Archive for May, 2009

GM is finished as Bankruptcy nears, shares slide below $1

Submitted by WC Power Tech Fund
Shares of General Motors (GM) are off about 20% today as all signs are pointing to the inevitable bankruptcy filing on Monday June 1st. The struggles in Detroit continue to drag down domestic Automakers but GM’s well-publicized cash flow problems and stand-offs with the Federal Government have led to its [...]

Consumer Confidence outweighs Housing Prices as Markets Rally

Submitted by WC Power Tech Fund
US Markets found themselves on the buy side up between 2 and 3% at the last hour of trading as stronger consumer confidence data triggered a surge of bids in morning trade. The Consumer Board’s confidence index rose to 54.9 in May from a 40.8 reading in April and this [...]

Memorial Day

Submitted by WC Power Tech Fund
Canadian market action could only do so much as Americans take the long weekend on Monday in honour of those lost in military service. During these times when North American troops are engaged in war on two fronts it is imperative to remember just what it means when life is [...]

Tool Time with Lowe’s & Home Depot

Submitted by WC Power Tech Fund
The markets had a strong start to the week, led mainly by Bank stocks and the Tech sector. However, the two biggest names in Home Improvement were also on tap to deliver results. Lowe’s (LOW) delivered Monday with bigger brother & competitor Home Depot (HD) coming in on Tuesday.
During Monday’s [...]

A Look at Energy with Oil racing back to $60

Submitted by WC Power Tech Fund
Oil, like many investment vehicles had been battered along the hard road from peaks in 2007 nearing $150. The fall in fact, had been so dramatic that prices for the commodity were down to $34 a barrel in February of this year. Set against the backdrop of American economic problems [...]

For Bank Of America, $34Billion, what $34Billion?

Submitted by WC Power Tech Fund
Bank Of America (BAC) has been surging the last few days, up 56% the last 5 days, despite leaked information from the Federal Government Stress Test results. Even though the leaked details of BAC’s capital needs seem ludicrously high, the number could have been a lot worse. Analysts have been [...]

Stock Climb continues, S&P above 900

Submitted by WC Power Tech Fund
Despite what should have been a corporate backlash against recently announced plans by President Obama to curb corporate Tax Havens and loopholes, markets brushed off worries with a shrug and kept pushing higher. This sent the Dow to the green by 200 points, while the S&P however was the big [...]

Best Month since 1938, not an April Fools Joke

Submitted by WC Power Tech Fund
No Foolin’? That’s right, the S&P has had the best month since 1938 in April, as Butch & Sundance so poignantly put it all those years ago in the classic film.  The bears have been watching from the sidelines in seems all month long as this Bull Market rally will try to [...]