Posted by samson on Oct 9, 2007 in
Money Talks,
Stock's World I have decided to stop the End of Day recap and the ahead of market forecast. Instead, I’ll combine these two into a single post, such as this one. This point’s primary only represent my personal point of view on the stock market.
Today, the Toronto Stocks have a pretty chilly day. It started off with a gigantic drop on almost every single sector aside from the Research In Motion, Molson-Coor and Cognos software, everyone else was in the red zone.
The leaders in the red zone are from the Financial Sector, with Bank of Montreal, and National Bank of Canada, closing with -0.89 and -0.90 respectively.
Others financial sector stocks have sort of a roller coaster ride too, but didn’t close at such a low point.
The market is hoping for another interest rate cut by the Fed, and I doubt the Canadian Government would sit idle this time. Considering if the U.S. is heading for a recession, then we’ll most likely be dragged along with it.
The first of the 3Qtr reports, wasn’t as high as wall street’s expectations. Yet it still is a 3 percent gain.
Tags: Bank of Montreal, com, End, forecast, National Bank of Canada, post, Research in Motion, sector, stock market, Toronto Stocks
Posted by samson on Oct 6, 2007 in
Money Talks,
Stock's World In today’s world, it is difficult to not learn the trade of the stock markets. Some people might rather stick with Financial institutions and their mutual funds simply because they don’t believe they have all the skills needed to survive on the stock market. I was once like that, but I have decided to learn the trade. This change was not sudden, I have suspected some very unfair numerical movement occurring with my former mutual fund provider. It seems that no matter how large a climb the market have, my monies hardly grow, yet when the market falls, my monies immediately fall. Since I don’t know what their portfolio is like, I was left with one choice, to stop my affiliation with them. So, I took my financial strategies back into my own hands and started learning the trade of the stock world.
My first problem was, how to pick a profitable stock? This is one of the major turn offs for new investors before buying any stocks, since most non-market investors would have absolutely no clue on what each stock does.
My point of advice is, if you don’t know a lot yet, buy stocks that are related to you or your trade.
For me, I am a software Developer by trade, so I have many stocks to choose from. My first choice was Hewlett Packard.
Then the number started coming in, I purchased the stock around 40 dollars, excluding inflation or deflation, this is a hypothetical estimation where the stock price would not change from the day I purchased it to the day I sell it, just the dividend alone would yield close to 0.6% per year. that’s above the same growth rate my mutual fund was growing. Now if we remove the hypothetical limitation and I still hold the stock today, it is now worth about 50 dollars. Considering I brought it back around April this year, the growth is amazing!
So, I immediately devoted my life savings into this field, and got some really chilly spikes within the last few days. If you read my daily posts in the stock’s world, you’d noticed that the last few days have several reports that was almost stating we are already in a recession. However, this is a chance anyone must face. Even if you put your life savings in your bank account, there is a chance your bank would go bankrupt in the next recession.
Remark : To pick a profitable stock, pick stocks that are in your major field. Since for one to be as closely to a stock as possible, one must be in the same sector and field as the company that is issuing the stock. This is also because no one would buy stocks on a steak farm if he or she doesn’t eat beef.
Tags: chance, choice, mutual fund, mutual funds, recession, stock market, stock markets, stock price, today, trade
Posted by samson on Oct 5, 2007 in
Money Talks,
Stock's World Today, after the U.S. Job report was released, Investors went crazy on wall street and the Toronto Stock Exchange.
Research in Motion (RIM.TO) after announcing their profit grew to 50-60 cents per share yesterday after market close rose a total of 11.30 Cdn dollars today and closes at 111.60 Cdn. It seems I missed this boat due to my recent worries of the banks possible recession. I must now reinstate RIM back into my watch list now.
Other Stocks news, TSX gain 108.23 at a high point of 14233.34, Dow Jones gain 91.7 at 14066.01, and Nasdaq gain 46.75 at 2780.32.
Most likely due to the up coming long weekend, investors started withdrawing 30 min before closing.
Tags: Cdn, com, DAY, End, Research in Motion, RIM, street, Toronto Stock exchange, TSX, U.S. Job report
Posted by samson on Oct 5, 2007 in
Money Talks,
Stock's World Sorry for the late report, but I was trying to digest the data that is coming in, it is currently 10:29AM est, and stocks are going up. DowJones is at 14027.8, a gain of 53.49 nasdaq is up 17.87 at 2751.44, and the TSX rose 11.96 points to 14137.07.
The Canadian to US dollar exchange rate is 1Cdn = 1.0142 USD.
The job report is out, 110,000 Jobs was added last month, however, Jobless rate continued to rise to 4.7 Percent.
Now, the question will be, how would the market react to this? Many are puzzled, because if that many jobs are introduced, how can the jobless rate increase?
I believe this is another sign of an upcoming recession. Where we’ll see a sudden increase in jobless rate.
Not to mention, the Canadian Dollar is still higher then the U.S. dollar, this would increase the U.S. Economy’s first level manufacturing cost, since most of the Canadian goods exported to the States are used in this manner anyways.
Tags: Canadian, Cdn, DowJones, gain, Job, Jobless rate, Jobs, nasdaq
Posted by samson on Oct 4, 2007 in
Money Talks,
Stock's World S&P/TSX rose 104.26, closed at 14125.11, an increase of 0.74%.
Research In Motion (RIM.TO) announced that it earned approximately 50 cents per share for the three months ending September 1st. This is an increase from 25 cents per share same period last year. This caused RIM’s stock prices to have a gain of 4.28 Cdn, at a closing price of 100.30 Cdn. This seems to indicate RIM’s stock price would eventually rise back to the point around 200′s, a price level that seizes to exists after the stock split. However, considering the split occurred on August 15th, 2007. With a closing price on that day of 71.19, RIM’s monthly gain is almost 10 Cdn per month. However, it is still in my high risk Stock section, considering its rivals are Apple Inc, LG, Nokia, and Motorola. While most of its rivals still have other products as a backup in sales, RIM’s primary product is also its only product, the Blackberry mobile phone.
Mark Carney will succeed David Doge as the governor of the Bank of Canada. Dodge’s seven-year term expires in January, and therefore Carney’s term begins on Feb 1st, 2008.
Just who is Mark Carney? He holds a PhD in Economics from Oxford University, before joining the government of Canada, he was the managing director of Goldman Sachs Canada’s investment banking division. Once he started working for the Canadian government, he became the deputy governor at the Bank of Canada from August 2003 to November 2004. In 2004, he was appointed the senior associate deputy minister of finance by the Deputy Minister of Finance at the time, Ian E. Bennett. Carney was also the deputy for G7 affairs. During 2004, the government’s 19% stake in Petro-Canada was sold for 3.2 Billion Canadian, Carney was also behind this strategy.
Friday would be another exciting day, the September’s Jobs report will be release and this report along would show signs in indicated what type of closing we’ll have for the day tomorrow and what to expect for the next week or so.
Tags: Bank Of Canada, Cdn, DAY, gain, Ian E. Bennett, Mark Carney, Research in Motion, RIM, share