brainer! Stocks crush savings accounts! The risk is worth the reward!
Recap
DJIA
Monday close 10,009.73
Friday close 10,447.93
438.20 point move to the upside
4.37% return on the week
S&P 500
Monday close 1,048.92
Friday close 1,104.51
55.59 point move to the upside
5.29% return on the week
NASDAQ
Monday close 2,119.97
Friday close 2,233.75
113.78 point move for the good guys!
5.36% return on the week
In the end investing in stocks long term will always produce better returns than stashing your cash in a savings account.
Since stocks had such a great week I’m looking for a bit of a pullback as this is what normally occurs after a rally in stocks. Pullbacks are part of the game.
Also, after taking a poll on the creation of a personal finance blog I have decided that the interest is there. Be on the lookout for the future as a personal finance blog will be in the making.
Have a great day!
Clay-
Have a Question? Send Questions to wheatleycsmk@gmail.com
New Content every Thursday and Sunday.
Occasional Stock Market Commentary during the week.
Feedback Welcome!
Interested? Please become a follower (This gives me an accurate number of readership) I would like to see this number grow! Click the follow button on the right hand side of the screen and follow the prompts. It's easy!
The data that was truly important was the release of the month end August employment report. Although we still continue to lose jobs the number came in less than expected as nonfarm payrolls fell 54,000 compared to consensus of 120,000 according to briefing.com. Another positive was September employment report projections was revised from the loss of 131,000 jobs to 54,000. That is a huge revision! The other big number that is more of a true gauge of the jobs market is the private nonfarm payrolls. Private nonfarm payrolls came in better than expected at 67,000 compared to the consensus of 44,000.
All these numbers point to a positive turn for the future of the U.S. economy. This is just the beginning of the upturn as we have a long way to go before the economy is truly out of the woods for a double dip recession. Double dip reminds me of ice cream. Maybe everyone would turn positive if they thought about ice cream when the word double dip was mentioned about the economy. LOL!
Anyways, here is a recap of the positive buying in the stock market for this week. These are phenomenal numbers for 1 week! This should make you feel more optimistic about investing in the stock market. With the current rate of return in the average savings account (less than 2% in most cases) this type of return would take over 2 years to generate that kind of money. You do the math! 1 week in the stock market over 4% or 2+ years in a savings account to generate the same results. It’s a no brainer! Stocks crush savings accounts! The risk is worth the reward!
Recap
DJIA
Monday close 10,009.73
Friday close 10,447.93
438.20 point move to the upside
4.37% return on the week
S&P 500
Monday close 1,048.92
Friday close 1,104.51
55.59 point move to the upside
5.29% return on the week
NASDAQ
Monday close 2,119.97
Friday close 2,233.75
113.78 point move for the good guys!
5.36% return on the week
In the end investing in stocks long term will always produce better returns than stashing your cash in a savings account.
Since stocks had such a great week I’m looking for a bit of a pullback as this is what normally occurs after a rally in stocks. Pullbacks are part of the game.
Also, after taking a poll on the creation of a personal finance blog I have decided that the interest is there. Be on the lookout for the future as a personal finance blog will be in the making.
Have a great day!
Clay-
Have a Question? Send Questions to wheatleycsmk@gmail.com
New Content every Thursday and Sunday.
Occasional Stock Market Commentary during the week.
Feedback Welcome!
Interested? Please become a follower (This gives me an accurate number of readership) I would like to see this number grow! Click the follow button on the right hand side of the screen and follow the prompts. It's easy!
Thursday, September 2, 2010
Short And Sweet
I apologize as I had to focus on a few issues that came to my attention concerning my condo association today! I will be back in action this weekend. I did however enjoy 2 nice up days in the stock market!
Hopefully, tomorrow we can hold those gains as the monthly jobs report is released. This number usually makes or breaks the market! With the positive data from jobs, housing, and manufacturing maybe we will get a surprise in the number. It has been a rocky road the past few months. I promise things will change for the better. With the summer coming to an end the trading volume should increase and prices should move higher. Also on the horizon is the November elections! We should see some big changes come election time. Changes that will help the stock market in 2011.
Have a great night!
Clay-
Hopefully, tomorrow we can hold those gains as the monthly jobs report is released. This number usually makes or breaks the market! With the positive data from jobs, housing, and manufacturing maybe we will get a surprise in the number. It has been a rocky road the past few months. I promise things will change for the better. With the summer coming to an end the trading volume should increase and prices should move higher. Also on the horizon is the November elections! We should see some big changes come election time. Changes that will help the stock market in 2011.
Have a great night!
Clay-
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