most stockbrokers aren’t traders, and they aren’t analysts, but salesmen. They usher clients into financial products with little regard for their individual financial situation or the broader markets.
This doesn’t happen very often.
Carl Icahn has been foiled in one of his activist investing ploys, and by none other than Apple Inc. (Nasdaq: AAPL).
If this is Thursday, it must be…Brazil.
I returned home late last night from Baltimore where we were putting the final touches on one of the best energy investments yet, a huge new precedent-setting play we’ll be releasing very shortly.
As usual, Wall Street smiled upon Icahn’s triumph; Transocean stock went up 3.59% to $55.37 yesterday.
“I believe that Transocean is now on the road to realize its great potential,” a clearly thrilled Icahn said in a statement. He also tweeted: “Grt news for Transocean and activism today.”
Earlier this week (Monday), Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on Bloomberg TV to break down his method for how to invest during turbulent times.
There’s a shake-up brewing in the business world. Al Mulally, CEO of a rejuvenated, refocused, and red-hot Ford Motor Company, may be heading over to Microsoft, where CEO Steve Ballmer is retreating under fire.
When the Apple stock price (Nasdaq: AAPL) slipped below $400 in April and again in June, a lot of Wall Street pundits concluded that the company was a spent force and moved on.
But just when it looked like the Apple bears might be right, the company started to gain back lost ground.
BlackBerry Ltd. (Nasdaq: BBRY) stock suffered a black eye last week, but now a white knight hopes to turn things around for the company.
This is a syndicated repost published with the permission of Money Morning. To view original, click here. Opinions herein are not those of the Wall Street…
This is a syndicated repost published with the permission of Money Morning. To view original, click here. Opinions herein are not those of the Wall Street…