Introducing the parade of Facebook initiations. Not much that was unexpected, but a few neutrals and holds (anything other than a buy or overweight translates to sell in analyst terms)
Facebook (FB) overweight: Piper Jaffray
Facebook (FB) overweight: JPMorgan
Facebook (FB) overweight: Morgan Stanley
Facebook (FB) outperform: Oppenheimer
Facebook (FB) outperform:...
The chart below shows that we are at close to the lowest levels since 2007.
Even with the better than expected Case-Shiller report today, there needs to be a significant drive higher to get back to even.
(Click to enlarge)
Over the past many weeks, there has been an outsized move toward defensive sectors. That is very evident by the chart below.
Clearly the incredible relative strength of the telcom and utility sector is saying a lot about the thinking of investors.
At the same time, financials and tech have been the...
The New York Times put out a blistering article that challenges the economic reports from China. This is something that we have been wondering about for a while now. The article discussed the reasoning for local officials to boost/fudge certain economic readings and that the true slowdown in China may...
Seagate (STX) shareholders may have something to worry about. The latest read-throughs on hardware sales is disturbing. From Dell (DELL) to HP (HPQ) there is lots of noise coming from management that they have seen the trend in sales declining sharply.
Just last week, Lenovo came out with an update that...
