
07.22.08
It sure seems like financials have taken a backseat to crude oil prices, doesn't it? Sure, major banks like Bank of America (BAC), JP Morgan Chase (JPM), Citigroup (C) and Wells Fargo (WFC) beat the Street's expectations, but a loss is a loss! As the banks and major brokerages clean house, investors seem distracted by the recent slide in crude oil prices. But does the sell-off indicate that the crude bubble is bursting? Hardly! Less than two weeks ago, the same investors who are now pulling money out of the market drove prices to new highs above $147 a barrel! Anyone who says the current declines in crude oil prices indicate a drop in demand and a significant increase in supply can't see the forest from the trees... Read the complete story
Archive
- Video: How to Build a Resilient Portfolio
- Stocks: Buy this High Dividend Stock Now!
- Stock Insights: Best Stocks to Buy Now: Video Game Publishers
- Blog: Five Biggest Mistakes Investors are Making Right Now
- Glossary: What is earnings season?
- Q&A: Louis, please explain AK Steel (AKS). It's A-rated in PortfolioGrader, a conservative, aggressive buy, and has lost big since July 1 on no news!
- eLetter: Earnings Season: Finding the Best Stocks to Buy on Wall Street.
- How to Invest: Investing for the Future Amid Bad News.
- Top Story: Crude Oil Prices Distract Investors


Why Big Ben Looks Apprehensive 07.23.08
Last Tuesday, Fed Reserve Chairman Ben Bernanke warned that the economy faces "numerous difficulties," suggesting that those risks remain his top priority. But surprisingly, Fed officials now expect the economy to grow 1% to 1.6% this year and have raised...
Read this complete blog post Check out the archives from Louis’ BlogWeek of 07.21.08
| Video Demo |
| Stock | Symbol | Grade | |
|---|---|---|---|
| BP PLC (ADS) | BP | B | BUY |
| Chevron Corp. | CVX | B | BUY |
| Exxon Mobil Co | XOM | C | HOLD |
| Hess Corp. | HES | A | BUY |
| PetroChina Co. | PTR | B | BUY |
| Sunoco Inc. | SUN | D | SELL |
| Tesoro Corp. | TSO | F | SELL |
| Stock | Symbol | Grade | |
|---|---|---|---|
| Brinker Intern | EAT | C | HOLD |
| CBRL Group Inc | CBRL | D | SELL |
| Cheesecake Fac | CAKE | C | HOLD |
| DineEquity Inc | DIN | F | SELL |
| P.F. Chang's C | PFCB | C | HOLD |
| Ruby Tuesday I | RT | F | SELL |
| Ruth's Hospita | RUTH | F | SELL |
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We were able to use our gains from Blue Chip Growth to travel to South Africa for 14 days, which was one of our life-long dreams.
Richard Staunch, New Bern, NC
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