Yalicoo’s highlights of last week
April 21, 2008
The market got a strong boost on Friday, mainly from positive earning reports and positive forecasts of some companies. Google (GOOG) reported sales and earnings that topped forecasts and sent its stock soaring 20%. Caterpillar (CAT) also rose more than 8% after reporting its first-quarter earnings ramped up 13% to $922 million. Meanwhile, Citigroup Inc. (C) announced that it will cut an additional 9,000 jobs after posting a second straight quarterly loss. But shares of Citigroup rose as the damage did not appear as bad as some analysts feared. The communications giant AT&T (T) also announced that it plans to cut about 1.5 percent of its workforce and divert resources to the growing part of their business.
Now that most people agree that the US is experiencing a recession or at least an economical slow down, the questions remains how bad will it be and how long will it last? The Fed and many others on Wall Street predict a short and shallow slowdown. Other economists and experts believe that we teeter on the brink of the next great depression. The current consequences of the “sub-prime crisis” and the “credit crunch” that followed it seem to support a short version of the recession, but at this point it is impossible to know for sure. Be it as it may, a larger unemployment is expected both in the US and probably globally.
No matter what happens in the future, leading competitors in the Yalicoo competitions continue to gain positive returns. Last week it was
agent who increased the gap from other players in the
quarterly competition. Wisely, agent chose Google just before it posted its impressive reports and surged 20%. He still holds Google in his portfolio, so this might be a hint for his prediction that the stock still has some gaining potential.
The
monthly competition is close to its final week, and the scoreboard starts to be clear as
BanderaS (14.88%) and fieldGaols (12.83%) are currently leading.
BaderaS's strategy was probably to gain a quick higher return in the first week of the competition and then keep his position in the lead by holding no stocks. His plan is working so far, but will it be enough? Well, currently his portfolio is still empty; but, maybe he will modify his strategy this week. Let’s watch him and the other leaders carefully and see what will happen.
Thus, while brokerage houses on Wall Street struggle with providing the exact strategy of investment for the near future, it seems
yalicoo’s leaders are always finding ways to beat the market and gain; significantly.
|
|