Alcoa and GE Earnings Spook Markets
Posted on Friday, April 11th, 2008 | In Stocks to Watch
Contributed by: Faisal Laljee (http://stocksandblogs.com/) -
The earnings season couldn’t have got off to a worse star with Alcoa and GE both disappointing. But one has to question why the market reacted so violently this week to these 2 behemoths. After all, over the last 5 years, both stocks have made absolutely no money for investors.
I am the first to agree that a weak economy would certainly impact these companies, but then they didn’t exactly outperform during economic expansion either.
All I am saying is that we need to get away from being jolted by the stocks of yesteryear. They are old news and I am not influenced by their earnings.
I am still concerned about the recession and the markets but these companies are not a good measure of our broader markets.
Last 5 posts by Faisal Laljee
- ComScore Claims to have a Larger Panel - July 15th, 2009
- Kiplinger's Top 5 Stocks for Dad - June 19th, 2009
- Malcolm Gladwell Explains Outliers - June 12th, 2009
- Top Ten Stock Tweets to Follow - June 3rd, 2009
- Game Over for GameStop - June 2nd, 2009
 About Faisal Laljee (http://stocksandblogs.com/)
Faisal Laljee been a portfolio manager for over eight years, and uses his background in marketing, technology and economics to find opportunities in US and World equity markets. |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.