Skip to Content

Tag Archives: telecom

Can't Keep a Good Market Down

If you had any doubts about the stock market’s underlying strength, they should have been erased today. It was an amazing session. Despite a red alert on flights between the U.S. and Britain, and security bottlenecks in airports across America, the Dow ended 48 points higher.

Can’t Keep a Good Market Down

If you had any doubts about the stock market’s underlying strength, they should have been erased today. It was an amazing session. Despite a red alert on flights between the U.S. and Britain, and security bottlenecks in airports across America, the Dow ended 48 points higher.

No Surprise Here

A fascinating, eccentric critter this stock market is. Today, prices dropped sharply after the Federal Reserve voted to raise overnight interest rates another quarter-point (to 3.75% on the key federal funds rate). Yet the Fed’s move should have come as absolutely no surprise.

Working on a Top

Today’s stock market rally continues to follow our script remarkably well. We’ve told you for the past several weeks that the market was setting up for a top between late June and mid-July (maybe the third week of July at the latest).

June 17, 2005

Frisky! Stock buyers got a little more daring this week and ignored a jump in oil to push the S&P index up to its best Friday close since early March. We were hoping for a bit more of a pullback so that some of you folks who are underinvested could buy stocks at more favorable prices, but so far no luck.

Look Overseas for Value

The U.S. stock market rally that got under way in late April is now in full swing. Today’s release from the Institute of Supply Management (formerly known as the National Association of Purchasing Managers) only added fuel to the fire. ISM’s monthly survey showed that the nation’s manufacturing sector cooled a bit more than analysts had expected in May.

Verizon Catches the Bug

Yesterday’s newswires were dancing with stories about the latest telecom merger. Verizon (NYSE: VZ), a member of our Incredible Dividend Machine, has offered to take over long-distance carrier MCI (NASDAQ: MCIP) for cash and stock valued at $6.7 billion. MCI’s board has okayed the deal.

Verizon Yes, SBC No

What are we supposed to make of this week’s blockbuster merger story — the proposed hookup between SBC Communications(NYSE: SBC) and AT&T (NYSE: T)? Frankly, I’m less than thrilled. SBC has enough problems to deal with in its own backyard without taking on the declining business fortunes of Ma Bell.