Wednesday, September 26, 2007

Bad Bank

Now that the strike is over, look for GM's stock price to dip back down. GM still remains at a competitive disadvantage over international companies, which do not There was big news today from Goldman, and it pertained to Merrill Lynch. Now is a good time to sell Merryl. And Bear Sterns may sell off a portion of its bank to either Wachovia, Bank of America, or Chase; that is unless Warren Buffet doesn't buy them first.

BS
All of that said, now is a good time to buy Bear Sterns. The price is still at the $115 point, but it will bounce back. This is "buy low" time. If BS does sell off a portion of its banking functions, that will only drive the price higher. I would not be surprised to see Bear's stock jump as high as $135 in the next two weeks.

Target
Target released bad news, they number of customers going into its stores, the problem is that now that WalMart is going green the outlook for Target is not looking good. They need to improve their logistical supply chain. I would not suggest buying Target in the short-term; the market that they compete is in way too tight and profit markets are very slim.

Strong Buy
Advanced CustomVue the company that owns the Lasik laser is a good choice to buy. They have bounced back from a recent recall and will be getting a shot in the arm from outerspace. NASA will give its stamp of approval, allowing Astronauts to have Lasik surgery. This after the Air Force will being allowing fighter pilots to have the procedure as well. Also, they have 5 new products that will be rolling out over teh next few months.

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